Stocktoria
Heineken N.V. HEIA.AS
Heineken N.V. statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€49.63); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
Heineken N.V. trades at about 21.9× earnings — near its 10-year norm (10-year range 19.7×–38.6×, median 22.8×).
Shaded band = 10-year range (19.7×–38.6×); dot = today's 21.9×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Gross margin | 35.8% | 35.2% | 33.9% | 35.2% |
| Operating margin | 11.6% | 11.7% | 10.2% | 14.7% |
| Net margin | 6.6% | 3.3% | 7.6% | 9.3% |
| FCF margin | 9.1% | 10.2% | 5.8% | 8.7% |
| Return on assets | 3.5% | 1.8% | 4.2% | 5.1% |
| Return on equity | 10.5% | 5.0% | 11.5% | 13.7% |
| Debt / equity | 0.84× | 0.65× | 0.65× | 0.61× |
| Current ratio | 0.93 | 0.77 | 0.77 | 0.78 |
Computed from company filings · NL · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.