Added to YB: 2026-09-22
Pitch date: 2026-09-17
ABI.BR [neutral]
Anheuser-Busch InBev SA/NV
-0.21%
current return
Author Info
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Company Info
Anheuser-Busch InBev SA/NV produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
EUR 152.8B
Pitch Price
EUR 68.00
Price Target
N/A
Dividend
1.70%
EV/EBITDA
10.79
P/E
16.71
EV/Sales
3.60
Sector
Beverages
Category
growth
Anheuser-Busch InBev (ABI Belgium): Stronger cash generation is shifting attention to capital returns
ABI.BR (update): Anheuser-Busch InBev’s deleveraging is shifting the focus from balance-sheet repair toward capital returns: net debt/EBITDA fell from 3.38x at end-2023 to 2.86x, alongside a $6bn buyback through October 2027. H1 organic revenue and EBITDA grew 5.7% and 5.6%. Further earnings expansion could come from volume recovery, while key questions include BEES Marketplace economics and disciplined allocation of future free cash flow; China’s recovery remains uneven.
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