ANHEUSER-BUSCH INBEV SA/NV (1NBA.DE) Stock Fundamental Analysis
FRA:1NBA - Deutsche Boerse Ag - BE0974293251 - Common Stock - Currency: EUR
Taking everything into account, 1NBA scores 3 out of 10 in our fundamental rating. 1NBA was compared to 24 industry peers in the Beverages industry. There are concerns on the financial health of 1NBA while its profitability can be described as average. 1NBA is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year 1NBA was profitable.
In the past year 1NBA had a positive cash flow from operations.
1NBA had positive earnings in each of the past 5 years.
In the past 5 years 1NBA always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.81%, 1NBA is doing worse than 71.43% of the companies in the same industry.
With a Return On Equity value of 7.55%, 1NBA is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 6.49%, 1NBA is doing worse than 61.90% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for 1NBA is below the industry average of 8.61%.
The last Return On Invested Capital (6.49%) for 1NBA 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
The Profit Margin of 1NBA (9.89%) is comparable to the rest of the industry.
1NBA's Profit Margin has improved in the last couple of years.
1NBA has a better Operating Margin (25.14%) than 61.90% of its industry peers.
In the last couple of years the Operating Margin of 1NBA has declined.
Looking at the Gross Margin, with a value of 54.48%, 1NBA is in line with its industry, outperforming 47.62% of the companies in the same industry.
1NBA's Gross Margin has declined in the last couple of years.
| 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
1NBA 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 1NBA remains at a similar level compared to 1 year ago.
1NBA has more shares outstanding than it did 5 years ago.
1NBA has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.56, we must say that 1NBA is in the distress zone and has some risk of bankruptcy.
1NBA's Altman-Z score of 1.56 is on the low side compared to the rest of the industry. 1NBA is outperformed by 76.19% of its industry peers.
The Debt to FCF ratio of 1NBA is 7.84, which is on the high side as it means it would take 1NBA, 7.84 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of 1NBA (7.84) is better than 61.90% of its industry peers.
1NBA has a Debt/Equity ratio of 0.97. This is a neutral value indicating 1NBA is somewhat dependend on debt financing.
1NBA has a Debt to Equity ratio (0.97) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 7.84 | ||
| Altman-Z | 1.56 |
ROIC/WACC1.12
WACC5.79%
2.3 Liquidity
1NBA has a Current Ratio of 0.69. This is a bad value and indicates that 1NBA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.69, 1NBA is doing worse than 95.24% of the companies in the same industry.
A Quick Ratio of 0.51 indicates that 1NBA may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.51, 1NBA is doing worse than 76.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
1NBA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.48%.
1NBA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.43% yearly.
1NBA shows a decrease in Revenue. In the last year, the revenue decreased by -0.30%.
1NBA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.28% yearly.
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, 1NBA will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.37% on average per year.
1NBA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.04% yearly.
EPS Next Y10.9%
EPS Next 2Y8.33%
EPS Next 3Y9.81%
EPS Next 5Y12.37%
Revenue Next Year-1.56%
Revenue Next 2Y-0.2%
Revenue Next 3Y1.42%
Revenue Next 5Y3.04%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 14.10 indicates a correct valuation of 1NBA.
Based on the Price/Earnings ratio, 1NBA is valued a bit cheaper than 76.19% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.47, 1NBA is valued rather cheaply.
1NBA is valuated correctly with a Price/Forward Earnings ratio of 13.60.
61.90% of the companies in the same industry are more expensive than 1NBA, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of 1NBA to the average of the S&P500 Index (92.74), we can say 1NBA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 13.6 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 1NBA is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1NBA indicates a somewhat cheap valuation: 1NBA is cheaper than 76.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.59 | ||
| EV/EBITDA | 7.91 |
4.3 Compensation for Growth
1NBA's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.29
PEG (5Y)N/A
EPS Next 2Y8.33%
EPS Next 3Y9.81%
5. Dividend
5.1 Amount
1NBA has a Yearly Dividend Yield of 1.20%.
With a Dividend Yield of 1.20, 1NBA pays less dividend than the industry average, which is at 2.86. 80.95% of the companies listed in the same industry pay a better dividend than 1NBA!
Compared to an average S&P500 Dividend Yield of 2.28, 1NBA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
5.2 History
The dividend of 1NBA decreases each year by -17.56%.
Dividend Growth(5Y)-17.56%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
54.53% of the earnings are spent on dividend by 1NBA. This is a bit on the high side, but may be sustainable.
DP54.53%
EPS Next 2Y8.33%
EPS Next 3Y9.81%
ANHEUSER-BUSCH INBEV SA/NV
FRA:1NBA (2/4/2025, 7:00:00 PM)
47.11
-0.24 (-0.51%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners13.92%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap92.49B
Analysts80.59
Price Target67.91 (44.15%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
Yearly Dividend1.52
Dividend Growth(5Y)-17.56%
DP54.53%
Div Incr Years2
Div Non Decr Years3
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)-2.47%
PT rev (3m)-4.33%
EPS NQ rev (1m)-0.59%
EPS NQ rev (3m)-0.59%
EPS NY rev (1m)-0.17%
EPS NY rev (3m)-0.49%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-0.37%
Revenue NY rev (1m)-1.77%
Revenue NY rev (3m)-2.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 13.6 | ||
| P/S | 1.6 | ||
| P/FCF | 9.59 | ||
| P/OCF | 6.71 | ||
| P/B | 1.22 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.91 |
EPS(TTM)3.34
EY7.09%
EPS(NY)3.46
Fwd EY7.35%
FCF(TTM)4.91
FCFY10.43%
OCF(TTM)7.02
OCFY14.89%
SpS29.53
BVpS38.7
TBVpS-37.28
PEG (NY)1.29
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-12.95%
ROICexc growth 3Y7.38%
ROICexc growth 5Y-1.64%
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 | 1.56 |
F-Score7
WACC5.79%
ROIC/WACC1.12
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 Y10.9%
EPS Next 2Y8.33%
EPS Next 3Y9.81%
EPS Next 5Y12.37%
Revenue 1Y (TTM)-0.3%
Revenue growth 3Y8.2%
Revenue growth 5Y2.28%
Sales Q2Q%-3.39%
Revenue Next Year-1.56%
Revenue Next 2Y-0.2%
Revenue Next 3Y1.42%
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%