1. Malaysia Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
Heineken Malaysia Bhd.

Heineken Malaysia Bhd.

MMYX:HEIM
13.16
MYR
+0.16
(+1.23%)
19.80P/E
Nov 05Next Earn
Heineken Malaysia Bhd.
MYX:HEIM
(Bursa Malaysia)

Recent

price

13.16

P/E

ratio

19.80

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
MYR
4.25
4.5
4.93
5.37
5.55
5.33
5.79
6.39
6.72
7.68
5.83
6.55
9.45
8.73
9.26
9.26
6.42
Revenue per Share
0.47
0.51
0.6
0.69
0.72
0.66
0.71
0.89
0.94
1.04
0.51
0.81
1.37
1.28
1.55
1.52
0.98
Basic EPS, GAAP
0.29
0.35
0.54
0.4
0.6
0.65
0.85
0.93
0.88
1
0.55
0.78
0.96
1.47
1.44
1.28
1.24
Free Cash Flow per Basic Share
0.37
0.41
0.45
1.14
0.75
0.68
0.65
1
0.9
0.96
0.66
0.66
1.06
1.38
1.28
1.55
0.4
Dividend per Share
1.46
1.56
1.71
1.26
1.21
1.18
1.25
1.19
1.23
1.3
1.16
1.31
1.62
1.52
1.79
1.76
1.15
Book Value per Share
1.44
1.52
1.68
1.17
1.09
1.05
1.13
1.12
1.16
1.24
1.1
1.26
1.55
1.45
1.72
1.68
1.07
Tangible Book Value per Share
302
302
302
302
302
302
302
302
302
302
302
302
302
302
302
302
302
Basic Weighted Avg Shares
1,285
1,359
1,489
1,624
1,676
1,611
1,749
1,930
2,030
2,320
1,762
1,979
2,855
2,638
2,797
2,798
1,938
Sales/Revenue/Turnover
14.69
14.97
16.16
17.07
17.46
16.8
16.89
18.98
18.88
17.86
12.37
16.37
20.88
19.65
21.3
22.09
20.72
Operating Margin (%)
29
31
38
34
41
41
42
51
46
57
69
71
79
75
91
96
69
Depreciation Expense
142
153
181
207
218
198
214
270
283
313
154
246
413
387
467
459
296
Net Income, GAAP
25.73
25.51
25.32
25.12
24.64
25.43
26.75
25.64
25.8
24.06
22.4
23.57
30.56
24.29
20.12
24.41
24.58
Effective Tax Rate (%)
11.05
11.24
12.18
12.77
12.98
12.31
12.25
13.99
13.92
13.49
8.75
12.41
14.46
14.66
16.69
16.41
15.29
Profit Margin (%)
237
263
310
298
275
174
195
104
69
39
-1
3
-19
-122
-63
-80
-234
Working Capital
- -
- -
- -
150
150
50
50
- -
- -
3
7
5
3
5
6
5
3
LT Debt
442
471
517
380
366
357
376
361
371
394
349
396
488
459
539
531
347
Total Equity
32.12
32.65
36.4
37.82
40.15
39.65
45.4
58.8
58.66
61.72
29.66
41.79
66.19
61.37
77.3
70.76
78.17
Return on Invested Capital (%)
33.39
33.5
36.8
38.45
40.7
39.86
45.57
59.88
60.83
64.72
29.07
42.38
67.54
62.08
77.39
70.91
79.35
Return on Capital (%)
33.27
33.44
36.73
46.28
58.4
54.88
58.45
73.32
77.23
81.8
41.48
65.95
93.39
81.68
93.54
85.85
79.54
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
155
5
5
LT Borrowings
- -
- -
- -
LT Finance Leases
5
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
302
302
302
Market Capitalization
6,936
6,827
5,867

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
707
636
622
Cash, Cash Equivalents & STI
15
127
117
Accounts Receivable, Net
497
370
330
Inventories
149
128
161
Total Current Liabilities
787
595
856
Payables & Accruals
- -
- -
- -
ST Debt
155
5
5
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.57%
9.32%
-1.58%
Free Cash Flow
10.86%
21.19%
-11.17%
Net Income, GAAP
13.9%
28.03%
-1.59%
Sales/Revenue/Turnover
6.94%
11.01%
0.06%
Total Cash Common Dividend
- -
- -
21.09%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
789
565
619
823
2,797
2025
764
540
- -
839
2,798
2026
664
435
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.41
0.3
0.37
0.47
1.55
2025
0.4
0.27
- -
0.47
1.52
2026
0.35
0.17
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.4
1.28
2025
- -
- -
- -
0.4
1.55
2026
- -
- -
- -
- -
- -
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Business
Heineken Malaysia Berhad (HEINEKEN Malaysia) is a leading brewer in Malaysia that produces, packages, markets and distributes a portfolio of premium beer, stout, cider and non-alcoholic malt beverages primarily in the domestic market. The company brews and sells the world's No. 1 international premium beer Heineken and dealcoholised Heineken 0.0; the iconic Asian lager Tiger Beer, crystal-cold filtered Tiger Crystal and bold Tiger Soju Flavoured Lager; the world's No. 1 stout Guinness and smooth creamy Guinness Draught in a Can; premium wheat beer Edelweiss and peach-infused Edelweiss Peach; New Zealand-inspired cider Apple Fox Cider; local favourite Anchor Smooth; premium Irish ale Kilkenny; real shandy Anglia; and wholesome non-alcoholic Malta; while also importing and distributing brands such as Paulaner, Kirin Ichiban and Strongbow Apple Ciders. Incorporated in 1964 and listed on the Main Market of Bursa Malaysia since 1965, HEINEKEN Malaysia, headquartered at the Sungei Way Brewery in Petaling Jaya, Selangor, employs over 500 people across its headquarters, brewery and 13 sales offices throughout Peninsular and East Malaysia, with subsidiaries including Heineken Marketing Malaysia Sdn. Bhd. for marketing and distribution and Ramaha Corporation (M) Sdn. Bhd. for property holding and land development. The company operates as a 51%-owned subsidiary of GAPL Pte Ltd, which is wholly owned by Heineken N.V., following the name change from Guinness Anchor Berhad in April 2016 after Heineken N.V.'s acquisition of Diageo Plc's stakes in GAPL in October 2015. Recent developments include the launch of Edelweiss Lemon Honey flavour and Tiger Crystal Coldpot in 2025; installation of 3,500 mono-perc solar panels at the Sungei Way Brewery in 2024 to support sustainability goals; ongoing investments in digital infrastructure, data-driven decision-making and agile practices under the EverGreen strategy; and strategic adaptations to macroeconomic headwinds and an excise duty increase on alcohol products effective November 1, 2025, while maintaining focus on core business strengthening and operational efficiency.