HINKF

Heineken N.V.

OTC Markets OTCQXUSDEQUITY DELAYED

82.77

■ 0.00 (0.00%)

MARKET · —

Price

Open

85.33

Prev close

82.77

Day high

85.33

Day low

85.33

Volume

Market cap

—

P/E (TTM)

—

52W range

73.30 – 96.20

Options chain

Account required

ExpirySpot 82.77

Calls

Strike	Last	Bid	Ask	Vol	OI	IV
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%

Puts

Strike	Last	Bid	Ask	Vol	OI	IV
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%

Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

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Trailing performance

Price return · vs SPY

Returnvs SPY

-3.98% -2.6%

-5.90% -9.6%

+6.43% +3.3%

-9.02% -20.1%

YTD

+7.70% -4.6%

+1.43% -18.6%

-14.78% -88.9%

— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Fundamentals

TTM · reported

Market cap—

Enterprise value—

Revenue (TTM)—

Gross profit—

EBITDA—

Net income—

EPS (TTM)—

Free cash flow—

Total cash—

Total debt—

Book value / share—

Shares outstanding—

Float—

Short % of float—

Dividend yield—

Beta (5Y)—

Valuation & profitability ratios

Account required

Trailing P/E—

Forward P/E—

PEG ratio—

Price / sales—

Price / book—

EV / revenue—

EV / EBITDA—

Gross margin—

Operating margin—

Profit margin—

Return on equity—

Return on assets—

Debt / equity—

Current ratio—

Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

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Financial statements

As reported · 5 years · 3 quarters

Blank means not reported, not zero

Line item	2025	2024	2023	2022	2021	YoY
Total revenue	$28.75B	$29.82B	$30.36B	$28.72B	—	-3.6%
Operating revenue	$28.75B	$29.82B	$30.36B	$28.72B	—	-3.6%
Cost of revenue	$18.46B	$19.31B	$20.08B	$18.62B	—	-4.4%
Gross profit	$10.29B	$10.51B	$10.29B	$10.10B	—	-2.1%
Total operating expense	$6.96B	$7.02B	$7.19B	$5.87B	—	-0.9%
Operating income	$3.33B	$3.49B	$3.10B	$4.23B	—	-4.4%
Net interest income	-$553.00M	-$805.00M	-$925.00M	-$383.00M	—	+31.3%
Pre-tax income	$3.00B	$2.01B	$2.52B	$4.17B	—	+49.2%
Tax provision	$857.00M	$846.00M	$121.00M	$1.13B	—	+1.3%
Net income	$1.89B	$978.00M	$2.30B	$2.68B	—	+92.7%
Net income to common	$1.89B	$978.00M	$2.30B	$2.68B	—	+92.7%
Basic EPS	3.39	—	4.09	4.66	5.77	—
Diluted EPS	3.38	—	4.09	4.65	5.77	—
EBIT	$3.64B	$2.71B	$3.20B	$4.66B	—	+34.0%
EBITDA	$6.25B	$5.29B	$6.07B	$6.45B	—	+18.1%
Basic shares	556.77M	560.19M	563.45M	575.56M	—	-0.6%
Diluted shares	557.02M	560.64M	563.98M	576.03M	—	-0.6%

