Should Anheuser-Busch InBev’s US$6 Billion Buyback and Dividend Drive Action From ENXTBR:ABI Investors?

• In late October 2025, Anheuser-Busch InBev announced third-quarter results showing sales of US$15.13 billion and net income of US$1.05 billion, alongside a new US$6 billion share buyback program and an interim dividend of €0.15 per share.
• The share repurchase initiative and dividend affirmation signal robust capital return plans, even as the company reported profit pressure from lower beer volumes and regional market weakness.
• We'll assess how the large-scale buyback underscores Anheuser-Busch InBev's approach to shareholder value within its investment narrative.

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Anheuser-Busch InBev Investment Narrative Recap

For AB InBev shareholders, the core investment thesis relies on the company's ability to capitalize on premiumization and middle-class growth in emerging markets, while managing cost pressures and adapting to changing consumer tastes. The latest earnings release revealed continued volume weakness, notably in China, but the US$6 billion buyback and interim dividend suggest the short-term catalyst, capital returns, remains intact; still, sustained volume declines are the material risk to monitor.

Among recent company developments, the announcement of the two-year, US$6 billion share repurchase program stands out, reinforcing AB InBev’s commitment to returning capital even during periods of profit pressure. This move may provide a cushion for shareholders as management works through short-term headwinds, though the greatest risk remains a persistent downturn in key market volumes.

In contrast to robust capital return plans, investors should not overlook the impact that extended volume declines in China and Brazil could have on...

Read the full narrative on Anheuser-Busch InBev (it's free!)

Anheuser-Busch InBev's narrative projects $67.7 billion revenue and $9.7 billion earnings by 2028. This requires 5.0% yearly revenue growth and a $2.6 billion earnings increase from $7.1 billion today.

Uncover how Anheuser-Busch InBev's forecasts yield a €68.21 fair value, a 29% upside to its current price.

Exploring Other Perspectives

Ten private investors from the Simply Wall St Community estimated AB InBev's fair value from €52.56 to €148.02. While views differ widely, weak volumes in major markets remain a concern with real implications for future growth.

Explore 10 other fair value estimates on Anheuser-Busch InBev - why the stock might be worth just €52.56!

Build Your Own Anheuser-Busch InBev Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Anheuser-Busch InBev research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Anheuser-Busch InBev research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Anheuser-Busch InBev's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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