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

EBR:ABI • BE0974293251

67.42 EUR
+0.2 (+0.3%)
Last: Feb 26, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall ABI gets a fundamental rating of 4 out of 10. We evaluated ABI against 30 industry peers in the Beverages industry. There are concerns on the financial health of ABI while its profitability can be described as average. ABI has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year ABI was profitable.
  • ABI had a positive operating cash flow in the past year.
  • In the past 5 years ABI has always 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 2025 5B 10B 15B

1.2 Ratios

  • ABI has a Return On Assets of 3.12%. This is comparable to the rest of the industry: ABI outperforms 46.67% of its industry peers.
  • ABI has a Return On Equity of 7.83%. This is comparable to the rest of the industry: ABI outperforms 46.67% of its industry peers.
  • ABI's Return On Invested Capital of 6.24% is on the low side compared to the rest of the industry. ABI is outperformed by 60.00% of its industry peers.
  • 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 7.64%.
  • 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

  • ABI has a better Profit Margin (11.53%) than 73.33% of its industry peers.
  • 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 83.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ABI has remained more or less at the same level.
  • ABI has a Gross Margin of 55.93%. This is in the better half of the industry: ABI outperforms 66.67% of its industry peers.
  • In the last couple of years the Gross Margin of ABI has remained more or less at the same level.
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. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ABI is destroying value.
  • ABI has less shares outstanding than it did 1 year ago.
  • ABI has less shares outstanding than it did 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 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

  • An Altman-Z score of 1.84 indicates that ABI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • ABI's Altman-Z score of 1.84 is on the low side compared to the rest of the industry. ABI is outperformed by 63.33% of its industry peers.
  • The Debt to FCF ratio of ABI is 6.50, which is on the high side as it means it would take ABI, 6.50 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.50, ABI is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.83 indicates that ABI is somewhat dependend on debt financing.
  • The Debt to Equity ratio of ABI (0.83) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Altman-Z 1.84
ROIC/WACC0.98
WACC6.34%
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 has a worse Current ratio (0.72) than 83.33% of its industry peers.
  • ABI has a Quick Ratio of 0.72. This is a bad value and indicates that ABI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.57, ABI is doing worse than 60.00% of the companies in the same industry.
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. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.27% over the past year.
  • Measured over the past years, ABI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.20% on average per year.
  • The Revenue has decreased by -0.75% in the past year.
  • ABI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.82% yearly.
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 11.28% on average over the next years. This is quite good.
  • Based on estimates for the next years, ABI will show a small growth in Revenue. The Revenue will grow by 3.64% on average per year.
EPS Next Y14.37%
EPS Next 2Y13.69%
EPS Next 3Y11.67%
EPS Next 5Y11.28%
Revenue Next Year6.55%
Revenue Next 2Y5.16%
Revenue Next 3Y4.96%
Revenue Next 5Y3.64%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less 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 1 2 3 4 5

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4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.27 indicates a rather expensive valuation of ABI.
  • ABI's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.21, ABI is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 18.62, ABI is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ABI is on the same level as its industry peers.
  • ABI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.13, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.27
Fwd PE 18.62
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

  • Based on the Enterprise Value to EBITDA ratio, ABI is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
  • 73.33% of the companies in the same industry are more expensive than ABI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.75
EV/EBITDA 9.69
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

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of ABI may justify a higher PE ratio.
PEG (NY)1.48
PEG (5Y)1.5
EPS Next 2Y13.69%
EPS Next 3Y11.67%

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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 (2/26/2026, 7:00:00 PM)

67.42

+0.2 (+0.3%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners20.5%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap131.02B
Revenue(TTM)59.32B
Net Income(TTM)6.84B
Analysts83.13
Price Target69 (2.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend1.97
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)0.48%
PT rev (3m)0.31%
EPS NQ rev (1m)3.54%
EPS NQ rev (3m)4.42%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.33%
Revenue NQ rev (1m)1.39%
Revenue NQ rev (3m)1.57%
Revenue NY rev (1m)0.66%
Revenue NY rev (3m)0.57%
Valuation
Industry RankSector Rank
PE 21.27
Fwd PE 18.62
P/S 2.6
P/FCF 13.75
P/OCF 10.37
P/B 1.77
P/tB N/A
EV/EBITDA 9.69
EPS(TTM)3.17
EY4.7%
EPS(NY)3.62
Fwd EY5.37%
FCF(TTM)4.9
FCFY7.27%
OCF(TTM)6.5
OCFY9.64%
SpS25.9
BVpS38.12
TBVpS-31.7
PEG (NY)1.48
PEG (5Y)1.5
Graham Number52.14
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 1.84
F-Score8
WACC6.34%
ROIC/WACC0.98
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 Y14.37%
EPS Next 2Y13.69%
EPS Next 3Y11.67%
EPS Next 5Y11.28%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%
Revenue Next Year6.55%
Revenue Next 2Y5.16%
Revenue Next 3Y4.96%
Revenue Next 5Y3.64%
EBIT growth 1Y2.54%
EBIT growth 3Y2.85%
EBIT growth 5Y5.18%
EBIT Next Year43.13%
EBIT Next 3Y16.59%
EBIT Next 5Y12.82%
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 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 4 / 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 21.27 and the Price/Book (PB) ratio is 1.77.


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

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