Heineken Holding (HEIO.AS) Stock Price
Heineken Holding Price
Over the last 19 years Heineken Holding grew revenue by 4.8% annually, reaching 28.75 B EUR. Earnings per share have grown at 0.3% per year over the last 19 years. For Heineken Holding, the net margin of 6.6% is down versus 15.0% a few years ago. At today's price the dividend yield works out to roughly 2.82%. The payout ratio is around 37% of earnings. The dividend has grown at 8.6% per year over the past 19 years. The consensus 12-month price target for Heineken Holding is 106.59 EUR, about 57.1% above where the stock trades today. Of 8 analysts, 7 rate the stock a buy — an overall Buy consensus. The stock trades about 17% above its 52-week low.
Heineken Holding stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Heineken Holding over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Heineken Holding stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Heineken Holding's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Heineken Holding Price |
|---|---|
| 9/16/2026 | 67.85 EUR |
| 9/14/2026 | 68.20 EUR |
| 9/11/2026 | 66.15 EUR |
| 9/10/2026 | 67.00 EUR |
| 9/9/2026 | 67.75 EUR |
| 9/8/2026 | 68.70 EUR |
| 9/7/2026 | 68.05 EUR |
| 9/4/2026 | 68.30 EUR |
| 9/3/2026 | 68.00 EUR |
| 9/2/2026 | 67.20 EUR |
| 9/1/2026 | 67.75 EUR |
| 8/31/2026 | 68.10 EUR |
| 8/28/2026 | 67.80 EUR |
| 8/27/2026 | 67.40 EUR |
| 8/26/2026 | 68.15 EUR |
| 8/25/2026 | 68.10 EUR |
| 8/21/2026 | 68.00 EUR |
| 8/20/2026 | 67.45 EUR |
| 8/19/2026 | 67.30 EUR |
| 8/18/2026 | 68.00 EUR |
| 8/17/2026 | 68.15 EUR |
| 8/14/2026 | 69.70 EUR |
| 8/13/2026 | 70.00 EUR |
| 8/12/2026 | 70.05 EUR |
| 8/11/2026 | 70.60 EUR |
| 8/10/2026 | 72.40 EUR |
| 8/7/2026 | 72.65 EUR |
| 8/6/2026 | 74.35 EUR |
| 8/5/2026 | 74.90 EUR |
| 8/4/2026 | 72.40 EUR |
Heineken Holding Revenue, EBIT, Net Income
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Heineken Holding Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB EUR |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB EUR |
| EBITB EUR |
| EBIT MARGIN% |
| NET INCOMEB EUR |
| NET INCOME GROWTH% |
| DIVIDENDDIV.EUR |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESM |
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e | 2030e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20.51 | 20.79 | 21.61 | 22.49 | 23.97 | 19.72 | 22.14 | 28.72 | 30.36 | 29.82 | 28.75 | 31.03 | 32.45 | 33.84 | 35.30 | 37.63 |
| 6.51 | 1.37 | 3.93 | 4.07 | 6.58 | -17.75 | 12.29 | 29.73 | 5.72 | -1.78 | -3.58 | 7.90 | 4.60 | 4.27 | 4.32 | 6.59 |
| 38.42 | 39.38 | 40.21 | 39.66 | 41.01 | 36.25 | 38.72 | 39.56 | 35.25 | 35.24 | 35.78 | 35.78 | 35.78 | 35.78 | 35.78 | 35.78 |
| 7.88 | 8.19 | 8.69 | 8.92 | 9.83 | 7.15 | 8.57 | 11.36 | 10.70 | 10.51 | 10.29 | 11.10 | 11.61 | 12.11 | 12.63 | 13.46 |
| 2.79 | 2.99 | 3.23 | 3.28 | 3.70 | 2.02 | 4.55 | 4.08 | 3.23 | 3.52 | 3.41 | 2.61 | 2.90 | 3.21 | 3.56 | 3.84 |
| 13.58 | 14.39 | 14.95 | 14.58 | 15.44 | 10.24 | 20.54 | 14.21 | 10.64 | 11.79 | 11.85 | 8.40 | 8.94 | 9.48 | 10.08 | 10.21 |
| 1.89 | 1.54 | 1.94 | 1.90 | 2.17 | -0.20 | 3.32 | 2.68 | 2.30 | 0.98 | 1.89 | 1.55 | 1.78 | 2.02 | 2.30 | 2.52 |
| 24.80 | -18.60 | 25.65 | -1.65 | 13.82 | -109.42 | -1,729.41 | -19.31 | -14.09 | -57.55 | 92.74 | -17.88 | 15.12 | 13.52 | 13.64 | 9.79 |
| 1.18 | 1.38 | 1.36 | 1.52 | 1.65 | 2.08 | 0.98 | 1.46 | 1.92 | 1.73 | 1.91 | 2.32 | 2.39 | 2.46 | – | – |
| 32.58 | 16.95 | -1.45 | 11.76 | 8.55 | 26.06 | -52.88 | 48.98 | 31.51 | -9.90 | 10.40 | 21.47 | 3.02 | 2.93 | – | – |
| 288.03 | 288.03 | 288.03 | 288.03 | 287.34 | 287.75 | 287.62 | 287.35 | 283.00 | 272.01 | 362.90 | 362.90 | 362.90 | 362.90 | 362.90 | 362.90 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Heineken Holding generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Heineken Holding retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Heineken Holding's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Heineken Holding has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Heineken Holding's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Heineken Holding stock margins
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Heineken Holding Stock Revenue, EBIT, Earnings per Share
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Heineken Holding business model & stock analysis
Heineken Holding SWOT Analysis
Strengths
Heineken Holding NV boasts several strengths that contribute to its success in the market:
- Strong brand reputation and recognition globally
- Diversified product portfolio catering to various consumer preferences
