ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:ABI - BE0974293251 - Common Stock
58.68 EUR
+1.3 (+2.27%)
ABI gets a fundamental rating of 4 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 has a correct valuation and a medium 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.
- In the past 5 years ABI has always been profitable.
- Each year in the past 5 years ABI had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.37%, ABI is in line with its industry, outperforming 43.33% 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 43.33% of its industry peers.
- The Return On Invested Capital of ABI (6.35%) is worse than 66.67% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for ABI is below the industry average of 8.24%.
- 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
- With a decent Profit Margin value of 12.16%, ABI is doing good in the industry, outperforming 76.67% of the companies in the same industry.
- 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 80.00% of its industry peers.
- In the last couple of years the Operating Margin of ABI has declined.
- ABI's Gross Margin of 55.70% is fine compared to the rest of the industry. ABI outperforms 66.67% of its industry peers.
- 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
- ABI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, ABI has less shares outstanding
- ABI has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, ABI has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.74, we must say that ABI is in the distress zone and has some risk of bankruptcy.
- ABI's Altman-Z score of 1.74 is on the low side compared to the rest of the industry. ABI is outperformed by 70.00% 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.
- ABI has a better Debt to FCF ratio (6.48) than 73.33% of its industry peers.
- 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 in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.74 |
ROIC/WACC1.04
WACC6.11%
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 93.33% of its industry peers.
- A Quick Ratio of 0.48 indicates that ABI may have some problems paying its short term obligations.
- ABI has a Quick ratio of 0.48. This is in the lower half of the industry: ABI underperforms 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.48 |
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.
- The Revenue has been growing slightly by 2.69% on average over the past years.
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
- Based on estimates for the next years, ABI will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.06% on average per year.
- 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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 18.69, which indicates a rather expensive current valuation of ABI.
- The rest of the industry has a similar Price/Earnings ratio as ABI.
- ABI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
- ABI is valuated correctly with a Price/Forward Earnings ratio of 16.08.
- ABI's Price/Forward Earnings is on the same level as the industry average.
- ABI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.69 | ||
| Fwd PE | 16.08 |
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 63.33% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, ABI is valued a bit cheaper than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.44 | ||
| EV/EBITDA | 9.37 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.1
PEG (5Y)N/A
EPS Next 2Y10.07%
EPS Next 3Y10.82%
5. Dividend
5.1 Amount
- ABI has a Yearly Dividend Yield of 1.22%. Purely for dividend investing, there may be better candidates out there.
- ABI's Dividend Yield is slightly below the industry average, which is at 2.77.
- ABI's Dividend Yield is slightly below the S&P500 average, which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
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
- 51.68% of the earnings are spent on dividend by ABI. This is a bit on the high side, but may be sustainable.
DP51.68%
EPS Next 2Y10.07%
EPS Next 3Y10.82%
EBR:ABI (1/14/2026, 9:34:18 AM)
58.68
+1.3 (+2.27%)
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 Cap114.45B
Revenue(TTM)58.61B
Net Income(TTM)7.12B
Analysts83.23
Price Target68.77 (17.19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
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)0.27%
PT rev (3m)0.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.47%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-1.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.62%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.69 | ||
| Fwd PE | 16.08 | ||
| P/S | 2.28 | ||
| P/FCF | 11.44 | ||
| P/OCF | 8.78 | ||
| P/B | 1.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.37 |
EPS(TTM)3.14
EY5.35%
EPS(NY)3.65
Fwd EY6.22%
FCF(TTM)5.13
FCFY8.74%
OCF(TTM)6.68
OCFY11.39%
SpS25.75
BVpS35.49
TBVpS-33.09
PEG (NY)3.1
PEG (5Y)N/A
Graham Number50.07
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 | 1.74 |
F-Score7
WACC6.11%
ROIC/WACC1.04
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 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 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 18.69 and the Price/Book (PB) ratio is 1.65.
How financially healthy is ANHEUSER-BUSCH INBEV SA/NV?
The financial health rating of ANHEUSER-BUSCH INBEV SA/NV (ABI.BR) is 3 / 10.