QualityDipStocks / Consumer Staples · Beverages
Anheuser-Busch Inbev SA Sponsored ADR BUD
Outside our quality screen, so we don’t track its dips. It’s 7% below its 52-week high.
Outside our quality screen, trading below our fair value estimate.
- Fair value est.
- $98.99+23%
- Market Value
- —
- Off 52-wk high
- −7%
- Risk vs market
- Lowbeta 0.23
5 bullish · 5 bearish See why
Key levels
Every level vs today’s $80.38
- 52-wk lowlowest close, 1 year$60.01−25.3%
- PriceFri Oct 30 close$80.38you are here
- 52-wk highhighest close, 1 year$86.48+7.6%
- Fair value est.base case$98.99+23.2%
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, BUD’s free cash flow would need to shrink about 1% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much BUD moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.9× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.23
- Volatility
- 25% vs 13% SPY
- Correlation SPY
- 0.12
- Correlation QQQ
- −0.03
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationOur DCF fair value estimate is $98.99, 23% above the price.
ValuationFree-cash-flow yield of 7.8% (price / FCF 12.9×): $11.2B of free cash in the last 12 months.
Cash returnsDividend yield of 3.1% ($4.5B paid over 12 months, 66% of earnings).
GrowthDiluted EPS grew 19% to $3.39 in FY2025.
ProfitabilityOperating margin widened to 26.0% in FY2025 from 23.5% in FY2023 (SEC filings).
Top bearish points 5 of 5
Balance sheetOperating income covers interest only 3.0× over the last 12 months.
GrowthSales grew only 0.9% a year from FY2022 to FY2025.
GrowthSales fell 0.7% over the last 12 months, below the 3.5% median for the 39 Consumer Staples companies we cover.
ProfitabilityReturn on equity of 8.3%, below the 14% median for the 35 Consumer Staples companies we cover.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 3.5× EBITDA (limit 3×).
Who’s talking about it
Notable investors, executives, analysts and public figures on Anheuser-Busch Inbev SA Sponsored ADR in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Beverages
All fundamentals
P/E 21.1 · FCF yield 7.8% · ROE 8%
Valuation
- P/E
- 21.1×Consumer Staples median 21.7×
- Price / FCF
- 12.9×
- FCF yield
- 7.8%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 2.44×
- Price / book
- 1.65×
- Market cap
- $144Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $59.3B
- Sales growth, 12 months
- −0.7%vs the 12 months before
- Sales growth, 3 yrs
- +0.9%/yrfrom FY2022
- Diluted EPS, 12 months
- $3.39
- EPS growth, last FY
- +18.5%
- Net income, 12 months
- $6.8B
- Net income growth
- +17%12 months vs before
Profitability
- Gross margin
- 55.9%
- Operating margin
- 26.0%
- Net margin
- 11.5%
- FCF margin
- 18.9%
- Return on equity
- 8%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $11.6B
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- 3.0×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $11.2B
- FCF growth, 12 months
- +0%
- Dividend yield
- 3.14%$4.5B paid
- Payout ratio
- 66%
- Buybacks, 12 months
- $2.3B1.6% of market cap
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Dec 31, 2025; balance sheet at Dec 31, 2025. From Anheuser-Busch Inbev SA Sponsored ADR’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $98.99 · FCF value $149.43
Assumes 3.0% growth for 5 years (revenue grew 0.9% a year FY22–FY25; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $6.25 a share (fiscal year to Dec 31, 2025), from the 20-F filed Mar 3, 2026. Net debt $61.4B, not deducted.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 51 · 5 days −4.6%
The business
FCF $11.7B · Sales +9%
- Free cash flow, 12 months$11.7B
- Free-cash-flow yield7.4%
- Free-cash-flow margin18%
- Gross margin56%
- Operating margin27%
- Return on invested capital8%
- Return on equity11%
- Sales growth (latest quarter vs year-ago quarter)+9%
- Net debt / EBITDA3.5×
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
BUD is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.