Anheuser-Busch InBev SA/NV (BUD) DCF Valuation
Transparent DCF models put Anheuser-Busch InBev SA/NV (BUD)'s fair value in a range of $50.54 – $84.68 — the low end is TGM's conservative base case (5% FCF growth, 10% discount), the high end the analyst consensus (FMP). Today's price of $81.02 sits within that range — roughly fairly valued on these assumptions.
Reverse DCF: at today's $81.02, the market is pricing in roughly +9.3%/yr free-cash-flow growth over the next decade (at a 10% required return) — versus its actual 5-year FCF CAGR of +10.5%. The price assumes a slowdown from its track record — a potential value signal if growth holds.
Current Price
$81.02
Fair-Value Range
$50.54 – $84.68
Market-Implied Growth
+9.3%/yr
vs +10.5% 5Y actual
BUD DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Illustrative model — not investment advice. Defaults to a conservative base case; the analyst (FMP) DCF, where available, is shown as a reference below.
Base inputs: FCF $9.7B · 1.94B shares · net debt $61.4B
Estimated Fair Value
$50.54
-37.6% vs $81.02
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 5.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $81.02; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.0% | $70.51 | $75.75 | $81.95 | $89.38 | $98.47 |
| 9.0% | $56.09 | $59.67 | $63.81 | $68.63 | $74.33 |
| 10.0% | $45.10 | $47.65 | $50.54 | $53.84 | $57.65 |
| 11.0% | $36.47 | $38.34 | $40.43 | $42.78 | $45.44 |
| 12.0% | $29.51 | $30.91 | $32.46 | $34.19 | $36.11 |
About Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV (AB InBev) is a global beverage giant involved in the manufacturing, marketing, and retailing of a wide variety of beers, other alcoholic drinks, and soft drinks across the world. The company manages an expansive collection of around 500 beer labels. Its most prominent and globally recognized brands include Budweiser, Corona, and Stella Artois. Additionally, its portfolio features well-known names such as Beck's, Hoegaarden, Leffe, and Michelob Ultra, alongside a host of other popular brands like Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol. Established in 1366, AB InBev's corporate headquarters are situated in Leuven, Belgium.
- Sector
- Consumer Defensive
- Industry
- Beverages - Alcoholic
- CEO
- Michel Dimitrios Doukeris