Valuation Heineken N.V.

Stocks

Market Closed - Euronext Amsterdam Other stock markets 19:55:00 09/06/2026 +04			5-day change	1st Jan Change
68.84 ^EUR	+3.58%		+3.89%	-1.29%

06-08	Absolicon signs definitive agreement with Heineken subsidiary in Greece	FW
06-07	2026 World Cup and the Stock Market: Football's Great Marketplace

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	56,918	50,583	52,101	38,487	38,598	37,059	-	-
Change	-	-11.13%	3%	-26.13%	0.29%	-3.99%	-	-
Enterprise Value (EV) ¹	70,543	64,114	67,936	53,138	53,077	54,058	52,876	51,609
Change	-	-9.11%	5.96%	-21.78%	-0.11%	1.85%	-2.19%	-2.4%
P/E ratio	17.1x	18.9x	22.5x	39.5x	20.6x	15x	13.8x	12.6x
PBR	3.28x	2.59x	2.58x	1.72x	2.16x	1.99x	1.85x	1.71x
PEG	-	-1x	-1.9x	-0.7x	0.2x	0.4x	1.55x	1.33x
Capitalization / Revenue	2.6x	1.76x	1.72x	1.07x	1.13x	1.2x	1.16x	1.12x
EV / Revenue	3.22x	2.23x	2.24x	1.48x	1.55x	1.76x	1.66x	1.56x
EV / EBITDA	13.9x	10.6x	9.5x	7.84x	7.97x	7.79x	7.25x	6.77x
EV / EBIT	20.7x	14.2x	15.3x	11.8x	12.1x	11.3x	10.5x	9.7x
EV / FCF	24.7x	23.7x	34x	17.5x	20.3x	20.6x	18.8x	17.6x
FCF Yield	4.05%	4.22%	2.94%	5.72%	4.92%	4.86%	5.31%	5.68%
Dividend per Share ²	1.24	1.73	1.73	1.86	1.9	2.02	2.154	2.282
Rate of return	1.25%	1.97%	1.88%	2.71%	2.72%	2.93%	3.13%	3.32%
EPS ²	5.77	4.65	4.09	1.74	3.38	4.597	5.006	5.481
Distribution rate	21.5%	37.2%	42.3%	107%	56.2%	43.9%	43%	41.6%
Net sales ¹	21,901	28,694	30,308	35,955	34,257	30,759	31,925	33,091
EBITDA ¹	5,087	6,055	7,154	6,780	6,658	6,938	7,295	7,623
EBIT ¹	3,414	4,502	4,443	4,512	4,385	4,797	5,046	5,321
Net income ¹	3,324	2,682	2,304	978	1,885	2,562	2,773	2,985
Net Debt ¹	13,625	13,531	15,835	14,651	14,479	16,999	15,817	14,550
Reference price ²	98.86	87.88	91.94	68.70	69.74	68.84	68.84	68.84
Nbr of stocks (in thousands)	575,740	575,595	566,680	560,214	553,454	538,332	-	-
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	11/02/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HEINEKEN N.V.	14.46x	1.72x	7.61x	3.04%	41.31B
ANHEUSER-BUSCH INBEV SA/NV	17.18x	3.29x	9.1x	1.84%	153B
AMBEV S.A.	15.37x	2.52x	7.47x	5.72%	48.72B
CONSTELLATION BRANDS, INC.	12.18x	3.82x	10.11x	3%	24.25B
CARLSBERG A/S	13.59x	1.86x	8.68x	3.79%	18B
ASAHI GROUP HOLDINGS, LTD.	14.48x	1.2x	8.64x	3.37%	13.74B
KIRIN HOLDINGS COMPANY, LIMITED	12.45x	1.16x	8.07x	2.99%	13.24B
TSINGTAO BREWERY COMPANY LIMITED	17.09x	1.7x	7.97x	4.09%	10.38B
Average	14.60x	2.16x	8.46x	3.48%	40.32B
Weighted average by Cap.	15.67x	2.70x	8.62x	2.96%