Heineken Holding N.V.

Heineken Holding N.V.

73.53
EUR
+0.28
(+0.38%)
18.32BMarket Cap
Feb 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
66.67
66.86
71.21
72.19
75.02
78.08
83.22
68.45
76.18
99.71
106.92
105.42
102.28
- -
Basic EPS, GAAP
2.37
2.64
3.32
2.7
3.39
3.35
3.77
-0.35
5.77
4.66
4.13
1.76
3.39
- -
Free Cash Flow per Basic Share
5.1
5.23
6.11
6.43
7.11
8.1
7.76
5.19
8.97
8.63
6.17
10.74
9.28
- -
Dividend per Share
2.47
2.51
3.16
3.58
3.51
3.78
4.25
2.82
2.76
3.82
4.7
4.24
4.54
- -
Book Value per Share
19.58
21.37
23.96
23.42
23.5
25.66
27.82
22.95
29.88
33.74
34.41
33.75
31.05
33.36
Tangible Book Value per Share
-35.93
-35.64
-40.58
-38.43
-39.11
-36.2
-34.02
-31.84
-42.31
-40.77
-42.59
-42.97
-40.94
-52.1
Basic Weighted Avg Shares
288
288
288
288
288
288
288
288
288
288
284
283
281
269
Sales/Revenue/Turnover
19,203
19,257
20,511
20,792
21,609
22,489
23,969
19,715
21,941
28,719
30,362
29,821
28,753
- -
Operating Margin (%)
12.12
13.95
12.99
13.03
15.16
13.54
14.76
3.66
13.5
14.4
9.34
11.53
11.26
- -
Depreciation Expense
1,581
1,437
1,594
1,817
1,587
1,693
1,959
2,874
1,948
1,881
3,096
2,556
2,567
- -
Net Income, GAAP
683
760
957
779
977
966
1,087
-102
1,663
1,343
1,174
498
952
- -
Effective Tax Rate (%)
24.68
30
24.56
27.9
25.96
26.04
27.71
156.05
18.44
27.12
4.8
42.15
28.61
- -
Profit Margin (%)
3.56
3.95
4.67
3.75
4.52
4.3
4.54
-0.52
7.58
4.68
3.87
1.67
3.31
- -
Working Capital
-2,508
-2,446
-2,602
-2,260
-2,210
-1,304
-3,888
-1,848
-2,516
-3,175
-3,426
-3,339
-996
-4,053
LT Debt
9,806
9,491
10,626
10,944
12,166
12,628
13,366
14,616
13,640
12,893
14,046
13,783
16,191
16,290
Total Equity
12,356
13,452
15,070
14,573
14,521
15,708
17,311
14,392
19,700
21,920
22,394
22,104
20,335
21,375
Return on Invested Capital (%)
7.42
7.64
8.22
6.58
8.15
7.31
7.76
-1.26
10.22
8.05
7.49
4.89
5.92
- -
Return on Capital (%)
1.05
0.7
0.44
0.52
0.62
0.75
0.66
-1.24
0.55
0.01
1.49
0.61
0.57
- -
Return on Common Equity (%)
11.98
12.94
14.87
11.67
14.77
13.92
14.27
-1.4
21.89
14.69
12.09
5.17
10.48
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
4,090
3,088
4,354
LT Borrowings
- -
15,021
- -
LT Finance Leases
- -
1,170
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
282
278
275
Market Capitalization
17,868
17,317
18,316

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
11,091
12,936
12,237
Cash, Cash Equivalents & STI
2,078
4,816
2,844
Accounts Receivable, Net
5,207
3,070
5,297
Inventories
3,463
3,263
3,535
Total Current Liabilities
14,864
13,932
16,290
Payables & Accruals
- -
- -
- -
ST Debt
4,090
3,088
4,354
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.89%
8.2%
-8%
Free Cash Flow
9.12%
19.73%
-14.09%
Net Income, GAAP
-181.98%
-345.73%
91.16%
Sales/Revenue/Turnover
4.07%
8.51%
-3.58%
Total Cash Common Dividend
5.17%
10.78%
6.42%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
29,821
2025
- -
- -
28,753
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.76
2025
- -
- -
3.39
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4.24
2025
- -
- -
4.54
2026
- -
- -
- -

