ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) Fundamental Analysis & Valuation

EBR:ABI • BE0974293251

Current stock price

59.88 EUR
+0.06 (+0.1%)
Last:

This ABI.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. ABI.BR Profitability Analysis

1.1 Basic Checks

  • In the past year ABI was profitable.
  • In the past year ABI had a positive cash flow from operations.
  • ABI had positive earnings in each of the past 5 years.
  • In the past 5 years ABI always reported a positive cash flow from operatings.
ABI.BR Yearly Net Income VS EBIT VS OCF VS FCFABI.BR 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 2025 5B 10B 15B

1.2 Ratios

  • ABI has a worse Return On Assets (3.12%) than 60.00% of its industry peers.
  • ABI has a Return On Equity (7.83%) which is comparable to the rest of the industry.
  • ABI has a Return On Invested Capital of 6.24%. This is comparable to the rest of the industry: ABI outperforms 53.33% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ABI is in line with the industry average of 7.69%.
  • The last Return On Invested Capital (6.24%) for ABI is above the 3 year average (6.13%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.12%
ROE 7.83%
ROIC 6.24%
ROA(3y)2.8%
ROA(5y)2.67%
ROE(3y)7.28%
ROE(5y)7.36%
ROIC(3y)6.13%
ROIC(5y)5.97%
ABI.BR Yearly ROA, ROE, ROICABI.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • With a decent Profit Margin value of 11.53%, ABI is doing good in the industry, outperforming 73.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ABI has grown nicely.
  • With an excellent Operating Margin value of 26.73%, ABI belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
  • ABI's Operating Margin has been stable in the last couple of years.
  • ABI has a Gross Margin of 55.93%. This is in the better half of the industry: ABI outperforms 63.33% of its industry peers.
  • In the last couple of years the Gross Margin of ABI has remained more or less at the same level.
Industry RankSector Rank
OM 26.73%
PM (TTM) 11.53%
GM 55.93%
OM growth 3Y1.96%
OM growth 5Y0.34%
PM growth 3Y3.72%
PM growth 5Y30.92%
GM growth 3Y0.88%
GM growth 5Y-0.76%
ABI.BR Yearly Profit, Operating, Gross MarginsABI.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. ABI.BR Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ABI is still creating some value.
  • The number of shares outstanding for ABI has been reduced compared to 1 year ago.
  • The number of shares outstanding for ABI has been reduced compared to 5 years ago.
  • The debt/assets ratio for ABI has been reduced compared to a year ago.
ABI.BR Yearly Shares OutstandingABI.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
ABI.BR Yearly Total Debt VS Total AssetsABI.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B 250B

2.2 Solvency

  • Based on the Altman-Z score of 1.74, we must say that ABI is in the distress zone and has some risk of bankruptcy.
  • ABI has a worse Altman-Z score (1.74) than 63.33% of its industry peers.
  • ABI has a debt to FCF ratio of 6.50. This is a slightly negative value and a sign of low solvency as ABI would need 6.50 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 6.50, ABI is doing good in the industry, outperforming 73.33% of the companies in the same industry.
  • A Debt/Equity ratio of 0.83 indicates that ABI is somewhat dependend on debt financing.
  • ABI has a Debt to Equity ratio of 0.83. This is comparable to the rest of the industry: ABI outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Altman-Z 1.74
ROIC/WACC1.01
WACC6.17%
ABI.BR Yearly LT Debt VS Equity VS FCFABI.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.3 Liquidity

  • A Current Ratio of 0.72 indicates that ABI may have some problems paying its short term obligations.
  • ABI's Current ratio of 0.72 is on the low side compared to the rest of the industry. ABI is outperformed by 90.00% of its industry peers.
  • ABI has a Quick Ratio of 0.72. This is a bad value and indicates that ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.57, ABI is doing worse than 73.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.57
ABI.BR Yearly Current Assets VS Current LiabilitesABI.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

More info and screens

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

4

3. ABI.BR Growth Analysis

3.1 Past

  • ABI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.27%.
  • ABI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.20% yearly.
  • The Revenue has decreased by -0.75% in the past year.
  • ABI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.82% yearly.
EPS 1Y (TTM)6.27%
EPS 3Y5.8%
EPS 5Y14.2%
EPS Q2Q%7.95%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%

3.2 Future

  • Based on estimates for the next years, ABI will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.29% on average per year.
  • The Revenue is expected to grow by 4.90% on average over the next years.
EPS Next Y16.01%
EPS Next 2Y14.18%
EPS Next 3Y13.09%
EPS Next 5Y13.29%
Revenue Next Year7.07%
Revenue Next 2Y5.42%
Revenue Next 3Y4.84%
Revenue Next 5Y4.9%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 stable.
ABI.BR Yearly Revenue VS EstimatesABI.BR 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
ABI.BR Yearly EPS VS EstimatesABI.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

More info and screens

Find the best growth stocksShow best growing peers

5

4. ABI.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 18.42, ABI is valued on the expensive side.
  • ABI's Price/Earnings ratio is in line with the industry average.
  • ABI is valuated rather cheaply when we compare the Price/Earnings ratio to 24.75, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 15.89, ABI is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ABI is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, ABI is valued a bit cheaper.
Industry RankSector Rank
PE 18.42
Fwd PE 15.89
ABI.BR Price Earnings VS Forward Price EarningsABI.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ABI is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ABI indicates a somewhat cheap valuation: ABI is cheaper than 76.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.93
EV/EBITDA 8.75
ABI.BR Per share dataABI.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • ABI has a very decent profitability rating, which may justify a higher PE ratio.
  • ABI's earnings are expected to grow with 13.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.15
PEG (5Y)1.3
EPS Next 2Y14.18%
EPS Next 3Y13.09%

