Anheuser Busch Inbev SA (XETRA:1NBA)

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Price: 48.21 EUR 0.12%

Market Cap: 95.1B EUR

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Section:

Relative Value

The Relative Value of one 1NBA stock under the Base Case scenario is 93.68 EUR. Compared to the current market price of 48.21 EUR, Anheuser Busch Inbev SA is Undervalued by 49%.

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?

1NBA Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.7

P/S

vs History	92
vs Industry	41

Median 5Y

2.1

Industry

1.7

Forward

1.6

More Details

15.2

P/E

vs History	77
vs Industry	23

Median 5Y

Industry

19.9

Forward

16.2

More Details

6.9

P/OCF

vs History	92
vs Industry	47

Median 5Y

8.9

Industry

13.6

More Details

21.7

P/FCFE

vs History	31
vs Industry	11

Median 5Y

-9.5

Industry

21.4

More Details

1.3

P/B

vs History	92
vs Industry	55

Median 5Y

1.6

Industry

2.2

More Details

2.8

EV/S

vs History	98
vs Industry	28

Median 5Y

3.4

Industry

1.9

Forward

2.7

More Details

5.1

EV/GP

vs History	98
vs Industry	40

Median 5Y

Industry

5.1

More Details

8.1

EV/EBITDA

vs History	98
vs Industry	47

Median 5Y

9.6

Industry

12.2

Forward

7.9

More Details

11.1

EV/EBIT

vs History	93
vs Industry	46

Median 5Y

12.9

Industry

15.7

Forward

10.7

More Details

11.7

EV/OCF

vs History	98
vs Industry	37

Median 5Y

14.2

Industry

14.6

More Details

16.8

EV/FCFF

vs History	98
vs Industry	24

Median 5Y

22.2

Industry

20.3

More Details

0.9

EV/IC

vs History	90
vs Industry	60

Median 5Y

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
BE	Anheuser Busch Inbev SA XETRA:1NBA	95.1B EUR	1.7	15.2	8.1	11.1
BE	Anheuser-Busch Inbev SA MIL:ABI	114B EUR	2	24.7	9.1	12.4
NL	Heineken NV AEX:HEIA	38.7B EUR	1.3	36.8	7	12.6
BR	Ambev SA BOVESPA:ABEV3	192.2B BRL	2.3	13.8	27.1	0
NL	Heineken Holding NV AEX:HEIO	16.3B EUR	0.5	30.3	4.6	9.4
JP	Asahi Group Holdings Ltd TSE:2502	2.5T JPY	0.9	14.4	8.9	14.5
CN	Tsingtao Brewery Co Ltd SSE:600600	106.4B CNY	3.3	24.5	16.4	16.4
CA	Molson Coors Canada Inc OTC:MXGBF	13.3B USD	0	0	0	0
DK	Carlsberg A/S CSE:CARL B	90.6B DKK	1.2	-2.2	7.5	10.4
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	96.8B HKD	1.9	17.3	4.7	8.5
US	Molson Coors Beverage Co NYSE:TAP	12.1B USD	1	12.9	7	9.7

			Revenue Growth	P/S to Growth
BE	Anheuser Busch Inbev SA XETRA:1NBA	Average P/S: 1.6 1.7	12%	0.1
BE	Anheuser-Busch Inbev SA MIL:ABI	2	19%	0.1
NL	Heineken NV AEX:HEIA	1.3	8%	0.2
BR	Ambev SA BOVESPA:ABEV3	2.3	26%	0.1
NL	Heineken Holding NV AEX:HEIO	0.5	29%	0
JP	Asahi Group Holdings Ltd TSE:2502	0.9	12%	0.1
CN	Tsingtao Brewery Co Ltd SSE:600600	3.3	4%	0.9
CA	Molson Coors Canada Inc OTC:MXGBF	Not Available	N/A	N/A
DK	Carlsberg A/S CSE:CARL B	1.2	27%	0
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	1.9	11%	0.2
US	Molson Coors Beverage Co NYSE:TAP	1	1%	1.9

