HEINEKEN NV (HNK1.DE) Fundamental Analysis & Valuation

FRA:HNK1 • NL0000009165

Current stock price

64.7 EUR
-1.98 (-2.97%)
Last:

This HNK1.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. HNK1.DE Profitability Analysis

1.1 Basic Checks

  • HNK1 had positive earnings in the past year.
  • In the past year HNK1 had a positive cash flow from operations.
  • In the past 5 years HNK1 has always been profitable.
  • Each year in the past 5 years HNK1 had a positive operating cash flow.
HNK1.DE Yearly Net Income VS EBIT VS OCF VS FCFHNK1.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B 5B

1.2 Ratios

  • The Return On Assets of HNK1 (3.51%) is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 10.49%, HNK1 is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
  • HNK1 has a Return On Invested Capital of 6.10%. This is comparable to the rest of the industry: HNK1 outperforms 42.86% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for HNK1 is in line with the industry average of 7.41%.
  • The last Return On Invested Capital (6.10%) for HNK1 is above the 3 year average (6.07%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.51%
ROE 10.49%
ROIC 6.1%
ROA(3y)3.17%
ROA(5y)4.29%
ROE(3y)8.99%
ROE(5y)11.97%
ROIC(3y)6.07%
ROIC(5y)5.99%
HNK1.DE Yearly ROA, ROE, ROICHNK1.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • HNK1 has a Profit Margin of 6.56%. This is in the lower half of the industry: HNK1 underperforms 64.29% of its industry peers.
  • HNK1's Profit Margin has declined in the last couple of years.
  • HNK1's Operating Margin of 13.39% is on the low side compared to the rest of the industry. HNK1 is outperformed by 60.71% of its industry peers.
  • In the last couple of years the Operating Margin of HNK1 has grown nicely.
  • HNK1 has a Gross Margin of 20.21%. This is amonst the worse of the industry: HNK1 underperforms 92.86% of its industry peers.
  • HNK1's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 13.39%
PM (TTM) 6.56%
GM 20.21%
OM growth 3Y-3.01%
OM growth 5Y4.62%
PM growth 3Y-11.12%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.02%
HNK1.DE Yearly Profit, Operating, Gross MarginsHNK1.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50

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3

2. HNK1.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HNK1 is still creating some value.
  • HNK1 has less shares outstanding than it did 1 year ago.
  • HNK1 has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for HNK1 is higher compared to a year ago.
HNK1.DE Yearly Shares OutstandingHNK1.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
HNK1.DE Yearly Total Debt VS Total AssetsHNK1.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • HNK1 has an Altman-Z score of 1.94. This is not the best score and indicates that HNK1 is in the grey zone with still only limited risk for bankruptcy at the moment.
  • HNK1's Altman-Z score of 1.94 is in line compared to the rest of the industry. HNK1 outperforms 53.57% of its industry peers.
  • HNK1 has a debt to FCF ratio of 7.39. This is a slightly negative value and a sign of low solvency as HNK1 would need 7.39 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 7.39, HNK1 is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
  • HNK1 has a Debt/Equity ratio of 0.95. This is a neutral value indicating HNK1 is somewhat dependend on debt financing.
  • HNK1 has a Debt to Equity ratio (0.95) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 7.39
Altman-Z 1.94
ROIC/WACC1.07
WACC5.72%
HNK1.DE Yearly LT Debt VS Equity VS FCFHNK1.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 0.93 indicates that HNK1 may have some problems paying its short term obligations.
  • HNK1 has a Current ratio of 0.93. This is in the lower half of the industry: HNK1 underperforms 71.43% of its industry peers.
  • A Quick Ratio of 0.69 indicates that HNK1 may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.69, HNK1 is in line with its industry, outperforming 42.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.93
Quick Ratio 0.69
HNK1.DE Yearly Current Assets VS Current LiabilitesHNK1.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. HNK1.DE Growth Analysis

