` Comparison: AEBZY vs ABEV3 - Alpha Spread

AEBZY
vs
ABEV3

Over the past 12 months, AEBZY has underperformed ABEV3, delivering a return of -6% compared to the ABEV3's +45% growth.

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AEBZY
ABEV3
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Valuation Comparison

AEBZY Intrinsic Value
0.63 USD
Undervaluation 35%
Intrinsic Value
Price
ABEV3 Intrinsic Value
12.24 BRL
Overvaluation 23%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Anadolu Efes Biracilik ve Malt Sanayii AS
OTC:AEBZY
0.41 USD
Ambev SA
BOVESPA:ABEV3
16 BRL
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Valuation Scenario:
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Growth Comparison

Growth Over Time
AEBZY, ABEV3

AEBZY
ABEV3
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Anadolu Efes Biracilik ve Malt Sanayii AS
Revenue
Ambev SA
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
AEBZY, ABEV3

AEBZY
ABEV3
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Anadolu Efes Biracilik ve Malt Sanayii AS
OTC:AEBZY
Ambev SA
BOVESPA:ABEV3
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What is Free Cash Flow?

Gross Margin

AEBZY
37.7%
ABEV3
51.4%

Operating Margin

AEBZY
11.1%
ABEV3
25.7%

Net Margin

AEBZY
4.6%
ABEV3
17.6%

FCF Margin

AEBZY
5.7%
ABEV3
22.5%

ROE

AEBZY
11.3%
ABEV3
16.6%

ROA

AEBZY
2.8%
ABEV3
10.1%

ROIC

AEBZY
6.8%
ABEV3
17.9%

ROCE

AEBZY
9.4%
ABEV3
21.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AEBZY, ABEV3

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AEBZY
ABEV3
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Performance Gap
AEBZY, ABEV3

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AEBZY
ABEV3
Difference
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Performance By Year
AEBZY, ABEV3

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AEBZY
ABEV3
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