Financials Anheuser-Busch InBev SA/NV Deutsche Boerse AG

Equities

ITKA

US03524A1088

Brewers

Market Closed - Deutsche Boerse AG 07:09:29 2024-07-11 am EDT 5-day change 1st Jan Change
55 EUR +0.92% Intraday chart for Anheuser-Busch InBev SA/NV +0.92% -5.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 159,729 136,433 122,332 119,403 128,108 124,082 - -
Enterprise Value (EV) 1 255,441 219,349 198,494 189,116 195,681 186,387 180,288 173,573
P/E ratio 17.6 x 99.5 x 26.5 x 20.7 x 24.3 x 18.9 x 16.1 x 14.2 x
Yield 1.79% 0.88% 0.92% 1.32% 1.37% 1.81% 2.12% 2.35%
Capitalization / Revenue 3.05 x 2.91 x 2.25 x 2.07 x 2.16 x 2.01 x 1.93 x 1.85 x
EV / Revenue 4.88 x 4.68 x 3.66 x 3.27 x 3.3 x 3.02 x 2.8 x 2.58 x
EV / EBITDA 12.1 x 12.7 x 10.3 x 9.53 x 9.8 x 8.71 x 7.96 x 7.24 x
EV / FCF 31.1 x 30.9 x 21.7 x 23.2 x 22.7 x 19.9 x 17.1 x 15.2 x
FCF Yield 3.22% 3.24% 4.61% 4.3% 4.41% 5.03% 5.86% 6.58%
Price to Book 2.14 x 2.05 x 1.77 x 1.65 x 1.59 x 1.44 x 1.35 x 1.27 x
Nbr of stocks (in thousands) 1,959,379 1,959,378 2,023,621 1,982,782 1,986,774 2,031,018 - -
Reference price 2 81.52 69.63 60.45 60.22 64.48 61.09 61.09 61.09
Announcement Date 2/27/20 2/25/21 2/24/22 3/2/23 2/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 52,329 46,881 54,304 57,786 59,380 61,752 64,303 67,154
EBITDA 1 21,078 17,321 19,209 19,843 19,976 21,395 22,651 23,980
EBIT 1 16,421 12,723 14,438 14,768 14,590 15,981 17,045 18,232
Operating Margin 31.38% 27.14% 26.59% 25.56% 24.57% 25.88% 26.51% 27.15%
Earnings before Tax (EBT) 1 12,776 2,079 8,463 9,525 9,125 11,368 12,950 14,604
Net income 1 9,171 1,405 4,670 5,969 5,341 6,590 7,698 8,691
Net margin 17.53% 3% 8.6% 10.33% 8.99% 10.67% 11.97% 12.94%
EPS 2 4.620 0.7000 2.280 2.910 2.650 3.225 3.800 4.301
Free Cash Flow 1 8,222 7,110 9,159 8,138 8,627 9,379 10,559 11,421
FCF margin 15.71% 15.17% 16.87% 14.08% 14.53% 15.19% 16.42% 17.01%
FCF Conversion (EBITDA) 39.01% 41.05% 47.68% 41.01% 43.19% 43.84% 46.62% 47.63%
FCF Conversion (Net income) 89.65% 506.05% 196.12% 136.34% 161.52% 142.33% 137.18% 131.41%
Dividend per Share 2 1.460 0.6112 0.5570 0.7950 0.8864 1.107 1.295 1.434
Announcement Date 2/27/20 2/25/21 2/24/22 3/2/23 2/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 S1 2025 S2
Net sales 1 25,777 21,298 25,583 25,832 14,274 14,198 28,472 13,235 14,793 28,027 15,091 14,668 29,759 14,213 15,120 29,333 15,574 14,473 30,047 14,547 15,344 29,964 15,821 14,972 31,324 14,841 32,024 33,546
EBITDA 1 10,229 7,363 9,958 9,114 5,214 4,881 10,095 4,486 5,096 9,583 5,313 4,947 10,260 4,759 4,909 9,668 5,431 4,877 10,308 4,987 5,184 - 5,716 5,196 - 5,157 - -
