HEINEKEN NV (HEIA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:HEIA - NL0000009165 - Common Stock
70.53 EUR
+0.17 (+0.24%)
HEIA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 27 industry peers in the Beverages industry. There are concerns on the financial health of HEIA while its profitability can be described as average. HEIA has a valuation in line with the averages, but it does not seem to be growing.
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.
Each year in the past 5 years HEIA had a positive operating cash flow.
1.2 Ratios
HEIA's Return On Assets of 3.52% is in line compared to the rest of the industry. HEIA outperforms 44.44% of its industry peers.
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.
HEIA has a Return On Invested Capital of 7.88%. This is in the better half of the industry: HEIA outperforms 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HEIA is in line with the industry average of 7.93%.
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
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.
In the last couple of years the Profit Margin of HEIA has declined.
HEIA has a worse Operating Margin (13.57%) than 62.96% of its industry peers.
HEIA's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 20.20%, HEIA is not doing good in the industry: 96.30% of the companies in the same industry are doing better.
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.
The number of shares outstanding for HEIA remains at a similar level compared to 1 year ago.
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 2.02 indicates that HEIA is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.02, HEIA perfoms like the industry average, outperforming 48.15% of the companies in the same industry.
The Debt to FCF ratio of HEIA is 6.57, which is on the high side as it means it would take HEIA, 6.57 years of fcf income to pay off 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 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 | 2.02 |
ROIC/WACC1.3
WACC6.06%
2.3 Liquidity
A Current Ratio of 0.75 indicates that HEIA may have some problems paying its short term obligations.
With a Current ratio value of 0.75, HEIA is not doing good in the industry: 85.19% of the companies in the same industry are doing better.
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
The Earnings Per Share has been growing slightly by 0.61% over the past year.
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.
HEIA shows a decrease in Revenue. In the last year, the revenue decreased by -4.84%.
The Revenue has been growing slightly by 4.53% on average over the past years.
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
The Earnings Per Share is expected to grow by 6.12% on average over the next years.
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-2.86%
EPS Next 2Y3.15%
EPS Next 3Y5.04%
EPS Next 5Y6.12%
Revenue Next Year-3.48%
Revenue Next 2Y0.36%
Revenue Next 3Y1.69%
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.
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 14.63, HEIA is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of HEIA indicates a somewhat cheap valuation: HEIA is cheaper than 62.96% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.11, HEIA is valued a bit cheaper.
The Price/Forward Earnings ratio is 13.57, which indicates a correct valuation of HEIA.
HEIA's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.21, HEIA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.63 | ||
| Fwd PE | 13.57 |
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.
HEIA's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.19 | ||
| EV/EBITDA | 8.25 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)6.63
EPS Next 2Y3.15%
EPS Next 3Y5.04%
5. Dividend
5.1 Amount
HEIA has a Yearly Dividend Yield of 2.74%.
HEIA's Dividend Yield is comparable with the industry average which is at 3.22.
Compared to an average S&P500 Dividend Yield of 2.32, 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 2Y3.15%
EPS Next 3Y5.04%
AMS:HEIA (12/2/2025, 1:21:03 PM)
70.53
+0.17 (+0.24%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners22.94%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap40.63B
Revenue(TTM)29.18B
Net Income(TTM)1.82B
Analysts80
Price Target88.15 (24.98%)
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)-1.66%
PT rev (3m)-3.35%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.49%
EPS NY rev (3m)-2.97%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)-1.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.63 | ||
| Fwd PE | 13.57 | ||
| P/S | 1.39 | ||
| P/FCF | 15.19 | ||
| P/OCF | 7.74 | ||
| P/B | 2.29 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.25 |
EPS(TTM)4.82
EY6.83%
EPS(NY)5.2
Fwd EY7.37%
FCF(TTM)4.64
FCFY6.58%
OCF(TTM)9.11
OCFY12.92%
SpS50.65
BVpS30.75
TBVpS-4.35
PEG (NY)N/A
PEG (5Y)6.63
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 | 2.02 |
F-Score7
WACC6.06%
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-2.86%
EPS Next 2Y3.15%
EPS Next 3Y5.04%
EPS Next 5Y6.12%
Revenue 1Y (TTM)-4.84%
Revenue growth 3Y10.88%
Revenue growth 5Y4.53%
Sales Q2Q%-5.04%
Revenue Next Year-3.48%
Revenue Next 2Y0.36%
Revenue Next 3Y1.69%
Revenue Next 5Y3.16%
EBIT growth 1Y-3.93%
EBIT growth 3Y8.75%
EBIT growth 5Y1.06%
EBIT Next Year55.93%
EBIT Next 3Y19.94%
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 -2.86% in the next year.