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Heineken NV HEIA Stock Quote

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Morningstar‘s Stock Analysis HEIA

Valuation
Currency in EUR
Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat

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Raising Our Valuation of Heineken After Strong First Half but Risks Loom

Analyst Note

| Philip Gorham, CFA, FRM |

Heineken reported impressive first-half results, with volume growth above our expectations, and we are raising our fair value estimate to EUR 90 per share from EUR 84. Although we expect growth tailwinds to fade in the second half of the year, we have raised our near-term forecasts slightly on the back of Heineken’s very strong recovery from the COVID-19 lockdowns in many of its markets. Although we continue to like Heineken’s competitive positioning, the stock looks fully priced to us at 18 times 2023 earnings as at the close of business on Aug. 1.

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Key Statistics HEIA

Company Profile HEIA

Business Description

Heineken is Western Europe's largest beer producer, and following the Anheuser-Busch InBev acquisition of SABMiller, it is the world's second-largest brewer. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager. Its brand portfolio spans nonalcoholic, Belgian, and craft beer. Heineken is the world's biggest cider producer.

Contact
Tweede Weteringplantsoen 21, P.O. Box 28
Amsterdam, NH, 1000 AA, Netherlands
T +31 205239239
Industry Beverages - Brewers
Most Recent Earnings
Fiscal Year End Dec 31, 2022
Stock Type
Employees 85,000

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