ABEV vs. MDLZ: A Head-to-Head Stock Comparison

Updated on July 7, 2025

Here’s a clear look at ABEV and MDLZ, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

MDLZ’s market capitalization of 89.33 billion USD is significantly greater than ABEV’s 38.65 billion USD, highlighting its more substantial market valuation.

With betas of 0.35 for ABEV and 0.50 for MDLZ, both stocks show similar sensitivity to overall market movements.

ABEV trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, MDLZ is a standard domestic listing.

Symbol	ABEV	MDLZ
Company Name	Ambev S.A.	Mondelez International, Inc.
Country	BR	US
Sector	Consumer Defensive	Consumer Defensive
Industry	Beverages - Alcoholic	Food Confectioners
CEO	Carlos Eduardo Klutzenschell Lisboa	Dirk Van de Put
Price	2.47 USD	68.99 USD
Market Cap	38.65 billion USD	89.33 billion USD
Beta	0.35	0.50
Exchange	NYSE	NASDAQ
IPO Date	March 5, 1997	June 13, 2001
ADR	Yes	No

Historical Performance

This chart compares the performance of ABEV and MDLZ by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

ABEV vs. MDLZ: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

ABEV

14.93%

Beverages - Alcoholic Industry

Max: 14.93%
Q3: 11.65%
Median: 9.82%
Q1: 7.98%
Min: 7.40%

In the upper quartile for the Beverages - Alcoholic industry, ABEV’s Return on Equity of 14.93% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

MDLZ

13.31%

Food Confectioners Industry

Max: 37.69%
Q3: 37.49%
Median: 25.36%
Q1: 12.55%
Min: 10.29%

MDLZ’s Return on Equity of 13.31% is on par with the norm for the Food Confectioners industry, indicating its profitability relative to shareholder equity is typical for the sector.

ABEV vs. MDLZ: A comparison of their ROE against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Return on Invested Capital

ABEV

15.16%

Beverages - Alcoholic Industry

Max: 8.96%
Q3: 8.78%
Median: 7.43%
Q1: 6.60%
Min: 6.50%

ABEV’s Return on Invested Capital of 15.16% is exceptionally high, placing it well beyond the typical range for the Beverages - Alcoholic industry. This demonstrates an outstanding ability to deploy capital efficiently and create significant value.

MDLZ

6.32%

Food Confectioners Industry

Max: 17.71%
Q3: 14.38%
Median: 9.80%
Q1: -20.38%
Min: -72.51%

MDLZ’s Return on Invested Capital of 6.32% is in line with the norm for the Food Confectioners industry, reflecting a standard level of efficiency in generating profits from its capital base.

ABEV vs. MDLZ: A comparison of their ROIC against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Net Profit Margin

ABEV

15.74%

Beverages - Alcoholic Industry

Max: 15.74%
Q3: 11.09%
Median: 7.37%
Q1: 4.71%
Min: 3.46%

A Net Profit Margin of 15.74% places ABEV in the upper quartile for the Beverages - Alcoholic industry, signifying strong profitability and more effective cost management than most of its peers.

MDLZ

9.88%

Food Confectioners Industry

Max: 15.32%
Q3: 13.13%
Median: 11.66%
Q1: 10.66%
Min: 9.88%

Falling into the lower quartile for the Food Confectioners industry, MDLZ’s Net Profit Margin of 9.88% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

ABEV vs. MDLZ: A comparison of their Net Profit Margin against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Operating Profit Margin

ABEV

24.12%

Beverages - Alcoholic Industry

Max: 26.22%
Q3: 21.64%
Median: 11.53%
Q1: 8.73%
Min: 4.73%

An Operating Profit Margin of 24.12% places ABEV in the upper quartile for the Beverages - Alcoholic industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

MDLZ

11.79%

Food Confectioners Industry

Max: 21.20%
Q3: 17.05%
Median: 15.39%
Q1: 14.29%
Min: 11.79%

MDLZ’s Operating Profit Margin of 11.79% is in the lower quartile for the Food Confectioners industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.