3.1 Past

  • The earnings per share for HNK1 have decreased by -2.15% in the last year.
  • HNK1 shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.04% yearly.
  • Looking at the last year, HNK1 shows a decrease in Revenue. The Revenue has decreased by -3.58% in the last year.
  • The Revenue has been growing slightly by 7.83% on average over the past years.
EPS 1Y (TTM)-2.15%
EPS 3Y-0.98%
EPS 5Y19.04%
EPS Q2Q%-1.35%
Revenue 1Y (TTM)-3.58%
Revenue growth 3Y0.03%
Revenue growth 5Y7.83%
Sales Q2Q%-2.83%

3.2 Future

  • HNK1 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.65% yearly.
  • Based on estimates for the next years, HNK1 will show a small growth in Revenue. The Revenue will grow by 4.63% on average per year.
EPS Next Y10.1%
EPS Next 2Y9.28%
EPS Next 3Y8.64%
EPS Next 5Y11.65%
Revenue Next Year6.35%
Revenue Next 2Y5.06%
Revenue Next 3Y4.48%
Revenue Next 5Y4.63%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HNK1.DE Yearly Revenue VS EstimatesHNK1.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
HNK1.DE Yearly EPS VS EstimatesHNK1.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8

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5

4. HNK1.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • HNK1 is valuated correctly with a Price/Earnings ratio of 13.54.
  • Based on the Price/Earnings ratio, HNK1 is valued a bit cheaper than the industry average as 67.86% of the companies are valued more expensively.
  • HNK1 is valuated rather cheaply when we compare the Price/Earnings ratio to 26.77, which is the current average of the S&P500 Index.
  • HNK1 is valuated correctly with a Price/Forward Earnings ratio of 12.29.
  • 64.29% of the companies in the same industry are more expensive than HNK1, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of HNK1 to the average of the S&P500 Index (21.75), we can say HNK1 is valued slightly cheaper.
Industry RankSector Rank
PE 13.54
Fwd PE 12.29
HNK1.DE Price Earnings VS Forward Price EarningsHNK1.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HNK1 indicates a rather cheap valuation: HNK1 is cheaper than 82.14% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of HNK1 indicates a somewhat cheap valuation: HNK1 is cheaper than 60.71% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.28
EV/EBITDA 7.87
HNK1.DE Per share dataHNK1.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.34
PEG (5Y)0.71
EPS Next 2Y9.28%
EPS Next 3Y8.64%

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6

5. HNK1.DE Dividend Analysis

5.1 Amount

  • HNK1 has a Yearly Dividend Yield of 2.82%. Purely for dividend investing, there may be better candidates out there.
  • HNK1's Dividend Yield is a higher than the industry average which is at 2.76.
  • HNK1's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.82%

5.2 History

  • The dividend of HNK1 is nicely growing with an annual growth rate of 9.98%!
Dividend Growth(5Y)9.98%
Div Incr Years0
Div Non Decr Years0
HNK1.DE Yearly Dividends per shareHNK1.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2026 0.5 1 1.5

5.3 Sustainability

  • HNK1 pays out 67.69% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of HNK1 is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP67.69%
EPS Next 2Y9.28%
EPS Next 3Y8.64%
HNK1.DE Yearly Income VS Free CF VS DividendHNK1.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B
HNK1.DE Dividend Payout.HNK1.DE Dividend Payout, showing the Payout Ratio.HNK1.DE Dividend Payout.PayoutRetained Earnings

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HNK1.DE Fundamentals: All Metrics, Ratios and Statistics

HEINEKEN NV

FRA:HNK1 (4/29/2026, 7:00:00 PM)

