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. Explore capital reinvestment ratio of Heineken to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore total assets of Heineken for the complete picture of this company's asset base.
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 Heineken stock valuation.
| 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