Anheuser-Busch InBev SABUD

Market cap

P/E ratio

	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Revenue	54,619	52,329	46,881	54,300	57,786	59,380	59,768
Cost of sales	20,359	20,362	19,634	23,097	26,305	27,396	26,744
Gross profit	34,259	31,967	27,247	31,207	31,481	31,984	33,024
Distribution expenses	5,770	5,525	5,104	5,889	6,389	6,277	6,201
Sales and marketing expenses	7,883	7,348	6,861	7,292	6,752	7,158	7,156
Administrative expenses	3,465	3,548	3,404	4,394	4,414	4,738	4,983
Other operating income (expense)	680	875	845	805	841	778	779
Exceptional costs above profit from operations	-	-	-	-	251	624	-25
Profit from operations	17,106	16,098	9,620	13,824	14,517	13,966	15,487
Finance expense	9,168	5,095	8,419	6,040	6,047	6,133	6,376
Finance income	440	1,622	722	431	1,898	1,031	1,024
Net finance income/(expense)	-8,729	-3,473	-7,697	-5,609	-4,148	-5,102	-5,353
Share of results of associates	-	-	-	-	299	295	329
Exceptional share of results of associates	-	-	-	-	-1,143	-35	104
Profit before tax	8,530	12,776	2,079	8,463	9,524	9,124	10,568
Income tax expense	2,839	2,786	1,932	2,350	1,928	2,234	3,152
Profit of the period	5,691	10,414	2,202	6,114	7,597	6,891	7,416
Equity holders of AB InBev	4,368	8,748	-650	4,670	5,969	5,341	5,855
Non-controlling interest	1,323	1,243	797	1,444	1,628	1,550	1,561
Basic earnings per share	2.21	4.62	0.7	2.33	2.97	2.65	2.92
Diluted earnings per share	2.17	4.53	0.69	2.28	2.91	2.6	2.86