Professional
Added to YB: 2024-06-21
Pitch date: 2024-06-14
BUD [bullish]
Anheuser-Busch InBev SA/NV
+39.9%
current return
Author Info
No bio for this author
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 58.10
Price Target
90.00 (+11%)
Dividend
1.70%
EV/EBITDA
10.79
P/E
16.71
EV/Sales
3.60
Sector
Beverages
Category
value
Anheuser-Busch InBev SA/NV: EBITDA Growth Above Consensus; Outlook for 2024 Confirmed
BUD: Q1 EBITDA beats consensus w/ 5.4% growth & 90bps margin expansion; 2024 guidance of 4-8% organic EBITDA growth reiterated. Vols -0.6%: US/Asia hit by mainstream beer & China headwinds; LatAm/EMEA up on premiumization & weather. Wide moat on cost advantages & intangibles. $90 FVE on margin recovery to 31% EBIT (24% in 2023), 4.5% rev growth, and lower financial leverage. Risks: FX, costs, health trends. Exemplary stewardship.
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