ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:ABI - BE0974293251 - Common Stock
59.32 EUR
+0.64 (+1.09%)
ABI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 30 industry peers in the Beverages industry. While ABI is still in line with the averages on profitability rating, there are concerns on its financial health. ABI is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- ABI had positive earnings in the past year.
- In the past year ABI had a positive cash flow from operations.
- ABI had positive earnings in each of the past 5 years.
- ABI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- ABI has a Return On Assets of 3.37%. This is comparable to the rest of the industry: ABI outperforms 46.67% of its industry peers.
- ABI has a Return On Equity (8.82%) which is comparable to the rest of the industry.
- The Return On Invested Capital of ABI (6.35%) is worse than 66.67% of its industry peers.
- ABI had an Average Return On Invested Capital over the past 3 years of 6.05%. This is below the industry average of 8.18%.
- 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 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
- The Profit Margin of ABI (12.16%) is better than 76.67% of its industry peers.
- In the last couple of years the Profit Margin of ABI has declined.
- Looking at the Operating Margin, with a value of 26.51%, ABI is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
- ABI's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 55.70%, ABI is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
- In the last couple of years the Gross Margin of ABI has declined.
| 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
- 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.
- Compared to 1 year ago, ABI has an improved debt to assets ratio.
2.2 Solvency
- ABI has an Altman-Z score of 1.75. 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 (1.75) is worse than 66.67% 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.
- Looking at the Debt to FCF ratio, with a value of 6.48, ABI is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
- ABI has a Debt/Equity ratio of 0.89. This is a neutral value indicating 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 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.75 |
ROIC/WACC1.02
WACC6.22%
2.3 Liquidity
- A Current Ratio of 0.64 indicates that ABI may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.64, ABI is doing worse than 90.00% of the companies in the same industry.
- 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 worse Quick ratio (0.48) than 73.33% 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 been growing slightly by 6.09% over the past year.
- 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.
- ABI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.69% yearly.
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.
- Based on estimates for the next years, ABI will show a small growth in Revenue. The Revenue will grow by 4.08% on average per year.
EPS Next Y6.02%
EPS Next 2Y10.07%
EPS Next 3Y10.82%
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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 19.01, ABI is valued on the expensive side.
- ABI's Price/Earnings is on the same level as the industry average.
- The average S&P500 Price/Earnings ratio is at 27.32. ABI is valued slightly cheaper when compared to this.
- With a Price/Forward Earnings ratio of 16.37, ABI is valued correctly.
- ABI's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of ABI to the average of the S&P500 Index (24.30), we can say ABI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.01 | ||
| Fwd PE | 16.37 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as ABI.
- Based on the Price/Free Cash Flow ratio, ABI is valued a bit cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.65 | ||
| EV/EBITDA | 9.56 |
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)3.16
PEG (5Y)N/A
EPS Next 2Y10.07%
EPS Next 3Y10.82%
5. Dividend
5.1 Amount
- ABI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
EBR:ABI (1/22/2026, 5:35:30 PM)
59.32
+0.64 (+1.09%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)10-30 2025-10-30/bmo
Earnings (Next)02-12 2026-02-12/amc
Inst Owners20.5%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap115.70B
Revenue(TTM)58.61B
Net Income(TTM)7.12B
Analysts83.23
Price Target68.67 (15.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly Dividend1.16
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)0.12%
PT rev (3m)0.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-1.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.01 | ||
| Fwd PE | 16.37 | ||
| P/S | 2.32 | ||
| P/FCF | 11.65 | ||
| P/OCF | 8.94 | ||
| P/B | 1.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.56 |
EPS(TTM)3.12
EY5.26%
EPS(NY)3.62
Fwd EY6.11%
FCF(TTM)5.09
FCFY8.58%
OCF(TTM)6.63
OCFY11.18%
SpS25.56
BVpS35.23
TBVpS-32.85
PEG (NY)3.16
PEG (5Y)N/A
Graham Number49.73
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%
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 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 | 1.75 |
F-Score7
WACC6.22%
ROIC/WACC1.02
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 Y6.02%
EPS Next 2Y10.07%
EPS Next 3Y10.82%
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 3 / 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 19.01 and the Price/Book (PB) ratio is 1.68.
How financially healthy is ANHEUSER-BUSCH INBEV SA/NV?
The financial health rating of ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) is 2 / 10.