Heineken N.V. HEIA.AS
Composite 56/100; the shares have moved about 22% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.
Balance-sheet strength ranks 42/100 — a slight mark against it.
Valuation ranks 67/100 — a moderate point in its favour. Momentum ranks 61/100 — a slight point in its favour. Quality ranks 56/100 — a slight point in its favour.
Balance-sheet strength ranks 42/100 — a slight mark against it.
What the company does Heineken N.V. is a global brewer and cider producer with a diversified portfolio of 30+ brands, including Heineken, Amstel, Tiger, and Strongbow. The company operates across Europe, the Americas, Africa, and Asia Pacific, serving retailers, bars, and restaurants. It also engages in pub management, soft drinks, and wholesale activities.
Key financials Heineken reports gross margins of 37%, operating margins of 13.4%, and net margins of 6.6%. ROE stands at 9.9%, ROA at 4.3%, and ROCE at 12.9%. Revenue declined -2.8% while EPS grew 7.5%. The company maintains a dividend yield of 2.5% with a payout ratio of 56.5%.
Stock health The stock shows strong momentum with 3m, 6m, and 12m returns of 20.99%, 16.31%, and 18.62%, respectively. RSI(14) is at 69.80, indicating near overbought conditions. Sideravia scores the stock as average quality with positive momentum (Momentum 70.4, Income 75.2).
Price vs fair value The stock trades at a **PREMIUM of 28.20%** versus our fair-value estimate and a **discount of 8.54%** versus the analyst 12-month target. - Heineken’s $3.75B expansion in Vietnam and Mexico signals growth ambitions (Moneywise) - The OpenTable pilot rewards designated drivers, aligning with shifting consumer trends (Marketing Dive) - Analysts value the stock at €86.85, implying 8.54% upside (analyst count 23.0) - Sideravia’s valuation percentile of 57.8 suggests fair value, yet momentum keeps the price elevated
Looking forward Forward P/E of 14.90 and PEG of 0.26 suggest undemanding valuations relative to growth. However, revenue contraction (-2.8%) and high debt levels (Net debt/EBITDA 2.63) warrant caution. Expansion in high-growth markets (Vietnam, Mexico) may offset softness in mature markets.
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Data as of 2026-09-05, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.