ANHEUSER-BUSCH INBEV-SPN ADR (BUD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BUD - US03524A1088 - ADR
68.68 USD
-0.11 (-0.16%)
BUD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 33 industry peers in the Beverages industry. While BUD is still in line with the averages on profitability rating, there are concerns on its financial health. BUD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year BUD was profitable.
- In the past year BUD had a positive cash flow from operations.
- In the past 5 years BUD has always been profitable.
- BUD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a Return On Assets value of 3.37%, BUD perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
- BUD's Return On Equity of 8.82% is in line compared to the rest of the industry. BUD outperforms 45.45% of its industry peers.
- The Return On Invested Capital of BUD (6.35%) is worse than 60.61% of its industry peers.
- BUD had an Average Return On Invested Capital over the past 3 years of 6.05%. This 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 better Profit Margin (12.16%) than 78.79% of its industry peers.
- In the last couple of years the Profit Margin of BUD has declined.
- The Operating Margin of BUD (26.51%) is better than 84.85% of its industry peers.
- BUD's Operating Margin has declined in the last couple of years.
- With a decent Gross Margin value of 55.70%, BUD is doing good in the industry, outperforming 72.73% of the companies in the same industry.
- In the last couple of years the Gross Margin of BUD 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
- BUD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for BUD has been reduced compared to 1 year ago.
- Compared to 5 years ago, BUD has more shares outstanding
- Compared to 1 year ago, BUD has an improved debt to assets ratio.
2.2 Solvency
- BUD has an Altman-Z score of 1.75. This is a bad value and indicates that BUD is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 1.75, BUD perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
- BUD has a debt to FCF ratio of 6.48. This is a slightly negative value and a sign of low solvency as BUD would need 6.48 years to pay back of 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.
- BUD has a Debt/Equity ratio of 0.89. This is a neutral value indicating BUD is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.89, BUD is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.75 |
ROIC/WACC1.01
WACC6.29%
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's Current ratio of 0.64 is on the low side compared to the rest of the industry. BUD is outperformed by 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.
- BUD has a Quick ratio of 0.48. This is in the lower half of the industry: BUD underperforms 69.70% 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.
- The Earnings Per Share has been decreasing by -1.83% on average over the past years.
- Looking at the last year, BUD shows a decrease in Revenue. The Revenue has decreased by -1.34% in the last year.
- Measured over the past years, BUD 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
- The Earnings Per Share is expected to grow by 10.06% on average over the next years. This is quite good.
- The Revenue is expected to grow by 4.08% on average over the next years.
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
- Based on the Price/Earnings ratio of 18.41, the valuation of BUD can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of BUD is on the same level as its industry peers.
- The average S&P500 Price/Earnings ratio is at 27.33. BUD is valued slightly cheaper when compared to this.
- BUD is valuated correctly with a Price/Forward Earnings ratio of 15.86.
- Based on the Price/Forward Earnings ratio, BUD is valued a bit cheaper than the industry average as 60.61% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of BUD to the average of the S&P500 Index (24.12), we can say BUD is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.41 | ||
| Fwd PE | 15.86 |
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 | 11.49 | ||
| EV/EBITDA | 9.55 |
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)3.06
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.
- Compared to an average industry Dividend Yield of 1.77, BUD has a dividend in line with its industry peers.
- BUD's Dividend Yield is slightly below the S&P500 average, which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
5.2 History
- The dividend of BUD decreases each year by -12.03%.
- BUD has paid a dividend for at least 10 years, which is a reliable track record.
- BUD has decreased its dividend 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%
NYSE:BUD (1/15/2026, 10:32:08 AM)
68.68
-0.11 (-0.16%)
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 Cap133.95B
Revenue(TTM)58.61B
Net Income(TTM)7.12B
Analysts83.23
Price Target79.94 (16.39%)
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 | 18.41 | ||
| Fwd PE | 15.86 | ||
| P/S | 2.29 | ||
| P/FCF | 11.49 | ||
| P/OCF | 8.82 | ||
| P/B | 1.66 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.55 |
EPS(TTM)3.73
EY5.43%
EPS(NY)4.33
Fwd EY6.31%
FCF(TTM)5.98
FCFY8.7%
OCF(TTM)7.79
OCFY11.34%
SpS30
BVpS41.36
TBVpS-38.56
PEG (NY)3.06
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
WACC6.29%
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%.