Education
About Us
Working with TipRanks
Follow Us
Heineken NV (HEINY)
OTHER OTC:HEINY
Top Page
Heineken
(OTC:HEINY)
Select Model
Select Model
Rating:77Outperform
Price Target:―
Heineken's stock benefits from strong financial performance and positive technical indicators, though a high P/E ratio suggests potential overvaluation. The balance sheet strength and cash flow generation are key positives, despite challenges in net income and profitability margins.
Heineken (HEINY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$43.54B
Dividend Yield2.72%
Average Volume (3M)14.78K
Price to Earnings (P/E)22.1
Beta (1Y)0.47
Revenue Growth-4.32%
EPS Growth74.30%
CountryUS
Employees89,264
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)1.21
Shares Outstanding1,152,005,200
10 Day Avg. Volume4,656
30 Day Avg. Volume14,783
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.60
Enterprise Value/Revenue2.34
Enterprise Value/Gross Profit6.64
Enterprise Value/Ebitda13.19
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Heineken Business Overview & Revenue Model
Company DescriptionHeineken N.V. engages in the brewing and selling of beer and cider. It also provides soft drinks and water. It offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Birra Moretti, Affligem, Lagunitas, and Mort Subite brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Follow The Fox, Cidrerie Stassen, Bulmers, Old Mout, and Blind Pig brands. The company offers its products to retailers, bars, pubs, hotels, and restaurants in Europe, Americas, Africa, the Middle East, Eastern Europe, and the Asia Pacific markets. The company was founded in 1864 and is based in Amsterdam, the Netherlands. Heineken N.V. is a subsidiary of Heineken Holding N.V.
How the Company Makes MoneyHeineken makes money primarily through the production and sale of its beer and cider products. Its revenue model is based on selling these beverages to retailers, bars, restaurants, and directly to consumers through various distribution channels. Key revenue streams include the sale of its core brand, Heineken, as well as other popular brands such as Amstel, Desperados, and Strongbow. The company also benefits from strategic partnerships and joint ventures with local breweries around the world, which help expand its market reach and increase brand visibility. Additionally, Heineken invests in marketing and sponsorships to enhance brand recognition and consumer loyalty, further driving sales. Revenue is also supported by diversification into non-alcoholic beverages and premiumization strategies that encourage higher-margin product sales.
Heineken Earnings Call Summary
Earnings Call Date:Jul 28, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Feb 18, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a resilient performance with strong profit growth and positive momentum in key markets like APAC and AME. However, challenges such as volume declines, currency impacts, and operational issues in Europe weigh on the overall outlook. Strategic initiatives and sustainability progress provide a positive long-term outlook.Q2-2025 Updates
Positive Updates
Strong Profit Growth
Operating profit (beia) grew by 7.4%, with a margin increase of 26 basis points to 14.3%. Net profit (beia) increased by 7.5% organically.
Resilient Performance in APAC and AME
APAC posted strong results with net revenue growth of 5.5% and operating profit growth of 11%. Africa and Middle East achieved significant volume growth and profitability improvements, with net revenue growing organically by 19.8%.
Positive Momentum in Key Markets
Notable volume growth in India, Vietnam, and Nigeria. Heineken brand volume grew 4.5% globally, with strong performances in APAC and Nigeria.
Sustainability Achievements
Progressed towards net zero carbon targets and improved water efficiency. Achieved the target of 30% women in senior management roles.
Negative Updates
Decline in Beer Volume
Total beer volume was down by 1.2%, with Europe experiencing a 4.7% decline due to prolonged retail negotiations.
Currency and Tariff Challenges
Significant negative impact from currency translation and expected impact of import tariffs in the second half of the year.
Operational Issues in Europe
Extended customer negotiations in Western Europe impacted performance, with a 5.2% decline in operating profit.
Loss of Control in Eastern Congo
Lost control of operations in Bukavu, Democratic Republic of Congo, due to deteriorating security conditions.
