Heineken 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	Mar '26 Mar 3, 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 Capitalization	42,633	38,598	38,487	52,101	50,583	56,918
Market Cap Growth	-1.87%	0.29%	-26.13%	3.00%	-11.13%	8.46%
Enterprise Value	59,775	56,641	57,381	72,452	66,688	72,907
Last Close Price	77.26	69.22	-	92.88	92.88	92.88
PE Ratio	22.62	20.48	39.35	22.61	18.86	17.12
PS Ratio	1.48	1.34	1.29	1.72	1.76	2.59
PB Ratio	2.07	1.87	1.72	2.29	2.31	2.89
P/FCF Ratio	14.81	13.41	11.60	26.10	18.70	19.92
P/OCF Ratio	8.51	7.70	6.99	11.76	11.25	13.61
EV/Sales Ratio	2.08	1.97	1.92	2.39	2.32	3.32
EV/EBITDA Ratio	9.78	10.26	10.16	13.19	11.72	16.05
EV/EBIT Ratio	15.08	15.27	15.13	19.02	16.49	23.89
EV/FCF Ratio	20.76	19.67	17.29	36.30	24.65	25.52
Debt / Equity Ratio	0.94	0.94	0.76	0.80	0.75	0.86
Debt / EBITDA Ratio	3.29	3.29	2.86	3.15	2.75	3.50
Debt / FCF Ratio	6.70	6.70	5.14	9.14	6.05	5.91
Net Debt / Equity Ratio	0.70	0.70	0.66	0.70	0.62	0.69
Net Debt / EBITDA Ratio	2.63	2.63	2.60	2.89	2.39	3.00
Net Debt / FCF Ratio	5.04	5.04	4.43	7.95	5.03	4.77
Asset Turnover	0.54	0.54	0.55	0.56	0.57	0.48
Inventory Turnover	5.30	5.30	5.22	5.64	6.44	6.06
Quick Ratio	0.64	0.64	0.46	0.48	0.49	0.55
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)	4.31%	4.31%	4.35%	4.43%	4.99%	4.17%
Return on Invested Capital (ROIC)	7.54%	7.33%	5.79%	9.78%	8.56%	8.04%
Return on Capital Employed (ROCE)	9.30%	9.30%	9.60%	9.40%	10.60%	8.30%
Earnings Yield	4.42%	4.88%	2.54%	4.42%	5.30%	5.84%
FCF Yield	6.75%	7.46%	8.62%	3.83%	5.35%	5.02%
Dividend Yield	2.44%	2.74%	-	1.86%	1.86%	1.33%
Payout Ratio	67.69%	67.69%	122.60%	57.94%	40.98%	23.95%
Buyback Yield / Dilution	0.65%	0.65%	0.59%	2.09%	-0.01%	-0.06%
Total Shareholder Return	3.08%	3.39%	0.59%	3.95%	1.85%	1.27%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.