HEINEKEN NV (HEIA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:HEIA - NL0000009165 - Common Stock
69.78 EUR
-0.16 (-0.23%)
Taking everything into account, HEIA scores 3 out of 10 in our fundamental rating. HEIA was compared to 29 industry peers in the Beverages industry. While HEIA is still in line with the averages on profitability rating, there are concerns on its financial health. HEIA has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year HEIA was profitable.
HEIA had a positive operating cash flow in the past year.
Of the past 5 years HEIA 4 years were profitable.
Each year in the past 5 years HEIA had a positive operating cash flow.
1.2 Ratios
HEIA has a Return On Assets (3.52%) which is in line with its industry peers.
HEIA has a Return On Equity (10.26%) which is in line with its industry peers.
The Return On Invested Capital of HEIA (7.88%) is better than 68.97% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HEIA is in line with the industry average of 7.95%.
The last Return On Invested Capital (7.88%) for HEIA is above the 3 year average (7.43%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.52% | ||
| ROE | 10.26% | ||
| ROIC | 7.88% |
ROA(3y)3.7%
ROA(5y)3.49%
ROE(3y)10.07%
ROE(5y)9.57%
ROIC(3y)7.43%
ROIC(5y)6.62%
1.3 Margins
HEIA has a worse Profit Margin (6.23%) than 65.52% of its industry peers.
In the last couple of years the Profit Margin of HEIA has declined.
The Operating Margin of HEIA (13.57%) is comparable to the rest of the industry.
HEIA's Operating Margin has declined in the last couple of years.
HEIA has a worse Gross Margin (20.20%) than 93.10% of its industry peers.
HEIA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.57% | ||
| PM (TTM) | 6.23% | ||
| GM | 20.2% |
OM growth 3Y-1.92%
OM growth 5Y-3.32%
PM growth 3Y-40.01%
PM growth 5Y-18.4%
GM growth 3Y-0.45%
GM growth 5Y-1.01%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HEIA is still creating some value.
Compared to 1 year ago, HEIA has about the same amount of shares outstanding.
HEIA has less shares outstanding than it did 5 years ago.
The debt/assets ratio for HEIA has been reduced compared to a year ago.
2.2 Solvency
HEIA has an Altman-Z score of 2.02. This is not the best score and indicates that HEIA is in the grey zone with still only limited risk for bankruptcy at the moment.
HEIA has a Altman-Z score (2.02) which is in line with its industry peers.
HEIA has a debt to FCF ratio of 6.57. This is a slightly negative value and a sign of low solvency as HEIA would need 6.57 years to pay back of all of its debts.
HEIA has a Debt to FCF ratio of 6.57. This is in the better half of the industry: HEIA outperforms 68.97% of its industry peers.
A Debt/Equity ratio of 0.86 indicates that HEIA is somewhat dependend on debt financing.
HEIA's Debt to Equity ratio of 0.86 is in line compared to the rest of the industry. HEIA outperforms 51.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 6.57 | ||
| Altman-Z | 2.02 |
ROIC/WACC1.3
WACC6.05%
2.3 Liquidity
A Current Ratio of 0.75 indicates that HEIA may have some problems paying its short term obligations.
The Current ratio of HEIA (0.75) is worse than 82.76% of its industry peers.
HEIA has a Quick Ratio of 0.75. This is a bad value and indicates that HEIA is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.51, HEIA is not doing good in the industry: 68.97% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.61% over the past year.
HEIA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.21% yearly.
The Revenue has decreased by -4.84% in the past year.
The Revenue has been growing slightly by 4.53% on average over the past years.
EPS 1Y (TTM)0.61%
EPS 3Y11.33%
EPS 5Y2.21%
EPS Q2Q%-3.17%
Revenue 1Y (TTM)-4.84%
Revenue growth 3Y10.88%
Revenue growth 5Y4.53%
Sales Q2Q%-5.04%
3.2 Future
HEIA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.12% yearly.
Based on estimates for the next years, HEIA will show a small growth in Revenue. The Revenue will grow by 3.16% on average per year.
EPS Next Y-2.88%
EPS Next 2Y3.3%
EPS Next 3Y5.16%
EPS Next 5Y6.12%
Revenue Next Year-3.49%
Revenue Next 2Y0.49%
Revenue Next 3Y1.79%
Revenue Next 5Y3.16%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.48 indicates a correct valuation of HEIA.
68.97% of the companies in the same industry are more expensive than HEIA, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of HEIA to the average of the S&P500 Index (26.22), we can say HEIA is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 13.39, the valuation of HEIA can be described as correct.
Based on the Price/Forward Earnings ratio, HEIA is valued a bit cheaper than the industry average as 62.07% of the companies are valued more expensively.
HEIA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.58, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.48 | ||
| Fwd PE | 13.39 |
4.2 Price Multiples
HEIA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HEIA is cheaper than 75.86% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HEIA indicates a somewhat cheap valuation: HEIA is cheaper than 62.07% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.03 | ||
| EV/EBITDA | 8.21 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)6.56
EPS Next 2Y3.3%
EPS Next 3Y5.16%
5. Dividend
5.1 Amount
HEIA has a Yearly Dividend Yield of 2.77%.
