Budweiser Brewing Company APAC Limited

BDWBFOTCConsumer Defensive● Active

$1.00

+$0.12(+13.25%)

Market Cap$13.2B

P/E Ratio—

52W High$1.23

52W Low$0.883

Avg Volume4K

Open$1.00

Beta0.46

Overview

Budweiser Brewing Company APAC Limited (BDWBF) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BDWBF · free cash flow · updated Jun 8, 2026

Core FCF metrics

BDWBF · FCF · TTM · margin & CAGR

Free cash flow was $644.8M for FY2025 (fiscal year ending 2025-12-31), down 14.5% year-over-year The FCF margin was 11.2%. Five-year CAGR stands at -4.0%.

FY2025 Free Cash Flow$644.8M▼ -14.5% YoY

Trailing 12M (TTM)$1.40Btrailing 4 quarters sum

FCF Margin11.2%$644.8M ÷ revenue

3-Year CAGR-16.0%FY2022 → FY2025

5-Year CAGR-4.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BDWBF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$952.2M(307M)$644.8M▼ 14.5%11.2%

FY2024$1.13B(381M)$754.6M▼ 42.7%12.1%

FY2023$1.81B(499M)$1.32B▲ +21.1%19.2%

FY2022$1.58B(496M)$1.09B▼ 15.9%16.7%

FY2021$1.90B(604M)$1.29B▲ +63.0%19.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BDWBF · P/FCF · FCF yield · FCF per share

Budweiser Brewing Company APAC Limited (BDWBF) trades at a FCF yield of 5.39% and a price-to-free-cash-flow ratio of 9.1x. FCF per share stands at $0.11, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.39%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.11

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x14.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BDWBF · cash flow statement · operating / investing / financing

For FY2025, Budweiser Brewing Company APAC Limited generated $952.2M in operating cash flow and spent 307M in capital expenditures, yielding $644.8M in free cash flow.

Operating Activities

+$952.2M

Cash from core business operations

2025-12-31

Investing Activities

−$324.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$738.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($952.2M) − |CapEx| (307M) = FCF ($644.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

BDWBF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Budweiser Brewing Company APAC LimitedYOU

BDWBF

$644.8M-14.5%11.2%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Budweiser Brewing Company APAC Limited (BDWBF) reported free cash flow of $644.8M for FY2025 (fiscal year ending 2025-12-31), down 14.5% year-over-year. The FCF margin was 11.2%.

Based on available data, Budweiser Brewing Company APAC Limited has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $1.32B in FY2023. The 5-year CAGR stands at -4.0%.

Budweiser Brewing Company APAC Limited's FCF yield is 5.39% and price-to-FCF ratio is 9.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BDWBF free cash flow · 8 questions

Budweiser Brewing Company APAC Limited free cash flow was $644.8M for FY2025, down 14.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.40B.

BDWBF free cash flowBDWBF FCFBDWBF FCF 2025BDWBF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Budweiser Brewing Company APAC Limited · Budweiser Brewing Company APAC Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026