Anheuser-Busch Inbev Sa (BUD) AI Stock Analysis

• Market Cap: $139.02B
• Dividend Yield: 1.83%
• Average Volume (3M): 1.72M
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.26
• Revenue Growth: -2.06%
• EPS Growth: 21.03%
• Country: US
• Employees: 144,000
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Alcoholic
• EPS (TTM): 0.99
• Shares Outstanding: 1,797,200,200
• 10 Day Avg. Volume: 1,835,935
• 30 Day Avg. Volume: 1,721,798
• PEG Ratio: 1.68
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 1.68
• P/FCF Ratio: 8.98
• Enterprise Value/Market Cap: 1.48
• Enterprise Value/Revenue: 3.44
• Enterprise Value/Gross Profit: 6.17
• Enterprise Value/Ebitda: 11.58
• 1Y Price Target: $75.00
• Price Target Upside: 12.38% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: $79.00 ▲(18.37% Upside)

Anheuser-Busch Inbev's strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical analysis suggests a neutral trend, and the valuation indicates the stock is fairly priced. Challenges in China and weather impacts are noted risks.

Positive Factors

Premium brand leadership (U.S.)

Leading premium brand positions (Michelob Ultra #1) strengthen pricing power, channel leverage and consumer loyalty in the high-margin U.S. market. Durable premium momentum supports margin resilience and long-term revenue mix improvement versus lower-end competitors.

Strong cash generation

Large and improving free cash flow provides durable funding for reinvestment, dividends, and share buybacks without over-reliance on external financing. Consistent cash conversion enhances financial flexibility for M&A, capex and supply investments over the medium term.

Vertical supply control via plant reacquisition

Reacquiring container plants secures packaging supply, improves quality control, and reduces input cost volatility. Owning strategic manufacturing assets enhances margin control, innovation speed and long-term supply resilience versus outsourced arrangements.

Negative Factors

High absolute debt level

While leverage ratios are manageable, a meaningful absolute debt stock constrains strategic flexibility and raises refinancing and interest-rate sensitivity. In prolonged downturns elevated debt can pressure cash flow allocation and limit opportunistic investment.

Significant China revenue decline

A 15.2% revenue drop in China signals structural market weakness or execution gaps in a large growth market. Sustained underperformance there reduces global top-line potential and requires incremental investment and strategy shifts to restore long-term growth.

Slower revenue growth vs historical highs

Moderated revenue expansion versus past peaks suggests maturity in core markets and tougher incremental growth. Persistent slower top-line growth pressures long-term EPS upside and requires successful product innovation or market expansion to regain prior growth rates.

Anheuser-Busch Inbev Sa Business Overview & Revenue Model

Company Description

Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands. The company was founded in 1366 and is headquartered in Leuven, Belgium.

How the Company Makes Money

Anheuser-Busch InBev primarily generates revenue through the sale of beer and other alcoholic beverages. Its revenue model is based on selling both packaged and draught beer to wholesalers, retailers, and directly to consumers. Key revenue streams include sales from its extensive portfolio of brands, which cater to various consumer preferences and regional tastes. Additionally, the company benefits from economies of scale, allowing it to optimize production and distribution costs. Significant partnerships with distributors, retailers, and hospitality businesses enhance its market reach and contribute to earnings. Seasonal promotions and marketing campaigns also play a crucial role in driving sales, particularly during peak consumption periods. Furthermore, Anheuser-Busch InBev invests in innovation and product development, introducing new flavors and alternative beverages, which helps to capture a broader market audience and sustain revenue growth.

Anheuser-Busch Inbev Sa Financial Statement Overview

Summary

Anheuser-Busch Inbev exhibits strong financial health with consistent revenue growth and improved profitability margins. The balance sheet is well-structured with a manageable debt level, although high debt remains a consideration. Cash flow generation is robust, supporting operational and investment needs.

Income Statement

Anheuser-Busch Inbev has demonstrated consistent revenue growth with a Revenue Growth Rate of 0.65% from 2023 to 2024. The Gross Profit Margin for 2024 was 55.27%, indicating strong cost control. Net Profit Margin improved to 9.80% in 2024, signifying enhanced profitability. EBIT and EBITDA Margins were also robust at 24.56% and 32.37% respectively, reflecting operational efficiency. However, the slower growth in total revenue compared to historical highs is a minor concern.

