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Heineken NV HEIA

Morningstar Rating
€93.86 −0.98 (1.03%)
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Company Report

Heineken Well Positioned to Benefit From Premiumization

After a period of industry consolidation, we think the future of the brewing industry lies in premiumization at scale, nonalcoholic beer, and portfolio proliferation. We believe Heineken has strategies to deliver against all of these themes. The company's approach to value creation is its "green diamond," which focuses on four metrics: growth, profitability, capital efficiency, and sustainability and responsibility, and its five strategic priorities under the "EverGreen" umbrella are: shape the future of beer and beyond, digital, productivity, sustainability, and people.

Price vs Fair Value

HEIA is trading at a 794% premium.
Price
€94.84
Fair Value
€177.00
Uncertainty
Medium
1-Star Price
€244.00
5-Star Price
€22.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

The premium portfolio includes Heineken, the only truly global premium lager brand, Affligem, Lagunitas, and Birra Moretti. It is well positioned to capture market share through premiumisation.

Bears

Europe accounts for one third of Heineken’s EBIT, but pricing is weak in the highly competitive Western European market, while unfavorable demographics are putting pressure on volume in Eastern Europe.

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News

Trading Information

Previous Close Price
€94.84
Day Range
€93.3094.96
52-Week Range
€81.5499.30
Bid/Ask
€93.84 / €93.88
Market Cap
€52.89 Bil
Volume/Avg
123,573 / 604,323

Key Statistics

Price/Earnings (Normalized)
20.28
Price/Sales
1.76
Dividend Yield (Trailing)
1.82%
Dividend Yield (Forward)
2.19%
Total Yield
3.59%

Company Profile

Heineken sold 243 million hectoliters of beer in 2023, and is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer, and its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.
Sector
Consumer Defensive
Industry
Beverages - Brewers
Stock Style Box
Large Core
Total Number of Employees
89,732

Competitors

Valuation

Metric
HEIA
DGE
CARL B
Price/Earnings (Normalized)
20.2817.7216.78
Price/Book Value
2.667.515.42
Price/Sales
1.763.531.74
Price/Cash Flow
11.6114.9110.95
Price/Earnings
HEIA
DGE
CARL B

Financial Strength

Metric
HEIA
DGE
CARL B
Quick Ratio
0.480.650.50
Current Ratio
0.771.580.64
Interest Coverage
4.615.609.20
Quick Ratio
HEIA
DGE
CARL B

Profitability

Metric
HEIA
DGE
CARL B
Return on Assets (Normalized)
4.80%9.16%6.40%
Return on Equity (Normalized)
13.38%42.99%26.70%
Return on Invested Capital (Normalized)
7.87%14.78%12.03%
Return on Assets
HEIA
DGE
CARL B
See how this stock stacks up to its competitors with Morningstar Investor

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