Heineken (HEIA) — Cash Flow Reinvestment Rate
Latest as of December 2025:
0.25x
Heineken (HEIA) has a Cash Flow Reinvestment Rate of 0.25x as of December 2025, reinvesting €839.00 Million (capex €839.00 Million ) from operating cash flow of €3.32 Billion. Check cash flow quality index of Heineken to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
0.25x
(Capex + Investments) / Operating CF
Total Reinvested
€839.00 Million
Capex + Investments
Operating Cash Flow
€3.32 Billion
EUR
Capital Expenditures
€839.00 Million
EUR
Heineken Cash Flow Reinvestment Rate (1999–2025)
Historical reinvestment intensity for Heineken across 27 annual periods. Explore Heineken long-term investment intensity to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Heineken (1999–2025)
Year-by-year capital reinvestment analysis for Heineken. For live market cap and broader valuation context, see HEIA market cap.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.48x | €2.40 Billion | €5.01 Billion | €2.40 Billion | ▼ -46.2% |
| 2024 | 0.89x | €4.90 Billion | €5.50 Billion | €2.46 Billion | ▼ -36.9% |
| 2023 | 1.41x | €6.25 Billion | €4.43 Billion | €2.68 Billion | ▲ +47.7% |
| 2022 | 0.96x | €4.30 Billion | €4.50 Billion | €2.01 Billion | ▲ +76.5% |
| 2021 | 0.54x | €2.26 Billion | €4.18 Billion | €1.60 Billion | ▼ -9.7% |
| 2020 | 0.60x | €1.88 Billion | €3.14 Billion | €1.64 Billion | ▼ -47.2% |
| 2019 | 1.14x | €4.93 Billion | €4.34 Billion | €2.10 Billion | ▲ +143.6% |
| 2018 | 0.47x | €2.05 Billion | €4.39 Billion | €1.89 Billion | ▲ +2.1% |
| 2017 | 0.46x | €1.77 Billion | €3.88 Billion | €1.70 Billion | ▼ -54.9% |
| 2016 | 1.01x | €3.76 Billion | €3.72 Billion | €1.76 Billion | ▲ +66.1% |
| 2015 | 0.61x | €2.13 Billion | €3.49 Billion | €1.64 Billion | ▲ +24.5% |
| 2014 | 0.49x | €1.50 Billion | €3.06 Billion | €1.49 Billion | ▼ -3.7% |
| 2013 | 0.51x | €1.48 Billion | €2.91 Billion | €1.37 Billion | ▲ +9.8% |
| 2012 | 0.46x | €1.25 Billion | €2.69 Billion | €1.25 Billion | ▲ +57.5% |
| 2011 | 0.29x | €856.00 Million | €2.91 Billion | €856.00 Million | ▲ +11.0% |
| 2010 | 0.26x | €704.00 Million | €2.66 Billion | €704.00 Million | ▼ -18.9% |
| 2009 | 0.33x | €777.00 Million | €2.38 Billion | €777.00 Million | ▼ -57.0% |
| 2008 | 0.76x | €1.26 Billion | €1.66 Billion | €1.26 Billion | ▲ +14.7% |
| 2007 | 0.66x | €1.15 Billion | €1.73 Billion | €1.15 Billion | ▲ +39.5% |
| 2006 | 0.47x | €877.00 Million | €1.85 Billion | €877.00 Million | ▲ +1.6% |
| 2005 | 0.47x | €874.00 Million | €1.87 Billion | €874.00 Million | ▼ -9.3% |
| 2004 | 0.51x | €657.00 Million | €1.28 Billion | €657.00 Million | ▲ +32.2% |
| 2003 | 0.39x | €637.00 Million | €1.64 Billion | €637.00 Million | ▼ -37.0% |
| 2002 | 0.62x | €731.00 Million | €1.18 Billion | €731.00 Million | ▲ +20.7% |
| 2001 | 0.51x | €596.00 Million | €1.17 Billion | €596.00 Million | ▲ +26.7% |
| 2000 | 0.40x | €418.00 Million | €1.03 Billion | €418.00 Million | ▼ -14.3% |
| 1999 | 0.47x | €441.00 Million | €936.00 Million | €441.00 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow