ABI Stock Analysis: Anheuser Busch Inbev | BR
Beverages - Brewers | BR, Belgium | Market Cap: 138.378m EUR | 12M Return: 26% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 102M
EPS Trend: 95.6%
Qual. Beats: 2
Rev. Trend: 7.1%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 7.25b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.08 > 1.0 |
| NWC/Revenue: -15.92% < 20% (prev -17.11%; Δ 1.18% < -1%) |
| CFO/TA 0.07 > 3% & CFO 15.5b > Net Income 7.25b |
| Net Debt (63.5b) to EBITDA (22.0b): 2.89 < 3 |
| Current Ratio: 0.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.98b) vs 12m ago -0.80% < -2% |
| Gross Margin: 56.17% > 18% (prev 55.59%; Δ 0.58% > 0.5%) |
| Asset Turnover: 28.65% > 50% (prev 28.48%; Δ 0.18% > 0%) |
| Interest Coverage Ratio: 4.41 > 6 (EBIT TTM 16.3b / Interest Expense TTM 3.70b) |
| A: -0.04 (Total Current Assets 24.8b - Total Current Liabilities 34.5b) / Total Assets 219b |
| B: 0.23 (Retained Earnings 50.1b / Total Assets 219b) |
| C: 0.08 (EBIT TTM 16.3b / Avg Total Assets 213b) |
| D: 0.81 (Book Value of Equity 97.7b / Total Liabilities 121b) |
| Altman-Z'' = 1.82 = BBB |
As of July 28, 2026, the stock is trading at EUR 71.12 with a total of 1,751,039 shares traded. Over the past week, the price has changed by -0.08%, over one month by -3.26%, over three months by +15.21% and over the past year by +25.95%.
Current recommended Stop Loss: 67.80 (which is 4.7% or 2.2 ATR below the current price).
Anheuser Busch Inbev has no consensus analysts rating.
Market Cap USD = 158b (138b EUR * 1.141 EUR.USD)
P/E Trailing = 22.5994
P/E Forward = 18.6567
P/S = 2.27
P/B = 1.8035
P/EG = 1.8895
Revenue TTM = 61.0b USD
EBIT TTM = 16.3b USD
EBITDA TTM = 22.0b USD
Long Term Debt = 72.1b USD (from longTermDebt, last fiscal year)
Short Term Debt = 898.0m USD (from shortTermDebt, last fiscal year)
Debt = 75.4b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 2.40b
Net Debt = 63.5b USD (calculated: Debt 75.4b - CCE 11.9b)
Enterprise Value = 221b USD (158b + Debt 75.4b - CCE 11.9b)
Interest Coverage Ratio = 4.41 (Ebit TTM 16.3b / Interest Expense TTM 3.70b)
EV/FCF = 18.95x (Enterprise Value 221b / FCF TTM 11.7b)
FCF Yield = 5.28% (FCF TTM 11.7b / Enterprise Value 221b)
FCF Margin = 19.17% (FCF TTM 11.7b / Revenue TTM 61.0b)
Net Margin = 11.90% (Net Income TTM 7.25b / Revenue TTM 61.0b)
Gross Margin = 56.17% ((Revenue TTM 61.0b - Cost of Revenue TTM 26.7b) / Revenue TTM)
Gross Margin QoQ = 56.64% (prev 55.36%)
Tobins Q-Ratio = 1.01 (Enterprise Value 221b / Total Assets 219b)
Interest Expense / Debt = 4.91% (Interest Expense 3.70b / Debt 75.4b)
Taxrate = 25.72% (2.97b / 11.6b)
NOPAT = 12.1b (EBIT 16.3b * (1 - 25.72%))
Current Ratio = 0.72 (Total Current Assets 24.8b / Total Current Liabilities 34.5b)
Debt / Equity = 0.77 (Debt 75.4b / totalStockholderEquity, last quarter 97.7b)
Debt / EBITDA = 2.89 (Net Debt 63.5b / EBITDA 22.0b)
Debt / FCF = 5.43 (Net Debt 63.5b / FCF TTM 11.7b)
Total Stockholder Equity = 89.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.41% (Net Income 7.25b / Total Assets 219b)
RoE = 8.12% (Net Income TTM 7.25b / Total Stockholder Equity 89.3b)
RoCE = 10.12% (EBIT 16.3b / Capital Employed (Equity 89.3b + L.T.Debt 72.1b))
RoIC = 6.66% (NOPAT 12.1b / Invested Capital 182b)
WACC = 4.74% (E(158b)/V(233b) * Re(5.27%) + D(75.4b)/V(233b) * Rd(4.91%) * (1-Tc(0.26)))
Discount Rate = 5.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -73.21 | Cagr: -0.84%
[DCF] Terminal Value 76.00% ; FCFF base≈11.5b ; Y1≈12.0b ; Y5≈13.6b
[DCF] Fair Price = 85.75 (EV 210b - Net Debt 63.5b = Equity 147b / Shares 1.71b; r=8.35% [WACC [floored]]; 5y FCF grow 4.40% → 2.50% )
EPS Correlation: 95.57 | EPS CAGR: 8.57% | SUE: 1.24 | # QB: 2
Revenue Correlation: 7.11 | Revenue CAGR: 0.09% | SUE: 0.93 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.11 | Chg30d=-1.06% | Revisions=-50% | Analysts=8
EPS next Quarter (2026-09-30): EPS=1.16 | Chg30d=-0.20% | Revisions=-17% | Analysts=6
EPS current Year (2026-12-31): EPS=4.41 | Chg30d=+0.10% | Revisions=-36% | GrowthEPS=+18.3% | GrowthRev=+8.5%
EPS next Year (2027-12-31): EPS=4.87 | Chg30d=+0.04% | Revisions=+13% | GrowthEPS=+10.4% | GrowthRev=+3.9%
[Analyst] Revisions Ratio: -22% (up=11, down=18)