Full history for every metric is available with a Kvantra account
Key financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | €bn | 19.7 | 22.1 | 28.7 | 30.4 | 29.8 | 28.8 | 36.5 | 30.9 |
| Operating profit | €bn | 3.41 | 4.30 | ||||||
| Net profit | €bn | -0.20 | 3.32 | 2.68 | 2.30 | 0.98 | 1.89 | 2.27 | 2.88 |
| EPS reported | € | 3.38 | 4.09 | ||||||
| Operating cashflow per share | € | 9.00 | 10.59 | ||||||
| Capex per share | € | 4.31 | 3.36 | ||||||
| FCF per share | € | 4.69 | 7.24 | ||||||
| Free cash flow | €bn | 2.61 | 3.97 | ||||||
| Net debt | €bn | 14.2 | 17.8 | ||||||
| Book value equity | €bn | 18.0 | 19.1 | ||||||
| Book value per share | € | 32.28 | 34.85 | ||||||
| Number of shares | m | 557.02 | 548.67 | ||||||
| DPS (TTM paid) | € | 1.90 | 1.92 |
Financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 20.63 | - | ||||||
| P/B LTM | x | 2.16 | 2.07 | ||||||
| P/S LTM | x | 1.35 | 1.08 | ||||||
| P/FCF LTM | x | 14.88 | 9.95 | ||||||
| EV/EBITDA LTM | x | 8.72 | 9.61 | ||||||
| EV/Sales LTM | x | 1.90 | 1.57 | ||||||
| Earnings Yield LTM | % | 4.85% | 5.81% | ||||||
| FCF Yield | % | 6.72% | 10.05% | ||||||
| Quality | |||||||||
| ROE | % | 10.49% | 12.22% | ||||||
| ROIC | % | 5.51% | 6.77% | ||||||
| Operating margin | % | 11.85% | 11.79% | ||||||
| Gross margin | % | 35.78% | 25.83% | ||||||
| FCF/Sales | % | 9.08% | 10.87% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +93.14% | +59.77% | ||||||
| Sales Growth YoY | % | -3.58% | +65.27% | ||||||
| Net Income Growth YoY | % | +92.74% | +56.82% | ||||||
| FCF Growth | % | -21.36% | +42.02% | ||||||
| Operating Profit Growth | % | -3.16% | +59.06% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 3.29% | 2.70% | ||||||
| Dividend Growth | % | +2.15% | +0.52% | ||||||
| Payout Ratio | % | 67.77% | 67.69% | ||||||
| FCF/Debt | x | 0.13 | 0.19 | ||||||
| Net Debt/EBITDA | x | 2.53 | 2.99 | ||||||
| EBIT/Net interest | x | 5.29 | 6.23 | ||||||
| Net debt/market cap | % | 36.47% | 45.11% | ||||||
| Net debt/Equity | x | 0.79 | 0.93 | ||||||
| Gross debt/equity | x | 1.14 | 1.08 | ||||||
ETFs that hold Heineken
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) | EXH3.DE | 5 | 4.51% |
Funds with Heineken among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
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.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) | EXH3.DE | 5 | 4.51% |
Funds with Heineken among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
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.
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