Heineken NV
OTC:HINKF
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (8.8), the stock would be worth $86.05 (11% upside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 7.9 | $77.86 |
0%
|
| 3-Year Average | 8.8 | $86.05 |
+11%
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| 5-Year Average | 9.3 | $91.42 |
+17%
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| Industry Average | 7.8 | $76.71 |
-1%
|
| Country Average | 12.4 | $121.53 |
+56%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
$55.9B
|
/ |
Jan 2026
€6.3B
|
= |
|
|
$55.9B
|
/ |
Dec 2026
€7B
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= |
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$55.9B
|
/ |
Dec 2027
€7.4B
|
= |
|
|
$55.9B
|
/ |
Dec 2028
€7.8B
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| NL |
|
Heineken NV
OTC:HINKF
|
38B USD | 7.9 | 20 | |
| BE |
|
Anheuser Busch Inbev SA
XETRA:1NBA
|
121.1B EUR | 9.4 | 20.7 | |
| BE |
|
Anheuser-Busch Inbev SA
MIL:ABI
|
114B EUR | 9.8 | 28 | |
| BR |
|
Ambev SA
BOVESPA:ABEV3
|
234.2B BRL | 7.3 | 14.9 | |
| NL |
|
Heineken Holding NV
AEX:HEIO
|
17.2B EUR | 4.5 | 17.7 | |
| DK |
|
Carlsberg A/S
CSE:CARL B
|
108.3B DKK | 8.8 | 17.8 | |
| JP |
|
Asahi Group Holdings Ltd
TSE:2502
|
2.4T JPY | 7.8 | 15.1 | |
| HK |
|
Budweiser Brewing Company APAC Ltd
HKEX:1876
|
100.2B HKD | 8.3 | 26.2 | |
| JP |
|
Kirin Holdings Co Ltd
TSE:2503
|
2T JPY | 8.1 | 13.6 | |
| CN |
|
Tsingtao Brewery Co Ltd
SSE:600600
|
84.4B CNY | 11.8 | 18.4 | |
| HK |
|
China Resources Beer Holdings Co Ltd
HKEX:291
|
83.9B HKD | 9.3 | 22 |
Market Distribution
| Min | 0 |
| 30th Percentile | 7.9 |
| Median | 12.4 |
| 70th Percentile | 19.3 |
| Max | 706 |
Other Multiples
Heineken NV
Glance View
Heineken NV, founded in 1864 by Gerard Adriaan Heineken in Amsterdam, has grown to become one of the leading brewers in the world. This transformation from a local brewery to a global juggernaut showcases Heineken's keen adaptability and strategic foresight. The company's operations stretch across continents, with a portfolio boasting over 300 brands, including its flagship Heineken beer, which enjoys iconic status worldwide. Through strategic acquisitions, such as the purchase of Asia Pacific Breweries and Brazil's Kirin business, Heineken has established a significant presence in emerging markets. This geographical diversity not only shields the company from regional economic downturns but also positions it favorably in burgeoning beer markets where per capita consumption is on the rise. The essence of Heineken's business model lies in the seamless blend of traditional beer brewing heritage with cutting-edge technology and innovation. Heineken thrives on its robust distribution networks and strong brand recognition, ensuring its products are available in over 190 countries. By combining global scale with local market customization, Heineken effectively taps into varying consumer preferences around the world. Beyond beer production, the company capitalizes on brand licensing agreements, joint ventures, and premium product expansions to reinforce its market position. This dynamic approach enables Heineken to maintain steady revenue streams and profitability, drawing from a mosaic of global beer cultures and the evolving tastes of consumers.