HEIA's Dividend Yield is comparable with the industry average which is at 2.83.
Compared to an average S&P500 Dividend Yield of 1.87, HEIA pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.77% |
5.2 History
The dividend of HEIA decreases each year by -0.14%.
Dividend Growth(5Y)-0.14%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
HEIA pays out 72.98% of its income as dividend. This is not a sustainable payout ratio.
DP72.98%
EPS Next 2Y3.3%
EPS Next 3Y5.16%
AMS:HEIA (12/17/2025, 7:00:00 PM)
69.78
-0.16 (-0.23%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners24.45%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap40.19B
Revenue(TTM)29.18B
Net Income(TTM)1.82B
Analysts80.67
Price Target87.77 (25.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.77% |
Yearly Dividend2.12
Dividend Growth(5Y)-0.14%
DP72.98%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.43%
PT rev (3m)-3.03%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.02%
EPS NY rev (3m)-2.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.48 | ||
| Fwd PE | 13.39 | ||
| P/S | 1.38 | ||
| P/FCF | 15.03 | ||
| P/OCF | 7.66 | ||
| P/B | 2.27 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.21 |
EPS(TTM)4.82
EY6.91%
EPS(NY)5.21
Fwd EY7.47%
FCF(TTM)4.64
FCFY6.66%
OCF(TTM)9.11
OCFY13.06%
SpS50.65
BVpS30.75
TBVpS-4.35
PEG (NY)N/A
PEG (5Y)6.56
Graham Number57.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.52% | ||
| ROE | 10.26% | ||
| ROCE | 10.77% | ||
| ROIC | 7.88% | ||
| ROICexc | 8.33% | ||
| ROICexgc | 18.77% | ||
| OM | 13.57% | ||
| PM (TTM) | 6.23% | ||
| GM | 20.2% | ||
| FCFM | 9.17% |
ROA(3y)3.7%
ROA(5y)3.49%
ROE(3y)10.07%
ROE(5y)9.57%
ROIC(3y)7.43%
ROIC(5y)6.62%
ROICexc(3y)7.92%
ROICexc(5y)7.16%
ROICexgc(3y)18.24%
ROICexgc(5y)16.63%
ROCE(3y)10.06%
ROCE(5y)8.96%
ROICexgc growth 3Y2.8%
ROICexgc growth 5Y0.89%
ROICexc growth 3Y5.31%
ROICexc growth 5Y-1.19%
OM growth 3Y-1.92%
OM growth 5Y-3.32%
PM growth 3Y-40.01%
PM growth 5Y-18.4%
GM growth 3Y-0.45%
GM growth 5Y-1.01%
F-Score7
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 6.57 | ||
| Debt/EBITDA | 2.3 | ||
| Cap/Depr | 97.61% | ||
| Cap/Sales | 8.82% | ||
| Interest Coverage | 6.33 | ||
| Cash Conversion | 79.58% | ||
| Profit Quality | 147.22% | ||
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 2.02 |
F-Score7
WACC6.05%
ROIC/WACC1.3
Cap/Depr(3y)95.91%
Cap/Depr(5y)85.26%
Cap/Sales(3y)8.02%
Cap/Sales(5y)7.93%
Profit Quality(3y)159.79%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.61%
EPS 3Y11.33%
EPS 5Y2.21%
EPS Q2Q%-3.17%
EPS Next Y-2.88%
EPS Next 2Y3.3%
EPS Next 3Y5.16%
EPS Next 5Y6.12%
Revenue 1Y (TTM)-4.84%
Revenue growth 3Y10.88%
Revenue growth 5Y4.53%
Sales Q2Q%-5.04%
Revenue Next Year-3.49%
Revenue Next 2Y0.49%
Revenue Next 3Y1.79%
Revenue Next 5Y3.16%
EBIT growth 1Y-3.93%
EBIT growth 3Y8.75%
EBIT growth 5Y1.06%
EBIT Next Year54.46%
EBIT Next 3Y20.32%
EBIT Next 5Y14.06%
FCF growth 1Y195.25%
FCF growth 3Y5.54%
FCF growth 5Y6.32%
OCF growth 1Y56.24%
OCF growth 3Y9.59%
OCF growth 5Y4.88%
HEINEKEN NV / HEIA.AS FAQ
What is the fundamental rating for HEIA stock?
ChartMill assigns a fundamental rating of 3 / 10 to HEIA.AS.
What is the valuation status for HEIA stock?
ChartMill assigns a valuation rating of 4 / 10 to HEINEKEN NV (HEIA.AS). This can be considered as Fairly Valued.
How profitable is HEINEKEN NV (HEIA.AS) stock?
HEINEKEN NV (HEIA.AS) has a profitability rating of 4 / 10.
How financially healthy is HEINEKEN NV?
The financial health rating of HEINEKEN NV (HEIA.AS) is 3 / 10.
What is the expected EPS growth for HEINEKEN NV (HEIA.AS) stock?
The Earnings per Share (EPS) of HEINEKEN NV (HEIA.AS) is expected to decline by -2.88% in the next year.