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

NYSE:BUD • US03524A1088

Current stock price

67.57 USD
-0.37 (-0.54%)
At close:
67.57 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.
  • Each year in the past 5 years BUD has been profitable.
  • BUD had a positive operating cash flow in each of the past 5 years.
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

  • Looking at the Return On Assets, with a value of 3.12%, BUD is in line with its industry, outperforming 44.12% 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 47.06% of the companies in the same industry.
  • BUD's Return On Invested Capital of 6.24% is in line compared to the rest of the industry. BUD outperforms 41.18% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BUD is significantly below the industry average of 11.81%.
  • 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 67.65% of its industry peers.
  • In the last couple of years the Profit Margin of BUD has grown nicely.
  • Looking at the Operating Margin, with a value of 26.73%, BUD belongs to the top of the industry, outperforming 85.29% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BUD has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 55.93%, BUD is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
  • BUD's Gross Margin has been stable in the last couple of years.
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.
  • 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

  • BUD has an Altman-Z score of 1.74. This is a bad value and indicates that BUD is not financially healthy and even has some risk of bankruptcy.
  • BUD has a Altman-Z score of 1.74. This is comparable to the rest of the industry: BUD outperforms 47.06% of 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 50.00% of its industry peers.
  • A Debt/Equity ratio of 0.83 indicates that BUD is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.83, BUD is in line with its industry, outperforming 41.18% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Altman-Z 1.74
ROIC/WACC0.99
WACC6.31%
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.
  • The Current ratio of BUD (0.72) is worse than 76.47% of its industry peers.
  • A Quick Ratio of 0.57 indicates that BUD may have some problems paying its short term obligations.
  • BUD has a worse Quick ratio (0.57) than 64.71% 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.
  • 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 13.29% on average per year.
  • BUD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.90% yearly.
EPS Next Y16.01%
EPS Next 2Y14.18%
EPS Next 3Y13.09%
EPS Next 5Y13.29%
Revenue Next Year7.07%
Revenue Next 2Y5.42%
Revenue Next 3Y4.84%
Revenue Next 5Y4.9%

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.
  • 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

  • A Price/Earnings ratio of 16.68 indicates a correct valuation of BUD.
  • BUD's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, BUD is valued a bit cheaper.
  • BUD is valuated correctly with a Price/Forward Earnings ratio of 14.38.
  • BUD's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BUD is cheaper than 64.71% of the companies in the same industry.
  • BUD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 16.68
Fwd PE 14.38
BUD Price Earnings VS Forward Price EarningsBUD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • 79.41% of the companies in the same industry are more expensive than BUD, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, BUD is valued cheaply inside the industry as 85.29% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.72
EV/EBITDA 8.69
BUD Per share dataBUD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

  • BUD's 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.
  • A more expensive valuation may be justified as BUD's earnings are expected to grow with 13.09% in the coming years.
PEG (NY)1.04
PEG (5Y)1.17
EPS Next 2Y14.18%
EPS Next 3Y13.09%

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

4

5. BUD Dividend Analysis

5.1 Amount

  • BUD has a Yearly Dividend Yield of 2.09%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.85, BUD has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.90, BUD has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.09%

5.2 History

  • On average, the dividend of BUD grows each year by 20.37%, which is quite nice.
  • BUD has paid a dividend for at least 10 years, which is 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.
  • The dividend of BUD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP66.45%
EPS Next 2Y14.18%
EPS Next 3Y13.09%
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 (3/27/2026, 8:04:00 PM)

After market: 67.57 0 (0%)

67.57

-0.37 (-0.54%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners20.7%
Inst Owner Change-3.47%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap131.56B
Revenue(TTM)59.32B
Net Income(TTM)6.84B
Analysts81.82
Price Target88.23 (30.58%)
Short Float %0.66%
Short Ratio2.93
Dividend
Industry RankSector Rank
Dividend Yield 2.09%
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)7.87%
PT rev (3m)10.86%
EPS NQ rev (1m)2.53%
EPS NQ rev (3m)13.96%
EPS NY rev (1m)1.25%
EPS NY rev (3m)8.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.83%
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)1.11%
Valuation
Industry RankSector Rank
PE 16.68
Fwd PE 14.38
P/S 2.22
P/FCF 11.72
P/OCF 8.84
P/B 1.51
P/tB N/A
EV/EBITDA 8.69
EPS(TTM)4.05
EY5.99%
EPS(NY)4.7
Fwd EY6.95%
FCF(TTM)5.77
FCFY8.53%
OCF(TTM)7.64
OCFY11.31%
SpS30.47
BVpS44.83
TBVpS-37.29
PEG (NY)1.04
PEG (5Y)1.17
Graham Number63.92
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 1.74
F-Score8
WACC6.31%
ROIC/WACC0.99
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 Y16.01%
EPS Next 2Y14.18%
EPS Next 3Y13.09%
EPS Next 5Y13.29%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%
Revenue Next Year7.07%
Revenue Next 2Y5.42%
Revenue Next 3Y4.84%
Revenue Next 5Y4.9%
EBIT growth 1Y2.54%
EBIT growth 3Y2.85%
EBIT growth 5Y5.18%
EBIT Next Year45.03%
EBIT Next 3Y16.86%
EBIT Next 5Y12.12%
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.


Can you provide the valuation status for ANHEUSER-BUSCH INBEV-SPN ADR?

ChartMill assigns a valuation rating of 6 / 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 6 / 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 16.01% in the next year.


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%.