Heineken NV
AEX:HEIA

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Heineken NV Logo
Heineken NV
AEX:HEIA
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Price: 66.14 EUR 1.88%
Market Cap: €38.1B

EV/IC

1.3
Current
10%
Cheaper
vs 3-y average of 1.4

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
€55.9B
/
Invested Capital
€39.4B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
€55.9B
/
Invested Capital
€39.4B

Valuation Scenarios

Heineken NV is trading below its 3-year average

If EV/IC returns to its 3-Year Average (1.4), the stock would be worth €73.15 (11% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-20%
Maximum Upside
+20%
Average Upside
1%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.3 €66.14
0%
3-Year Average 1.4 €73.15
+11%
5-Year Average 1.5 €79.22
+20%
Industry Average 1 €53.23
-20%
Country Average 1.2 €60.85
-8%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close

Market Distribution

In line with most companies in Netherlands
Percentile
54rd
Based on 560 companies
54rd percentile
1.3
Low
0 — 0.8
Typical Range
0.8 — 1.9
High
1.9 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 0.8
Median 1.2
70th Percentile 1.9
Max 36 345.7

Heineken NV
Glance View

Heineken NV, founded in 1864 by Gerard Adriaan Heineken in Amsterdam, has grown to become one of the leading brewers in the world. This transformation from a local brewery to a global juggernaut showcases Heineken's keen adaptability and strategic foresight. The company's operations stretch across continents, with a portfolio boasting over 300 brands, including its flagship Heineken beer, which enjoys iconic status worldwide. Through strategic acquisitions, such as the purchase of Asia Pacific Breweries and Brazil's Kirin business, Heineken has established a significant presence in emerging markets. This geographical diversity not only shields the company from regional economic downturns but also positions it favorably in burgeoning beer markets where per capita consumption is on the rise. The essence of Heineken's business model lies in the seamless blend of traditional beer brewing heritage with cutting-edge technology and innovation. Heineken thrives on its robust distribution networks and strong brand recognition, ensuring its products are available in over 190 countries. By combining global scale with local market customization, Heineken effectively taps into varying consumer preferences around the world. Beyond beer production, the company capitalizes on brand licensing agreements, joint ventures, and premium product expansions to reinforce its market position. This dynamic approach enables Heineken to maintain steady revenue streams and profitability, drawing from a mosaic of global beer cultures and the evolving tastes of consumers.

HEIA Intrinsic Value
101.12 EUR
Undervaluation 35%
Intrinsic Value
Price €66.14
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