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Brazil's brewing giant AmBev (ABV) does a lot of business in Argentina. Arguably, this stock is one of the best ways to get exposure to the extremely sophisticated Argentine middle class.

ABV trades like a large-cap blend stock in U.S. terms.

ABV seems expensive, with a PEG value of 1.8047 -- well above the alcoholic beverage industry's median of 1.59. Furthermore, the company trades at a premium PE of 23.28, versus the industry median of 18.55.

It is true that ABV converts a larger percentage of its revenue to profits than most other companies in its space. Operating margin is 38.26 percent!

ABV has a debt to total capital ratio of 22.08% -- in line with the industry norm. With an interest coverage ratio of 21.56 and a Quick ratio of 1.12, the company should be able to comfortably repay its debt.

Short interest is only 1.75% and institutional investors hold 16.82% of the float.

Bottom line: ABV seems to be priced for perfection and is sitting on the inner trend line.

Disclosure: No positions

Source: Using AmBev to Trade Argentina