			Earnings Growth	P/E to Growth
BE	Anheuser Busch Inbev SA XETRA:1NBA	Average P/E: 21.1 15.2	45%	0.3
BE	Anheuser-Busch Inbev SA MIL:ABI	24.7	60%	0.4
NL	Heineken NV AEX:HEIA	36.8	40%	0.9
BR	Ambev SA BOVESPA:ABEV3	13.8	19%	0.7
NL	Heineken Holding NV AEX:HEIO	30.3	109%	0.3
JP	Asahi Group Holdings Ltd TSE:2502	14.4	46%	0.3
CN	Tsingtao Brewery Co Ltd SSE:600600	24.5	27%	0.9
CA	Molson Coors Canada Inc OTC:MXGBF	Not Available	N/A	N/A
DK	Carlsberg A/S CSE:CARL B	Negative Multiple: -2.2	N/A	N/A
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	17.3	34%	0.5
US	Molson Coors Beverage Co NYSE:TAP	12.9	30%	0.4

			EBITDA Growth	EV/EBITDA to Growth
BE	Anheuser Busch Inbev SA XETRA:1NBA	Average EV/EBITDA: 10 8.1	14%	0.6
BE	Anheuser-Busch Inbev SA MIL:ABI	9.1	28%	0.3
NL	Heineken NV AEX:HEIA	7	5%	1.5
BR	Ambev SA BOVESPA:ABEV3	27.1	25%	1.1
NL	Heineken Holding NV AEX:HEIO	4.6	N/A	N/A
JP	Asahi Group Holdings Ltd TSE:2502	8.9	20%	0.5
CN	Tsingtao Brewery Co Ltd SSE:600600	16.4	51%	0.3
CA	Molson Coors Canada Inc OTC:MXGBF	Not Available	N/A	N/A
DK	Carlsberg A/S CSE:CARL B	7.5	39%	0.2
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	4.7	12%	0.4
US	Molson Coors Beverage Co NYSE:TAP	7	11%	0.7

			EBIT Growth	EV/EBIT to Growth
BE	Anheuser Busch Inbev SA XETRA:1NBA	Average EV/EBIT: 11.7 11.1	21%	0.5
BE	Anheuser-Busch Inbev SA MIL:ABI	12.4	35%	0.4
NL	Heineken NV AEX:HEIA	12.6	40%	0.3
BR	Ambev SA BOVESPA:ABEV3	Not Available	28%	N/A
NL	Heineken Holding NV AEX:HEIO	9.4	80%	0.1
JP	Asahi Group Holdings Ltd TSE:2502	14.5	N/A	N/A
CN	Tsingtao Brewery Co Ltd SSE:600600	16.4	27%	0.6
CA	Molson Coors Canada Inc OTC:MXGBF	Not Available	N/A	N/A
DK	Carlsberg A/S CSE:CARL B	10.4	45%	0.2
HK	Budweiser Brewing Company APAC Ltd HKEX:1876	8.5	15%	0.6
US	Molson Coors Beverage Co NYSE:TAP	9.7	13%	0.7

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US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
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US	Visa Inc NYSE:V	Technology
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US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
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US	Verizon Communications Inc NYSE:VZ	Telecommunication

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Anheuser Busch Inbev SA
XETRA:1NBA

Relative Value

Valuation Multiples

Multiples Across Competitors

1NBA Competitors Multiples
Anheuser Busch Inbev SA Competitors

See Also

Company

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52 Week Range	48.15 62.12
Price Target

Anheuser Busch Inbev SA XETRA:1NBA

Relative Value

Valuation Multiples

Multiples Across Competitors

1NBA Competitors Multiples Anheuser Busch Inbev SA Competitors

See Also

Company

Help

Tools

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Anheuser Busch Inbev SA
XETRA:1NBA

1NBA Competitors Multiples
Anheuser Busch Inbev SA Competitors