ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:1ABI • BE0974293251

63.98 EUR
+8.34 (+14.99%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, 1ABI scores 4 out of 10 in our fundamental rating. 1ABI was compared to 28 industry peers in the Beverages industry. There are concerns on the financial health of 1ABI while its profitability can be described as average. 1ABI has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year 1ABI was profitable.
  • In the past year 1ABI had a positive cash flow from operations.
  • In the past 5 years 1ABI has always been profitable.
  • Each year in the past 5 years 1ABI had a positive operating cash flow.
1ABI.MI Yearly Net Income VS EBIT VS OCF VS FCF1ABI.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

1.2 Ratios

  • With a Return On Assets value of 3.37%, 1ABI perfoms like the industry average, outperforming 51.61% of the companies in the same industry.
  • 1ABI's Return On Equity of 8.82% is in line compared to the rest of the industry. 1ABI outperforms 51.61% of its industry peers.
  • 1ABI has a Return On Invested Capital (6.35%) which is comparable to the rest of the industry.
  • 1ABI had an Average Return On Invested Capital over the past 3 years of 6.05%. This is in line with the industry average of 7.85%.
  • 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 RankSector 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%
1ABI.MI Yearly ROA, ROE, ROIC1ABI.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • With a decent Profit Margin value of 12.16%, 1ABI is doing good in the industry, outperforming 77.42% of the companies in the same industry.
  • 1ABI's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 26.51%, 1ABI belongs to the best of the industry, outperforming 80.65% of the companies in the same industry.
  • 1ABI's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 55.70%, 1ABI is in the better half of the industry, outperforming 70.97% of the companies in the same industry.
  • 1ABI's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
1ABI.MI Yearly Profit, Operating, Gross Margins1ABI.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
  • The number of shares outstanding for 1ABI has been increased compared to 5 years ago.
  • 1ABI has a better debt/assets ratio than last year.
1ABI.MI Yearly Shares Outstanding1ABI.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
1ABI.MI Yearly Total Debt VS Total Assets1ABI.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B 250B

2.2 Solvency

  • 1ABI has an Altman-Z score of 1.70. This is a bad value and indicates that 1ABI is not financially healthy and even has some risk of bankruptcy.
  • 1ABI has a Altman-Z score of 1.70. This is in the lower half of the industry: 1ABI underperforms 74.19% of its industry peers.
  • 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.
  • 1ABI has a better Debt to FCF ratio (6.48) than 77.42% of its industry peers.
  • A Debt/Equity ratio of 0.89 indicates that 1ABI is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.89, 1ABI is in line with its industry, outperforming 51.61% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 6.48
Altman-Z 1.7
ROIC/WACC1.05
WACC6.05%
1ABI.MI Yearly LT Debt VS Equity VS FCF1ABI.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

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.
  • Looking at the Current ratio, with a value of 0.64, 1ABI is doing worse than 87.10% of the companies in the same industry.
  • 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 67.74% of its industry peers.
Industry RankSector Rank
Current Ratio 0.64
Quick Ratio 0.48
1ABI.MI Yearly Current Assets VS Current Liabilites1ABI.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.09% over the past year.
  • 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 -1.34% in the last year.
  • The Revenue has been growing slightly by 2.69% on average over the past years.
EPS 1Y (TTM)6.09%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%1.02%
Revenue 1Y (TTM)-1.34%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%0.58%

3.2 Future

  • 1ABI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.06% yearly.
  • The Revenue is expected to grow by 4.08% on average over the next years.
EPS Next Y6.02%
EPS Next 2Y10.07%
EPS Next 3Y10.82%
EPS Next 5Y10.06%
Revenue Next Year0.47%
Revenue Next 2Y2.92%
Revenue Next 3Y3.14%
Revenue Next 5Y4.08%

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.
1ABI.MI Yearly Revenue VS Estimates1ABI.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 20B 40B 60B
1ABI.MI Yearly EPS VS Estimates1ABI.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4 5

