Heineken Holding N.V. (HEIO.AS)

Heineken Holding N.V. (HEIO.AS) — VMCI valuation read

Across 120 indicators, Heineken Holding N.V. (HEIO.AS) lands at VMCI 59/100. The Consumer Defensive sector median is 50, so the 9-point above-median read is the active comparison. Pillar weighting on the score: Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%.

No material Form 4 disclosures landed on HEIO.AS in the past 30 days. Quiet insider tape removes one signal source; the active reads stay with the trailing-twelve-month financials and the next 10-Q.

**Investor frame.** On Value, HEIO.AS trades at 15.0x earnings, 17% below the Consumer Defensive median of 18.0x; the EV/EBITDA delta of -2.0x reinforces that single line. On Quality, ROIC of 9.0% trails the Consumer Defensive median (10.0%) by 1.0pp. On Risk, net debt to EBITDA of -0.6x leaves covenant headroom for HEIO.AS on the trailing balance sheet.

HEIO.AS fell 3.9% over the trailing 7 days, with a +2.8% read on a 30-day basis.