Heineken Holding N.V. (HKHHF)
Consumer Defensive · OQX
Fundamentals
Valuation and ratings
Heineken Holding N.V. trades at USD84.00, which is 20% above the USD66.97 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 39 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 21.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
HKHHF dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD1.56 | 1 |
| 2025 | USD2.19 | 2 |
| 2024 | USD1.86 | 2 |
| 2023 | USD2.11 | 2 |
| 2022 | USD1.54 | 2 |
| 2021 | USD1.18 | 2 |
| 2020 | USD1.13 | 1 |
| 2019 | USD1.84 | 2 |
| 2018 | USD1.83 | 2 |
| 2017 | USD1.52 | 2 |
| 2016 | USD0.965 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Heineken Holding N.V.
Heineken Holding N.V., together with its subsidiaries, engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally. The company's portfolio consists of approximately 340 international, regional, local, and specialty beers and ciders. The company was founded in 1864 and is based in Amsterdam, the Netherlands. Heineken Holding N.V. is a subsidiary of L'Arche Green N.V.
HKHHF passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Heineken Holding N.V. (HKHHF) undervalued?
Against our discounted cash flow estimate of USD66.97, HKHHF at USD84.00 is 20% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is HKHHF's P/E ratio?
HKHHF trades at 21.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Heineken Holding N.V. (HKHHF) pay a dividend?
Yes. Heineken Holding N.V. yields 2.67% at the current share price. It has paid USD1.56 per share over the trailing twelve months. It has paid a dividend in each of the last 12 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.