Anheuser-Busch InBev N.V. ADS

  • TickerA0N916
  • ISINUS03524A1088
  • ExchangeFrankfurt Stock Exchange
  • SectorBeverages
  • CountryBelgium

Analysts

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

Nikolaas Faes

AB INBEV: Getting its act together | BUY - TOP PICKS | EUR100(+37%)

AB INBEV - BUY - TOP PICKS | EUR100(+37%) Getting its act together Successful investor conference Improvement in US market share likely to continue There is nothing better than a Happy Hour on a Monday evening

Nikolaas Faes

AB INBEV: Getting its act together | BUY - TOP PICKS | EUR100(+37%)

AB INBEV - BUY - TOP PICKS | EUR100(+37%) Getting its act together Successful investor conference Improvement in US market share likely to continue There is nothing better than a Happy Hour on a Monday evening

Philip Gorham

Morningstar | In Line 1Q for AB InBev as Potential IPO Could Signal Change in Strategy in Asia

AB InBev reported first-quarter results broadly in line with our expectations, although organic revenue growth of 5.9% was slightly more skewed to volume growth than we had anticipated. We have tweaked our near-term assumptions marginally, and lowered our revenue forecasts for foreign exchange headwinds, but we are reiterating our $118 fair value estimate for the ADRs as well as our wide moat rating. Management acknowledged rumours it is considering a potential minority stake listing of the Asia Pacific business, which we would regard as a net positive, valuation notwithstanding. Despite a str...

Philip Gorham

In Line 1Q for AB InBev as Potential IPO Could Signal Change in Strategy in Asia

AB InBev reported first-quarter results broadly in line with our expectations, although organic revenue growth of 5.9% was slightly more skewed to volume growth than we had anticipated. We have tweaked our near-term assumptions marginally, and lowered our revenue forecasts for foreign exchange headwinds, but we are reiterating our $118 fair value estimate for the ADRs as well as our wide moat rating. Management acknowledged rumours it is considering a potential minority stake listing of the Asia...

Philip Gorham

Morningstar | AB InBev Hits a Sticky Patch, but Developing Markets Provide Long-Term Growth Runway

Anheuser-Busch InBev has one of the strongest cost advantages in our consumer defensive coverage and is among the most efficient operators. Vast global scale and near-monopoly dominance in several Latin American and African markets give AB InBev significant fixed cost leverage and pricing power in procurement, especially following the acquisition of SABMiller in late 2016. This plays out in the firm's excess returns on invested capital and best-in-class operating and cash cycles, asset turnover ratios, and working capital management. AB InBev delays payments to trade creditors more than 20% lo...

Philip Gorham

AB InBev Hits a Sticky Patch, but Developing Markets Provide Long-Term Growth Runway

AB InBev reported fourth-quarter and full-year results that were very close to our forecasts, closing the book on a difficult year with a relatively stable quarter. With organic growth above most of the broader consumer staples sector, and because 2019 guidance is also close to our forecasts, we are maintaining our $118 fair value estimate for the ADRs. Despite the rally in the stock year-to-date, we still believe there is material upside to AB InBev, although we recognize that the upside is dep...

Philip Gorham

Morningstar | In Line 4Q for ABI Amid Slow Progress to Deleveraging

AB InBev reported fourth-quarter and full-year results that were very close to our forecasts, closing the book on a difficult year with a relatively stable quarter. With organic growth above most of the broader consumer staples sector, and because 2019 guidance is also close to our forecasts, we are maintaining our $118 fair value estimate for the ADRs. Despite the rally in the stock year-to-date, we still believe there is material upside to AB InBev, although we recognize that the upside is dependent upon margin improvement in Brazil and balance sheet deleverage, neither of which are likely t...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Fatma Agnès Hamdani
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olivier Lebrun
  • Philippe Ourpatian
  • Vincent Maulay
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/07/2018

...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Fatma Agnès Hamdani
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olivier Lebrun
  • Philippe Ourpatian
  • Vincent Maulay
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/09/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Nicolas Kieffer
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Thomas Zlowodzki
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/27/2018

Which stocks should be picked over the summer? We have sought to answer this question by screening the Stoxx 600 using simple criteria: buy stocks with positive 1m, 3m and 6m EPS revision and that are not expensive (maximum premium of 20% on P/E and P/B) relative to their respective sectors. We have selected stocks on which our analysts have Buy recommendations and our chart analyst (Rémy Colombero) has a positive opinion: Ahold, Aegon, Alten, Arkema, Eiffage and Ipsen. Applying a sym...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Nicolas Kieffer
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Salma Bouraoui
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Thomas Zlowodzki
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/07/2018

Quels titres favoriser pour l’été ? Nous avons tenté de répondre à cette question en criblant sur des critères simples le Stoxx 600 : acheter les titres qui connaissent une dynamique de révision de BPA positive à 1m, 3m et 6m et qui ne sont pas « chers » (prime maximale de 20% en P/E et P/B) par rapport à leurs secteurs de rattachement respectifs. Nous retenons les titres recommandés à l’Achat par nos analystes et pour lesquels notre chartiste (R. Colombero) a une opinion positive : A...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • François Maury
  • Hela Zarrouk
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam, CFA
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Vincent Maulay

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/26/2018

...

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

ValuEngine Rating and Forecast Report for BUD

Nikolaas Faes ...
  • Virginie Roumage

Spirits Top Picks for Q2 2019: Rémy Cointreau and ABI

Spirits Top Picks for Q2 2019: Rémy Cointreau and ABI Looking back at Q1: beer +4.9% vs spirits +3.3% (vs DJ Stoxx) What we see for Q2: Q1 releases expected to show a slowdown Conclusion: Rémy Cointreau… …and ABI are preferred

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch