Projected Income Statement: Anheuser-Busch InBev SA/NV

Forecast Balance Sheet: Anheuser-Busch InBev SA/NV

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 82,916 76,162 69,713 67,573 60,600 57,761 52,559 47,749
Change - -8.15% -8.47% -3.07% -10.32% -4.68% -9.01% -9.15%
Announcement Date 25/02/21 24/02/22 02/03/23 29/02/24 26/02/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: Anheuser-Busch InBev SA/NV

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 3,781 5,640 5,160 4,638 3,863 3,809 4,272 4,482
Change - 49.17% -8.51% -10.12% -16.71% -1.39% 12.15% 4.9%
Free Cash Flow (FCF) 1 7,110 9,159 8,138 8,627 11,192 10,743 11,931 12,734
Change - 28.82% -11.15% 6.01% 29.73% -4.01% 11.05% 6.73%
Announcement Date 25/02/21 24/02/22 02/03/23 29/02/24 26/02/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Anheuser-Busch InBev SA/NV

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 36.95% 35.37% 34.34% 33.64% 35.07% 35.79% 36.38% 36.87%
EBIT Margin (%) 27.14% 26.59% 25.56% 24.57% 25.87% 26.79% 27.61% 28.25%
EBT Margin (%) 4.43% 15.58% 16.48% 15.37% 17.68% 19.51% 21.7% 22.96%
Net margin (%) 3% 8.6% 10.33% 8.99% 9.8% 11.79% 13.27% 14.11%
FCF margin (%) 15.17% 16.87% 14.08% 14.53% 18.73% 18.02% 19% 19.57%
FCF / Net Income (%) 506.05% 196.12% 136.34% 161.52% 191.15% 152.92% 143.21% 138.76%

Profitability

        
ROA 0.61% 2.58% 2.77% 2.47% 2.75% 3.43% 3.83% 4.25%
ROE 5.3% 8.37% 8.4% 6.88% 7.31% 9.15% 9.89% 10.61%

Financial Health

        
Leverage (Debt/EBITDA) 4.79x 3.96x 3.51x 3.38x 2.89x 2.71x 2.3x 1.99x
Debt / Free cash flow 11.66x 8.32x 8.57x 7.83x 5.41x 5.38x 4.41x 3.75x

Capital Intensity

        
CAPEX / Current Assets (%) 8.07% 10.39% 8.93% 7.81% 6.46% 6.39% 6.8% 6.89%
CAPEX / EBITDA (%) 21.83% 29.36% 26% 23.22% 18.43% 17.85% 18.7% 18.68%
CAPEX / FCF (%) 53.18% 61.58% 63.41% 53.76% 34.52% 35.46% 35.81% 35.19%

Items per share

        
Cash flow per share 1 5.451 7.37 6.61 6.58 7.516 6.683 7.682 8.461
Change - 35.21% -10.31% -0.45% 14.23% -11.09% 14.95% 10.14%
Dividend per Share 1 0.6112 0.557 0.795 0.8864 1.05 1.265 1.419 1.628
Change - -8.88% 42.73% 11.5% 18.46% 20.44% 12.22% 14.76%
Book Value Per Share 1 34.05 34.21 36.46 40.6 39.06 40.86 43.82 46.48
Change - 0.5% 6.57% 11.35% -3.79% 4.6% 7.25% 6.07%
EPS 1 0.7 2.28 2.91 2.65 2.92 3.405 4.184 4.736
Change - 225.71% 27.63% -8.93% 10.19% 16.61% 22.89% 13.19%
Nbr of stocks (in thousands) 1,959,378 2,023,621 1,982,782 1,986,774 1,971,987 1,952,642 1,952,642 1,952,642
Announcement Date 25/02/21 24/02/22 02/03/23 29/02/24 26/02/25 - - -
1USD
Estimates
2025 *2026 *
P/E ratio 18x 14.7x
PBR 1.5x 1.4x
EV / Sales 2.98x 2.74x
Yield 2.06% 2.31%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
25
Last Close Price
61.33USD
Average target price
78.80USD
Spread / Average Target
+28.48%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. ABI Stock
  4. Financials Anheuser-Busch InBev SA/NV