ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) Stock Fundamental Analysis
EBR:ABI - BE0974293251 - Common Stock
51.94 EUR
-0.6 (-1.14%)
ABI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 25 industry peers in the Beverages industry. ABI has a medium profitability rating, but doesn't score so well on its financial health evaluation. ABI has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years ABI had a positive operating cash flow.
1.2 Ratios
ABI has a Return On Assets of 3.37%. This is comparable to the rest of the industry: ABI outperforms 52.00% of its industry peers.
ABI's Return On Equity of 8.82% is in line compared to the rest of the industry. ABI outperforms 56.00% of its industry peers.
ABI has a Return On Invested Capital (6.35%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for ABI is in line with the industry average of 7.82%.
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
With an excellent Profit Margin value of 12.16%, ABI belongs to the best of the industry, outperforming 84.00% of the companies in the same industry.
ABI's Profit Margin has declined in the last couple of years.
ABI has a better Operating Margin (26.51%) than 88.00% 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 68.00% 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.
Compared to 1 year ago, ABI has less shares outstanding
Compared to 5 years ago, ABI has more shares outstanding
The debt/assets ratio for ABI has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.68, we must say that ABI is in the distress zone and has some risk of bankruptcy.
ABI has a worse Altman-Z score (1.68) than 76.00% of its industry peers.
ABI has a debt to FCF ratio of 6.48. This is a slightly negative value and a sign of low solvency as ABI would need 6.48 years to pay back of all of its debts.
The Debt to FCF ratio of ABI (6.48) is better than 84.00% 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.
The Debt to Equity ratio of ABI (0.89) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.68 |
ROIC/WACC1.05
WACC6.02%
2.3 Liquidity
A Current Ratio of 0.64 indicates that ABI may have some problems paying its short term obligations.
The Current ratio of ABI (0.64) is worse than 84.00% of its industry peers.
A Quick Ratio of 0.48 indicates that ABI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.48, ABI is doing worse than 68.00% of the companies in the same industry.
| 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.
The Earnings Per Share has been decreasing by -1.83% on average over the past years.
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
The Earnings Per Share is expected to grow by 12.24% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.36% on average over the next years.
EPS Next Y7.22%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
EPS Next 5Y12.24%
Revenue Next Year1.21%
Revenue Next 2Y3.11%
Revenue Next 3Y3.98%
Revenue Next 5Y4.36%
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 16.59, ABI is valued correctly.
Based on the Price/Earnings ratio, ABI is valued a bit cheaper than 76.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of ABI to the average of the S&P500 Index (26.90), we can say ABI is valued slightly cheaper.
With a Price/Forward Earnings ratio of 14.36, ABI is valued correctly.
72.00% of the companies in the same industry are more expensive than ABI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of ABI to the average of the S&P500 Index (22.52), we can say ABI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.59 | ||
| Fwd PE | 14.36 |
4.2 Price Multiples
68.00% of the companies in the same industry are more expensive than ABI, based on the Enterprise Value to EBITDA ratio.
ABI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ABI is cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.06 | ||
| EV/EBITDA | 8.81 |
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)2.3
PEG (5Y)N/A
EPS Next 2Y9.53%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.30%, ABI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.76, ABI's dividend is way lower than its industry peers. On top of this 80.00% of the companies listed in the same industry pay a better dividend than ABI!
Compared to an average S&P500 Dividend Yield of 2.32, ABI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
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 2Y9.53%
EPS Next 3Y12.23%
EBR:ABI (9/3/2025, 2:29:51 PM)
51.94
-0.6 (-1.14%)
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 Cap100.67B
Analysts83.75
Price Target70.01 (34.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
Yearly Dividend1.16
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)-5.21%
PT rev (3m)-1.85%
EPS NQ rev (1m)-2.72%
EPS NQ rev (3m)4.24%
EPS NY rev (1m)2.97%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)-0.9%
Revenue NQ rev (3m)2.75%
Revenue NY rev (1m)-0.93%
Revenue NY rev (3m)-0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.59 | ||
| Fwd PE | 14.36 | ||
| P/S | 2 | ||
| P/FCF | 10.06 | ||
| P/OCF | 7.72 | ||
| P/B | 1.45 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.81 |
EPS(TTM)3.13
EY6.03%
EPS(NY)3.62
Fwd EY6.96%
FCF(TTM)5.17
FCFY9.94%
OCF(TTM)6.73
OCFY12.96%
SpS25.93
BVpS35.74
TBVpS-33.32
PEG (NY)2.3
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 | 1.68 |
F-Score7
WACC6.02%
ROIC/WACC1.05
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 5Y12.24%
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 5Y4.36%
EBIT growth 1Y2.99%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.75%
EBIT Next 3Y17.25%
EBIT Next 5Y12.37%
FCF growth 1Y56.54%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y19.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%