Anheuser-Busch InBev brews Budweiser, Corona, Stella Artois and Michelob Ultra, and sells them through the largest brewing footprint in the world, with a gross margin of 56.5% and an operating margin of 27.3%. Scale in purchasing, distribution and brand equity is the moat here, and it is hard to replicate in a category where a single brand can take decades to build. Revenue grew 11.0% over the period in the data, and premium and international brands are the drivers to watch for the next leg of growth. At 17.5 times trailing earnings and 15.6 times forward, the shares trade at a discount to where the earnings growth profile would suggest, while the 11.4% return on equity points to a business that converts its capital into profit at a solid rate. The company is not in any major index in this dataset, which may mean the name is under-owned by the funds that set many of the flows, and that is the reason it merits a closer read.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
Trades are only made public after a delay. We show the delay so you know how old the news is.
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 19 Oct 2026, 19:04 CEST | Rating | Overvalued | first publication | $82.59 |
| 19 Oct 2026, 19:04 CEST | Fair value | $64.82 | $63.27 | $82.59 |
| 18 Oct 2026, 00:00 CEST | ACCE price target | $84.70 | $98.40 | $82.59 |
| 11 Oct 2026, 00:00 CEST | Fair value | $63.27 | $68.52 | $77.33 |
| 7 Oct 2026, 00:00 CEST | Fair value | $68.52 | $67.44 | $74.82 |
| 1 Oct 2026, 00:00 CEST | Fair value | $67.44 | $68.66 | $74.29 |
| 28 Sept 2026, 00:00 CEST | Fair value | $68.66 | $69.84 | $78.00 |
| 19 Sept 2026, 00:00 CEST | Fair value | $69.84 | $69.11 | $78.77 |
| 17 Sept 2026, 00:00 CEST | Fair value | $69.11 | $70.03 | $79.46 |
| 14 Sept 2026, 00:00 CEST | Fair value | $70.03 | $70.99 | $78.23 |
Answered from Anheuser-Busch Inbev SA Sponsored ADR (Belgium) fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| BUD Anheuser-Busch Inbev SA Sponsored ADR (Belgium) | $84.26 | $65 | 30% above | 18.2x | 11.4% | 69 | 77 |
| ABI.BR Anheuser-Busch InBev | €75.82 | €59 | 29% above | 18.9x | 11.4% | 69 | 78 |
| FEMSAUBD.MX Fomento Economico Mexicano | MXN 241.06 | MXN 154 | 57% above | 18.7x | 14.8% | 61 | 72 |
| ABEV Ambev S.A. American Depositary Shares (Each representing 1 Common Share) | $3.33 | $4 | 17% below | 17.5x | 18.4% | 84 | 77 |
| HEIA.AS Heineken | €77.90 | €71 | 10% above | 18.9x | 12.1% | 59 | 67 |
| FMX Fomento Economico Mexicano S.A.B. de C.V. Common Stock | $129.03 | $71 | 81% above | 9.2x | 14.8% | 56 | 70 |
| STZ Constellation Brands Inc. Common Stock | $138.98 | $146 | 5% below | 12.4x | 24.0% | 82 | 64 |
Where BUD ranks against its sector peers on each metric.