HEINEKEN NV (HEIA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:HEIA - NL0000009165 - Common Stock
69.36 EUR
-0.4 (-0.57%)
We assign a fundamental rating of 3 out of 10 to HEIA. HEIA was compared to 29 industry peers in the Beverages industry. HEIA has a medium profitability rating, but doesn't score so well on its financial health evaluation. HEIA is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year HEIA was profitable.
In the past year HEIA had a positive cash flow from operations.
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 comparable to the rest of the industry.
With a Return On Equity value of 10.26%, HEIA perfoms like the industry average, outperforming 51.85% 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 66.67% of the companies in the same industry.
HEIA had an Average Return On Invested Capital over the past 3 years of 7.43%. This is in line with the industry average of 7.74%.
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's Profit Margin of 6.23% is on the low side compared to the rest of the industry. HEIA is outperformed by 70.37% of its industry peers.
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 doing worse than 62.96% of the companies in the same industry.
In the last couple of years the Operating Margin of HEIA has declined.
HEIA's Gross Margin of 20.20% is on the low side compared to the rest of the industry. HEIA is outperformed by 96.30% 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.
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
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.
Looking at the Altman-Z score, with a value of 2.01, HEIA is in line with its industry, 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.
With a decent Debt to FCF ratio value of 6.57, HEIA is doing good in the industry, outperforming 62.96% 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.
HEIA has a Debt to Equity ratio of 0.86. This is comparable to the rest of the industry: HEIA outperforms 51.85% of 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 85.19% 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: 70.37% 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
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.
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 6.12% yearly.
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-2.88%
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 14.39, HEIA is valued correctly.
62.96% of the companies in the same industry are more expensive than HEIA, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.49. HEIA is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 13.31, 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 23.69. HEIA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.39 | ||
| Fwd PE | 13.31 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HEIA indicates a somewhat cheap valuation: HEIA is cheaper than 74.07% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HEIA is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.94 | ||
| EV/EBITDA | 8.16 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)6.52
EPS Next 2Y3.3%
EPS Next 3Y5.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.74%, HEIA has a reasonable but not impressive dividend return.
HEIA's Dividend Yield is comparable with the industry average which is at 3.08.
Compared to an average S&P500 Dividend Yield of 2.31, HEIA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
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 (12/5/2025, 7:00:00 PM)
69.36
-0.4 (-0.57%)
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 Cap39.95B
Revenue(TTM)29.18B
Net Income(TTM)1.82B
Analysts80.67
Price Target87.77 (26.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
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)-3.77%
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)-1.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.39 | ||
| Fwd PE | 13.31 | ||
| P/S | 1.37 | ||
| P/FCF | 14.94 | ||
| P/OCF | 7.61 | ||
| P/B | 2.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.16 |
EPS(TTM)4.82
EY6.95%
EPS(NY)5.21
Fwd EY7.52%
FCF(TTM)4.64
FCFY6.7%
OCF(TTM)9.11
OCFY13.14%
SpS50.65
BVpS30.75
TBVpS-4.35
PEG (NY)N/A
PEG (5Y)6.52
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-2.88%
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.