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4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 20.38, the valuation of 1ABI can be described as rather expensive.
  • Based on the Price/Earnings ratio, 1ABI is valued a bit cheaper than 61.29% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, 1ABI is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 17.51, which indicates a rather expensive current valuation of 1ABI.
  • 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 (27.78), we can say 1ABI is valued slightly cheaper.
Industry RankSector Rank
PE 20.38
Fwd PE 17.51
1ABI.MI Price Earnings VS Forward Price Earnings1ABI.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1ABI indicates a somewhat cheap valuation: 1ABI is cheaper than 67.74% of the companies listed in the same industry.
  • 1ABI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. 1ABI is cheaper than 74.19% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.46
EV/EBITDA 9.04
1ABI.MI Per share data1ABI.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of 1ABI may justify a higher PE ratio.
PEG (NY)3.38
PEG (5Y)N/A
EPS Next 2Y10.07%
EPS Next 3Y10.82%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.22%, 1ABI has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.77, 1ABI is paying slightly less dividend.
  • 1ABI's Dividend Yield is slightly below the S&P500 average, which is at 1.83.
Industry RankSector Rank
Dividend Yield 1.22%

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 2Y10.07%
EPS Next 3Y10.82%
1ABI.MI Yearly Income VS Free CF VS Dividend1ABI.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B
1ABI.MI Dividend Payout.1ABI.MI Dividend Payout, showing the Payout Ratio.1ABI.MI Dividend Payout.PayoutRetained Earnings

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ANHEUSER-BUSCH INBEV SA/NV

BIT:1ABI (2/6/2026, 7:00:00 PM)

63.98

+8.34 (+14.99%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)10-30
Earnings (Next)02-12
Inst Owners20.5%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap124.79B
Revenue(TTM)58.61B
Net Income(TTM)7.12B
Analysts83.23
Price Target68.8 (7.53%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.22%
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)0.1%
PT rev (3m)-1.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.66%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-1.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.81%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-0.74%
Valuation
Industry RankSector Rank
PE 20.38
Fwd PE 17.51
P/S 2.48
P/FCF 12.46
P/OCF 9.56
P/B 1.8
P/tB N/A
EV/EBITDA 9.04
EPS(TTM)3.14
EY4.91%
EPS(NY)3.65
Fwd EY5.71%
FCF(TTM)5.13
FCFY8.03%
OCF(TTM)6.69
OCFY10.46%
SpS25.77
BVpS35.53
TBVpS-33.12
PEG (NY)3.38
PEG (5Y)N/A
Graham Number50.1
Profitability
Industry RankSector 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%
ROICexgc growth 3Y11.31%
ROICexgc 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 RankSector 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 1.7
F-Score7
WACC6.05%
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)6.09%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%1.02%
EPS Next Y6.02%
EPS Next 2Y10.07%
EPS Next 3Y10.82%
EPS Next 5Y10.06%
Revenue 1Y (TTM)-1.34%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%0.58%
Revenue Next Year0.47%
Revenue Next 2Y2.92%
Revenue Next 3Y3.14%
Revenue Next 5Y4.08%
EBIT growth 1Y2.99%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.22%
EBIT Next 3Y16.41%
EBIT Next 5Y11.68%
FCF growth 1Y56.54%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y19.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%

ANHEUSER-BUSCH INBEV SA/NV / 1ABI.MI FAQ

Can you provide the ChartMill fundamental rating for ANHEUSER-BUSCH INBEV SA/NV?

ChartMill assigns a fundamental rating of 4 / 10 to 1ABI.MI.


What is the valuation status of ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) stock?

ChartMill assigns a valuation rating of 4 / 10 to ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI). This can be considered as Fairly Valued.


How profitable is ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) stock?

ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) has a profitability rating of 5 / 10.


Can you provide the financial health for 1ABI stock?

The financial health rating of ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) is 3 / 10.


How sustainable is the dividend of ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) stock?

The dividend rating of ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) is 0 / 10 and the dividend payout ratio is 51.68%.