Valuation Anheuser-Busch InBev SA/NV

Equities

Real-time Euronext Bruxelles Other stock markets 18:02:00 05/03/2026 +03			5-day change	1st Jan Change
64.46 ^EUR	-0.03%		-4.42%	+17.38%

03-04	European Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading	MT
03-03	Billionaire Olivier Goudet, Platin SARL Raise Stake in Treasury Wine Estates	MT

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	146,278	-	-
Change	-	-2.56%	7.59%	-23.22%	27.77%	16.22%	-	-
Enterprise Value (EV) ¹	198,527	188,951	195,867	159,107	186,766	204,052	198,955	193,471
Change	-	-4.82%	3.66%	-18.77%	17.38%	9.26%	-2.5%	-2.76%
P/E ratio	26.5x	20.7x	24.4x	17.1x	18.7x	17.1x	15.5x	14.1x
PBR	1.77x	1.65x	1.59x	1.28x	1.47x	1.63x	1.55x	1.49x
PEG	-	0.7x	-2.73x	1.7x	1x	0.6x	1.5x	1.4x
Capitalization / Revenue	2.25x	2.06x	2.16x	1.65x	2.12x	2.3x	2.22x	2.13x
EV / Revenue	3.66x	3.27x	3.3x	2.66x	3.15x	3.21x	3.02x	2.82x
EV / EBITDA	10.3x	9.52x	9.81x	7.59x	8.8x	8.84x	8.16x	7.57x
EV / EBIT	13.8x	12.8x	13.4x	10.3x	11.8x	11.7x	10.6x	9.82x
EV / FCF	21.7x	23.2x	22.7x	14.2x	15.3x	16.5x	15.5x	14.4x
FCF Yield	4.61%	4.31%	4.4%	7.03%	6.55%	6.07%	6.46%	6.92%
Dividend per Share ²	0.557	0.795	0.8864	1.05	1.365	1.435	1.648	1.854
Rate of return	0.92%	1.32%	1.37%	2.1%	2.12%	1.91%	2.2%	2.47%
EPS ²	2.28	2.91	2.65	2.92	3.45	4.375	4.825	5.32
Distribution rate	24.4%	27.3%	33.4%	36%	39.6%	32.8%	34.2%	34.9%
Net sales ¹	54,304	57,786	59,380	59,768	59,320	63,544	65,967	68,614
EBITDA ¹	19,209	19,843	19,976	20,958	21,223	23,094	24,386	25,571
EBIT ¹	14,438	14,768	14,590	15,462	15,854	17,487	18,702	19,693
Net income ¹	4,670	5,969	5,341	5,855	6,837	8,922	9,482	10,261
Net Debt ¹	76,162	69,713	67,573	60,600	60,900	57,774	52,677	47,193
Reference price ²	60.47	60.14	64.57	49.95	64.46	74.99	74.99	74.99
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	2/24/22 A	3/2/23 A	2/29/24 A	2/26/25 A	2/12/26 A	-	-	-

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	17.14x	3.21x	8.84x	1.91%	146B
HEINEKEN N.V.	15.92x	1.86x	8.26x	2.73%	47.2B
AMBEV S.A.	15.61x	2.43x	7.48x	5.63%	46.69B
CONSTELLATION BRANDS, INC.	14.69x	4.09x	11.08x	2.7%	26.22B
CARLSBERG A/S	15.41x	1.97x	9.18x	3.32%	19.47B
ASAHI GROUP HOLDINGS, LTD.	14.43x	1.25x	8.79x	3.09%	15.34B
KIRIN HOLDINGS COMPANY, LIMITED	14.18x	1.19x	8.98x	2.88%	13.47B
BUDWEISER BREWING COMPANY APAC LIMITED	20.71x	1.74x	6.28x	5.52%	12.63B
Average	16.01x	2.22x	8.61x	3.47%	40.91B
Weighted average by Cap.	16.34x	2.67x	8.67x	2.94%