- Extensive distribution network facilitating global reach
- Strategic partnerships and acquisitions enhancing market presence
- Robust financial performance and liquidity position
Weaknesses
Despite its strengths, Heineken Holding NV also faces certain weaknesses:
- Relatively higher production costs compared to some competitors
- Dependency on mature markets for a significant portion of revenue
- Vulnerability to fluctuations in raw material prices
- Limited market share in certain emerging economies
- Challenges in effectively managing a diverse product range
Opportunities
Heineken Holding NV has several opportunities to further expand and strengthen its position:
- Growing demand for premium and craft beers
- Expansion into emerging markets with increasing consumer disposable income
- Product innovation and development to cater to changing customer preferences
- Strategic partnerships and joint ventures for market penetration
- Focus on sustainability and social responsibility to meet evolving consumer expectations
Threats
Heineken Holding NV also faces several threats that could impact its growth prospects:
- Intense competition from both established and emerging breweries
- Stringent regulations and legal restrictions in different markets
- Changing consumer preferences and trends
- Inflation and economic downturn affecting consumer spending power
- Potential disruptions in the global supply chain
Heineken Holding Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Heineken Holding historical P/E ratio, EBIT multiple, and P/S ratio
Heineken Holding annual returns
Details
Annual Return
ⓘWhat This Chart Shows
This chart breaks down Heineken Holding's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in Heineken Holding's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare Heineken Holding's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Heineken Holding shares outstanding
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Heineken Holding Dividend History
37 years of dividend payments
Heineken Holding dividend history and estimates
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Heineken Holding dividend payout ratio
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Current Heineken Holding forecasts and price targets in September 2026
Analyst Price Targets 2026Heineken Holding Earnings Calls
EESG©
Eulerpool ESG Scorecard© for the Heineken Holding stock
EEnvironment
Environment
SSocial
Social
GGovernance (Corporate Governance)
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Heineken Holding shareholder structure
| % | Name |
|---|---|
3.23770% | |
0.03742% | |
0.00366% | |
0.00124% |
Heineken Holding Beneficial Ownership Filings (SEC 13D/G)
Heineken Holding Executives and Management Board
7 members · avg. age 59 · 57 % women
Mr. Michel de Carvalho (81)
Executive Director · since 1996
Mrs. Charlene de Carvalho-Heineken (70)
Executive Director · since 1988
Mrs. L.L.H Brassey (39)
Non-Executive Director
Mr. Alexander de Carvalho (41)
Non-Executive Director
Mrs. Charlotte Kwist (58)
Non-Executive Director
Mr. Jean-Francois van Boxmeer (63)
Non-Executive Director
Heineken Holding Supply Chain
Heineken Holding Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.92 | 0.91 | 0.89 | ||
| 2 | 0.81 | 0.83 | 0.60 | ||
| 3 | 0.86 | 0.58 | 0.59 | ||
| 4 | 0.15 | 0.34 | 0.58 | ||
| 5 | Wincanton | -0.34 | 0.31 | 0.57 |
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.70 | 0.52 | — | ||
| 2 | 0.39 | -0.34 | — | ||
| 3 | Societe des Boissons du Maroc | 0.14 | 0.38 | -0.40 | |
| 4 | -0.24 | -0.02 | -0.19 | ||
| 5 | 0.17 | -0.38 | 0.09 |
Frequently asked questions about Heineken Holding
The business model of Heineken Holding NV, a global brewing company, revolves around manufacturing, marketing, and selling a wide range of beer and cider brands. As the parent company of the Heineken Group, it owns a diverse portfolio of iconic beer brands, including Heineken, Amstel, Desperados, and Strongbow. Heineken Holding NV focuses on high-quality brewing, efficient production, and global distribution to meet the demands of consumers in over 190 countries. Through strategic partnerships, acquisitions, and continuous innovation, Heineken Holding NV aims to expand its market presence, increase brand recognition, and deliver exceptional experiences to beer enthusiasts worldwide.
Heineken Holding NV is primarily active in the beverage industry.
The main competitors of Heineken Holding NV in the market include Anheuser-Busch InBev, SABMiller, and Carlsberg.