Company Description

CEO
Martha Bulhak
Full Time Employees
87,870
Sector
Consumer non-durables
Industry
Beverages: alcoholic
Address
Tweede Weteringplantsoen 5 Amsterdam NH Netherlands 1017 ZD
IPO Date
Jan 2, 1985
Business
Heineken Holding N.V. is a Netherlands-based investment company primarily engaged in owning a significant stake in Heineken N.V., one of the world's largest global brewers. The company’s core business involves holding interests in breweries, with a focus on the brewing, marketing, and distribution of beer and cider products. Heineken N.V., the operational company in which Heineken Holding N.V. owns a controlling interest, produces and sells international and local beer brands including Heineken, Amstel, Desperados, Sol, and Birra Moretti. Its product portfolio encompasses pilsners, lagers, and specialty beers; cider beverages; and non-alcoholic malt beverages. These products are distributed across Europe, the Americas, Asia-Pacific, Africa, and the Middle East. Founded in 1873 and headquartered in Amsterdam, Netherlands, Heineken Holding N.V. acts as the principal shareholder of Heineken N.V., focusing on long-term value creation through strategic management of its investment. The company does not engage in day-to-day brewing operations but influences strategic direction and corporate governance of the operational Heineken business. Its global footprint supports a diversified consumer base ranging from retail chains and hospitality sectors to regional distributors. In recent years, Heineken Holding N.V. has overseen significant corporate developments, including strategic partnerships and acquisitions by Heineken N.V. that broadened the product portfolio and expanded geographic reach. Major moves include the acquisition of craft and specialty beer brands to capitalize on evolving consumer preferences and growth in emerging markets. The company’s latest strategic focus emphasizes sustainable brewing practices and innovation in product offerings such as low-alcohol and alcohol-free beers, reflecting industry trends and regulatory shifts. No recent changes have altered the holding company’s name or fundamental structure, preserving its role as a core shareholder entity in the Heineken Group. Through this structure, Heineken Holding N.V. maintains a critical position in the global beverage industry, supporting a diversified portfolio of alcoholic and non-alcoholic beverages, and continues to leverage its long-standing brewing heritage since 1873, with operations managed by its primary subsidiary headquartered in Amsterdam, the Netherlands.

Company News

  • Heineken ordered to pay €111 million in damages, interest to Greek rival

  • Heineken® teams up with Amazon to launch "Pubscription"

  • ‘US Consumption of Alcoholic Beverages Is at Historic Lows': Heineken Hires GLP-1 Pitchwoman to Sell Beer

  • Heineken: The Turnaround Is Brewing, But The Upside Looks Limited

  • Heineken Holding N.V. (HKHHY) Q2 2026 Earnings Call Transcript

  • Heineken Books Faster Volume Growth

  • Heineken first-half profit rises as 3,000 jobs slashed

  • HEINEKEN HOLDING N.V. REPORTS 2026 HALF YEAR RESULTS

  • F1 BUSINESS SUMMIT RETURNS TO FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX WEEKEND, NOVEMBER 19

  • Heineken is Trying a Heat Battery to Generate Steam for its Brewing

  • Heineken Holding N.V. reports transactions under its current share buyback programme

  • Heineken Calls on Brandon Burgess, Max Verstappen and Other Famous F1 Faces to Launch Search for the 2027 Heineken® x F1® Season Ticket Holder

  • Heineken's New CEO Is an Outsider Who Will Battle Slower Beer Demand

  • Heineken Appoints JDE Peet's Boss to Fill Vacant CEO Chair

  • Heineken names Rafael Oliveira as CEO

  • Why Diageo, Heineken and Anheuser-Busch are battling falling alcohol demand

  • THE MATCH WE'VE ALL BEEN WAITING FOR: Heinz and Heineken® finally make it official

  • Heineken® Takes Over “Oslo” for Women’s Champions League Final to Pour Profits Back Into the Game

  • Heineken® Takes Over “Oslo” for Women's Champions League Final to Pour Profits Back Into the Game

  • Heineken Holding N.V. reports transactions under its current share buyback programme