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

EBR:ABI • BE0974293251

68.54 EUR
+3.68 (+5.67%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

ABI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 31 industry peers in the Beverages industry. ABI has a medium profitability rating, but doesn't score so well on its financial health evaluation. ABI is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

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.
  • ABI had a positive operating cash flow in each of the past 5 years.
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

  • Looking at the Return On Assets, with a value of 3.37%, ABI is in line with its industry, outperforming 41.94% of the companies in the same industry.
  • ABI's Return On Equity of 8.82% is in line compared to the rest of the industry. ABI outperforms 41.94% of its industry peers.
  • With a Return On Invested Capital value of 6.35%, ABI is not doing good in the industry: 67.74% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for ABI is below the industry average of 8.06%.
  • 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

  • ABI's Profit Margin of 12.16% is fine compared to the rest of the industry. ABI outperforms 77.42% of its industry peers.
  • ABI's Profit Margin has declined in the last couple of years.
  • ABI has a better Operating Margin (26.51%) than 74.19% of its industry peers.
  • In the last couple of years the Operating Margin of ABI has declined.
  • The Gross Margin of ABI (55.70%) is better than 64.52% of its industry peers.
  • In the last couple of years the Gross Margin of ABI has declined.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ABI is destroying value.
  • Compared to 1 year ago, ABI has less shares outstanding
  • ABI has more 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 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

  • An Altman-Z score of 1.83 indicates that ABI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.83, ABI is doing worse than 61.29% of the companies in the same industry.
  • 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.
  • ABI has a Debt to FCF ratio of 6.48. This is in the better half of the industry: ABI outperforms 67.74% of its industry peers.
  • ABI has a Debt/Equity ratio of 0.89. This is a neutral value indicating 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 1.83
ROIC/WACC1
WACC6.36%
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.
  • With a Current ratio value of 0.64, ABI is not doing good in the industry: 93.55% of the companies in the same industry are doing better.
  • 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.
  • With a Quick ratio value of 0.48, ABI is not doing good in the industry: 77.42% of the companies in the same industry are doing better.
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%.
  • ABI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.83% yearly.
  • 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

  • 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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better 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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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 22.25 indicates a rather expensive valuation of ABI.
  • ABI's Price/Earnings ratio is in line with the industry average.
  • ABI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 19.12 indicates a rather expensive valuation of ABI.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ABI.
  • When comparing the Price/Forward Earnings ratio of ABI to the average of the S&P500 Index (27.69), we can say ABI is valued slightly cheaper.
Industry RankSector Rank
PE 22.25
Fwd PE 19.12
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 61.29% 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 70.97% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.61
EV/EBITDA 10.32
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)4.18
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 (2/12/2026, 7:00:00 PM)

68.54

+3.68 (+5.67%)

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 Cap133.35B
Revenue(TTM)58.61B
Net Income(TTM)7.12B
Analysts83.23
Price Target69 (0.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend1.14
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)0.34%
PT rev (3m)1.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.66%
EPS NY rev (3m)-0.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 22.25
Fwd PE 19.12
P/S 2.71
P/FCF 13.61
P/OCF 10.45
P/B 1.97
P/tB N/A
EV/EBITDA 10.32
EPS(TTM)3.08
EY4.49%
EPS(NY)3.59
Fwd EY5.23%
FCF(TTM)5.04
FCFY7.35%
OCF(TTM)6.56
OCFY9.57%
SpS25.27
BVpS34.84
TBVpS-32.48
PEG (NY)4.18
PEG (5Y)N/A
Graham Number49.14
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 1.83
F-Score7
WACC6.36%
ROIC/WACC1
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 22.25 and the Price/Book (PB) ratio is 1.97.


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

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