ANHEUSER-BUSCH INBEV SA/NV (1NBA.DE) Stock Fundamental Analysis
FRA:1NBA - Deutsche Boerse Ag - BE0974293251 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to 1NBA. 1NBA was compared to 23 industry peers in the Beverages industry. While 1NBA is still in line with the averages on profitability rating, there are concerns on its financial health. 1NBA has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year 1NBA was profitable.
1NBA had a positive operating cash flow in the past year.
In the past 5 years 1NBA has always been profitable.
1NBA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 2.83%, 1NBA perfoms like the industry average, outperforming 52.17% of the companies in the same industry.
1NBA has a Return On Equity of 7.48%. This is in the better half of the industry: 1NBA outperforms 60.87% of its industry peers.
1NBA has a Return On Invested Capital (6.49%) which is in line with its industry peers.
1NBA had an Average Return On Invested Capital over the past 3 years of 6.05%. This is in line with the industry average of 7.90%.
The 3 year average ROIC (6.05%) for 1NBA is below the current ROIC(6.49%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 7.48% | ||
| ROIC | 6.49% |
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
1NBA has a Profit Margin of 9.80%. This is comparable to the rest of the industry: 1NBA outperforms 56.52% of its industry peers.
1NBA's Profit Margin has declined in the last couple of years.
The Operating Margin of 1NBA (25.87%) is better than 82.61% of its industry peers.
In the last couple of years the Operating Margin of 1NBA has declined.
1NBA has a Gross Margin of 55.25%. This is in the better half of the industry: 1NBA outperforms 65.22% of its industry peers.
1NBA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.87% | ||
| PM (TTM) | 9.8% | ||
| GM | 55.25% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so 1NBA is still creating some value.
1NBA has less shares outstanding than it did 1 year ago.
The number of shares outstanding for 1NBA has been increased compared to 5 years ago.
1NBA has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.78, we must say that 1NBA is in the distress zone and has some risk of bankruptcy.
1NBA's Altman-Z score of 1.78 is on the low side compared to the rest of the industry. 1NBA is outperformed by 73.91% of its industry peers.
1NBA has a debt to FCF ratio of 6.45. This is a slightly negative value and a sign of low solvency as 1NBA would need 6.45 years to pay back of all of its debts.
The Debt to FCF ratio of 1NBA (6.45) is better than 73.91% of its industry peers.
A Debt/Equity ratio of 0.90 indicates that 1NBA is somewhat dependend on debt financing.
1NBA has a Debt to Equity ratio of 0.90. This is comparable to the rest of the industry: 1NBA outperforms 52.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 6.45 | ||
| Altman-Z | 1.78 |
ROIC/WACC1.07
WACC6.07%
2.3 Liquidity
1NBA has a Current Ratio of 0.70. This is a bad value and indicates that 1NBA is not financially healthy enough and could expect problems in meeting its short term obligations.
1NBA has a Current ratio of 0.70. This is amonst the worse of the industry: 1NBA underperforms 86.96% of its industry peers.
A Quick Ratio of 0.54 indicates that 1NBA may have some problems paying its short term obligations.
With a Quick ratio value of 0.54, 1NBA is not doing good in the industry: 60.87% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
1NBA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.33%, which is quite good.
1NBA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.83% yearly.
Looking at the last year, 1NBA shows a decrease in Revenue. The Revenue has decreased by -1.45% in the last year.
Measured over the past years, 1NBA shows a small growth in Revenue. The Revenue has been growing by 2.69% on average per year.
EPS 1Y (TTM)13.33%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8%
Revenue 1Y (TTM)-1.45%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-6.32%
3.2 Future
Based on estimates for the next years, 1NBA will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.42% on average per year.
The Revenue is expected to grow by 4.35% on average over the next years.
EPS Next Y4.12%
EPS Next 2Y8.45%
EPS Next 3Y12.23%
EPS Next 5Y11.42%
Revenue Next Year1.78%
Revenue Next 2Y3.14%
Revenue Next 3Y3.48%
Revenue Next 5Y4.35%
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
1NBA is valuated rather expensively with a Price/Earnings ratio of 18.85.
1NBA's Price/Earnings ratio is a bit cheaper when compared to the industry. 1NBA is cheaper than 65.22% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.41, 1NBA is valued a bit cheaper.
