Anadolu Efes Biracilik ve Malt Sanayii AS (IST:AEFES.E)

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Price: 191.6 TRY -9.96%

Market Cap: 113.4B TRY

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Section:

Relative Value

The Relative Value of one AEFES.E stock under the Base Case scenario is 603.51 TRY. Compared to the current market price of 191.6 TRY, Anadolu Efes Biracilik ve Malt Sanayii AS is Undervalued by 68%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

AEFES.E Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.4

P/S

vs History	28
vs Industry	65

Median 5Y

0.4

Industry

1.7

Forward

0.5

More Details

3.6

P/E

vs History	63
vs Industry	63

Median 5Y

7.3

Industry

19.9

Forward

8.8

More Details

P/OCF

vs History	9
vs Industry	41

Median 5Y

Industry

13.5

More Details

43.5

P/FCFE

vs History	0
vs Industry	17

Median 5Y

2.6

Industry

21.3

More Details

1.3

P/B

vs History	20
vs Industry	37

Median 5Y

0.9

Industry

2.2

More Details

0.5

EV/S

vs History	39
vs Industry	66

Median 5Y

0.5

Industry

1.9

Forward

0.5

More Details

1.2

EV/GP

vs History	42
vs Industry	70

Median 5Y

1.3

Industry

5.2

More Details

3.2

EV/EBITDA

vs History	15
vs Industry	62

Median 5Y

2.6

Industry

12.1

Forward

2.8

More Details

4.5

EV/EBIT

vs History	26
vs Industry	58

Median 5Y

3.8

Industry

15.7

Forward

3.7

More Details

5.6

EV/OCF

vs History	9
vs Industry	42

Median 5Y

2.9

Industry

14.4

More Details

EV/FCFF

vs History	9
vs Industry	7

Median 5Y

4.7

Industry

20.2

More Details

0.5

EV/IC

vs History	12
vs Industry	66

Median 5Y

0.4

Industry

1.6

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

		Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
TR	Anadolu Efes Biracilik ve Malt Sanayii AS IST:AEFES.E	113.4B TRY	0.4	3.6	3.2	4.5
BE	Anheuser-Busch Inbev SA MIL:ABI	114B EUR	2	24.8	9.1	12.4
BE	Anheuser Busch Inbev SA XETRA:1NBA	95.1B EUR	1.7	15.2	8.1	11.1
NL	Heineken NV AEX:HEIA	38.8B EUR	1.3	36.9	7.1	12.6
BR	Ambev SA BOVESPA:ABEV3	184.6B BRL	2.2	13.2	26	0
NL	Heineken Holding NV AEX:HEIO	16.4B EUR	0.5	30.5	4.6	9.5
JP	Asahi Group Holdings Ltd TSE:2502	2.5T JPY	0.9	14.4	8.9	14.4
CN	Tsingtao Brewery Co Ltd SSE:600600	110B CNY	3.4	25.3	17.1	17.1
CA	Molson Coors Canada Inc OTC:MXGBF	13.3B USD	0	0	0	0
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	99.2B HKD	2	17.8	4.8	8.8
DK	Carlsberg A/S CSE:CARL B	91.5B DKK	1.2	-2.3	7.6	10.5

			Revenue Growth	P/S to Growth
TR	Anadolu Efes Biracilik ve Malt Sanayii AS IST:AEFES.E	Average P/S: 1.6 0.4	39%	0
BE	Anheuser-Busch Inbev SA MIL:ABI	2	6%	0.3
BE	Anheuser Busch Inbev SA XETRA:1NBA	1.7	4%	0.4
NL	Heineken NV AEX:HEIA	1.3	3%	0.4
BR	Ambev SA BOVESPA:ABEV3	2.2	8%	0.3
NL	Heineken Holding NV AEX:HEIO	0.5	9%	0.1
JP	Asahi Group Holdings Ltd TSE:2502	0.9	4%	0.2
CN	Tsingtao Brewery Co Ltd SSE:600600	3.4	1%	3.4
CA	Molson Coors Canada Inc OTC:MXGBF	Not Available	N/A	N/A
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	2	4%	0.5
DK	Carlsberg A/S CSE:CARL B	1.2	8%	0.2

