Heineken N.V.

ENXTAM:HEIA Stock Report

Market Cap: €38.4b

Heineken Past Earnings Performance

Past criteria checks 1/6

Heineken has been growing earnings at an average annual rate of 11.1%, while the Beverage industry saw earnings growing at 11.1% annually. Revenues have been growing at an average rate of 8.3% per year. Heineken's return on equity is 5.3%, and it has net margins of 3.4%.

Key information

11.1%

Earnings growth rate

11.3%

EPS growth rate

Beverage Industry Growth11.1%
Revenue growth rate8.3%
Return on equity5.3%
Net Margin3.4%
Next Earnings Update12 Feb 2025

Recent past performance updates

Heineken's (AMS:HEIA) Conservative Accounting Might Explain Soft Earnings

Feb 22
Heineken's (AMS:HEIA) Conservative Accounting Might Explain Soft Earnings

Recent updates

With Heineken N.V. (AMS:HEIA) It Looks Like You'll Get What You Pay For

Dec 05
With Heineken N.V. (AMS:HEIA) It Looks Like You'll Get What You Pay For

Does Heineken (AMS:HEIA) Have A Healthy Balance Sheet?

Oct 30
Does Heineken (AMS:HEIA) Have A Healthy Balance Sheet?

Heineken's (AMS:HEIA) Returns Have Hit A Wall

Oct 12
Heineken's (AMS:HEIA) Returns Have Hit A Wall

Investors Still Waiting For A Pull Back In Heineken N.V. (AMS:HEIA)

Aug 19
Investors Still Waiting For A Pull Back In Heineken N.V. (AMS:HEIA)

Here's Why Heineken (AMS:HEIA) Can Manage Its Debt Responsibly

Jun 29
Here's Why Heineken (AMS:HEIA) Can Manage Its Debt Responsibly

Return Trends At Heineken (AMS:HEIA) Aren't Appealing

Jun 11
Return Trends At Heineken (AMS:HEIA) Aren't Appealing

Heineken's (AMS:HEIA) Dividend Will Be €1.04

Apr 25
Heineken's (AMS:HEIA) Dividend Will Be €1.04

Getting In Cheap On Heineken N.V. (AMS:HEIA) Is Unlikely

Apr 19
Getting In Cheap On Heineken N.V. (AMS:HEIA) Is Unlikely

Heineken (AMS:HEIA) Will Pay A Dividend Of €1.04

Mar 10
Heineken (AMS:HEIA) Will Pay A Dividend Of €1.04

Heineken's (AMS:HEIA) Conservative Accounting Might Explain Soft Earnings

Feb 22
Heineken's (AMS:HEIA) Conservative Accounting Might Explain Soft Earnings

Is Heineken (AMS:HEIA) Using Too Much Debt?

Feb 18
Is Heineken (AMS:HEIA) Using Too Much Debt?

Revenue & Expenses Breakdown

How Heineken makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ENXTAM:HEIA Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2430,6621,0534,5490
31 Mar 2430,5121,6794,4710
31 Dec 2330,3622,3044,3920
30 Sep 2330,0602,4394,3540
30 Jun 2329,7582,5734,3150
31 Mar 2329,2392,6284,2270
31 Dec 2228,7192,6824,1390
30 Sep 2227,0683,1194,0110
30 Jun 2225,4163,5553,8830
31 Mar 2223,6793,4403,7390
31 Dec 2121,9413,3243,5940
30 Sep 2121,2122,2263,4890
30 Jun 2120,4821,1273,3830
31 Mar 2120,0994623,4360
31 Dec 2019,715-2043,4890
30 Sep 2020,7423653,6380
30 Jun 2021,7699333,7870
31 Mar 2022,8691,5503,8610
31 Dec 1923,9692,1663,9340
30 Sep 1923,5532,0334,0100
30 Jun 1923,1371,9004,0850
31 Mar 1922,8131,9074,0650
31 Dec 1822,4891,9134,0440
30 Sep 1822,2761,9634,0060
30 Jun 1822,0622,0133,9670
31 Mar 1821,8361,9743,8880
31 Dec 1721,6091,9353,8090
30 Sep 1721,3251,8803,7310
30 Jun 1721,0401,8253,6530
31 Mar 1720,9161,6833,6100
31 Dec 1620,7921,5403,5670
30 Sep 1620,7511,4373,5490
30 Jun 1620,7091,3343,5300
31 Mar 1620,6101,6133,5540
31 Dec 1520,5111,8923,5770
30 Sep 1520,1951,9613,4970
30 Jun 1519,8792,0293,4160
31 Mar 1519,5681,7733,3680
31 Dec 1419,2571,5163,3190
30 Sep 1419,1901,4363,2560
30 Jun 1419,1231,3563,1920
31 Mar 1419,1631,3603,2790
31 Dec 1319,2031,3643,3660

Quality Earnings: HEIA has a large one-off loss of €728.0M impacting its last 12 months of financial results to 30th June, 2024.

Growing Profit Margin: HEIA's current net profit margins (3.4%) are lower than last year (8.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HEIA's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: HEIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HEIA had negative earnings growth (-59.1%) over the past year, making it difficult to compare to the Beverage industry average (-0.3%).

Return on Equity

High ROE: HEIA's Return on Equity (5.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 23:14
End of Day Share Price 2024/12/24 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Heineken N.V. is covered by 58 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert Jan VosABN AMRO Bank N.V.
Pierre-Yves GauthierAlphaValue
Juan Correas RubioBanco Santander