AB InBev is the undisputed global beer market leader with Budweiser, Corona, Stella Artois, and hundreds of local brands. The post-SABMiller leverage is still the main investment debate — net debt/EBITDA near 3.5x is declining but slowly. Premium mix (Michelob Ultra, Corona Cero non-alcoholic) is performing well and offsetting volume pressure in the US value segment. Brazil (40% of profits) is the key growth market and has been resilient. The Bud Light controversy impact has faded and US market share has stabilised.
Thesis reviewed May 29, 2026
Anheuser-Busch InBev SA/NV is headquartered in Belgium, which is currently showing moderate signals.
🇧🇪Belgium48NEUTRALView Belgium risk detail →🛍Consumer30NEUTRAL| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| JD | JD.com Inc | 34 | +13% | ↑2% | EARLY |
| NIO | NIO Inc | 34 | -10% | ↑2% | AVOID |
| LI | Li Auto Inc | 34 | +7% | ↑2% | NEUTRAL |
| BTI | British American Tobacco PLC | 34 | +14% | ↑2% | EARLY |
| DEO | Diageo PLC | 34 | +8% | ↑2% | NEUTRAL |
| RACE | Ferrari NV | 34 | +17% | ↑2% | EARLY |
| TM | Toyota Motor Corporation | 34 | +12% | ↑2% | EARLY |
Investors who hold ABI.BR may also have indirect exposure through these country funds.
AB InBev Q4 revenue per hectolitre +5.2% on premium mix gains; volume +1.8%
Brazil operations deliver 12% revenue growth; Dominican Republic and Colombia strong
Corona Cero non-alcoholic brand reaches €200M revenue in first full year
Estimates · Yahoo Finance · Not audited figures