HEINEKEN NV (HEIA.AS) Stock Fundamental Analysis
Europe - AMS:HEIA - NL0000009165 - Common Stock
69.8 EUR
+0.78 (+1.13%)
HEIA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 27 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 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
HEIA had positive earnings in the past year.
In the past year HEIA had a positive cash flow from operations.
Of the past 5 years HEIA 4 years were profitable.
HEIA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HEIA has a Return On Assets (3.52%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 10.26%, HEIA is in the better half of the industry, outperforming 62.96% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.88%, HEIA is in the better half of the industry, outperforming 74.07% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HEIA is in line with the industry average of 7.77%.
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 Profit Margin (6.23%) which is in line with its industry peers.
HEIA's Profit Margin has declined in the last couple of years.
HEIA has a Operating Margin (13.57%) which is in line with its industry peers.
In the last couple of years the Operating Margin of HEIA has declined.
HEIA has a worse Gross Margin (20.20%) than 92.59% of its industry peers.
In the last couple of years the Gross Margin of HEIA has remained more or less at the same level.
| 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
HEIA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
HEIA has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, HEIA has less shares outstanding
Compared to 1 year ago, HEIA has an improved debt to assets ratio.
2.2 Solvency
HEIA has an Altman-Z score of 2.01. 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.
With a Altman-Z score value of 2.01, HEIA perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
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 better Debt to FCF ratio (6.57) than 66.67% of its industry peers.
A Debt/Equity ratio of 0.86 indicates that HEIA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.86, HEIA is in line with its industry, outperforming 51.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 6.57 | ||
| Altman-Z | 2.01 |
ROIC/WACC1.29
WACC6.11%
2.3 Liquidity
A Current Ratio of 0.75 indicates that HEIA may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.75, HEIA is doing worse than 85.19% of the companies in the same industry.
A Quick Ratio of 0.51 indicates that HEIA may have some problems paying its short term obligations.
HEIA has a worse Quick ratio (0.51) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
HEIA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.61%.
The Earnings Per Share has been growing slightly by 2.21% on average over the past years.
Looking at the last year, HEIA shows a decrease in Revenue. The Revenue has decreased by -4.84% in the last year.
Measured over the past years, HEIA shows a small growth in Revenue. The Revenue has been growing by 4.53% on average per year.
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 4.73% yearly.
Based on estimates for the next years, HEIA will show a small growth in Revenue. The Revenue will grow by 2.35% on average per year.
EPS Next Y-0.38%
EPS Next 2Y3.8%
EPS Next 3Y5.3%
EPS Next 5Y4.73%
Revenue Next Year-3.17%
Revenue Next 2Y0.29%
Revenue Next 3Y1.61%
Revenue Next 5Y2.35%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.48 indicates a correct valuation of HEIA.
Compared to the rest of the industry, the Price/Earnings ratio of HEIA indicates a somewhat cheap valuation: HEIA is cheaper than 70.37% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of HEIA to the average of the S&P500 Index (25.83), we can say HEIA is valued slightly cheaper.
With a Price/Forward Earnings ratio of 13.26, HEIA is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HEIA is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 32.68. HEIA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.48 | ||
| Fwd PE | 13.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HEIA is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, HEIA is valued a bit cheaper than the industry average as 62.96% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.03 | ||
| EV/EBITDA | 8.13 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)6.56
EPS Next 2Y3.8%
EPS Next 3Y5.3%
5. Dividend
5.1 Amount
HEIA has a Yearly Dividend Yield of 2.85%. Purely for dividend investing, there may be better candidates out there.
HEIA's Dividend Yield is comparable with the industry average which is at 2.81.
Compared to an average S&P500 Dividend Yield of 2.39, HEIA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
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 2Y3.8%
EPS Next 3Y5.3%
AMS:HEIA (11/7/2025, 7:00:00 PM)
69.8
+0.78 (+1.13%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners22.94%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap40.20B
Revenue(TTM)29.18B
Net Income(TTM)1.82B
Analysts80
Price Target88.15 (26.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
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)-2.61%
PT rev (3m)-3.71%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.69%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.48 | ||
| Fwd PE | 13.26 | ||
| P/S | 1.38 | ||
| P/FCF | 15.03 | ||
| P/OCF | 7.66 | ||
| P/B | 2.27 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.13 |
EPS(TTM)4.82
EY6.91%
EPS(NY)5.26
Fwd EY7.54%
FCF(TTM)4.64
FCFY6.65%
OCF(TTM)9.11
OCFY13.05%
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 | 2.01 |
F-Score7
WACC6.11%
ROIC/WACC1.29
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-0.38%
EPS Next 2Y3.8%
EPS Next 3Y5.3%
EPS Next 5Y4.73%
Revenue 1Y (TTM)-4.84%
Revenue growth 3Y10.88%
Revenue growth 5Y4.53%
Sales Q2Q%-5.04%
Revenue Next Year-3.17%
Revenue Next 2Y0.29%
Revenue Next 3Y1.61%
Revenue Next 5Y2.35%
EBIT growth 1Y-3.93%
EBIT growth 3Y8.75%
EBIT growth 5Y1.06%
EBIT Next Year55.93%
EBIT Next 3Y19.94%
EBIT Next 5Y14.36%
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 4 / 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 5 / 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 -0.38% in the next year.