HEINEKEN HOLDING NV (HEIO.AS) Stock Fundamental Analysis
AMS:HEIO - Euronext Amsterdam - NL0000008977 - Common Stock - Currency: EUR
HEIO gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 24 industry peers in the Beverages industry. HEIO may be in some trouble as it scores bad on both profitability and health. HEIO 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 HEIO was profitable.
HEIO had a positive operating cash flow in the past year.
Of the past 5 years HEIO 4 years were profitable.
HEIO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.93%, HEIO is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
HEIO's Return On Equity of 5.22% is on the low side compared to the rest of the industry. HEIO is outperformed by 62.50% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.51%, HEIO is in line with its industry, outperforming 45.83% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HEIO is in line with the industry average of 8.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.93% | ||
| ROE | 5.22% | ||
| ROIC | 6.51% |
ROA(3y)1.88%
ROA(5y)1.76%
ROE(3y)10.38%
ROE(5y)9.79%
ROIC(3y)7.38%
ROIC(5y)6.52%
1.3 Margins
HEIO has a worse Profit Margin (1.67%) than 79.17% of its industry peers.
HEIO's Profit Margin has declined in the last couple of years.
The Operating Margin of HEIO (11.54%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of HEIO has declined.
HEIO has a Gross Margin of 35.05%. This is amonst the worse of the industry: HEIO underperforms 83.33% of its industry peers.
HEIO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.54% | ||
| PM (TTM) | 1.67% | ||
| GM | 35.05% |
OM growth 3Y-4.64%
OM growth 5Y-3.09%
PM growth 3Y-39.54%
PM growth 5Y-18.06%
GM growth 3Y-0.99%
GM growth 5Y-1.07%
2. Health
2.1 Basic Checks
HEIO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for HEIO remains at a similar level compared to 1 year ago.
Compared to 5 years ago, HEIO has less shares outstanding
HEIO has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.23, we must say that HEIO is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.23, HEIO is doing worse than 79.17% of the companies in the same industry.
HEIO has a debt to FCF ratio of 5.61. This is a neutral value as HEIO would need 5.61 years to pay back of all of its debts.
HEIO's Debt to FCF ratio of 5.61 is amongst the best of the industry. HEIO outperforms 83.33% of its industry peers.
A Debt/Equity ratio of 1.56 is on the high side and indicates that HEIO has dependencies on debt financing.
With a Debt to Equity ratio value of 1.56, HEIO is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 5.61 | ||
| Altman-Z | 1.23 |
ROIC/WACC1.22
WACC5.35%
2.3 Liquidity
HEIO has a Current Ratio of 0.77. This is a bad value and indicates that HEIO is not financially healthy enough and could expect problems in meeting its short term obligations.
HEIO's Current ratio of 0.77 is on the low side compared to the rest of the industry. HEIO is outperformed by 79.17% of its industry peers.
HEIO has a Quick Ratio of 0.77. This is a bad value and indicates that HEIO is not financially healthy enough and could expect problems in meeting its short term obligations.
HEIO's Quick ratio of 0.51 is in line compared to the rest of the industry. HEIO outperforms 41.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
HEIO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -57.42%.
Measured over the past years, HEIO shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.14% on average per year.
The Revenue has decreased by -1.89% in the past year.
The Revenue has been growing slightly by 4.40% on average over the past years.
EPS 1Y (TTM)-57.42%
EPS 3Y-32.69%
EPS 5Y-14.14%
EPS Q2Q%-6.63%
Revenue 1Y (TTM)-1.89%
Revenue growth 3Y10.66%
Revenue growth 5Y4.4%
Sales Q2Q%-5.53%
3.2 Future
The Earnings Per Share is expected to grow by 22.28% on average over the next years. This is a very strong growth
HEIO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.92% yearly.
EPS Next Y46.65%
EPS Next 2Y61.18%
EPS Next 3Y43.18%
EPS Next 5Y22.28%
Revenue Next Year1.62%
Revenue Next 2Y6.88%
Revenue Next 3Y6.46%
Revenue Next 5Y1.92%
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 38.21 indicates a quite expensive valuation of HEIO.
HEIO's Price/Earnings ratio is rather expensive when compared to the industry. HEIO is more expensive than 83.33% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.64, HEIO is valued a bit more expensive.
The Price/Forward Earnings ratio is 13.71, which indicates a correct valuation of HEIO.
