ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) Fundamental Analysis & Valuation

EBR:ABI • BE0974293251

Current stock price

59.1 EUR
+0.08 (+0.14%)
Last:

This ABI.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. ABI.BR Profitability Analysis

1.1 Basic Checks

  • ABI had positive earnings in the past year.
  • ABI had a positive operating cash flow in the past year.
  • ABI had positive earnings in each of the past 5 years.
  • In the past 5 years ABI always reported a positive cash flow from operatings.
ABI.BR Yearly Net Income VS EBIT VS OCF VS FCFABI.BR 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 2025 5B 10B 15B

1.2 Ratios

  • ABI has a worse Return On Assets (3.12%) than 60.00% of its industry peers.
  • ABI's Return On Equity of 7.83% is in line compared to the rest of the industry. ABI outperforms 43.33% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.24%, ABI is in line with its industry, outperforming 53.33% of the companies in the same industry.
  • ABI had an Average Return On Invested Capital over the past 3 years of 6.13%. This is in line with the industry average of 7.69%.
  • The last Return On Invested Capital (6.24%) for ABI is above the 3 year average (6.13%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.12%
ROE 7.83%
ROIC 6.24%
ROA(3y)2.8%
ROA(5y)2.67%
ROE(3y)7.28%
ROE(5y)7.36%
ROIC(3y)6.13%
ROIC(5y)5.97%
ABI.BR Yearly ROA, ROE, ROICABI.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 11.53%, ABI is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ABI has grown nicely.
  • Looking at the Operating Margin, with a value of 26.73%, ABI belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
  • ABI's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of ABI (55.93%) is better than 63.33% of its industry peers.
  • ABI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 26.73%
PM (TTM) 11.53%
GM 55.93%
OM growth 3Y1.96%
OM growth 5Y0.34%
PM growth 3Y3.72%
PM growth 5Y30.92%
GM growth 3Y0.88%
GM growth 5Y-0.76%
ABI.BR Yearly Profit, Operating, Gross MarginsABI.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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3

2. ABI.BR Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ABI is still creating some value.
  • ABI has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ABI has been reduced compared to 5 years ago.
  • Compared to 1 year ago, ABI has an improved debt to assets ratio.
ABI.BR Yearly Shares OutstandingABI.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
ABI.BR Yearly Total Debt VS Total AssetsABI.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B 250B

2.2 Solvency

  • Based on the Altman-Z score of 1.74, we must say that ABI is in the distress zone and has some risk of bankruptcy.
  • ABI has a worse Altman-Z score (1.74) than 63.33% of its industry peers.
  • ABI has a debt to FCF ratio of 6.50. This is a slightly negative value and a sign of low solvency as ABI would need 6.50 years to pay back of all of its debts.
  • ABI's Debt to FCF ratio of 6.50 is fine compared to the rest of the industry. ABI outperforms 73.33% of its industry peers.
  • ABI has a Debt/Equity ratio of 0.83. This is a neutral value indicating ABI is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.83, ABI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Altman-Z 1.74
ROIC/WACC1.01
WACC6.16%
ABI.BR Yearly LT Debt VS Equity VS FCFABI.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.3 Liquidity

  • A Current Ratio of 0.72 indicates that ABI may have some problems paying its short term obligations.
  • ABI's Current ratio of 0.72 is on the low side compared to the rest of the industry. ABI is outperformed by 90.00% of its industry peers.
  • A Quick Ratio of 0.57 indicates that ABI may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.57, ABI is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.57
ABI.BR Yearly Current Assets VS Current LiabilitesABI.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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. ABI.BR Growth Analysis

3.1 Past

  • ABI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.27%.
  • The Earnings Per Share has been growing by 14.20% on average over the past years. This is quite good.
  • The Revenue has decreased by -0.75% in the past year.
  • The Revenue has been growing slightly by 4.82% on average over the past years.
EPS 1Y (TTM)6.27%
EPS 3Y5.8%
EPS 5Y14.2%
EPS Q2Q%7.95%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%

3.2 Future

  • The Earnings Per Share is expected to grow by 13.29% on average over the next years. This is quite good.
  • ABI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.90% yearly.
EPS Next Y16.01%
EPS Next 2Y14.18%
EPS Next 3Y13.09%
EPS Next 5Y13.29%
Revenue Next Year7.07%
Revenue Next 2Y5.42%
Revenue Next 3Y4.84%
Revenue Next 5Y4.9%

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 stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ABI.BR Yearly Revenue VS EstimatesABI.BR 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
ABI.BR Yearly EPS VS EstimatesABI.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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5

4. ABI.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 18.24, which indicates a rather expensive current valuation of ABI.
  • The rest of the industry has a similar Price/Earnings ratio as ABI.
  • The average S&P500 Price/Earnings ratio is at 24.89. ABI is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 15.73, ABI is valued correctly.
  • ABI's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. ABI is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 18.24
Fwd PE 15.73
ABI.BR Price Earnings VS Forward Price EarningsABI.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • ABI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ABI is cheaper than 70.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, ABI is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.8
EV/EBITDA 8.69
ABI.BR Per share dataABI.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20

4.3 Compensation for Growth

  • ABI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • ABI has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as ABI's earnings are expected to grow with 13.09% in the coming years.
PEG (NY)1.14
PEG (5Y)1.28
EPS Next 2Y14.18%
EPS Next 3Y13.09%

