ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) Stock Fundamental Analysis
Europe - BIT:1ABI - BE0974293251 - Common Stock
50.06 EUR
-3.68 (-6.85%)
1ABI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 27 industry peers in the Beverages industry. 1ABI has a medium profitability rating, but doesn't score so well on its financial health evaluation. 1ABI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
1ABI had positive earnings in the past year.
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
1ABI has a Return On Assets (3.37%) which is comparable to the rest of the industry.
1ABI has a Return On Equity of 8.82%. This is comparable to the rest of the industry: 1ABI outperforms 51.85% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.35%, 1ABI is in line with its industry, outperforming 40.74% of the companies in the same industry.
1ABI had an Average Return On Invested Capital over the past 3 years of 6.05%. This is below the industry average of 8.63%.
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 has a Profit Margin of 12.16%. This is in the better half of the industry: 1ABI outperforms 77.78% of its industry peers.
1ABI's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 26.51%, 1ABI is doing good in the industry, outperforming 77.78% of the companies in the same industry.
1ABI's Operating Margin has declined in the last couple of years.
1ABI has a better Gross Margin (55.70%) than 66.67% of its industry peers.
In the last couple of years the Gross Margin of 1ABI has declined.
| 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), 1ABI is creating some value.
Compared to 1 year ago, 1ABI has less shares outstanding
Compared to 5 years ago, 1ABI has more shares outstanding
The debt/assets ratio for 1ABI has been reduced compared to a year ago.
2.2 Solvency
1ABI has an Altman-Z score of 1.66. This is a bad value and indicates that 1ABI is not financially healthy and even has some risk of bankruptcy.
1ABI's Altman-Z score of 1.66 is on the low side compared to the rest of the industry. 1ABI is outperformed by 70.37% of its industry peers.
The Debt to FCF ratio of 1ABI is 6.48, which is on the high side as it means it would take 1ABI, 6.48 years of fcf income to pay off all of its debts.
1ABI has a better Debt to FCF ratio (6.48) than 74.07% of its industry peers.
A Debt/Equity ratio of 0.89 indicates that 1ABI is somewhat dependend on debt financing.
1ABI has a Debt to Equity ratio of 0.89. This is comparable to the rest of the industry: 1ABI outperforms 48.15% of 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
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's Current ratio of 0.64 is on the low side compared to the rest of the industry. 1ABI is outperformed by 88.89% of its industry peers.
A Quick Ratio of 0.48 indicates that 1ABI may have some problems paying its short term obligations.
The Quick ratio of 1ABI (0.48) is worse than 74.07% of its industry peers.
| 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.
Measured over the past years, 1ABI shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.83% on average per year.
1ABI shows a decrease in Revenue. In the last year, the revenue decreased by -2.35%.
1ABI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.69% yearly.
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
Based on estimates for the next years, 1ABI will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.15% on average per year.
1ABI 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 Year1.21%
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.
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
A Price/Earnings ratio of 16.15 indicates a correct valuation of 1ABI.
Based on the Price/Earnings ratio, 1ABI is valued a bit cheaper than the industry average as 62.96% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of 1ABI to the average of the S&P500 Index (27.27), we can say 1ABI is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 13.99, 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 62.96% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.77, 1ABI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.15 | ||
| Fwd PE | 13.99 |
4.2 Price Multiples
66.67% of the companies in the same industry are more expensive than 1ABI, based on the Enterprise Value to EBITDA ratio.
1ABI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. 1ABI is cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.79 | ||
| EV/EBITDA | 8.59 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as 1ABI's earnings are expected to grow with 12.23% in the coming years.
PEG (NY)2.24
PEG (5Y)N/A
EPS Next 2Y9.53%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
1ABI has a Yearly Dividend Yield of 1.37%. Purely for dividend investing, there may be better candidates out there.
1ABI's Dividend Yield is slightly below the industry average, which is at 2.85.
Compared to an average S&P500 Dividend Yield of 2.38, 1ABI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
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
1ABI 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%
BIT:1ABI (9/12/2025, 7:00:00 PM)
50.06
-3.68 (-6.85%)
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 Cap97.02B
Analysts82.5
Price Target70.01 (39.85%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
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)-3.5%
PT rev (3m)-3.08%
EPS NQ rev (1m)-2.2%
EPS NQ rev (3m)4.24%
EPS NY rev (1m)2.97%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)-0.68%
Revenue NQ rev (3m)2.75%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.15 | ||
| Fwd PE | 13.99 | ||
| P/S | 1.95 | ||
| P/FCF | 9.79 | ||
| P/OCF | 7.51 | ||
| P/B | 1.42 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.59 |
EPS(TTM)3.1
EY6.19%
EPS(NY)3.58
Fwd EY7.15%
FCF(TTM)5.11
FCFY10.21%
OCF(TTM)6.66
OCFY13.31%
SpS25.66
BVpS35.38
TBVpS-32.98
PEG (NY)2.24
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 Year1.21%
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%