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Compañía Cervecerías Unidas SNSE:CCU Stock Report

Last Price


Market Cap







08 Aug, 2022


Company Financials +
CCU fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance2/6
Financial Health4/6

CCU Stock Overview

Compañía Cervecerías Unidas S.A. operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay.

Compañía Cervecerías Unidas Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Compañía Cervecerías Unidas
Historical stock prices
Current Share PriceCL$5,010.00
52 Week HighCL$8,359.50
52 Week LowCL$4,882.00
1 Month Change-15.09%
3 Month Change-10.54%
1 Year Change-38.90%
3 Year Change-43.32%
5 Year Change-41.74%
Change since IPO409.90%

Recent News & Updates

Aug 05
Returns On Capital At Compañía Cervecerías Unidas (SNSE:CCU) Have Stalled

Returns On Capital At Compañía Cervecerías Unidas (SNSE:CCU) Have Stalled

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Jul 13
Here's Why Compañía Cervecerías Unidas (SNSE:CCU) Can Manage Its Debt Responsibly

Here's Why Compañía Cervecerías Unidas (SNSE:CCU) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

CCUCL BeverageCL Market

Return vs Industry: CCU underperformed the CL Beverage industry which returned -22.7% over the past year.

Return vs Market: CCU underperformed the CL Market which returned -2.9% over the past year.

Price Volatility

Is CCU's price volatile compared to industry and market?
CCU volatility
CCU Average Weekly Movement3.2%
Beverage Industry Average Movement3.5%
Market Average Movement3.6%
10% most volatile stocks in CL Market7.3%
10% least volatile stocks in CL Market1.4%

Stable Share Price: CCU is not significantly more volatile than the rest of CL stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CCU's weekly volatility (3%) has been stable over the past year.

About the Company

18509,395Patricio Jottar Nasrallah

Compañía Cervecerías Unidas S.A. operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.

Compañía Cervecerías Unidas Fundamentals Summary

How do Compañía Cervecerías Unidas's earnings and revenue compare to its market cap?
CCU fundamental statistics
Market CapCL$1.85t
Earnings (TTM)CL$169.90b
Revenue (TTM)CL$2.70t


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CCU income statement (TTM)
Cost of RevenueCL$1.47t
Gross ProfitCL$1.23t
Other ExpensesCL$1.06t

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)459.81
Gross Margin45.58%
Net Profit Margin6.28%
Debt/Equity Ratio81.5%

How did CCU perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is CCU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CCU?

Other financial metrics that can be useful for relative valuation.

CCU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA6.1x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does CCU's PE Ratio compare to its peers?

CCU PE Ratio vs Peers
The above table shows the PE ratio for CCU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.9x
ANDINA-B Embotelladora Andina
CONCHATORO Viña Concha y Toro
AQUACHILE Empresas AquaChile
EMBONOR-A Coca-Cola Embonor
CCU Compañía Cervecerías Unidas

Price-To-Earnings vs Peers: CCU is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

How does CCU's PE Ratio compare vs other companies in the Global Beverage Industry?

Price-To-Earnings vs Industry: CCU is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the CL Beverage industry average (9.3x)

Price to Earnings Ratio vs Fair Ratio

What is CCU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CCU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ratio13.9x

Price-To-Earnings vs Fair Ratio: CCU is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

Share Price vs Fair Value

What is the Fair Price of CCU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CCU (CLP5010) is trading below our estimate of fair value (CLP15972.28)

Significantly Below Fair Value: CCU is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Future Growth

How is Compañía Cervecerías Unidas forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score


Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCU's forecast earnings growth (12.7% per year) is above the savings rate (7.7%).

Earnings vs Market: CCU's earnings (12.7% per year) are forecast to grow faster than the CL market (0.3% per year).

High Growth Earnings: CCU's earnings are forecast to grow, but not significantly.

Revenue vs Market: CCU's revenue (4.6% per year) is forecast to grow faster than the CL market (2.7% per year).

High Growth Revenue: CCU's revenue (4.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CCU's Return on Equity is forecast to be low in 3 years time (13.1%).

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Past Performance

How has Compañía Cervecerías Unidas performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CCU has high quality earnings.

Growing Profit Margin: CCU's current net profit margins (6.3%) are lower than last year (7.3%).

Past Earnings Growth Analysis

Earnings Trend: CCU's earnings have declined by 4.2% per year over the past 5 years.

Accelerating Growth: CCU's earnings growth over the past year (12.9%) exceeds its 5-year average (-4.2% per year).

Earnings vs Industry: CCU earnings growth over the past year (12.9%) underperformed the Beverage industry 20.1%.

Return on Equity

High ROE: CCU's Return on Equity (12.7%) is considered low.

Discover strong past performing companies

Financial Health

How is Compañía Cervecerías Unidas's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CCU's short term assets (CLP1,577.6B) exceed its short term liabilities (CLP738.3B).

Long Term Liabilities: CCU's short term assets (CLP1,577.6B) exceed its long term liabilities (CLP1,248.5B).

Debt to Equity History and Analysis

Debt Level: CCU's net debt to equity ratio (37.3%) is considered satisfactory.

Reducing Debt: CCU's debt to equity ratio has increased from 16% to 81.5% over the past 5 years.

Debt Coverage: CCU's debt is not well covered by operating cash flow (11.5%).

Interest Coverage: CCU's interest payments on its debt are well covered by EBIT (9.8x coverage).

Balance Sheet

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What is Compañía Cervecerías Unidas's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CCU's dividend (7.98%) is higher than the bottom 25% of dividend payers in the CL market (4.44%).

High Dividend: CCU's dividend (7.98%) is low compared to the top 25% of dividend payers in the CL market (13.88%).

Stability and Growth of Payments

Stable Dividend: CCU's dividend payments have been volatile in the past 10 years.

Growing Dividend: CCU's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (87%), CCU's payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: CCU is paying a dividend but the company has no free cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Patricio Jottar Nasrallah (59 yo)



Mr. Patricio Jottar Nasrallah has been the Chief Executive Officer at Compania Cervecerias Unidas S.A. (CCU), a subsidiary of Quiñenco SA (formerly known as Quinenco SA) since July 1998. Mr. Nasrallah serv...

Leadership Team

Experienced Management: CCU's management team is seasoned and experienced (7.4 years average tenure).

Board Members

Experienced Board: CCU's board of directors are considered experienced (9.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Compañía Cervecerías Unidas S.A.'s employee growth, exchange listings and data sources

Key Information

  • Name: Compañía Cervecerías Unidas S.A.
  • Ticker: CCU
  • Exchange: SNSE
  • Founded: 1850
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: CL$1.851t
  • Shares outstanding: 369.50m
  • Website:

Number of Employees


  • Compañía Cervecerías Unidas S.A.
  • Vitacura 2670
  • Twenty-Third Floor
  • Santiago de Chile
  • Region Metropolitana (Santiago)
  • Chile


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.