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

0

5. ABI.BR Dividend Analysis

5.1 Amount

  • ABI does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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ABI.BR Fundamentals: All Metrics, Ratios and Statistics

ANHEUSER-BUSCH INBEV SA/NV

EBR:ABI (3/30/2026, 11:09:44 AM)

59.1

+0.08 (+0.14%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners20.7%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap115.07B
Revenue(TTM)59.32B
Net Income(TTM)6.84B
Analysts81.82
Price Target75.95 (28.51%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend2.01
Dividend Growth(5Y)20.37%
DP66.45%
Div Incr Years3
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.18%
Min EPS beat(2)2.28%
Max EPS beat(2)6.07%
EPS beat(4)4
Avg EPS beat(4)4.38%
Min EPS beat(4)1.01%
Max EPS beat(4)8.16%
EPS beat(8)8
Avg EPS beat(8)7.33%
EPS beat(12)12
Avg EPS beat(12)5.97%
EPS beat(16)14
Avg EPS beat(16)6.5%
Revenue beat(2)0
Avg Revenue beat(2)-1.55%
Min Revenue beat(2)-1.88%
Max Revenue beat(2)-1.22%
Revenue beat(4)0
Avg Revenue beat(4)-2.12%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)-1.22%
Revenue beat(8)2
Avg Revenue beat(8)-1.07%
Revenue beat(12)2
Avg Revenue beat(12)-1.73%
Revenue beat(16)4
Avg Revenue beat(16)-1.64%
PT rev (1m)1.63%
PT rev (3m)10.44%
EPS NQ rev (1m)-0.26%
EPS NQ rev (3m)6.59%
EPS NY rev (1m)1.43%
EPS NY rev (3m)1.75%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)1.66%
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)1.16%
Valuation
Industry RankSector Rank
PE 18.24
Fwd PE 15.73
P/S 2.23
P/FCF 11.8
P/OCF 8.9
P/B 1.52
P/tB N/A
EV/EBITDA 8.69
EPS(TTM)3.24
EY5.48%
EPS(NY)3.76
Fwd EY6.36%
FCF(TTM)5.01
FCFY8.47%
OCF(TTM)6.64
OCFY11.23%
SpS26.46
BVpS38.93
TBVpS-32.38
PEG (NY)1.14
PEG (5Y)1.28
Graham Number53.27
Profitability
Industry RankSector Rank
ROA 3.12%
ROE 7.83%
ROCE 8.6%
ROIC 6.24%
ROICexc 6.67%
ROICexgc 91.9%
OM 26.73%
PM (TTM) 11.53%
GM 55.93%
FCFM 18.93%
ROA(3y)2.8%
ROA(5y)2.67%
ROE(3y)7.28%
ROE(5y)7.36%
ROIC(3y)6.13%
ROIC(5y)5.97%
ROICexc(3y)6.54%
ROICexc(5y)6.37%
ROICexgc(3y)88.01%
ROICexgc(5y)80.35%
ROCE(3y)8.45%
ROCE(5y)8.23%
ROICexgc growth 3Y9.81%
ROICexgc growth 5Y12.22%
ROICexc growth 3Y2.06%
ROICexc growth 5Y6.07%
OM growth 3Y1.96%
OM growth 5Y0.34%
PM growth 3Y3.72%
PM growth 5Y30.92%
GM growth 3Y0.88%
GM growth 5Y-0.76%
F-Score8
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Debt/EBITDA 3.35
Cap/Depr 64.69%
Cap/Sales 6.16%
Interest Coverage 4.74
Cash Conversion 69.2%
Profit Quality 164.21%
Current Ratio 0.72
Quick Ratio 0.57
Altman-Z 1.74
F-Score8
WACC6.16%
ROIC/WACC1.01
Cap/Depr(3y)73.36%
Cap/Depr(5y)86.67%
Cap/Sales(3y)6.81%
Cap/Sales(5y)7.95%
Profit Quality(3y)172.3%
Profit Quality(5y)169.87%
High Growth Momentum
Growth
EPS 1Y (TTM)6.27%
EPS 3Y5.8%
EPS 5Y14.2%
EPS Q2Q%7.95%
EPS Next Y16.01%
EPS Next 2Y14.18%
EPS Next 3Y13.09%
EPS Next 5Y13.29%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%
Revenue Next Year7.07%
Revenue Next 2Y5.42%
Revenue Next 3Y4.84%
Revenue Next 5Y4.9%
EBIT growth 1Y2.54%
EBIT growth 3Y2.85%
EBIT growth 5Y5.18%
EBIT Next Year45.03%
EBIT Next 3Y16.86%
EBIT Next 5Y12.12%
FCF growth 1Y0.31%
FCF growth 3Y11.32%
FCF growth 5Y9.57%
OCF growth 1Y-1.14%
OCF growth 3Y3.82%
OCF growth 5Y6.44%

ANHEUSER-BUSCH INBEV SA/NV / ABI.BR Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) stock?

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


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

ChartMill assigns a valuation rating of 5 / 10 to ANHEUSER-BUSCH INBEV SA/NV (ABI.BR). This can be considered as Fairly Valued.


Can you provide the profitability details for ANHEUSER-BUSCH INBEV SA/NV?

ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) has a profitability rating of 6 / 10.


What is the valuation of ANHEUSER-BUSCH INBEV SA/NV based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) is 18.24 and the Price/Book (PB) ratio is 1.52.


How financially healthy is ANHEUSER-BUSCH INBEV SA/NV?

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