Heineken will reach a decision on Distell acquisition by end of September

  • Distell's (OTCPK:DSTZF) CEO Richard Ruston gave Heinekin (OTCQX:HEINY) until the end of September to reach a deal on the merger of the two companies.
  • The South African wine and spirit producer announced a three-fold annual profit increase after South Africa ended its COVID-related ban on alcoholic beverages. Distell said it was delaying its dividend payment and will pay it out if talks with Heinekin concluded unsuccessfully.
  • Heineken confirmed that it was still in negotiations for Distell and that discussions had made progress. Rushton said that there were still material aspects to be agreed on by the end of September: 'It's pretty binary. We will either have covered those aspects successfully or we won't."

    Over the current book year the total revenue will be 21.76 billion euros (consensus estimates). This is hugely more than 2021's revenue of 19.72 billion euros.

    Historical revenues and results Heineken plus estimates 2021

    fundamenteel onderzoek

    The analysts expect for 2021 a net profit of 1.96 billion euros. The majority of the analysts expects for this year a profit per share of 3.36 euros. With this the price/earnings-ratio is 27.39.

    Per share the analysts anticipate on a dividend of 1.23 euros per share. Thus the dividend yield equals 1.34 percent. The average dividend yield of the brewers is a limited 1.45 percent.

    Latest estimates around 115 euros

    The most recent recommendations for the brewer are from Jefferies & Co., Credit Suisse and Deutsche Bank .

    Heineken 's market capitalization is based on the number of outstanding shares around 52.95 billion euros. 22

    At 13.36 the stock trades 1.04 percent lower at 92.04 euros.

    Historical stock prices Heineken2007-2021

    stock heineken

    ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.