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	Mar '26 Mar 5, 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	19,016	17,412	16,364	22,063	20,753	23,374
Market Cap Growth	-1.64%	6.41%	-25.83%	6.31%	-11.21%	5.32%
Enterprise Value	45,184	44,282	44,872	52,011	46,517	46,722
Last Close Price	68.85	62.15	56.45	72.44	66.96	74.79
PE Ratio	19.98	18.29	32.86	18.79	15.45	14.06
PS Ratio	0.66	0.61	0.55	0.73	0.72	1.07
PB Ratio	0.94	0.86	0.74	0.99	0.95	1.19
P/FCF Ratio	6.61	6.05	4.93	11.05	7.67	8.18
P/OCF Ratio	3.79	3.47	2.97	4.98	4.62	5.59
EV/Sales Ratio	1.57	1.54	1.51	1.71	1.62	2.13
EV/EBITDA Ratio	7.28	7.89	7.89	9.37	8.19	9.87
EV/EBIT Ratio	11.14	11.65	11.70	13.46	11.51	14.35
EV/FCF Ratio	15.69	15.38	13.52	26.06	17.20	16.35
Debt / Equity Ratio	0.95	0.95	0.77	0.81	0.75	0.86
Debt / EBITDA Ratio	3.24	3.24	2.84	3.12	2.76	3.38
Debt / FCF Ratio	6.70	6.70	5.14	9.14	6.05	5.91
Net Debt / Equity Ratio	0.71	0.71	0.67	0.71	0.62	0.69
Net Debt / EBITDA Ratio	2.58	2.58	2.58	2.86	2.40	2.88
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	0.48
Inventory Turnover	5.30	5.30	5.22	5.64	6.44	6.06
Quick Ratio	0.65	0.65	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)	10.08%	10.08%	5.22%	10.84%	14.60%	20.74%
Return on Assets (ROA)	4.44%	4.44%	4.43%	4.51%	4.99%	4.45%
Return on Invested Capital (ROIC)	7.80%	7.58%	5.91%	9.97%	8.55%	8.58%
Return on Capital Employed (ROCE)	9.60%	9.60%	9.80%	9.70%	10.60%	8.90%
Earnings Yield	5.01%	5.47%	3.04%	5.32%	6.47%	7.12%
FCF Yield	15.14%	16.53%	20.28%	9.05%	13.04%	12.22%
Dividend Yield	2.62%	3.06%	3.29%	2.39%	2.58%	1.66%
Payout Ratio	134.03%	134.03%	240.76%	113.71%	81.83%	47.87%
Buyback Yield / Dilution	0.62%	0.62%	0.39%	1.41%	-	-
Total Shareholder Return	3.24%	3.68%	3.68%	3.80%	2.58%	1.66%

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