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Heineken N.V. (HEIA.AS)

EUR75.72 -0.08 (-0.11%)
NL AMS Consumer Defensive Beverages - Alcoholic
Address Tweede Weteringplantsoen 21 1017 ZD
Amsterdam, NL
CEO Rudolf Gijsbert Servaas van den Brink
Website theheinekencompany.com
IPO 1995-03-29
ISIN NL0000009165

Explore sections of this company profile

Also trades on Deutsche Börse · HNK1.DE (EUR) Euronext Amsterdam · HEIA.AS (EUR) Other OTC · HEINY (USD) Other OTC · HINKF (USD) Swiss Exchange · HEI.SW (CHF)
Description

Heineken N.V. is a prominent beverage company engaged in the worldwide production and sale of a diverse portfolio that includes beers, ciders, soft drinks, and bottled water. Its extensive range of beers features globally recognized labels such as Heineken, Amstel, Desperados, Sol, and Tiger, complemented by craft and local favorites including Birra Moretti, Affligem, Lagunitas, and Mort Subite. For cider enthusiasts, the company provides well-known options like Strongbow Apple Ciders, Orchard Thieves, Follow The Fox, Cidrerie Stassen, Bulmers, Old Mout, and Blind Pig. These beverages are distributed across Europe, the Americas, Africa, the Middle East, Eastern Europe, and the Asia Pacific, reaching consumers through a broad network of retailers and hospitality venues such as bars, pubs, hotels, and restaurants. Established in Amsterdam, the Netherlands, in 1864, Heineken N.V. operates as a subsidiary of Heineken Holding N.V.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR75.72 -0.08 (-0.11%)
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Volume Profile
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Liquidity & share structure
Average Volume
901.8K
Beta
0.56
Float Shares
261.02M
Free Float %
46.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.27% -2.95% +1.39% -14.64% -4.45% -3.84% -14.49% -30.58% -31.31% -20.10% +347.36%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (6 ratings, all time) Buy
Price Targets & DCF
Current price
75.72
DCF (Unlevered) 133.03 +75.7%
DCF (Levered) 96.71 +27.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 64% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 12 0
Hold 9 +2
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.43
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Beverages - Alcoholic: +1.2%
    -3.6% Q4'25: -8.0% (vs Q4'23)
  • ✓
    EPS growth Beverages - Alcoholic: +10.7%
    +93.1% ★ Q4'25: +0.5% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Beverages - Alcoholic: -4.0%
    +9.6% ★ Q4'25: +17.1% (vs Q4'23)
  • ✗
    EBIT margin Beverages - Alcoholic: +13.7%
    +12.7% Q4'25: +12.9% (vs Q4'23)
  • ✗
    ROIC Beverages - Alcoholic: +6.8%
    +7.2% ★ Q4'25: +15.0% (vs Q4'23)
  • ✓
    Share dilution Beverages - Alcoholic: +0.0%
    -0.6% ★ Q4'25: -0.9% (vs Q4'23)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Beverages - Alcoholic: -0.12×
    3.27× Q4'25: 1.62× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.55) × ERP
WACC = 65% × Ke + 35% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 133.03 Current price: 75.72
