Anheuser-Busch InBev
Market Cap
€87.9b
Last Updated
2020/07/06 20:46 UTC
Data Sources
Company Financials +
Executive Summary
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and fair value.
Similar Companies
Share Price & News
How has Anheuser-Busch InBev's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ABI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
6.7%
ABI
3.3%
BE Beverage
-0.3%
BE Market
1 Year Return
-43.5%
ABI
-26.1%
BE Beverage
-19.9%
BE Market
Return vs Industry: ABI underperformed the Belgian Beverage industry which returned -27.6% over the past year.
Return vs Market: ABI underperformed the Belgian Market which returned -22.3% over the past year.
Shareholder returns
| ABI | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.7% | 3.3% | -0.3% |
| 30 Day | -9.1% | -5.0% | -3.9% |
| 90 Day | 6.9% | 8.1% | 7.2% |
| 1 Year | -42.7%-43.5% | -24.8%-26.1% | -18.7%-19.9% |
| 3 Year | -49.8%-52.7% | -12.9%-18.0% | -22.4%-27.1% |
| 5 Year | -54.9%-59.6% | -8.5%-17.7% | -23.3%-31.6% |
Price Volatility Vs. Market
How volatile is Anheuser-Busch InBev's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Anheuser-Busch InBev SA/NV (EBR:ABI) A Risky Dividend Stock?3 months ago | Simply Wall St
Do Institutions Own Anheuser-Busch InBev SA/NV (EBR:ABI) Shares?3 months ago | Simply Wall St
A Sliding Share Price Has Us Looking At Anheuser-Busch InBev SA/NV's (EBR:ABI) P/E RatioValuation
Is Anheuser-Busch InBev undervalued compared to its fair value and its price relative to the market?
29.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ABI (€46.51) is trading below our estimate of fair value (€65.8)
Significantly Below Fair Value: ABI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ABI is poor value based on its PE Ratio (35.5x) compared to the Beverage industry average (19x).
PE vs Market: ABI is poor value based on its PE Ratio (35.5x) compared to the Belgian market (14x).
Price to Earnings Growth Ratio
PEG Ratio: ABI is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: ABI is good value based on its PB Ratio (1.4x) compared to the XE Beverage industry average (1.6x).
Next Steps
Future Growth
How is Anheuser-Busch InBev forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
27.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABI's forecast earnings growth (27.1% per year) is above the savings rate (1.6%).
Earnings vs Market: ABI's earnings (27.1% per year) are forecast to grow faster than the Belgian market (18.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ABI's revenue (5% per year) is forecast to grow faster than the Belgian market (3.2% per year).
High Growth Revenue: ABI's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ABI's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has Anheuser-Busch InBev performed over the past 5 years?
-2.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABI has a large one-off loss of $1.9B impacting its March 31 2020 financial results.
Growing Profit Margin: ABI's current net profit margins (5.7%) are lower than last year (12.8%).
Past Earnings Growth Analysis
Earnings Trend: ABI's earnings have declined by -2% per year over the past 5 years.
Accelerating Growth: ABI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ABI had negative earnings growth (-57.8%) over the past year, making it difficult to compare to the Beverage industry average (2.8%).
Return on Equity
High ROE: ABI's Return on Equity (4.7%) is considered low.
Next Steps
Financial Health
How is Anheuser-Busch InBev's financial position?
Financial Position Analysis
Short Term Liabilities: ABI's short term assets ($28.8B) do not cover its short term liabilities ($34.8B).
Long Term Liabilities: ABI's short term assets ($28.8B) do not cover its long term liabilities ($117.3B).
Debt to Equity History and Analysis
Debt Level: ABI's debt to equity ratio (119.5%) is considered high.
Reducing Debt: ABI's debt to equity ratio has increased from 94.1% to 119.5% over the past 5 years.
Debt Coverage: ABI's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: ABI's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
Next Steps
Dividend
What is Anheuser-Busch InBev current dividend yield, its reliability and sustainability?
2.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ABI's dividend (2.78%) is higher than the bottom 25% of dividend payers in the Belgian market (2.56%).
High Dividend: ABI's dividend (2.78%) is low compared to the top 25% of dividend payers in the Belgian market (5.66%).
Stability and Growth of Payments
Stable Dividend: ABI's dividend payments have been volatile in the past 10 years.
