
Heineken: Shares Still Cheap Amid Ongoing Demand Concerns
Weak demand continues to weigh on Dutch brewer Heineken, with its shares still trading for a significantly lower P/E valuation compared to the pre-COVID era. Beer volume was soft last year, albeit the premium part of its portfolio continues to grow, which is driving a positive mix effect. Weak demand could be due in part to structural factors, though transient headwinds are also playing a big role.


















