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Heineken Holding

AEX:HEIO · NL0000008977
BeveragesX-Large

360

29
EV / EBIT91
Price / Owner Earnings36
Owner Earnings Yield22
Dividend Yield1
Price/Sales74
EV / Gross Profit84
Price/Book62
Return on Capital32
Cash Return on Capital16
Return on Equity43
EBIT Margin34
Gross Profitability16
Cash Conversion96
Accruals71
Owner Earnings Margin20
Sales growth36
Profit Growth57
Long-Term EPS Growth20
Owner Earnings Growth63
Reinvestment38
Price momentum34
Debt load27
Refinancing8
Debt Payback3
Liquidity45
Analyst ratings48
Opinion Changes50
Price Target Upside98
Market mood41
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Heineken Holding clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryNetherlands
IndustryBeverages
SizeX-Large
TypePublic Company
ExchangeENXTAM
Websiteheinekenholding.com
ISINNL0000008977
Last UpdateApr 2, 2026
Indices
Sound Pay Practices (Europe)
Themes
DistilleryFinanceFinancial ServicesService Industry

Description

Heineken Holding N.V. engages in brewing and selling beer and cider. The company is a subsidiary of L'Arche Green N.V. Business Segments The company operates Beer Production, Beyond Beer, International and Local Markets, and Joint Ventures and Part…

Analysis

Middle-of-the-road

Heineken Holding N.V. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 27.3×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
4
2023202420252026

All-time high

51

Jan 2023

All-time low

4

Jun 2026

Average rank

26

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
74
65
62
58
Price/Earnings
57
12
44
33
Price/Book
62
46
40
31
Dividend Yield
1
44
38
43
Value (overall)
55
43
47
41

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →