HEIA.AS - Heineken N.V.

Amsterdam - Amsterdam Delayed Price. Currency in EUR
94.20
+1.78 (+1.93%)
At close: 5:36PM CEST
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Previous Close92.76
Open92.62
Bid0.00 x 0
Ask0.00 x 0
Day's Range92.44 - 94.28
52 Week Range74.28 - 104.00
Volume636,194
Avg. Volume582,762
Market Cap53.711B
Beta (3Y Monthly)0.64
PE Ratio (TTM)28.46
EPS (TTM)3.31
Earnings DateN/A
Forward Dividend & Yield1.65 (1.79%)
Ex-Dividend Date2019-07-31
1y Target Est92.35
  • Molson Coors Tapped Out on Global Growth
    Motley Fool

    Molson Coors Tapped Out on Global Growth

    The brewer couldn't find sales or volume growth in any market.

  • GlobeNewswire

    Heineken N.V. 2018 full year BEIA measures

    Amsterdam, 5 August 2019 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) issues the following technical announcement: 2018 FULL YEAR BEIA METRICS (RESTATED FOR IAS 37)1.

  • Is Heineken (AMS:HEIA) A Risky Investment?
    Simply Wall St.

    Is Heineken (AMS:HEIA) A Risky Investment?

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

  • Thomson Reuters StreetEvents

    Edited Transcript of HEIA.AS earnings conference call or presentation 29-Jul-19 8:00am GMT

    Half Year 2019 Heineken NV Earnings Call

  • Europe stocks rise on M&A and earnings news, as LSE surges while Heineken fizzles
    MarketWatch

    Europe stocks rise on M&A and earnings news, as LSE surges while Heineken fizzles

    Merger and earnings news stirred European stocks on Monday, with broader markets quiet ahead of a key U.S. interest-rate decision.

  • Barrons.com

    Heineken Stock Plunges on Profit Slump but Beer Sales Stay Strong

    Heineken shares fell 6% in early trading as rising packaging costs offset growing global beer sales.

  • Heineken First-Half Earnings Miss Estimates on Higher Costs, Bad Weather
    Bloomberg

    Heineken First-Half Earnings Miss Estimates on Higher Costs, Bad Weather

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Heineken NV shares fell the most in almost four years after the world’s second-largest brewer reported earnings growth that almost ground to a halt, held back by costs for aluminum cans and poor weather in Europe.Adjusted operating profit rose 0.3% on an organic basis, the slowest pace for the first half in at least six years, the company reported Monday. The stock fell as much as 6.5% in Amsterdam.Heineken suffered from a rise in its cost of aluminum cans in Brazil, where it pays for the raw material in dollars, according to Chief Financial Officer Laurence Debroux. The prices rose when the Brazilian currency fell, hitting the brewer in one of its most important markets, where it acquired Kirin Holdings Co.’s local business two years ago.Though aluminum prices declined 2.5% over the first half of the year on the London Metal Exchange, previously enacted hedges delayed the benefit. Debroux said Heineken sees the situation improving in the second half.The pain is separate from the headaches brewers such as Anheuser-Busch InBev NV and Molson Coors Brewing Co. have faced in the U.S., where imports of the metal have been subject to a 10% tariff imposed by the Trump administration.Investments in e-commerce and technology contributed to the higher costs. Heineken said it expects a 100 million-euro boost to operating profit from favorable currency shifts this year.Heineken’s Surprise 1H Miss Gets Investors Running: Street Wrap“This does not leave room for error,” wrote Olivier Nicolai, an analyst at Morgan Stanley. Heineken will need to accelerate to growth of 10% in the second half against a difficult comparison, he said.Poor weather in Europe has been a theme for major consumer-goods companies reporting this quarter including Unilever and Danone. Investors have yet to see if Europe’s record temperatures in July will boost demand in the third quarter. Until now brewers have only reported negative impacts from the weather this year.Volume growth slowed in the second quarter, partly due to tough comparisons with the year-earlier period, which benefited from the World Cup soccer tournament. Shipments of the brewer’s namesake brand fell in the Asia-Pacific region and Europe in the second quarter.(Updates with analyst comment in fourth paragraph.)\--With assistance from Lisa Pham and Mark Burton.To contact the reporter on this story: Thomas Buckley in London at tbuckley25@bloomberg.netTo contact the editor responsible for this story: Eric Pfanner at epfanner1@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Higher costs negate rising beer sales for Heineken
    Reuters

    Higher costs negate rising beer sales for Heineken

    Heineken NV, the world's second-largest brewer, missed estimates for first-half profit on Monday, as rising input costs offset higher beer sales. The Dutch maker of Heineken, Europe's top-selling lager, maintained its full-year forecast that operating profit before one-offs would increase by a mid-single-digit percentage. The company said for the full year it would benefit from increased sales, higher prices and a shift in consumer taste to more expensive beers.

