ANHEUSER-BUSCH INBEV-SPN ADR (BUD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BUD - US03524A1088 - ADR
67.89 USD
+1.15 (+1.72%)
68.17 USD
+0.28 (+0.41%)
BUD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 33 industry peers in the Beverages industry. BUD has a medium profitability rating, but doesn't score so well on its financial health evaluation. BUD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- BUD had positive earnings in the past year.
- In the past year BUD had a positive cash flow from operations.
- BUD had positive earnings in each of the past 5 years.
- Each year in the past 5 years BUD had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.37%, BUD is in line with its industry, outperforming 45.45% of the companies in the same industry.
- The Return On Equity of BUD (8.82%) is comparable to the rest of the industry.
- BUD has a worse Return On Invested Capital (6.35%) than 60.61% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BUD is significantly below the industry average of 11.45%.
- The 3 year average ROIC (6.05%) for BUD 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
- BUD has a Profit Margin of 12.16%. This is in the better half of the industry: BUD outperforms 78.79% of its industry peers.
- BUD's Profit Margin has declined in the last couple of years.
- With an excellent Operating Margin value of 26.51%, BUD belongs to the best of the industry, outperforming 84.85% of the companies in the same industry.
- BUD's Operating Margin has declined in the last couple of years.
- BUD has a Gross Margin of 55.70%. This is in the better half of the industry: BUD outperforms 72.73% of its industry peers.
- BUD'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 BUD is still creating some value.
- BUD has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for BUD has been increased compared to 5 years ago.
- Compared to 1 year ago, BUD has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.75, we must say that BUD is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of BUD (1.75) is comparable to the rest of the industry.
- The Debt to FCF ratio of BUD is 6.48, which is on the high side as it means it would take BUD, 6.48 years of fcf income to pay off all of its debts.
- BUD's Debt to FCF ratio of 6.48 is in line compared to the rest of the industry. BUD outperforms 57.58% of its industry peers.
- A Debt/Equity ratio of 0.89 indicates that BUD is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.89, BUD is doing worse than 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.75 |
ROIC/WACC1.01
WACC6.28%
2.3 Liquidity
- BUD has a Current Ratio of 0.64. This is a bad value and indicates that BUD is not financially healthy enough and could expect problems in meeting its short term obligations.
- BUD has a Current ratio of 0.64. This is in the lower half of the industry: BUD underperforms 78.79% of its industry peers.
- BUD has a Quick Ratio of 0.64. This is a bad value and indicates that BUD is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.48, BUD is doing worse than 69.70% of the companies in the same industry.
| 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.
- BUD shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.83% yearly.
- BUD shows a decrease in Revenue. In the last year, the revenue decreased by -1.34%.
- 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
- BUD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.06% yearly.
- BUD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.08% yearly.
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
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 18.20 indicates a rather expensive valuation of BUD.
- The rest of the industry has a similar Price/Earnings ratio as BUD.
- When comparing the Price/Earnings ratio of BUD to the average of the S&P500 Index (27.30), we can say BUD is valued slightly cheaper.
- The Price/Forward Earnings ratio is 15.68, which indicates a correct valuation of BUD.
- BUD's Price/Forward Earnings ratio is in line with the industry average.
- BUD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.2 | ||
| Fwd PE | 15.68 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BUD is valued a bit cheaper than 75.76% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of BUD indicates a rather cheap valuation: BUD is cheaper than 84.85% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.36 | ||
| EV/EBITDA | 9.47 |
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)3.02
PEG (5Y)N/A
EPS Next 2Y10.07%
EPS Next 3Y10.82%
5. Dividend
5.1 Amount
- BUD has a Yearly Dividend Yield of 1.22%. Purely for dividend investing, there may be better candidates out there.
- BUD's Dividend Yield is comparable with the industry average which is at 1.77.
- BUD'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 BUD decreases each year by -12.03%.
- BUD has been paying a dividend for at least 10 years, so it has a reliable track record.
- The dividend of BUD decreased recently.
Dividend Growth(5Y)-12.03%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- 51.68% of the earnings are spent on dividend by BUD. This is a bit on the high side, but may be sustainable.
DP51.68%
EPS Next 2Y10.07%
EPS Next 3Y10.82%
67.89
+1.15 (+1.72%)
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 Change0.01%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap132.41B
Revenue(TTM)58.61B
Net Income(TTM)7.12B
Analysts83.23
Price Target79.94 (17.75%)
Short Float %0.82%
Short Ratio3.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
Yearly Dividend1.35
Dividend Growth(5Y)-12.03%
DP51.68%
Div Incr Years1
Div Non Decr Years1
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)0.44%
PT rev (3m)0.22%
EPS NQ rev (1m)-3.39%
EPS NQ rev (3m)-7.7%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-4.62%
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 | 18.2 | ||
| Fwd PE | 15.68 | ||
| P/S | 2.26 | ||
| P/FCF | 11.36 | ||
| P/OCF | 8.72 | ||
| P/B | 1.64 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.47 |
EPS(TTM)3.73
EY5.49%
EPS(NY)4.33
Fwd EY6.38%
FCF(TTM)5.98
FCFY8.81%
OCF(TTM)7.79
OCFY11.47%
SpS30
BVpS41.36
TBVpS-38.56
PEG (NY)3.02
PEG (5Y)N/A
Graham Number58.92
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
WACC6.28%
ROIC/WACC1.01
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-SPN ADR / BUD FAQ
Can you provide the ChartMill fundamental rating for ANHEUSER-BUSCH INBEV-SPN ADR?
ChartMill assigns a fundamental rating of 4 / 10 to BUD.
Can you provide the valuation status for ANHEUSER-BUSCH INBEV-SPN ADR?
ChartMill assigns a valuation rating of 4 / 10 to ANHEUSER-BUSCH INBEV-SPN ADR (BUD). This can be considered as Fairly Valued.
What is the profitability of BUD stock?
ANHEUSER-BUSCH INBEV-SPN ADR (BUD) has a profitability rating of 5 / 10.
Can you provide the expected EPS growth for BUD stock?
The Earnings per Share (EPS) of ANHEUSER-BUSCH INBEV-SPN ADR (BUD) is expected to grow by 6.02% in the next year.
Can you provide the dividend sustainability for BUD stock?
The dividend rating of ANHEUSER-BUSCH INBEV-SPN ADR (BUD) is 3 / 10 and the dividend payout ratio is 51.68%.