Company Guidance
In the 2025 half-year results call, Heineken reiterated its robust profit growth, despite facing macroeconomic challenges. The company reported a 7.4% increase in operating profit (beia) and a 2.1% organic growth in net revenue (beia) to €14.2 billion. Volume growth was slightly negative at -1.2%, but net revenue per liter (beia) improved by 3.3%. The Heineken brand showed a 4.5% volume growth, while operating margin increased by 26 basis points to 14.3%. Notably, Africa and the Middle East contributed significantly with a 19.8% organic net revenue rise and over 50% growth in operating profit (beia) in euros. The guidance for the full-year operating profit (beia) remains at an organic growth range of 4% to 8%.Heineken Financial Statement Overview
Summary
Heineken demonstrates strong financial metrics with consistent revenue growth and effective debt management, resulting in a robust balance sheet. However, a decline in net income affects profitability margins, indicating areas for improvement.Income Statement
Heineken shows a strong financial performance with a consistent revenue growth trajectory over the past years, despite a slight revenue drop in the latest period. The gross profit margin is healthy, and the company maintains strong EBIT and EBITDA margins, indicating effective cost management and operational efficiency. However, a noteworthy decline in net income affects the net profit margin, suggesting potential challenges in the bottom-line profitability.85
Very Positive
Balance Sheet
The balance sheet is robust with a high level of cash and equivalents, and the total debt has been significantly reduced to zero, enhancing the company's financial stability. The equity ratio is solid, reflecting a strong capital structure. However, the return on equity has seen a downturn due to lower net income, which could impact investor returns.80
Positive
Cash Flow
Heineken's cash flow position is strong, with operating cash flow increasing, indicating good cash generation from operations. The free cash flow has grown significantly, reflecting effective capital expenditure management. However, the operating cash flow to net income ratio indicates that cash generation is outpacing net income, which might suggest non-cash adjustments affecting profitability.78
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 29.82B | 30.36B | 28.72B | 22.14B | 19.71B |
| Gross Profit | 10.51B | 10.70B | 11.36B | 8.57B | 7.15B |
| EBITDA | 5.29B | 5.15B | 6.41B | 6.39B | 2.59B |
| Net Income | 978.00M | 2.30B | 2.68B | 3.32B | -204.00M |
Balance Sheet | |||||
| Total Assets | 53.77B | 55.15B | 53.42B | 49.82B | 43.52B |
| Cash, Cash Equivalents and Short-Term Investments | 2.35B | 2.38B | 2.77B | 3.25B | 4.00B |
| Total Debt | 0.00 | 18.24B | 16.38B | 16.87B | 18.20B |
| Total Liabilities | 31.37B | 32.36B | 31.50B | 30.12B | 29.12B |
| Stockholders Equity | 19.58B | 20.06B | 19.55B | 17.36B | 13.39B |
Cash Flow | |||||
| Free Cash Flow | 3.04B | 1.75B | 2.48B | 2.58B | 1.50B |
| Operating Cash Flow | 5.50B | 4.43B | 4.50B | 4.18B | 3.14B |
| Investing Cash Flow | -2.44B | -3.58B | -2.68B | -2.29B | -1.44B |
| Financing Cash Flow | -2.57B | -816.00M | -2.74B | -2.87B | 1.24B |
Heineken Technical Analysis
Negative
38.54
Price Trends
40.75
Negative
42.35
Negative
40.22
Negative
Market Momentum
-0.55
Positive
37.21
Neutral
24.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HEINY, the sentiment is Negative. The current price of 38.54 is below the 20-day moving average (MA) of 39.53, below the 50-day MA of 40.75, and below the 200-day MA of 40.22, indicating a bearish trend. The MACD of -0.55 indicates Positive momentum. The RSI at 37.21 is Neutral, neither overbought nor oversold. The STOCH value of 24.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HEINY.
Heineken Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $43.54B | 22.07 | 9.49% | 2.72% | -4.32% | 74.30% | |
75 Outperform | 2.21B | 13.74 | 10.55% | 3.88% | 13.92% | 32.69% | |
75 Outperform | 37.12B | 14.03 | 15.95% | 1.97% | -0.79% | -10.83% | |
75 Outperform | 117.62B | 16.27 | 7.48% | 1.77% | -2.06% | 21.03% | |
66 Neutral | 9.24B | 9.24 | 7.72% | 3.97% | -5.48% | -6.99% | |
60 Neutral | 23.43B | -55.67 | -6.09% | 3.05% | -0.47% | -117.62% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
Performance Comparison
HEINY
Heineken
38.54
-4.32
-10.08%
BUD
Anheuser-Busch Inbev Sa
59.36
-2.92
-4.69%
CCU
Compania Cervecerias Unidas SA
11.69
1.41
13.72%
FMX
Fomento Economico Mexicano
96.30
1.07
1.12%
TAP
Molson Coors
46.57
-6.68
-12.54%
ABEV
Ambev SA
2.30
0.17
7.98%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.