ANHEUSER-BUSCH INBEV SA/NV (1NBA.DE) Stock Fundamental Analysis
FRA:1NBA - Deutsche Boerse Ag - BE0974293251 - Common Stock - Currency: EUR
Overall 1NBA gets a fundamental rating of 4 out of 10. We evaluated 1NBA against 24 industry peers in the Beverages industry. There are concerns on the financial health of 1NBA while its profitability can be described as average. 1NBA has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year 1NBA was profitable.
In the past year 1NBA had a positive cash flow from operations.
In the past 5 years 1NBA has always been profitable.
In the past 5 years 1NBA always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 2.83%, 1NBA perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
With a decent Return On Equity value of 7.48%, 1NBA is doing good in the industry, outperforming 62.50% of the companies in the same industry.
1NBA has a Return On Invested Capital (6.49%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for 1NBA is in line with the industry average of 7.67%.
The last Return On Invested Capital (6.49%) for 1NBA 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
With a Profit Margin value of 9.80%, 1NBA perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
1NBA's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 25.87%, 1NBA is in the better half of the industry, outperforming 79.17% of the companies in the same industry.
In the last couple of years the Operating Margin of 1NBA has declined.
The Gross Margin of 1NBA (55.25%) is better than 62.50% of its industry peers.
In the last couple of years the Gross Margin of 1NBA 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so 1NBA is still creating some value.
Compared to 1 year ago, 1NBA has less shares outstanding
Compared to 5 years ago, 1NBA has more shares outstanding
The debt/assets ratio for 1NBA has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.81, we must say that 1NBA is in the distress zone and has some risk of bankruptcy.
1NBA has a Altman-Z score of 1.81. This is in the lower half of the industry: 1NBA underperforms 62.50% of its industry peers.
1NBA has a debt to FCF ratio of 6.45. This is a slightly negative value and a sign of low solvency as 1NBA would need 6.45 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.45, 1NBA is in the better half of the industry, outperforming 79.17% of the companies in the same industry.
A Debt/Equity ratio of 0.90 indicates that 1NBA is somewhat dependend on debt financing.
1NBA's Debt to Equity ratio of 0.90 is in line compared to the rest of the industry. 1NBA outperforms 54.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 6.45 | ||
| Altman-Z | 1.81 |
ROIC/WACC1.03
WACC6.28%
2.3 Liquidity
A Current Ratio of 0.70 indicates that 1NBA may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.70, 1NBA is doing worse than 83.33% of the companies in the same industry.
1NBA has a Quick Ratio of 0.70. This is a bad value and indicates that 1NBA is not financially healthy enough and could expect problems in meeting its short term obligations.
1NBA has a Quick ratio (0.54) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.33% over the past year.
1NBA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.83% yearly.
1NBA shows a decrease in Revenue. In the last year, the revenue decreased by -1.45%.
1NBA 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
The Earnings Per Share is expected to grow by 12.11% on average over the next years. This is quite good.
1NBA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.38% yearly.
EPS Next Y4.12%
EPS Next 2Y8.45%
EPS Next 3Y12.23%
EPS Next 5Y12.11%
Revenue Next Year1.78%
Revenue Next 2Y3.14%
Revenue Next 3Y3.48%
Revenue Next 5Y4.38%
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
A Price/Earnings ratio of 19.78 indicates a rather expensive valuation of 1NBA.
Based on the Price/Earnings ratio, 1NBA is valued a bit cheaper than 66.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.29. 1NBA is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 17.13, the valuation of 1NBA can be described as rather expensive.
1NBA's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.17, 1NBA is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.78 | ||
| Fwd PE | 17.13 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 1NBA is valued a bit cheaper than 66.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, 1NBA is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.26 | ||
| EV/EBITDA | 9.18 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1NBA does not grow enough to justify the current Price/Earnings ratio.
1NBA's earnings are expected to grow with 12.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.8
PEG (5Y)N/A
EPS Next 2Y8.45%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
1NBA has a Yearly Dividend Yield of 1.13%.
1NBA's Dividend Yield is slightly below the industry average, which is at 2.86.
Compared to an average S&P500 Dividend Yield of 2.38, 1NBA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
The dividend of 1NBA decreases each year by -12.03%.
Dividend Growth(5Y)-12.03%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
45.64% of the earnings are spent on dividend by 1NBA. This is a bit on the high side, but may be sustainable.
DP45.64%
EPS Next 2Y8.45%
EPS Next 3Y12.23%
FRA:1NBA (6/2/2025, 7:00:00 PM)
61.92
-0.02 (-0.03%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners17.94%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap120.12B
Analysts83.03
Price Target71.41 (15.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Yearly Dividend1.19
Dividend Growth(5Y)-12.03%
DP45.64%
Div Incr Years3
Div Non Decr Years4
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)0.64%
PT rev (3m)5.31%
EPS NQ rev (1m)0.61%
EPS NQ rev (3m)-0.6%
EPS NY rev (1m)0%
EPS NY rev (3m)2.86%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.09%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.78 | ||
| Fwd PE | 17.13 | ||
| P/S | 2.3 | ||
| P/FCF | 12.26 | ||
| P/OCF | 9.11 | ||
| P/B | 1.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.18 |
EPS(TTM)3.13
EY5.05%
EPS(NY)3.62
Fwd EY5.84%
FCF(TTM)5.05
FCFY8.16%
OCF(TTM)6.8
OCFY10.98%
SpS26.98
BVpS35.32
TBVpS-32.63
PEG (NY)4.8
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 | 1.81 |
F-Score8
WACC6.28%
ROIC/WACC1.03
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 5Y12.11%
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 5Y4.38%
EBIT growth 1Y5.98%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.75%
EBIT Next 3Y16.41%
EBIT Next 5Y12.38%
FCF growth 1Y29.73%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y13.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%