Heineken NV

Netherlands Country flag Netherlands
Sector: Brewers
Ticker: HEIA
ISIN: NL0000009165
Factsheet Factsheet

Market multiple valuation of Heineken NV ( HEIA | NLD)

The most common multiple used in the valuation of stocks is the P/Earnings NTM multiple (Price to Earnings). P/E relates the current share price with the market expectations in terms of Earnings Per Share. This multiple is used to compare a company's market value with its earnings. A company with a high P/Earnings NTM is considered to be overvalued; a company with a low P/Earnings NTM is considered to be undervalued.
The P/Earnings NTM ratio of Heineken NV is slightly lower than the median of its peer group: around 21.00. The company valuation of Heineken NV according to these metrics is consistent with the market valuation of its peer group.
The P/Earnings NTM ratio of Heineken NV is slightly higher than the average of its sector (Brewers): 20.64. The company valuation of Heineken NV according to these metrics is consistent with the market valuation of its sector.
The P/Earnings NTM ratio of Heineken NV is higher than its historical 5-year average: 19.8. The (current) company valuation of Heineken NV is therefore above its valuation average over the last five years.

Valuation
P/E Last P/E (e) 2019P/E NTM
Heineken NVFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Brewers20.6222.4920.64
AEX 2514.5114.8517.79
Netherlands11.6813.8712.98
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Beta (Ref: AEX 25)
Levered betaUnlevered beta
1-Year0.810.70
2-Year0.780.67
3-Year0.780.67
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Stock Perf excl. Dividends (in EUR)
HEIAAEX 25Rel. Perf.
Year-to-Date29.7%17.2%12.5%
1-Week0.8%0.8%-0.0%
1-Month2.4%1.9%0.5%
1-Year8.9%0.3%8.7%
3-Year21.2%27.7%-6.5%
5-Year87.2%41.4%45.8%
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International Peers - Heineken NV
Company NameCtryMarket
Cap.
last (mUSD)
Heineken NVNLD64 362
International Peers Median0.67
Molson Coors Brewing Co...USA11 881
The Boston Beer Company...USA5 025
Heineken Holding N.V.NLD30 105
Diageo plcGBR100 865
Carlsberg A/SDNK20 528
GPRV Analysis
Heineken NV
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
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Quotes Chart

1-Year Rebased Stock Chart

  • Heineken NV
  • AEX 25
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Did you know ?

On the Infront Analytics platform, there are two ways to identify the listed peers which most closely resemble a private firm:
- with Peer Tracker if you already know a listed peer.
Peer Tracker is a patented technology tool for building peer groups using industry classifications. The degree of similarity between two companies is calculated comparing their sector footprints and measured using comparability scores.
- with Market Screener if you have no listed peer in mind.
Market Screener is a dedicated interface for screening companies using multiple criteria, identifying peers, searching for comparable companies in a specific business sector.

About Market Multiples

Many methods can be used to value a company. In reality, business valuation is often a combination of these different approaches. One of the most widely used quantitative methods is the market multiples method. The market valuation is utilized generally as a primary market input, to provide an objective starting point for the valuation. Put simply, this method multiplies the sales or profits of a business by an industry averaged multiplier to calculate the Market Value of the business.
Current multiples include:
- Historical multiples based on standardized financials for the last completed fiscal period: Last, Last Twelve Months (LTM);
- Forward multiples based on consensus estimates for the current fiscal period and next ones: Next Twelve Months (NTM), FY0, FY1.
Current multiples based on per-share metrics (such as earnings per share or book value per share) are calculated using the last closing price, while current multiples based on company-level metrics (such as net sales, EBIT or EBITDA) are calculated using the current market cap or EV (Enterprise Value).