Anheuser-Busch InBev SA/NV
ABI: XBRU (BEL)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| €97.00 | Dxght | Dzycfyxtv |
Anheuser-Busch InBev Earnings: North America Volume Weighs in Q4, but It Could Regain Share in 2024
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Anheuser-Busch InBev, or AB InBev, closed the books on a miserable year with underlying full-year earnings per share of $3.05, in line with our forecasts although volume was again a shade below our estimate. We retain our wide moat rating and $90 fair value estimate for the ADRs. We believe that there is still material upside to the stock from its market value on Feb. 29 and that share gains from trading down and a boost from the declining dollar could provide triggers to capture some of that upside this year.