ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:1ABI • BE0974293251

63.98 EUR
+9.6 (+17.65%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, 1ABI scores 4 out of 10 in our fundamental rating. 1ABI was compared to 31 industry peers in the Beverages industry. There are concerns on the financial health of 1ABI while its profitability can be described as average. While showing a medium growth rate, 1ABI is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

5

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.
  • Each year in the past 5 years 1ABI has been profitable.
  • In the past 5 years 1ABI always reported a positive cash flow from operatings.
1ABI.MI Yearly Net Income VS EBIT VS OCF VS FCF1ABI.MI 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 5B 10B 15B

1.2 Ratios

  • With a Return On Assets value of 3.37%, 1ABI perfoms like the industry average, outperforming 41.94% of the companies in the same industry.
  • 1ABI has a Return On Equity (8.82%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.35%, 1ABI is doing worse than 67.74% 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 8.06%.
  • The 3 year average ROIC (6.05%) for 1ABI is below the current ROIC(6.35%), indicating increased profibility in the last year.
Industry RankSector 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%
1ABI.MI Yearly ROA, ROE, ROIC1ABI.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • The Profit Margin of 1ABI (12.16%) is better than 77.42% of its industry peers.
  • 1ABI's Profit Margin has declined in the last couple of years.
  • The Operating Margin of 1ABI (26.51%) is better than 74.19% of its industry peers.
  • 1ABI's Operating Margin has declined in the last couple of years.
  • 1ABI has a Gross Margin of 55.70%. This is in the better half of the industry: 1ABI outperforms 64.52% of its industry peers.
  • In the last couple of years the Gross Margin of 1ABI has declined.
Industry RankSector 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%
1ABI.MI Yearly Profit, Operating, Gross Margins1ABI.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

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 has been reduced compared to 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.
1ABI.MI Yearly Shares Outstanding1ABI.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
1ABI.MI Yearly Total Debt VS Total Assets1ABI.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B 250B

2.2 Solvency

  • 1ABI has an Altman-Z score of 1.82. This is not the best score and indicates that 1ABI is in the grey zone with still only limited risk for bankruptcy at the moment.
  • 1ABI has a worse Altman-Z score (1.82) than 61.29% 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.
  • The Debt to FCF ratio of 1ABI (6.48) is better than 67.74% of its industry peers.
  • A Debt/Equity ratio of 0.89 indicates that 1ABI is somewhat dependend on debt financing.
  • 1ABI's Debt to Equity ratio of 0.89 is in line compared to the rest of the industry. 1ABI outperforms 45.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 6.48
Altman-Z 1.82
ROIC/WACC1.01
WACC6.3%
1ABI.MI Yearly LT Debt VS Equity VS FCF1ABI.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

2.3 Liquidity

  • A Current Ratio of 0.64 indicates that 1ABI may have some problems paying 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 93.55% 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 77.42% of its industry peers.
Industry RankSector Rank
Current Ratio 0.64
Quick Ratio 0.48
1ABI.MI Yearly Current Assets VS Current Liabilites1ABI.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 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. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.09% 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.
  • The Revenue has decreased by -1.34% in the past year.
  • 1ABI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.69% yearly.
EPS 1Y (TTM)6.09%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%1.02%
Revenue 1Y (TTM)-1.34%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%0.58%

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 10.06% yearly.
  • Based on estimates for the next years, 1ABI will show a small growth in Revenue. The Revenue will grow by 4.08% on average per year.
EPS Next Y6.02%
EPS Next 2Y10.07%
EPS Next 3Y10.82%
EPS Next 5Y10.06%
Revenue Next Year0.47%
Revenue Next 2Y2.92%
Revenue Next 3Y3.14%
Revenue Next 5Y4.08%

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.
1ABI.MI Yearly Revenue VS Estimates1ABI.MI 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
1ABI.MI Yearly EPS VS Estimates1ABI.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4 5

