ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) Stock Fundamental Analysis
BIT:1ABI - BE0974293251 - Common Stock
53.74 EUR
-0.56 (-1.03%)
Taking everything into account, 1ABI scores 4 out of 10 in our fundamental rating. 1ABI was compared to 25 industry peers in the Beverages industry. While 1ABI is still in line with the averages on profitability rating, there are concerns on its financial health. 1ABI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
1ABI had positive earnings in the past year.
1ABI had a positive operating cash flow in the past year.
In the past 5 years 1ABI has always been profitable.
Each year in the past 5 years 1ABI had a positive operating cash flow.
1.2 Ratios
1ABI has a Return On Assets of 3.37%. This is comparable to the rest of the industry: 1ABI outperforms 44.00% of its industry peers.
With a Return On Equity value of 8.82%, 1ABI perfoms like the industry average, outperforming 48.00% of the companies in the same industry.
With a Return On Invested Capital value of 6.35%, 1ABI is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for 1ABI is in line with the industry average of 7.82%.
The last Return On Invested Capital (6.35%) for 1ABI is above the 3 year average (6.05%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 8.82% | ||
| ROIC | 6.35% |
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
Looking at the Profit Margin, with a value of 12.16%, 1ABI is in the better half of the industry, outperforming 76.00% of the companies in the same industry.
In the last couple of years the Profit Margin of 1ABI has declined.
1ABI's Operating Margin of 26.51% is fine compared to the rest of the industry. 1ABI outperforms 80.00% of its industry peers.
In the last couple of years the Operating Margin of 1ABI has declined.
1ABI's Gross Margin of 55.70% is in line compared 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 | 26.51% | ||
| PM (TTM) | 12.16% | ||
| GM | 55.7% |
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.
1ABI has less shares outstanding than it did 1 year ago.
The number of shares outstanding for 1ABI has been increased compared to 5 years ago.
The debt/assets ratio for 1ABI has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.69, we must say that 1ABI is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.69, 1ABI is not doing good in the industry: 68.00% of the companies in the same industry are doing better.
The Debt to FCF ratio of 1ABI is 6.48, which is on the high side as it means it would take 1ABI, 6.48 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 6.48, 1ABI is doing good in the industry, outperforming 76.00% of the companies in the same industry.
1ABI has a Debt/Equity ratio of 0.89. This is a neutral value indicating 1ABI is somewhat dependend on debt financing.
1ABI has a Debt to Equity ratio (0.89) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.69 |
ROIC/WACC1.05
WACC6.04%
2.3 Liquidity
1ABI has a Current Ratio of 0.64. This is a bad value and indicates that 1ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of 1ABI (0.64) is worse than 92.00% of its industry peers.
A Quick Ratio of 0.48 indicates that 1ABI may have some problems paying its short term obligations.
1ABI's Quick ratio of 0.48 is on the low side compared to the rest of the industry. 1ABI is outperformed by 76.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.61% over the past year.
Measured over the past years, 1ABI shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.83% on average per year.
Looking at the last year, 1ABI shows a decrease in Revenue. The Revenue has decreased by -2.35% in the last year.
The Revenue has been growing slightly by 2.69% on average over the past years.
EPS 1Y (TTM)9.61%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8.89%
Revenue 1Y (TTM)-2.35%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-2.15%
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 12.24% on average per year.
1ABI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.36% yearly.
EPS Next Y7.22%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
EPS Next 5Y12.24%
Revenue Next Year1.21%
Revenue Next 2Y3.11%
Revenue Next 3Y3.98%
Revenue Next 5Y4.36%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
1ABI is valuated rather expensively with a Price/Earnings ratio of 17.17.
Based on the Price/Earnings ratio, 1ABI is valued a bit cheaper than the industry average as 68.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of 1ABI to the average of the S&P500 Index (26.84), we can say 1ABI is valued slightly cheaper.
