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

Europe • Euronext Brussels • EBR:ABI • BE0974293251

64.02 EUR
+0.42 (+0.66%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

4

ABI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 28 industry peers in the Beverages industry. ABI has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, ABI is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • ABI had positive earnings in the past year.
  • ABI had a positive operating cash flow in the past year.
  • Each year in the past 5 years ABI has been profitable.
  • 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 5B 10B 15B

1.2 Ratios

  • ABI has a Return On Assets (3.37%) which is in line with its industry peers.
  • ABI's Return On Equity of 8.82% is in line compared to the rest of the industry. ABI outperforms 46.43% of its industry peers.
  • The Return On Invested Capital of ABI (6.35%) is worse than 64.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ABI is in line with the industry average of 7.85%.
  • The last Return On Invested Capital (6.35%) for ABI is above the 3 year average (6.05%), which is a sign of increasing profitability.
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%
ABI.BR Yearly ROA, ROE, ROICABI.BR 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 ABI (12.16%) is better than 78.57% of its industry peers.
  • In the last couple of years the Profit Margin of ABI has declined.
  • ABI has a Operating Margin of 26.51%. This is in the better half of the industry: ABI outperforms 78.57% of its industry peers.
  • ABI's Operating Margin has declined in the last couple of years.
  • The Gross Margin of ABI (55.70%) is better than 67.86% of its industry peers.
  • ABI's Gross Margin has declined in the last couple of years.
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%
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 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ABI is creating some value.
  • ABI has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ABI has been increased compared to 5 years ago.
  • ABI has a better debt/assets ratio than last year.
ABI.BR Yearly Shares OutstandingABI.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 50B 100B 150B 200B 250B

2.2 Solvency

  • ABI has an Altman-Z score of 1.81. This is a bad value and indicates that ABI is not financially healthy and even has some risk of bankruptcy.
  • ABI's Altman-Z score of 1.81 is on the low side compared to the rest of the industry. ABI is outperformed by 67.86% of its industry peers.
  • ABI has a debt to FCF ratio of 6.48. This is a slightly negative value and a sign of low solvency as ABI would need 6.48 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 6.48, ABI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.89 indicates that ABI is somewhat dependend on debt financing.
  • ABI has a Debt to Equity ratio (0.89) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 6.48
Altman-Z 1.81
ROIC/WACC1.01
WACC6.29%
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 20B 40B 60B 80B 100B

2.3 Liquidity

  • ABI has a Current Ratio of 0.64. This is a bad value and indicates that ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ABI has a worse Current ratio (0.64) than 92.86% of its industry peers.
  • ABI has a Quick Ratio of 0.64. This is a bad value and indicates that ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ABI has a Quick ratio of 0.48. This is in the lower half of the industry: ABI underperforms 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.64
Quick Ratio 0.48
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 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

  • ABI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.09%.
  • Measured over the past years, ABI 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.
  • Measured over the past years, ABI shows a small growth in Revenue. The Revenue has been growing by 2.69% on average per year.
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

  • ABI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.06% yearly.
  • ABI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.08% yearly.
EPS Next Y5.33%
EPS Next 2Y10.25%
EPS Next 3Y11.16%
EPS Next 5Y10.06%
Revenue Next Year0.47%
Revenue Next 2Y2.92%
Revenue Next 3Y3.14%
Revenue Next 5Y4.08%

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.
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 1 2 3 4 5

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 20.65, the valuation of ABI can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of ABI is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.67. ABI is valued slightly cheaper when compared to this.
  • ABI is valuated rather expensively with a Price/Forward Earnings ratio of 17.74.
  • ABI's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, ABI is valued a bit cheaper.
Industry RankSector Rank
PE 20.65
Fwd PE 17.74
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 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ABI indicates a somewhat cheap valuation: ABI is cheaper than 64.29% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, ABI is valued a bit cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.63
EV/EBITDA 10.13
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ABI does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.88
PEG (5Y)N/A
EPS Next 2Y10.25%
EPS Next 3Y11.16%

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

0

5. Dividend

5.1 Amount

  • No dividends for ABI!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ANHEUSER-BUSCH INBEV SA/NV

EBR:ABI (2/5/2026, 7:00:00 PM)

64.02

+0.42 (+0.66%)

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 Cap124.56B
Revenue(TTM)58.61B
Net Income(TTM)7.12B
Analysts83.23
Price Target68.67 (7.26%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend1.13
Dividend Growth(5Y)-12.03%
DP51.68%
Div Incr Years3
Div Non Decr Years4
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)-0.14%
PT rev (3m)0.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.66%
EPS NY rev (3m)-0.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.41%
Valuation
Industry RankSector Rank
PE 20.65
Fwd PE 17.74
P/S 2.52
P/FCF 12.63
P/OCF 9.69
P/B 1.83
P/tB N/A
EV/EBITDA 10.13
EPS(TTM)3.1
EY4.84%
EPS(NY)3.61
Fwd EY5.64%
FCF(TTM)5.07
FCFY7.92%
OCF(TTM)6.61
OCFY10.32%
SpS25.45
BVpS35.08
TBVpS-32.7
PEG (NY)3.88
PEG (5Y)N/A
Graham Number49.46
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 1.81
F-Score7
WACC6.29%
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 Y5.33%
EPS Next 2Y10.25%
EPS Next 3Y11.16%
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 / ABI.BR 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 3 / 10 to ANHEUSER-BUSCH INBEV SA/NV (ABI.BR). This can be considered as Overvalued.


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

ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) has a profitability rating of 5 / 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 20.65 and the Price/Book (PB) ratio is 1.83.


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

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