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HKHHF US​

Heineken Holding N V(HKHHF US)

$81.86+0.000.00%Ext:$83.06+1.201.46%(Market Closed · 20:00:00 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Heineken Holding N V — Company Profile

Heineken Holding N.V., operating through its network of subsidiary companies, is fundamentally engaged in the manufacture and sale of alcoholic beverages, specifically beers and ciders. The firm boasts a comprehensive range of products, encompassing approximately 300 distinct international, regional, local, and specialized beer and cider brands. Its extensive market reach spans multiple continents, including Africa, the Middle East, Europe, the Americas, and the Asia Pacific region. The company was founded in 1864 and maintains its principal base of operations in Amsterdam, the Netherlands. Ultimately, Heineken Holding N.V. operates as an owned entity under L'Arche Green N.V.

Exchange
UU
CEO
Martha Bulhak
Headquarters
Amsterdam, P7, NL
IPO Date
Jun 24, 2008
Employees
88,497
Website
www.heinekenholding.com

Key Metrics

Price
$71.13
Market Cap
$19.55B
Revenue (TTM)
$28.75B
Net Income (TTM)
$952.00M
EPS (TTM)
3.39
P/E (TTM)
0.00
P/B (TTM)
2.27
Dividend Yield
3.48%
ROE (TTM)
11.03%
ROA (TTM)
1.78%
Operating Margin
11.85%
Beta
0.43

Dividends

Last Dividend
$1.55
Last Yield
0.03%

Summary

Heineken Holding N.V., operating through its network of subsidiary companies, is fundamentally engaged in the manufacture and sale of alcoholic beverages, specifically beers and ciders. The firm boasts a comprehensive range of products, encompassing approximately 300 distinct international, regional, local, and specialized beer and cider brands. Its extensive market reach spans multiple continents, including Africa, the Middle East, Europe, the Americas, and the Asia Pacific region. The company was founded in 1864 and maintains its principal base of operations in Amsterdam, the Netherlands. Ultimately, Heineken Holding N.V. operates as an owned entity under L'Arche Green N.V.

Website
www.heinekenholding.com
Location
Amsterdam, P7, NL
Phone31 20 622 1152
Employees88,497
CEOMartha Bulhak
IPO DateJun 24, 2008

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Latest Documents

SEC Filings(62)

Expand
  • F-6 POSPost-effective amendment (depository shares)3 Apr 2025
  • EFFECTNotice of effectiveness11 Dec 2012
  • F-6Registration statement (depository shares)4 Dec 2012
  • ARSAUTO-GENERATED PAPER DOCUMENT18 Jun 2012
  • SUPPLAUTO-GENERATED PAPER DOCUMENT27 Aug 2010
  • SUPPLAUTO-GENERATED PAPER DOCUMENT27 Apr 2010
  • ARSAUTO-GENERATED PAPER DOCUMENT6 Apr 2010
  • SUPPLAUTO-GENERATED PAPER DOCUMENT26 Mar 2010
  • SUPPLAUTO-GENERATED PAPER DOCUMENT25 Feb 2010
  • SUPPLAUTO-GENERATED PAPER DOCUMENT25 Jan 2010
  • SUPPLAUTO-GENERATED PAPER DOCUMENT2 Nov 2009
  • SUPPLAUTO-GENERATED PAPER DOCUMENT28 Aug 2009
  • SUPPLAUTO-GENERATED PAPER DOCUMENT4 May 2009
  • SUPPLAUTO-GENERATED PAPER DOCUMENT1 May 2009
  • SUPPLAUTO-GENERATED PAPER DOCUMENT16 Apr 2009
  • ARSAUTO-GENERATED PAPER DOCUMENT2 Apr 2009
  • SUPPLAUTO-GENERATED PAPER DOCUMENT30 Mar 2009
  • SUPPLAUTO-GENERATED PAPER DOCUMENT24 Feb 2009
  • SUPPLAUTO-GENERATED PAPER DOCUMENT12 Sep 2008
  • SUPPLAUTO-GENERATED PAPER DOCUMENT4 Sep 2008

