Professional
Added to YB: 2024-06-21
Pitch date: 2024-06-14
BUD [bullish]
Anheuser-Busch InBev SA/NV
+8.75%
current return
Author Info
No bio for this author
Company Info
Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
EUR 121.3B
Pitch Price
EUR 58.61
Price Target
90.00 (+41%)
Dividend
1.79%
EV/EBITDA
9.53
P/E
21.47
EV/Sales
3.22
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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