ANHEUSER-BUSCH INBEV SA/NV (1NBA.DE) Stock Fundamental Analysis
FRA:1NBA - BE0974293251 - Common Stock
50.62 EUR
-0.68 (-1.33%)
Taking everything into account, 1NBA scores 4 out of 10 in our fundamental rating. 1NBA was compared to 24 industry peers in the Beverages industry. While 1NBA is still in line with the averages on profitability rating, there are concerns on its financial health. 1NBA has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years 1NBA has been profitable.
1NBA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 3.37%, 1NBA perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
1NBA has a Return On Equity (8.82%) which is comparable to the rest of the industry.
The Return On Invested Capital of 1NBA (6.35%) 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 7.87%.
The last Return On Invested Capital (6.35%) for 1NBA 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
1NBA's Profit Margin of 12.16% is amongst the best of the industry. 1NBA outperforms 83.33% of its industry peers.
In the last couple of years the Profit Margin of 1NBA has declined.
With an excellent Operating Margin value of 26.51%, 1NBA belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
In the last couple of years the Operating Margin of 1NBA has declined.
1NBA has a better Gross Margin (55.70%) than 66.67% of its industry peers.
1NBA's Gross Margin has declined in the last couple of years.
| 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
1NBA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, 1NBA has less shares outstanding
1NBA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for 1NBA has been reduced compared to a year ago.
2.2 Solvency
1NBA has an Altman-Z score of 1.67. This is a bad value and indicates that 1NBA is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.67, 1NBA is doing worse than 75.00% of the companies in the same industry.
1NBA has a debt to FCF ratio of 6.48. This is a slightly negative value and a sign of low solvency as 1NBA would need 6.48 years to pay back of all of its debts.
The Debt to FCF ratio of 1NBA (6.48) is better than 83.33% of its industry peers.
1NBA has a Debt/Equity ratio of 0.89. This is a neutral value indicating 1NBA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.89, 1NBA is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.67 |
ROIC/WACC1.06
WACC5.98%
2.3 Liquidity
1NBA has a Current Ratio of 0.64. 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 Current ratio of 0.64. This is amonst the worse of the industry: 1NBA underperforms 87.50% of its industry peers.
1NBA has a Quick Ratio of 0.64. This is a bad value and indicates that 1NBA is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.48, 1NBA is not doing good in the industry: 70.83% of the companies in the same industry are doing better.
| 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.
The Earnings Per Share has been decreasing by -1.83% on average over the past years.
The Revenue has decreased by -2.35% in the past year.
Measured over the past years, 1NBA shows a small growth in Revenue. The Revenue has been growing by 2.69% on average per year.
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
1NBA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.15% yearly.
1NBA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.34% yearly.
EPS Next Y7.22%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
EPS Next 5Y12.15%
Revenue Next Year1.21%
Revenue Next 2Y3.11%
Revenue Next 3Y3.98%
Revenue Next 5Y4.34%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 16.28 indicates a correct 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.
Compared to an average S&P500 Price/Earnings ratio of 27.02, 1NBA is valued a bit cheaper.
The Price/Forward Earnings ratio is 14.10, which indicates a correct valuation of 1NBA.
Based on the Price/Forward Earnings ratio, 1NBA is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of 1NBA to the average of the S&P500 Index (22.66), we can say 1NBA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.28 | ||
| Fwd PE | 14.1 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1NBA indicates a somewhat cheap valuation: 1NBA is cheaper than 79.17% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.87 | ||
| EV/EBITDA | 8.64 |
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.
The decent profitability rating of 1NBA may justify a higher PE ratio.
1NBA's earnings are expected to grow with 12.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.26
PEG (5Y)N/A
EPS Next 2Y9.53%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
1NBA has a Yearly Dividend Yield of 1.37%. Purely for dividend investing, there may be better candidates out there.
1NBA's Dividend Yield is slightly below the industry average, which is at 2.88.
With a Dividend Yield of 1.37, 1NBA pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
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
1NBA 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%
FRA:1NBA (9/8/2025, 7:00:00 PM)
50.62
-0.68 (-1.33%)
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 Cap98.11B
Analysts82.5
Price Target69.46 (37.22%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
Yearly Dividend1.15
Dividend Growth(5Y)-12.03%
DP51.68%
Div Incr Years3
Div Non Decr Years4
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)-5.92%
PT rev (3m)-2.72%
EPS NQ rev (1m)-1.06%
EPS NQ rev (3m)4.24%
EPS NY rev (1m)2.97%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)-0.49%
Revenue NQ rev (3m)2.75%
Revenue NY rev (1m)-0.93%
Revenue NY rev (3m)-0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.28 | ||
| Fwd PE | 14.1 | ||
| P/S | 1.97 | ||
| P/FCF | 9.87 | ||
| P/OCF | 7.57 | ||
| P/B | 1.43 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.64 |
EPS(TTM)3.11
EY6.14%
EPS(NY)3.59
Fwd EY7.09%
FCF(TTM)5.13
FCFY10.13%
OCF(TTM)6.68
OCFY13.2%
SpS25.74
BVpS35.49
TBVpS-33.09
PEG (NY)2.26
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 | 1.67 |
F-Score7
WACC5.98%
ROIC/WACC1.06
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 5Y12.15%
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 5Y4.34%
EBIT growth 1Y2.99%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.75%
EBIT Next 3Y17.25%
EBIT Next 5Y12.28%
FCF growth 1Y56.54%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y19.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%