EBIT 1 7,872 5,102 7,621 6,768 4,020 3,650 7,670 3,294 3,811 7,105 4,055 3,608 7,663 3,503 3,569 7,072 4,027 3,491 11,099 3,642 4,241 7,531 4,761 4,349 8,187 3,791 - -
Operating Margin 30.54% 23.96% 29.79% 26.2% 28.16% 25.71% 26.94% 24.89% 25.76% 25.35% 26.87% 24.6% 25.75% 24.65% 23.6% 24.11% 25.86% 24.12% 36.94% 25.04% 27.64% 25.13% 30.09% 29.05% 26.14% 25.54% - -
Earnings before Tax (EBT) 1 4,468 -3,252 5,331 4,305 1,374 2,784 4,158 1,023 2,696 3,718 2,513 3,294 5,807 - 1,202 3,847 2,632 2,646 5,278 2,279 - 4,821 3,152 2,737 5,889 - 6,385 8,093
Net income 1 3,116 -1,900 3,305 2,458 250 1,962 2,212 95 1,597 1,692 1,433 2,844 4,277 1,639 339 1,977 1,472 1,891 3,364 1,091 1,601 2,817 1,898 1,830 3,650 - - -
Net margin 12.09% -8.92% 12.92% 9.52% 1.75% 13.82% 7.77% 0.72% 10.8% 6.04% 9.5% 19.39% 14.37% 11.53% 2.24% 6.74% 9.45% 13.07% 11.2% 7.5% 10.43% 9.4% 11.99% 12.22% 11.65% - - -
EPS 2 1.560 -0.9500 1.650 1.200 0.1200 0.9600 1.080 0.0500 0.7900 0.8400 0.7100 1.360 - 0.8100 0.1700 0.9800 0.7300 0.9400 1.670 0.5400 0.6842 1.400 0.9370 0.9050 1.820 - 1.830 2.360
Dividend per Share 2 0.5616 - - - - 0.5570 0.5570 - - - - - - - - 0.7500 0.2200 - - - - - 0.4524 0.5656 - - - -
Announcement Date 2/27/20 7/30/20 2/25/21 7/29/21 10/28/21 2/24/22 2/24/22 5/5/22 7/28/22 7/28/22 10/27/22 3/2/23 3/2/23 5/4/23 8/3/23 8/3/23 10/31/23 2/29/24 2/29/24 5/8/24 - - - - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 95,712 82,916 76,162 69,713 67,573 62,305 56,206 49,491
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.541 x 4.787 x 3.965 x 3.513 x 3.383 x 2.912 x 2.481 x 2.064 x
Free Cash Flow 1 8,222 7,110 9,159 8,138 8,627 9,379 10,559 11,421
ROE (net income / shareholders' equity) 13.1% 5.3% 8.37% 8.4% 6.88% 8.2% 9.03% 9.48%
ROA (Net income/ Total Assets) 3.9% 0.61% 2.58% 2.77% 2.47% 3.17% 3.97% 4.32%
Assets 1 235,274 231,531 181,169 215,285 216,147 207,675 194,131 201,399
Book Value Per Share 2 38.20 34.00 34.20 36.50 40.60 42.30 45.20 48.10
Cash Flow per Share 2 6.610 5.450 7.370 6.610 6.580 6.400 7.030 7.950
Capex 1 5,174 3,781 5,640 5,160 4,638 4,497 4,980 5,161
Capex / Sales 9.89% 8.07% 10.39% 8.93% 7.81% 7.28% 7.74% 7.69%
Announcement Date 2/27/20 2/25/21 2/24/22 3/2/23 2/29/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
25
Last Close Price
61.09 USD
Average target price
72.22 USD
Spread / Average Target
+18.22%
Consensus
  1. Stock Market
  2. Equities
  3. ABI Stock
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  5. Financials Anheuser-Busch InBev SA/NV