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HEIO

Heineken HoldingENXTAM:HEIO Stock Report

Last Price

€81.75

Market Cap

€23.5b

7D

-3.2%

1Y

7.7%

Updated

23 Jan, 2022

Data

Company Financials +
HEIO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health3/6
Dividends0/6

HEIO Stock Overview

Heineken Holding N.V., through its subsidiaries, engages in the brewing and selling of beer and cider.

Heineken Holding Competitors

Nestlé

SWX:NESN

CHF332.9b

Coca-Cola

NYSE:KO

US$261.1b

PepsiCo

NasdaqGS:PEP

US$243.7b

Anheuser-Busch InBev

ENXTBR:ABI

€115.1b

Price History & Performance

Summary of all time highs, changes and price drops for Heineken Holding
Historical stock prices
Current Share Price€81.75
52 Week High€87.05
52 Week Low€70.35
Beta0.79
1 Month Change1.36%
3 Month Change6.03%
1 Year Change7.71%
3 Year Change11.15%
5 Year Change23.94%
Change since IPO965.47%

Recent News & Updates

Jan 05
Is Heineken Holding N.V. (AMS:HEIO) Trading At A 47% Discount?

Is Heineken Holding N.V. (AMS:HEIO) Trading At A 47% Discount?

Today we will run through one way of estimating the intrinsic value of Heineken Holding N.V. ( AMS:HEIO ) by taking the...

Dec 03
Does Heineken Holding (AMS:HEIO) Have A Healthy Balance Sheet?

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

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Oct 29
Heineken Holding (AMS:HEIO) Hasn't Managed To Accelerate Its Returns

Heineken Holding (AMS:HEIO) Hasn't Managed To Accelerate Its Returns

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...

Sep 02
We Think Heineken Holding (AMS:HEIO) Is Taking Some Risk With Its Debt

We Think Heineken Holding (AMS:HEIO) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

HEIONL BeverageNL Market
7D-3.2%-1.0%-2.1%
1Y7.7%17.8%10.9%

Return vs Industry: HEIO underperformed the Dutch Beverage industry which returned 17.8% over the past year.

Return vs Market: HEIO underperformed the Dutch Market which returned 10.9% over the past year.

Price Volatility

Is HEIO's price volatile compared to industry and market?
HEIO volatility
HEIO Average Weekly Movement3.4%
Beverage Industry Average Movement3.5%
Market Average Movement4.3%
10% most volatile stocks in NL Market7.4%
10% least volatile stocks in NL Market2.6%

Stable Share Price: HEIO is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HEIO's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
186480,000n/ahttps://www.heinekenholding.com

Heineken Holding N.V., through its subsidiaries, engages in the brewing and selling of beer and cider. The company sells its beers under, including Heineken, Lagunitas, Sol, Tiger, Birra Moretti, Edelweiss, Desperados, Harar, Windhoek, Maltina, Dos Equis, Red Stripe, Gösser, Sagres, Affligem, and Mort Subite brands; and ciders under the Strongbow, Orchard Thieves, Cidrerie Stassen, Bulmers, Old Mout, and Blind Pig brands. Its portfolio consists of approximately 300 international, regional, local, and specialty beers and ciders.

Heineken Holding Fundamentals Summary

How do Heineken Holding's earnings and revenue compare to its market cap?
HEIO fundamental statistics
Market Cap€23.55b
Earnings (TTM)€564.00m
Revenue (TTM)€20.48b

41.7x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HEIO income statement (TTM)
Revenue€20.48b
Cost of Revenue€12.26b
Gross Profit€8.23b
Expenses€7.66b
Earnings€564.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 16, 2022

Earnings per share (EPS)1.96
Gross Margin40.17%
Net Profit Margin2.75%
Debt/Equity Ratio101.9%

How did HEIO perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

50%

Payout Ratio

Valuation

Is Heineken Holding undervalued compared to its fair value and its price relative to the market?

48.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HEIO (€81.75) is trading below our estimate of fair value (€158.68)

Significantly Below Fair Value: HEIO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HEIO is poor value based on its PE Ratio (41.7x) compared to the European Beverage industry average (29.1x).

PE vs Market: HEIO is poor value based on its PE Ratio (41.7x) compared to the Dutch market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: HEIO is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: HEIO is overvalued based on its PB Ratio (3.3x) compared to the XE Beverage industry average (2.2x).


Future Growth

How is Heineken Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

23.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEIO's forecast earnings growth (23.8% per year) is above the savings rate (0.09%).

Earnings vs Market: HEIO's earnings (23.8% per year) are forecast to grow faster than the Dutch market (2.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HEIO's revenue (8.2% per year) is forecast to grow slower than the Dutch market (9% per year).

High Growth Revenue: HEIO's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HEIO's Return on Equity is forecast to be low in 3 years time (14.5%).


Past Performance

How has Heineken Holding performed over the past 5 years?

-13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HEIO has a large one-off loss of €698.0M impacting its June 30 2021 financial results.

Growing Profit Margin: HEIO's current net profit margins (2.8%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: HEIO's earnings have declined by 13.8% per year over the past 5 years.

Accelerating Growth: HEIO's earnings growth over the past year (20.8%) exceeds its 5-year average (-13.8% per year).

Earnings vs Industry: HEIO earnings growth over the past year (20.8%) underperformed the Beverage industry 22.9%.


Return on Equity

High ROE: HEIO's Return on Equity (8.7%) is considered low.


Financial Health

How is Heineken Holding's financial position?


Financial Position Analysis

Short Term Liabilities: HEIO's short term assets (€8.4B) do not cover its short term liabilities (€11.4B).

Long Term Liabilities: HEIO's short term assets (€8.4B) do not cover its long term liabilities (€16.5B).


Debt to Equity History and Analysis

Debt Level: HEIO's net debt to equity ratio (89.2%) is considered high.

Reducing Debt: HEIO's debt to equity ratio has reduced from 105.9% to 101.9% over the past 5 years.

Debt Coverage: HEIO's debt is well covered by operating cash flow (27.7%).

Interest Coverage: HEIO's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet


Dividend

What is Heineken Holding current dividend yield, its reliability and sustainability?

0.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HEIO's dividend (0.69%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (1.58%).

High Dividend: HEIO's dividend (0.69%) is low compared to the top 25% of dividend payers in the Dutch market (4.26%).


Stability and Growth of Payments

Stable Dividend: HEIO is not paying a notable dividend for the Dutch market, therefore no need to check if payments are stable.

Growing Dividend: HEIO is not paying a notable dividend for the Dutch market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: HEIO is not paying a notable dividend for the Dutch market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HEIO's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average management tenure


CEO

Heineken Holding has no CEO, or we have no data on them.


Leadership Team

Experienced Management: HEIO's management team is considered experienced (4.9 years average tenure).


Board Members

Experienced Board: HEIO's board of directors are considered experienced (8.8 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Heineken Holding N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Heineken Holding N.V.
  • Ticker: HEIO
  • Exchange: ENXTAM
  • Founded: 1864
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: €23.546b
  • Shares outstanding: 288.03m
  • Website: https://www.heinekenholding.com

Number of Employees


Location

  • Heineken Holding N.V.
  • Tweede Weteringplantsoen 5
  • Amsterdam
  • Noord-Holland
  • 1017 ZD
  • Netherlands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 19:08
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.