The Price/Forward Earnings ratio is 16.32, which indicates a correct valuation of 1NBA.
1NBA's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.19, 1NBA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.85 | ||
| Fwd PE | 16.32 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 1NBA is valued a bit cheaper than the industry average as 69.57% of the companies are valued more expensively.
1NBA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. 1NBA is cheaper than 78.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.67 | ||
| EV/EBITDA | 8.86 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of 1NBA may justify a higher PE ratio.
1NBA's earnings are expected to grow with 12.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.57
PEG (5Y)N/A
EPS Next 2Y8.45%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
1NBA has a Yearly Dividend Yield of 1.21%.
Compared to an average industry Dividend Yield of 2.94, 1NBA's dividend is way lower than its industry peers. On top of this 82.61% of the companies listed in the same industry pay a better dividend than 1NBA!
Compared to an average S&P500 Dividend Yield of 2.35, 1NBA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
5.2 History
The dividend of 1NBA decreases each year by -12.03%.
Dividend Growth(5Y)-12.03%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
1NBA pays out 45.64% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP45.64%
EPS Next 2Y8.45%
EPS Next 3Y12.23%
FRA:1NBA (7/11/2025, 7:00:00 PM)
57.68
-0.26 (-0.45%)
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 Cap111.79B
Analysts83.75
Price Target72.98 (26.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
Yearly Dividend1.16
Dividend Growth(5Y)-12.03%
DP45.64%
Div Incr Years3
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.01%
Min EPS beat(2)5.76%
Max EPS beat(2)20.27%
EPS beat(4)4
Avg EPS beat(4)10.29%
Min EPS beat(4)4.3%
Max EPS beat(4)20.27%
EPS beat(8)8
Avg EPS beat(8)6.77%
EPS beat(12)10
Avg EPS beat(12)7.21%
EPS beat(16)13
Avg EPS beat(16)7.45%
Revenue beat(2)1
Avg Revenue beat(2)0.19%
Min Revenue beat(2)-4.2%
Max Revenue beat(2)4.57%
Revenue beat(4)2
Avg Revenue beat(4)-0.03%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)4.57%
Revenue beat(8)2
Avg Revenue beat(8)-1.53%
Revenue beat(12)4
Avg Revenue beat(12)-1.48%
Revenue beat(16)7
Avg Revenue beat(16)-0.4%
PT rev (1m)-0.37%
PT rev (3m)1.09%
EPS NQ rev (1m)0.61%
EPS NQ rev (3m)-1.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.85 | ||
| Fwd PE | 16.32 | ||
| P/S | 2.19 | ||
| P/FCF | 11.67 | ||
| P/OCF | 8.68 | ||
| P/B | 1.67 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.86 |
EPS(TTM)3.06
EY5.31%
EPS(NY)3.53
Fwd EY6.13%
FCF(TTM)4.94
FCFY8.57%
OCF(TTM)6.65
OCFY11.53%
SpS26.39
BVpS34.55
TBVpS-31.92
PEG (NY)4.57
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 7.48% | ||
| ROCE | 8.91% | ||
| ROIC | 6.49% | ||
| ROICexc | 6.95% | ||
| ROICexgc | 96.58% | ||
| OM | 25.87% | ||
| PM (TTM) | 9.8% | ||
| GM | 55.25% | ||
| FCFM | 18.73% |
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-Score8
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 6.45 | ||
| Debt/EBITDA | 3.37 | ||
| Cap/Depr | 69.68% | ||
| Cap/Sales | 6.46% | ||
| Interest Coverage | 4.24 | ||
| Cash Conversion | 71.67% | ||
| Profit Quality | 191.15% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 1.78 |
F-Score8
WACC6.07%
ROIC/WACC1.07
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)13.33%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8%
EPS Next Y4.12%
EPS Next 2Y8.45%
EPS Next 3Y12.23%
EPS Next 5Y11.42%
Revenue 1Y (TTM)-1.45%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-6.32%
Revenue Next Year1.78%
Revenue Next 2Y3.14%
Revenue Next 3Y3.48%
Revenue Next 5Y4.35%
EBIT growth 1Y5.98%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.75%
EBIT Next 3Y16.41%
EBIT Next 5Y12.43%
FCF growth 1Y29.73%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y13.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%