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AB InBev Shares (JSE: ANH)

JSE Consumer Defensive Beverages - Brewers

R1,302.09 −R50.85 (−3.76%)
At close: 29 Oct 2026

ANH Stock Chart

Key Statistics

Market Cap
R2.66tn
P/E Ratio (TTM)
17.22
EPS (TTM)
R78.58
Dividend Yield
1.65%
52-Week Range
R1,020.50 – R1,446.03
Day Range
R1,250.01 – R1,348.70
Volume
1,322,445
Avg. Volume (50 Days)
336,322
Beta
0.78
50-Day Average
R1,285.92
200-Day Average
R1,274.43
Shares Outstanding
1.75bn

About AB InBev

AB InBev brews and sells beer across North, Middle and South America, Europe, the Middle East, Africa and Asia Pacific. Its portfolio runs to about 500 beer brands, with Budweiser, Corona Extra, Michelob Ultra and Stella Artois among the best known. Beyond beer, it sells flavoured malt drinks, soft drinks, ready-to-drink cocktails made with spirits, and energy drinks.

The group reports by region: North America, Middle Americas, South America, EMEA and Asia Pacific, plus a segment for global export and holding companies. It also runs BEES, a digital ordering platform for business customers, the Zé Delivery and TaDa Delivery on-demand services, and the PerfectDraft home draft system. The business dates from 1366, and it was called InBev until it took its present name in November 2008.

Sector
Consumer Defensive
Industry
Beverages - Brewers
Listed
JSE: ANH
Headquarters
Leuven
Country
South Africa
Employees
137,000
Year End
December
Website
ab-inbev.com
ISIN
BE0974293251

Earnings

Last Results
30 Jul 2026
Beat estimates
EPS Est. (FY 2026)
$74.55
2 analysts
Last EPS
$20.31
EPS – Reported vs Estimated
Mar 25
Jun 25
Sep 25
Dec 25
Jun 26

Estimated EPS Reported EPS

Quarter Ended Estimate Reported EPS Surprise Reported
Jun 2026 $19.11 $20.31 +6.28% 30 Jul 2026
Dec 2025 $14.93 $15.11 +1.21% 12 Feb 2026
Sep 2025 $16.40 $16.93 +3.23% 30 Oct 2025
Jun 2025 $16.58 $17.60 +6.15% 31 Jul 2025
Mar 2025 $14.93 $14.72 −1.41% 8 May 2025
Dec 2024 $13.87 $16.21 +16.85% 26 Feb 2025
Sep 2024 $16.11 $17.30 +7.39% 31 Oct 2024
Jun 2024 $15.02 $16.36 +8.92% 1 Aug 2024

Our Analysis

Anheuser-Busch Inbev SA NV (Ab Inbev) is a holding company listed on the Johannesburg Stock Exchange (JSE) and the largest brewer in the world, and one of the world’s top five consumer product companies as measured by EBITDA.

The graph below shows the latest Ab InBev share price on the Johannesburg Stock Exchange. Investors have seen Anheuser-Busch Inbev SA NV shares perform well historically, and it remains a steady gainer, particularly since the start of this year.

Who Are Anheuser-Busch Inbev?

The history of Anheuser-Busch Inbev SA NV can be traced back to 2August 1977 when it was founded on and it operates with subsidiaries like Anheuser-Busch, InBev, SABMiller, Ambev, and more.

Today, Anheuser-Busch Inbev SA NV has a diversified portfolio of products and services in more sectors of the beverages value chain and provides the following: production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands.

Recent Developments

Anheuser-Busch InBev SA/NV (ANH.JO), the world’s largest brewer, finds itself at a fascinating juncture in mid-2025. Trading on the Johannesburg Stock Exchange, ANH.JO represents a slice of a global behemoth whose portfolio includes iconic brands like Budweiser, Corona, and Stella Artois.

While the company boasts a staggering market capitalization of ZAR 2,457,617,825,792 (approximately $135 billion USD), recent performance and future prospects present a mixed bag for investors.

The dividend yield of 1.64% provides a modest income stream for shareholders, and the company has recently increased its dividend payouts, signaling a commitment to returning value.

The company’s strong global presence and diverse brand portfolio act as a significant buffer against regional economic downturns and changing consumer preferences. The company operates in a consumer staples industry, known for its resilience during economic downturns. Consumers may cut back on discretionary spending, but beer consumption tends to hold relatively steady. This provides a degree of stability to AB InBev’s revenue stream.

