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ABI.BR · BRU Euro Stoxx 50

Anheuser-Busch InBev SA/NV

Consumer defensive · Brewers
€75.48 −€1.30 (−1.69%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Share
Consensus of 25 analysts
Buy
Median price target €83.84 +11.1%
Open
€76.30
Day range
75.38 – €76.56
52-week range
51.60 – €76.92
Volume
305,706
Market cap
€148,630M
P/E (TTM)
17.8x
EPS (TTM)
€4.23
EPS est. 2026
€4.48
P/E est. 2026
16.8x
Dividend yield
2.2%
Beta
0.74
Payout
27%

Analyst summary

Generated with AI · Nov 11, 2026, 14:05

Anheuser-Busch InBev is a global brewer with a portfolio of approximately 500 beer brands, alongside flavoured malt beverages, soft drinks and other drinks. Its operations span six regions, supported by digital commerce and delivery platforms. Q3 2026 revenue rose 9.1% year on year and net income increased 51.5%, while quarterly EPS exceeded consensus. The shares trade at 17.8x trailing earnings; analysts’ median target implies 11.1% upside, with estimates pointing to continued EPS growth.

  1. 1Q3 2026 revenue was €16,512M, up +9.1% year on year.
  2. 2Q3 EPS of €1.210 beat estimates by +4.1%.
  3. 3The trailing dividend yield is 2.2%, against a 1.5% estimated forward yield.

Anheuser-Busch InBev financials

Q3 2026 results, quarter ended Sep 30, 2026

MetricQ3 20261-year change
Total revenue €16,512M +9.1%
Net income €1,597M +51.5%
Earnings per share €0.81 +34.3%
Net margin 9.7% +2.7 pp
Free cash flow n/a n/a
Debt / equity n/a n/a

Revenue and net income (€M)

Total revenueNet income

Anheuser-Busch InBev earnings per share (EPS)

Consensus estimates

PeriodEPS est.1-year change
Current quarterQ4 2026 · Analysts: 5 €1.0811.06 – 1.09 +13.8%€0.950
Next quarterQ1 2027 · Analysts: 1 €0.9971.00 – 1.00 +2.8%€0.970
Current year2026 · Analysts: 21 €4.4854.37 – 4.58 +20.2%€3.730
Next year2027 · Analysts: 24 €4.8524.54 – 5.06 +8.2%€4.485

Forward P/E: 16.8x (2026) and 15.6x (2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

EPS trend

QuarterEPSYoY change
Q1 2027Estimated €0.997 +2.8%
Q4 2026Estimated €1.081 +13.8%
Q3 2026 €1.210est. €1.163 · surprise +4.1% +100.6%
Q2 2026 €1.210est. €1.113 · surprise +8.8% n/a
Q1 2026 €0.970est. €0.902 · surprise +7.5% n/a
Q4 2025 €0.950est. €0.888 · surprise +7.0% n/a
Q3 2025 €0.603 n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Anheuser-Busch InBev dividend

Yield and payments

Dividend yield (TTM)2.2%
Forward yield (next 12m)1.5%
Dividend per share (TTM)€1.63
Forward dividend (next 12m)€1.15
Payout (TTM)27%
Last dividend€1.00May 7, 2026
Next ex-dividend dateNov 19, 2026

Dividend per share by year (€)

PaidEstimated

Anheuser-Busch InBev forecasts

25 analyst ratings

Buy80% Hold20% Sell0%

Consensus: Buy · 20 buy, 5 hold, 0 sell

1-year price forecast

Share price Price target (high, median, low)

Anheuser-Busch InBev peers

TickerCompany Market cap (€M)P/E Price (€)1-day change52-week range
ABI.BR Anheuser-Busch InBev 148,630 17.8x 75.48 −1.69% 51.6076.92
STZ Constellation Brands 24,624 13.0x 145.51 $ 0.00% 110.60168.60
OR.PA L'Oréal 236,445 37.6x 443.35 −0.11% 338.85455.75
BN.PA Danone 43,670 22.7x 67.80 −0.76% 57.2680.14
HEN3.DE Henkel 35,149 17.7x 86.82 −0.62% 61.2887.48
AD.AS Ahold Delhaize 30,416 13.5x 34.84 −0.57% 30.3442.54

Stocks quoted in another currency are shown in their trading currency.

Risks, catalysts and conclusion

Generated with AI · Nov 11, 2026, 14:05

Risks

  • Changes in consumer demand across regions could pressure beer volumes and the returns from AB InBev’s broad brand portfolio.
  • Input-cost or foreign-exchange movements could weigh on margins across its geographically diverse operations.
  • A valuation multiple above some listed peers leaves the shares exposed if earnings growth falls short of expectations.

Catalysts

  • Continued growth in EPS, with consensus forecasting €4.485 for 2026 and €4.852 for 2027, could support the valuation.
  • Stronger uptake of premium brands across its portfolio could improve the contribution of higher-value sales.
  • Further development of BEES and its delivery platforms could deepen digital commerce and customer reach.

Conclusion

AB InBev combines global scale and a broad drinks portfolio with improving recent revenue, profit and EPS trends. Quarterly EPS has beaten estimates, while consensus expects further annual growth, and the forward P/E is below the trailing multiple. The dividend is supported by a 27% payout ratio, although its estimated forward yield is lower than the trailing yield. Analyst sentiment is favourable, but target ranges and peer valuations underline uncertainty.

Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 14:05.

This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.

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