Heineken N.V. (HINKF)

Heineken N.V. (HINKF) — VMCI valuation read

Heineken N.V. sits at VMCI 55/100, with the Consumer Defensive sector median at 50. That 5-point spread is the first thing to note on HINKF: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on HINKF are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on HINKF: HINKF trades at 22.0x earnings, 22% above the Consumer Defensive median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Consumer Defensive median (10.0%). The Risk read: net debt to EBITDA of -2.1x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

HINKF rose 4.0% over the trailing 7 days, with a -4.6% read on a 30-day basis.