Heineken Holding (HEIO) Stock Overview
Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
HEIO Community Fair Values
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Analyst Price Targets
Heineken Holding N.V. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €64.15 |
| 52 Week High | €73.70 |
| 52 Week Low | €57.10 |
| Beta | 0.62 |
| 1 Month Change | 6.30% |
| 3 Month Change | -2.95% |
| 1 Year Change | -5.03% |
| 3 Year Change | -19.81% |
| 5 Year Change | -22.38% |
| Change since IPO | 736.08% |
Recent News & Updates
Narrative Update • Apr 18
HEIO: Future Returns Will Rely On Stable Margins And Underappreciated Earnings Multiple
Analysts have kept their fair value estimate for Heineken Holding steady at €115. This reflects unchanged assumptions on discount rate, revenue growth, profit margins and future P/E while they reassess the balance of earnings potential and valuation risk.Narrative Update • Apr 03
HEIO: Future Returns Will Rely On Margin Gains And Undervalued Earnings Multiple
Analysts have raised their price target on Heineken Holding from €107 to €115, citing updated assumptions that include adjusted revenue growth, profit margin, future P/E expectations and a revised discount rate. What's in the News Company issued earnings guidance for fiscal 2026, indicating an anticipated operating profit growth range of 2% to 6% (company guidance).Recent updates
Narrative Update • Apr 18
HEIO: Future Returns Will Rely On Stable Margins And Underappreciated Earnings Multiple
Analysts have kept their fair value estimate for Heineken Holding steady at €115. This reflects unchanged assumptions on discount rate, revenue growth, profit margins and future P/E while they reassess the balance of earnings potential and valuation risk.Narrative Update • Apr 03
HEIO: Future Returns Will Rely On Margin Gains And Undervalued Earnings Multiple
Analysts have raised their price target on Heineken Holding from €107 to €115, citing updated assumptions that include adjusted revenue growth, profit margin, future P/E expectations and a revised discount rate. What's in the News Company issued earnings guidance for fiscal 2026, indicating an anticipated operating profit growth range of 2% to 6% (company guidance).Narrative Update • Feb 04
HEIO: Future Returns Will Rely On Stable Margins And Undervalued Earnings Multiple
Analysts now keep their price target for Heineken Holding steady at €107.00, citing unchanged assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the key reasons for maintaining their view. Valuation Changes Fair Value: kept unchanged at €107.00, indicating no adjustment to the central valuation estimate.Narrative Update • Jan 21
HEIO: Future Returns Will Rely On Stable Margins And Undervalued Earnings Multiple
Analysts kept their fair value estimate for Heineken Holding steady at €107.0. Only small model tweaks to revenue growth, profit margin and future P/E assumptions are driving the updated price target narrative. Valuation Changes Fair Value: Held steady at €107.0, indicating no change in the central valuation anchor.Narrative Update • Jan 06
HEIO: Future Returns Will Rely On Stable Margins Despite Weaker Volumes
Analysts have nudged their price target for Heineken Holding to €107.00, with the update tied to slightly adjusted assumptions around revenue growth, profit margins, and the forward P/E multiple. What's in the News Heineken Holding reported operating results for the third quarter of 2025, with beer volume organically down 4.3% for the period.Narrative Update • Dec 17
HEIO: Share Price Will Benefit From Stable Margins Despite Volume Declines
Analysts have modestly reaffirmed their outlook on Heineken Holding, keeping the price target effectively unchanged at €107.0, citing stable assumptions for revenue growth, profit margins, and valuation multiples. What's in the News Reported third quarter 2025 operating results showing an organic decline of 4.3% in total beer volume, reflecting softer consumer demand in several key markets (company announcement).Narrative Update • Dec 03
HEIO: Share Price Outlook Will Remain Resilient As Margins Hold Firm
Analysts have nudged their price target on Heineken Holding marginally higher to €107.00, reflecting steady expectations for revenue growth, profit margins, and valuation multiples while maintaining a broadly unchanged risk profile. What's in the News Third quarter 2025 operating update shows overall beer volume down 4.3 percent organically, with premium beer volume down 2.2 percent and Heineken volume slightly lower by 0.6 percent (company announcement) For the first nine months of 2025, total beer volume declined 2.3 percent organically, while premium beer volume was broadly flat, down 0.4 percent (company announcement) Heineken branded volume remains a relative bright spot, rising 2.7 percent organically year to date 2025 despite broader category softness (company announcement) Valuation Changes Fair Value: Maintained at €107.00 per share, indicating no change in the central valuation estimate.Narrative Update • Nov 19
