HEINEKEN NV (HEIA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:HEIA - NL0000009165 - Common Stock
68.6 EUR
+0.32 (+0.47%)
Taking everything into account, HEIA scores 3 out of 10 in our fundamental rating. HEIA was compared to 26 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 on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
HEIA had positive earnings in the past year.
HEIA had a positive operating cash flow in the past year.
HEIA had positive earnings in 4 of the past 5 years.
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 comparable to the rest of the industry.
HEIA has a Return On Equity (10.26%) which is comparable to the rest of the industry.
With a decent Return On Invested Capital value of 7.88%, HEIA is doing good in the industry, outperforming 66.67% 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 7.67%.
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
The Profit Margin of HEIA (6.23%) is worse than 70.00% of its industry peers.
HEIA's Profit Margin has declined in the last couple of years.
The Operating Margin of HEIA (13.57%) is worse than 63.33% of its industry peers.
HEIA's Operating Margin has declined in the last couple of years.
HEIA's Gross Margin of 20.20% is on the low side compared to the rest of the industry. HEIA is outperformed by 96.67% 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
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.
Compared to 5 years ago, HEIA has less shares outstanding
HEIA has a better debt/assets ratio than last year.
2.2 Solvency
HEIA has an Altman-Z score of 2.00. 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 (2.00) which is comparable to the rest of the 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.
With a Debt to FCF ratio value of 6.57, HEIA perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
HEIA has a Debt/Equity ratio of 0.86. This is a neutral value indicating 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 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 6.57 | ||
| Altman-Z | 2 |
ROIC/WACC1.31
WACC6.03%
2.3 Liquidity
A Current Ratio of 0.75 indicates that HEIA may have some problems paying its short term obligations.
HEIA has a Current ratio of 0.75. This is amonst the worse of the industry: HEIA underperforms 83.33% 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.
The Quick ratio of HEIA (0.51) is worse than 70.00% of its industry peers.
| 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.
The Earnings Per Share has been growing slightly by 2.21% on average over the past years.
HEIA shows a decrease in Revenue. In the last year, the revenue decreased by -4.84%.
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%-20.43%
3.2 Future
Based on estimates for the next years, HEIA will show a small growth in Earnings Per Share. The EPS will grow by 6.12% on average per year.
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-2.93%
EPS Next 2Y3.19%
EPS Next 3Y5.05%
EPS Next 5Y6.12%
Revenue Next Year-3.53%
Revenue Next 2Y0.38%
Revenue Next 3Y1.69%
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.
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
With a Price/Earnings ratio of 14.23, HEIA is valued correctly.
HEIA's Price/Earnings ratio is a bit cheaper when compared to the industry. HEIA is cheaper than 66.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.92. HEIA is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 13.19, which indicates a correct valuation of HEIA.
HEIA's Price/Forward Earnings is on the same level as the industry average.
HEIA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.23 | ||
| Fwd PE | 13.19 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HEIA is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as HEIA.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.77 | ||
| EV/EBITDA | 8.09 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)6.45
EPS Next 2Y3.19%
EPS Next 3Y5.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.78%, HEIA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.92, HEIA has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, HEIA pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.78% |
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 2Y3.19%
EPS Next 3Y5.05%
AMS:HEIA (12/24/2025, 7:00:00 PM)
68.6
+0.32 (+0.47%)
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 Cap39.51B
Revenue(TTM)29.18B
Net Income(TTM)1.82B
Analysts80.67
Price Target87.63 (27.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.78% |
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)-0.6%
PT rev (3m)-3.19%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.07%
EPS NY rev (3m)-2.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-1.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.23 | ||
| Fwd PE | 13.19 | ||
| P/S | 1.35 | ||
| P/FCF | 14.77 | ||
| P/OCF | 7.53 | ||
| P/B | 2.23 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.09 |
EPS(TTM)4.82
EY7.03%
EPS(NY)5.2
Fwd EY7.58%
FCF(TTM)4.64
FCFY6.77%
OCF(TTM)9.11
OCFY13.28%
SpS50.65
BVpS30.75
TBVpS-4.35
PEG (NY)N/A
PEG (5Y)6.45
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 |
F-Score7
WACC6.03%
ROIC/WACC1.31
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-2.93%
EPS Next 2Y3.19%
EPS Next 3Y5.05%
EPS Next 5Y6.12%
Revenue 1Y (TTM)-4.84%
Revenue growth 3Y10.88%
Revenue growth 5Y4.53%
Sales Q2Q%-20.43%
Revenue Next Year-3.53%
Revenue Next 2Y0.38%
Revenue Next 3Y1.69%
Revenue Next 5Y3.16%
EBIT growth 1Y-3.93%
EBIT growth 3Y8.75%
EBIT growth 5Y1.06%
EBIT Next Year54.53%
EBIT Next 3Y20.18%
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 -2.93% in the next year.