ANHEUSER-BUSCH INBEV-SPN ADR (BUD) Fundamental Analysis & Valuation

NYSE:BUD • US03524A1088

Current stock price

75.55 USD
+2.74 (+3.76%)
At close:
75.5 USD
-0.05 (-0.07%)
After Hours:

This BUD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. BUD Profitability Analysis

1.1 Basic Checks

  • In the past year BUD was profitable.
  • BUD had a positive operating cash flow in the past year.
  • In the past 5 years BUD has always been profitable.
  • In the past 5 years BUD always reported a positive cash flow from operatings.
BUD Yearly Net Income VS EBIT VS OCF VS FCFBUD 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 2025 5B 10B 15B

1.2 Ratios

  • The Return On Assets of BUD (3.12%) is comparable to the rest of the industry.
  • BUD has a Return On Equity (7.83%) which is in line with its industry peers.
  • The Return On Invested Capital of BUD (6.24%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BUD is significantly below the industry average of 11.92%.
  • The 3 year average ROIC (6.13%) for BUD is below the current ROIC(6.24%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.12%
ROE 7.83%
ROIC 6.24%
ROA(3y)2.8%
ROA(5y)2.67%
ROE(3y)7.28%
ROE(5y)7.36%
ROIC(3y)6.13%
ROIC(5y)5.97%
BUD Yearly ROA, ROE, ROICBUD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • BUD has a better Profit Margin (11.53%) than 69.70% of its industry peers.
  • In the last couple of years the Profit Margin of BUD has grown nicely.
  • BUD has a better Operating Margin (26.73%) than 84.85% of its industry peers.
  • BUD's Operating Margin has been stable in the last couple of years.
  • BUD has a Gross Margin of 55.93%. This is in the better half of the industry: BUD outperforms 75.76% of its industry peers.
  • In the last couple of years the Gross Margin of BUD has remained more or less at the same level.
Industry RankSector Rank
OM 26.73%
PM (TTM) 11.53%
GM 55.93%
OM growth 3Y1.96%
OM growth 5Y0.34%
PM growth 3Y3.72%
PM growth 5Y30.92%
GM growth 3Y0.88%
GM growth 5Y-0.76%
BUD Yearly Profit, Operating, Gross MarginsBUD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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3

2. BUD Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BUD is destroying value.
  • The number of shares outstanding for BUD has been reduced compared to 1 year ago.
  • BUD has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for BUD has been reduced compared to a year ago.
BUD Yearly Shares OutstandingBUD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
BUD Yearly Total Debt VS Total AssetsBUD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B 250B

2.2 Solvency

  • Based on the Altman-Z score of 1.78, we must say that BUD is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BUD (1.78) is comparable to the rest of the industry.
  • BUD has a debt to FCF ratio of 6.50. This is a slightly negative value and a sign of low solvency as BUD would need 6.50 years to pay back of all of its debts.
  • BUD has a Debt to FCF ratio (6.50) which is in line with its industry peers.
  • BUD has a Debt/Equity ratio of 0.83. This is a neutral value indicating BUD is somewhat dependend on debt financing.
  • BUD has a Debt to Equity ratio of 0.83. This is comparable to the rest of the industry: BUD outperforms 42.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Altman-Z 1.78
ROIC/WACC0.95
WACC6.56%
BUD Yearly LT Debt VS Equity VS FCFBUD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.3 Liquidity

  • BUD has a Current Ratio of 0.72. This is a bad value and indicates that BUD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.72, BUD is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
  • BUD has a Quick Ratio of 0.72. This is a bad value and indicates that BUD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of BUD (0.57) is worse than 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.57
BUD Yearly Current Assets VS Current LiabilitesBUD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

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4

3. BUD Growth Analysis

3.1 Past

  • BUD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.27%.
  • BUD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.20% yearly.
  • BUD shows a decrease in Revenue. In the last year, the revenue decreased by -0.75%.
  • The Revenue has been growing slightly by 4.82% on average over the past years.
EPS 1Y (TTM)6.27%
EPS 3Y5.8%
EPS 5Y14.2%
EPS Q2Q%7.95%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%

