BUD

BUD — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($80.95)
DCF$2377.28+2836.7%
Graham Number$58.42-27.8%
Reverse DCFimplied g: 6.4%
DDM$26.78-66.9%
EV/EBITDA$97.84+20.9%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $10.53B
Rev: 4.8% / EPS: 63.3%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$2373.19
Current Price$80.95
Upside / Downside+2831.7%
Net Debt (used)$61.39B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term55.3%59.3%63.3%67.3%71.3%
7.0%$2979.16$3384.06$3831.51$4324.76$4867.26
8.0%$2304.09$2617.55$2963.89$3345.65$3765.47
9.0%$1844.44$2095.66$2373.19$2679.06$3015.38
10.0%$1513.48$1719.90$1947.91$2199.17$2475.40
11.0%$1265.34$1438.19$1629.10$1839.43$2070.64

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $3.39
Yahoo: $44.74

Results

Graham Number$58.42
Current Price$80.95
Margin of Safety-27.8%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$80.95
Implied Near-term FCF Growth6.4%
Historical Revenue Growth4.8%
Historical Earnings Growth63.3%
Base FCF (TTM)$10.53B
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: $1.30

Results

DDM Intrinsic Value / share$26.78
Current Price$80.95
Upside / Downside-66.9%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $19.42B
Current: 11.8×
Default: $61.39B

Results

Implied Equity Value / share$97.84
Current Price$80.95
Upside / Downside+20.9%
Implied EV$229.75B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$31.39B$46.39B$61.39B$76.39B$91.39B
7.8x$70.13$61.41$52.69$43.98$35.26
9.8x$92.70$83.98$75.27$66.55$57.83
11.8x$115.28$106.56$97.84$89.12$80.41
13.8x$137.85$129.13$120.42$111.70$102.98
15.8x$160.42$151.71$142.99$134.27$125.56