64.7

-1.98 (-2.97%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Industry Strength44.59
Industry Growth31.33
Earnings (Last)04-23
Earnings (Next)07-27
Inst Owners25.74%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap37.27B
Revenue(TTM)28.75B
Net Income(TTM)1.89B
Analysts78.71
Price Target90.69 (40.17%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.82%
Yearly Dividend2.27
Dividend Growth(5Y)9.98%
DP67.69%
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)-0.34%
PT rev (3m)4.79%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.1%
EPS NY rev (3m)2.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)1.48%
Valuation
Industry RankSector Rank
PE 13.54
Fwd PE 12.29
P/S 1.3
P/FCF 14.28
P/OCF 7.44
P/B 2.07
P/tB N/A
EV/EBITDA 7.87
EPS(TTM)4.78
EY7.39%
EPS(NY)5.26
Fwd EY8.13%
FCF(TTM)4.53
FCFY7%
OCF(TTM)8.7
OCFY13.45%
SpS49.92
BVpS31.21
TBVpS-3.53
PEG (NY)1.34
PEG (5Y)0.71
Graham Number57.9382 (-10.45%)
Profitability
Industry RankSector Rank
ROA 3.51%
ROE 10.49%
ROCE 9.67%
ROIC 6.1%
ROICexc 6.91%
ROICexgc 15.55%
OM 13.39%
PM (TTM) 6.56%
GM 20.21%
FCFM 9.08%
ROA(3y)3.17%
ROA(5y)4.29%
ROE(3y)8.99%
ROE(5y)11.97%
ROIC(3y)6.07%
ROIC(5y)5.99%
ROICexc(3y)6.58%
ROICexc(5y)6.49%
ROICexgc(3y)14.91%
ROICexgc(5y)15.08%
ROCE(3y)9.67%
ROCE(5y)9.58%
ROICexgc growth 3Y-3.49%
ROICexgc growth 5Y8.38%
ROICexc growth 3Y-1.96%
ROICexc growth 5Y7.93%
OM growth 3Y-3.01%
OM growth 5Y4.62%
PM growth 3Y-11.12%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.02%
F-Score6
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 7.39
Debt/EBITDA 2.66
Cap/Depr 92.07%
Cap/Sales 8.35%
Interest Coverage 6.2
Cash Conversion 77.59%
Profit Quality 138.46%
Current Ratio 0.93
Quick Ratio 0.69
Altman-Z 1.94
F-Score6
WACC5.72%
ROIC/WACC1.07
Cap/Depr(3y)91.05%
Cap/Depr(5y)92.26%
Cap/Sales(3y)8.47%
Cap/Sales(5y)7.94%
Profit Quality(3y)175.06%
Profit Quality(5y)139.12%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.15%
EPS 3Y-0.98%
EPS 5Y19.04%
EPS Q2Q%-1.35%
EPS Next Y10.1%
EPS Next 2Y9.28%
EPS Next 3Y8.64%
EPS Next 5Y11.65%
Revenue 1Y (TTM)-3.58%
Revenue growth 3Y0.03%
Revenue growth 5Y7.83%
Sales Q2Q%-2.83%
Revenue Next Year6.35%
Revenue Next 2Y5.06%
Revenue Next 3Y4.48%
Revenue Next 5Y4.63%
EBIT growth 1Y0.76%
EBIT growth 3Y-2.98%
EBIT growth 5Y12.81%
EBIT Next Year66.97%
EBIT Next 3Y22.6%
EBIT Next 5Y14.19%
FCF growth 1Y-14.09%
FCF growth 3Y1.65%
FCF growth 5Y11.77%
OCF growth 1Y-8.92%
OCF growth 3Y3.69%
OCF growth 5Y9.83%

HEINEKEN NV / HNK1.DE Fundamental Analysis FAQ

What is the fundamental rating for HNK1 stock?

ChartMill assigns a fundamental rating of 4 / 10 to HNK1.DE.


What is the valuation status of HEINEKEN NV (HNK1.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to HEINEKEN NV (HNK1.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for HEINEKEN NV?

HEINEKEN NV (HNK1.DE) has a profitability rating of 5 / 10.


What is the financial health of HEINEKEN NV (HNK1.DE) stock?

The financial health rating of HEINEKEN NV (HNK1.DE) is 3 / 10.


Is the dividend of HEINEKEN NV sustainable?

The dividend rating of HEINEKEN NV (HNK1.DE) is 6 / 10 and the dividend payout ratio is 67.69%.