ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) Stock Fundamental Analysis
Europe - EBR:ABI - BE0974293251 - Common Stock
53.36 EUR
+0.46 (+0.87%)
Overall ABI gets a fundamental rating of 4 out of 10. We evaluated ABI against 29 industry peers in the Beverages industry. ABI has a medium profitability rating, but doesn't score so well on its financial health evaluation. ABI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year ABI was profitable.
In the past year ABI had a positive cash flow from operations.
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.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.37%, ABI is doing worse than 62.07% of the companies in the same industry.
With a Return On Equity value of 8.82%, ABI perfoms like the industry average, outperforming 44.83% of the companies in the same industry.
ABI's Return On Invested Capital of 6.35% is in line compared to the rest of the industry. ABI outperforms 41.38% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ABI is below the industry average of 8.16%.
The 3 year average ROIC (6.05%) for ABI is below the current ROIC(6.35%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 12.16%, ABI is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
ABI's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 26.51%, ABI is in the better half of the industry, outperforming 75.86% of the companies in the same industry.
In the last couple of years the Operating Margin of ABI has declined.
The Gross Margin of ABI (55.70%) is better than 62.07% of its industry peers.
ABI's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. Health
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.
Compared to 1 year ago, ABI has less shares outstanding
Compared to 5 years ago, ABI has more shares outstanding
Compared to 1 year ago, ABI has an improved debt to assets ratio.
2.2 Solvency
ABI has an Altman-Z score of 1.69. This is a bad value and indicates that ABI is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ABI (1.69) is worse than 68.97% 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.
The Debt to FCF ratio of ABI (6.48) is better than 68.97% of its industry peers.
A Debt/Equity ratio of 0.89 indicates that ABI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.89, ABI is doing worse than 65.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.69 |
ROIC/WACC1.05
WACC6.05%
2.3 Liquidity
A Current Ratio of 0.64 indicates that ABI may have some problems paying its short term obligations.
The Current ratio of ABI (0.64) is worse than 89.66% of its industry peers.
A Quick Ratio of 0.48 indicates that ABI may have some problems paying its short term obligations.
ABI's Quick ratio of 0.48 is on the low side compared to the rest of the industry. ABI is outperformed by 75.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.61% over the past year.
The Earnings Per Share has been decreasing by -1.83% on average over the past years.
The Revenue has decreased by -2.35% in the past year.
The Revenue has been growing slightly by 2.69% on average over the past years.
EPS 1Y (TTM)9.61%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8.89%
Revenue 1Y (TTM)-2.35%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-2.15%
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 9.96% yearly.
Based on estimates for the next years, ABI will show a small growth in Revenue. The Revenue will grow by 4.20% on average per year.
EPS Next Y7.4%
EPS Next 2Y9.55%
EPS Next 3Y12.23%
EPS Next 5Y9.96%
Revenue Next Year0.96%
Revenue Next 2Y3.14%
Revenue Next 3Y3.98%
Revenue Next 5Y4.2%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 17.05 indicates a rather expensive valuation of ABI.
ABI's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.40, ABI is valued a bit cheaper.
A Price/Forward Earnings ratio of 14.76 indicates a correct valuation of ABI.
The rest of the industry has a similar Price/Forward Earnings ratio as ABI.
ABI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.05 | ||
| Fwd PE | 14.76 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ABI is valued a bit cheaper than 68.97% of the companies in the same industry.
ABI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ABI is cheaper than 68.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.41 | ||
| EV/EBITDA | 8.89 |
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.
A more expensive valuation may be justified as ABI's earnings are expected to grow with 12.23% in the coming years.
PEG (NY)2.3
PEG (5Y)N/A
EPS Next 2Y9.55%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.37%, ABI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.83, ABI is paying slightly less dividend.
With a Dividend Yield of 1.37, ABI pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
5.2 History
The dividend of ABI decreases each year by -12.03%.
Dividend Growth(5Y)-12.03%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
ABI pays out 51.68% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP51.68%
EPS Next 2Y9.55%
EPS Next 3Y12.23%
EBR:ABI (10/17/2025, 7:00:00 PM)
53.36
+0.46 (+0.87%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners20.3%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap104.19B
Analysts83.13
Price Target68.57 (28.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
Yearly Dividend1.17
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)-2.07%
PT rev (3m)-6.05%
EPS NQ rev (1m)-0.2%
EPS NQ rev (3m)-2.51%
EPS NY rev (1m)0.17%
EPS NY rev (3m)3.14%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)-0.88%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.05 | ||
| Fwd PE | 14.76 | ||
| P/S | 2.07 | ||
| P/FCF | 10.41 | ||
| P/OCF | 7.99 | ||
| P/B | 1.5 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.89 |
EPS(TTM)3.13
EY5.87%
EPS(NY)3.62
Fwd EY6.78%
FCF(TTM)5.13
FCFY9.61%
OCF(TTM)6.68
OCFY12.52%
SpS25.73
BVpS35.47
TBVpS-33.06
PEG (NY)2.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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%
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-Score7
Asset Turnover0.28
Health
| Industry Rank | Sector 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 | 1.69 |
F-Score7
WACC6.05%
ROIC/WACC1.05
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)9.61%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8.89%
EPS Next Y7.4%
EPS Next 2Y9.55%
EPS Next 3Y12.23%
EPS Next 5Y9.96%
Revenue 1Y (TTM)-2.35%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-2.15%
Revenue Next Year0.96%
Revenue Next 2Y3.14%
Revenue Next 3Y3.98%
Revenue Next 5Y4.2%
EBIT growth 1Y2.99%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.29%
EBIT Next 3Y17.25%
EBIT Next 5Y12%
FCF growth 1Y56.54%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y19.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%