Heineken N.V. (AMS:HEIA)

Heineken Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	36,353	39,093	38,825	51,985	50,559	56,903
Market Cap Growth	-12.39%	0.69%	-25.32%	2.82%	-11.15%	8.35%
Enterprise Value	53,495	56,235	56,345	66,387	63,056	69,639
Last Close Price	65.84	69.74	68.70	91.94	87.88	98.86
PE Ratio	19.78	20.63	39.48	22.48	18.90	17.13
Forward PE	12.75	13.76	14.01	17.24	16.95	25.19
PEG Ratio	1.19	2.59	2.22	1.79	1.03	1.10
PS Ratio	1.26	1.36	1.30	1.71	1.76	2.59
PB Ratio	1.76	2.17	1.98	2.59	2.59	3.28
P/TBV Ratio	2.04	2.16	1.97	2.59	2.59	3.28
P/FCF Ratio	12.63	13.58	11.70	26.04	18.69	19.92
P/OCF Ratio	7.25	7.80	7.06	11.73	11.25	13.61
EV/Sales Ratio	1.86	1.96	1.89	2.19	2.20	3.17
EV/EBITDA Ratio	8.75	9.35	9.20	10.50	10.22	10.81
EV/EBIT Ratio	13.49	16.51	16.02	20.56	14.72	15.53
EV/FCF Ratio	18.58	19.53	16.98	33.26	23.31	24.38
Debt / Equity Ratio	0.94	0.94	0.76	0.62	0.59	0.69
Debt / EBITDA Ratio	3.21	3.21	2.79	2.88	2.66	2.62
Debt / FCF Ratio	6.70	6.70	5.14	9.14	6.05	5.91
Net Debt / Equity Ratio	0.81	0.81	0.75	0.79	0.70	0.79
Net Debt / EBITDA Ratio	2.41	2.41	2.40	2.51	2.21	2.12
Net Debt / FCF Ratio	5.04	5.04	4.43	7.95	5.03	4.77
Asset Turnover	0.53	0.53	0.55	0.56	0.57	0.48
Inventory Turnover	5.40	5.40	5.30	5.76	6.55	6.16
Quick Ratio	0.66	0.66	0.49	0.50	0.51	0.57
Current Ratio	0.93	0.93	0.77	0.77	0.78	0.79
Return on Equity (ROE)	9.94%	9.94%	5.14%	10.74%	14.60%	20.74%
Return on Assets (ROA)	4.52%	4.52%	3.74%	5.72%	6.17%	7.99%
Return on Invested Capital (ROIC)	6.01%	6.01%	4.80%	7.35%	7.98%	10.39%
Return on Capital Employed (ROCE)	8.58%	8.58%	8.81%	8.22%	11.43%	13.09%
Earnings Yield	5.19%	4.85%	2.53%	4.45%	5.29%	5.84%
FCF Yield	7.92%	7.36%	8.55%	3.84%	5.35%	5.02%
Dividend Yield	2.84%	3.29%	3.12%	2.58%	2.17%	1.40%
Payout Ratio	67.69%	67.69%	122.60%	57.94%	40.98%	23.95%
Buyback Yield / Dilution	0.65%	0.64%	0.59%	2.09%	-0.01%	-0.06%
Total Shareholder Return	3.49%	3.93%	3.71%	4.67%	2.16%	1.34%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.