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Anheuser-Busch InBev SA/NV ABI

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Stock XBRU Rating as of
€68.66 +0.22 (0.32%)
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As of Delayed Price Closed

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

Verushka Shetty

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.

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Price vs Fair Value

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ABI is trading at a LOCK|qnGx#C premium.
Price
€68.66
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.

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Trading Information

Previous Close Price
€68.44
Day Range
€68.26–69.20
52-Week Range
€51.02–76.18
Bid/Ask
€68.50 / €69.00
Shares Outstanding
1.97B
Market Cap
€135.20B
Volume/Avg
1M / 2M

Key Statistics

Price/Earnings (Normalized)
15.14
Price/Sales
2.57
Dividend Yield (Trailing)
1.67%
Dividend Yield (Forward)
1.67%
Dividend Payment Schedule
May, Nov
Total Yield
2.75%

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
Website
https://www.ab-inbev.com

Competitors

Valuation

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Metric
ABI
HEIA
00291
Price/Earnings (Normalized)
 15.1414.0219.59
Price/Book Value
 1.652.091.51
Price/Sales
 2.571.331.45
Price/Cash Flow
 9.758.287.43
Price/Earnings
ABI
HEIA
00291

Financial Strength

Metric
ABI
HEIA
00291
Quick Ratio
 0.450.510.68
Current Ratio
 0.660.750.97
Interest Coverage
 4.725.6747.82
Quick Ratio
ABI
HEIA
00291

Profitability

Metric
ABI
HEIA
00291
Return on Assets (Normalized)
 3.78%5.06%7.04%
Return on Equity (Normalized)
 9.37%15.07%14.52%
Return on Invested Capital (Normalized)
 6.28%7.96%12.07%
Return on Assets
ABI
HEIA
00291

Beverages - Brewers Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Fomento Economico Mexicano SAB de CV ADR
FMX
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 Anheuser-Busch InBev SA/NV
BUDFF
LOCK|P@ZL!G$CLOCK|vw$152B
 Anheuser-Busch InBev SA/NV ADR
BUD
LOCK|pV&@@dHLOCK|YP?$152B
 Ambev SA ADR
ABEV
LOCK|Y?Y$yRrLOCK|mPw$49B
 Heineken NV ADR
HEINY
LOCK|qcLM<#LOCK|wW$44B
 Heineken NV
HINKF
—LOCK|#p$44B
 Heineken NV CDR (CAD Hedged) -BMO
HNIKF
—LOCK|>>N$44B
 Constellation Brands Inc Class A
STZ
LOCK|c^qvKktLOCK|w!h$21B
 Heineken Holding NV
HKHHF
—LOCK|$?HW$21B
 Molson Coors Beverage Co Shs -B- Non-Voting
TAP
LOCK|>L@W^NLOCK|?FK$7B

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