As of 2025-05-19, the Intrinsic Value of Heineken NV (HEIA.AS) is 116.48 EUR. This HEIA.AS valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 78.78 EUR, the upside of Heineken NV is 47.90%.
The range of the Intrinsic Value is 73.65 - 238.98 EUR
Based on its market price of 78.78 EUR and our intrinsic valuation, Heineken NV (HEIA.AS) is undervalued by 47.90%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 73.65 - 238.98 | 116.48 | 47.9% |
| DCF (Growth 10y) | 87.86 - 257.98 | 132.23 | 67.8% |
| DCF (EBITDA 5y) | 51.72 - 89.35 | 70.94 | -10.0% |
| DCF (EBITDA 10y) | 68.33 - 112.14 | 89.81 | 14.0% |
| Fair Value | 42.45 - 42.45 | 42.45 | -46.12% |
| P/E | 23.09 - 39.39 | 31.10 | -60.5% |
| EV/EBITDA | 40.40 - 79.45 | 69.39 | -11.9% |
| EPV | 101.90 - 145.11 | 123.51 | 56.8% |
| DDM - Stable | 16.89 - 56.62 | 36.75 | -53.3% |
| DDM - Multi | 40.56 - 93.10 | 55.20 | -29.9% |
| Market Cap (mil) | 45,377.28 |
| Beta | 0.78 |
| Outstanding shares (mil) | 576.00 |
| Enterprise Value (mil) | 60,076.28 |
| Market risk premium | 5.10% |
| Cost of Equity | 6.87% |
| Cost of Debt | 4.25% |
| WACC | 5.82% |