Balance Sheet

The company maintains a stable Debt-to-Equity Ratio of 0.92, indicating a balanced approach to leveraging. The Return on Equity (ROE) is healthy at 7.48%, showcasing effective utilization of shareholder funds. The Equity Ratio stands at 37.86%, suggesting a solid equity base. Despite these strengths, the total debt level remains significant, posing a potential risk if not managed well.

Cash Flow

Operating Cash Flow to Net Income Ratio is strong at 2.57, indicating efficient cash generation relative to net income. Free Cash Flow grew substantially by 29.73% from 2023 to 2024, which is a positive indicator for financial flexibility. The Free Cash Flow to Net Income Ratio was also favorable at 1.91, illustrating effective cash management. The consistency in generating free cash flow supports the company's ability to sustain operations and invest in growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	59.90B	59.77B	59.38B	57.79B	54.30B	46.88B
Gross Profit	33.45B	33.02B	31.98B	31.48B	31.21B	27.25B
EBITDA	17.81B	20.30B	19.07B	18.98B	17.79B	11.56B
Net Income	6.64B	5.86B	5.34B	5.97B	4.67B	1.41B
Balance Sheet
Total Assets	211.11B	206.64B	219.34B	212.94B	217.63B	226.41B
Cash, Cash Equivalents and Short-Term Investments	7.27B	11.39B	10.40B	10.00B	12.39B	15.56B
Total Debt	75.58B	72.17B	78.17B	79.99B	88.83B	98.56B
Total Liabilities	119.69B	117.94B	126.66B	128.66B	138.29B	148.06B
Stockholders Equity	80.67B	78.24B	81.85B	73.40B	68.67B	68.02B
Cash Flow
Free Cash Flow	11.65B	11.17B	8.64B	7.77B	8.95B	6.20B
Operating Cash Flow	15.19B	15.03B	13.29B	12.93B	14.58B	10.00B
Investing Cash Flow	-3.18B	-3.69B	-4.38B	-4.64B	-5.87B	9.44B
Financing Cash Flow	-12.07B	-9.40B	-8.59B	-10.23B	-11.39B	-10.63B

Anheuser-Busch Inbev Sa Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 66.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BUD, the sentiment is Positive. The current price of 66.74 is above the 20-day moving average (MA) of 66.47, above the 50-day MA of 64.20, and above the 200-day MA of 64.17, indicating a bullish trend. The MACD of 1.69 indicates Negative momentum. The RSI at 71.42 is Negative, neither overbought nor oversold. The STOCH value of 89.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BUD.

Anheuser-Busch Inbev Sa Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABEV	80 Outperform	$44.89B	15.44	15.97%	8.22%	-0.68%	4.29%
BUD	75 Outperform	$139.02B	19.41	8.97%	1.83%	-2.06%	21.03%
CCU	70 Outperform	$2.81B	19.35	9.07%	2.53%	16.59%	1.72%
STZ	66 Neutral	$28.01B	25.04	14.29%	2.92%	-5.57%	119.49%
FMX	65 Neutral	$22.11B	47.72	5.48%	4.33%	1.44%	-38.87%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TAP	53 Neutral	$9.72B	―	-17.66%	4.08%	-4.01%	-339.22%

Anheuser-Busch Inbev Sa Corporate Events

AB InBev to Reacquire $3 Billion Minority Stake in US Metal Container Plants

On 6 January 2026, AB InBev announced it had exercised its right to reacquire the 49.9% minority stake in its US-based metal container plants from a consortium of institutional investors led or advised by Apollo Global Management, in a deal valued at approximately $3 billion. The company’s seven US metal container facilities, spread across six states, are described as strategically important for quality control, cost efficiency, innovation speed and supply security for AB InBev’s brands, while also supporting manufacturing employment and local economic growth. The repurchase, to be funded entirely with cash on hand, is positioned as aligned with AB InBev’s capital allocation framework focused on long-term shareholder value and is expected to be earnings-per-share accretive in the first year after closing, with completion targeted for the first quarter of 2026 subject to customary conditions.

The most recent analyst rating on (BUD) stock is a Buy with a $75.00 price target. To see the full list of analyst forecasts on Anheuser-Busch Inbev Sa stock, see the BUD Stock Forecast page.