Heineken Holding NV (HEIO) - Net Assets
Based on the latest financial reports, Heineken Holding NV (HEIO) has net assets worth €19.92 Billion EUR (≈ $23.29 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€51.32 Billion ≈ $60.00 Billion USD) and total liabilities (€31.40 Billion ≈ $36.71 Billion USD). 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. Explore Heineken Holding NV operating cash flow efficiency to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €19.92 Billion |
| % of Total Assets | 38.82% |
| Annual Growth Rate | 9.47% |
| 5-Year Change | 53.59% |
| 10-Year Change | 46.68% |
| Growth Volatility | 21.23 |
Heineken Holding NV - Net Assets Trend (2000–2024)
This chart illustrates how Heineken Holding NV's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see HEIO stock market capitalisation.
Annual Net Assets for Heineken Holding NV (2000–2024)
The table below shows the annual net assets of Heineken Holding NV from 2000 to 2024. Read Heineken Holding NV (HEIO) financial obligations for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €22.10 Billion ≈ $25.84 Billion |
-1.29% |
| 2023-12-31 | €22.39 Billion ≈ $26.18 Billion |
+2.16% |
| 2022-12-31 | €21.92 Billion ≈ $25.63 Billion |
+11.27% |
| 2021-12-31 | €19.70 Billion ≈ $23.03 Billion |
+36.88% |
| 2020-12-31 | €14.39 Billion ≈ $16.83 Billion |
-16.86% |
| 2019-12-31 | €17.31 Billion ≈ $20.24 Billion |
+11.40% |
| 2018-12-31 | €15.54 Billion ≈ $18.17 Billion |
+7.02% |
| 2017-12-31 | €14.52 Billion ≈ $16.98 Billion |
-0.36% |
| 2016-12-31 | €14.57 Billion ≈ $17.04 Billion |
-3.30% |
| 2015-12-31 | €15.07 Billion ≈ $17.62 Billion |
+12.03% |
| 2014-12-31 | €13.45 Billion ≈ $15.73 Billion |
+8.87% |
| 2013-12-31 | €12.36 Billion ≈ $14.45 Billion |
-3.18% |
| 2012-12-31 | €12.76 Billion ≈ $14.92 Billion |
+26.46% |
| 2011-12-31 | €10.09 Billion ≈ $11.80 Billion |
-4.04% |
| 2010-12-31 | €10.52 Billion ≈ $12.30 Billion |
+86.24% |
| 2009-12-31 | €5.65 Billion ≈ $6.60 Billion |
+18.83% |
| 2008-12-31 | €4.75 Billion ≈ $5.56 Billion |
-20.08% |
| 2007-12-31 | €5.95 Billion ≈ $6.95 Billion |
+7.72% |
| 2006-12-31 | €5.52 Billion ≈ $6.45 Billion |
+22.29% |
| 2005-12-31 | €4.51 Billion ≈ $5.28 Billion |
+20.92% |
| 2004-12-31 | €3.73 Billion ≈ $4.36 Billion |
-4.26% |
| 2003-12-31 | €3.90 Billion ≈ $4.56 Billion |
+32.80% |
| 2002-12-31 | €2.94 Billion ≈ $3.43 Billion |
-6.47% |
| 2001-12-31 | €3.14 Billion ≈ $3.67 Billion |
+24.56% |
| 2000-12-31 | €2.52 Billion ≈ $2.95 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Heineken Holding NV'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 931000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €9.31 Billion | 97.53% |
| Common Stock | €461.00 Million | 4.83% |
| Other Comprehensive Income | €-1.48 Billion | -15.52% |
| Other Components | €1.26 Billion | 13.17% |
| Total Equity | €9.55 Billion | 100.00% |
Heineken Holding NV Competitors by Market Cap
The table below lists competitors of Heineken Holding NV ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great Wall Motor Co Ltd
SHG:601633
|
$18.47 Billion |
|
Banco de Chile
F:G4RA
|
$18.49 Billion |
|
PTT Exploration and Production Public Company Limited
BK:PTTEP
|
$18.50 Billion |
|
KNORR-BREMS. UNSP.ADRS1/4
F:KBXA
|
$18.50 Billion |
|
COCA COLA HBC AG ADRS
F:CCKC
|
$18.44 Billion |
|
AIB Group PLC
IR:A5G
|
$18.42 Billion |
|
DSM-Firmenich AG
AS:DSFIR
|
$18.41 Billion |
|
ideaForge Technology Limited
NSE:IDEAFORGE
|
$18.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heineken Holding NV's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,733,000,000 to 9,546,000,000, a change of -187,000,000 (-1.9%).
- Net income of 498,000,000 contributed positively to equity growth.
