Dashboard
1
High Management Efficiency with a high ROCE of 14.35%
2
High Debt Company with a Debt to Equity ratio (avg) at times
3
Poor long term growth as Operating profit has grown by an annual rate 4.36% of over the last 5 years
4
Flat results in Jun 25
5
With ROE of 24.61%, it has a Expensive valuation with a 2.04 Price to Book Value
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
5.0%
0%
5.0%
6 Months
-10.55%
0%
-10.55%
1 Year
4.74%
0%
4.74%
2 Years
-16.18%
0%
-16.18%
3 Years
-15.61%
0%
-15.61%
4 Years
-18.01%
0%
-18.01%
5 Years
-21.84%
0%
-21.84%
Heineken Holding 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)
4.36%
EBIT to Interest (avg)
5.87
Debt to EBITDA (avg)
2.51
Net Debt to Equity (avg)
1.43
Sales to Capital Employed (avg)
1.03
Tax Ratio
31.19%
Dividend Payout Ratio
105.65%
Pledged Shares
0
Institutional Holding
3.04%
ROCE (avg)
14.35%
ROE (avg)
25.02%
Valuation key factors
Factor
Value
P/E Ratio
8
Industry P/E
Price to Book Value
2.04
EV to EBIT
9.95
EV to EBITDA
5.54
EV to Capital Employed
1.37
EV to Sales
1.13
PEG Ratio
0.13
Dividend Yield
3.15%
ROCE (Latest)
13.77%
ROE (Latest)
24.61%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
Mildly Bearish
Shareholding Snapshot : Dec 2023
Shareholding Compare (%holding) 
Majority shareholders
Foreign Institutions
Domestic Funds
Held in 0 Schemes (0%)
Foreign Institutions
Held by 10 Foreign Institutions (2.86%)
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
6,023.00
6,028.00
-0.08%
Interest
640.00
458.00
39.74%
Exceptional Items
-199.00
173.00
-215.03%
Consolidate Net Profit
2,401.00
3,039.00
-20.99%
Operating Profit Margin (Excl OI)
103.60%
139.80%
-3.62%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2023 is 5.72% vs 30.89% in Dec 2022
Consolidated Net Profit
YoY Growth in year ended Dec 2023 is -20.99% vs -14.03% in Dec 2022
About Heineken Holding NV 
Heineken Holding NV
Beverages
Heineken Holding NV is the Netherlands-based holding company, which holds 50.005% of the issued share capital of Heineken NV and heads the Heineken group. The object of Heineken Holding NV is to manage and supervise the management of the Heineken group and to provide services for Heineken NV. Through its subsidiaries, the Company is primarily involved in the brewing and selling of beer. The structure of Heineken Holding NV is divided into segments, which resemble operations of Heineken NV: Western Europe, Central and Eastern Europe, the Americas, Africa and the Middle East, and Asia Pacific. The shares of the Company are owned by L’Arche Green NV, FEMSA and public shareholders. Through its indirect subsidiaries, Heineken Holding NV operates in more than 70 countries worldwide. The Company operates Pivovarna Lasko dd as a majority owned subsidiary.
Company Coordinates 
Company Details
Tweede Weteringplantsoen 5,, PO Box 28 AMSTERDAM None : 1017 ZD
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