Anheuser-Busch InBev SA/NV

BUD ·Consumer Defensive, Beverages - Brewers
Valuation › AI Valuation

AI Valuation

AI-generated fair value estimate for this company.

AI Fair Value $102.19
Market Price $73.43
Undervalued By 28.1%

Method: 10-year unlevered FCF DCF: $13.762B TTM free cash flow base; 5% annual FCF growth years 1-5, consistent with management's 5-9% annual EBIT growth 'Reignite' targets and mid-single-digit organic revenue growth; 3% years 6-10; 8.5% discount rate; 2.5% terminal growth; $65.074B net debt; 1.97B shares outstanding.

Reasoning: AB InBev is a highly cash-generative global brewer with a long runway of premiumization and emerging-market volume growth, so a DCF anchored to current FCF and management's own medium-term growth targets is appropriate; the discount rate and sizable net debt deduction reflect the company's still-elevated but improving leverage.