  • Heineken's beer boost offset by higher aluminum costs
    Reuters

    Heineken's beer boost offset by higher aluminum costs

    Heineken NV on Monday missed estimates for first-half profits, as higher packaging costs offset increased beer sales, but the world's second-largest brewer stuck with its full-year profit growth forecast. The Dutch maker of Heineken, Europe's top-selling lager, said operating profit before one-offs would rise by a mid-single-digit percentage in 2019 after a slim 0.3% increase in the Jan-June period. The company said it would benefit this year from increased sales, higher prices and a consumer shift to more expensive beers.

  • GlobeNewswire

    Heineken N.V. reports 2019 half year results

    Amsterdam, 29 July 2019 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) announces: Net revenue (beia) organic growth +5.6%; net revenue (beia) per hectolitre.

  • Moody's

    Heineken N.V. -- Moody's announces completion of a periodic review of ratings of Heineken N.V.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Heineken N.V. Milan, July 23, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Heineken N.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Interested In Heineken N.V. (AMS:HEIA)? Here's How It Performed Recently
    Simply Wall St.

    Interested In Heineken N.V. (AMS:HEIA)? Here's How It Performed Recently

    Examining Heineken N.V.'s (AMS:HEIA) past track record of performance is a valuable exercise for investors. It enables...

  • Why This Year’s Biggest IPO Didn’t Happen
    Bloomberg

    Why This Year’s Biggest IPO Didn’t Happen

    (Bloomberg Opinion) -- Anheuser-Busch InBev NV blamed market conditions for its decision to pull what would have been the world’s biggest initial public offering this year. Yet the brewer should take at least some responsibility. This concoction was far too frothy for investors when Asian economies face an array of sobering realities.AB InBev said it will no longer proceed with the IPO of its Asia-Pacific business, Budweiser Brewing Company APAC Ltd., which had been aiming to raise as much as $9.8 billion in Hong Kong. The company’s American depositary receipts fell as much as 4.9% in New York before closing down 3% on Friday.The offering valued Budweiser Brewing between 15.5 times and 18.2 times earnings before interest, tax, depreciation and amortization – well above the multiples for Carlsberg A/S and Heineken NV, and a premium to shares of the parent. The price range of HK$40 to HK$47 ($5.11 to $6.01) a share would have resulted in a market capitalization of $54.2 billion to $63.7 billion.You can hardly blame investors for wanting to sit this one out. The U.S.-China trade war is at an impasse and the ripples are widening. Singapore, a bellwether for global trade, on Friday  posted its sharpest growth decline since 2012. While the Federal Reserve has signaled that interest rate cuts are coming, which has buoyed U.S. stocks, that's also driving a wedge between the world’s biggest economy and the rest.This split is perhaps nowhere more apparent than the IPO market. Listings in the U.S. are on track for their best year since 2014. Hong Kong, the top destination last year, is languishing by comparison, after a series of high-profile bloopers including smartphone maker Xiaomi Corp. in July 2018 and food-delivery giant Meituan Dianping in September. As I’ve argued, reclaiming that crown will be an uphill battle; and now Hong Kong is facing competition from Shanghai for tech IPOs.  Alibaba Group Holding Ltd.’s secondary listing plan is a ray of light – but this latest kerfuffle could dim any optimism.Against this dismal backdrop, it’s little wonder things went south. Yet it’s a mistake to overlook AB InBev’s own missteps. For one thing, the company marketed itself as a purveyor of high-end beer, taking cues from Chinese consumers’ growing taste for foreign brands and craft labels. Perhaps its price range doesn’t look so out of whack when you consider the country's brewers trade anywhere between 15 times and 21 times, according to Bloomberg data. Yet investors just weren't convinced that demand would hold up in a slowing economy. The company’s China pitch also ignored mature markets like South Korea and Australia, which make up around half of Budweiser Brewing’s Ebitda, according to Bernstein Research. Then there’s the fact that growing a brand in Asia's fragmented market is easier said than done. India, where whiskey is the traditional tipple of choice, and Southeast Asia could have been fertile ground for expansion. One argument for an Asia IPO was that Budweiser Brewing would benefit from local tie-ups. Would the Thai tycoon who owns Vietnam’s top brewer, Sabeco Trading Corp., or the magnate that controls the Philippines’ San Miguel Corp. really cede control to the Belgian brewer for a piece of the Hong Kong listing? I’m unconvinced.The fatal flaw, however, may have been AB InBev’s hubris. In deciding against a  cornerstone investor tranche, the company eschewed a fixture of Hong Kong’s IPO market. It turns out investors really do like the comfort of  big names that pledge to hold stock – even if the practice ties up a lot of liquidity. Had Budweiser’s listing succeeded, it would have been a win for market reform, too. With such a bubbly valuation, AB InBev may have thought its investors were wearing beer goggles. Whether the brewer can make a dent in that $103 billion net debt from its purchase of SABMiller looks a lot less certain after a cold shower and pot of black coffee.To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Bloomberg