- Dividend payments of 1,199,000,000 reduced retained earnings.
- Share repurchases of 5,000,000 reduced equity.
- Other comprehensive income decreased equity by 249,000,000.
- Other factors increased equity by 768,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €498.00 Million | +5.22% |
| Dividends Paid | €1.20 Billion | -12.56% |
| Share Repurchases | €5.00 Million | -0.05% |
| Other Comprehensive Income | €-249.00 Million | -2.61% |
| Other Changes | €768.00 Million | +8.05% |
| Total Change | €- | -1.92% |
Book Value vs Market Value Analysis
This analysis compares Heineken Holding NV'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: 1.80x
- 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 9.14x to 1.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €6.64 | €60.75 | x |
| 2005-12-31 | €16.20 | €60.75 | x |
| 2006-12-31 | €20.44 | €60.75 | x |
| 2007-12-31 | €22.06 | €60.75 | x |
| 2008-12-31 | €1.19 | €60.75 | x |
| 2009-12-31 | €10.95 | €60.75 | x |
| 2010-12-31 | €17.18 | €60.75 | x |
| 2011-12-31 | €16.68 | €60.75 | x |
| 2012-12-31 | €20.02 | €60.75 | x |
| 2013-12-31 | €19.51 | €60.75 | x |
| 2014-12-31 | €21.27 | €60.75 | x |
| 2015-12-31 | €23.44 | €60.75 | x |
| 2016-12-31 | €22.91 | €60.75 | x |
| 2017-12-31 | €23.03 | €60.75 | x |
| 2018-12-31 | €24.85 | €60.75 | x |
| 2019-12-31 | €27.82 | €60.75 | x |
| 2020-12-31 | €22.95 | €60.75 | x |
| 2021-12-31 | €29.88 | €60.75 | x |
| 2022-12-31 | €33.74 | €60.75 | x |
| 2023-12-31 | €34.28 | €60.75 | x |
| 2024-12-31 | €33.75 | €60.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heineken Holding NV 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): 5.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.67%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 5.74x
- Recent ROE (5.22%) is below the historical average (23.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 19.72% | 3.19% | 0.93x | 6.62x | €158.20 Million |
| 2005 | 9.60% | 3.53% | 0.91x | 2.98x | €-15.90 Million |
| 2006 | 12.10% | 5.12% | 0.91x | 2.59x | €105.10 Million |
| 2007 | 7.48% | 3.22% | 0.97x | 2.40x | €-136.40 Million |
| 2008 | 118.84% | 2.42% | 0.70x | 70.42x | €317.80 Million |
| 2009 | 42.58% | 7.77% | 0.73x | 7.52x | €873.80 Million |
| 2010 | 33.35% | 9.72% | 0.61x | 5.65x | €1.10 Billion |
| 2011 | 32.47% | 9.11% | 0.63x | 5.65x | €1.08 Billion |
| 2012 | 25.62% | 8.03% | 0.51x | 6.24x | €900.40 Million |
| 2013 | 12.15% | 3.56% | 0.58x | 5.93x | €121.00 Million |
| 2014 | 12.41% | 3.95% | 0.55x | 5.69x | €147.50 Million |
| 2015 | 14.18% | 4.67% | 0.54x | 5.59x | €282.00 Million |
| 2016 | 11.81% | 3.75% | 0.53x | 5.96x | €119.20 Million |
| 2017 | 14.73% | 4.46% | 0.53x | 6.19x | €313.70 Million |
| 2018 | 13.43% | 4.28% | 0.54x | 5.86x | €245.20 Million |
| 2019 | 29.70% | 9.90% | 0.52x | 5.82x | €1.57 Billion |
| 2020 | -1.33% | -0.45% | 0.46x | 6.46x | €-748.40 Million |
| 2021 | 41.14% | 16.11% | 0.45x | 5.68x | €2.68 Billion |
| 2022 | 31.35% | 10.58% | 0.55x | 5.41x | €2.07 Billion |
| 2023 | 12.06% | 3.87% | 0.55x | 5.63x | €200.70 Million |
| 2024 | 5.22% | 1.67% | 0.54x | 5.74x | €-456.60 Million |
Industry Comparison
This section compares Heineken Holding NV's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $2,866,000,000
- Average return on equity (ROE) among peers: 18.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heineken Holding NV (HEIO) | €19.92 Billion | 19.72% | 1.58x | $18.45 Billion |
| Heineken (HEIA) | $2.87 Billion | 18.00% | 1.10x | $42.60 Billion |
About Heineken Holding NV
Heineken Holding N.V., together with its subsidiaries, engages in brewing and selling beer and cider in the Netherlands 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.