ANHEUSER-BUSCH INBEV SA/NV (1NBA.DE) Stock Fundamental Analysis
Europe - FRA:1NBA - BE0974293251 - Common Stock
50.6 EUR
-0.74 (-1.44%)
Taking everything into account, 1NBA scores 4 out of 10 in our fundamental rating. 1NBA was compared to 26 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year 1NBA was profitable.
1NBA had a positive operating cash flow in the past year.
In the past 5 years 1NBA has always been profitable.
1NBA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
1NBA's Return On Assets of 3.37% is in line compared to the rest of the industry. 1NBA outperforms 46.15% of its industry peers.
With a Return On Equity value of 8.82%, 1NBA perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.35%, 1NBA is in line with its industry, outperforming 42.31% of the companies in the same industry.
1NBA had an Average Return On Invested Capital over the past 3 years of 6.05%. This is below the industry average of 8.66%.
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
With a decent Profit Margin value of 12.16%, 1NBA is doing good in the industry, outperforming 76.92% of the companies in the same industry.
1NBA's Profit Margin has declined in the last couple of years.
The Operating Margin of 1NBA (26.51%) is better than 80.77% of its industry peers.
1NBA's Operating Margin has declined in the last couple of years.
The Gross Margin of 1NBA (55.70%) is better than 65.38% of its industry peers.
In the last couple of years the Gross Margin of 1NBA 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), 1NBA is creating some value.
The number of shares outstanding for 1NBA has been reduced compared to 1 year ago.
The number of shares outstanding for 1NBA has been increased compared to 5 years ago.
1NBA has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.67, we must say that 1NBA is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of 1NBA (1.67) is worse than 76.92% of its industry peers.
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.
1NBA has a Debt to FCF ratio of 6.48. This is in the better half of the industry: 1NBA outperforms 73.08% 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.
1NBA 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 | 1.67 |
ROIC/WACC1.06
WACC6%
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.
Looking at the Current ratio, with a value of 0.64, 1NBA is doing worse than 92.31% of the companies in the same industry.
A Quick Ratio of 0.48 indicates that 1NBA may have some problems paying its short term obligations.
With a Quick ratio value of 0.48, 1NBA is not doing good in the industry: 76.92% 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.
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 -2.35%.
1NBA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.69% yearly.
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
The Earnings Per Share is expected to grow by 9.96% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.20% on average over the next years.
EPS Next Y7.4%
EPS Next 2Y9.55%
EPS Next 3Y12.23%
EPS Next 5Y9.96%
Revenue Next Year0.96%
Revenue Next 2Y3.14%
Revenue Next 3Y3.98%
Revenue Next 5Y4.2%
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.
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
With a Price/Earnings ratio of 16.27, 1NBA is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of 1NBA indicates a somewhat cheap valuation: 1NBA is cheaper than 61.54% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.86. 1NBA is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 14.10 indicates a correct valuation of 1NBA.
The rest of the industry has a similar Price/Forward Earnings ratio as 1NBA.
1NBA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.27 | ||
| Fwd PE | 14.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 1NBA is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, 1NBA is valued a bit cheaper than 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.94 | ||
| EV/EBITDA | 8.68 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
1NBA's earnings are expected to grow with 12.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.2
PEG (5Y)N/A
EPS Next 2Y9.55%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.36%, 1NBA has a reasonable but not impressive dividend return.
1NBA's Dividend Yield is slightly below the industry average, which is at 3.01.
Compared to an average S&P500 Dividend Yield of 2.44, 1NBA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
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 2Y9.55%
EPS Next 3Y12.23%
FRA:1NBA (10/3/2025, 7:00:00 PM)
50.6
-0.74 (-1.44%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners20.3%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap98.80B
Analysts83.13
Price Target68.57 (35.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
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)-1.92%
PT rev (3m)-6.05%
EPS NQ rev (1m)-0.32%
EPS NQ rev (3m)3.9%
EPS NY rev (1m)0.17%
EPS NY rev (3m)3.14%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)2.54%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.27 | ||
| Fwd PE | 14.1 | ||
| P/S | 1.98 | ||
| P/FCF | 9.94 | ||
| P/OCF | 7.63 | ||
| P/B | 1.44 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.68 |
EPS(TTM)3.11
EY6.15%
EPS(NY)3.59
Fwd EY7.09%
FCF(TTM)5.09
FCFY10.06%
OCF(TTM)6.63
OCFY13.1%
SpS25.54
BVpS35.21
TBVpS-32.82
PEG (NY)2.2
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
WACC6%
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 Y7.4%
EPS Next 2Y9.55%
EPS Next 3Y12.23%
EPS Next 5Y9.96%
Revenue 1Y (TTM)-2.35%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-2.15%
Revenue Next Year0.96%
Revenue Next 2Y3.14%
Revenue Next 3Y3.98%
Revenue Next 5Y4.2%
EBIT growth 1Y2.99%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.29%
EBIT Next 3Y17.25%
EBIT Next 5Y12%
FCF growth 1Y56.54%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y19.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%