Anheuser-Busch InBev SA/NV

BIT:1ABI Stock Report

Market Cap: €96.5b

Anheuser-Busch InBev Valuation

Is 1ABI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1ABI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1ABI (€48.91) is trading below our estimate of fair value (€167.9)

Significantly Below Fair Value: 1ABI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1ABI?

Key metric: As 1ABI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1ABI. This is calculated by dividing 1ABI's market cap by their current earnings.
What is 1ABI's PE Ratio?
PE Ratio15.5x
EarningsUS$6.53b
Market CapUS$101.00b

Price to Earnings Ratio vs Peers

How does 1ABI's PE Ratio compare to its peers?

The above table shows the PE ratio for 1ABI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.4x
CPR Davide Campari-Milano
23.5x15.1%€7.3b
ABEV3 Ambev
14.4x8.2%R$206.0b
HEIA Heineken
37x24.2%€39.0b
2502 Asahi Group Holdings
14.5x7.5%JP¥2.5t
1ABI Anheuser-Busch InBev
15.5x10.3%€96.5b

Price-To-Earnings vs Peers: 1ABI is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (22.5x).

Price to Earnings Ratio vs Industry

How does 1ABI's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1ABI 15.5xIndustry Avg. 18.0xNo. of Companies8PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1ABI is good value based on its Price-To-Earnings Ratio (15.5x) compared to the European Beverage industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is 1ABI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1ABI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ratio25.3x

Price-To-Earnings vs Fair Ratio: 1ABI is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (25.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1ABI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€48.91
€68.52
+40.1%
11.2%€85.18€55.02n/a23
Dec ’25€50.98
€69.09
+35.5%
10.0%€84.73€55.50n/a23
Nov ’25€55.16
€68.23
+23.7%
9.4%€82.61€54.11n/a23
Oct ’25€60.38
€67.33
+11.5%
9.6%€80.87€54.24n/a23
Sep ’25€55.32
€65.97
+19.2%
10.3%€80.99€54.32n/a23
Aug ’25€56.24
€66.78
+18.7%
10.0%€82.96€55.25n/a24
Jul ’25€54.42
€67.04
+23.2%
9.9%€83.91€55.52n/a25
Jun ’25€57.52
€67.18
+16.8%
9.2%€83.42€55.20n/a25
May ’25€56.46
€66.99
+18.6%
10.0%€84.27€55.76n/a24
Apr ’25€56.43
€66.23
+17.4%
10.0%€84.96€54.48n/a24
Mar ’25€55.74
€65.08
+16.8%
10.5%€84.79€53.64n/a25
Feb ’25€57.35
€65.26
+13.8%
10.1%€82.72€53.67n/a25
Jan ’25€58.40
€62.81
+7.6%
10.8%€81.11€48.62n/a25
Dec ’24€58.11
€62.95
+8.3%
11.1%€81.66€48.95€50.9825
Nov ’24€52.77
€64.31
+21.9%
10.9%€84.78€48.73€55.1626
Oct ’24€52.36
€66.07
+26.2%
10.8%€85.96€52.04€60.3828
Sep ’24€52.24
€64.10
+22.7%
11.3%€83.22€50.38€55.3228
Aug ’24€51.60
€63.51
+23.1%
11.6%€82.08€50.00€56.2428
Jul ’24€51.72
€63.91
+23.6%
10.7%€82.95€52.89€54.4226
Jun ’24€50.00
€65.30
+30.6%
12.7%€84.35€40.52€57.5227
May ’24€59.00
€64.04
+8.5%
13.0%€81.96€39.47€56.4627
Apr ’24€61.47
€62.81
+2.2%
13.6%€82.44€39.70€56.4326
Mar ’24€57.02
€64.22
+12.6%
14.0%€88.65€40.61€55.7428
Feb ’24€55.61
€62.16
+11.8%
13.9%€86.04€39.42€57.3528
Jan ’24€56.22
€60.66
+7.9%
12.6%€75.08€40.44€58.4028
Dec ’23€56.78
€61.60
+8.5%
14.3%€80.13€41.14€58.1129

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 08:47
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Anheuser-Busch InBev SA/NV is covered by 77 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert Jan VosABN AMRO Bank N.V.
Anna ZyniewiczAlphaValue
null nullArgus Research Company