ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) Stock Fundamental Analysis
Europe - EBR:ABI - BE0974293251 - Common Stock
51.58 EUR
+0.36 (+0.7%)
Taking everything into account, ABI scores 4 out of 10 in our fundamental rating. ABI was compared to 29 industry peers in the Beverages industry. While ABI is still in line with the averages on profitability rating, there are concerns on its financial health. ABI has a correct valuation and a medium growth rate.
1. Profitability
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.
ABI 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%, ABI perfoms like the industry average, outperforming 41.38% of the companies in the same industry.
The Return On Equity of ABI (8.82%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 6.35%, ABI is in line with its industry, outperforming 44.83% of the companies in the same industry.
ABI had an Average Return On Invested Capital over the past 3 years of 6.05%. This is below the industry average of 8.16%.
The last Return On Invested Capital (6.35%) for ABI 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
ABI has a Profit Margin of 12.16%. This is in the better half of the industry: ABI outperforms 72.41% of its industry peers.
ABI's Profit Margin has declined in the last couple of years.
ABI has a better Operating Margin (26.51%) than 79.31% of its industry peers.
In the last couple of years the Operating Margin of ABI has declined.
ABI has a better Gross Margin (55.70%) than 65.52% of its industry peers.
In the last couple of years the Gross Margin of ABI 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), ABI is 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 increased compared to 5 years ago.
Compared to 1 year ago, ABI has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.67, we must say that ABI is in the distress zone and has some risk of bankruptcy.
ABI has a worse Altman-Z score (1.67) than 72.41% of its industry peers.
The Debt to FCF ratio of ABI is 6.48, which is on the high side as it means it would take ABI, 6.48 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 6.48, ABI is doing good in the industry, outperforming 72.41% of the companies in the same industry.
ABI has a Debt/Equity ratio of 0.89. This is a neutral value indicating ABI is somewhat dependend on debt financing.
ABI has a Debt to Equity ratio of 0.89. This is in the lower half of the industry: ABI underperforms 62.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.67 |
ROIC/WACC1.06
WACC6.01%
2.3 Liquidity
A Current Ratio of 0.64 indicates that ABI may have some problems paying its short term obligations.
ABI's Current ratio of 0.64 is on the low side compared to the rest of the industry. ABI is outperformed by 86.21% of its industry peers.
A Quick Ratio of 0.48 indicates that ABI may have some problems paying its short term obligations.
ABI has a worse Quick ratio (0.48) than 72.41% of its industry peers.
| 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.
ABI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.83% yearly.
The Revenue has decreased by -2.35% in the past year.
ABI 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
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 16.37 indicates a correct valuation of ABI.
62.07% of the companies in the same industry are more expensive than ABI, based on the Price/Earnings ratio.
ABI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.34, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 14.17 indicates a correct valuation of ABI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ABI is on the same level as its industry peers.
ABI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.37 | ||
| Fwd PE | 14.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ABI is valued a bit cheaper than the industry average as 72.41% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ABI is valued a bit cheaper than the industry average as 72.41% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.99 | ||
| EV/EBITDA | 8.67 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ABI does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as ABI's earnings are expected to grow with 12.23% in the coming years.
PEG (NY)2.21
PEG (5Y)N/A
EPS Next 2Y9.55%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
ABI has a Yearly Dividend Yield of 1.37%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.83, ABI is paying slightly less dividend.
With a Dividend Yield of 1.37, ABI pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
5.2 History
The dividend of ABI decreases each year by -12.03%.
Dividend Growth(5Y)-12.03%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
ABI 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%
EBR:ABI (10/14/2025, 1:20:19 PM)
51.58
+0.36 (+0.7%)
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 Cap100.72B
Analysts83.13
Price Target68.57 (32.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
Yearly Dividend1.17
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)-2.07%
PT rev (3m)-6.05%
EPS NQ rev (1m)-0.2%
EPS NQ rev (3m)-2.51%
EPS NY rev (1m)0.17%
EPS NY rev (3m)3.14%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)-0.88%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.37 | ||
| Fwd PE | 14.17 | ||
| P/S | 1.99 | ||
| P/FCF | 9.99 | ||
| P/OCF | 7.67 | ||
| P/B | 1.44 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.67 |
EPS(TTM)3.15
EY6.11%
EPS(NY)3.64
Fwd EY7.06%
FCF(TTM)5.16
FCFY10.01%
OCF(TTM)6.72
OCFY13.04%
SpS25.9
BVpS35.71
TBVpS-33.29
PEG (NY)2.21
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
WACC6.01%
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%