Riva, CamilloVoltz, Ludwig2024-11-152024-11-152024-01-112023-12-19http://hdl.handle.net/10362/175266Based on the total return of 29%, we recommend buying AB InBev shares. AB InBev is a global brewery that operates in five different regions. The market outlook in these five regions is favorable and is expected to grow at an average CAGR of 5.8% until 2027. AB InBev faces key risks from increasing commodity prices, regulatory changes, and currency fluctuations. However, we consider these risks to be low to moderate. Additionally, AB InBev is outperforming its peers in terms of revenue, operating margin, and global presence. We arrived at this conclusion through a multiple valuation and sensitivity analysis, which led us to believe that the stock is undervalued. Hence, our recommendation for AB InBev's stock is to buy.engBeer industryMarket segmentationCompetitiv landscapeIndustry trendsmaster thesis203604466