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STOCK COMPARISON

Lanzhou Huanghe Enterprise Co vs Anheuser Busch Inbev SA: Fair Value & Quality

Both stocks run through our valuation models. Here is how Lanzhou Huanghe Enterprise Co (000929) and Anheuser Busch Inbev SA (ABI) compare, as of Sep 28, 2026.

As of Sep 28, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Lanzhou Huanghe Enterprise Co trades at ¥9.17 versus a fair value of ¥4.83 (−47.3%), while Anheuser Busch Inbev SA trades at €67.68 versus €60.78 (−10.2%).
Lanzhou Huanghe Enterprise Co
000929.SHE · CNY · Consumer Staples
−47.3%
upside to fair value
overvalued
Price¥9.17
Fair Value¥4.83
Quality52/100
Anheuser Busch Inbev SA
ABI.BR · EUR · Consumer Staples
−10.2%
upside to fair value
overvalued
Price€67.68
Fair Value€60.78
Quality60/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Lanzhou Huanghe Enterprise CoAnheuser Busch Inbev SA
Valuation
n/aP/E (TTM)16.9×
n/aForward P/E (FY2027)15.5×
n/aMedian P/E at FY-end (10 FY, ex one-offs where documented)25.0×
0.71×P/S (TTM)2.43×
0.76×P/B1.74× · book value is mostly goodwill
n/aEV/EBITDA10.8×
n/aPEG1.59×
−47.3%Fair value upside−10.2%
0.0%Dividend yield1.7%
n/aDividend per share€1.15
Profitability
-61.1%Operating margin27.3%
n/aEBIT margin trend (5Y)1.29×
-35.7%Return on equity11.4%
-17.7%Return on assets4.9%
Growth
43.1%Revenue growth (YoY)11.0%
11.5%Avg. growth/yr (3Y)0.9%
3.8%Avg. growth/yr (5Y)4.8%
n/aValue creation/yr+9.7%
Balance & size
n/aInterest coverage (EBIT/interest)3.9×
0.05×Debt / equity0.83×
$277MMarket cap$152B
expensiveGrowth qualitymixed
Anheuser Busch Inbev SA, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2020, FY2021 ex one-offs: 25.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Anheuser Busch Inbev SA leads: 3 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Lanzhou Huanghe Enterprise Coof which business quality 52 · market factors 50 Anheuser Busch Inbev SAof which business quality 58 · market factors 67
ProfitabilityMargins and returns on capital today
7
32
Quality GrowthAre margins and returns improving?
72
46
CashflowEarnings quality: real cash, not paper profit
33
85
Fin. StrengthBalance sheet, leverage, solvency risk
67
35
InvestmentDisciplined investing over empire-building
78
80
Low VolatilityCalm price path (market factor)
76
80
MomentumPrice trend over the last 3–12 months (market factor)
38
57
52W MomentumDistance to the 52-week high (market factor)
43
72
Net IssuanceShare count: buybacks or dilution?
82
87

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyLanzhou Huanghe Enterprise CoPrice ¥9.17Anheuser Busch Inbev SAPrice €67.68
DCF Modelsn/a+10.6%close to the price€74.86
Earnings-Basedn/a−30.9%below the price€46.78
Multiplesn/a+9.9%close to the price€74.36
Asset-Based−85.6%below the price¥1.32−50.5%below the price€33.48
Growth DCFn/a+7.5%close to the price€72.75
Economic Profitn/a−32.6%below the price€45.61
Growth Earningsn/a+2.0%close to the price€69.01
Minimum−85.6%below the price¥1.32−50.5%below the price€33.48
Maximum−85.6%below the price¥1.32+10.6%close to the price€74.86
Median−85.6%below the price¥1.32+2.0%close to the price€69.01
Geometric mean−85.6%below the price¥1.32−15.5%below the price€57.17

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Lanzhou Huanghe Enterprise Co: 1 of 1 models see the stock below the current price.

Anheuser Busch Inbev SA: 12 of 23 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Lanzhou Huanghe Enterprise Co
Price ¥9.17
Fair Value ¥4.83
Bear ¥3.15Bull ¥6.03
Anheuser Busch Inbev SA
Price €67.68
Fair Value €60.78
Bear €42.37Bull €88.82

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Lanzhou Huanghe Enterprise Co · Consumer Staples

Quality score52 · below median
Fair value upside−47.3% · bottom 25%

Anheuser Busch Inbev SA · Consumer Staples

Quality score60 · above median
Fair value upside−10.2% · below median

Bottom line

As of Sep 28, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Lanzhou Huanghe Enterprise Co trades at ¥9.17 versus a fair value of ¥4.83 (−47.3%), while Anheuser Busch Inbev SA trades at €67.68 versus €60.78 (−10.2%).

Anheuser Busch Inbev SA has the higher quality score (60/100).

Open Anheuser Busch Inbev SA live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.