Mentions in Filings

  • … tion (*sociedad por acciones*) whose current controller is Heineken International B.V., a Dutch limited liability company, subsidiary of Heineken N.V. The majority shareholder of Heineken N.V. is the Dutch company <strong>Heineken Holding N.V.</strong>, a Dutch subsidiary of L'Arche Green N.V., which is a subsidiary of L'Arche Holdings B.V., the latter ultimately controlled by Mrs. C.L. de Carvalho-Heineken. Currently, Quiñenco and Heineken Chile SpA, are the onl …
    UNITED BREWERIES CO INCHeineken Holding N V·20-F - Annual report (foreign private issuer) FY 2025·FY25·29 Apr
  • … mpleted an offering of senior unsecured exchangeable bonds for a principal amount of €500 million, which has since been paid, through a wholly owned subsidiary, exchangeable into existing issued ordinary shares of <strong>Heineken Holding N.V.</strong> As a result, FEMSA’s appointed directors resigned from Heineken’s Board of Directors and, at that point, we lost significant influence over Heineken. In May 2023, we completed an additional sale of equity interests …
    MEXICAN ECONOMIC DEVELOPMENT INCHeineken Holding N V·20-F - Annual report (foreign private issuer) FY 2025·FY25·24 Apr
  • … isk Committee NomGov = Nomination and Governance Committee RemCo = Remuneration Committee Committees NomGov (Chair) Appointed: 23 September 2025 Born in: 1961 Current Appointments • Chair, Vodafone Group Plc • NED <strong>Heineken Holding N.V.</strong> until 23 April 2026 • Member, Henkel AG & Co. KGaA Shareholders’ Committee until 27 April 2026 • Chair, European Roundtable for Industry Prior Experience • NED Mondelēz International (2020- 2024) • 36 years at Hein …
    Magnum Ice Cream Co N.V.Heineken Holding N V·20-F - Annual report (foreign private issuer) FY 2025·FY25·18 Mar
  • … and repayment of the outstanding principal of our €500 million exchangeable bonds. These bonds, originally issued in February 2023 as part of the FEMSA *Forward* strategy, were exchangeable into ordinary shares of <strong>Heineken Holding N.V.</strong> At maturity, the outstanding principal amount was repaid; this transaction marks the conclusion of the specific exchangeable debt instrument linked to the divestment process initiated in 2023. We paid a total of ap …
    MEXICAN ECONOMIC DEVELOPMENT INCHeineken Holding N V·EX-99.1 - 6-K - EXHIBIT 99.1·Q1 26·25 Feb
  • … proved extended payment terms, each Receivable set forth on the Schedule of Accounts is based on the actual sale and delivery of goods and/or services actually rendered on terms not to exceed sixty (60) days (or, for <strong>Heineken Holding</strong> NV or any of its subsidiaries, affiliates, or divisions, not to exceed one hundred twenty (120) days from the date of issuance of such invoice; 6.1.4.2 does not represent a sale to a parent, subsidiary or affiliate …
    Fluent, Inc.Heineken Holding N V·EX-10.01 - 8-K - Entry into a Material Definitive Agreement·Q4 25·2 Dec 2025
  • Jean-François van Boxmeer is the Chair of the Company, based in Amsterdam, The Netherlands. He is currently the Chair of Vodafone Group Plc, a Non-Executive Director on the Board of <strong>Heineken Holding N.V.</strong>, a member of the Shareholders’ Committee of Henkel AG & Co. KGaA and the Chair of the European Roundtable for Industry. Earlier in his career Jean-François spent 36 years at Heineken N.V., a global brewing company, serving in a variety of managem …
    Magnum Ice Cream Co B.V.Heineken Holding N V·20FR12B - Registration of securities (foreign)·Q4 25·4 Nov 2025

Key Stats

Trading

Px/Chg 1D$71.13 / -5.45%
Avg Volume1.43K
Beta0.43
Mkt Cap19.55B
FD Mkt Cap21.53B

Float

Shrs Out/Float274.89M / 120.82M
Short Float0.00%
Days to Cover16.13
Stock Repurchased$658.00M

Current Valuation

EV45.72B
EV/EBITDA0.00
EV/Sales0.00
P/B2.27
P/S0.00
FCF Yield12.70%
ROE11.03%
ROA1.78%
Current Ratio0.93

Dividend

Cash$1.55
Yield3.48%
Yield (TTM)3.48%

Estimates

P/E0.00
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Oct '26
PRICE-BASED RATIOS
Price / Earnings25.2112.5318.4819.3941.4534.20
Price / Sales0.920.950.860.750.691.34
Price / Book Value2.352.432.562.342.162.27
Price / Free Cash Flow9.148.069.9812.996.807.87
ENTERPRISE VALUE METRICS
Enterprise Value48,226.445,570.250,650.351,289.647,901.145,720.6
Enterprise Value / Sales2.052.081.761.691.613.14
Enterprise Value / EBITDA10.289.628.919.249.0514.55
Enterprise Value / EBIT16.2614.0012.5313.2717.8323.67

Financials

Full Financials
Millions EUR5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue7%21,941.028,719.030,362.029,821.028,753.0
Gross Income5.2%8,406.010,101.010,703.010,508.010,288.0
EBITDA7.1%4,736.05,682.05,549.05,292.06,224.0
EBIT2.6%3,256.04,041.03,864.02,687.03,615.0
Net Income-13%1,663.01,343.01,174.0498.0952.0
EPS (Diluted)-12.5%5.784.674.131.763.39
BALANCE SHEET
Cash & ST Inv10.3%3,248.02,765.02,377.02,350.04,816.0
Total Assets2.3%48,850.052,406.054,758.053,475.053,474.0
Total Liabilities3.3%29,150.030,486.032,364.031,371.033,139.0
Total Shareholder Equity10.7%8,593.09,694.09,733.09,546.08,630.0
CASH FLOW
Net Operating Cash Flow4.6%4,181.04,496.04,430.05,503.05,012.0
Cap Ex10.7%-1,597.0-2,011.0-2,677.0-2,465.0-2,402.0
Free Cash Flow25.1%2,584.02,485.01,753.03,038.02,610.0

Enterprise Value Bridge

Millions EUR23 Oct '26
Price (As of 23 Oct '26)81.86
Basic Shares274.89
Market Cap22,502.1
Diluted Shares281.11
Fully Diluted Shares Outstanding281.11
Fully Diluted Market Cap23,011.7
+Consolidated Debt19,279.0
−In-the-Money Convertible Debt—
+Capital Leases1,515.6
+Operating Leases—
−Cash & Equivalents-4,816.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest11,705.0
+Pension Liabilities—
Enterprise Value48,670.1

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Financials & Metrics

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