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Market Cap

€121.6b

Last Updated

2021/05/12 19:14 UTC

Data Sources

Company Financials +

Executive Summary

Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. More Details


Snowflake Analysis

Fair value with concerning outlook.


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 is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ABI's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

5.1%

ABI

1.9%

BE Beverage

1.4%

BE Market


1 Year Return

66.7%

ABI

39.4%

BE Beverage

35.6%

BE Market

Return vs Industry: ABI exceeded the Belgian Beverage industry which returned 32.5% over the past year.

Return vs Market: ABI exceeded the Belgian Market which returned 31.5% over the past year.


Shareholder returns

ABIIndustryMarket
7 Day5.1%1.9%1.4%
30 Day12.8%7.2%4.8%
90 Day17.3%12.6%6.8%
1 Year68.9%66.7%41.8%39.4%37.7%35.6%
3 Year-19.7%-22.7%10.3%4.7%0.9%-3.9%
5 Year-38.1%-43.5%13.8%3.5%-0.8%-9.9%

Long-Term 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 compared to its fair value and its price relative to the market?

37.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ABI (€61.68) is trading below our estimate of fair value (€98.38)

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 (64.7x) compared to the European Beverage industry average (31.1x).

PE vs Market: ABI is poor value based on its PE Ratio (64.7x) compared to the Belgian market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: ABI is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: ABI is good value based on its PB Ratio (2.2x) compared to the XE Beverage industry average (2.5x).


Future Growth

How is Anheuser-Busch InBev forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?

14.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABI's forecast earnings growth (14.6% per year) is above the savings rate (1.2%).

Earnings vs Market: ABI's earnings (14.6% per year) are forecast to grow slower than the Belgian market (15.7% per year).

High Growth Earnings: ABI's earnings are forecast to grow, but not significantly.

Revenue vs Market: ABI's revenue (4.8% per year) is forecast to grow slower than the Belgian market (5% per year).

High Growth Revenue: ABI's revenue (4.8% 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 (9.9%).


Past Performance

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

-11.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABI has a large one-off loss of $3.1B impacting its March 31 2021 financial results.

Growing Profit Margin: ABI's current net profit margins (4.8%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: ABI's earnings have declined by 11.2% 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 (-17.2%) over the past year, making it difficult to compare to the Beverage industry average (-16.1%).


Return on Equity

High ROE: ABI's Return on Equity (4.2%) is considered low.


Financial Health

How is Anheuser-Busch InBev's financial position?


Financial Position Analysis

Short Term Liabilities: ABI's short term assets ($26.5B) do not cover its short term liabilities ($32.4B).

Long Term Liabilities: ABI's short term assets ($26.5B) do not cover its long term liabilities ($115.7B).


Debt to Equity History and Analysis

Debt Level: ABI's debt to equity ratio (122.9%) is considered high.

Reducing Debt: ABI's debt to equity ratio has increased from 109.6% to 122.9% over the past 5 years.

Debt Coverage: ABI's debt is not well covered by operating cash flow (11.3%).

Interest Coverage: ABI's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Dividend

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

0.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ABI's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (1.79%).

High Dividend: ABI's dividend (0.78%) is low compared to the top 25% of dividend payers in the Belgian market (4.33%).


Stability and Growth of Payments

Stable Dividend: ABI is not paying a notable dividend for the Belgian market, therefore no need to check if payments are stable.

Growing Dividend: ABI is not paying a notable dividend for the Belgian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ABI is not paying a notable dividend for the Belgian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ABI's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Carlos de Brito (60 yo)

15.42yrs

Tenure

US$2,600,000

Compensation

Mr. Carlos Alves de Brito has been the Chief Executive Officer of Anheuser-Busch Inbev SA (ABI) (formerly known as Anheuser-Busch InBev SA/NV) since December 2005. He has been a Co-Chairman of Ambev S.A. s...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Carlos's total compensation is reasonable compared to companies of similar size in the Belgian market.

Compensation vs Earnings: Carlos's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ABI's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: ABI's board of directors are considered experienced (6.6 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: NaN
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €121.648b
  • Shares outstanding: 1.97b
  • Website: https://www.ab-inbev.com

Number of Employees


Location

  • Anheuser-Busch InBev SA/NV
  • Brouwerijplein 1
  • Leuven
  • Flemish Brabant
  • 3000
  • Belgium

Listings


Biography

Anheuser-Busch InBev SA/NV 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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/12 19:14
End of Day Share Price2021/05/12 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.