ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) Stock Fundamental Analysis
BIT:1ABI - Euronext Milan - BE0974293251 - Common Stock - Currency: EUR
Taking everything into account, 1ABI scores 4 out of 10 in our fundamental rating. 1ABI was compared to 23 industry peers in the Beverages industry. 1ABI has a medium profitability rating, but doesn't score so well on its financial health evaluation. 1ABI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year 1ABI was profitable.
1ABI had a positive operating cash flow in the past year.
In the past 5 years 1ABI has always been profitable.
1ABI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
1ABI has a Return On Assets (2.83%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 7.48%, 1ABI is in line with its industry, outperforming 56.00% of the companies in the same industry.
1ABI has a worse Return On Invested Capital (6.49%) than 60.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for 1ABI is in line with the industry average of 7.90%.
The last Return On Invested Capital (6.49%) for 1ABI is above the 3 year average (6.05%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 7.48% | ||
| ROIC | 6.49% |
ROA(3y)2.69%
ROA(5y)2.17%
ROE(3y)7.38%
ROE(5y)6.2%
ROIC(3y)6.05%
ROIC(5y)5.66%
1.3 Margins
1ABI has a Profit Margin (9.80%) which is in line with its industry peers.
1ABI's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 25.87%, 1ABI is in the better half of the industry, outperforming 76.00% of the companies in the same industry.
1ABI's Operating Margin has declined in the last couple of years.
1ABI has a Gross Margin of 55.25%. This is comparable to the rest of the industry: 1ABI outperforms 60.00% of its industry peers.
In the last couple of years the Gross Margin of 1ABI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.87% | ||
| PM (TTM) | 9.8% | ||
| GM | 55.25% |
OM growth 3Y-0.42%
OM growth 5Y-3.7%
PM growth 3Y4.44%
PM growth 5Y-10.98%
GM growth 3Y-1.3%
GM growth 5Y-1.99%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), 1ABI is creating some value.
The number of shares outstanding for 1ABI has been reduced compared to 1 year ago.
Compared to 5 years ago, 1ABI has more shares outstanding
Compared to 1 year ago, 1ABI has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.79, we must say that 1ABI is in the distress zone and has some risk of bankruptcy.
1ABI has a Altman-Z score of 1.79. This is in the lower half of the industry: 1ABI underperforms 64.00% of its industry peers.
The Debt to FCF ratio of 1ABI is 6.45, which is on the high side as it means it would take 1ABI, 6.45 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 6.45, 1ABI is doing good in the industry, outperforming 68.00% of the companies in the same industry.
1ABI has a Debt/Equity ratio of 0.90. This is a neutral value indicating 1ABI is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.90, 1ABI perfoms like the industry average, outperforming 48.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 6.45 | ||
| Altman-Z | 1.79 |
ROIC/WACC1.05
WACC6.16%
2.3 Liquidity
A Current Ratio of 0.70 indicates that 1ABI may have some problems paying its short term obligations.
With a Current ratio value of 0.70, 1ABI is not doing good in the industry: 88.00% of the companies in the same industry are doing better.
1ABI has a Quick Ratio of 0.70. This is a bad value and indicates that 1ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.54, 1ABI is doing worse than 64.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
1ABI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.33%, which is quite good.
The Earnings Per Share has been decreasing by -1.83% on average over the past years.
Looking at the last year, 1ABI shows a decrease in Revenue. The Revenue has decreased by -1.45% in the last year.
1ABI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.69% yearly.
EPS 1Y (TTM)13.33%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8%
Revenue 1Y (TTM)-1.45%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-6.32%
3.2 Future
Based on estimates for the next years, 1ABI will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.42% on average per year.
Based on estimates for the next years, 1ABI will show a small growth in Revenue. The Revenue will grow by 4.35% on average per year.
EPS Next Y4.12%
EPS Next 2Y8.45%
EPS Next 3Y12.23%
EPS Next 5Y11.42%
Revenue Next Year1.78%
Revenue Next 2Y3.14%
Revenue Next 3Y3.48%
Revenue Next 5Y4.35%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.25, 1ABI is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of 1ABI is on the same level as its industry peers.
1ABI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.51, which is the current average of the S&P500 Index.
1ABI is valuated correctly with a Price/Forward Earnings ratio of 16.67.
1ABI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. 1ABI is more expensive than 60.00% of the companies in the same industry.
1ABI is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.58, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.25 | ||
| Fwd PE | 16.67 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as 1ABI.
Based on the Price/Free Cash Flow ratio, 1ABI is valued a bit cheaper than the industry average as 72.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.92 | ||
| EV/EBITDA | 9 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1ABI does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as 1ABI's earnings are expected to grow with 12.23% in the coming years.
