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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Anheuser-Busch InBev    ABI   BE0974293251

ANHEUSER-BUSCH INBEV

(ABI)
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Delayed Quote. Delayed Euronext Bruxelles - 05/22 11:35:23 am
37.48 EUR   +0.40%
05/21AB INBEV : Gets a Buy rating from Bernstein
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05/20AB INBEV : JP Morgan withdraws its Sell rating
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05/19Pandemic Boosts Big Beer Brands -- WSJ
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AB InBev Withdraws 2020 Earnings Guidance

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03/23/2020 | 09:19pm EDT

By P.R. Venkat

Anheuser-Busch InBev SA is withdrawing its guidance for 2020, joining the list of many global companies that have done the same, as the extent of the impact caused by the Covid-19 pandemic on businesses and economies remain uncertain.

The pandemic represents unprecedented challenges for societies, governments and businesses across the world, AB InBev Chief Executive Carlos Brito said in a statement late Monday.

Multinational companies around the world, including Ford Motor Co., Marriott International Inc. and Airbus, have also said they are withdrawing their outlook and guidance for 2020 due to the economic uncertainty caused by the pandemic.

Some companies have also been drawing on credit lines and suspending dividend payments, signaling the deep impact the virus is likely to create on companies' financials.

The spread of the virus, which has so far claimed over 14,500 lives and has infected more than 300,000 people, has led to governments around the world imposing tighter border controls and restrictions on travel, and recommending social distancing.

Last week, AB InBev said it was drawing down $9 billion in loan facilities, in addition to more than $7 billion in cash and cash equivalents on the company's balance sheet at the end of 2019.

AB InBev--the world's largest brewer, with brands such as Budweiser, Bud Light and Michelob Ultra--had said in February that it expects growth in earnings before interest, taxes, depreciation and amortization of 2% to 5%, with most of that delivered in the second half.

The company had said then that it lost $170 million in profits during the first two months of 2020.

"We are living in extraordinary times," Mr. Brito said.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV 0.40% 37.48 Delayed Quote.-48.45%
BUDWEISER BREWING COMPANY APAC LIMITED -6.26% 20.2 End-of-day quote.-23.19%
WORLD CO., LTD. 1.38% 1327 End-of-day quote.-50.69%
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Financials (USD)
Sales 2020 44 217 M
EBIT 2020 12 204 M
Net income 2020 1 621 M
Debt 2020 83 257 M
Yield 2020 2,49%
P/E ratio 2020 62,3x
P/E ratio 2021 11,7x
EV / Sales2020 3,69x
EV / Sales2021 3,24x
Capitalization 80 047 M
Chart ANHEUSER-BUSCH INBEV
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Technical analysis trends ANHEUSER-BUSCH INBEV
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 57,70 $
Last Close Price 40,85 $
Spread / Highest target 137%
Spread / Average Target 41,2%
Spread / Lowest Target -47,2%
EPS Revisions
Managers
NameTitle
Carlos Alves de Brito Chief Executive Officer
Martin J. Barrington Chairman
Luis Felipe Pedreira Dutra Leite Chief Financial & Technology Officer
William F. Gifford Non-Executive Director
Marcel Herrmann Telles Non-Executive Director
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