ABEV vs. MDLZ: A comparison of their Operating Margin against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Profitability at a Glance

Symbol	ABEV	MDLZ
Return on Equity (TTM)	14.93%	13.31%
Return on Assets (TTM)	9.80%	5.22%
Return on Invested Capital (TTM)	15.16%	6.32%
Net Profit Margin (TTM)	15.74%	9.88%
Operating Profit Margin (TTM)	24.12%	11.79%
Gross Profit Margin (TTM)	50.61%	32.74%

Financial Strength

Current Ratio

ABEV

1.11

Beverages - Alcoholic Industry

Max: 2.16
Q3: 1.70
Median: 1.37
Q1: 0.95
Min: 0.70

ABEV’s Current Ratio of 1.11 aligns with the median group of the Beverages - Alcoholic industry, indicating that its short-term liquidity is in line with its sector peers.

MDLZ

0.61

Food Confectioners Industry

Max: 1.59
Q3: 1.20
Median: 0.80
Q1: 0.70
Min: 0.61

MDLZ’s Current Ratio of 0.61 falls into the lower quartile for the Food Confectioners industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

ABEV vs. MDLZ: A comparison of their Current Ratio against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Debt-to-Equity Ratio

ABEV

0.03

Beverages - Alcoholic Industry

Max: 0.92
Q3: 0.90
Median: 0.66
Q1: 0.16
Min: 0.03

Falling into the lower quartile for the Beverages - Alcoholic industry, ABEV’s Debt-to-Equity Ratio of 0.03 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

MDLZ

0.78

Food Confectioners Industry

Max: 1.59
Q3: 1.40
Median: 1.06
Q1: 0.59
Min: 0.01

MDLZ’s Debt-to-Equity Ratio of 0.78 is typical for the Food Confectioners industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

ABEV vs. MDLZ: A comparison of their D/E Ratio against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Interest Coverage Ratio

ABEV

10.02

Beverages - Alcoholic Industry

Max: 10.02
Q3: 10.02
Median: 3.93
Q1: 3.73
Min: 3.32

ABEV’s Interest Coverage Ratio of 10.02 is positioned comfortably within the norm for the Beverages - Alcoholic industry, indicating a standard and healthy capacity to cover its interest payments.

MDLZ

11.13

Food Confectioners Industry

Max: 12.63
Q3: 11.88
Median: 11.13
Q1: 8.85
Min: 6.56

MDLZ’s Interest Coverage Ratio of 11.13 is positioned comfortably within the norm for the Food Confectioners industry, indicating a standard and healthy capacity to cover its interest payments.

ABEV vs. MDLZ: A comparison of their Interest Coverage against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Financial Strength at a Glance

Symbol	ABEV	MDLZ
Current Ratio (TTM)	1.11	0.61
Quick Ratio (TTM)	0.80	0.40
Debt-to-Equity Ratio (TTM)	0.03	0.78
Debt-to-Asset Ratio (TTM)	0.02	0.29
Net Debt-to-EBITDA Ratio (TTM)	-0.54	3.12
Interest Coverage Ratio (TTM)	10.02	11.13

Growth

The following charts compare key year-over-year (YoY) growth metrics for ABEV and MDLZ. These metrics are based on the companies’ annual financial reports.

Revenue Growth

ABEV vs. MDLZ: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

ABEV vs. MDLZ: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

ABEV vs. MDLZ: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

ABEV

1.89%

Beverages - Alcoholic Industry

Max: 1,539.93%
Q3: 3.36%
Median: 1.63%
Q1: 0.78%
Min: 0.00%

ABEV’s Dividend Yield of 1.89% is consistent with its peers in the Beverages - Alcoholic industry, providing a dividend return that is standard for its sector.

MDLZ

2.73%

Food Confectioners Industry

Max: 3.28%
Q3: 2.98%
Median: 2.80%
Q1: 2.16%
Min: 0.53%

MDLZ’s Dividend Yield of 2.73% is consistent with its peers in the Food Confectioners industry, providing a dividend return that is standard for its sector.