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2001
actual 		Dec 2002
actual 		Dec 2003
actual 		Dec 2004
actual 		Dec 2005
actual 		Dec 2006
actual 		Dec 2007
actual 		Dec 2008
actual 		Dec 2009
actual 		Dec 2010
actual 		Dec 2011
actual 		Dec 2012
actual 		Dec 2013
actual 		Dec 2014
actual 		Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
20 Rev. Ana.
16 EPS Ana. 		Dec 2027
21 Rev. Ana.
16 EPS Ana. 		Dec 2028
19 Rev. Ana.
10 EPS Ana. 		Dec 2029
10 Rev. Ana.
4 EPS Ana. 		Dec 2030
16 Rev. Ana.
4 EPS Ana.
Revenue
9.16B
est: 8.84B (+3.6%)
10.29B
est: 9.91B (+3.8%)
9.26B
est: 10.04B (-7.8%)
10.01B
est: 10.28B (-2.7%)
10.80B
est: 10.89B (-0.9%)
11.83B
est: 11.97B (-1.2%)
12.56B
est: 12.81B (-1.9%)
14.32B
est: 14.30B (+0.1%)
14.74B
est: 14.92B (-1.2%)
16.13B
est: 16.70B (-3.4%)
17.12B
est: 17.30B (-1.0%)
18.38B
est: 18.49B (-0.6%)
19.20B
est: 19.68B (-2.4%)
19.26B
est: 19.68B (-2.1%)
20.51B
est: 20.44B (+0.3%)
20.79B
est: 20.59B (+1.0%)
21.61B
est: 21.93B (-1.5%)
22.49B
est: 22.53B (-0.2%)
23.97B
est: 23.85B (+0.5%)
19.72B
est: 20.09B (-1.8%)
22.14B
est: 21.58B (+2.6%)
28.72B
est: 28.39B (+1.2%)
30.36B
est: 30.66B (-1.0%)
29.82B
est: 30.03B (-0.7%)
28.75B
est: 28.76B (0.0%)
30.79B
30.17B – 31.30B
+7.0% YoY
31.97B
30.40B – 33.17B
+3.8% YoY
33.13B
33.13B – 33.14B
+3.7% YoY
35.12B
33.89B – 36.07B
+6.0% YoY
37.17B
35.87B – 38.18B
+5.8% YoY
EBITDA
1.60B
est: 1.51B (+6.3%)
1.86B
est: 1.73B (+7.4%)
1.97B
est: 1.65B (+19.4%)
1.93B
est: 1.35B (+42.7%)
2.05B
est: 1.37B (+49.4%)
2.63B
est: 1.92B (+36.7%)
2.12B
est: 2.44B (-13.3%)
2.27B
est: 2.12B (+7.2%)
3.14B
est: 1.12B (+180.0%)
3.70B
est: 2.45B (+50.9%)
3.53B
est: 2.73B (+29.3%)
3.81B
est: 3.06B (+24.5%)
3.90B
est: 5.07B (-23.2%)
4.16B
est: 3.08B (+35.2%)
4.25B
est: 3.59B (+18.6%)
4.47B
est: 4.02B (+11.1%)
4.72B
est: 3.95B (+19.6%)
4.75B
est: 4.03B (+17.9%)
5.54B
est: 4.40B (+25.8%)
2.59B
est: 4.06B (-36.2%)
6.39B
est: 4.62B (+38.3%)
6.41B
est: 4.65B (+37.9%)
5.15B
est: 6.60B (-22.0%)
5.29B
est: 6.57B (-19.5%)
6.25B
est: 6.19B (+0.9%)
6.62B
6.49B – 6.73B
+7.0% YoY
6.88B
6.54B – 7.14B
+3.8% YoY
7.13B
7.13B – 7.13B
+3.7% YoY
7.56B
7.29B – 7.76B
+6.0% YoY
8.00B
7.72B – 8.22B
+5.8% YoY
EBIT
1.17B
est: 1.02B (+14.6%)
1.33B
est: 1.32B (+0.8%)
1.32B
est: 1.30B (+1.9%)
1.28B
est: 1.25B (+2.5%)
1.37B
est: 1.32B (+3.5%)
1.90B
est: 1.37B (+38.0%)
1.48B
est: 1.94B (-24.0%)
1.06B
est: 1.68B (-36.6%)
2.06B
est: 1.23B (+67.1%)
2.58B
est: 1.83B (+41.1%)
2.53B
est: 2.37B (+6.8%)
4.19B
est: 2.36B (+77.4%)
2.48B
est: 3.96B (-37.2%)
2.75B
est: 2.55B (+7.7%)
2.79B
est: 2.93B (-5.0%)
2.99B
est: 3.09B (-3.3%)
3.23B
est: 2.93B (+10.2%)
3.28B
est: 3.44B (-4.7%)
3.65B
est: 3.28B (+11.3%)
685.00M
est: 3.11B (-78.0%)
4.55B
est: 3.54B (+28.5%)
4.41B
est: 3.56B (+23.7%)
2.94B
est: 4.12B (-28.6%)
2.69B
est: 4.03B (-33.4%)
3.64B
est: 3.87B (-5.9%)
4.14B
4.06B – 4.21B
+7.0% YoY
4.30B
4.09B – 4.46B
+3.8% YoY
4.46B
4.46B – 4.46B
+3.7% YoY
4.72B
4.56B – 4.85B
+6.0% YoY
5.00B
4.82B – 5.13B
+5.8% YoY
Net Income
767.00M
est: 688.23M (+11.4%)
857.00M
est: 860.05M (-0.4%)
798.00M
est: 805.06M (-0.9%)
537.00M
est: 408.46M (+31.5%)
761.00M
est: 568.96M (+33.8%)
1.21B
est: 836.65M (+44.7%)
807.00M
est: 1.30B (-38.1%)
209.00M
est: 900.70M (-76.8%)
1.02B
est: 218.06M (+366.8%)
1.44B
est: 1.14B (+25.8%)
1.43B
est: 1.49B (-3.9%)
2.95B
est: 1.52B (+93.4%)
1.36B
est: 3.16B (-56.8%)
1.52B
est: 1.36B (+11.1%)
1.89B
est: 1.60B (+18.4%)
1.54B
est: 1.90B (-19.1%)
1.94B
est: 1.64B (+18.1%)
1.90B
est: 1.99B (-4.4%)
2.17B
est: 2.03B (+6.9%)
-204.00M
est: 1.86B (-110.9%)
3.32B
est: 2.12B (+56.9%)
2.68B
est: 2.57B (+4.2%)
2.30B
est: 1.05B (+118.8%)
978.00M
est: 2.56B (-61.8%)
1.89B
est: 2.58B (-27.0%)
2.99B
2.80B – 3.18B
+15.8% YoY
3.22B
2.94B – 3.51B
+7.8% YoY
3.00B
2.91B – 4.10B
-6.8% YoY
4.01B
3.83B – 4.16B
+33.6% YoY
4.51B
4.31B – 4.67B
+12.5% YoY
SGA
—
est: 2.32B (-100.0%)
1.64B
est: 2.70B (-39.3%)
1.83B
est: 2.89B (-36.5%)
1.96B
est: 2.62B (-25.2%)
2.18B
est: 2.95B (-26.2%)
2.24B
est: 3.37B (-33.5%)
2.17B
est: 3.63B (-40.3%)
2.42B
est: 4.03B (-40.1%)
2.38B
est: 4.35B (-45.3%)
2.68B
est: 4.71B (-43.1%)
—
est: 5.04B (-100.0%)
—
est: 5.65B (-100.0%)