3.2 Future

  • Based on estimates for the next years, BUD will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.79% on average per year.
  • BUD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.78% yearly.
EPS Next Y15.46%
EPS Next 2Y13.89%
EPS Next 3Y12.89%
EPS Next 5Y12.79%
Revenue Next Year6.91%
Revenue Next 2Y5.28%
Revenue Next 3Y4.74%
Revenue Next 5Y4.78%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 stable.
BUD Yearly Revenue VS EstimatesBUD 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
BUD Yearly EPS VS EstimatesBUD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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6

4. BUD Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 18.61, BUD is valued on the expensive side.
  • BUD's Price/Earnings ratio is in line with the industry average.
  • BUD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.77.
  • BUD is valuated correctly with a Price/Forward Earnings ratio of 16.11.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BUD indicates a somewhat cheap valuation: BUD is cheaper than 63.64% of the companies listed in the same industry.
  • BUD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.75.
Industry RankSector Rank
PE 18.61
Fwd PE 16.11
BUD Price Earnings VS Forward Price EarningsBUD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 78.79% of the companies in the same industry are more expensive than BUD, based on the Enterprise Value to EBITDA ratio.
  • 87.88% of the companies in the same industry are more expensive than BUD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.06
EV/EBITDA 9.4
BUD Per share dataBUD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of BUD may justify a higher PE ratio.
  • BUD's earnings are expected to grow with 12.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.2
PEG (5Y)1.31
EPS Next 2Y13.89%
EPS Next 3Y12.89%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. BUD Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.95%, BUD has a reasonable but not impressive dividend return.
  • BUD's Dividend Yield is comparable with the industry average which is at 1.70.
  • BUD's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.95%

5.2 History

  • On average, the dividend of BUD grows each year by 20.37%, which is quite nice.
  • 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)20.37%
Div Incr Years1
Div Non Decr Years1
BUD Yearly Dividends per shareBUD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

5.3 Sustainability

  • 66.45% of the earnings are spent on dividend by BUD. This is not a sustainable payout ratio.
  • BUD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP66.45%
EPS Next 2Y13.89%
EPS Next 3Y12.89%
BUD Yearly Income VS Free CF VS DividendBUD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B
BUD Dividend Payout.BUD Dividend Payout, showing the Payout Ratio.BUD Dividend Payout.PayoutRetained Earnings

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BUD Fundamentals: All Metrics, Ratios and Statistics

ANHEUSER-BUSCH INBEV-SPN ADR

NYSE:BUD (4/30/2026, 8:04:00 PM)

After market: 75.5 -0.05 (-0.07%)

