Heineken Holding N.V.
HKHHF
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+ FollowMarket Cap$20.91B
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Earnings Call Q4 2025
February 11, 2026 - AI Summary
Balanced Performance Amidst Challenges: In 2025, Heineken achieved a net revenue increase of 1.6% despite a total volume decline of 1.2%. The company's growth was supported by strong pricing and positive mix, with operating profit growing 4.4% and net profit up 4.9%. The effective cost-saving measures contributed significantly to margin expansion.
Forecast for 2026: Heineken anticipates organic operating profit growth of 2% to 6% for 2026, considering the cautious macroeconomic environment. The company plans to accelerate execution of its EverGreen 2030 strategy and invest behind growth while implementing cost interventions to enhance profitability.
Dividend Increase and Policy Adjustment: Heineken proposed a total dividend of EUR 1.90 per share, reflecting a 2% increase. The payout ratio is set at 39% of net profit, with a future range adjustment to 30%-50%, signaling a commitment to returning value to shareholders while balancing growth investments.
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$158.83
105.3% upside
Current Fair Value
105.3% upsideUndervalued by 105.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $20.91 Billion |
|---|---|
| Enterprise Value | $36.84 Billion |
| Dividend Yield | $2.40 (3.00%) |
| Earnings per Share | $3.39 |
| Beta | 0.62 |
| Outstanding Shares | 262,520,514 |
Return
| Return on Equity | 16.80% |
|---|---|
| Return on Assets | 2.71% |
| Return on Invested Capital | 15.75% |
Valuation & Multiples
| P/E Ratio | 23.53 |
|---|---|
| PEG | 498.29 |
| Price to Sales | 0.35 |
| Price to Book Ratio | 1.0 |
| Enterprise Value to Revenue | 0.63 |
| Enterprise Value to EBIT | 5.91 |
| Enterprise Value to Net Income | 25 |
| Total Debt to Enterprise | 0.56 |
| Debt to Equity | 2.4 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
February 11, 2026
EPS Estimate
-
Average shareholder expectationRevenue Estimate
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Average shareholder expectationNext Earnings Call
Expected Date
August 5, 2026
EPS Estimate
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Average shareholder expectationRevenue Estimate
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Average shareholder expectationInstitutional Sentiment (Put/Call)
No data available for the latest quarter.
Institutional Ownership
No data available for the latest quarter.
ESG Score
No data
About Heineken Holding NV
CEO: Jean-François M. L. van Boxmeer Heineken Holding NV engages in the management and supervision of the Heineken group, and production and distribution of beer and other beverage products. It operates through the following segments: Europe, Americas, Africa, Middle East a...