ANHEUSER-BUSCH INBEV-SPN ADR (BUD) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:BUD • US03524A1088
72.45 USD
+0.77 (+1.07%)
At close: Feb 2, 2026
72.4 USD
-0.05 (-0.07%)
After Hours: 2/2/2026, 7:33:46 PM
Overall BUD gets a fundamental rating of 4 out of 10. We evaluated BUD 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 is not valued too expensively and it also shows a decent 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.
- In the past 5 years BUD always reported a positive cash flow from operatings.
1.2 Ratios
- BUD's Return On Assets of 3.37% is in line compared to the rest of the industry. BUD outperforms 45.45% of its industry peers.
- BUD has a Return On Equity of 8.82%. This is comparable to the rest of the industry: BUD outperforms 45.45% of its industry peers.
- BUD has a Return On Invested Capital of 6.35%. This is in the lower half of the industry: BUD underperforms 60.61% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for BUD is significantly below the industry average of 11.45%.
- The last Return On Invested Capital (6.35%) for BUD is above the 3 year average (6.05%), which is a sign of increasing profitability.
| 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
- The Profit Margin of BUD (12.16%) is better than 78.79% of its industry peers.
- In the last couple of years the Profit Margin of BUD has declined.
- Looking at the Operating Margin, with a value of 26.51%, BUD belongs to the top of the industry, outperforming 84.85% of the companies in the same industry.
- In the last couple of years the Operating Margin of BUD has declined.
- 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 below the Cost of Capital (WACC), so BUD is destroying value.
- The number of shares outstanding for BUD has been reduced compared to 1 year ago.
- The number of shares outstanding for BUD has been increased compared to 5 years ago.
- BUD has a better debt/assets ratio than last year.
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.
- BUD's Altman-Z score of 1.78 is in line compared to the rest of the industry. BUD outperforms 45.45% of its industry peers.
- 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 has a Debt to FCF ratio (6.48) which is comparable to the rest of the industry.
- BUD has a Debt/Equity ratio of 0.89. This is a neutral value indicating 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 | 1.78 |
ROIC/WACC0.99
WACC6.42%
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.
- The Current ratio of BUD (0.64) is worse than 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 worse Quick ratio (0.48) than 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.
- BUD shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.83% yearly.
- 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
- 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 Y5.33%
EPS Next 2Y10.25%
EPS Next 3Y11.16%
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
- With a Price/Earnings ratio of 19.37, BUD is valued on the expensive side.
- BUD's Price/Earnings is on the same level as the industry average.
- The average S&P500 Price/Earnings ratio is at 28.41. BUD is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 16.64, the valuation of BUD can be described as correct.
- The rest of the industry has a similar Price/Forward Earnings ratio as BUD.
- BUD is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.64, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.37 | ||
| Fwd PE | 16.64 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BUD indicates a somewhat cheap valuation: BUD is cheaper than 72.73% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, BUD is valued cheaply inside the industry as 84.85% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.09 | ||
| EV/EBITDA | 9.8 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BUD does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.64
PEG (5Y)N/A
EPS Next 2Y10.25%
EPS Next 3Y11.16%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.85%, BUD has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 1.74, BUD has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, BUD has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.85% |
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.
- 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 2Y10.25%
EPS Next 3Y11.16%
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 5.33% 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%.