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

EBR:ABI • BE0974293251

Current stock price

62.11 EUR
-0.05 (-0.08%)
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

  • ABI had positive earnings in the past year.
  • ABI had a positive operating cash flow in the past year.
  • In the past 5 years ABI has always been profitable.
  • Each year in the past 5 years ABI had a positive operating cash flow.
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

  • With a Return On Assets value of 3.12%, ABI is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
  • The Return On Equity of ABI (7.83%) is worse than 60.71% of its industry peers.
  • ABI has a Return On Invested Capital of 6.24%. This is comparable to the rest of the industry: ABI outperforms 50.00% 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 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

  • Looking at the Profit Margin, with a value of 11.53%, ABI is in the better half of the industry, outperforming 67.86% of the companies in the same industry.
  • ABI's Profit Margin has improved in the last couple of years.
  • The Operating Margin of ABI (26.73%) is better than 85.71% of its industry peers.
  • In the last couple of years the Operating Margin of ABI has remained more or less at the same level.
  • ABI's Gross Margin of 55.93% is fine compared to the rest of the industry. ABI outperforms 64.29% of its industry peers.
  • ABI's Gross Margin has been stable in the last couple of years.
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

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3

2. ABI.BR Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ABI is destroying value.
  • The number of shares outstanding for ABI has been reduced compared to 1 year ago.
  • ABI has less shares outstanding than it did 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

  • ABI has an Altman-Z score of 1.73. This is a bad value and indicates that ABI is not financially healthy and even has some risk of bankruptcy.
  • ABI's Altman-Z score of 1.73 is on the low side compared to the rest of the industry. ABI is outperformed by 60.71% 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.
  • ABI has a Debt to FCF ratio of 6.50. This is in the better half of the industry: ABI outperforms 75.00% of its industry peers.
  • ABI has a Debt/Equity ratio of 0.83. This is a neutral value indicating ABI is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.83, ABI is in line with its industry, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Altman-Z 1.73
ROIC/WACC1
WACC6.26%
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 has a worse Current ratio (0.72) than 89.29% of its industry peers.
  • A Quick Ratio of 0.57 indicates that ABI may have some problems paying its short term obligations.
  • ABI's Quick ratio of 0.57 is on the low side compared to the rest of the industry. ABI is outperformed by 67.86% of its industry peers.
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

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

4

3. ABI.BR Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.27% over the past year.
  • The Earnings Per Share has been growing by 14.20% on average over the past years. This is quite good.
  • ABI shows a decrease in Revenue. In the last year, the revenue decreased by -0.75%.
  • The Revenue has been growing slightly by 4.82% on average over the past years.
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

  • The Earnings Per Share is expected to grow by 12.79% on average over the next years. This is quite good.
  • Based on estimates for the next years, ABI will show a small growth in Revenue. The Revenue will grow by 4.78% on average per year.
EPS Next Y15.46%
EPS Next 2Y13.89%
EPS Next 3Y12.89%
EPS Next 5Y12.79%
Revenue Next Year6.91%
Revenue Next 2Y5.28%
Revenue Next 3Y4.74%
Revenue Next 5Y4.78%

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 stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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

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5

4. ABI.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 19.53, the valuation of ABI can be described as rather expensive.
  • ABI's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.42. ABI is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 16.89 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.
  • When comparing the Price/Forward Earnings ratio of ABI to the average of the S&P500 Index (22.29), we can say ABI is valued slightly cheaper.
Industry RankSector Rank
PE 19.53
Fwd PE 16.89
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 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ABI indicates a somewhat cheap valuation: ABI is cheaper than 71.43% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, ABI is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.64
EV/EBITDA 8.91
ABI.BR Per share dataABI.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of ABI may justify a higher PE ratio.
  • ABI's earnings are expected to grow with 12.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.26
PEG (5Y)1.38
EPS Next 2Y13.89%
EPS Next 3Y12.89%

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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%

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ABI.BR Fundamentals: All Metrics, Ratios and Statistics

ANHEUSER-BUSCH INBEV SA/NV

EBR:ABI (4/27/2026, 9:40:08 AM)

62.11

-0.05 (-0.08%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners21.17%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap111.62B
Revenue(TTM)59.32B
Net Income(TTM)6.84B
Analysts80.61
Price Target75.78 (22.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend1.98
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)1.4%
PT rev (3m)10.35%
EPS NQ rev (1m)-4.98%
EPS NQ rev (3m)0.79%
EPS NY rev (1m)-0.47%
EPS NY rev (3m)0.95%
Revenue NQ rev (1m)-0.99%
Revenue NQ rev (3m)0.22%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)1%
Valuation
Industry RankSector Rank
PE 19.53
Fwd PE 16.89
P/S 2.2
P/FCF 11.64
P/OCF 8.78
P/B 1.5
P/tB N/A
EV/EBITDA 8.91
EPS(TTM)3.18
EY5.12%
EPS(NY)3.68
Fwd EY5.92%
FCF(TTM)5.33
FCFY8.59%
OCF(TTM)7.07
OCFY11.38%
SpS28.18
BVpS41.47
TBVpS-34.49
PEG (NY)1.26
PEG (5Y)1.38
Graham Number54.4711 (-12.3%)
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 1.73
F-Score8
WACC6.26%
ROIC/WACC1
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 Y15.46%
EPS Next 2Y13.89%
EPS Next 3Y12.89%
EPS Next 5Y12.79%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%
Revenue Next Year6.91%
Revenue Next 2Y5.28%
Revenue Next 3Y4.74%
Revenue Next 5Y4.78%
EBIT growth 1Y2.54%
EBIT growth 3Y2.85%
EBIT growth 5Y5.18%
EBIT Next Year44.73%
EBIT Next 3Y16.82%
EBIT Next 5Y11.9%
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.


What is the profitability of ABI stock?

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


What is the expected EPS growth for ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) stock?

The Earnings per Share (EPS) of ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) is expected to grow by 15.46% in the next year.


Is the dividend of ANHEUSER-BUSCH INBEV SA/NV sustainable?

The dividend rating of ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) is 0 / 10 and the dividend payout ratio is 66.45%.