However, ANH.JO faces significant headwinds. The lingering impact of the Bud Light controversy serves as a stark reminder of the power of consumer sentiment. While the company has taken steps to address the situation, rebuilding trust and regaining market share will be a long and arduous process. Furthermore, AB InBev carries a substantial debt load, a legacy of its aggressive acquisition strategy. While the company has been working to deleverage, this debt burden limits its financial flexibility and exposes it to interest rate risk.

Moreover, the alcoholic beverage market is becoming increasingly competitive, with the rise of craft breweries and alternative beverages. AB InBev must constantly innovate and adapt to stay ahead of the curve. This requires significant investment in research and development, marketing, and distribution. The company’s ability to successfully navigate this evolving landscape will be crucial to its long-term success.

ANH Stock Chart – 5 Year

Over the past five years, ANH has experienced significant financial fluctuations, although remains up more than 30% on the period into the middle of this year.

Company Essentials

Anheuser-Busch Inbev SA NV has its headquarters at Grand-Place/Grote Markt 1, 1000 Brussels, Belgium with a global functional management office in New York City, and regional headquarters in São Paulo, London, St. Louis, Mexico City, Bremen, Johannesburg and others.

Anheuser-Busch Inbev SA NV has more than 175,000 employees based in nearly 50 countries worldwide and currently serves clients in areas including North America, Latin America West, Latin America North, Latin America South, Asia Pacific, Europe, Middle East, and Africa.

How to buy Anheuser-Busch Inbev Shares – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participating daily. To buy, sell or trade Anheuser-Busch Inbev SA NV stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “ANH”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

The Bull View

While the consensus seems to acknowledge the challenges facing AB InBev, bulls might suggest that the market is underestimating the company’s ability to recover and adapt. The sheer size and scale of AB InBev provide it with unparalleled resources and capabilities. The company has a proven track record of successfully integrating acquisitions and extracting synergies.

The current challenges, while significant, may ultimately prove to be temporary setbacks in the company’s long-term growth trajectory. Furthermore, the Bud Light controversy, while damaging, could also serve as a catalyst for positive change. It has forced the company to re-evaluate its marketing strategies and become more attuned to consumer sentiment. The lessons learned from this experience could ultimately make AB InBev a stronger and more resilient company. Considering the recent focus on marketing changes, the company may be in a stronger position to connect with their consumer base. The company may be able to leverage data analytics and targeted advertising to reach specific consumer segments and tailor its marketing messages accordingly.

From a financial perspective, the company’s focus on deleveraging could unlock significant value for shareholders. As the company reduces its debt burden, it will free up cash flow for other purposes, such as dividends, share buybacks, and acquisitions. This could lead to a significant increase in the stock price over time. Also, AB InBev’s expansion into emerging markets offers significant growth opportunities. As disposable incomes rise in these regions, demand for alcoholic beverages is expected to increase. AB InBev’s established presence and distribution network in these markets give it a competitive advantage.

Ultimately, investing in ANH.JO requires a careful assessment of the risks and rewards. While the company faces significant challenges, it also possesses considerable strengths. Investors must weigh the potential for recovery and growth against the lingering effects of past controversies and the competitive pressures of the market.

Analyst Team
Analyst Team
Team Member

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

Financials

Revenue (TTM)
$62.61bn
Net Margin
14.90%
Operating Margin
27.34%
Return on Equity
11.39%
Return on Assets
4.88%
Forward P/E
16.64
PEG Ratio
1.69
Price to Sales
42.55
Price to Book
1.71
Book Value per Share
R776.74
Current Ratio
0.72
Revenue (Annual)
Dec 22
Dec 23
Dec 24
Dec 25
USD (billions) Dec 2025 Dec 2024 Dec 2023 Dec 2022
Revenue 59.32 59.77 59.38 57.79
Net Income 6.84 5.86 5.34 5.97
Net Margin 11.5% 9.8% 9.0% 10.3%
Operating Cash Flow 14.88 15.06 13.27 13.30
Debt to Equity — — — —

Dividends

Annual Dividend
R22.33
Payout Ratio
29.73%
Dividend Yield
1.65%
Last Ex-Dividend Date
6 May 2026
Ex-Dividend Date Payment Date Amount Type
6 May 2026 — R13.481 —
17 Nov 2025 — R2.0835 —
5 May 2025 — R14.5309 —
3 May 2024 — R11.434 —
2 May 2024 — R16.707 —
3 May 2023 — R10.5996 —
2 May 2023 — R15.1638 —
4 May 2022 — R8.4129 —

Latest News & Analysis

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Figures as of 28 Oct 2026.

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