More info and screens

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

0

5. ABI.BR Dividend Analysis

5.1 Amount

  • ABI does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ABI.BR Fundamentals: All Metrics, Ratios and Statistics

ANHEUSER-BUSCH INBEV SA/NV

EBR:ABI (3/31/2026, 5:20:13 PM)

59.88

+0.06 (+0.1%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners20.7%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap116.58B
Revenue(TTM)59.32B
Net Income(TTM)6.84B
Analysts81.82
Price Target75.95 (26.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend2.01
Dividend Growth(5Y)20.37%
DP66.45%
Div Incr Years3
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.18%
Min EPS beat(2)2.28%
Max EPS beat(2)6.07%
EPS beat(4)4
Avg EPS beat(4)4.38%
Min EPS beat(4)1.01%
Max EPS beat(4)8.16%
EPS beat(8)8
Avg EPS beat(8)7.33%
EPS beat(12)12
Avg EPS beat(12)5.97%
EPS beat(16)14
Avg EPS beat(16)6.5%
Revenue beat(2)0
Avg Revenue beat(2)-1.55%
Min Revenue beat(2)-1.88%
Max Revenue beat(2)-1.22%
Revenue beat(4)0
Avg Revenue beat(4)-2.12%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)-1.22%
Revenue beat(8)2
Avg Revenue beat(8)-1.07%
Revenue beat(12)2
Avg Revenue beat(12)-1.73%
Revenue beat(16)4
Avg Revenue beat(16)-1.64%
PT rev (1m)1.63%
PT rev (3m)10.44%
EPS NQ rev (1m)-0.26%
EPS NQ rev (3m)6.59%
EPS NY rev (1m)1.43%
EPS NY rev (3m)1.75%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)1.66%
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)1.16%
Valuation
Industry RankSector Rank
PE 18.42
Fwd PE 15.89
P/S 2.26
P/FCF 11.93
P/OCF 9
P/B 1.53
P/tB N/A
EV/EBITDA 8.75
EPS(TTM)3.25
EY5.43%
EPS(NY)3.77
Fwd EY6.29%
FCF(TTM)5.02
FCFY8.39%
OCF(TTM)6.66
OCFY11.12%
SpS26.53
BVpS39.04
TBVpS-32.47
PEG (NY)1.15
PEG (5Y)1.3
Graham Number53.43
Profitability
Industry RankSector Rank
ROA 3.12%
ROE 7.83%
ROCE 8.6%
ROIC 6.24%
ROICexc 6.67%
ROICexgc 91.9%
OM 26.73%
PM (TTM) 11.53%
GM 55.93%
FCFM 18.93%
ROA(3y)2.8%
ROA(5y)2.67%
ROE(3y)7.28%
ROE(5y)7.36%
ROIC(3y)6.13%
ROIC(5y)5.97%
ROICexc(3y)6.54%
ROICexc(5y)6.37%
ROICexgc(3y)88.01%
ROICexgc(5y)80.35%
ROCE(3y)8.45%
ROCE(5y)8.23%
ROICexgc growth 3Y9.81%
ROICexgc growth 5Y12.22%
ROICexc growth 3Y2.06%
ROICexc growth 5Y6.07%
OM growth 3Y1.96%
OM growth 5Y0.34%
PM growth 3Y3.72%
PM growth 5Y30.92%
GM growth 3Y0.88%
GM growth 5Y-0.76%
F-Score8
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Debt/EBITDA 3.35
Cap/Depr 64.69%
Cap/Sales 6.16%
Interest Coverage 4.74
Cash Conversion 69.2%
Profit Quality 164.21%
Current Ratio 0.72
Quick Ratio 0.57
Altman-Z 1.74
F-Score8
WACC6.17%
ROIC/WACC1.01
Cap/Depr(3y)73.36%
Cap/Depr(5y)86.67%
Cap/Sales(3y)6.81%
Cap/Sales(5y)7.95%
Profit Quality(3y)172.3%
Profit Quality(5y)169.87%
High Growth Momentum
Growth
EPS 1Y (TTM)6.27%
EPS 3Y5.8%
EPS 5Y14.2%
EPS Q2Q%7.95%
EPS Next Y16.01%
EPS Next 2Y14.18%
EPS Next 3Y13.09%
EPS Next 5Y13.29%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%
Revenue Next Year7.07%
Revenue Next 2Y5.42%
Revenue Next 3Y4.84%
Revenue Next 5Y4.9%
EBIT growth 1Y2.54%
EBIT growth 3Y2.85%
EBIT growth 5Y5.18%
EBIT Next Year45.03%
EBIT Next 3Y16.86%
EBIT Next 5Y12.12%
FCF growth 1Y0.31%
FCF growth 3Y11.32%
FCF growth 5Y9.57%
OCF growth 1Y-1.14%
OCF growth 3Y3.82%
OCF growth 5Y6.44%

ANHEUSER-BUSCH INBEV SA/NV / ABI.BR Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) stock?

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


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

ChartMill assigns a valuation rating of 5 / 10 to ANHEUSER-BUSCH INBEV SA/NV (ABI.BR). This can be considered as Fairly Valued.


Can you provide the profitability details for ANHEUSER-BUSCH INBEV SA/NV?

ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) has a profitability rating of 6 / 10.


What is the valuation of ANHEUSER-BUSCH INBEV SA/NV based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) is 18.42 and the Price/Book (PB) ratio is 1.53.


How financially healthy is ANHEUSER-BUSCH INBEV SA/NV?

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