Anheuser-Busch InBev SA/NV ADR BUD

Morningstar Rating
$73.02 −0.45 (0.61%)
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Company Report

Anheuser-Busch InBev Is Well Placed to Capitalize on Market Shifts

Anheuser-Busch InBev spearheaded the consolidation of the brewing industry. Previous acquisitions have led to InBev being the largest brewer with more than double the volume of its second-largest peer, Heineken. InBev’s monopolylike positions in several markets give the firm significant fixed-cost leverage and procurement pricing power. The firm’s industry-leading margins, excess returns on invested capital, and best-in-class conversion reflect this.

Price vs Fair Value

BUD is trading at a LOCK|!$$?Yw premium.
Price
$73.47
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

InBev's worldwide scale and distribution are colossal. Its top 20 brands each generate more than $1 billion per year in revenue, and its volume sold is more than double that of its closest competitor.

Bears

InBev has expanded into volatile markets including Latin America and Africa, where macro and currency swings, as well as geopolitical events,have a meaningful impact on results.

News

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Trading Information

Previous Close Price
$73.47
Day Range
$72.34–73.55
52-Week Range
$58.44–86.60
Bid/Ask
$72.47 / $73.75
Shares Outstanding
1.97B
Market Cap
$143.79B
Volume/Avg
3M / 2M

Key Statistics

Price/Earnings (Normalized)
13.89
Price/Sales
2.36
Dividend Yield (Trailing)
1.83%
Dividend Yield (Forward)
1.83%
Dividend Payment Schedule
Jun, Dec
Total Yield
3.00%

Company Profile

Anheuser-Busch InBev is the largest brewer in the world and one of the top five consumer product companies by EBITDA. The company's portfolio contains six of the top 10 beer brands by volume, and we estimate it distributes 23 brands with retail sales over $1 billion. AB InBev was created by the 2008 merger of Belgium-based InBev and US-based Anheuser-Busch. The firm holds a 62% economic interest in Ambev, an 87% stake in Budweiser APAC, and in 2016 acquired SABMiller.
Sector
Consumer Defensive
Industry
Beverages - Brewers
Stock Style Box
Large Core
Total Number of Employees
137,000

Competitors

Valuation

Metric
BUD
00291
600600
Price/Earnings (Normalized)
13.8919.2415.58
Price/Book Value
1.551.482.18
Price/Sales
2.361.432.16
Price/Cash Flow
8.947.2913.59
Price/Earnings
BUD
00291
600600

Financial Strength

Metric
BUD
00291
600600
Quick Ratio
0.450.681.20
Current Ratio
0.660.971.51
Interest Coverage
4.7247.82390.78
Quick Ratio
BUD
00291
600600

Profitability

Metric
BUD
00291
600600
Return on Assets (Normalized)
3.78%7.04%7.81%
Return on Equity (Normalized)
9.37%14.52%13.59%
Return on Invested Capital (Normalized)
6.28%12.07%12.37%
Return on Assets
BUD
00291
600600

Beverages - Brewers Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Fomento Economico Mexicano SAB de CV ADR
FMX
LOCK|bY@#YDLOCK|mj%<—
Anheuser-Busch InBev SA/NV
BUDFF
LOCK|^h?Ym>&hLOCK|T&#$146B
Ambev SA ADR
ABEV
LOCK|Td@xxC$LOCK|$&$45B
Heineken NV
HINKF
—LOCK|t&$44B
Heineken NV ADR
HEINY
LOCK|?<w%fbLOCK|h@$44B
Heineken NV CDR (CAD Hedged) -BMO
HNIKF
—LOCK|^Z?$44B
Heineken Holding NV ADR
HKHHY
—LOCK|k^$#$20B
Constellation Brands Inc Class A
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LOCK|&mDjM##LOCK|>f$19B
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