HEIO: Share Price Outlook Will Remain Resilient Despite Marginal Volume Declines
Analysts have maintained their fair value estimate for Heineken Holding at €107.00, citing consistent expectations, even though there have been minor adjustments to underlying financial assumptions. What's in the News Heineken Holding N.V. reported its operating results for the third quarter and the first nine months of 2025 (Key Developments).Analysis Article • Nov 16
Heineken Holding N.V.'s (AMS:HEIO) Shares Not Telling The Full Story
It's not a stretch to say that Heineken Holding N.V.'s ( AMS:HEIO ) price-to-earnings (or "P/E") ratio of 18.6x right...Narrative Update • Nov 04
HEIO: Future Revenue Stability And Discount Rate Will Support Bullish Momentum
Analysts have maintained their price target for Heineken Holding at €107.00, citing steady expectations for revenue growth, profit margins, and future valuation metrics. What's in the News Heineken Holding N.V. announced operating results for Q3 and nine months of 2025 (Key Developments) In Q3 2025, beer volume decreased organically by 4.3%.Narrative Update • Oct 21
Analysts Lift Heineken Holding Price Target as Fundamentals Improve and Share Buyback Completes
Analysts have raised their price target for Heineken Holding from €104 to €107, citing modest improvements in fair value assessments and slightly more favorable fundamentals. What's in the News Heineken Holding completed the repurchase of 1,441,001 shares.Narrative Update • Sep 27
APAC, Africa And Digital Deployment Will Expand Premium Reach
Despite higher consensus revenue growth forecasts, expectations for Heineken Holding's future earnings multiple have declined, resulting in a reduced analyst price target from €109.50 to €104.00. Valuation Changes Summary of Valuation Changes for Heineken Holding The Consensus Analyst Price Target has fallen from €109.50 to €104.00.Analysis Article • Sep 04
Heineken Holding (AMS:HEIO) Has A Somewhat Strained Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jul 29
Heineken Holding (AMS:HEIO) Has More To Do To Multiply In Value Going Forward
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Jul 06
Why We're Not Concerned About Heineken Holding N.V.'s (AMS:HEIO) Share Price
When close to half the companies in the Netherlands have price-to-earnings ratios (or "P/E's") below 18x, you may...
New Narrative • Mar 16
Investing In Digital Platforms And Premium Brands Will Expand Presence In Mexico And Brazil
Significant investments in digital platforms aim to boost productivity and customer engagement, potentially improving net margins and revenue growth.Shareholder Returns
| HEIO | NL Beverage | NL Market | |
|---|---|---|---|
| 7D | 5.2% | 4.4% | 6.1% |
| 1Y | -5.0% | -1.0% | 40.5% |
Return vs Industry: HEIO underperformed the Dutch Beverage industry which returned -1% over the past year.
Return vs Market: HEIO underperformed the Dutch Market which returned 40.5% over the past year.
Price Volatility
| HEIO volatility | |
|---|---|
| HEIO Average Weekly Movement | 3.3% |
| Beverage Industry Average Movement | 3.8% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in NL Market | 7.6% |
| 10% least volatile stocks in NL Market | 2.5% |
Stable Share Price: HEIO has not had significant price volatility in the past 3 months compared to the Dutch market.
Volatility Over Time: HEIO's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1864 | 87,870 | Martha Bulhak | www.heinekenholding.com |
Heineken Holding N.V., together with its subsidiaries, engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally. The company’s portfolio consists of approximately 340 international, regional, local, and specialty beers and ciders. The company was founded in 1864 and is based in Amsterdam, the Netherlands.
Heineken Holding N.V. Fundamentals Summary
| HEIO fundamental statistics | |
|---|---|
| Market cap | €17.40b |
| Earnings (TTM) | €952.00m |
| Revenue (TTM) | €28.75b |
18.3x
P/E Ratio0.6x
P/S RatioIs HEIO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HEIO income statement (TTM) | |
|---|---|
| Revenue | €28.75b |
| Cost of Revenue | €18.13b |
| Gross Profit | €10.63b |
| Other Expenses | €9.67b |
| Earnings | €952.00m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 05, 2026
| Earnings per share (EPS) | 3.51 |
| Gross Margin | 36.95% |
| Net Profit Margin | 3.31% |
| Debt/Equity Ratio | 87.4% |
How did HEIO perform over the long term?
See historical performance and comparisonDividends
3.0%
Current Dividend Yield56%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/14 12:29 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Heineken Holding N.V. is covered by 12 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Philip Morrisey | Berenberg |
| Trevor Stirling | Bernstein |
| Javier Gonzalez-Lastra | BNP Paribas |