Heineken Holding N.V. HKHHY

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42.14 USD +0.50 +1.20%

At close · Oct 30

42.23 Day range 42.29
33.87 52-week range 43.31
YTD
+12.52%
1 year
+23.04%
Open
42.25
Prev close
41.64
Mkt cap
23.04B
Vol
2.25K
Avg vol
17.69K
EPS
2.39
P/E
17.63
More statistics
Low
42.23
High
42.29

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Financial health

Altman Z-Score

1.21 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

6 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B+3 / 5 overall

  • DCF 5
  • Return on Equity 4
  • Return on Assets 2
  • Debt / Equity 1
  • P/E 3
  • P/B 3

Valuation

P/E 18.7×
FY 2016: 24.6×FY 2017: 24.3×FY 2018: 22.1×FY 2019: 10.5×FY 2020: -229×FY 2021: 14.3×FY 2022: 15.4×FY 2023: 18.6×FY 2024: 32.9×FY 2025: 18.7×
FY 2016 5y median 18.6× FY 2025
P/S 0.6×
FY 2016: 0.9×FY 2017: 1.1×FY 2018: 0.9×FY 2019: 1.0×FY 2020: 1.2×FY 2021: 1.1×FY 2022: 0.7×FY 2023: 0.7×FY 2024: 0.5×FY 2025: 0.6×
FY 2016 5y median 0.7× FY 2025
P/B 2.1×
FY 2016: 2.8×FY 2017: 3.5×FY 2018: 3.0×FY 2019: 3.1×FY 2020: 3.5×FY 2021: 2.8×FY 2022: 2.1×FY 2023: 2.2×FY 2024: 1.7×FY 2025: 2.1×
FY 2016 5y median 2.1× FY 2025
P/FCF 6.9×
FY 2016: 10.1×FY 2017: 11.3×FY 2018: 9.1×FY 2019: 11.2×FY 2020: 15.4×FY 2021: 9.2×FY 2022: 8.3×FY 2023: 12.5×FY 2024: 5.4×FY 2025: 6.9×
FY 2016 5y median 8.3× FY 2025
EV/EBITDA 5.2×
FY 2016: 7.0×FY 2017: 7.3×FY 2018: 7.1×FY 2019: 7.2×FY 2020: 14.4×FY 2021: 5.9×FY 2022: 5.8×FY 2023: 6.2×FY 2024: 5.9×FY 2025: 5.2×
FY 2016 5y median 5.9× FY 2025
EV/Sales 1.1×
FY 2016: 1.4×FY 2017: 1.6×FY 2018: 1.5×FY 2019: 1.7×FY 2020: 1.9×FY 2021: 1.7×FY 2022: 1.2×FY 2023: 1.2×FY 2024: 1.0×FY 2025: 1.1×
FY 2016 5y median 1.2× FY 2025
FCF Yield 14.6%
FY 2016: 9.9%FY 2017: 8.8%FY 2018: 11.0%FY 2019: 9.0%FY 2020: 6.5%FY 2021: 10.8%FY 2022: 12.0%FY 2023: 8.0%FY 2024: 18.6%FY 2025: 14.6%
FY 2016 5y median 12.0% FY 2025

Profitability

Gross Margin 35.8%
FY 2016: 37.5%FY 2017: 38.1%FY 2018: 37.8%FY 2019: 39.1%FY 2020: 36.9%FY 2021: 38.3%FY 2022: 35.2%FY 2023: 35.3%FY 2024: 35.2%FY 2025: 35.8%
FY 2016 5y median 35.3% FY 2025
Operating Margin 11.8%
FY 2016: 13.3%FY 2017: 15.3%FY 2018: 14.0%FY 2019: 15.2%FY 2020: 3.9%FY 2021: 20.4%FY 2022: 14.9%FY 2023: 10.6%FY 2024: 11.8%FY 2025: 11.8%
FY 2016 5y median 11.8% FY 2025
Net Margin 3.3%
FY 2016: 3.7%FY 2017: 4.5%FY 2018: 4.3%FY 2019: 9.9%FY 2020: -0.5%FY 2021: 7.6%FY 2022: 4.7%FY 2023: 3.9%FY 2024: 1.7%FY 2025: 3.3%
FY 2016 5y median 3.9% FY 2025
ROE 11.0%
FY 2016: 11.8%FY 2017: 14.7%FY 2018: 13.4%FY 2019: 29.7%FY 2020: -1.5%FY 2021: 19.4%FY 2022: 13.9%FY 2023: 12.1%FY 2024: 5.2%FY 2025: 11.0%
FY 2016 5y median 12.1% FY 2025
ROIC 5.7%
FY 2016: 6.1%FY 2017: 7.3%FY 2018: 6.8%FY 2019: 6.9%FY 2020: -1.2%FY 2021: 9.1%FY 2022: 7.5%FY 2023: 7.0%FY 2024: 4.8%FY 2025: 5.7%
FY 2016 5y median 7.0% FY 2025
ROA 1.8%
FY 2016: 2.0%FY 2017: 2.4%FY 2018: 2.3%FY 2019: 5.1%FY 2020: -0.2%FY 2021: 3.4%FY 2022: 2.6%FY 2023: 2.1%FY 2024: 0.9%FY 2025: 1.8%
FY 2016 5y median 2.1% FY 2025

