Valuation Anheuser-Busch InBev SA/NV

Equities

Market Closed - Euronext Bruxelles Other stock markets 16:55:00 11/12/2025 GMT			After hours 20:59:50
54.12 ^EUR	+2.11%		54.00	-0.22%

02:19pm	Sector Update: Consumer Stocks Mixed Pre-Bell Thursday	MT
02:01pm	Sector Update: Consumer	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	136,641	122,365	119,238	128,294	98,507	120,533	-	-
Change	-	-10.45%	-2.56%	7.59%	-23.22%	22.36%	-	-
Enterprise Value (EV) ¹	219,557	198,527	188,951	195,867	159,107	178,200	172,893	167,998
Change	-	-9.58%	-4.82%	3.66%	-18.77%	12%	-2.98%	-2.83%
P/E ratio	99.6x	26.5x	20.7x	24.4x	17.1x	18.1x	14.8x	13x
PBR	2.05x	1.77x	1.65x	1.59x	1.28x	1.51x	1.41x	1.33x
PEG	-	0x	0.7x	-2.73x	1.7x	1.1x	0.6x	1x
Capitalization / Revenue	2.91x	2.25x	2.06x	2.16x	1.65x	2.02x	1.92x	1.85x
EV / Revenue	4.68x	3.66x	3.27x	3.3x	2.66x	2.99x	2.75x	2.58x
EV / EBITDA	12.7x	10.3x	9.52x	9.81x	7.59x	8.35x	7.56x	7x
EV / EBIT	17.3x	13.8x	12.8x	13.4x	10.3x	11.2x	9.97x	9.15x
EV / FCF	30.9x	21.7x	23.2x	22.7x	14.2x	16.6x	14.5x	13.2x
FCF Yield	3.24%	4.61%	4.31%	4.4%	7.03%	6.03%	6.9%	7.58%
Dividend per Share ²	0.6112	0.557	0.795	0.8864	1.05	1.253	1.406	1.614
Rate of return	0.88%	0.92%	1.32%	1.37%	2.1%	2.03%	2.28%	2.61%
EPS ²	0.7	2.28	2.91	2.65	2.92	3.405	4.184	4.736
Distribution rate	87.3%	24.4%	27.3%	33.4%	36%	36.8%	33.6%	34.1%
Net sales ¹	46,881	54,304	57,786	59,380	59,768	59,612	62,799	65,061
EBITDA ¹	17,321	19,209	19,843	19,976	20,958	21,344	22,860	24,013
EBIT ¹	12,723	14,438	14,768	14,590	15,462	15,964	17,334	18,370
Net income ¹	1,405	4,670	5,969	5,341	5,855	7,046	8,330	9,202
Net Debt ¹	82,916	76,162	69,713	67,573	60,600	57,667	52,360	47,465
Reference price ²	69.74	60.47	60.14	64.57	49.95	61.73	61.73	61.73
Nbr of stocks (in thousands)	1,959,378	2,023,621	1,982,782	1,986,774	1,971,987	1,952,642	-	-
Announcement Date	25/02/21	24/02/22	02/03/23	29/02/24	26/02/25	-	-	-

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	18.13x	2.99x	8.35x	2.03%	121B
HEINEKEN N.V.	18.5x	1.8x	8.21x	2.78%	43.88B
AMBEV S.A.	14.12x	2.12x	6.55x	7.2%	38.68B
CONSTELLATION BRANDS, INC.	14.29x	4.05x	10.96x	2.75%	25.85B
HEINEKEN HOLDING N.V.	17.22x	-	-	-	19.58B
CARLSBERG A/S	14.76x	1.89x	9x	3.55%	17.12B
ASAHI GROUP HOLDINGS, LTD.	14.73x	1.31x	9.12x	2.92%	16.7B
BUDWEISER BREWING COMPANY APAC LIMITED	20.92x	1.83x	6.49x	5.35%	13.23B
KIRIN HOLDINGS COMPANY, LIMITED	12.7x	1.1x	8.38x	3.22%	12.1B
Average	16.15x	2.14x	8.38x	3.72%	34.18B
Weighted average by Cap.	16.83x	2.49x	8.32x	3.25%