Stock HEIA HEINEKEN N.V.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Heineken N.V.

Equities

HEIA

NL0000009165

Brewers

Market Closed - Euronext Amsterdam
Other stock markets
 11:39:54 2024-04-26 am EDT 		5-day change 1st Jan Change
91.4 EUR -1.51% Intraday chart for Heineken N.V. +1.96% -0.59%
Apr. 26 Mexico's Femsa Reports Higher Sales, Lower Net Profit for 1Q DJ
Apr. 25 Heineken N.V. Approves Final Dividend for the Year 2023, Payable on 7 May 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 54,121 52,480 56,918 50,583 52,101 51,680 - -
Enterprise Value (EV) 1 69,352 69,201 70,543 64,114 67,936 66,564 65,392 64,238
P/E ratio 25.2 x -253 x 17.1 x 18.9 x 22.5 x 20.4 x 17.4 x 15.3 x
Yield 1.77% 0.77% 1.25% 1.97% 1.88% 1.97% 2.2% 2.38%
Capitalization / Revenue 2.27 x 2.66 x 2.6 x 1.76 x 1.72 x 1.63 x 1.55 x 1.48 x
EV / Revenue 2.9 x 3.51 x 3.22 x 2.23 x 2.24 x 2.1 x 1.96 x 1.84 x
EV / EBITDA 12.2 x 13.8 x 13.9 x 10.6 x 9.5 x 9.79 x 8.91 x 8.27 x
EV / FCF 28.6 x 42.3 x 24.7 x 23.7 x 34 x 29.7 x 23 x 19.8 x
FCF Yield 3.49% 2.36% 4.05% 4.22% 2.94% 3.37% 4.35% 5.05%
Price to Book 3.37 x 3.92 x 3.28 x 2.59 x 2.58 x 2.43 x 2.25 x 2.08 x
Nbr of stocks (in thousands) 570,180 575,308 575,740 575,595 566,680 565,427 - -
Reference price 2 94.92 91.22 98.86 87.88 91.94 91.40 91.40 91.40
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,894 19,724 21,901 28,694 30,308 31,738 33,436 34,955
EBITDA 1 5,670 5,022 5,087 6,055 7,154 6,800 7,337 7,770
EBIT 1 4,020 2,421 3,414 4,502 4,443 4,692 5,142 5,479
Operating Margin 16.82% 12.27% 15.59% 15.69% 14.66% 14.79% 15.38% 15.67%
Earnings before Tax (EBT) 1 3,284 157 4,334 4,170 2,522 3,838 4,553 4,903
Net income 1 2,166 -204 3,324 2,682 2,304 2,468 2,956 3,195
Net margin 9.07% -1.03% 15.18% 9.35% 7.6% 7.78% 8.84% 9.14%
EPS 2 3.770 -0.3600 5.770 4.650 4.090 4.482 5.254 5.969
Free Cash Flow 1 2,422 1,635 2,857 2,705 1,996 2,241 2,844 3,242
FCF margin 10.14% 8.29% 13.05% 9.43% 6.59% 7.06% 8.51% 9.27%
FCF Conversion (EBITDA) 42.72% 32.56% 56.16% 44.67% 27.9% 32.95% 38.76% 41.72%
FCF Conversion (Net income) 111.82% - 85.95% 100.86% 86.63% 90.78% 96.22% 101.46%
Dividend per Share 2 1.680 0.7000 1.240 1.730 1.730 1.802 2.011 2.171
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 S1 2025 S2
Net sales 1 12,448 9,243 10,481 9,971 - 5,966 11,930 6,742 13,485 9,415 5,794 15,209 7,632 9,804 17,436 8,015 7,779 15,794 8,184 8,405 15,237 8,468 8,121 16,443 7,156 15,524 17,104
EBITDA - - 2,859 - - - - - - - - - - - - - - - - - - - - - - - -
EBIT 2,239 827 1,594 1,628 - 802.5 1,786 - 2,155 - - 2,347 - - 1,939 - - 2,504 - - 2,126 - - 2,673 - - -
Operating Margin 17.99% 8.95% 15.21% 16.33% - 13.45% 14.97% - 15.98% - - 15.43% - - 11.12% - - 15.85% - - 13.95% - - 16.26% - - -
Earnings before Tax (EBT) 1,808 -221 378 1,609 - - 2,725 - 2,002 - - 2,168 - - 1,276 - - 1,246 - - 1,750 - - 2,293 - 1,972 2,488
Net income 1,230 -297 93 1,034 2,048 242 2,290 - 1,265 - - 1,417 - - 1,156 - - 1,148 - - 1,216 - - 1,593 - 1,370 1,729
Net margin 9.88% -3.21% 0.89% 10.37% - 4.06% 19.2% - 9.38% - - 9.32% - - 6.63% - - 7.27% - - 7.98% - - 9.69% - 8.83% 10.11%
EPS - - - 1.800 - - - - 2.200 - - - - - 2.040 - - - - - 2.160 - - 2.820 - 2.430 3.070
Dividend per Share 1.040 - 0.7000 0.2800 - - 0.9600 - 0.5000 - - 1.230 - - 0.6900 - - 1.040 - - 1.510 - - 0.9900 - 1.700 1.070
Announcement Date 2/12/20 8/3/20 2/10/21 8/2/21 10/27/21 2/16/22 2/16/22 8/1/22 8/1/22 10/26/22 2/15/23 2/15/23 4/19/23 7/31/23 7/31/23 10/25/23 2/14/24 2/14/24 4/24/24 - - - - - - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 15,231 16,721 13,625 13,531 15,835 14,884 13,712 12,558
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.686 x 3.33 x 2.678 x 2.235 x 2.213 x 2.189 x 1.869 x 1.616 x
Free Cash Flow 1 2,422 1,635 2,857 2,705 1,996 2,241 2,844 3,242
ROE (net income / shareholders' equity) 14.1% 7.81% 13.3% 14.5% 13.3% 12.8% 13.9% 14.4%
ROA (Net income/ Total Assets) 4.89% 2.59% 4.46% 5.3% 4.89% 4.81% 5.68% 6.43%
Assets 1 44,327 -7,879 74,494 50,628 47,077 51,280 52,011 49,676
Book Value Per Share 2 28.10 23.30 30.20 34.00 35.60 37.60 40.60 44.00
Cash Flow per Share 2 7.550 10.90 7.260 7.810 7.860 8.760 9.380 9.830
Capex 1 1,915 1,501 1,324 1,791 2,434 2,751 2,783 2,846
Capex / Sales 8.01% 7.61% 6.05% 6.24% 8.03% 8.67% 8.32% 8.14%
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Heineken N.V.

