Heineken
Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific. The company also provides soft drinks. It sells its products under the Heineken, Heineken 0.0, Heineken Silver, Amstel, Moretti, Tiger, Desperados, Edelweiss, Lagunitas, Orchard Thieves, Windhoek, Dos Equis, Red Stripe, Kingfisher, Bintang, Gosser, Affligem, Mort Subite, Strongbow,… Read more
Heineken (HEIA) - Net Assets
Latest net assets as of December 2025: €20.61 Billion EUR
Based on the latest financial reports, Heineken (HEIA) has net assets worth €20.61 Billion EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€53.75 Billion) and total liabilities (€33.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €20.61 Billion |
| % of Total Assets | 38.35% |
| Annual Growth Rate | 7.88% |
| 5-Year Change | 4.64% |
| 10-Year Change | 41.45% |
| Growth Volatility | 21.02 |
Heineken - Net Assets Trend (1999–2025)
This chart illustrates how Heineken's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Heineken (1999–2025)
The table below shows the annual net assets of Heineken from 1999 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €20.61 Billion | -7.98% |
| 2024-12-31 | €22.40 Billion | -1.70% |
| 2023-12-31 | €22.79 Billion | +3.96% |
| 2022-12-31 | €21.92 Billion | +11.27% |
| 2021-12-31 | €19.70 Billion | +36.88% |
| 2020-12-31 | €14.39 Billion | -16.86% |
| 2019-12-31 | €17.31 Billion | +10.20% |
| 2018-12-31 | €15.71 Billion | +8.17% |
| 2017-12-31 | €14.52 Billion | -0.36% |
| 2016-12-31 | €14.57 Billion | -3.30% |
| 2015-12-31 | €15.07 Billion | +12.03% |
| 2014-12-31 | €13.45 Billion | +8.87% |
| 2013-12-31 | €12.36 Billion | -3.18% |
| 2012-12-31 | €12.76 Billion | +26.46% |
| 2011-12-31 | €10.09 Billion | -4.04% |
| 2010-12-31 | €10.52 Billion | +86.24% |
| 2009-12-31 | €5.65 Billion | +18.83% |
| 2008-12-31 | €4.75 Billion | -20.08% |
| 2007-12-31 | €5.95 Billion | +7.72% |
| 2006-12-31 | €5.52 Billion | +22.29% |
| 2005-12-31 | €4.51 Billion | +16.88% |
| 2004-12-31 | €3.86 Billion | -0.95% |
| 2003-12-31 | €3.90 Billion | +32.80% |
| 2002-12-31 | €2.94 Billion | -6.47% |
| 2001-12-31 | €3.14 Billion | +24.56% |
| 2000-12-31 | €2.52 Billion | -12.07% |
| 1999-12-31 | €2.87 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heineken's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1975400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €19.75 Billion | 109.88% |
| Total Equity | €17.98 Billion | 100.00% |
Heineken Competitors by Market Cap
The table below lists competitors of Heineken ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Infosys Limited
F:IOY
|
$40.83 Billion |
|
RTX Corporation
NEO:RTX
|
$40.94 Billion |
|
Consolidated Edison Inc
NYSE:ED
|
$41.05 Billion |
|
American International Group Inc
NYSE:AIG
|
$41.13 Billion |
|
Zijin Mining Group Co Ltd-H
PINK:ZIJMF
|
$40.65 Billion |
|
Ventas Inc
NYSE:VTR
|
$40.60 Billion |
|
Eoptolink Technology Inc Ltd
SHE:300502
|
$40.57 Billion |
|
Rocket Lab USA Inc.
NASDAQ:RKLB
|
$40.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heineken's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,581,000,000 to 17,978,000,000, a change of -1,603,000,000 (-8.2%).
- Net income of 1,885,000,000 contributed positively to equity growth.
- Dividend payments of 1,276,000,000 reduced retained earnings.
- Share repurchases of 701,000,000 reduced equity.
- Other comprehensive income increased equity by 2,259,000,000.