			Earnings Growth	PEG
TR	Anadolu Efes Biracilik ve Malt Sanayii AS IST:AEFES.E	Average P/E: 20.2 3.6	-1%	N/A
BE	Anheuser-Busch Inbev SA MIL:ABI	24.8	17%	1.5
BE	Anheuser Busch Inbev SA XETRA:1NBA	15.2	13%	1.2
NL	Heineken NV AEX:HEIA	36.9	12%	3.1
BR	Ambev SA BOVESPA:ABEV3	13.2	6%	2.2
NL	Heineken Holding NV AEX:HEIO	30.5	28%	1.1
JP	Asahi Group Holdings Ltd TSE:2502	14.4	14%	1
CN	Tsingtao Brewery Co Ltd SSE:600600	25.3	8%	3.2
CA	Molson Coors Canada Inc OTC:MXGBF	Not Available	N/A	N/A
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	17.8	10%	1.8
DK	Carlsberg A/S CSE:CARL B	Negative Multiple: -2.3	N/A	N/A

			EBITDA Growth	EV/EBITDA to Growth
TR	Anadolu Efes Biracilik ve Malt Sanayii AS IST:AEFES.E	Average EV/EBITDA: 9.6 3.2	38%	0.1
BE	Anheuser-Busch Inbev SA MIL:ABI	9.1	9%	1
BE	Anheuser Busch Inbev SA XETRA:1NBA	8.1	4%	2
NL	Heineken NV AEX:HEIA	7.1	2%	3.5
BR	Ambev SA BOVESPA:ABEV3	26	8%	3.2
NL	Heineken Holding NV AEX:HEIO	4.6	N/A	N/A
JP	Asahi Group Holdings Ltd TSE:2502	8.9	6%	1.5
CN	Tsingtao Brewery Co Ltd SSE:600600	17.1	15%	1.1
CA	Molson Coors Canada Inc OTC:MXGBF	Not Available	N/A	N/A
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	4.8	4%	1.2
DK	Carlsberg A/S CSE:CARL B	7.6	12%	0.6

			EBIT Growth	EV/EBIT to Growth
TR	Anadolu Efes Biracilik ve Malt Sanayii AS IST:AEFES.E	Average EV/EBIT: 11.2 4.5	38%	0.1
BE	Anheuser-Busch Inbev SA MIL:ABI	12.4	11%	1.1
BE	Anheuser Busch Inbev SA XETRA:1NBA	11.1	7%	1.6
NL	Heineken NV AEX:HEIA	12.6	12%	1
BR	Ambev SA BOVESPA:ABEV3	Not Available	8%	N/A
NL	Heineken Holding NV AEX:HEIO	9.5	22%	0.4
JP	Asahi Group Holdings Ltd TSE:2502	14.4	N/A	N/A
CN	Tsingtao Brewery Co Ltd SSE:600600	17.1	8%	2.1
CA	Molson Coors Canada Inc OTC:MXGBF	Not Available	N/A	N/A
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	8.8	5%	1.8
DK	Carlsberg A/S CSE:CARL B	10.5	13%	0.8

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US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
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US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

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Anadolu Efes Biracilik ve Malt Sanayii AS
IST:AEFES.E

Relative Value

Valuation Multiples

Multiples Across Competitors

AEFES.E Competitors Multiples
Anadolu Efes Biracilik ve Malt Sanayii AS Competitors

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Company

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52 Week Range	124.7 301.75
Price Target

Anadolu Efes Biracilik ve Malt Sanayii AS IST:AEFES.E

Relative Value

Valuation Multiples

Multiples Across Competitors

AEFES.E Competitors Multiples Anadolu Efes Biracilik ve Malt Sanayii AS Competitors

See Also

Company

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Tools

Stocks

Anadolu Efes Biracilik ve Malt Sanayii AS
IST:AEFES.E

AEFES.E Competitors Multiples
Anadolu Efes Biracilik ve Malt Sanayii AS Competitors