Growing Dividend: ABI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (99.2%), ABI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ABI's dividends in 3 years are forecast to be well covered by earnings (43% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Carlos de Brito (60yo)
14.58yrs
Tenure
US$2,600,000
Compensation
Mr. Carlos Alves de Brito has been the Chief Executive Officer of Anheuser-Busch InBev SA/NV since December 2005. Mr. de Brito served as Sales Director of Cervejarias Kaiser Brasil S/A. He served as Zone P ...
CEO Compensation Analysis
Compensation vs Market: Carlos's total compensation ($USD0.00) is below average for companies of similar size in the Belgian market ($USD2.68M).
Compensation vs Earnings: Carlos's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 14.58yrs | US$2.60m | no data | |
| Chief Financial Officer | 0.25yr | no data | no data | |
| Chief Strategy & Technology Officer | 0.25yr | no data | no data | |
| Global Vice President of Investor Relations Institutional Investors & Analysts | no data | no data | no data | |
| Chief Legal | 2.92yrs | no data | no data | |
| Vice President of Global Ethics & Compliance | no data | no data | no data | |
| Vice President of Global External Communications | no data | no data | no data | |
| Chief Marketing & ZX Ventures Officer | 1.5yrs | no data | no data | |
| Chief Sales Officer | 1.5yrs | no data | no data | |
| Chief People Officer | 0.25yr | no data | no data |
1.5yrs
Average Tenure
44yo
Average Age
Experienced Management: ABI's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Independent Director | 5.25yrs | US$167.17k | no data | |
| Non-Executive Director | 0.50yr | US$26.50k | no data | |
| Non-Executive Director | 28.5yrs | US$96.00k | no data | |
| Non-Executive Director | 9.25yrs | US$79.67k | no data | |
| Chairman of Africa Board | 3.75yrs | no data | no data | |
| Non-Executive Director | 1.25yrs | US$50.00k | no data | |
| Non-Executive Director | 1.25yrs | US$54.67k | no data | |
| Non-Executive Non-Independent Director | 6.25yrs | US$75.00k | no data | |
| Non-Executive Director | 13.5yrs | US$82.00k | no data | |
| Non-Executive Chairman | 1.25yrs | US$213.67k | no data |
4.5yrs
Average Tenure
57.5yo
Average Age
Experienced Board: ABI's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Anheuser-Busch InBev SA/NV's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Anheuser-Busch InBev SA/NV
- Ticker: ABI
- Exchange: ENXTBR
- Founded: 1366
- Industry: Brewers
- Sector: Food, Beverage & Tobacco
- Market Cap: €87.927b
- Shares outstanding: 1.96b
- Website: https://www.ab-inbev.com
Number of Employees
Location
- Anheuser-Busch InBev SA/NV
- Brouwerijplein 1
- Leuven
- Flemish Brabant
- 3000
- Belgium
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ABI | BIT (Borsa Italiana) | Yes | New Ordinary Shares | IT | EUR | Dec 2000 |
| ABI | ENXTBR (Euronext Brussels) | Yes | New Ordinary Shares | BE | EUR | Dec 2000 |
| ABIT | SWX (SIX Swiss Exchange) | Yes | New Ordinary Shares | CH | CHF | Dec 2000 |
| 0RJI | LSE (London Stock Exchange) | Yes | New Ordinary Shares | GB | EUR | Dec 2000 |
| ANH | JSE (The Johannesburg Securities Exchange) | Yes | New Ordinary Shares | ZA | ZAR | Dec 2000 |
| 1NBA | DB (Deutsche Boerse AG) | Yes | New Ordinary Shares | DE | EUR | Dec 2000 |
| 1NBA | XTRA (XETRA Trading Platform) | Yes | New Ordinary Shares | DE | EUR | Dec 2000 |
| ANB * | BMV (Bolsa Mexicana de Valores) | Yes | New Ordinary Shares | MX | MXN | Dec 2000 |
| ABIB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Ordinary Shares | GB | EUR | Dec 2000 |
| BUDF.F | OTCPK (Pink Sheets LLC) | Yes | New Ordinary Shares | US | USD | Dec 2000 |
| ABIN | WBAG (Wiener Boerse AG) | Yes | New Ordinary Shares | AT | EUR | Dec 2000 |
| BUD | NYSE (New York Stock Exchange) | ADR EAH REP 1 ORD NPV | US | USD | Jul 2009 | |
| ITKA | DB (Deutsche Boerse AG) | ADR EAH REP 1 ORD NPV | DE | EUR | Jul 2009 |
Biography
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck’s, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands. The company was founded in 1366 and is headquartered in Leuven, Belgium.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/06 20:46 |
| End of Day Share Price | 2020/07/06 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.