As of 2025-05-19, the Intrinsic Value of Heineken Holding NV (HEIO.AS) is 180.27 EUR. This HEIO.AS valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 70.65 EUR, the upside of Heineken Holding NV is 155.20%.
The range of the Intrinsic Value is 139.98 - 244.32 EUR
Based on its market price of 70.65 EUR and our intrinsic valuation, Heineken Holding NV (HEIO.AS) is undervalued by 155.20%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 139.98 - 244.32 | 180.27 | 155.2% |
| DCF (Growth 10y) | 188.46 - 313.89 | 237.06 | 235.5% |
| DCF (EBITDA 5y) | 127.09 - 210.11 | 168.47 | 138.5% |
| DCF (EBITDA 10y) | 174.05 - 274.79 | 222.61 | 215.1% |
| Fair Value | 43.22 - 43.22 | 43.22 | -38.82% |
| P/E | 22.27 - 86.60 | 52.68 | -25.4% |
| EV/EBITDA | 78.28 - 171.47 | 129.67 | 83.5% |
| EPV | 197.57 - 269.75 | 233.66 | 230.7% |
| DDM - Stable | 12.10 - 25.31 | 18.70 | -73.5% |
| DDM - Multi | 90.89 - 129.32 | 105.68 | 49.6% |
| Market Cap (mil) | 20,349.32 |
| Beta | 0.85 |
| Outstanding shares (mil) | 288.03 |
| Enterprise Value (mil) | 35,048.32 |
| Market risk premium | 5.10% |
| Cost of Equity | 8.58% |
| Cost of Debt | 4.25% |
| WACC | 6.05% |