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

NYSE:BUD • US03524A1088

Current stock price

72.81 USD
-1.61 (-2.16%)
At close:
72.81 USD
0 (0%)
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

  • BUD had positive earnings in the past year.
  • BUD had a positive operating cash flow in the past year.
  • BUD had positive earnings in each of the past 5 years.
  • 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

  • With a Return On Assets value of 3.12%, BUD perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 7.83%, BUD is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • BUD has a Return On Invested Capital (6.24%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for BUD is significantly below the industry average of 11.83%.
  • 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's Profit Margin of 11.53% is fine compared to the rest of the industry. BUD outperforms 69.70% of its industry peers.
  • BUD's Profit Margin has improved in the last couple of years.
  • 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.
  • The Gross Margin of BUD (55.93%) is better than 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BUD is destroying value.
  • BUD has less shares outstanding than it did 1 year ago.
  • BUD has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BUD has an improved debt to assets ratio.
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 1.79, we must say that BUD is in the distress zone and has some risk of bankruptcy.
  • BUD has a Altman-Z score (1.79) which is in line with its industry peers.
  • The Debt to FCF ratio of BUD is 6.50, which is on the high side as it means it would take BUD, 6.50 years of fcf income to pay off all of its debts.
  • BUD has a Debt to FCF ratio of 6.50. This is comparable to the rest of the industry: BUD outperforms 51.52% of its industry peers.
  • A Debt/Equity ratio of 0.83 indicates that BUD is somewhat dependend on debt financing.
  • The Debt to Equity ratio of BUD (0.83) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Altman-Z 1.79
ROIC/WACC0.96
WACC6.52%
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

  • A Current Ratio of 0.72 indicates that BUD may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.72, BUD is doing worse than 81.82% of the companies in the same industry.
  • A Quick Ratio of 0.57 indicates that BUD may have some problems paying 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. BUD Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.27% over the past year.
  • BUD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.20% yearly.
  • Looking at the last year, BUD shows a decrease in Revenue. The Revenue has decreased by -0.75% in the last year.
  • Measured over the past years, BUD shows a small growth in Revenue. The Revenue has been growing by 4.82% on average per year.
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

  • BUD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.79% yearly.
  • The Revenue is expected to grow by 4.78% on average over the next years.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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

  • Based on the Price/Earnings ratio of 17.93, the valuation of BUD can be described as rather expensive.
  • BUD's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 26.54. BUD is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 15.53 indicates a correct valuation of BUD.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BUD indicates a somewhat cheap valuation: BUD is cheaper than 69.70% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.68. BUD is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.93
Fwd PE 15.53
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

  • Based on the Enterprise Value to EBITDA ratio, BUD is valued a bit cheaper than the industry average as 78.79% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, BUD is valued cheaper than 87.88% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.59
EV/EBITDA 9.54
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.
  • BUD has a very decent profitability rating, which 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)1.16
PEG (5Y)1.26
EPS Next 2Y13.89%
EPS Next 3Y12.89%

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4

5. BUD Dividend Analysis

5.1 Amount

  • BUD has a Yearly Dividend Yield of 1.95%.
  • Compared to an average industry Dividend Yield of 1.69, BUD has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, BUD has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.95%

5.2 History

  • The dividend of BUD is nicely growing with an annual growth rate of 20.37%!
  • 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)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

  • BUD pays out 66.45% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of BUD is growing, but the earnings are growing slower. 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 (4/29/2026, 8:04:00 PM)

After market: 72.81 0 (0%)

72.81

-1.61 (-2.16%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Industry Strength45.27
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 Cap141.36B
Revenue(TTM)59.32B
Net Income(TTM)6.84B
Analysts80.61
Price Target89.86 (23.42%)
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 17.93
Fwd PE 15.53
P/S 2.38
P/FCF 12.59
P/OCF 9.5
P/B 1.62
P/tB N/A
EV/EBITDA 9.54
EPS(TTM)4.06
EY5.58%
EPS(NY)4.69
Fwd EY6.44%
FCF(TTM)5.78
FCFY7.94%
OCF(TTM)7.67
OCFY10.53%
SpS30.56
BVpS44.96
TBVpS-37.4
PEG (NY)1.16
PEG (5Y)1.26
Graham Number64.0868 (-11.98%)
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 1.79
F-Score8
WACC6.52%
ROIC/WACC0.96
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 17.93 and the Price/Book (PB) ratio is 1.62.


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%.