Renewer
We return to comment on Heineken N.V. (OTCQX:HEINY) after the release of its H1 results and a share price drop of roughly -8% at the time of writing — a decline we view as unjustified in light of solid operational performance
Heineken: Solid Execution Overshadowed By Overdone Sell-Off
Summary
- Despite an 8% share price drop, Heineken delivered +7.4% core operating profit growth and reaffirmed FY guidance.
- Premium beer outpaced the portfolio, eB2B digital platforms gained traction, and management raised cost-saving targets — supporting operating leverage and our Buy stance.
- The valuation remains attractive at 14.5x P/E; downside risks exist, but current weakness offers a favorable re-entry opportunity.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of HEINY, HINKF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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