Heineken's (AMS:HEIA) Returns Have Hit A Wall
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Dutch (AEX) Market Analysis & Valuation
UpdatedOct 19, 2024
DataAggregated Company Financials
Companies102
- 7D-3.7%
- 3M-4.1%
- 1Y25.2%
- YTD8.2%
Over the last 7 days, the market has dropped 3.7%, driven by a loss of 13% in the Information Technology sector. In the last year, the market is actually up 25%. Looking forward, earnings are forecast to grow by 18% annually.
Market Valuation and Performance
Has the Dutch Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 19 Oct 2024 | €1.0t | €563.1b | €52.8b | 18.2x | 19.2x | 1.8x |
| Mon, 16 Sep 2024 | €1.0t | €567.1b | €40.1b | 16.5x | 25.4x | 1.8x |
| Wed, 14 Aug 2024 | €1.0t | €564.5b | €40.2b | 15.3x | 25.2x | 1.8x |
| Fri, 12 Jul 2024 | €1.1t | €560.9b | €41.1b | 16.3x | 27.4x | 2x |
| Sun, 09 Jun 2024 | €1.1t | €561.8b | €44.5b | 17.6x | 25.2x | 2x |
| Tue, 07 May 2024 | €1.1t | €561.8b | €44.4b | 17x | 24.1x | 1.9x |
| Thu, 04 Apr 2024 | €1.0t | €553.0b | €45.5b | 16.5x | 23x | 1.9x |
| Sat, 02 Mar 2024 | €1.0t | €569.4b | €48.7b | 17.3x | 20.8x | 1.8x |
| Mon, 29 Jan 2024 | €968.2b | €592.4b | €60.8b | 16.5x | 15.9x | 1.6x |
| Wed, 27 Dec 2023 | €914.1b | €594.2b | €60.1b | 16.5x | 15.2x | 1.5x |
| Fri, 24 Nov 2023 | €876.2b | €596.9b | €59.3b | 15.6x | 14.8x | 1.5x |
| Sun, 22 Oct 2023 | €790.4b | €593.5b | €51.0b | 15.4x | 15.5x | 1.3x |
| Tue, 19 Sep 2023 | €869.8b | €591.7b | €50.1b | 16.9x | 17.4x | 1.5x |
| Thu, 17 Aug 2023 | €887.3b | €575.7b | €47.3b | 16.9x | 18.8x | 1.5x |
| Sat, 15 Jul 2023 | €940.7b | €579.7b | €51.5b | 16.9x | 18.3x | 1.6x |
| Mon, 12 Jun 2023 | €910.8b | €587.0b | €48.4b | 16.8x | 18.8x | 1.6x |
| Wed, 10 May 2023 | €874.6b | €569.4b | €45.9b | 17.2x | 19.1x | 1.5x |
| Fri, 07 Apr 2023 | €891.2b | €562.0b | €50.4b | 15.6x | 17.7x | 1.6x |
| Sun, 05 Mar 2023 | €902.8b | €556.2b | €44.8b | 16.1x | 20.2x | 1.6x |
| Tue, 31 Jan 2023 | €911.5b | €542.0b | €53.7b | 15.7x | 17x | 1.7x |
| Thu, 29 Dec 2022 | €813.9b | €543.0b | €54.3b | 14.3x | 15x | 1.5x |
| Sat, 26 Nov 2022 | €862.4b | €545.6b | €54.7b | 14.8x | 15.8x | 1.6x |
| Mon, 24 Oct 2022 | €748.7b | €511.9b | €80.2b | 13.2x | 9.3x | 1.5x |
| Wed, 21 Sep 2022 | €772.3b | €511.1b | €73.3b | 12.8x | 10.5x | 1.5x |
| Fri, 19 Aug 2022 | €877.2b | €509.5b | €72.7b | 14.9x | 12.1x | 1.7x |
| Sun, 17 Jul 2022 | €819.8b | €519.9b | €76.1b | 15.1x | 10.8x | 1.6x |
| Tue, 14 Jun 2022 | €850.4b | €515.4b | €76.2b | 14.7x | 11.2x | 1.7x |
| Thu, 12 May 2022 | €873.6b | €529.0b | €75.2b | 15.4x | 11.6x | 1.7x |
| Sat, 09 Apr 2022 | €957.1b | €519.7b | €73.9b | 17.1x | 13x | 1.8x |
| Mon, 07 Mar 2022 | €1.2t | €955.9b | €92.1b | 16.6x | 13.5x | 1.3x |
| Wed, 02 Feb 2022 | €1.4t | €899.3b | €63.9b | 20.3x | 22.5x | 1.6x |
| Fri, 31 Dec 2021 | €1.3t | €704.1b | €59.5b | 21.8x | 21.9x | 1.8x |
| Sun, 28 Nov 2021 | €1.3t | €704.2b | €59.5b | 21.2x | 22.2x | 1.9x |
| Tue, 26 Oct 2021 | €1.4t | €678.7b | €42.5b | 21.8x | 32.7x | 2x |
Price to Earnings Ratio
32.7x
Current Market PE
- Investors are relatively neutral on the Dutch market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 18.1x.
Past Earnings Growth
- The earnings for Dutch listed companies have grown 7.5% per year over the last three years.
- Meanwhile revenues for these companies have declined 6.0% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.
Sector Trends
Which sectors have driven the changes within the Dutch Market?
| NL Market | -3.67% | |
| Industrials | 1.98% | |
| Telecom | 1.93% | |
| Financials | 1.52% | |
| Consumer Staples | 1.19% | |
| Healthcare | 0.77% | |
| Real Estate | 0.31% | |
| Materials | 0.28% | |
| Utilities | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | -1.38% | |
| Energy | -1.67% | |
| Tech | -13.19% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 42.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 20.2% which is higher than its past year's earnings decline of 10.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 53% over the next 5 years.
- In contrast, the Energy sector is expected to see its earnings decline by 2.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ADYEN Adyen | €1.42k | 4.3% +€1.8b | 108.4% | PE53.4x | Financials | |
| WKL Wolters Kluwer | €159.00 | 2.8% +€1.0b | 33.6% | PE36.5x | Industrials | |
| DSFIR DSM-Firmenich | €118.10 | 2.7% +€809.1m | 54.0% | PS2.5x | Materials | |
| CCEP Coca-Cola Europacific Partners | €72.70 | 2.4% +€783.6m | 33.6% | PE20.8x | Consumer Staples | |
| UMG Universal Music Group | €24.07 | 1.6% +€695.0m | -1.1% | PE28.4x | Telecom |
