Dashboard
1
High Debt Company with a Debt to Equity ratio (avg) at times
- Poor long term growth as Operating profit has grown by an annual rate 7.11% of over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) at times
- The company has been able to generate a Return on Capital Employed (avg) of 9.95% signifying low profitability per unit of total capital (equity and debt)
2
Poor long term growth as Operating profit has grown by an annual rate 7.11% of over the last 5 years
3
With ROE of 13.64%, it has a Expensive valuation with a 2.26 Price to Book Value
4
Consistent Underperformance against the benchmark over the last 3 years
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-28.32%
0%
-28.32%
6 Months
-14.48%
0%
-14.48%
1 Year
-31.96%
0%
-31.96%
2 Years
-23.73%
0%
-23.73%
3 Years
-28.73%
0%
-28.73%
4 Years
-15.07%
0%
-15.07%
5 Years
-22.17%
0%
-22.17%
Heineken NV for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
6.03%
EBIT Growth (5y)
7.11%
EBIT to Interest (avg)
5.80
Debt to EBITDA (avg)
2.54
Net Debt to Equity (avg)
0.70
Sales to Capital Employed (avg)
0.77
Tax Ratio
46.03%
Dividend Payout Ratio
106.54%
Pledged Shares
0
Institutional Holding
0.12%
ROCE (avg)
9.95%
ROE (avg)
13.16%
Valuation key factors
Factor
Value
P/E Ratio
17
Industry P/E
Price to Book Value
2.26
EV to EBIT
14.34
EV to EBITDA
9.03
EV to Capital Employed
1.70
EV to Sales
1.85
PEG Ratio
1.37
Dividend Yield
2.75%
ROCE (Latest)
11.86%
ROE (Latest)
13.64%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bullish
Mildly Bearish
Shareholding Snapshot : Dec 2023
Shareholding Compare (%holding) 
Majority shareholders
Foreign Institutions
Domestic Funds
Held in 0 Schemes (0%)
Foreign Institutions
Held by 6 Foreign Institutions (0.13%)
Strategic Entities with highest holding
Highest Public shareholder
Annual Results Snapshot (Consolidated) - Dec'23
Dec'23
Dec'22
Change(%)
Net Sales
30,362.00
28,719.00
5.72%
Operating Profit (PBDIT) excl Other Income
6,059.00
6,086.00
-0.44%
Interest
640.00
458.00
39.74%
Exceptional Items
-1,119.00
107.00
-1,145.79%
Consolidate Net Profit
2,401.00
3,039.00
-20.99%
Operating Profit Margin (Excl OI)
127.00%
142.10%
-1.51%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2023 is 5.72% vs 29.73% in Dec 2022
Consolidated Net Profit
YoY Growth in year ended Dec 2023 is -20.99% vs -14.03% in Dec 2022
About Heineken NV 
Heineken NV
Beverages
Heineken N.V. is involved in the brewing and selling of beer. The Company operates through five segments: Africa, Middle East & Eastern Europe; Americas; Asia Pacific, Europe, and Head Office and Other/eliminations. The Africa, Middle East and Eastern Europe segment includes brands, such as Heineken, Primus, Amstel, Walia and Goldberg. The Americas segment includes brands, such as Heineken, Tecate, Amstel, Sol and Dos Equis. The Asia Pacific segment includes brands, such as Heineken, Anchor, Larue, Tiger and Bintang. The Europe segment includes brands, such as Heineken, Cruzcampo, Birra Moretti, Zywiec and Strongbow Apple Ciders. The Company owns, markets and sells more than 250 brands in more than 190 countries. Amstel's host of brand extensions available includes Amstel Light, Amstel Lager, Amstel Premium Pilsener, Amstel Bright and Amstel Radler. Strongbow Apple Ciders' range of flavors is based on apple, including Gold Apple, Honey, Red Berries, Elderflower and Dark Fruit.
Company Coordinates 
Company Details
Tweede Weteringplantsoen 21 , AMSTERDAM None : 1017 ZD
Registrar Details






