Budweiser Brewing Company APAC Limited (BDWBY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Budweiser Brewing Company APAC Limited stock $3.41, price $3.08, upside +10.7%, quality 65 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $2.85 – $11.87 · fair‑value band $2.62 – $4.19 · the $3.08 price screens below the $3.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Budweiser Brewing Company APAC in your weekly email
Every Wednesday you see whether Budweiser Brewing Company APAC is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Budweiser Brewing Company APAC Limited, an investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.
Show moreShow less
It brews, imports, markets, distributes, and sells a portfolio of beer brands, including Budweiser, Stella Artois, Corona, Harbin, Hoegaarden, and Cass. The company was founded in 1876 and is headquartered in Causeway Bay, Hong Kong.
Budweiser Brewing Company APAC Limited operates as a subsidiary of AB InBev Brewing Company (APAC) Limited.
Stock analysis
Budweiser Brewing Company APAC Limited (BDWBY) currently trades at $3.08, while our model-based Fair Value estimate is $3.41, so the stock looks roughly fairly valued today (gap 9.7%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $3.91 per share, and 15 of the 24 models we run sit above the $3.08 price.
Bear case: the Asset-Based group reads lowest at $0.5400, and 9 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $2.62 (bear) to $4.19 (bull), the price of $3.08 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Budweiser Brewing Company APAC Limited reported revenue of $5.8B in FY2025 versus $6.8B in FY2021, a compound −3.9%/yr. Reported net income was $489M in FY2025, compounding −15.2%/yr from FY2021.
Key figures
Market cap $10.3B Large · P/E ratio 18.1 · P/S ratio 1.77 · EPS (TTM) $0.1700 · Dividend yield 7.1% · Net margin 9.5% · Return on equity 5.8% · Return on assets (EBIT) 7.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 19% fair-value upside, at 11%, BDWBY screens richer than that median.
Fair Value models
Bear$2.62Fair Value $3.41Bull$4.19
Price $3.08 · Upside +10.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.0966 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−7.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.7%
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−4.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.6%
Dividend (yield on the price)7.1%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 16%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −6.2% a year for the price and +0.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (40 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: Scale in APAC beer markets bolsters organizational capital while low returns on equity and limited pricing power constrain the durability of its competitive position.
Main risk: Domestic rivals such as China Resources Beer and Tsingtao Brewery could expand further in China's premium segment and erode Budweiser APAC's volumes, pricing power and margins in its core market.
Bull case: By investing in megabrands, innovation and digital in-home channels while drawing on AB InBev scale, the company could stabilize China volumes and accelerate growth in India and South Korea.
Bear case: Should local competitors keep taking premium share and on-premise weakness persist, Budweiser APAC could face prolonged volume declines and sustained margin pressure throughout its APAC operations.
Budweiser APAC is restructuring several Chinese subsidiaries to boost group-wide capital efficiency. The step triggers a sizable one-time withholding tax charge, while a separate provision for overdue Indian receivables will also hit reported third-quarter profit, though the company states these leave organic growth unaffected. Will the efficiency gains and progress in markets like South Korea prove more lasting than these accounting pressures?
Compare Budweiser Brewing Company APAC Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Beverages - Brewers · 55 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside+10.7% · Above median
Profitability
Return on equity (12 months)5.8% · Below median
Return on assets3.3% · Below median
Net margin (12 months)9.5% · Above median
Operating margin (12 months)18.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.2% · Below median
Dividend yield (12 months)7.1% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Beverages - Brewers median · lower = cheaper
P/E (12 months)18.1× · Pricier than median
P/B1.00× · Cheapest 25%
P/S (12 months)1.77× · Pricier than median
Price / free cash flow (fiscal year)16.0× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Budweiser Brewing Company APAC Limited Fair Value". https://www.fairvalue-calculator.com/stock/BDWBY
Frequently asked questions
Is Budweiser Brewing Company APAC Limited (BDWBY) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $3.41 versus a price of $3.08, about +11% upside (fairly valued).
What is the fair value of BDWBY?
Our model-based fair value for Budweiser Brewing Company APAC Limited is $3.41 (as of Nov 8, 2026), built from audited fundamentals. The current price: $3.08.
What is the quality score of BDWBY?
Budweiser Brewing Company APAC Limited has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Budweiser Brewing Company APAC Limited (BDWBY)?
Our model-based price target is the fair value of $3.41 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario $2.62, optimistic scenario $4.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Budweiser Brewing Company APAC Limited stock forecast for 2026?
Our models put fair value at $3.41, about +11% upside versus a price of $3.08 (fairly valued). Cautious scenario $2.62, optimistic scenario $4.19. The calculation is refreshed regularly with new filings.
What is the revenue of Budweiser Brewing Company APAC Limited (BDWBY)?
Budweiser Brewing Company APAC Limited reported trailing-twelve-month revenue of about $5.8B (latest available figure, as of Nov 8, 2026).
Does Budweiser Brewing Company APAC Limited pay a dividend?
Budweiser Brewing Company APAC Limited currently shows a dividend yield of 7.06% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Budweiser Brewing Company APAC Limited (BDWBY) and when is the ex-dividend date?
Budweiser Brewing Company APAC Limited has a dividend yield of 7.1%. The last ex-dividend date was May 21, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 33.5% of earnings. Free cash flow covers the dividend 3.41 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Budweiser Brewing Company APAC Limited (BDWBY)?
