HEINEKEN SP. ADR 1/2 (HNK2) - Net Assets
Based on the latest financial reports, HEINEKEN SP. ADR 1/2 (HNK2) has net assets worth €20.61 Billion EUR (≈ $24.10 Billion USD) 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 ≈ $62.84 Billion USD) and total liabilities (€33.14 Billion ≈ $38.74 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. Check HEINEKEN SP. ADR 1/2 tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €20.61 Billion |
| % of Total Assets | 38.35% |
| Annual Growth Rate | -2.03% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.88 |
HEINEKEN SP. ADR 1/2 - Net Assets Trend (2022–2025)
This chart illustrates how HEINEKEN SP. ADR 1/2's net assets have evolved over time, based on quarterly financial data. See HNK2 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for HEINEKEN SP. ADR 1/2 (2022–2025)
The table below shows the annual net assets of HEINEKEN SP. ADR 1/2 from 2022 to 2025. For live valuation and market cap data, see market cap of HEINEKEN SP. ADR 1/2.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €20.61 Billion ≈ $24.10 Billion |
-7.98% |
| 2024-12-31 | €22.40 Billion ≈ $26.19 Billion |
-1.70% |
| 2023-12-31 | €22.79 Billion ≈ $26.64 Billion |
+3.96% |
| 2022-12-31 | €21.92 Billion ≈ $25.63 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to HEINEKEN SP. ADR 1/2'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 7.6% 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 SP. ADR 1/2 Competitors by Market Cap
The table below lists competitors of HEINEKEN SP. ADR 1/2 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Accton Technology Corp
TW:2345
|
$42.79 Billion |
|
ST GOBAIN ADR 1/5/EO 4
F:GOBU
|
$42.89 Billion |
|
Sun Life Financial Inc.
TO:SLF
|
$42.95 Billion |
|
Itau Unibanco Banco Holding SA
NYSE:ITUB
|
$42.96 Billion |
|
ASM INTL N.V. NY/1 EO-04
F:AVSN
|
$42.69 Billion |
|
Globalfoundries Inc
NASDAQ:GFS
|
$42.37 Billion |
|
Chaozhou Three-circle Group Co Ltd
SHE:300408
|
$42.14 Billion |
|
Autodesk Inc
NASDAQ:ADSK
|
$42.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HEINEKEN SP. ADR 1/2'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 factors decreased equity by 1,511,000,000.
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 Changes | €-1.51 Billion | -8.4% |
| Total Change | €- | -8.19% |
Book Value vs Market Value Analysis
This analysis compares HEINEKEN SP. ADR 1/2'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: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | €33.98 | €33.40 | x |
| 2023-12-31 | €35.47 | €33.40 | x |
| 2024-12-31 | €34.65 | €33.40 | x |
| 2025-12-31 | €32.07 | €33.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HEINEKEN SP. ADR 1/2 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 above the historical average (10.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 13.72% | 9.34% | 0.55x | 2.68x | €726.90 Million |
| 2023 | 11.49% | 7.59% | 0.55x | 2.75x | €298.40 Million |
| 2024 | 4.99% | 3.28% | 0.55x | 2.75x | €-980.10 Million |
| 2025 | 10.49% | 6.56% | 0.53x | 2.99x | €87.20 Million |
Industry Comparison
This section compares HEINEKEN SP. ADR 1/2's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $197,790,005,863
- Average return on equity (ROE) among peers: 7.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HEINEKEN SP. ADR 1/2 (HNK2) | €20.61 Billion | 13.72% | 1.61x | $42.73 Billion |
| BUDWEISER BREW.UNSP.ADR/4 (4BB1) | $10.83 Billion | 8.43% | 0.48x | $11.20 Billion |
| MOLSON COORS CDA EXCH.B (65K) | $13.44 Billion | 7.06% | 0.96x | $301.89 Million |
| AKTIENBRAU.KAUFBEUR (ABK) | $2.35 Million | 3.26% | 4.95x | $5.99 Million |
| Ambev S.A. (AMNA) | $47.98 Billion | 15.28% | 0.81x | $43.57 Billion |
| BHB Brauholding Bayern-Mitte AG (B9B) | $10.81 Million | 0.00% | 0.29x | $6.56 Million |
| CARLSBERG B DK20 ADR 1/5 (CBGC) | $34.72 Billion | -3.06% | 2.32x | $12.20 Billion |
| Compañía Cervecerías Unidas S.A (CVU) | $1.67 Trillion | 9.62% | 1.39x | $1.87 Billion |
| C&C Group PLC (GCC) | $533.60 Million | 12.43% | 1.03x | $430.95 Million |
| Kulmbacher Brauerei Aktien-Gesellschaft (KUL) | $75.08 Million | 10.11% | 2.13x | $123.65 Million |
About HEINEKEN SP. ADR 1/2
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