ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) Stock Fundamental Analysis
Europe - EBR:ABI - BE0974293251 - Common Stock
49.79 EUR
-0.69 (-1.37%)
Overall ABI gets a fundamental rating of 4 out of 10. We evaluated ABI against 23 industry peers in the Beverages industry. ABI has a medium profitability rating, but doesn't score so well on its financial health evaluation. ABI is not valued too expensively and it also shows a decent 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.
In the past 5 years ABI always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.37%, ABI is in line with its industry, outperforming 52.17% of the companies in the same industry.
ABI has a Return On Equity of 8.82%. This is in the better half of the industry: ABI outperforms 60.87% of its industry peers.
ABI's Return On Invested Capital of 6.35% is in line compared to the rest of the industry. ABI outperforms 52.17% 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 7.41%.
The 3 year average ROIC (6.05%) for ABI is below the current ROIC(6.35%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 12.16%, ABI belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.
In the last couple of years the Profit Margin of ABI has declined.
The Operating Margin of ABI (26.51%) is better than 91.30% of its industry peers.
ABI's Operating Margin has declined in the last couple of years.
The Gross Margin of ABI (55.70%) is better than 65.22% of its industry peers.
ABI'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
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.
ABI has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.66, we must say that ABI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of ABI (1.66) is worse than 73.91% 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.
ABI has a better Debt to FCF ratio (6.48) than 82.61% of its industry peers.
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 (0.89) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.66 |
ROIC/WACC1.06
WACC5.97%
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 86.96% of its industry peers.
ABI has a Quick Ratio of 0.64. This is a bad value and indicates that ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.48, ABI is not doing good in the industry: 69.57% 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
ABI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.61%, which is quite good.
Measured over the past years, ABI shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.83% on average per year.
Looking at the last year, ABI shows a decrease in Revenue. The Revenue has decreased by -2.35% in the last year.
Measured over the past years, ABI 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
ABI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.15% yearly.
ABI 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 Year1.22%
Revenue Next 2Y3.11%
Revenue Next 3Y3.98%
Revenue Next 5Y4.34%
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
ABI is valuated correctly with a Price/Earnings ratio of 16.01.
ABI's Price/Earnings ratio is a bit cheaper when compared to the industry. ABI is cheaper than 65.22% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.41, ABI is valued a bit cheaper.
ABI is valuated correctly with a Price/Forward Earnings ratio of 13.88.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ABI is on the same level as its industry peers.
ABI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.01 | ||
| Fwd PE | 13.88 |
4.2 Price Multiples
69.57% of the companies in the same industry are more expensive than ABI, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ABI is valued a bit cheaper than 69.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.71 | ||
| EV/EBITDA | 8.63 |
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.
The decent profitability rating of ABI may justify a higher PE 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)2.22
PEG (5Y)N/A
EPS Next 2Y9.53%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
ABI has a Yearly Dividend Yield of 1.40%.
Compared to an average industry Dividend Yield of 2.93, ABI is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.38, ABI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.4% |
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
51.68% of the earnings are spent on dividend by ABI. This is a bit on the high side, but may be sustainable.
DP51.68%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
EBR:ABI (9/22/2025, 5:36:15 PM)
49.79
-0.69 (-1.37%)
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 Cap96.50B
Analysts82.5
Price Target69.23 (39.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.4% |
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)-4.69%
PT rev (3m)-5.14%
EPS NQ rev (1m)0.08%
EPS NQ rev (3m)4.11%
EPS NY rev (1m)0%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)-0.42%
Revenue NQ rev (3m)2.74%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.01 | ||
| Fwd PE | 13.88 | ||
| P/S | 1.94 | ||
| P/FCF | 9.71 | ||
| P/OCF | 7.46 | ||
| P/B | 1.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.63 |
EPS(TTM)3.11
EY6.25%
EPS(NY)3.59
Fwd EY7.21%
FCF(TTM)5.13
FCFY10.29%
OCF(TTM)6.68
OCFY13.41%
SpS25.73
BVpS35.47
TBVpS-33.06
PEG (NY)2.22
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 | 1.66 |
F-Score7
WACC5.97%
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 Year1.22%
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%