East African Breweries PLC

UGSE:EABL Stock Report

Market Cap: USh4.1t

East African Breweries Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 EABL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EABL (UGX4053) is trading above our estimate of fair value (UGX1444.49)

Significantly Below Fair Value: EABL is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EABL. This is calculated by dividing EABL's market cap by their current earnings.
What is EABL's PE Ratio?
PE Ratio17.8x
EarningsKSh8.15b
Market CapKSh144.73b

Price to Earnings Ratio vs Peers

How does EABL's PE Ratio compare to its peers?

The above table shows the PE ratio for EABL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
TBL Tanzania Breweries
24.5xn/aTSh3.2t
SNJUANC1 Cerveceria San Juan
11.9xn/aS/4.0b
CARLSBG Carlsberg Brewery Malaysia Berhad
18.7x6.4%RM 6.3b
MLBI Multi Bintang Indonesia
12.1xn/aRp13.7t
EABL East African Breweries
17.8xn/aUSh144.7b

Price-To-Earnings vs Peers: EABL is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

How does EABL's PE Ratio compare vs other companies in the Global Beverage Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
EABL 17.8xIndustry Avg. 18.2xNo. of Companies32PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EABL is good value based on its Price-To-Earnings Ratio (17.8x) compared to the Global Beverage industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is EABL'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.

EABL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EABL's Price-To-Earnings Fair Ratio for valuation analysis.

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 EABL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUSh4,053.00
USh4,540.86
+12.0%
8.0%USh4,903.28USh4,178.45n/a2
Nov ’25USh4,053.00
USh4,540.86
+12.0%
8.0%USh4,903.28USh4,178.45n/a2
Oct ’25USh4,053.00
USh4,622.27
+14.0%
8.0%USh4,991.19USh4,253.36n/a2
Sep ’25USh4,053.00
USh4,622.27
+14.0%
8.0%USh4,991.19USh4,253.36n/a2
Aug ’25USh4,053.00
USh4,579.44
+13.0%
23.7%USh6,045.15USh3,461.57n/a3
Jul ’25USh4,053.00
USh4,579.44
+13.0%
23.7%USh6,045.15USh3,461.57n/a3
Jun ’25USh4,053.00
USh4,586.06
+13.2%
23.3%USh6,063.82USh3,472.26n/a4
May ’25USh4,053.00
USh4,586.06
+13.2%
23.3%USh6,063.82USh3,472.26n/a4
Apr ’25USh4,053.00
USh3,832.28
-5.4%
20.8%USh4,996.83USh2,861.28n/a5
Mar ’25USh4,053.00
USh3,832.28
-5.4%
20.8%USh4,996.83USh2,861.28n/a5
Feb ’25USh4,053.00
USh4,024.76
-0.7%
17.3%USh4,935.19USh2,984.61n/a4
Jan ’25USh4,053.00
USh4,243.36
+4.7%
17.3%USh5,203.23USh3,146.71n/a4
Dec ’24USh4,053.00
USh4,243.36
+4.7%
17.3%USh5,203.23USh3,146.71n/a4
Nov ’24USh4,053.00
USh4,519.91
+11.5%
9.4%USh5,236.58USh4,164.32USh4,053.004
Oct ’24USh4,053.00
USh4,835.48
+19.3%
16.5%USh5,959.81USh4,235.27USh4,053.003
Sep ’24USh4,053.00
USh5,112.97
+26.2%
12.2%USh6,067.35USh4,311.69USh4,053.004
Aug ’24USh4,053.00
USh5,014.22
+23.7%
12.2%USh5,950.17USh4,228.42USh4,053.004
Jul ’24USh4,053.00
USh5,679.47
+40.1%
12.2%USh6,739.60USh4,789.41USh4,053.004
Jun ’24USh4,053.00
USh5,679.47
+40.1%
12.2%USh6,739.60USh4,789.41USh4,053.004
May ’24USh4,053.00
USh5,679.47
+40.1%
12.2%USh6,739.60USh4,789.41USh4,053.004
Apr ’24USh4,053.00
USh5,679.47
+40.1%
12.2%USh6,739.60USh4,789.41USh4,053.004
Mar ’24USh4,053.00
USh5,852.80
+44.4%
10.9%USh6,906.46USh4,908.00USh4,053.005
Feb ’24USh4,053.00
USh5,992.16
+47.8%
12.1%USh7,035.87USh4,999.96USh4,053.004
Jan ’24USh4,053.00
USh5,992.16
+47.8%
12.1%USh7,035.87USh4,999.96USh4,053.004
Dec ’23USh4,053.00
USh6,177.78
+52.4%
10.8%USh7,217.25USh5,128.86USh4,053.005
Nov ’23USh4,053.00
USh6,749.00
+66.5%
14.2%USh8,100.35USh5,281.94USh4,053.005

Analyst Forecast: Target price is lower than the current share price.

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