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STOCK COMPARISON

Anheuser Busch Inbev SA vs Hanoi Beer Alcohol and Beverage JSC: Fair Value & Quality

Both stocks run through our valuation models. Here is how Anheuser Busch Inbev SA (ABI) and Hanoi Beer Alcohol and Beverage JSC (BHN) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Anheuser Busch Inbev SA trades at €68.30 versus a fair value of €61.85 (-9%), while Hanoi Beer Alcohol and Beverage JSC trades at VND 27,200 versus VND 24,312 (-11%).
Anheuser Busch Inbev SA
ABI.BR · EUR · Consumer Staples
-9%
upside to fair value
fairly valued
Price€68.30
Fair Value€61.85
Quality62/100
Hanoi Beer Alcohol and Beverage JSC
BHN.VN · VND · Consumer Staples
-11%
upside to fair value
overvalued
PriceVND 27,200
Fair ValueVND 24,312
Quality69/100
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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

Anheuser Busch Inbev SAHanoi Beer Alcohol and Beverage JSC
Valuation
22.4×P/E (TTM)10.7×
2.50×P/S (TTM)0.76×
1.74× · book value is mostly goodwillP/B1.53×
10.8×EV/EBITDA9.2×
1.87×PEGn/a
−9.4%Fair value upside−10.6%
1.7%Dividend yield3.9%
Profitability
27%Operating margin7%
1.29×EBIT margin trend (5Y)0.79×
9%Return on equity12%
5%Return on assets4%
Growth
12%Revenue growth (YoY)20%
0.9%Avg. growth/yr (3Y)0.5%
4.8%Avg. growth/yr (5Y)2.8%
+9.7%Value creation/yr+3.3%
Balance & size
3.9×Interest coverage (EBIT/interest)221.6×
0.83×Debt / equityn/a
$152BMarket cap$277M
mixedGrowth qualityhealthy

Anheuser Busch Inbev SA leads: 7 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.

Anheuser Busch Inbev SAof which business quality 59 · market factors 68 Hanoi Beer Alcohol and Beverage JSCof which business quality 67 · market factors 41
ProfitabilityMargins and returns on capital today
32
53
Quality GrowthAre margins and returns improving?
46
52
CashflowEarnings quality: real cash, not paper profit
85
48
Fin. StrengthBalance sheet, leverage, solvency risk
35
86
InvestmentDisciplined investing over empire-building
80
97
Low VolatilityCalm price path (market factor)
80
89
MomentumPrice trend over the last 3–12 months (market factor)
58
29
52W MomentumDistance to the 52-week high (market factor)
74
7
Net IssuanceShare count: buybacks or dilution?
96
82

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 familyAnheuser Busch Inbev SAPrice €68.30Hanoi Beer Alcohol and Beverage JSCPrice VND 27,200
DCF Models+12%close to the price€76.48+7%close to the priceVND 29,221
Earnings-Based-30%below the price€47.80-59%below the priceVND 11,155
Dividend Discountn/a-57%below the priceVND 11,619
Multiples+11%close to the price€75.97+26%above the priceVND 34,264
Asset-Based-50%below the price€34.20-50%below the priceVND 13,645
Growth DCF+9%close to the price€74.33-14%close to the priceVND 23,328
Economic Profit-32%below the price€46.53-48%below the priceVND 14,241
Growth Earnings+3%close to the price€70.50+25%above the priceVND 33,999
Minimum-50%below the price€34.20-59%below the priceVND 11,155
Maximum+12%close to the price€76.48+26%above the priceVND 34,264
Median+3%close to the price€70.50-31%below the priceVND 18,785
Geometric mean-15%close to the price€58.39-29%below the priceVND 19,392

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%.

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

Hanoi Beer Alcohol and Beverage JSC: 13 of 25 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.

Anheuser Busch Inbev SA
Price €68.30
Fair Value €61.85
Bear €43.17Bull €90.39
Hanoi Beer Alcohol and Beverage JSC
Price VND 27,200
Fair Value VND 24,312
Bear VND 18,509Bull VND 31,266

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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.

Anheuser Busch Inbev SA · Consumer Staples

Quality score62 · above median
Fair value upside-9% · below median

Hanoi Beer Alcohol and Beverage JSC · Consumer Staples

Quality score69 · Top 25%
Fair value upside-11% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Anheuser Busch Inbev SA trades at €68.30 versus a fair value of €61.85 (-9%), while Hanoi Beer Alcohol and Beverage JSC trades at VND 27,200 versus VND 24,312 (-11%).

Hanoi Beer Alcohol and Beverage JSC has the higher quality score (69/100).

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.