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Anheuser-Busch InBev SA/NV (BUD) DCF Valuation

Price is INSIDE the estimated range
$50.54
$84.39
Estimated fair value
$81.56
Today's price

Two independent models estimate Anheuser-Busch InBev SA/NV's fair value between $50.54 (conservative case) and $84.39 (analyst consensus).

What would today's price require?

Growth the price assumes+9.4%/yr
Actual growth, last 5 years+10.5%/yr

$81.57 is justified only if free cash flow grows about +9.4% a year for the next decade — slower than the company has actually grown.

Current Price

$81.57

Fair-Value Range

$50.54 – $84.39

Market-Implied Growth

+9.4%/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.

5%/yr
Historical FCF CAGR: 3Y 10.2% · 5Y 10.5% · 10Y 1.6%
10%
2.5%
10yr

Base inputs: FCF $9.7B · 1.94B shares · net debt $61.4B

Estimated Fair Value

$50.54

-38.0% vs $81.56

Current price$81.56
Analyst DCF (FMP)$84.39

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 $81.56; 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$81.94$89.38$98.46
9.0%$56.09$59.67$63.80$68.63$74.33
10.0%$45.10$47.65$50.54$53.84$57.65
11.0%$36.47$38.34$40.42$42.77$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.

Leuven
144,000 employees
Consumer Defensive / Beverages - Alcoholic
Sector
Consumer Defensive
Industry
Beverages - Alcoholic
CEO
Michel Dimitrios Doukeris