Anheuser-Busch InBev SA/NV
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
16.1314.1712.6210.98
Price/Sales ratio
1.681.611.511.39
Earnings per Share (EPS)
$3.86$4.40$4.94$5.68

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
19.9124.74145.8827.7129.7517.74943.7826.0220.2424.3912.6217.74
Price/Sales ratio
3.894.693.973.922.373.112.972.232.092.191.113.11
Price/Book Value ratio
3.674.852.533.052.012.142.051.761.641.591.132.14
Price/Cash Flow ratio
12.9714.4917.9014.368.8612.159.958.219.089.826.7612.15
Price/Free Cash Flow ratio
18.8221.8435.2820.7213.5719.7915.2113.2614.8515.109.3919.79
Price/Earnings Growth ratio
-0.54-2.36-1.700.05-0.650.16-9.590.000.73-2.262.42-0.65
Dividend Yield
4.03%3.89%4.66%4.18%5.97%3.08%1.28%1.94%2.02%2.31%1.28%3.08%
Profitability Indicator Ratios
Gross Profit Margin
60.14%60.69%60.88%62.11%62.72%61.08%58.11%57.46%54.47%53.86%54.63%61.08%
Operating Profit Margin
32.10%31.88%28.30%30.38%31.31%30.76%16.64%25.45%25.12%23.51%20.89%30.76%
Pretax Profit Margin
29.32%28.57%9.52%19.62%15.61%24.41%4.43%15.58%16.48%15.36%14.65%24.41%
Net Profit Margin
19.58%18.97%2.72%14.16%7.99%17.52%0.31%8.59%10.32%8.99%8.93%7.99%
Effective Tax Rate
18.10%20.81%37.21%17.33%33.28%21.80%92.88%27.76%20.24%24.48%25.50%21.80%
Return on Assets
6.46%6.14%0.48%3.24%1.88%3.87%0.06%2.14%2.80%2.43%N/A3.87%
Return On Equity
18.44%19.63%1.73%11.01%6.77%12.11%0.21%6.80%8.13%6.52%9.34%6.77%
Return on Capital Employed
13.10%13.09%5.90%8.17%8.65%7.97%4.02%7.53%8.12%7.66%N/A7.97%
Liquidity Ratios
Current Ratio
0.680.641.070.660.530.820.81N/AN/AN/AN/A0.82
Quick Ratio
0.570.540.970.550.410.700.680.540.480.47N/A0.70
Cash ratio
0.300.240.210.280.200.200.460.350.280.27N/A0.20
Days of Sales Outstanding
26.4839.1136.9545.5643.4543.5939.9734.1323.4139.16N/A43.59
Days of Inventory outstanding
56.2058.7678.4068.5773.7077.4781.6283.5090.5374.38N/A77.47
Operating Cycle
82.6897.88115.35114.13117.16121.06121.60117.63113.95113.55N/A121.06
Days of Payables Outstanding
212.37247.40288.48260.10278.10284.58295.54281.44257.93236.20N/A284.58
Cash Conversion Cycle
-129.68-149.52-173.13-145.96-160.94-163.51-173.94-163.81-143.98-122.65N/A-160.94
Debt Ratios
Debt Ratio
0.350.360.470.470.470.420.420.390.360.34N/A0.42
Debt Equity Ratio
1.021.171.711.601.701.331.411.261.050.92N/A1.33
Long-term Debt to Capitalization
0.460.500.610.590.620.550.570.550.510.46N/A0.55
Total Debt to Capitalization
0.500.530.630.610.620.570.580.550.510.47N/A0.57
Interest Coverage Ratio
6.216.082.723.513.773.302.59N/AN/AN/A3.623.30
Cash Flow to Debt Ratio
0.270.280.080.130.130.130.140.170.170.17N/A0.13
Company Equity Multiplier
2.853.193.623.393.593.123.323.162.902.67N/A3.12
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.300.320.220.270.260.250.290.270.230.220.160.25
Free Cash Flow / Operating Cash Flow Ratio
0.680.660.500.690.650.610.650.610.610.650.710.65
Cash Flow Coverage Ratio
0.270.280.080.130.130.130.140.170.170.17N/A0.13
Short Term Coverage Ratio
1.882.381.151.933.412.585.2114.5917.154.01N/A2.58
Dividend Payout Ratio
80.29%96.28%680.90%115.99%177.67%54.68%1216.21%50.62%40.91%56.41%40.40%54.68%