Heineken Holding NV, founded in 1864, is a renowned Dutch brewing company. It has a rich history and a global presence in over 70 countries. The company was established by Gerard Adriaan Heineken and is now led by the Heineken family. With a proud heritage of brewing exceptional beers, Heineken Holding NV is renowned for its flagship brand, Heineken, which is enjoyed by millions across the world. Over the years, the company has expanded its portfolio and acquired various renowned beer brands, including Amstel, Tiger, and Sol. Heineken Holding NV is recognized for its commitment to quality, innovation, and responsible business practices, making it an influential player in the global brewing industry.
Heineken Holding NV, a renowned global brewing company, has achieved several significant milestones with its remarkable reputation and success. Being one of the world's largest beer producers, Heineken has a rich history of accomplishments. The company expanded its presence internationally, establishing a strong global footprint and penetrating various markets across continents. Heineken also successfully diversified its product portfolio, introducing iconic brands and innovative offerings to cater to evolving consumer preferences. Additionally, the company consolidated its position through strategic acquisitions, forming valuable partnerships and alliances. With its consistent focus on quality, innovation, and customer satisfaction, Heineken Holding NV continues to shape the global beer industry and deliver enduring value to its shareholders and stakeholders alike.
Heineken Holding NV is primarily present in various countries and regions worldwide. As a global brewing company, Heineken has a significant presence in Europe, particularly in the Netherlands, where it is headquartered. Additionally, Heineken has a strong market presence in other European countries like the United Kingdom, France, Spain, Italy, and Germany. Moreover, the company has expanded its operations in the Americas, including the United States, Mexico, and Brazil. Heineken also has a notable presence in Asia Pacific regions such as China, Vietnam, India, and Japan. With its wide reach, Heineken Holding NV has established itself as a leading brand internationally.
Heineken Holding NV represents values such as quality, innovation, and a commitment to sustainability. The company's corporate philosophy revolves around its core principles of enjoying life, respecting people, and nurturing nature. With a rich history in brewing excellence, Heineken Holding NV is dedicated to delivering exceptional products and experiences to its consumers worldwide. As a global leader in the beverage industry, the company strives to promote responsible consumption and contribute to the communities it serves. Heineken Holding NV's focus on continuous improvement, strong brand presence, and its dedication to social and environmental responsibility establishes it as a reputable and forward-thinking company.
Analysts currently set an average price target of 106.59 EUR for the Heineken Holding stock (median: 106.59 EUR), implying +57.8 % versus the latest price. The consensus is based on 8 analyst ratings.
8 analysts currently rate the Heineken Holding stock: 7 recommend buying, 1 holding and 0 selling. For 2026, analysts expect Heineken Holding to generate revenue of 31.03 B EUR and earnings per share of 4.27 EUR.
The Heineken Holding share (HEIO.AS) is listed on 11 stock exchanges, including: London (0NBD.L), SIX (Zürich) (4H5.SW), Frankfurt (4H5.F), München (4H5.MU), Düsseldorf (4H5.DU), Wien (HEIO.VI), Amsterdam (HEIO.AS).
The core business of Heineken Holding NV is the production and distribution of beer and other beverages. They also focus on marketing campaigns and strategic acquisitions to support their growth and brand. The company operates globally and aims to be a leading player in the beverage industry.
The expected revenue of Heineken Holding is 31.03 B EUR. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Heineken Holding is 1.55 B EUR. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Heineken Holding is currently 15.90. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Heineken Holding stock.
The price-to-sales ratio (P/S) of Heineken Holding is currently 0.79. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Heineken Holding stock.
The Eulerpool Quality Score for Heineken Holding is 3/10.
The ISIN of Heineken Holding is NL0000008977. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Heineken Holding is A0ETXG. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Heineken Holding is HEIO.AS. The ticker symbol is used to trade Heineken Holding shares on the stock exchange.
Over the past 12 months, Heineken Holding paid a dividend of 1.91 EUR . This corresponds to a dividend yield of about 2.82 %. For the coming 12 months, Heineken Holding is expected to pay a dividend of 2.39 EUR.
The current dividend yield of Heineken Holding is 2.82 %.
Heineken Holding pays a dividend, distributed in the months of July, April.
Heineken Holding paid dividends every year for the past 36 years.
For the upcoming 12 months, dividends amounting to 2.39 EUR are expected. This corresponds to a dividend yield of 3.54 %.
Heineken Holding is assigned to the 'Non-cyclical consumption' sector.
To receive the latest dividend of Heineken Holding from 5/5/2026 amounting to 1.16 EUR, you needed to have the stock in your portfolio before the ex-date on 4/27/2026.
The last dividend was paid out on 5/5/2026.
In the year 2025, Heineken Holding distributed 1.91 EUR as dividends.
The dividends of Heineken Holding are distributed in EUR.
Heineken Holding stock
All fundamentals and in-depth analysis of Heineken Holding
Our stock analysis for Heineken Holding stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Heineken Holding. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.