Anheuser-Busch InBev SA/NV (BUDFF)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $144.1B, Anheuser-Busch InBev SA/NV's free cash flow of $11.2B (fiscal 2025) would need to grow about -1% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Anheuser-Busch InBev SA/NV's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from BUDFF's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Anheuser-Busch InBev SA/NV's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $54.3B | $57.8B | $59.4B | $59.8B | $59.3B |
| Net income | $4.7B | $6.0B | $5.3B | $5.9B | $6.8B |
| Free cash flow | $9.2B | $8.1B | $8.6B | $11.2B | $11.2B |
| EPS (diluted) | $2.28 | $2.91 | $2.60 | $2.86 | $3.39 |
| Operating margin | 25.5% | 25.1% | 23.5% | 25.9% | 26.0% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own BUDFF
From each investor's latest 13F filing (what a 13F shows).
Insider buying
Open-market purchases by Anheuser-Busch InBev SA/NV's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
What growth does Anheuser-Busch InBev SA/NV's stock price imply?
At a market value of $144.1B, Anheuser-Busch InBev SA/NV would need its free cash flow to grow about -1% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 9% a year.
Are Anheuser-Busch InBev SA/NV insiders buying the stock?
No open-market insider purchases of BUDFF in the last 12 months, according to SEC Form 4 filings.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.