Anheuser Busch Inbev SA NV
🇧🇪 ABI.BR · Brussels · BE0974293251
Consumer
EUR 61.50 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
17.9
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Calculation: 61.50 ÷ 3.45 = 17.9
TTM period through: 2025-12-31
Forward P/E (estimated): 16.4
Based on analyst estimates
Reference: Provider P/E (Trailing): 21.0
Yield (Fwd)
1.87%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Trailing Yield (TTM): 2.22%
Net Debt/EBITDA (TTM)
2.9x
Latest quarter: 15.6x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2025-12-31
Latest quarter (2025-12-31): 15.6x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
Payout (Fwd)
33.4%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Payout (TTM): 69.2%
Cash Flow Payout (TTM): 30.5%
FCF Coverage (TTM): 2.47x
ROE
9.1%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
9.5x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Summary
Anheuser-Busch InBev is the world's leading brewer with dominant market share and strong underlying cash flow generation. However, the proposed 51.7% dividend cut, coupled with a sub-3% yield and a premium P/E of 17.85, makes this fundamentally incompatible with a reliable income strategy. Not recommended for new positions, as better opportunities exist in more stable businesses with proven dividend commitments.
Sector Context
Anheuser-Busch InBev is the world's largest brewer, generating revenue through the production, distribution, and sale of a massive portfolio of global and local beer brands. Within the consumer staples sector, large-scale acquisitions can sometimes saddle companies with significant debt, forcing a long-term prioritization of balance sheet deleveraging over consistent and growing dividend payouts.
📊 Strategy Analysis
- • Strong global market leadership and excellent free cash flow generation with EBITDA margins exceeding 35%.
- • Successful deleveraging trajectory, bringing Net Debt/EBITDA down to 2.9x from historical highs of 9.0x.
⚠ What to Watch
- • The board has proposed a massive 51.7% dividend cut for 2026, which fundamentally breaks the income generation thesis for dividend-focused portfolios.
- • Current valuation with a TTM P/E of 17.85 sits above the strategy's ideal 8-15x range, offering no margin of safety.
- • Even before the proposed reduction, the current 2.22% yield falls significantly short of the strategy's 3% minimum target.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-04-04
Disclaimer: This information is for educational purposes only. Not financial advice.