1ABI is valuated correctly with a Price/Forward Earnings ratio of 14.87.
1ABI's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of 1ABI to the average of the S&P500 Index (22.48), we can say 1ABI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.17 | ||
| Fwd PE | 14.87 |
4.2 Price Multiples
1ABI's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, 1ABI is valued a bit cheaper than 72.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.41 | ||
| EV/EBITDA | 8.94 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as 1ABI's earnings are expected to grow with 12.23% in the coming years.
PEG (NY)2.38
PEG (5Y)N/A
EPS Next 2Y9.53%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.30%, 1ABI has a reasonable but not impressive dividend return.
1ABI's Dividend Yield is slightly below the industry average, which is at 2.76.
Compared to an average S&P500 Dividend Yield of 2.32, 1ABI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
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 51.68% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP51.68%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
BIT:1ABI (8/28/2025, 7:00:00 PM)
53.74
-0.56 (-1.03%)
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 Cap104.16B
Analysts83.75
Price Target69.34 (29.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
Yearly Dividend1.16
Dividend Growth(5Y)-12.03%
DP51.68%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.58%
Min EPS beat(2)1.01%
Max EPS beat(2)8.16%
EPS beat(4)4
Avg EPS beat(4)8.8%
Min EPS beat(4)1.01%
Max EPS beat(4)20.27%
EPS beat(8)8
Avg EPS beat(8)7.13%
EPS beat(12)12
Avg EPS beat(12)8.52%
EPS beat(16)14
Avg EPS beat(16)8.77%
Revenue beat(2)0
Avg Revenue beat(2)-2.69%
Min Revenue beat(2)-3.28%
Max Revenue beat(2)-2.1%
Revenue beat(4)1
Avg Revenue beat(4)-1.25%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)4.57%
Revenue beat(8)2
Avg Revenue beat(8)-1.89%
Revenue beat(12)2
Avg Revenue beat(12)-1.98%
Revenue beat(16)6
Avg Revenue beat(16)-1.07%
PT rev (1m)-4.43%
PT rev (3m)-4.02%
EPS NQ rev (1m)-2.2%
EPS NQ rev (3m)4.24%
EPS NY rev (1m)2.97%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)-0.68%
Revenue NQ rev (3m)2.75%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.17 | ||
| Fwd PE | 14.87 | ||
| P/S | 2.07 | ||
| P/FCF | 10.41 | ||
| P/OCF | 7.99 | ||
| P/B | 1.5 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.94 |
EPS(TTM)3.13
EY5.82%
EPS(NY)3.61
Fwd EY6.72%
FCF(TTM)5.16
FCFY9.61%
OCF(TTM)6.73
OCFY12.52%
SpS25.91
BVpS35.72
TBVpS-33.3
PEG (NY)2.38
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 8.82% | ||
| ROCE | 8.71% | ||
| ROIC | 6.35% | ||
| ROICexc | 6.62% | ||
| ROICexgc | 76.01% | ||
| OM | 26.51% | ||
| PM (TTM) | 12.16% | ||
| GM | 55.7% | ||
| FCFM | 19.92% |
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-Score7
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Debt/EBITDA | 3.44 | ||
| Cap/Depr | 65.6% | ||
| Cap/Sales | 6.04% | ||
| Interest Coverage | 4.35 | ||
| Cash Conversion | 72.68% | ||
| Profit Quality | 163.87% | ||
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | 1.69 |
F-Score7
WACC6.04%
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)9.61%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8.89%
EPS Next Y7.22%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
EPS Next 5Y12.24%
Revenue 1Y (TTM)-2.35%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-2.15%
Revenue Next Year1.21%
Revenue Next 2Y3.11%
Revenue Next 3Y3.98%
Revenue Next 5Y4.36%
EBIT growth 1Y2.99%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.75%
EBIT Next 3Y17.25%
EBIT Next 5Y12.37%
FCF growth 1Y56.54%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y19.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%