75.55

+2.74 (+3.76%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Industry Strength45.95
Industry Growth31.33
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners21.17%
Inst Owner Change0.29%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap146.67B
Revenue(TTM)59.32B
Net Income(TTM)6.84B
Analysts80.61
Price Target89.86 (18.94%)
Short Float %0.52%
Short Ratio2.58
Dividend
Industry RankSector Rank
Dividend Yield 1.95%
Yearly Dividend2.31
Dividend Growth(5Y)20.37%
DP66.45%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.18%
Min EPS beat(2)2.28%
Max EPS beat(2)6.07%
EPS beat(4)4
Avg EPS beat(4)4.38%
Min EPS beat(4)1.01%
Max EPS beat(4)8.16%
EPS beat(8)8
Avg EPS beat(8)7.33%
EPS beat(12)12
Avg EPS beat(12)5.97%
EPS beat(16)14
Avg EPS beat(16)6.5%
Revenue beat(2)0
Avg Revenue beat(2)-1.55%
Min Revenue beat(2)-1.88%
Max Revenue beat(2)-1.22%
Revenue beat(4)0
Avg Revenue beat(4)-2.12%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)-1.22%
Revenue beat(8)2
Avg Revenue beat(8)-1.07%
Revenue beat(12)2
Avg Revenue beat(12)-1.73%
Revenue beat(16)4
Avg Revenue beat(16)-1.64%
PT rev (1m)1.84%
PT rev (3m)11.91%
EPS NQ rev (1m)-4.71%
EPS NQ rev (3m)7.52%
EPS NY rev (1m)-0.19%
EPS NY rev (3m)7.69%
Revenue NQ rev (1m)-0.99%
Revenue NQ rev (3m)0.22%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)1%
Valuation
Industry RankSector Rank
PE 18.61
Fwd PE 16.11
P/S 2.47
P/FCF 13.06
P/OCF 9.86
P/B 1.68
P/tB N/A
EV/EBITDA 9.4
EPS(TTM)4.06
EY5.37%
EPS(NY)4.69
Fwd EY6.21%
FCF(TTM)5.78
FCFY7.65%
OCF(TTM)7.67
OCFY10.15%
SpS30.56
BVpS44.96
TBVpS-37.4
PEG (NY)1.2
PEG (5Y)1.31
Graham Number64.0868 (-15.17%)
Profitability
Industry RankSector Rank
ROA 3.12%
ROE 7.83%
ROCE 8.6%
ROIC 6.24%
ROICexc 6.67%
ROICexgc 91.9%
OM 26.73%
PM (TTM) 11.53%
GM 55.93%
FCFM 18.93%
ROA(3y)2.8%
ROA(5y)2.67%
ROE(3y)7.28%
ROE(5y)7.36%
ROIC(3y)6.13%
ROIC(5y)5.97%
ROICexc(3y)6.54%
ROICexc(5y)6.37%
ROICexgc(3y)88.01%
ROICexgc(5y)80.35%
ROCE(3y)8.45%
ROCE(5y)8.23%
ROICexgc growth 3Y9.81%
ROICexgc growth 5Y12.22%
ROICexc growth 3Y2.06%
ROICexc growth 5Y6.07%
OM growth 3Y1.96%
OM growth 5Y0.34%
PM growth 3Y3.72%
PM growth 5Y30.92%
GM growth 3Y0.88%
GM growth 5Y-0.76%
F-Score8
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Debt/EBITDA 3.35
Cap/Depr 64.69%
Cap/Sales 6.16%
Interest Coverage 4.74
Cash Conversion 69.2%
Profit Quality 164.21%
Current Ratio 0.72
Quick Ratio 0.57
Altman-Z 1.78
F-Score8
WACC6.56%
ROIC/WACC0.95
Cap/Depr(3y)73.36%
Cap/Depr(5y)86.67%
Cap/Sales(3y)6.81%
Cap/Sales(5y)7.95%
Profit Quality(3y)172.3%
Profit Quality(5y)169.87%
High Growth Momentum
Growth
EPS 1Y (TTM)6.27%
EPS 3Y5.8%
EPS 5Y14.2%
EPS Q2Q%7.95%
EPS Next Y15.46%
EPS Next 2Y13.89%
EPS Next 3Y12.89%
EPS Next 5Y12.79%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%
Revenue Next Year6.91%
Revenue Next 2Y5.28%
Revenue Next 3Y4.74%
Revenue Next 5Y4.78%
EBIT growth 1Y2.54%
EBIT growth 3Y2.85%
EBIT growth 5Y5.18%
EBIT Next Year44.73%
EBIT Next 3Y16.82%
EBIT Next 5Y11.9%
FCF growth 1Y0.31%
FCF growth 3Y11.32%
FCF growth 5Y9.57%
OCF growth 1Y-1.14%
OCF growth 3Y3.82%
OCF growth 5Y6.44%

ANHEUSER-BUSCH INBEV-SPN ADR / BUD Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ANHEUSER-BUSCH INBEV-SPN ADR?

ChartMill assigns a fundamental rating of 5 / 10 to BUD.


What is the valuation status of ANHEUSER-BUSCH INBEV-SPN ADR (BUD) stock?

ChartMill assigns a valuation rating of 6 / 10 to ANHEUSER-BUSCH INBEV-SPN ADR (BUD). This can be considered as Fairly Valued.


Can you provide the profitability details for ANHEUSER-BUSCH INBEV-SPN ADR?

ANHEUSER-BUSCH INBEV-SPN ADR (BUD) has a profitability rating of 6 / 10.


What are the PE and PB ratios of ANHEUSER-BUSCH INBEV-SPN ADR (BUD) stock?

The Price/Earnings (PE) ratio for ANHEUSER-BUSCH INBEV-SPN ADR (BUD) is 18.61 and the Price/Book (PB) ratio is 1.68.


Can you provide the dividend sustainability for BUD stock?

The dividend rating of ANHEUSER-BUSCH INBEV-SPN ADR (BUD) is 4 / 10 and the dividend payout ratio is 66.45%.