    Budweiser’s IPO Failure Would Be a Big Strategic Blow

    (Bloomberg Opinion) -- There’s a staring contest going on between Anheuser-Busch InBev NV and investors in initial public offerings. At issue is the price of the jumbo IPO of the Belgian brewer’s Asian business. Unfortunately for AB InBev, investors have the harder gaze.The deal is struggling to get priced, and its arrangers may revise the terms, Bloomberg News reported Friday. This is going to be a tense weekend – Monday is the deadline for the shares to be sold.It’s not hard to see why there’s a standoff. AB InBev knows that Budweiser Brewing Company APAC Ltd is an attractive asset. With an approximate $60 billion market value, it could be a large, liquid stock. It has a unique expansion story with strong organic growth supplemented by likely M&A. Hence AB InBev set a very punchy price range.But to get big deals done you have to entice enough buyers. And investors have one advantage: Their need to buy is less than AB InBev’s necessity to sell.While one benefit of the deal is that the proceeds would bring down the giant brewer’s leverage, this is not the main upside. Raising $8 billion to $10 billion is only going to dent net debt that stood at $103 billion on Dec. 31 (almost 5 times trailing Ebitda).The real bonus for AB InBev – as Duncan Fox of Bloomberg Intelligence says – would be securing an acquisition currency to do deals in Asia without potentially taking its leverage back up again. Net debt hit 6.7 times Ebitda after the 2016 purchase of SABMiller.AB InBev isn’t the only European brewer seeking Asian growth. Heineken NV is breathing down its neck with a partnership with China Resources Beer Holdings Co. and Carlsberg A/S has a thirst for the region too. There will be a real opportunity cost in failing to get the IPO away if AB InBev’s rivals are able to outbid it for attractive assets in the coming year.Of course, AB InBev isn’t totally constrained. It could yet turn to bond investors to fund further M&A. The debt markets are favorable – some of the Belgian company’s bonds are yielding even less than 1%. Still, gearing up is an unattractive option when leverage is already high.The number of global IPOs surged in the last three months, including in Asia, so it would look odd if this one doesn’t make it. Meanwhile, the brewer’s Asian staff expect to become part of a new separate company. Failure to get the deal done won’t help morale. Taken together, this puts the onus on AB InBev to get plan A away and secure the acquisition currency rather than fighting over the last cent of value here. And investors know it.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Have Insiders Been Selling Heineken N.V. (AMS:HEIA) Shares?
    Simply Wall St.

    Have Insiders Been Selling Heineken N.V. (AMS:HEIA) Shares?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

  • Moody's

    Heineken N.V. -- Moody's affirms Heineken's Baa1/P-2 ratings; stable outlook

    Moody's Investors Service ("Moody's") has today affirmed Heineken N.V.'s ("Heineken" or "the company") Baa1 long-term issuer rating, Baa1 senior unsecured rating, (P)Baa1 senior unsecured MTN programme rating and Prime-2 (P-2) short-term issuer rating.

  • What does Heineken N.V.'s (AMS:HEIA) Balance Sheet Tell Us About Its Future?
    Simply Wall St.

    What does Heineken N.V.'s (AMS:HEIA) Balance Sheet Tell Us About Its Future?

    Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Heineken N.V...

  • Reuters

    UPDATE 1-Brazilian brewer Ambev signs $36 million deal to build solar plants

    Ambev SA said on Wednesday it has signed contracts with four partners to build solar plants in Brazil that will supply clean energy to all of the brewing company's 94 distribution centers in the country by the end of March 2020. The move is part of a global effort by parent company Anheuser Busch InBev to have all of its operations run by renewable energy sources by 2025, and follows previous sustainability initiatives. Ambev, Latin America's largest brewer, in August said it had agreed to add 1,600 Volkswagen electric trucks to its logistics operators' fleet in Brazil by 2023.

  • Are Heineken N.V.’s Returns On Capital Worth Investigating?
    Simply Wall St.

    Are Heineken N.V.’s Returns On Capital Worth Investigating?

    Today we are going to look at Heineken N.V. (AMS:HEIA) to see whether it might be an attractive investment prospect...

  • Reuters

    Norway's KLP bans alcohol, gambling investments from pension funds

    KLP, Norway's largest pension fund, will no longer invest in gambling companies and alcohol makers, and recently sold stocks and bonds in such firms worth some $320 million, it said on Tuesday. The decision ...

  • What Type Of Shareholder Owns Heineken N.V.'s (AMS:HEIA)?
    Simply Wall St.

    What Type Of Shareholder Owns Heineken N.V.'s (AMS:HEIA)?

    If you want to know who really controls Heineken N.V. (AMS:HEIA), then you'll have to look at the makeup of its share...

  • Heineken CFO Debroux Discusses Results, Outlook
    Bloomberg

    Heineken CFO Debroux Discusses Results, Outlook

    Jul.29 -- Heineken NV Chief Financial Officer Laurence Debroux talks about the company's financial results and business outlook. The world’s second-largest brewer reported its weakest first-half earnings growth in at least six years, held back by higher aluminum costs and poor weather in Europe. Debroux speaks with Matt Miller and Anna Edwards on "Bloomberg Markets: European Open."