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
91.4 EUR
Average target price
100.2 EUR
Spread / Average Target
+9.59%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Brewers

1st Jan change Capi.
HEINEKEN N.V. Stock Heineken N.V.
-0.59% 55.17B
ANHEUSER-BUSCH INBEV SA/NV Stock Anheuser-Busch InBev SA/NV
-3.94% 119B
DELTA CORPORATION LIMITED Stock Delta Corporation Limited
+384.45% 67.41B
CONSTELLATION BRANDS, INC. Stock Constellation Brands, Inc.
+7.57% 47.58B
AMBEV S.A. Stock Ambev S.A.
-12.53% 36.89B
HEINEKEN HOLDING N.V. Stock Heineken Holding N.V.
0.00% 23.13B
CARLSBERG A/S Stock Carlsberg A/S
+12.68% 19.06B
BUDWEISER BREWING COMPANY APAC LIMITED Stock Budweiser Brewing Company APAC Limited
-25.17% 18.42B
ASAHI GROUP HOLDINGS, LTD. Stock Asahi Group Holdings, Ltd.
+3.94% 17.59B
CHINA RESOURCES BEER (HOLDINGS) COMPANY LIMITED Stock China Resources Beer (Holdings) Company Limited
+6.29% 15.06B
Other Brewers
  1. Stock Market
  2. Equities
  3. HEIA Stock
  4. Financials Heineken N.V.