Heineken Holding Ratios and Metrics

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 8, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	17,290	17,345	16,364	21,668	20,753	23,374
Market Cap Growth	-8.04%	5.99%	-24.48%	4.41%	-11.21%	5.32%
Enterprise Value	43,458	40,425	40,355	45,998	46,591	48,106
Last Close Price	64.45	62.40	57.85	76.60	72.05	81.15
PE Ratio	18.43	18.41	32.87	18.59	15.46	14.06
Forward PE	10.97	14.11	14.11	14.34	13.36	20.87
PEG Ratio	-	1.18	1.18	1.18	1.18	1.84
PS Ratio	0.60	0.60	0.55	0.70	0.72	1.00
PB Ratio	0.85	2.01	1.71	2.23	2.14	2.72
P/TBV Ratio	2.10	2.03	1.71	2.24	2.14	2.72
P/FCF Ratio	6.01	6.02	4.93	10.86	7.67	8.18
P/OCF Ratio	3.45	3.46	2.97	4.89	4.62	5.59
EV/Sales Ratio	1.51	1.40	1.35	1.50	1.61	2.05
EV/EBITDA Ratio	7.00	6.72	6.59	7.27	7.55	7.47
EV/EBIT Ratio	10.71	11.87	11.47	14.25	10.88	10.73
EV/FCF Ratio	15.09	14.04	12.16	23.05	17.22	16.84
Debt / Equity Ratio	0.80	0.80	0.62	0.63	0.75	0.86
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	1.68	1.68	1.54	1.63	1.40	1.59
Net Debt / EBITDA Ratio	2.40	2.40	2.40	2.51	2.21	2.12
Net Debt / FCF Ratio	5.02	5.02	4.43	7.95	5.03	4.77
Asset Turnover	0.54	0.54	0.55	0.57	0.57	0.51
Inventory Turnover	5.40	5.40	5.30	5.76	6.55	6.16
Quick Ratio	0.67	0.67	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)	10.08%	10.08%	5.22%	10.84%	14.60%	20.74%
Return on Assets (ROA)	4.55%	4.55%	3.76%	5.74%	6.17%	7.99%
Return on Invested Capital (ROIC)	6.05%	6.05%	4.83%	7.38%	7.98%	10.39%
Return on Capital Employed (ROCE)	8.65%	8.65%	8.88%	8.26%	11.43%	13.09%
Earnings Yield	5.51%	5.43%	3.04%	5.38%	6.47%	7.11%
FCF Yield	16.65%	16.60%	20.28%	9.21%	13.03%	12.22%
Dividend Yield	3.02%	7.27%	7.33%	6.14%	5.30%	3.41%
Payout Ratio	56.10%	134.03%	240.76%	113.71%	81.83%	47.87%
Buyback Yield / Dilution	0.62%	0.62%	0.38%	1.41%	0.00%	0.00%
Total Shareholder Return	3.65%	7.90%	7.71%	7.55%	5.30%	3.41%

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