HEINEKEN NV (HEIA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:HEIA - NL0000009165 - Common Stock
68.98 EUR
-0.52 (-0.75%)
Overall HEIA gets a fundamental rating of 3 out of 10. We evaluated HEIA 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 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.
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 51.85% of its industry peers.
HEIA has a Return On Equity of 10.26%. This is comparable to the rest of the industry: HEIA outperforms 59.26% of its industry peers.
With a decent Return On Invested Capital value of 7.88%, HEIA is doing good in the industry, outperforming 74.07% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HEIA is in line with the industry average of 7.71%.
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 62.96% of its industry peers.
HEIA's Profit Margin has declined in the last couple of years.
HEIA's Operating Margin of 13.57% is in line compared to the rest of the industry. HEIA outperforms 44.44% of its industry peers.
HEIA's Operating Margin has declined in the last couple of years.
The Gross Margin of HEIA (20.20%) is worse than 88.89% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HEIA is still creating some value.
HEIA has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for HEIA has been reduced compared to 5 years ago.
Compared to 1 year ago, HEIA has an improved debt to assets ratio.
2.2 Solvency
HEIA has an Altman-Z score of 2.01. This is not the best score and indicates that HEIA is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.01, HEIA perfoms like the industry average, outperforming 51.85% 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.
With a decent Debt to FCF ratio value of 6.57, HEIA is doing good in the industry, outperforming 70.37% 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.
The Debt to Equity ratio of HEIA (0.86) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 6.57 | ||
| Altman-Z | 2.01 |
ROIC/WACC1.31
WACC6.04%
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.
With a Current ratio value of 0.75, HEIA is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
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 62.96% of its industry peers.
| 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%.
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%-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-2.86%
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
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
The Price/Earnings ratio is 14.31, which indicates a correct valuation of HEIA.
Based on the Price/Earnings ratio, HEIA is valued a bit cheaper than 74.07% of the companies in the same industry.
HEIA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.15.
With a Price/Forward Earnings ratio of 13.27, HEIA is valued correctly.
The rest of the industry has a similar Price/Forward Earnings ratio as HEIA.
HEIA is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 13.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HEIA is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
HEIA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HEIA is cheaper than 62.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.85 | ||
| EV/EBITDA | 8.17 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)6.49
EPS Next 2Y3.15%
EPS Next 3Y5.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.77%, HEIA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.07, HEIA has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, HEIA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.77% |
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
72.98% of the earnings are spent on dividend by HEIA. This is not a sustainable payout ratio.
DP72.98%
EPS Next 2Y3.15%
EPS Next 3Y5.04%
AMS:HEIA (11/26/2025, 7:00:00 PM)
68.98
-0.52 (-0.75%)
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 Cap39.73B
Revenue(TTM)29.18B
Net Income(TTM)1.82B
Analysts80
Price Target88.15 (27.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.77% |
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)-6.1%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)-1.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 13.27 | ||
| P/S | 1.36 | ||
| P/FCF | 14.85 | ||
| P/OCF | 7.57 | ||
| P/B | 2.24 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.17 |
EPS(TTM)4.82
EY6.99%
EPS(NY)5.2
Fwd EY7.53%
FCF(TTM)4.64
FCFY6.73%
OCF(TTM)9.11
OCFY13.21%
SpS50.65
BVpS30.75
TBVpS-4.35
PEG (NY)N/A
PEG (5Y)6.49
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
WACC6.04%
ROIC/WACC1.31
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.