Anheuser-Busch InBev: Solid Quarterly Results Suggest There's Some Potential Value Here

Anheuser-Busch InBev (BUD) delivered Q1 volume growth for the first time since 2023, beating revenue and EPS expectations. BUD's non-alcoholic and non-beer segments posted solid revenue growth, but North American volumes declined 3.1%, raising concerns about key markets. A reverse DCF suggests BUD is fairly valued at ~$82.25, but a TTM PE of 22.95 and middling dividend yield limit upside.