Growth (YoY)

Revenue -3.6%
FY 2016: 1.4%FY 2017: 5.3%FY 2018: 2.7%FY 2019: 6.7%FY 2020: -17.7%FY 2021: 11.3%FY 2022: 30.9%FY 2023: 5.7%FY 2024: -1.8%FY 2025: -3.6%
FY 2016 FY 2025
Operating Income -3.2%
FY 2016: -10.4%FY 2017: 21.7%FY 2018: -6.4%FY 2019: 15.8%FY 2020: -78.6%FY 2021: 476.2%FY 2022: -4.5%FY 2023: -24.6%FY 2024: 8.9%FY 2025: -3.2%
FY 2016 FY 2025
EPS (diluted) 93.2%
FY 2016: -18.7%FY 2017: 25.6%FY 2018: -1.5%FY 2019: 147.3%FY 2020: -104.4%FY 2021: 1705.6%FY 2022: -19.4%FY 2023: -11.4%FY 2024: -57.4%FY 2025: 93.2%
FY 2016 FY 2025
Free Cash Flow -14.1%
FY 2016: 5.3%FY 2017: 10.6%FY 2018: 13.9%FY 2019: -4.2%FY 2020: -33.1%FY 2021: 72.7%FY 2022: -3.8%FY 2023: -29.5%FY 2024: 73.3%FY 2025: -14.1%
FY 2016 FY 2025

Financial Health

Current Ratio 0.9×
FY 2016: 0.8×FY 2017: 0.8×FY 2018: 0.9×FY 2019: 0.7×FY 2020: 0.8×FY 2021: 0.8×FY 2022: 0.8×FY 2023: 0.8×FY 2024: 0.8×FY 2025: 0.9×
FY 2016 5y median 0.8× FY 2025
Quick Ratio 0.7×
FY 2016: 0.6×FY 2017: 0.6×FY 2018: 0.7×FY 2019: 0.5×FY 2020: 0.6×FY 2021: 0.6×FY 2022: 0.5×FY 2023: 0.5×FY 2024: 0.5×FY 2025: 0.7×
FY 2016 5y median 0.5× FY 2025
Debt / Equity 2.2×
FY 2016: 2.1×FY 2017: 2.2×FY 2018: 2.1×FY 2019: 2.1×FY 2020: 2.8×FY 2021: 2.0×FY 2022: 1.7×FY 2023: 1.9×FY 2024: 1.8×FY 2025: 2.2×
FY 2016 5y median 1.9× FY 2025
Net Debt / EBITDA 2.3×
FY 2016: 2.6×FY 2017: 2.5×FY 2018: 2.6×FY 2019: 2.7×FY 2020: 5.5×FY 2021: 2.1×FY 2022: 2.3×FY 2023: 2.6×FY 2024: 2.8×FY 2025: 2.3×
FY 2016 5y median 2.3× FY 2025
Interest Coverage 5.5×
FY 2016: 5.9×FY 2017: 6.4×FY 2018: 5.8×FY 2019: 6.1×FY 2020: 1.5×FY 2021: 9.2×FY 2022: 8.9×FY 2023: 5.0×FY 2024: 5.2×FY 2025: 5.5×
FY 2016 5y median 5.5× FY 2025

Dividends

Dividend Yield 7.1%
FY 2016: 5.5%FY 2017: 4.3%FY 2018: 5.1%FY 2019: 1.9%FY 2020: 3.5%FY 2021: 3.3%FY 2022: 5.3%FY 2023: 6.1%FY 2024: 7.3%FY 2025: 7.1%
FY 2016 5y median 6.1% FY 2025
Payout Ratio 134.0%
FY 2016: 132.3%FY 2017: 103.5%FY 2018: 113.4%FY 2019: 20.0%FY 2020: -795.1%FY 2021: 47.9%FY 2022: 81.8%FY 2023: 113.7%FY 2024: 240.8%FY 2025: 134.0%
FY 2016 5y median 113.7% FY 2025

Annual · latest fiscal year ends 2025-12-31