ENXTBR:ABI

Stock Analysis Report

Executive Summary

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks.

Snowflake

Fundamentals

Second-rate dividend payer and slightly overvalued.


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


Market Performance


7 Day Return

1.1%

ENXTBR:ABI

-1.0%

BE Beverage

1.1%

BE Market


1 Year Return

13.5%

ENXTBR:ABI

15.7%

BE Beverage

2.8%

BE Market

ABI underperformed the Beverage industry which returned 16.3% over the past year.

ABI outperformed the Market in Belgium which returned 3.3% over the past year.


Share holder returns

ABIIndustryMarket
7 Day1.1%-1.0%1.1%
30 Day1.6%-0.09%2.9%
90 Day12.4%2.9%6.0%
1 Year15.4%13.5%18.0%15.7%5.1%2.8%
3 Year-16.8%-22.5%16.6%9.2%-2.9%-9.8%
5 Year10.0%-2.2%49.8%34.0%22.9%7.6%

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

Valuation

Is Anheuser-Busch InBev undervalued based on future cash flows and its price relative to the stock market?

46%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Anheuser-Busch InBev's share price is below the future cash flow value, and at a moderate discount (> 20%).

Anheuser-Busch InBev's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Anheuser-Busch InBev is overvalued based on earnings compared to the Europe Beverage industry average.

Anheuser-Busch InBev is overvalued based on earnings compared to the Belgium market.


Price Based on Expected Growth

Anheuser-Busch InBev is poor value based on expected growth next year.


Price Based on Value of Assets

Anheuser-Busch InBev is overvalued based on assets compared to the Europe Beverage industry average.


Next Steps

Future Growth

How is Anheuser-Busch InBev expected to perform in the next 1 to 3 years based on estimates from 30 analysts?

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Anheuser-Busch InBev's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).

Anheuser-Busch InBev's earnings are expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).

Anheuser-Busch InBev's revenue growth is expected to exceed the Belgium market average.

Anheuser-Busch InBev's earnings growth is positive but not above the Belgium market average.

Anheuser-Busch InBev's earnings growth is expected to exceed the low risk savings rate of 0.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Anheuser-Busch InBev is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Anheuser-Busch InBev performed over the past 5 years?

-9.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Anheuser-Busch InBev's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Anheuser-Busch InBev's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Anheuser-Busch InBev's 1-year earnings growth is negative, it can't be compared to the Europe Beverage industry average.


Return on Equity

Anheuser-Busch InBev has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Anheuser-Busch InBev used its assets less efficiently than the Europe Beverage industry average last year based on Return on Assets.


Return on Capital Employed

Anheuser-Busch InBev has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Anheuser-Busch InBev's financial position?


Financial Position Analysis

Anheuser-Busch InBev's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Anheuser-Busch InBev's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Anheuser-Busch InBev's level of debt (141.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (96.7% vs 141.6% today).

Debt is not well covered by operating cash flow (14.6%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

What is Anheuser-Busch InBev's current dividend yield, its reliability and sustainability?

2.14%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Anheuser-Busch InBev's pays a lower dividend yield than the bottom 25% of dividend payers in Belgium (2.27%).

Anheuser-Busch InBev's dividend is below the markets top 25% of dividend payers in Belgium (4.52%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).


Next Steps

Management

What is the CEO of Anheuser-Busch InBev's salary, the management and board of directors tenure and is there insider trading?

5.7yrs

Average management tenure


CEO

Carlos de Brito (59yo)

13.8yrs

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 and serves as its Member of Executive Board of Management. Mr. de Brito served as Sales Dire ...


CEO Compensation Analysis

Carlos's remuneration is about average for companies of similar size in Belgium.

Carlos's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.7yrs

Average Tenure

48.5yo

Average Age

The average tenure for the Anheuser-Busch InBev management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.9yrs

Average Tenure

56.5yo

Average Age

The tenure for the Anheuser-Busch InBev board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Carlos de Brito (59yo)

    CEO & Member of Executive Management Board

    • Tenure: 13.8yrs
    • Compensation: US$2.60m
  • Felipe Dutra (54yo)

    CTO, Chief Financial & Solutions Officer and Member of Executive Management Board

    • Tenure: 5.7yrs
  • Bernardo Pinto Paiva (51yo)

    Member of Executive Management Board

    • Tenure: 0yrs
  • Michel Doukeris (46yo)

    Member of Executive Management Board

    • Tenure: 0yrs
  • David Almeida (43yo)

    Chief People Officer & Member of Executive Management Board

    • Tenure: 3.8yrs
  • Pedro De Sá Earp (42yo)

    Chief Marketing & ZX Ventures Officer and Member of Executive Management Board

    • Tenure: 4.6yrs
  • Tony Milikin (58yo)

    Chief Procurement & Sustainability Officer and Member of Executive Management Board

    • Tenure: 0yrs
  • Pete Kraemer (54yo)

    Chief Supply Officer & Member of Executive Management Board

    • Tenure: 0yrs
  • Ricardo Tadeu (43yo)

    Chief Sales Officer & Member of Executive Management Board

    • Tenure: 6.3yrs
  • Jan Craps (42yo)

    Member of Executive Management Board

    • Tenure: 0yrs

Board Members

  • Martha Burns (61yo)

    Non-Executive Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$160.50k
  • Marcel Telles (69yo)

    Non-Executive Director

    • Tenure: 15.7yrs
    • Compensation: US$105.00k
  • Alexandre Van Damme (57yo)

    Non-Executive Director

    • Tenure: 27.7yrs
    • Compensation: US$93.00k
  • Arthur Cornet de Ways-Ruart (51yo)

    Non-Executive Director

    • Tenure: 8.4yrs
    • Compensation: US$75.00k
  • Jabu Mabuza (61yo)

    Chairman of Africa Board

    • Tenure: 2.9yrs
  • Sabine Chalmers (54yo)

    Independent Director

    • Tenure: 0.4yrs
  • Claudio Moniz Garcia (51yo)

    Director

    • Tenure: 0.4yrs
  • María Asunción Aramburuzabala Larregu (56yo)

    Non-Executive Non-Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$75.00k
  • Grégoire de Spoelberch (53yo)

    Non-Executive Director

    • Tenure: 12.7yrs
    • Compensation: US$81.00k
  • Marty Barrington (66yo)

    Chairman

    • Tenure: 0.4yrs
    • Compensation: US$53.87k

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: €170.427b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANHJSE (The Johannesburg Securities Exchange)YesNew Ordinary SharesZAZARDec 2000
ABINWBAG (Wiener Boerse AG)YesNew Ordinary SharesATEURDec 2000
ABIBIT (Borsa Italiana)YesNew Ordinary SharesITEURDec 2000
ABIENXTBR (Euronext Brussels)YesNew Ordinary SharesBEEURDec 2000
ABITSWX (SIX Swiss Exchange)YesNew Ordinary SharesCHCHFDec 2000
0RJILSE (London Stock Exchange)YesNew Ordinary SharesGBEURDec 2000
BUDF.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDDec 2000
1NBADB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURDec 2000
1NBAXTRA (XETRA Trading Platform)YesNew Ordinary SharesDEEURDec 2000
ANB *BMV (Bolsa Mexicana de Valores)YesNew Ordinary SharesMXMXNDec 2000
ABIBBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBEURDec 2000
ITKADB (Deutsche Boerse AG)ADR EAH REP 1 ORD NPVDEEURJul 2009
BUDNYSE (New York Stock Exchange)ADR EAH REP 1 ORD NPVUSUSDJul 2009

Biography

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer bran ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 22:27
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.