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3

4. Valuation

4.1 Price/Earnings Ratio

  • 1ABI is valuated rather expensively with a Price/Earnings ratio of 20.77.
  • 1ABI's Price/Earnings is on the same level as the industry average.
  • 1ABI is valuated rather cheaply when we compare the Price/Earnings ratio to 28.06, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 17.88 indicates a rather expensive valuation of 1ABI.
  • 1ABI's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of 1ABI to the average of the S&P500 Index (27.86), we can say 1ABI is valued slightly cheaper.
Industry RankSector Rank
PE 20.77
Fwd PE 17.88
1ABI.MI Price Earnings VS Forward Price Earnings1ABI.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 1ABI is valued a bit cheaper than the industry average as 61.29% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, 1ABI is valued a bit cheaper than the industry average as 70.97% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.72
EV/EBITDA 10.23
1ABI.MI Per share data1ABI.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.45
PEG (5Y)N/A
EPS Next 2Y10.07%
EPS Next 3Y10.82%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.22%, 1ABI has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.55, 1ABI is paying slightly less dividend.
  • 1ABI's Dividend Yield is slightly below the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.22%

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 2Y10.07%
EPS Next 3Y10.82%
1ABI.MI Yearly Income VS Free CF VS Dividend1ABI.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B
1ABI.MI Dividend Payout.1ABI.MI Dividend Payout, showing the Payout Ratio.1ABI.MI Dividend Payout.PayoutRetained Earnings

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ANHEUSER-BUSCH INBEV SA/NV

BIT:1ABI (2/6/2026, 7:00:00 PM)

63.98

+9.6 (+17.65%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)10-30
Earnings (Next)02-12
Inst Owners20.5%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap124.79B
Revenue(TTM)58.61B
Net Income(TTM)7.12B
Analysts83.23
Price Target68.8 (7.53%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.22%
Yearly Dividend1.16
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)0.1%
PT rev (3m)-1.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.66%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-1.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.81%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-0.74%
Valuation
Industry RankSector Rank
PE 20.77
Fwd PE 17.88
P/S 2.53
P/FCF 12.72
P/OCF 9.76
P/B 1.84
P/tB N/A
EV/EBITDA 10.23
EPS(TTM)3.08
EY4.81%
EPS(NY)3.58
Fwd EY5.59%
FCF(TTM)5.03
FCFY7.86%
OCF(TTM)6.55
OCFY10.24%
SpS25.24
BVpS34.8
TBVpS-32.44
PEG (NY)3.45
PEG (5Y)N/A
Graham Number49.11
Profitability
Industry RankSector 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%
ROICexgc growth 3Y11.31%
ROICexgc 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 RankSector 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 1.82
F-Score7
WACC6.3%
ROIC/WACC1.01
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)6.09%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%1.02%
EPS Next Y6.02%
EPS Next 2Y10.07%
EPS Next 3Y10.82%
EPS Next 5Y10.06%
Revenue 1Y (TTM)-1.34%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%0.58%
Revenue Next Year0.47%
Revenue Next 2Y2.92%
Revenue Next 3Y3.14%
Revenue Next 5Y4.08%
EBIT growth 1Y2.99%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.22%
EBIT Next 3Y16.41%
EBIT Next 5Y11.68%
FCF growth 1Y56.54%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y19.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%

ANHEUSER-BUSCH INBEV SA/NV / 1ABI.MI FAQ

Can you provide the ChartMill fundamental rating for ANHEUSER-BUSCH INBEV SA/NV?

ChartMill assigns a fundamental rating of 4 / 10 to 1ABI.MI.


What is the valuation status of ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) stock?

ChartMill assigns a valuation rating of 3 / 10 to ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI). This can be considered as Overvalued.


How profitable is ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) stock?

ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) has a profitability rating of 5 / 10.


Can you provide the financial health for 1ABI stock?

The financial health rating of ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) is 3 / 10.


How sustainable is the dividend of ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) stock?

The dividend rating of ANHEUSER-BUSCH INBEV SA/NV (1ABI.MI) is 2 / 10 and the dividend payout ratio is 51.68%.