ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) Stock Fundamental Analysis
Europe - BIT:1ABI - BE0974293251 - Common Stock
52.68 EUR
+1.48 (+2.89%)
Overall 1ABI gets a fundamental rating of 4 out of 10. We evaluated 1ABI against 29 industry peers in the Beverages industry. While 1ABI is still in line with the averages on profitability rating, there are concerns on its financial health. 1ABI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year 1ABI was profitable.
1ABI had a positive operating cash flow in the past year.
1ABI had positive earnings in each of the past 5 years.
1ABI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.37%, 1ABI is in line with its industry, outperforming 44.83% of the companies in the same industry.
The Return On Equity of 1ABI (8.82%) is comparable to the rest of the industry.
1ABI has a Return On Invested Capital (6.35%) which is in line with its industry peers.
1ABI 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 1ABI 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
1ABI's Profit Margin of 12.16% is fine compared to the rest of the industry. 1ABI outperforms 75.86% of its industry peers.
In the last couple of years the Profit Margin of 1ABI has declined.
1ABI has a Operating Margin of 26.51%. This is amongst the best in the industry. 1ABI outperforms 82.76% of its industry peers.
1ABI's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 55.70%, 1ABI is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
1ABI'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
1ABI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
1ABI has less shares outstanding than it did 1 year ago.
The number of shares outstanding for 1ABI has been increased compared to 5 years ago.
Compared to 1 year ago, 1ABI has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.68, we must say that 1ABI is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.68, 1ABI is doing worse than 75.86% of the companies in the same industry.
1ABI has a debt to FCF ratio of 6.48. This is a slightly negative value and a sign of low solvency as 1ABI would need 6.48 years to pay back of all of its debts.
1ABI has a better Debt to FCF ratio (6.48) than 75.86% of its industry peers.
1ABI has a Debt/Equity ratio of 0.89. This is a neutral value indicating 1ABI is somewhat dependend on debt financing.
The Debt to Equity ratio of 1ABI (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
WACC6.03%
2.3 Liquidity
1ABI has a Current Ratio of 0.64. This is a bad value and indicates that 1ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
1ABI has a Current ratio of 0.64. This is amonst the worse of the industry: 1ABI underperforms 82.76% of its industry peers.
1ABI has a Quick Ratio of 0.64. This is a bad value and indicates that 1ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.48, 1ABI is not doing good in the industry: 68.97% 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
The Earnings Per Share has grown by an nice 9.61% over the past year.
The Earnings Per Share has been decreasing by -1.83% on average over the past years.
1ABI shows a decrease in Revenue. In the last year, the revenue decreased by -2.35%.
The Revenue has been growing slightly by 2.69% on average over the past years.
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
1ABI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.15% yearly.
The Revenue is expected to grow by 4.34% on average over the next years.
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
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 16.83, 1ABI is valued correctly.
65.52% of the companies in the same industry are more expensive than 1ABI, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.40. 1ABI is valued slightly cheaper when compared to this.
1ABI is valuated correctly with a Price/Forward Earnings ratio of 14.57.
Based on the Price/Forward Earnings ratio, 1ABI is valued a bit cheaper than the industry average as 62.07% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, 1ABI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.83 | ||
| Fwd PE | 14.57 |
4.2 Price Multiples
1ABI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. 1ABI is cheaper than 75.86% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1ABI indicates a somewhat cheap valuation: 1ABI is cheaper than 75.86% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.2 | ||
| EV/EBITDA | 8.82 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
1ABI's earnings are expected to grow with 12.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.33
PEG (5Y)N/A
EPS Next 2Y9.53%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
1ABI has a Yearly Dividend Yield of 1.40%.
1ABI's Dividend Yield is slightly below the industry average, which is at 2.83.
With a Dividend Yield of 1.40, 1ABI pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.4% |
5.2 History
The dividend of 1ABI decreases each year by -12.03%.
Dividend Growth(5Y)-12.03%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
51.68% of the earnings are spent on dividend by 1ABI. This is a bit on the high side, but may be sustainable.
DP51.68%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
BIT:1ABI (10/16/2025, 7:00:00 PM)
52.68
+1.48 (+2.89%)
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 Cap102.10B
Analysts82.5
Price Target69.51 (31.95%)
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 Years0
Div Non Decr Years0
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)-4.2%
PT rev (3m)-3.79%
EPS NQ rev (1m)-2.31%
EPS NQ rev (3m)4.11%
EPS NY rev (1m)2.97%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)-0.68%
Revenue NQ rev (3m)2.74%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)-0.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.83 | ||
| Fwd PE | 14.57 | ||
| P/S | 2.03 | ||
| P/FCF | 10.2 | ||
| P/OCF | 7.83 | ||
| P/B | 1.47 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.82 |
EPS(TTM)3.13
EY5.94%
EPS(NY)3.61
Fwd EY6.86%
FCF(TTM)5.16
FCFY9.8%
OCF(TTM)6.73
OCFY12.77%
SpS25.92
BVpS35.73
TBVpS-33.31
PEG (NY)2.33
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
WACC6.03%
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 5Y12.15%
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%