ABI Stock Analysis: Anheuser Busch Inbev | BR
Beverages - Brewers | BR, Belgium | Market Cap: 135.948m EUR | 12M Return: 36.6% | BE0974293251 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 114M
EPS Trend: 96.6%
Qual. Beats: 3
Rev. Trend: 47.5%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Anheuser-Busch InBev SA/NV (ABI) is one of the worlds largest brewers, headquartered in Leuven, Belgium, and tracing its origins to 1366. The company operates across six reportable segments-North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export & Holding Companies-producing and selling beer in virtually every major region globally.
Its brand portfolio spans approximately 500 beer brands, anchored by global flagships Budweiser, Corona Extra, Michelob Ultra, and Stella Artois, alongside strong regional labels such as Brahma, SKOL, Quilmes, Becks, Harbin, and Modelo Especial. Beyond beer, ABI has extended into flavored malt beverages, soft drinks, spirit-based ready-to-drink cocktails, and energy drinks-a diversification move that reflects the broader brewing sectors shift toward higher-growth beverage categories as traditional beer volumes flatten in mature markets.
The company is also investing in digital and direct-to-consumer channels, including the BEES B2B commerce platform, the Zé Delivery and TaDa Delivery on-demand delivery services, and PerfectDraft, a premium at-home draft system. These platforms align with the consumer staples industrys growing focus on ecommerce, last-mile delivery, and at-home consumption occasions, particularly relevant given the mature, brand-driven economics characteristic of the global brewers sub-industry.
- Bud Light US market share losses continue post-Mulvaney boycott
- Latin America premium beer pricing drives margin expansion
- Deleveraging progress reduces interest expense burden
| Net Income: 11.8b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.05 > 1.0 |
| NWC/Revenue: -14.54% < 20% (prev -20.15%; Δ 5.61% < -1%) |
| CFO/TA 0.07 > 3% & CFO 15.5b > Net Income 11.8b |
| Net Debt (66.5b) to EBITDA (26.1b): 2.55 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.98b) vs 12m ago -0.90% < -2% |
| Gross Margin: 56.52% > 18% (prev 55.70%; Δ 0.82% > 0.5%) |
| Asset Turnover: 35.97% > 50% (prev 27.72%; Δ 8.25% > 0%) |
| Interest Coverage Ratio: 4.92 > 6 (EBIT TTM 20.5b / Interest Expense TTM 4.16b) |
| A: -0.05 (Total Current Assets 22.2b - Total Current Liabilities 33.5b) / Total Assets 218b |
| B: 0.24 (Retained Earnings 51.7b / Total Assets 218b) |
| C: 0.10 (EBIT TTM 20.5b / Avg Total Assets 215b) |
| D: 0.80 (Book Value of Equity 93.5b / Total Liabilities 117b) |
| Altman-Z'' = 1.91 = BBB |
| DSRI: 0.86 (Receivables 8.02b/7.08b, Revenue 77.2b/58.5b) |
| GMI: 0.99 (GM 55.70% / 56.52%) |
| AQI: 1.01 (AQ_t 0.79 / AQ_t-1 0.79) |
| SGI: 1.32 (Revenue 77.2b / 58.5b) |
| TATA: -0.02 (NI 11.8b - CFO 15.5b) / TA 218b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of September 08, 2026, the stock is trading at EUR 68.02 with a total of 1,285,097 shares traded. Over the past week, the price has changed by -0.38%, over one month by -6.64%, over three months by +0.21% and over the past year by +36.64%.
Current recommended Stop Loss: 64.40 (which is 5.3% or 2.8 ATR below the current price).
Anheuser Busch Inbev has no consensus analysts rating.
Market Cap USD = 158b (136b EUR * 1.1627 EUR.USD)
P/E Trailing = 17.3033
P/E Forward = 16.1812
P/S = 2.1712
P/B = 1.6811
P/EG = 1.6404
Revenue TTM = 77.2b USD
EBIT TTM = 20.5b USD
EBITDA TTM = 26.1b USD
Long Term Debt = 67.3b USD (from longTermDebt, last quarter)
Short Term Debt = 3.41b USD (from shortTermDebt, last quarter)
Debt = 74.5b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.24b
Net Debt = 66.5b USD (calculated: Debt 74.5b - CCE 8.01b)
Enterprise Value = 225b USD (158b + Debt 74.5b - CCE 8.01b)
Interest Coverage Ratio = 4.92 (Ebit TTM 20.5b / Interest Expense TTM 4.16b)
EV/FCF = 19.22x (Enterprise Value 225b / FCF TTM 11.7b)
FCF Yield = 5.20% (FCF TTM 11.7b / Enterprise Value 225b)
FCF Margin = 15.13% (FCF TTM 11.7b / Revenue TTM 77.2b)
Net Margin = 15.23% (Net Income TTM 11.8b / Revenue TTM 77.2b)
Gross Margin = 56.52% ((Revenue TTM 77.2b - Cost of Revenue TTM 33.6b) / Revenue TTM)
Gross Margin QoQ = 57.08% (prev 56.64%)
Tobins Q-Ratio = 1.03 (Enterprise Value 225b / Total Assets 218b)
Interest Expense / Debt = 5.58% (Interest Expense 4.16b / Debt 74.5b)
Taxrate = 22.03% (3.90b / 17.7b)
NOPAT = 16.0b (EBIT 20.5b * (1 - 22.03%))
Current Ratio = 0.66 (Total Current Assets 22.2b / Total Current Liabilities 33.5b)
Debt / Equity = 0.80 (Debt 74.5b / totalStockholderEquity, last quarter 93.5b)
Debt / EBITDA = 2.55 (Net Debt 66.5b / EBITDA 26.1b)
Debt / FCF = 5.69 (Net Debt 66.5b / FCF TTM 11.7b)
Total Stockholder Equity = 92.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.48% (Net Income 11.8b / Total Assets 218b)
RoE = 12.72% (Net Income TTM 11.8b / Total Stockholder Equity 92.5b)
RoCE = 12.81% (EBIT 20.5b / Capital Employed (Equity 92.5b + L.T.Debt 67.3b))
RoIC = 8.65% (NOPAT 16.0b / Invested Capital 184b)
WACC = 5.02% (E(158b)/V(233b) * Re(5.34%) + D(74.5b)/V(233b) * Rd(5.58%) * (1-Tc(0.22)))
Discount Rate = 5.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -83.57 | Cagr: -0.87%
[DCF] Terminal Value 76.00% ; FCFF base≈11.5b ; Y1≈12.0b ; Y5≈13.6b
[DCF] Fair Price = 82.17 (EV 210b - Net Debt 66.5b = Equity 144b / Shares 1.75b; r=8.35% [WACC [floored]]; 5y FCF grow 4.40% → 2.50% )
EPS Correlation: 96.62 | EPS CAGR: 9.94% | SUE: 1.80 | # QB: 3
Revenue Correlation: 47.47 | Revenue CAGR: 4.10% | SUE: 4.0 | # QB: 2
EPS current Quarter (2026-09-30): EPS=1.17 | Chg30d=+0.49% | Revisions=+29% | Analysts=6
EPS current Year (2026-12-31): EPS=4.45 | Chg30d=-0.24% | Revisions=+68% | GrowthEPS=+19.4% | GrowthRev=+9.1%
EPS next Year (2027-12-31): EPS=4.92 | Chg30d=+0.07% | Revisions=+43% | GrowthEPS=+10.4% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: +59% (up=35, down=8)