PEG (NY)4.67
PEG (5Y)N/A
EPS Next 2Y8.45%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
1ABI has a Yearly Dividend Yield of 1.21%.
Compared to an average industry Dividend Yield of 2.94, 1ABI is paying slightly less dividend.
With a Dividend Yield of 1.21, 1ABI pays less dividend than the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
5.2 History
The dividend of 1ABI decreases each year by -12.03%.
Dividend Growth(5Y)-12.03%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
1ABI pays out 45.64% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP45.64%
EPS Next 2Y8.45%
EPS Next 3Y12.23%
BIT:1ABI (7/4/2025, 7:00:00 PM)
58.9
-2.98 (-4.82%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners19.76%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap114.16B
Analysts83.75
Price Target72.56 (23.19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
Yearly Dividend1.16
Dividend Growth(5Y)-12.03%
DP45.64%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.01%
Min EPS beat(2)5.76%
Max EPS beat(2)20.27%
EPS beat(4)4
Avg EPS beat(4)10.29%
Min EPS beat(4)4.3%
Max EPS beat(4)20.27%
EPS beat(8)8
Avg EPS beat(8)6.77%
EPS beat(12)10
Avg EPS beat(12)7.21%
EPS beat(16)13
Avg EPS beat(16)7.45%
Revenue beat(2)1
Avg Revenue beat(2)0.19%
Min Revenue beat(2)-4.2%
Max Revenue beat(2)4.57%
Revenue beat(4)2
Avg Revenue beat(4)-0.03%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)4.57%
Revenue beat(8)2
Avg Revenue beat(8)-1.53%
Revenue beat(12)4
Avg Revenue beat(12)-1.48%
Revenue beat(16)7
Avg Revenue beat(16)-0.4%
PT rev (1m)0.43%
PT rev (3m)1.29%
EPS NQ rev (1m)-0.09%
EPS NQ rev (3m)-1.48%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-0.73%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.25 | ||
| Fwd PE | 16.67 | ||
| P/S | 2.23 | ||
| P/FCF | 11.92 | ||
| P/OCF | 8.86 | ||
| P/B | 1.7 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9 |
EPS(TTM)3.06
EY5.2%
EPS(NY)3.53
Fwd EY6%
FCF(TTM)4.94
FCFY8.39%
OCF(TTM)6.65
OCFY11.29%
SpS26.39
BVpS34.55
TBVpS-31.92
PEG (NY)4.67
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 7.48% | ||
| ROCE | 8.91% | ||
| ROIC | 6.49% | ||
| ROICexc | 6.95% | ||
| ROICexgc | 96.58% | ||
| OM | 25.87% | ||
| PM (TTM) | 9.8% | ||
| GM | 55.25% | ||
| FCFM | 18.73% |
ROA(3y)2.69%
ROA(5y)2.17%
ROE(3y)7.38%
ROE(5y)6.2%
ROIC(3y)6.05%
ROIC(5y)5.66%
ROICexc(3y)6.43%
ROICexc(5y)6.06%
ROICexgc(3y)81%
ROICexgc(5y)72.75%
ROCE(3y)8.3%
ROCE(5y)7.79%
ROICexcg growth 3Y11.31%
ROICexcg growth 5Y15.72%
ROICexc growth 3Y4.65%
ROICexc growth 5Y2.73%
OM growth 3Y-0.42%
OM growth 5Y-3.7%
PM growth 3Y4.44%
PM growth 5Y-10.98%
GM growth 3Y-1.3%
GM growth 5Y-1.99%
F-Score8
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 6.45 | ||
| Debt/EBITDA | 3.37 | ||
| Cap/Depr | 69.68% | ||
| Cap/Sales | 6.46% | ||
| Interest Coverage | 4.24 | ||
| Cash Conversion | 71.67% | ||
| Profit Quality | 191.15% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 1.79 |
F-Score8
WACC6.16%
ROIC/WACC1.05
Cap/Depr(3y)85.67%
Cap/Depr(5y)89.39%
Cap/Sales(3y)7.73%
Cap/Sales(5y)8.33%
Profit Quality(3y)163.01%
Profit Quality(5y)238.24%
High Growth Momentum
Growth
EPS 1Y (TTM)13.33%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8%
EPS Next Y4.12%
EPS Next 2Y8.45%
EPS Next 3Y12.23%
EPS Next 5Y11.42%
Revenue 1Y (TTM)-1.45%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-6.32%
Revenue Next Year1.78%
Revenue Next 2Y3.14%
Revenue Next 3Y3.48%
Revenue Next 5Y4.35%
EBIT growth 1Y5.98%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.75%
EBIT Next 3Y16.41%
EBIT Next 5Y12.43%
FCF growth 1Y29.73%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y13.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%