For today's price to be fair in a discounted-cash-flow model, Budweiser Brewing Company APAC Limited would have to grow free cash flow by -4.0 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.6 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of BDWBY use?
Our models discount Budweiser Brewing Company APAC Limited at 8.1 %: a base by market capitalisation (large), damped by beta 0.48, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Budweiser Brewing Company APAC Limited that is -4.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Budweiser Brewing Company APAC Limited (BDWBY) delivered so far?
Over the past 5 years revenue at Budweiser Brewing Company APAC Limited grew +0.6 % a year. The price currently implies free-cash-flow growth of -4.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Budweiser Brewing Company APAC Limited (BDWBY) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Budweiser Brewing Company APAC Limited (-4.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Budweiser Brewing Company APAC Limited (BDWBY)?
The free-cash-flow yield on the price is 6.26 %: that much free cash flow Budweiser Brewing Company APAC Limited produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Budweiser Brewing Company APAC Limited (BDWBY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Budweiser Brewing Company APAC Limited it is $3.41 per share (as of Nov 8, 2026), against a price of $3.08. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Budweiser Brewing Company APAC Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BDWBY trades below its calculated fair value: price $3.08, fair value $3.41, a gap of about +11% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BDWBY?
No. The price is what the market pays today ($3.08); the fair value is what the company's own numbers justify ($3.41). For Budweiser Brewing Company APAC Limited the two are $0.3300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Budweiser Brewing Company APAC Limited worth?
The market values Budweiser Brewing Company APAC Limited at about $10.3B (market capitalisation, as of Nov 8, 2026). Per share that is $3.08; our models calculate a fair value of $3.41 per share.
What do the bullish and bearish scenarios say about BDWBY?
Our models span a range for Budweiser Brewing Company APAC Limited: cautious scenario $2.62, base $3.41, optimistic $4.19 per share (as of Nov 8, 2026, price $3.08). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BDWBY?
Budweiser Brewing Company APAC Limited trades at a price-to-earnings ratio of 18.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $3.41 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 41.5. Other multiples: PEG 1.0, P/B 1.0, P/S 1.8, EV/EBITDA 5.4.
What is the PEG ratio of BDWBY?
The PEG ratio of Budweiser Brewing Company APAC Limited is 0.97 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Budweiser Brewing Company APAC Limited (BDWBY)?
Balance-sheet figures for Budweiser Brewing Company APAC Limited (as of Nov 8, 2026): return on equity 5.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is BDWBY from its 52-week high?
Budweiser Brewing Company APAC Limited trades at $3.08, about 24% below its 52-week high of $4.07 and 8% above the low of $2.85 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $3.41 is for.
Which stocks are comparable to Budweiser Brewing Company APAC Limited?
From the same area (Consumer Defensive) we also value Anheuser-Busch InBev SA, Heineken N.V, Constellation Brands, Inc, Heineken Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Budweiser Brewing Company APAC Limited stock attractive at the current price?
The data as of Nov 8, 2026: price $3.08, calculated fair value $3.41 (+11%), Quality Score 65/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BDWBY calculated?
We run Budweiser Brewing Company APAC Limited through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $3.41 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Budweiser Brewing Company APAC Limited currently trades 10% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Budweiser Brewing Company APAC Limited (BDWBY)?
The closing price on Nov 6, 2026 was $3.08. Our model-based fair value is $3.41, about +11% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Budweiser Brewing Company APAC Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Budweiser Brewing Company APAC Limited
How large is the market capitalisation of Budweiser Brewing Company APAC Limited (BDWBY)?
The market capitalisation of Budweiser Brewing Company APAC Limited is $10.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Budweiser Brewing Company APAC Limited (BDWBY)?
The price-to-sales ratio of Budweiser Brewing Company APAC Limited is 1.77 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Budweiser Brewing Company APAC Limited (BDWBY)?
Earnings per share at Budweiser Brewing Company APAC Limited are $0.1700 (price ÷ EPS = P/E 18.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Budweiser Brewing Company APAC Limited (BDWBY)?
The dividend yield of Budweiser Brewing Company APAC Limited is 7.1% (payout 128%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Budweiser Brewing Company APAC Limited (BDWBY)?
The net margin of Budweiser Brewing Company APAC Limited is 9.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Budweiser Brewing Company APAC Limited (BDWBY)?
The return on equity (ROE) of Budweiser Brewing Company APAC Limited is 5.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Budweiser Brewing Company APAC Limited (BDWBY)?
On an EBIT basis the return on assets of Budweiser Brewing Company APAC Limited is 7.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Budweiser Brewing Company APAC Limited (BDWBY)?
The operating margin of Budweiser Brewing Company APAC Limited is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Budweiser Brewing Company APAC Limited (BDWBY)?
Revenue at Budweiser Brewing Company APAC Limited is growing +0.2% versus a year earlier (3y avg −3.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Budweiser Brewing Company APAC Limited (BDWBY)?
Earnings per share at Budweiser Brewing Company APAC Limited are growing +41.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Budweiser Brewing Company APAC Limited (BDWBY) hold?
Budweiser Brewing Company APAC Limited holds more cash than debt, $2.6B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Budweiser Brewing Company APAC Limited in the live analysis
One click puts Budweiser Brewing Company APAC Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026