27.03.2013
Heineken NV Heineken NV produces and distributes beverages internationally. The Company produces beers, spirits, wines, and soft drinks under various brand names.
Price/Volume
Valuation Analysis Latest Fiscal Year: LTM as of: 52-Week High (27.03.2013) 52-Week Low (19.06.2012) Daily Volume Current Price (3/dd/yy) 52-Week High % Change 52-Week Low % Change % 52 Week Price Range High/Low Shares Out 31.12.2012 Market Capitalization Total Debt Preferred Stock Minority Interest Cash and Equivalents Enterprise Value Relative Stock Price Performance HEIA NA EQUITY YTD Change HEIA NA EQUITY YTD % CHANGE
12/2012 12/yy 60.20 37.04 401'206.00 59.34 -1.41% 60.23% 99.57% 576.0 34'180.00 13'380.00 0.0 1'071.0 1'048.00 47'583.00
Total Revenue TEV/Revenue EBITDA TEV/EBITDA Net Income P/E
3.5 M
60
3.0 M
50
2.5 M
40
2.0 M
30
1.5 M
20
1.0 M
10
.5 M
0 m-12
31.12.2009 31.12.2010 14'701.0 16'133.0 1.68x 1.85x 2'713.0 3'413.0 9.13x 8.73x 1'018.0 1'447.0 15.99x 14.28x Profitability
LTM-4Q 31.12.2011 17'123.0 1.72x 3'383.0 8.70x 1'430.0 14.66x
EBITDA EBIT Operating Margin Pretax Margin Return on Assets Return on Common Equity Return on Capital Asset Turnover Margin Analysis Gross Margin EBITDA Margin EBIT Margin Net Income Margin Structure Current Ratio Quick Ratio Debt to Assets Tot Debt to Common Equity Accounts Receivable Turnover Inventory Turnover
31.12.2012 18'383.0 2.31x 3'471.0 12.24x 2'949.0 9.84x 3'471.00 2'206.00 12.00% 19.77% 9.35% 27.48% 15.70% 0.58% 19.2% 12.0% 16.0% 0.71 0.39 37.19% 114.45% -
Price/ Cash Flow
m-12
j-12
j-12
LTM
12/yy 17'123.0 0.00x 0.0 0.00x 1'430.0 14.64x
a-12
12/yy 18'383.0 0.00x 0.0 0.00x 2'949.0 9.84x
s-12
o-12
n-12
d-12
j-13
.0 M f-13 m-13
FY+1
1.50 0.72 229.43 43.57% 17.57% 0.717 36 3.167 603'411 729'858 730'591 FY+2
FQ+1
FQ+2
12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 20'510.0 21'472.0 2.28x 2.12x 4'576.0 4'915.8 10.40x 9.68x 1'873.1 2'124.3 18.14x 16.09x S&P Issuer Ratings
Long-Term Rating Date Long-Term Rating Long-Term Outlook Short-Term Rating Date Short-Term Rating Credit Ratios EBITDA/Interest Exp. (EBITDA-Capex)/Interest Exp. Net Debt/EBITDA Total Debt/EBITDA Reference Total Debt/Equity Total Debt/Capital Asset Turnover Net Fixed Asset Turnover Accounts receivable turnover-days Inventory Days Accounts Payable Turnover Day Cash Conversion Cycle
02.10.2012 BBB+ STABLE 02.10.2012 A-2 6.30 4.18 3.50 3.80 114.4% 51.2% 0.58 2.21 -
Sales/Revenue/Turnover
10.00
20'000.0
9.00
18'000.0
8.00
16'000.0
7.00
14'000.0
6.00
12'000.0
5.00 4.00
10'000.0 8'000.0
3.00
6'000.0
2.00
4'000.0
1.00
2'000.0
0.00 01.01.2010
a-12
Market Data Dividend Yield Beta Equity Float Short Int 1 Yr Total Return YTD Return Adjusted BETA Analyst Recs Consensus Rating Average Daily Trading Volume Average Volume 5 Day - Average Volume 30 Day - Average Volume 3 Month
Fiscal Year Ended 31.12.2008 14'319.0 1.42x 2'388.0 8.51x 209.0 50.93x
70
0.0 01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |