Valuation Anheuser-Busch InBev SA/NV

Equities

Market Closed - Euronext Bruxelles Other stock markets 16:55:00 10/04/2026 BST			5-day change	1st Jan Change
64.44 ^EUR	+1.23%		+4.78%	+17.38%

04-09	European alcoholic drinks companies seek India tariff relief as shortages of cans, bottles loom	RE
04-09	AB INBEV : Gets a Buy rating from Jefferies	ZD

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	122,365	119,238	128,294	98,507	125,866	147,560	-	-
Change	-	-2.56%	7.59%	-23.22%	27.77%	17.24%	-	-
Enterprise Value (EV) ¹	198,527	188,951	195,867	159,107	186,766	205,780	200,798	195,495
Change	-	-4.82%	3.66%	-18.77%	17.38%	10.18%	-2.42%	-2.64%
P/E ratio	26.5x	20.7x	24.4x	17.1x	18.7x	17.3x	15.9x	14.2x
PBR	1.77x	1.65x	1.59x	1.28x	1.47x	1.65x	1.57x	1.51x
PEG	-	0.7x	-2.73x	1.7x	1x	0.7x	1.7x	1.3x
Capitalization / Revenue	2.25x	2.06x	2.16x	1.65x	2.12x	2.33x	2.25x	2.16x
EV / Revenue	3.66x	3.27x	3.3x	2.66x	3.15x	3.25x	3.06x	2.87x
EV / EBITDA	10.3x	9.52x	9.81x	7.59x	8.8x	8.96x	8.29x	7.69x
EV / EBIT	13.8x	12.8x	13.4x	10.3x	11.8x	11.8x	10.8x	10x
EV / FCF	21.7x	23.2x	22.7x	14.2x	15.3x	15.8x	14.9x	13.9x
FCF Yield	4.61%	4.31%	4.4%	7.03%	6.55%	6.35%	6.73%	7.19%
Dividend per Share ²	0.557	0.795	0.8864	1.05	1.365	1.429	1.639	1.837
Rate of return	0.92%	1.32%	1.37%	2.1%	2.12%	1.89%	2.17%	2.43%
EPS ²	2.28	2.91	2.65	2.92	3.45	4.363	4.771	5.312
Distribution rate	24.4%	27.3%	33.4%	36%	39.6%	32.7%	34.3%	34.6%
Net sales ¹	54,304	57,786	59,380	59,768	59,320	63,329	65,711	68,216
EBITDA ¹	19,209	19,843	19,976	20,958	21,223	22,958	24,217	25,437
EBIT ¹	14,438	14,768	14,590	15,462	15,854	17,394	18,523	19,462
Net income ¹	4,670	5,969	5,341	5,855	6,837	8,711	9,335	10,190
Net Debt ¹	76,162	69,713	67,573	60,600	60,900	58,220	53,238	47,935
Reference price ²	60.47	60.14	64.57	49.95	64.46	75.64	75.64	75.64
Nbr of stocks (in thousands)	2,023,621	1,982,782	1,986,774	1,971,987	1,952,642	1,950,752	-	-
Announcement Date	24/02/22	02/03/23	29/02/24	26/02/25	12/02/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ANHEUSER-BUSCH INBEV SA/NV	17.34x	3.25x	8.96x	1.89%	148B
AMBEV S.A.	16.01x	2.51x	7.59x	5.45%	50.18B
HEINEKEN N.V.	14.85x	1.78x	7.88x	2.93%	44.59B
CONSTELLATION BRANDS, INC.	16.09x	4.36x	11.84x	2.46%	28.81B
HEINEKEN HOLDING N.V.	12.61x	-	-	-	20.75B
CARLSBERG A/S	14.2x	1.88x	8.78x	3.61%	18.36B
ASAHI GROUP HOLDINGS, LTD.	15.07x	1.23x	8.87x	3.16%	14.71B
KIRIN HOLDINGS COMPANY, LIMITED	12.17x	1.17x	8.14x	3.02%	13.42B
BUDWEISER BREWING COMPANY APAC LIMITED	20.78x	1.75x	6.35x	5.7%	13.03B
Average	15.46x	2.24x	8.55x	3.53%	39.04B
Weighted average by Cap.	16.12x	2.73x	8.71x	2.97%