Based on the Price/Forward Earnings ratio, HEIO is valued a bit cheaper than 66.67% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.44. HEIO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.21 | ||
| Fwd PE | 13.71 |
4.2 Price Multiples
HEIO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. HEIO is cheaper than 91.67% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HEIO indicates a rather cheap valuation: HEIO is cheaper than 91.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.38 | ||
| EV/EBITDA | 5.47 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
HEIO's earnings are expected to grow with 43.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)N/A
EPS Next 2Y61.18%
EPS Next 3Y43.18%
5. Dividend
5.1 Amount
HEIO has a Yearly Dividend Yield of 2.74%.
HEIO's Dividend Yield is a higher than the industry average which is at 2.80.
HEIO's Dividend Yield is comparable with the S&P500 average which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
5.2 History
The dividend of HEIO decreases each year by -0.04%.
Dividend Growth(5Y)-0.04%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
HEIO pays out 240.76% of its income as dividend. This is not a sustainable payout ratio.
DP240.76%
EPS Next 2Y61.18%
EPS Next 3Y43.18%
AMS:HEIO (4/24/2025, 5:36:15 PM)
67.25
-0.15 (-0.22%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners25.77%
Inst Owner ChangeN/A
Ins Owners2.35%
Ins Owner ChangeN/A
Market Cap19.37B
Analysts82.5
Price Target95.88 (42.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
Yearly Dividend4.24
Dividend Growth(5Y)-0.04%
DP240.76%
Div Incr Years2
Div Non Decr Years2
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)-0.53%
PT rev (3m)-0.53%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.21 | ||
| Fwd PE | 13.71 | ||
| P/S | 0.65 | ||
| P/FCF | 6.38 | ||
| P/OCF | 3.52 | ||
| P/B | 2.03 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.47 |
EPS(TTM)1.76
EY2.62%
EPS(NY)4.91
Fwd EY7.3%
FCF(TTM)10.55
FCFY15.68%
OCF(TTM)19.11
OCFY28.41%
SpS103.23
BVpS33.14
TBVpS-42.2
PEG (NY)0.82
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.93% | ||
| ROE | 5.22% | ||
| ROCE | 8.74% | ||
| ROIC | 6.51% | ||
| ROICexc | 6.91% | ||
| ROICexgc | 16.13% | ||
| OM | 11.54% | ||
| PM (TTM) | 1.67% | ||
| GM | 35.05% | ||
| FCFM | 10.22% |
ROA(3y)1.88%
ROA(5y)1.76%
ROE(3y)10.38%
ROE(5y)9.79%
ROIC(3y)7.38%
ROIC(5y)6.52%
ROICexc(3y)7.86%
ROICexc(5y)7.05%
ROICexgc(3y)18.25%
ROICexgc(5y)16.48%
ROCE(3y)9.99%
ROCE(5y)8.83%
ROICexcg growth 3Y0.36%
ROICexcg growth 5Y1.38%
ROICexc growth 3Y2.47%
ROICexc growth 5Y-0.92%
OM growth 3Y-4.64%
OM growth 5Y-3.09%
PM growth 3Y-39.54%
PM growth 5Y-18.06%
GM growth 3Y-0.99%
GM growth 5Y-1.07%
F-Score6
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 5.61 | ||
| Debt/EBITDA | 2.46 | ||
| Cap/Depr | 94.63% | ||
| Cap/Sales | 8.29% | ||
| Interest Coverage | 5.13 | ||
| Cash Conversion | 91.18% | ||
| Profit Quality | 610.04% | ||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 1.23 |
F-Score6
WACC5.35%
ROIC/WACC1.22
Cap/Depr(3y)95.91%
Cap/Depr(5y)85.26%
Cap/Sales(3y)8.04%
Cap/Sales(5y)7.94%
Profit Quality(3y)314.8%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-57.42%
EPS 3Y-32.69%
EPS 5Y-14.14%
EPS Q2Q%-6.63%
EPS Next Y46.65%
EPS Next 2Y61.18%
EPS Next 3Y43.18%
EPS Next 5Y22.28%
Revenue 1Y (TTM)-1.89%
Revenue growth 3Y10.66%
Revenue growth 5Y4.4%
Sales Q2Q%-5.53%
Revenue Next Year1.62%
Revenue Next 2Y6.88%
Revenue Next 3Y6.46%
Revenue Next 5Y1.92%
EBIT growth 1Y8.07%
EBIT growth 3Y5.53%
EBIT growth 5Y1.18%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y73.3%
FCF growth 3Y5.54%
FCF growth 5Y6.32%
OCF growth 1Y24.22%
OCF growth 3Y9.59%
OCF growth 5Y4.88%