$Anheuser-Busch Inbev (BUD.US)$The Belgian company was liste...

In the past 5 years, revenue declined first and then increased slightly, with an average growth rate of 1%. Operating profit also fell first and then rose, but it failed to return to the level of 5 years ago. Overall, it has shrunk by 12.4%. Net profit fluctuated sharply, with an average net profit of 6.4 billion dollars over 5 years. Interest expenses account for 23.3% of operating profit in 2022, and the interest burden is heavy. Gross profit margin has continued to decline in the past 4 years, from 62.4% to 54.5%. The return on net assets in 2022 is 8.4%, and the 5-year arithmetic average is 7.3%.

In the first three quarters of 2023, revenue increased by 4.2%, operating profit shrank by 0.6%, and net profit increased by 10.4%.

Currently, the price-earnings ratio is 21.5, and the price-earnings ratio is TTM 20.4. If net profit increases by 10% for the whole year, the price-earnings ratio will drop to 19.5, and the dividend ratio is 1.3%, which is unattractive in terms of valuation compared to the growth rate.