HEIA Stock Overview
Heineken N.V. engages in the brewing and selling of beer and cider.
Price History & Performance
|Historical stock prices|
|Current Share Price||€94.60|
|52 Week High||€104.60|
|52 Week Low||€77.50|
|1 Month Change||1.70%|
|3 Month Change||2.78%|
|1 Year Change||0.19%|
|3 Year Change||0.063%|
|5 Year Change||8.54%|
|Change since IPO||1,594.08%|
Recent News & Updates
Heineken N.V.'s (AMS:HEIA) Intrinsic Value Is Potentially 85% Above Its Share Price
In this article we are going to estimate the intrinsic value of Heineken N.V. ( AMS:HEIA ) by taking the forecast...
|HEIA||NL Beverage||NL Market|
Return vs Industry: HEIA exceeded the Dutch Beverage industry which returned -2.3% over the past year.
Return vs Market: HEIA exceeded the Dutch Market which returned -14.5% over the past year.
|HEIA Average Weekly Movement||3.4%|
|Beverage Industry Average Movement||3.8%|
|Market Average Movement||5.0%|
|10% most volatile stocks in NL Market||7.9%|
|10% least volatile stocks in NL Market||3.0%|
Stable Share Price: HEIA is less volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HEIA's weekly volatility (3%) has been stable over the past year.
About the Company
|1864||81,070||Dolf van den Brink||https://www.theheinekencompany.com|
Heineken N.V. engages in the brewing and selling of beer and cider. It also provides soft drinks and water. It offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Birra Moretti, Affligem, Lagunitas, and Mort Subite brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Follow The Fox, Cidrerie Stassen, Bulmers, Old Mout, and Blind Pig brands.
Heineken Fundamentals Summary
|HEIA fundamental statistics|
Is HEIA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HEIA income statement (TTM)|
|Cost of Revenue||€13.33b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Feb 15, 2023
|Earnings per share (EPS)||5.77|
|Net Profit Margin||15.15%|
How did HEIA perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is HEIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HEIA?
Other financial metrics that can be useful for relative valuation.
|What is HEIA's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HEIA's PE Ratio compare to its peers?
|HEIA PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HEIO Heineken Holding
CCEP Coca-Cola Europacific Partners
JDEP JDE Peet's
1876 Budweiser Brewing Company APAC
Price-To-Earnings vs Peers: HEIA is good value based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (20.6x).
Price to Earnings Ratio vs Industry
How does HEIA's PE Ratio compare vs other companies in the European Beverage Industry?
Price-To-Earnings vs Industry: HEIA is good value based on its Price-To-Earnings Ratio (16.4x) compared to the European Beverage industry average (18.8x)
Price to Earnings Ratio vs Fair Ratio
What is HEIA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||16.4x|
|Fair PE Ratio||35.4x|
Price-To-Earnings vs Fair Ratio: HEIA is good value based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (35.4x).
Share Price vs Fair Value
What is the Fair Price of HEIA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HEIA (€94.6) is trading below our estimate of fair value (€188.57)
Significantly Below Fair Value: HEIA is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Heineken forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEIA's forecast earnings growth (3% per year) is above the savings rate (0.1%).
Earnings vs Market: HEIA's earnings (3% per year) are forecast to grow slower than the Dutch market (4.7% per year).
High Growth Earnings: HEIA's earnings are forecast to grow, but not significantly.
Revenue vs Market: HEIA's revenue (9% per year) is forecast to grow faster than the Dutch market (7.2% per year).
High Growth Revenue: HEIA's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HEIA's Return on Equity is forecast to be low in 3 years time (15.3%).
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How has Heineken performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEIA has a large one-off gain of €1.3B impacting its December 31 2021 financial results.
Growing Profit Margin: HEIA became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HEIA's earnings have declined by 5.8% per year over the past 5 years.
Accelerating Growth: HEIA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HEIA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Beverage industry (38.2%).
Return on Equity
High ROE: HEIA's Return on Equity (17.9%) is considered low.
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How is Heineken's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HEIA's short term assets (€9.6B) do not cover its short term liabilities (€12.1B).
Long Term Liabilities: HEIA's short term assets (€9.6B) do not cover its long term liabilities (€17.1B).
Debt to Equity History and Analysis
Debt Level: HEIA's net debt to equity ratio (63.5%) is considered high.
Reducing Debt: HEIA's debt to equity ratio has reduced from 100.3% to 80% over the past 5 years.
Debt Coverage: HEIA's debt is well covered by operating cash flow (26.5%).
Interest Coverage: HEIA's interest payments on its debt are well covered by EBIT (7.9x coverage).
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What is Heineken current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HEIA's dividend (1.54%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (2.21%).
High Dividend: HEIA's dividend (1.54%) is low compared to the top 25% of dividend payers in the Dutch market (5.96%).
Stability and Growth of Payments
Stable Dividend: HEIA is not paying a notable dividend for the Dutch market, therefore no need to check if payments are stable.
Growing Dividend: HEIA is not paying a notable dividend for the Dutch market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: HEIA is not paying a notable dividend for the Dutch market.
Cash Payout to Shareholders
Cash Flow Coverage: HEIA is not paying a notable dividend for the Dutch market.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dolf van den Brink (49 yo)
Mr. Rudolf Gijsbert Servaas van den Brink, also known as Dolf, serves as Chairman of the Executive Board and Chief Executive Officer at Heineken N.V. since June 1, 2020. He served as Non–Executive Director...
CEO Compensation Analysis
Compensation vs Market: Dolf's total compensation ($USD8.62M) is above average for companies of similar size in the Dutch market ($USD3.27M).
Compensation vs Earnings: Dolf's compensation has been consistent with company performance over the past year.
Experienced Management: HEIA's management team is considered experienced (3.8 years average tenure).
Experienced Board: HEIA's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Heineken N.V.'s employee growth, exchange listings and data sources
- Name: Heineken N.V.
- Ticker: HEIA
- Exchange: ENXTAM
- Founded: 1864
- Industry: Brewers
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: €54.451b
- Shares outstanding: 575.59m
- Website: https://www.theheinekencompany.com
Number of Employees
- Heineken N.V.
- Tweede Weteringplantsoen 21
- 1017 ZD
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/08 00:00|
|End of Day Share Price||2022/08/08 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.