AMBEV S.A.ABEV

時価総額

PER

ビールとノンアル飲料の多国籍メーカーの最大手。Zé DeliveryやBEESなどのD2C・B2Bデジタルプラットフォームを展開。2005年のInBevによる買収と2013年の株式交換合併での再編を実施。ブラジル、中米・カリブ、ラテンアメリカ南部、カナダ中心に展開。

概要財務

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	2017年 12月31日	2018年 12月31日	2019年 12月31日	2020年 12月31日	2021年 12月31日	2022年 12月31日	2023年 12月31日	2024年 12月31日
Net income	7,851	11,377	12,188	11,732	13,123	14,891	14,960	14,847
Depreciation, amortization and impairment	3,612	4,023	4,675	5,167	5,397	5,956	6,418	7,126
Impairment losses on receivables and inventory	156	126	149	296	201	352	358	379
Additions to/(reversals of) provisions and employee benefits	168	172	508	240	245	233	234	348
Net financial results	-3,494	-3,823	-3,109	-2,434	-3,205	-3,423	-3,610	-2,318
Losses/(gains) on sales of property, plant and equipment and intangible assets	49	-30	74	79	143	89	86	121
Share-based payment expenses	209	161	206	209	388	314	332	401
Income tax expenses	5,079	1,790	755	1,763	637	-656	76	4,640
Share of results of associates and joint ventures	-3	1	-22	-43	-116	-29	-185	4
Hedge operations	-	-	-	-	-	467	38	967
Other non-cash items included in profit	196	-1,239	-1,081	-1,770	-1,852	-17	-9	-
Cash flow from operating activities before changes in working capital	-	20,181	20,458	20,035	21,315	23,970	26,039	28,968
(Increase)/decrease in trade and other receivables	-266	-149	-722	-849	341	-322	-1,374	220
(Increase)/decrease in inventories	-64	-1,167	-844	-1,303	-3,499	-3,088	1,301	-1,703
Increase/(decrease) in trade and other payables	-106	870	1,382	3,050	6,158	727	-223	1,317
Cash generated from operations	20,243	19,735	20,274	20,933	24,314	21,286	25,743	28,803
Interest paid	557	622	405	769	498	826	666	742
Interest received	338	500	543	320	377	1,095	1,248	1,630
Dividends received	7	9	4	14	13	7	13	27
Income tax paid	2,157	1,711	2,035	1,643	1,305	919	1,627	3,618
Cash flow from operating activities	17,874	17,911	18,381	18,856	22,901	20,642	24,711	26,099
Proceeds from sales of property, plant and equipment and intangible assets	102	102	191	108	302	134	154	171
Acquisitions of property, plant and equipment and intangible assets	3,204	3,571	5,069	4,693	7,677	6,533	6,004	4,749
Sale/(acquisition) of subsidiaries, net of cash acquired	333	133	98	432	134	3	47	-10
Investments in short-term debt securities and net proceeds/(acquisitions) of debt securities	-	-	-	-	-	1,413	136	-889
Net proceeds/(acquisitions) of other assets	86	-49	3	-	15	15	0	-7
Cash flow from/(used in) investing activities	-3,073	-3,676	-4,839	-6,800	-7,735	-5,004	-5,766	-5,463
Capital increases	-	6	13	-	9	24	15	18
Capital increases/(decreases) in non-controlling interest	-	-	-	-	-	-	-	-1
Proceeds from/(buybacks of) treasury shares	-	-	-	-	-	-	-119	-468
Acquisitions of non-controlling interest	-	3,061	1	-	-	0	-	1,717
Proceeds from borrowing	2,904	2,305	946	3,768	315	275	50	489
Repayments of borrowing	5,442	2,499	2,353	2,043	2,454	230	227	605
Cash net of finance costs other than interest	1,460	1,153	2,422	2,972	2,090	3,255	2,731	2,681
Payments of lease liabilities	9	13	537	499	663	855	1,180	1,331
Dividends and interest on capital paid	8,820	8,814	7,871	6,850	11,115	12,242	11,922	4,056
Cash flow from/(used in) financing activities	-12,864	-13,222	-12,283	-8,602	-16,042	-16,338	-16,115	-10,352
Net increase/(decrease) in cash and cash equivalents	1,937	1,014	1,259	3,454	-876	-700	2,830	10,283
Effects of exchange rate fluctuations on cash and cash equivalents	539	97	-822	1,735	383	-1,045	-1,623	2,253