- Other factors decreased equity by 3,770,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.89 Billion | +10.49% |
| Dividends Paid | €1.28 Billion | -7.1% |
| Share Repurchases | €701.00 Million | -3.9% |
| Other Comprehensive Income | €2.26 Billion | +12.57% |
| Other Changes | €-3.77 Billion | -20.97% |
| Total Change | €- | -8.19% |
Book Value vs Market Value Analysis
This analysis compares Heineken's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.37x to 2.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | €5.34 | €71.42 | x |
| 2000-12-31 | €6.11 | €71.42 | x |
| 2001-12-31 | €6.41 | €71.42 | x |
| 2002-12-31 | €5.19 | €71.42 | x |
| 2003-12-31 | €8.08 | €71.42 | x |
| 2004-12-31 | €6.90 | €71.42 | x |
| 2005-12-31 | €8.10 | €71.42 | x |
| 2006-12-31 | €10.22 | €71.42 | x |
| 2007-12-31 | €11.03 | €71.42 | x |
| 2008-12-31 | €9.12 | €71.42 | x |
| 2009-12-31 | €10.92 | €71.42 | x |
| 2010-12-31 | €18.15 | €71.42 | x |
| 2011-12-31 | €16.67 | €71.42 | x |
| 2012-12-31 | €20.30 | €71.42 | x |
| 2013-12-31 | €19.80 | €71.42 | x |
| 2014-12-31 | €21.54 | €71.42 | x |
| 2015-12-31 | €23.62 | €71.42 | x |
| 2016-12-31 | €23.21 | €71.42 | x |
| 2017-12-31 | €23.34 | €71.42 | x |
| 2018-12-31 | €25.45 | €71.42 | x |
| 2019-12-31 | €28.12 | €71.42 | x |
| 2020-12-31 | €23.27 | €71.42 | x |
| 2021-12-31 | €30.13 | €71.42 | x |
| 2022-12-31 | €33.94 | €71.42 | x |
| 2023-12-31 | €35.56 | €71.42 | x |
| 2024-12-31 | €34.93 | €71.42 | x |
| 2025-12-31 | €32.38 | €71.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heineken utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.56%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.99x
- Recent ROE (10.49%) is below the historical average (15.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 19.71% | 7.22% | 1.19x | 2.30x | €254.20 Million |
| 2000 | 25.92% | 7.66% | 1.29x | 2.62x | €381.40 Million |
| 2001 | 24.43% | 8.37% | 1.27x | 2.30x | €453.10 Million |
| 2002 | 33.70% | 8.33% | 1.32x | 3.06x | €602.70 Million |
| 2003 | 25.20% | 8.62% | 0.85x | 3.44x | €481.30 Million |
| 2004 | 15.89% | 5.37% | 0.96x | 3.08x | €199.10 Million |
| 2005 | 19.17% | 7.05% | 0.91x | 2.98x | €364.10 Million |
| 2006 | 24.18% | 10.24% | 0.91x | 2.59x | €710.10 Million |
| 2007 | 14.93% | 6.42% | 0.97x | 2.40x | €266.60 Million |
| 2008 | 4.67% | 1.46% | 0.70x | 4.60x | €-238.10 Million |
| 2009 | 19.02% | 6.91% | 0.73x | 3.77x | €482.90 Million |
| 2010 | 14.04% | 8.90% | 0.61x | 2.60x | €413.20 Million |
| 2011 | 14.63% | 8.35% | 0.63x | 2.78x | €452.60 Million |
| 2012 | 25.22% | 16.04% | 0.51x | 3.08x | €1.78 Billion |
| 2013 | 11.96% | 7.10% | 0.58x | 2.92x | €223.80 Million |
| 2014 | 12.22% | 7.87% | 0.55x | 2.81x | €275.10 Million |
| 2015 | 13.98% | 9.22% | 0.51x | 2.96x | €538.50 Million |
| 2016 | 11.63% | 7.41% | 0.53x | 2.97x | €216.20 Million |
| 2017 | 14.53% | 8.95% | 0.53x | 3.08x | €602.90 Million |
| 2018 | 13.10% | 8.46% | 0.53x | 2.90x | €450.50 Million |
| 2019 | 13.41% | 9.04% | 0.50x | 2.94x | €551.30 Million |
| 2020 | -1.52% | -1.03% | 0.45x | 3.25x | €-1.54 Billion |
| 2021 | 19.15% | 15.02% | 0.44x | 2.87x | €1.59 Billion |
| 2022 | 13.72% | 9.34% | 0.54x | 2.73x | €726.90 Million |
| 2023 | 11.49% | 7.59% | 0.54x | 2.81x | €298.40 Million |
| 2024 | 4.99% | 3.28% | 0.54x | 2.81x | €-980.10 Million |
| 2025 | 10.49% | 6.56% | 0.53x | 2.99x | €87.20 Million |
Industry Comparison
This section compares Heineken's net assets metrics with peer companies in the Beverages - Brewers industry.
No peer company data available for comparison.