HEINEKEN NV (HEIA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:HEIA - NL0000009165 - Common Stock
69.52 EUR
+0.2 (+0.29%)
Overall HEIA gets a fundamental rating of 3 out of 10. We evaluated HEIA against 30 industry peers in the Beverages industry. HEIA has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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
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.
HEIA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of HEIA (3.52%) is comparable to the rest of the industry.
The Return On Equity of HEIA (10.26%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 7.88%, HEIA is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HEIA is in line with the industry average of 8.33%.
The 3 year average ROIC (7.43%) for HEIA is below the current ROIC(7.88%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 6.23%, HEIA is doing worse than 65.52% of the companies in the same industry.
HEIA's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 13.57%, HEIA is in line with its industry, outperforming 41.38% of the companies in the same industry.
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 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HEIA is creating some value.
Compared to 1 year ago, HEIA has about the same amount of shares outstanding.
The number of shares outstanding for HEIA has been reduced compared to 5 years ago.
The debt/assets ratio for HEIA has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.01 indicates that HEIA is not a great score, but indicates only limited risk for bankruptcy at the moment.
HEIA has a Altman-Z score (2.01) 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.
Looking at the Debt to FCF ratio, with a value of 6.57, HEIA is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
A Debt/Equity ratio of 0.86 indicates that HEIA is somewhat dependend on debt financing.
HEIA has a Debt to Equity ratio (0.86) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 6.57 | ||
| Altman-Z | 2.01 |
ROIC/WACC1.3
WACC6.05%
2.3 Liquidity
HEIA has a Current 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.
HEIA has a Current ratio of 0.75. This is amonst the worse of the industry: HEIA underperforms 82.76% of its industry peers.
A Quick Ratio of 0.51 indicates that HEIA may have some problems paying its short term obligations.
HEIA has a Quick ratio of 0.51. This is in the lower half of the industry: HEIA underperforms 68.97% 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%.
Measured over the past 5 years, HEIA shows a small growth in Earnings Per Share. The EPS has been growing by 2.21% on average per year.
The Revenue has decreased by -4.84% in the past year.
HEIA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.53% yearly.
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
The Earnings Per Share is expected to grow by 6.12% on average over the next years.
HEIA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.16% yearly.
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
HEIA is valuated correctly with a Price/Earnings ratio of 14.42.
Compared to the rest of the industry, the Price/Earnings ratio of HEIA indicates a somewhat cheap valuation: HEIA is cheaper than 68.97% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.39. HEIA is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 13.36 indicates a correct valuation of HEIA.
62.07% of the companies in the same industry are more expensive than HEIA, based on the Price/Forward Earnings ratio.
HEIA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.42 | ||
| Fwd PE | 13.36 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HEIA is valued a bit cheaper than 75.86% of the companies in the same industry.
62.07% of the companies in the same industry are more expensive than HEIA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.97 | ||
| EV/EBITDA | 8.17 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)6.54
EPS Next 2Y3.19%
EPS Next 3Y5.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.76%, HEIA has a reasonable but not impressive dividend return.
HEIA's Dividend Yield is comparable with the industry average which is at 2.74.
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 | 2.76% |
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 (12/19/2025, 7:00:00 PM)
69.52
+0.2 (+0.29%)
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 Cap40.04B
Revenue(TTM)29.18B
Net Income(TTM)1.82B
Analysts80.67
Price Target87.63 (26.05%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
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)-3.03%
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 | 14.42 | ||
| Fwd PE | 13.36 | ||
| P/S | 1.37 | ||
| P/FCF | 14.97 | ||
| P/OCF | 7.63 | ||
| P/B | 2.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.17 |
EPS(TTM)4.82
EY6.93%
EPS(NY)5.2
Fwd EY7.48%
FCF(TTM)4.64
FCFY6.68%
OCF(TTM)9.11
OCFY13.11%
SpS50.65
BVpS30.75
TBVpS-4.35
PEG (NY)N/A
PEG (5Y)6.54
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
WACC6.05%
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-2.93%
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 Year54.46%
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 -2.93% in the next year.