ABEV vs. MDLZ: A comparison of their Dividend Yield against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Dividend Payout Ratio

ABEV

73.84%

Beverages - Alcoholic Industry

Max: 73.84%
Q3: 45.81%
Median: 33.17%
Q1: 7.61%
Min: 0.00%

ABEV’s Dividend Payout Ratio of 73.84% is in the upper quartile for the Beverages - Alcoholic industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

MDLZ

66.48%

Food Confectioners Industry

Max: 66.48%
Q3: 65.91%
Median: 61.19%
Q1: 49.66%
Min: 28.65%

MDLZ’s Dividend Payout Ratio of 66.48% is in the upper quartile for the Food Confectioners industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

ABEV vs. MDLZ: A comparison of their Payout Ratio against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Dividend at a Glance

Symbol	ABEV	MDLZ
Dividend Yield (TTM)	1.89%	2.73%
Dividend Payout Ratio (TTM)	73.84%	66.48%

Valuation

Price-to-Earnings Ratio

ABEV

14.68

Beverages - Alcoholic Industry

Max: 29.99
Q3: 27.46
Median: 17.07
Q1: 13.71
Min: 9.30

ABEV’s P/E Ratio of 14.68 is within the middle range for the Beverages - Alcoholic industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

MDLZ

25.65

Food Confectioners Industry

Max: 27.38
Q3: 25.74
Median: 22.87
Q1: 20.36
Min: 19.81

MDLZ’s P/E Ratio of 25.65 is within the middle range for the Food Confectioners industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

ABEV vs. MDLZ: A comparison of their P/E Ratio against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Forward P/E to Growth Ratio

ABEV

1.23

Beverages - Alcoholic Industry

Max: 2.24
Q3: 2.12
Median: 1.48
Q1: 1.20
Min: 1.19

ABEV’s Forward PEG Ratio of 1.23 is within the middle range of its peers in the Beverages - Alcoholic industry. This suggests a reasonable balance between the stock’s price and its expected growth, aligning with sector valuation norms.

MDLZ

2.93

Food Confectioners Industry

Max: 11.13
Q3: 8.03
Median: 4.93
Q1: 2.65
Min: 1.94

MDLZ’s Forward PEG Ratio of 2.93 is within the middle range of its peers in the Food Confectioners industry. This suggests a reasonable balance between the stock’s price and its expected growth, aligning with sector valuation norms.

ABEV vs. MDLZ: A comparison of their Forward PEG Ratio against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Price-to-Sales Ratio

ABEV

2.31

Beverages - Alcoholic Industry

Max: 2.32
Q3: 2.30
Median: 1.63
Q1: 0.89
Min: 0.76

ABEV’s P/S Ratio of 2.31 is in the upper echelon for the Beverages - Alcoholic industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

MDLZ

2.45

Food Confectioners Industry

Max: 4.07
Q3: 3.38
Median: 2.78
Q1: 2.35
Min: 2.17

MDLZ’s P/S Ratio of 2.45 aligns with the market consensus for the Food Confectioners industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

ABEV vs. MDLZ: A comparison of their P/S Ratio against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Price-to-Book Ratio

ABEV

2.24

Beverages - Alcoholic Industry

Max: 2.39
Q3: 2.34
Median: 1.97
Q1: 1.54
Min: 0.74

ABEV’s P/B Ratio of 2.24 is within the conventional range for the Beverages - Alcoholic industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

MDLZ

3.58

Food Confectioners Industry

Max: 7.23
Q3: 7.04
Median: 5.25
Q1: 3.33
Min: 2.77

MDLZ’s P/B Ratio of 3.58 is within the conventional range for the Food Confectioners industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

ABEV vs. MDLZ: A comparison of their P/B Ratio against their respective Beverages - Alcoholic and Food Confectioners industry benchmarks.

Valuation at a Glance

Symbol	ABEV	MDLZ
Price-to-Earnings Ratio (P/E, TTM)	14.68	25.65
Forward PEG Ratio (TTM)	1.23	2.93
Price-to-Sales Ratio (P/S, TTM)	2.31	2.45
Price-to-Book Ratio (P/B, TTM)	2.24	3.58
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	9.61	26.96
EV-to-EBITDA (TTM)	6.68	18.13
EV-to-Sales (TTM)	2.13	2.96