HEINEKEN HOLDING NV (HEIO.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:HEIO - NL0000008977 - Common Stock
61.15 EUR
-0.4 (-0.65%)
Overall HEIO gets a fundamental rating of 3 out of 10. We evaluated HEIO against 30 industry peers in the Beverages industry. HEIO may be in some trouble as it scores bad on both profitability and health. HEIO is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- HEIO had positive earnings in the past year.
- HEIO had a positive operating cash flow in the past year.
- HEIO had positive earnings in 4 of the past 5 years.
- HEIO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of HEIO (1.80%) is worse than 76.67% of its industry peers.
- The Return On Equity of HEIO (10.82%) is better than 70.00% of its industry peers.
- With a Return On Invested Capital value of 6.70%, HEIO perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
- HEIO had an Average Return On Invested Capital over the past 3 years of 7.38%. This is in line with the industry average of 8.18%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 10.82% | ||
| ROIC | 6.7% |
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 (3.18%) than 73.33% of its industry peers.
- HEIO's Profit Margin has declined in the last couple of years.
- HEIO's Operating Margin of 11.42% is on the low side compared to the rest of the industry. HEIO is outperformed by 66.67% of its industry peers.
- HEIO's Operating Margin has declined in the last couple of years.
- The Gross Margin of HEIO (35.12%) is worse than 83.33% of its industry peers.
- In the last couple of years the Gross Margin of HEIO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.42% | ||
| PM (TTM) | 3.18% | ||
| GM | 35.12% |
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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HEIO is still creating some value.
- The number of shares outstanding for HEIO remains at a similar level compared to 1 year ago.
- The number of shares outstanding for HEIO has been reduced compared to 5 years ago.
- HEIO has a better debt/assets ratio than last year.
2.2 Solvency
- HEIO has an Altman-Z score of 1.22. This is a bad value and indicates that HEIO is not financially healthy and even has some risk of bankruptcy.
- HEIO's Altman-Z score of 1.22 is on the low side compared to the rest of the industry. HEIO is outperformed by 86.67% of its industry peers.
- The Debt to FCF ratio of HEIO is 6.57, which is on the high side as it means it would take HEIO, 6.57 years of fcf income to pay off all of its debts.
- HEIO has a Debt to FCF ratio (6.57) which is in line with its industry peers.
- HEIO has a Debt/Equity ratio of 1.75. This is a high value indicating a heavy dependency on external financing.
- HEIO's Debt to Equity ratio of 1.75 is on the low side compared to the rest of the industry. HEIO is outperformed by 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.75 | ||
| Debt/FCF | 6.57 | ||
| Altman-Z | 1.22 |
ROIC/WACC1.3
WACC5.17%
2.3 Liquidity
- HEIO has a Current Ratio of 0.75. This is a bad value and indicates that HEIO is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.75, HEIO is doing worse than 73.33% of the companies in the same industry.
- A Quick Ratio of 0.51 indicates that HEIO may have some problems paying its short term obligations.
- With a Quick ratio value of 0.51, HEIO is not doing good in the industry: 60.00% 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
- The Earnings Per Share has grown by an impressive 72.64% over the past year.
- 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.
- Looking at the last year, HEIO shows a decrease in Revenue. The Revenue has decreased by -4.96% in the last year.
- HEIO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.40% yearly.
EPS 1Y (TTM)72.64%
EPS 3Y-32.69%
EPS 5Y-14.14%
EPS Q2Q%892.99%
Revenue 1Y (TTM)-4.96%
Revenue growth 3Y10.66%
Revenue growth 5Y4.4%
Sales Q2Q%-4.34%
3.2 Future
- HEIO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.98% yearly.
- HEIO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.55% yearly.
EPS Next Y5.79%
EPS Next 2Y23.84%
EPS Next 3Y43.18%
EPS Next 5Y19.98%
Revenue Next Year1.62%
Revenue Next 2Y6.88%
Revenue Next 3Y6.46%
Revenue Next 5Y1.55%
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
- The Price/Earnings ratio is 18.64, which indicates a rather expensive current valuation of HEIO.
- The rest of the industry has a similar Price/Earnings ratio as HEIO.
- The average S&P500 Price/Earnings ratio is at 27.21. HEIO is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 11.92, which indicates a very decent valuation of HEIO.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HEIO indicates a somewhat cheap valuation: HEIO is cheaper than 80.00% of the companies listed in the same industry.
- HEIO is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.64 | ||
| Fwd PE | 11.92 |
4.2 Price Multiples
- 93.33% of the companies in the same industry are more expensive than HEIO, based on the Enterprise Value to EBITDA ratio.
- 83.33% of the companies in the same industry are more expensive than HEIO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.58 | ||
| EV/EBITDA | 5.33 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive 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)3.22
PEG (5Y)N/A
EPS Next 2Y23.84%
EPS Next 3Y43.18%
5. Dividend
5.1 Amount
- HEIO has a Yearly Dividend Yield of 3.10%.
- Compared to an average industry Dividend Yield of 2.61, HEIO pays a bit more dividend than its industry peers.
- HEIO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
5.2 History
- The dividend of HEIO decreases each year by -0.04%.
Dividend Growth(5Y)-0.04%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 143.20% of the earnings are spent on dividend by HEIO. This is not a sustainable payout ratio.
DP143.2%
EPS Next 2Y23.84%
EPS Next 3Y43.18%
HEINEKEN HOLDING NV / HEIO.AS FAQ
What is the fundamental rating for HEIO stock?
ChartMill assigns a fundamental rating of 3 / 10 to HEIO.AS.
What is the valuation status of HEINEKEN HOLDING NV (HEIO.AS) stock?
ChartMill assigns a valuation rating of 6 / 10 to HEINEKEN HOLDING NV (HEIO.AS). This can be considered as Fairly Valued.
Can you provide the profitability details for HEINEKEN HOLDING NV?
HEINEKEN HOLDING NV (HEIO.AS) has a profitability rating of 3 / 10.
Can you provide the financial health for HEIO stock?
The financial health rating of HEINEKEN HOLDING NV (HEIO.AS) is 2 / 10.
How sustainable is the dividend of HEINEKEN HOLDING NV (HEIO.AS) stock?
The dividend rating of HEINEKEN HOLDING NV (HEIO.AS) is 3 / 10 and the dividend payout ratio is 143.2%.