Line item

2025

2024

2023

2022

2021

YoY

Total revenue

$28.75B

$29.82B

$30.36B

$28.72B

—

-3.6%

Operating revenue

$28.75B

$29.82B

$30.36B

$28.72B

—

-3.6%

Cost of revenue

$18.46B

$19.31B

$20.08B

$18.62B

—

-4.4%

Gross profit

$10.29B

$10.51B

$10.29B

$10.10B

—

-2.1%

Total operating expense

$6.96B

$7.02B

$7.19B

$5.87B

—

-0.9%

Operating income

$3.33B

$3.49B

$3.10B

$4.23B

—

-4.4%

Net interest income

-$553.00M

-$805.00M

-$925.00M

-$383.00M

—

+31.3%

Pre-tax income

$3.00B

$2.01B

$2.52B

$4.17B

—

+49.2%

Tax provision

$857.00M

$846.00M

$121.00M

$1.13B

—

+1.3%

Net income

$1.89B

$978.00M

$2.30B

$2.68B

—

+92.7%

Net income to common

$1.89B

$978.00M

$2.30B

$2.68B

—

+92.7%

Basic EPS

3.39

—

4.09

4.66

5.77

—

Diluted EPS

3.38

—

4.09

4.65

5.77

—

EBIT

$3.64B

$2.71B

$3.20B

$4.66B

—

+34.0%

EBITDA

$6.25B

$5.29B

$6.07B

$6.45B

—

+18.1%

Basic shares

556.77M

560.19M

563.45M

575.56M

—

-0.6%

Diluted shares

557.02M

560.64M

563.98M

576.03M

—

-0.6%

Line item	2025	2024	2023	2022	YoY
Cash & equivalents	$4.77B	$2.35B	$2.38B	$2.77B	+103.1%
Cash & short-term investments	$4.77B	$2.35B	$2.38B	$2.77B	+103.1%
Accounts receivable	$3.07B	$3.13B	$3.38B	$3.12B	-1.8%
Inventory	$3.26B	$3.57B	$3.72B	$3.25B	-8.7%
Total current assets	$12.89B	$10.90B	$11.40B	$11.02B	+18.3%
Property, plant & equipment	$14.54B	$14.68B	$14.77B	$13.62B	-1.0%
Goodwill & intangibles	$20.01B	$21.70B	$21.78B	$21.41B	-7.8%
Total assets	$53.75B	$53.77B	$55.15B	$52.41B	-0.0%
Total current liabilities	$13.93B	$14.24B	$14.82B	$14.19B	-2.1%
Current debt	$2.74B	$2.95B	$3.89B	$3.15B	-7.1%
Long-term debt	$15.02B	$12.75B	$13.09B	$11.99B	+17.8%
Total debt	$19.28B	$17.05B	$18.24B	$16.38B	+13.1%
Total liabilities	$33.14B	$31.37B	$32.36B	$30.49B	+5.6%
Retained earnings	$19.75B	$19.21B	$19.07B	$18.35B	+2.9%
Shareholder equity	$17.98B	$19.58B	$20.06B	$19.55B	-8.2%
Working capital	-$1.04B	-$3.34B	-$3.43B	-$3.17B	+68.9%
Net tangible assets	-$2.03B	-$2.12B	-$1.73B	-$1.86B	+4.1%
Shares issued	576.00M	576.00M	576.00M	576.00M	0.0%

Line item

2025

2024

2023

2022

YoY

Cash & equivalents

$4.77B

$2.35B

$2.38B

$2.77B

+103.1%

Cash & short-term investments

$4.77B

$2.35B

$2.38B

$2.77B

+103.1%

Accounts receivable

$3.07B

$3.13B

$3.38B

$3.12B

-1.8%

Inventory

$3.26B

$3.57B

$3.72B

$3.25B

-8.7%

Total current assets

$12.89B

$10.90B

$11.40B

$11.02B

+18.3%

Property, plant & equipment

$14.54B

$14.68B

$14.77B

$13.62B

-1.0%

Goodwill & intangibles

$20.01B

$21.70B

$21.78B

$21.41B

-7.8%

Total assets

$53.75B

$53.77B

$55.15B

$52.41B

-0.0%

Total current liabilities

$13.93B

$14.24B

$14.82B

$14.19B

-2.1%

Current debt

$2.74B

$2.95B

$3.89B

$3.15B

-7.1%

Long-term debt

$15.02B

$12.75B

$13.09B

$11.99B

+17.8%

Total debt

$19.28B

$17.05B

$18.24B

$16.38B

+13.1%

Total liabilities

$33.14B

$31.37B

$32.36B

$30.49B

+5.6%

Retained earnings

$19.75B

$19.21B

$19.07B

$18.35B

+2.9%

Shareholder equity

$17.98B

$19.58B

$20.06B

$19.55B

-8.2%

Working capital

-$1.04B

-$3.34B

-$3.43B

-$3.17B

+68.9%

Net tangible assets

-$2.03B

-$2.12B

-$1.73B

-$1.86B

+4.1%

Shares issued

576.00M

0.0%

Line item	2025	2024	2023	2022	YoY
Net income	$2.14B	$1.16B	$2.40B	$3.04B	+84.2%
Depreciation & amortisation	$2.57B	$2.55B	$2.88B	$1.79B	+0.7%
Change in working capital	$425.00M	$845.00M	-$178.00M	-$687.00M	-49.7%
Operating cash flow	$5.01B	$5.50B	$4.43B	$4.50B	-8.9%
Capital expenditure	-$2.40B	-$2.46B	-$2.68B	-$2.01B	+2.6%
Investing cash flow	-$2.46B	-$2.44B	-$3.58B	-$2.29B	-0.8%
Share buybacks	-$701.00M	-$5.00M	-$942.00M	-$43.00M	-13,920.0%
Dividends paid	-$1.28B	-$1.20B	-$1.33B	-$1.10B	-6.4%
Financing cash flow	$153.00M	-$2.57B	-$816.00M	-$3.13B	+105.9%
Free cash flow	$2.61B	$3.04B	$1.75B	$2.48B	-14.1%
End cash position	$4.31B	$1.75B	$1.43B	$1.62B	+146.0%