3.37B
est: 5.88B (-42.8%)
3.32B
est: 5.70B (-41.8%)
3.58B
est: 6.00B (-40.4%)
3.57B
est: 6.15B (-42.0%)
3.81B
est: 6.62B (-42.5%)
4.04B
est: 6.27B (-35.5%)
6.05B
est: 6.84B (-11.5%)
5.02B
est: 5.57B (-9.8%)
5.14B
est: 6.32B (-18.7%)
7.15B
est: 6.37B (+12.3%)
4.39B
est: 3.84B (+14.4%)
—
est: 3.82B (-100.0%)
—
est: 3.60B (-100.0%)
3.85B
3.78B – 3.92B
+7.0% YoY
4.00B
3.81B – 4.15B
+3.8% YoY
4.15B
4.15B – 4.15B
+3.7% YoY
4.40B
4.24B – 4.52B
+6.0% YoY
4.65B
4.49B – 4.78B
+5.8% YoY
EPS
1.46
est: 1.50 (-2.5%)
1.62
est: 1.65 (-1.6%)
1.63
est: 1.66 (-2.0%)
1.31
est: 1.41 (-7.3%)
1.55
est: 1.66 (-6.4%)
2.47
est: 1.95 (+26.7%)
1.65
est: 2.36 (-30.1%)
0.43
est: 2.29 (-81.2%)
2.08
est: 2.11 (-1.5%)
2.57
est: 2.52 (+2.1%)
2.44
est: 2.63 (-7.3%)
5.07
est: 2.90 (+74.9%)
2.37
est: 2.82 (-16.0%)
2.64
est: 3.07 (-13.9%)
3.31
est: 3.54 (-6.4%)
2.70
est: 3.66 (-26.2%)
3.39
est: 3.87 (-12.5%)
3.34
est: 4.04 (-17.4%)
3.78
est: 4.35 (-13.2%)
-0.35
est: 1.99 (-117.6%)
5.77
est: 3.36 (+71.8%)
4.66
est: 4.83 (-3.6%)
4.09
est: 1.88 (+117.6%)
1.75
est: 4.62 (-62.1%)
3.39
est: 4.65 (-27.1%)
5.24
5.03 – 5.70
+12.6% YoY
5.63
5.27 – 6.31
+7.4% YoY
6.06
5.22 – 7.36
+7.7% YoY
7.21
6.88 – 7.46
+18.9% YoY
8.10
7.74 – 8.39
+12.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B- 3/5 4/5 3/5 3/5 1/5 2/5 2/5
2026-05-28 B- 3/5 4/5 3/5 3/5 1/5 2/5 2/5
2026-05-27 B- 3/5 4/5 3/5 3/5 1/5 2/5 2/5
2026-05-26 B- 3/5 4/5 3/5 3/5 1/5 2/5 2/5
2026-05-25 B- 3/5 4/5 3/5 3/5 1/5 2/5 2/5
2026-05-22 B- 3/5 4/5 3/5 3/5 1/5 2/5 2/5
2026-05-21 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-20 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-19 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-18 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-15 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-14 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-13 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-12 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-11 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-08 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-07 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-06 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-05 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-04 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-04-30 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-29 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-28 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-27 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-24 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-23 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-22 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-21 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-20 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-17 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-16 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-15 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.07B
OE per share TTM
3.65
Owner's Yield
5.52%
Maintenance CapEx ratio
130.83%
Maint CapEx / Avg PPE
51.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
40.8K
Shares Outstanding
557.55M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Rudolf Gijsbert Servaas van den Brink Chairman of the Executive Board & Chief Executive Officer 4M male
Harold J. van den Broek Chief Financial Officer & Member of Executive Board 2M male
Ernst Willem Arnod Van de Weert Executive Director of Global Legal Affairs — male
Jan Cornelis Van Der Linden President of the Asia Pacific Region — male
Magne Setnes Chief Supply Chain Officer — male
Raoul-Tristan Van Strien Director of Investor Relations — male
Romain Apert Chief Digital & Technology Officer — male
Ronald den Elzen Chief Digital & Technology Officer — male
Wietse Mutters Managing Director of Italy — male
Alexander Koch Managing Director of Vietnam — male
Yolanda Talamo Chief People Officer — female
Christiaan Prins Director of Global Communication — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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