ABI Stock Fell >23% Value In Last 6 Months; What Is It Actually Worth?
Anheuser-Busch InBev has seen its stock price drop by over 23% over the last 6 months, to $74.80 as of February 7, 2020. A major part of the drop began post the announcement of the company’s Q3 2019 results, which saw a major drop in beer volume sold in China. Subsequently, the consensus for the company’s top line has been lowered for the full 2019 as well as 2020. However, the company’s margins are expected to rise due to its successful deleveraging program and SABMiller synergy benefits. Improving profitability is likely to support growth in the company’s stock price, with revenue also expected to see an uptick 2020 onward. Trefis has a price estimate of $97 per share for Anheuser-Busch InBev’s stock, which reflects an upside of close to 30% from its current level of $74.80. (Forbes)