Heineken Holding NV (HEIO) AI Stock Analysis

• Market Cap: €18.12B
• Dividend Yield: 3.13%
• Average Volume (3M): 198.07K
• Price to Earnings (P/E): 18.4
• Beta (1Y): 0.76
• Revenue Growth: -4.84%
• EPS Growth: 76.70%
• Country: NL
• Employees: 88,497
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Beverages - Alcoholic
• EPS (TTM): 2.18
• Shares Outstanding: 288,030,180
• 10 Day Avg. Volume: 200,503
• 30 Day Avg. Volume: 198,075
• PEG Ratio: 0.20
• Price to Book (P/B): 2.03
• Price to Sales (P/S): 0.61
• P/FCF Ratio: 6.72
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 5.72
• Revenue Forecast (FY): €31.50B

• Rating: 58 Neutral
• Price Target: €65.00 ▲(5.43% Upside)
• Action: Downgraded Date: 02/18/26
• Date: Action: Downgraded 02/18/26

The score is driven primarily by middling financial performance: strong cash flow and operating profitability are offset by recent revenue softness, volatile/weaker net income, and a leveraged balance sheet. Technicals are bullish but appear overbought, while valuation is neutral with only moderate dividend support.

Positive Factors

Cash Generation

Consistent multi‑billion free cash flow provides a durable funding source for the holding company’s dividend receipts and balance‑sheet needs. Healthy OCF/FCF supports capital returns and interest coverage, cushioning the business against cyclical earnings dips and financing flexibility constraints.

Negative Factors

High Leverage

A debt‑heavy capital structure materially limits financial flexibility and raises interest and refinancing risk. With leverage rising into 2025, the company is more sensitive to earnings shocks; higher fixed obligations can constrain dividend distributions and force prioritization of deleveraging over growth investments.

Heineken Holding NV Business Overview & Revenue Model

Company Description

Heineken Holding N.V., through its subsidiaries, engages in the brewing and selling of beer and cider. The company's portfolio consists of approximately 300 international, regional, local, and specialty beers and ciders. It operates in Africa, the...

Read more

Heineken Holding N.V., through its subsidiaries, engages in the brewing and selling of beer and cider. The company's portfolio consists of approximately 300 international, regional, local, and specialty beers and ciders. It operates in Africa, the...

How the Company Makes Money

Heineken Holding N.V. does not typically generate operating revenue from producing or selling beverages itself; instead, it functions as a holding vehicle. It makes money primarily through income and value derived from its equity stake in Heineken...

Read more

Heineken Holding N.V. does not typically generate operating revenue from producing or selling beverages itself; instead, it functions as a holding vehicle. It makes money primarily through income and value derived from its equity stake in Heineken...

Heineken Holding NV Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	28.75B	29.82B	30.36B	28.72B	21.94B
Gross Profit	10.29B	10.51B	10.70B	10.10B	8.41B
EBITDA	6.22B	5.29B	5.82B	6.67B	6.38B
Net Income	952.00M	498.00M	1.17B	3.04B	3.54B
Balance Sheet
Total Assets	53.47B	54.77B	54.76B	52.41B	48.85B
Cash, Cash Equivalents and Short-Term Investments	4.82B	2.35B	2.38B	2.77B	3.25B
Total Debt	20.45B	17.36B	18.24B	16.38B	16.87B
Total Liabilities	33.14B	32.67B	32.36B	30.49B	29.15B
Stockholders Equity	8.63B	9.55B	9.73B	9.69B	8.59B
Cash Flow
Free Cash Flow	2.61B	3.04B	1.75B	2.48B	2.58B
Operating Cash Flow	5.01B	5.50B	4.43B	4.50B	4.18B
Investing Cash Flow	-2.46B	-2.44B	-3.58B	-2.29B	-2.28B
Financing Cash Flow	196.00M	-2.57B	-816.00M	-3.13B	-2.88B

Heineken Holding NV Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 61.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:HEIO, the sentiment is Negative. The current price of 61.65 is below the 20-day moving average (MA) of 63.30, below the 50-day MA of 66.20, and below the 200-day MA of 62.20, indicating a neutral trend. The MACD of -1.47 indicates Negative momentum. The RSI at 40.45 is Neutral, neither overbought nor oversold. The STOCH value of 82.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:HEIO.

Heineken Holding NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HEIA	63 Neutral	€39.06B	8.57	9.79%	2.80%	-4.84%	73.54%
HEIO	58 Neutral	€18.12B	18.43	11.08%	3.13%	-4.84%	76.70%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%