Heineken Holdings - ADR

HKHHY

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Market Cap$22.75B

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Compare to Similar Companies

	P/E Ratio	Dividends	Return on Equity	Price-to-Sales	Debt-to-Equity
Heineken Holdings - ADR	20.4	2.81%	22%	0.4	2.3

Earnings Call Q4 2025

February 11, 2026 - AI Summary

Mixed Financial Performance: In 2025, Heineken reported a net revenue increase of 1.6% with a total volume decline of 1.2%. Operating profit grew by 4.4% to EUR 4.4 billion, while net profit increased by 4.9% to EUR 2.66 billion. This reflects a challenging market environment, particularly in the Americas and Europe, but strong growth in APAC and Africa.

Growth Forecasts: For 2026, Heineken expects organic operating profit growth to range between 2% and 6%, citing ongoing macroeconomic uncertainties and consumer spending challenges. The FIFCO acquisition completed in January is anticipated to contribute an accretive 2% to 3% EPS growth in the same year.

Pricing Strategy and Market Share: The company implemented price increases in the Americas, particularly towards the end of 2025, to counteract input cost inflation, which has affected demand and market share. While there was a decrease in market share in Mexico during Q4, Heineken remains optimistic about its overall competitive position moving forward.

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$91.36

Current Fair Value

119.6% upside

Undervalued by 119.6% based on the discounted cash flow analysis.

Share Statistics

Market cap	$22.75 Billion
Enterprise Value	$40.95 Billion
Dividend Yield	$1.22 (2.81%)
Earnings per Share	$1.7
Beta	0.62
Outstanding Shares	550,951,864

Return

Return on Equity	22.48%
Return on Assets	3.58%
Return on Invested Capital	15.20%

Valuation & Multiples

P/E Ratio	20.38
PEG	41.39
Price to Sales	0.39
Price to Book Ratio	1.1
Enterprise Value to Revenue	0.7
Enterprise Value to EBIT	6.5
Enterprise Value to Net Income	19
Total Debt to Enterprise	0.51
Debt to Equity	2.29

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date

December 30, 2025

EPS Estimate

Average shareholder expectation

Revenue Estimate

Average shareholder expectation

Institutional Sentiment (Put/Call)

No data available for the latest quarter.

Institutional Ownership