Anheuser-Busch InBev SA/NV

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $11.2B FY2025 FCF base; 6% annual FCF growth years 1-5, 4% years 6-10; 7.5% discount rate; 3% terminal growth; approximately $56B net debt (mid-point of AB InBev's reported leverage range); approximately 2.0B shares outstanding.

Reasoning: BUDFF is simply the US OTC quotation of Anheuser-Busch InBev's ordinary shares (same company as NYSE-listed BUD ADRs), a mature global brewer with predictable cash flow, so a standard unlevered FCF DCF with a low discount rate reflecting its scale, diversification, and deleveraging trend is most appropriate.