Line item

2025

2024

2023

2022

YoY

Net income

$2.14B

$1.16B

$2.40B

$3.04B

+84.2%

Depreciation & amortisation

$2.57B

$2.55B

$2.88B

$1.79B

+0.7%

Change in working capital

$425.00M

$845.00M

-$178.00M

-$687.00M

-49.7%

Operating cash flow

$5.01B

$5.50B

$4.43B

$4.50B

-8.9%

Capital expenditure

-$2.40B

-$2.46B

-$2.68B

-$2.01B

+2.6%

Investing cash flow

-$2.46B

-$2.44B

-$3.58B

-$2.29B

-0.8%

Share buybacks

-$701.00M

-$5.00M

-$942.00M

-$43.00M

-13,920.0%

Dividends paid

-$1.28B

-$1.20B

-$1.33B

-$1.10B

-6.4%

Financing cash flow

$153.00M

-$2.57B

-$816.00M

-$3.13B

+105.9%

Free cash flow

$2.61B

$3.04B

$1.75B

$2.48B

-14.1%

End cash position

$4.31B

$1.75B

$1.43B

$1.62B

+146.0%

Line item	2025-12-31	2025-06-30	2024-12-31	YoY
Cash & equivalents	$4.77B	—	$2.35B	—
Cash & short-term investments	$4.77B	$2.07B	$2.35B	+131.0%
Accounts receivable	$3.07B	$5.21B	$3.13B	-41.0%
Inventory	$3.26B	$3.46B	$3.57B	-5.8%
Total current assets	$12.89B	—	$10.90B	—
Property, plant & equipment	$14.54B	$14.07B	$14.68B	+3.3%
Goodwill & intangibles	$20.01B	—	$21.70B	—
Total assets	$53.75B	$51.63B	$53.77B	+4.1%
Total current liabilities	$13.93B	$14.86B	$14.24B	-6.3%
Current debt	$2.74B	—	—	—
Long-term debt	$15.02B	—	$12.75B	—
Total debt	$19.28B	$17.59B	$17.05B	+9.6%
Total liabilities	$33.14B	$31.40B	$31.37B	+5.5%
Retained earnings	$19.75B	$19.20B	$19.21B	+2.9%
Shareholder equity	$17.98B	—	$19.58B	—
Working capital	-$1.04B	—	-$3.34B	—
Net tangible assets	-$2.03B	-$2.50B	-$2.12B	+18.8%
Shares issued	576.00M	576.00M	576.00M	0.0%

Line item

2025-12-31

2025-06-30

2024-12-31

YoY

Cash & equivalents

$4.77B

—

$2.35B

—

Cash & short-term investments

$4.77B

$2.07B

$2.35B

+131.0%

Accounts receivable

$3.07B

$5.21B

$3.13B

-41.0%

Inventory

$3.26B

$3.46B

$3.57B

-5.8%

Total current assets

$12.89B

—

$10.90B

—

Property, plant & equipment

$14.54B

$14.07B

$14.68B

+3.3%

Goodwill & intangibles

$20.01B

—

$21.70B

—

Total assets

$53.75B

$51.63B

$53.77B

+4.1%

Total current liabilities

$13.93B

$14.86B

$14.24B

-6.3%

Current debt

$2.74B

—

Long-term debt

$15.02B

—

$12.75B

—

Total debt

$19.28B

$17.59B

$17.05B

+9.6%

Total liabilities

$33.14B

$31.40B

$31.37B

+5.5%

Retained earnings

$19.75B

$19.20B

$19.21B

+2.9%

Shareholder equity

$17.98B

—

$19.58B

—

Working capital

-$1.04B

—

-$3.34B

—

Net tangible assets

-$2.03B

-$2.50B

-$2.12B

+18.8%

Shares issued

576.00M

0.0%

Analyst targets & ownership

Account required

Mean target—

High target—

Low target—

Implied upside—

Analyst count—

Consensus—

Strong buy / Buy— / —

Hold—

Sell / Strong sell— / —

Held by insiders—

Held by institutions—

Institutions holding—

Free account required

Price targets, consensus spread, insider and institutional ownership.

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Moving averages & technicals

Computed from 2Y daily closes

SMA 10

85.47

-3.15% from price

SMA 20

88.00

-5.94% from price

SMA 50

86.15

-3.92% from price

SMA 100

82.28

+0.60% from price

SMA 200

82.31

+0.56% from price

EMA 12

85.48

-3.18% from price

EMA 26

86.56

-4.38% from price

EMA 50

85.77

-3.50% from price

RSI (14)

32.5

Neutral

MACD (12,26,9)

-1.07

Hist -1.03

ATR (14)

1.19

1.44% of price

Realised vol 30D

29.1%

Annualised

Bollinger upper

95.09

20, 2σ

Bollinger lower

80.91

20, 2σ

50 / 200 cross

Golden

86.15 vs 82.31

Trend bias

Above 200

+0.56%

Risk profile

Daily returns · 1Y window

Beta vs SPY

-0.13

Less volatile than market

Correlation to SPY

-0.05

Largely independent

Realised vol 30D

29.1%

Annualised

Market vol 1Y

12.9%

SPY, annualised

Max drawdown 1Y

-23.8%

Peak to trough

Max drawdown 5Y

-44.0%

Peak to trough

ATR 14

1.19

1.44% of price

Beta (reported)

—

5Y monthly, from filing

Headlines

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