Heineken (HEIA)

Index:

AEX Index

  94.10
   
  • Change Today:
     0.34
  • 52 Week High:  104.90
  • 52 Week Low:  82.18
  • Currency: Euro
  • Shares Issued: 563.45m
  • Volume: 377,718
  • Market Cap:  53,021m
  • Beta: 0.42

Fundamentals - based on IFRS

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 36,375.00 34,676.00 26,583.00 23,770.00 28,521.00
Operating Profit/(Loss) 3,229.00 4,283.00 4,483.00 778.00 3,633.00
Profit Before Tax 2,522.00 4,170.00 4,334.00 157.00 3,284.00
Profit After Tax 2,401.00 3,039.00 3,535.00 88.00 2,374.00
           
Earnings per Share - Basic 409.00¢ 466.00¢ 577.00¢ (36.00¢) 378.00¢
Earnings per Share - Adjusted 409.00¢ 466.00¢ 577.00¢ (36.00¢) 378.00¢
           
Dividend per Share 173.00¢ 173.00¢ 124.00¢ 70.00¢ 168.00¢
    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 14,772.00 13,623.00 12,401.00 11,551.00 13,269.00
Intangible Assets 21,781.00 21,408.00 20,762.00 15,767.00 17,769.00
Other Non-Current Assets 7,201.00 6,360.00 6,109.00 9,294.00 7,047.00
  43,754.00 41,391.00 39,272.00 36,612.00 38,085.00
Current Assets          
Inventories 3,721.00 3,250.00 2,438.00 1,958.00 2,213.00
Cash at Bank & in Hand 2,377.00 2,765.00 3,248.00 4,000.00 1,821.00
Other Current Assets 5,301.00 5,000.00 3,892.00 3,062.00 4,385.00
  11,399.00 11,015.00 9,578.00 9,020.00 8,419.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 55,153.00 52,406.00 48,850.00 45,632.00 46,504.00
Current Liabilities          
Borrowings 4,192.00 3,484.00 3,233.00 3,580.00 3,686.00
Other Current Liabilities 10,633.00 10,706.00 8,861.00 7,288.00 8,621.00
           
Current Liabilities 14,825.00 14,190.00 12,094.00 10,868.00 12,307.00
           
Net Current Assets c(3,426.00) c(3,175.00) c(2,516.00) c(1,848.00) c(3,888.00)
           
Borrowings 14,046.00 12,893.00 13,640.00 14,616.00 13,366.00
Other Non-Current Liabilities 3,493.00 3,403.00 3,416.00 2,756.00 3,520.00
Non-Current Liabilities 17,539.00 16,296.00 17,056.00 17,372.00 16,886.00
           
Other Liabilities n/a n/a n/a 3,000.00 n/a
Total Liabilities 32,364.00 30,486.00 29,150.00 31,240.00 29,193.00
           
Net Assets 22,789.00 21,920.00 19,700.00 14,392.00 17,311.00
           
Shareholders Funds 20,056.00 19,551.00 19,700.00 13,392.00 16,147.00
           
Minority Interests/Other Equity 2,733.00 2,369.00 n/a 1,000.00 1,164.00
Total Equity 22,789.00 21,920.00 19,700.00 14,392.00 17,311.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities (2,671.00) (2,087.00) (1,167.00) 3,136.00 4,337.00
Net Cash Flow from Investing Activities (3,576.00) (2,286.00) (2,277.00) (1,438.00) (4,873.00)
Net Cash Flow from Financing Activities (816.00) (3,127.00) (2,883.00) (1,238.00) (1,016.00)
Net Increase/Decrease In Cash (7,063.00) (7,500.00) (6,327.00) 460.00 (1,552.00)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 22.5 18.9 17.1 n/a 25.1
PEG - Adjusted n/a n/a n/a n/a 2.1
Earnings per Share Growth - Adjusted -12% -19% n/a n/a 12%
Dividend Cover 2.36 2.69 4.65 (0.51) 2.25
Revenue per Share 6,455.77¢ 6,154.24¢ 47.62¢ 4,218.66¢ 5,061.86¢
Pre-Tax Profit per Share 447.60¢ 740.09¢ 7.76¢ 27.86¢ 582.84¢
Operating Margin 8.88% 12.35% 16.86% 3.27% 12.74%
Return on Capital Employed 13.10% 24.69% 0.28% 0.93% 19.79%
           
Dividend Yield 1.9% 2.0% 1.3% 0.8% 1.8%
Dividend per Share Growth n/a 39.52% 77.14% (58.33%) 5.00%
Operating Cash Flow per Share (474.05¢) (370.40¢) (207.12¢) 556.57¢ 769.72¢
Cash Incr/Decr per Share (1,253.53¢) (1,331.09¢) (11.34¢) 81.64¢ (275.45¢)
Net Asset Value per Share (exc. Intangibles) 178.90¢ 90.87¢ (188.48¢) (244.03¢) (81.28¢)
Net Gearing 79.08% 69.62% 69.16% 106.00% 94.33%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Forecast figures based on normalised accounts.

 

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