Heineken N.V.

OTCPK:HINK.F Stock Report

Market Cap: US$42.3b

Heineken Valuation

Is HINK.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HINK.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HINK.F ($76.2) is trading below our estimate of fair value ($256.86)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HINK.F?

Key metric: As HINK.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HINK.F. This is calculated by dividing HINK.F's market cap by their current earnings.
What is HINK.F's PE Ratio?
PE Ratio38.1x
Earnings€1.05b
Market Cap€40.13b

Price to Earnings Ratio vs Peers

How does HINK.F's PE Ratio compare to its peers?

The above table shows the PE ratio for HINK.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.7x
TAP Molson Coors Beverage
13.6x3.3%US$12.9b
SAM Boston Beer Company
43.9x19.4%US$3.6b
KDP Keurig Dr Pepper
18.6x6.1%US$42.9b
STZ Constellation Brands
74.6x31.8%US$43.1b
HINK.F Heineken
38.1x25.2%US$40.1b

Price-To-Earnings vs Peers: HINK.F is expensive based on its Price-To-Earnings Ratio (38.1x) compared to the peer average (37.7x).

Price to Earnings Ratio vs Industry

How does HINK.F's PE Ratio compare vs other companies in the North American Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HINK.F 38.1xIndustry Avg. 17.9xNo. of Companies4PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HINK.F is expensive based on its Price-To-Earnings Ratio (38.1x) compared to the Global Beverage industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is HINK.F'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.

HINK.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.1x
Fair PE Ratio34.2x

Price-To-Earnings vs Fair Ratio: HINK.F is expensive based on its Price-To-Earnings Ratio (38.1x) compared to the estimated Fair Price-To-Earnings Ratio (34.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HINK.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$76.20
US$101.93
+33.8%
12.2%US$129.76US$69.87n/a21
Nov ’25US$81.36
US$101.93
+25.3%
12.2%US$129.76US$69.87n/a21
Oct ’25US$89.00
US$105.67
+18.7%
13.5%US$142.79US$71.53n/a21
Sep ’25US$89.40
US$108.53
+21.4%
12.6%US$143.88US$77.56n/a21
Aug ’25US$89.18
US$105.73
+18.6%
13.3%US$146.18US$75.30n/a21
Jul ’25US$95.46
US$107.69
+12.8%
13.6%US$145.01US$74.69n/a21
Jun ’25US$98.40
US$107.15
+8.9%
13.5%US$144.34US$74.35n/a21
May ’25US$99.60
US$107.15
+7.6%
13.5%US$144.34US$74.35n/a21
Apr ’25US$98.70
US$106.31
+7.7%
12.7%US$132.69US$75.02n/a21
Mar ’25US$91.64
US$106.56
+16.3%
13.5%US$132.97US$75.18n/a22
Feb ’25US$100.70
US$112.00
+11.2%
12.7%US$134.72US$76.17n/a22
Jan ’25US$100.00
US$111.08
+11.1%
12.3%US$129.91US$75.92n/a22
Dec ’24US$91.20
US$108.12
+18.6%
13.5%US$142.53US$73.42n/a23
Nov ’24US$88.40
US$108.12
+22.3%
13.5%US$142.53US$73.42US$81.3623
Oct ’24US$88.71
US$111.91
+26.2%
13.7%US$142.72US$73.52US$89.0024
Sep ’24US$97.99
US$117.79
+20.2%
13.6%US$147.43US$75.94US$89.4025
Aug ’24US$99.12
US$118.95
+20.0%
14.1%US$148.27US$76.38US$89.1825
Jul ’24US$100.84
US$119.97
+19.0%
15.8%US$157.59US$75.58US$95.4622
Jun ’24US$100.76
US$119.19
+18.3%
16.2%US$154.96US$74.32US$98.4022
May ’24US$115.75
US$120.24
+3.9%
16.5%US$159.83US$76.65US$99.6022
Apr ’24US$107.15
US$115.08
+7.4%
14.4%US$141.01US$75.43US$98.7021
Mar ’24US$101.72
US$111.26
+9.4%
14.1%US$137.54US$73.57US$91.6423
Feb ’24US$99.20
US$111.63
+12.5%
13.4%US$138.68US$75.34US$100.7023
Jan ’24US$92.95
US$106.58
+14.7%
13.4%US$127.40US$73.83US$100.0023
Dec ’23US$92.90
US$103.94
+11.9%
12.9%US$124.95US$72.41US$91.2023
Nov ’23US$81.15
US$100.63
+24.0%
13.0%US$119.57US$69.29US$88.4024

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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