Market Pulse44Neutral

Anheuser-Busch InBev SA/NVOpportunity Rank #80(BUD) Intrinsic Value & DCF Analysis (2026)

Current Price

$80.57

Last updated: Jul 20, 2026

Price vs Intrinsic Value

$80.57
Price
$221.77
Intrinsic Value
Undervalued by 175%MOS: $177.42

Fundamental Score

72/100
Bullish

Weighted across 6 signals

Narrative Score

51/100
Weak

No change vs previous

Trend Score

60/100
Constructive

As of 2026-07-17

The intrinsic value of Anheuser-Busch InBev SA/NV (BUD) is estimated at $221.77 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $80.57, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 3.49% long-term growth rate and a 10.29% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of Anheuser-Busch InBev SA/NV (BUD) is estimated at $221.77 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $80.57, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 3.49% long-term growth rate and a 10.29% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$221.77
175.25% upside
20% margin of safety: $177.42
Years: 10Growth Rate: 3.49%
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Capital Efficiency

Average Quarterly ROIC
3.76%
Cost of Capital (estimated)9%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

72/100
BullishWeighted across 6 signals
DCF Discount
175.3% discount to price
100
FCF Yield
24.0% trailing FCF yield
100
ROIC vs WACC
ROIC 3.8% vs WACC 9.0% (0.4x)
21
Net Debt / FCF
1.6x net debt to FCF
41
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
22.0% 5Y FCF CAGR
100
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC.

Narrative Details

51/100
Weak
Vs 6-Month Baseline:Low (10th pct)Weighted across 2 recent drivers
Trend: StableConfidence: 72%Updated: 2d ago
Sources: 27 (23 News · 4 Analyst)
Drivers(last 30 days)
23 news sentiment+0.1
4 analyst reiterations0.0

Trend Details

60/100
ConstructiveAs of 2026-07-17310 daily bars used
Distance from 52-Week High-5.3%
6M Relative Strength vs SPY+9.5%
21 EMA vs 50 EMA+0.9%
Price vs 21 EMA49 · -0.1%
Price vs 50 EMA54 · +0.8%
21 EMA vs 50 EMA57 · +0.9%
3M RS vs SPY54 · +0.9%
6M RS vs SPY74 · +9.5%
Distance from 52W High89 · -5.3%

Investment Coach

Updating... 38d ago
BUYConfidence: 62%
Thesis
Anheuser-Busch InBev SA/NV (BUD) presents a compelling buy opportunity with an estimated fair value 179.6% above its current price and a strong fundamental score of 72, supported by a healthy free cash flow yield of 23.8%. Despite trailing its cost of capital, the company shows robust buyback activity and solid free cash flow growth, indicating potential for value realization.
Key Risk
The company's return on invested capital (ROIC) remains below its weighted average cost of capital (WACC), posing a risk to sustained value creation.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC versus WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 3.49%5 Year CAGR: 13.08%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009200820072006
$37,372$18,596$18,885$17,931$18,094$20,216$13,810$17,722$18,653$20,379$15,056$18,780$18,468$17,767$16,626$15,968$12,235$10,878$8,755$7,590$5,715

How Intrinziq Estimates Fair Value

Intrinziq estimates Anheuser-Busch InBev SA/NV's intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Anheuser-Busch InBev SA/NVConsumer Defensive

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.