ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) Stock Fundamental Analysis
BIT:1ABI - Euronext Milan - BE0974293251 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to 1ABI. 1ABI was compared to 26 industry peers in the Beverages industry. 1ABI has a medium profitability rating, but doesn't score so well on its financial health evaluation. 1ABI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year 1ABI was profitable.
In the past year 1ABI had a positive cash flow from operations.
In the past 5 years 1ABI has always been profitable.
In the past 5 years 1ABI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of 1ABI (2.81%) is comparable to the rest of the industry.
The Return On Equity of 1ABI (7.55%) is comparable to the rest of the industry.
1ABI's Return On Invested Capital of 6.49% is in line compared to the rest of the industry. 1ABI outperforms 50.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 1ABI is below the industry average of 8.22%.
The last Return On Invested Capital (6.49%) for 1ABI is above the 3 year average (6.15%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.81% | ||
| ROE | 7.55% | ||
| ROIC | 6.49% |
ROA(3y)2.46%
ROA(5y)2.38%
ROE(3y)7.15%
ROE(5y)7.13%
ROIC(3y)6.15%
ROIC(5y)5.9%
1.3 Margins
1ABI has a better Profit Margin (9.89%) than 62.50% of its industry peers.
1ABI's Profit Margin has improved in the last couple of years.
1ABI's Operating Margin of 25.14% is fine compared to the rest of the industry. 1ABI outperforms 70.83% of its industry peers.
In the last couple of years the Operating Margin of 1ABI has declined.
Looking at the Gross Margin, with a value of 54.48%, 1ABI is in line with its industry, outperforming 54.17% of the companies in the same industry.
In the last couple of years the Gross Margin of 1ABI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.14% | ||
| PM (TTM) | 9.89% | ||
| GM | 54.48% |
OM growth 3Y-2.27%
OM growth 5Y-5.36%
PM growth 3Y44.25%
PM growth 5Y1.77%
GM growth 3Y-2.5%
GM growth 5Y-2.91%
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.
The number of shares outstanding for 1ABI remains at a similar level compared to 1 year ago.
The number of shares outstanding for 1ABI has been increased compared to 5 years ago.
1ABI has a better debt/assets ratio than last year.
2.2 Solvency
1ABI has an Altman-Z score of 1.59. This is a bad value and indicates that 1ABI is not financially healthy and even has some risk of bankruptcy.
1ABI has a worse Altman-Z score (1.59) than 83.33% of its industry peers.
1ABI has a debt to FCF ratio of 7.84. This is a slightly negative value and a sign of low solvency as 1ABI would need 7.84 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.84, 1ABI is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
1ABI has a Debt/Equity ratio of 0.97. This is a neutral value indicating 1ABI is somewhat dependend on debt financing.
The Debt to Equity ratio of 1ABI (0.97) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 7.84 | ||
| Altman-Z | 1.59 |
ROIC/WACC1.11
WACC5.86%
2.3 Liquidity
A Current Ratio of 0.69 indicates that 1ABI may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.69, 1ABI is doing worse than 87.50% of the companies in the same industry.
1ABI has a Quick Ratio of 0.69. This is a bad value and indicates that 1ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.51, 1ABI is doing worse than 70.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.48% over the past year.
Measured over the past years, 1ABI shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.43% on average per year.
1ABI shows a decrease in Revenue. In the last year, the revenue decreased by -0.30%.
The Revenue has been growing slightly by 2.28% on average over the past years.
EPS 1Y (TTM)7.48%
EPS 3Y16.68%
EPS 5Y-2.43%
EPS Q2Q%13.95%
Revenue 1Y (TTM)-0.3%
Revenue growth 3Y8.2%
Revenue growth 5Y2.28%
Sales Q2Q%-3.39%
3.2 Future
Based on estimates for the next years, 1ABI will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.37% on average per year.
Based on estimates for the next years, 1ABI will show a small growth in Revenue. The Revenue will grow by 3.04% on average per year.
EPS Next Y10.17%
EPS Next 2Y7.93%
EPS Next 3Y9.74%
EPS Next 5Y12.37%
Revenue Next Year-1.95%
Revenue Next 2Y-0.64%
Revenue Next 3Y1.1%
Revenue Next 5Y3.04%
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.
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
Based on the Price/Earnings ratio of 15.23, the valuation of 1ABI can be described as correct.
83.33% of the companies in the same industry are more expensive than 1ABI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 29.63, 1ABI is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 14.80, the valuation of 1ABI can be described as correct.
Based on the Price/Forward Earnings ratio, 1ABI is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.68. 1ABI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.23 | ||
| Fwd PE | 14.8 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 1ABI is valued a bit cheaper than the industry average as 70.83% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, 1ABI is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.34 | ||
| EV/EBITDA | 8.28 |
4.3 Compensation for Growth
1ABI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.5
PEG (5Y)N/A
EPS Next 2Y7.93%
EPS Next 3Y9.74%
5. Dividend
5.1 Amount
1ABI has a Yearly Dividend Yield of 1.13%.
With a Dividend Yield of 1.13, 1ABI pays less dividend than the industry average, which is at 2.70. 83.33% of the companies listed in the same industry pay a better dividend than 1ABI!
With a Dividend Yield of 1.13, 1ABI pays less dividend than the S&P500 average, which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
The dividend of 1ABI decreases each year by -17.56%.
Dividend Growth(5Y)-17.56%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
1ABI pays out 54.53% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP54.53%
EPS Next 2Y7.93%
EPS Next 3Y9.74%
BIT:1ABI (2/12/2025, 7:00:00 PM)
50.26
+1.31 (+2.68%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners17.94%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap98.56B
Analysts80
Price Target67.62 (34.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Yearly Dividend1.52
Dividend Growth(5Y)-17.56%
DP54.53%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.56%
Min EPS beat(2)4.3%
Max EPS beat(2)10.83%
EPS beat(4)4
Avg EPS beat(4)5.47%
Min EPS beat(4)1.97%
Max EPS beat(4)10.83%
EPS beat(8)8
Avg EPS beat(8)8.38%
EPS beat(12)10
Avg EPS beat(12)8.75%
EPS beat(16)12
Avg EPS beat(16)5.85%
Revenue beat(2)1
Avg Revenue beat(2)-0.24%
Min Revenue beat(2)-1.31%
Max Revenue beat(2)0.82%
Revenue beat(4)1
Avg Revenue beat(4)-2.53%
Min Revenue beat(4)-7.51%
Max Revenue beat(4)0.82%
Revenue beat(8)1
Avg Revenue beat(8)-2.34%
Revenue beat(12)5
Avg Revenue beat(12)-1.01%
Revenue beat(16)8
Avg Revenue beat(16)0.06%
PT rev (1m)-2.38%
PT rev (3m)-3.62%
EPS NQ rev (1m)-0.59%
EPS NQ rev (3m)-0.59%
EPS NY rev (1m)-0.83%
EPS NY rev (3m)-0.83%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-0.37%
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-2.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.23 | ||
| Fwd PE | 14.8 | ||
| P/S | 1.72 | ||
| P/FCF | 10.34 | ||
| P/OCF | 7.24 | ||
| P/B | 1.31 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.28 |
EPS(TTM)3.3
EY6.57%
EPS(NY)3.4
Fwd EY6.76%
FCF(TTM)4.86
FCFY9.67%
OCF(TTM)6.94
OCFY13.8%
SpS29.2
BVpS38.26
TBVpS-36.86
PEG (NY)1.5
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.81% | ||
| ROE | 7.55% | ||
| ROCE | 8.36% | ||
| ROIC | 6.49% | ||
| ROICexc | 6.78% | ||
| ROICexgc | 63.66% | ||
| OM | 25.14% | ||
| PM (TTM) | 9.89% | ||
| GM | 54.48% | ||
| FCFM | 16.64% |
ROA(3y)2.46%
ROA(5y)2.38%
ROE(3y)7.15%
ROE(5y)7.13%
ROIC(3y)6.15%
ROIC(5y)5.9%
ROICexc(3y)6.54%
ROICexc(5y)6.27%
ROICexgc(3y)76.95%
ROICexgc(5y)66.93%
ROCE(3y)7.92%
ROCE(5y)7.63%
ROICexcg growth 3Y15.24%
ROICexcg growth 5Y-1.1%
ROICexc growth 3Y7.38%
ROICexc growth 5Y-0.9%
OM growth 3Y-2.27%
OM growth 5Y-5.36%
PM growth 3Y44.25%
PM growth 5Y1.77%
GM growth 3Y-2.5%
GM growth 5Y-2.91%
F-Score7
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 7.84 | ||
| Debt/EBITDA | 3.68 | ||
| Cap/Depr | 76.77% | ||
| Cap/Sales | 7.12% | ||
| Interest Coverage | 4.24 | ||
| Cash Conversion | 69.03% | ||
| Profit Quality | 168.21% | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 1.59 |
F-Score7
WACC5.86%
ROIC/WACC1.11
Cap/Depr(3y)99.66%
Cap/Depr(5y)97.67%
Cap/Sales(3y)9.04%
Cap/Sales(5y)9.02%
Profit Quality(3y)164.66%
Profit Quality(5y)219.33%
High Growth Momentum
Growth
EPS 1Y (TTM)7.48%
EPS 3Y16.68%
EPS 5Y-2.43%
EPS Q2Q%13.95%
EPS Next Y10.17%
EPS Next 2Y7.93%
EPS Next 3Y9.74%
EPS Next 5Y12.37%
Revenue 1Y (TTM)-0.3%
Revenue growth 3Y8.2%
Revenue growth 5Y2.28%
Sales Q2Q%-3.39%
Revenue Next Year-1.95%
Revenue Next 2Y-0.64%
Revenue Next 3Y1.1%
Revenue Next 5Y3.04%
EBIT growth 1Y2.25%
EBIT growth 3Y5.74%
EBIT growth 5Y-3.2%
EBIT Next Year39.94%
EBIT Next 3Y14.48%
EBIT Next 5Y12.76%
FCF growth 1Y31.63%
FCF growth 3Y6.66%
FCF growth 5Y-1.23%
OCF growth 1Y9.16%
OCF growth 3Y6.79%
OCF growth 5Y-1.33%