Compania Cervecerias Unidas SA (CCU) AI Stock Analysis

• Market Cap: $2.49B
• Dividend Yield: 2.53%
• Average Volume (3M): 180.92K
• Price to Earnings (P/E): 20.0
• Beta (1Y): 0.45
• Revenue Growth: 16.59%
• EPS Growth: 1.72%
• Country: US
• Employees: 9,638
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Alcoholic
• EPS (TTM): 0.39
• Shares Outstanding: 184,751,430
• 10 Day Avg. Volume: 169,199
• 30 Day Avg. Volume: 180,916
• PEG Ratio: -0.63
• Price to Book (P/B): 1.44
• Price to Sales (P/S): 0.77
• P/FCF Ratio: 23.19
• Enterprise Value/Market Cap: 1.20K
• Enterprise Value/Revenue: 1.03
• Enterprise Value/Gross Profit: 2.33
• Enterprise Value/Ebitda: 11.05
• 1Y Price Target: $12.50
• Price Target Upside: -1.19% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): 803.65
• Revenue Forecast (FY): $3.10T

• Rating: 53 Neutral
• Price Target: $13.50 ▲(6.72% Upside)
• Action: Downgraded Date: 02/27/26
• Date: Action: Downgraded 02/27/26

The score is held back mainly by weakening recent financial results (lower revenue/earnings and a sharp free-cash-flow decline) and soft technical momentum (negative MACD and sub-50 RSI). Offsetting factors include reasonable valuation with a moderate dividend and a mixed-but-constructive 2026 outlook focused on margin improvement, though significant risks remain from Argentina and the Wine segment.

Positive Factors

Chile segment recovery & margin expansion

CCU's core Chile business delivered mid-single-digit EBITDA growth and margin expansion in 2025, driven by recovered volumes and price mix. A stronger domestic engine provides stable cash generation and earnings resilience that can support group performance even if other segments lag.

Innovation-led RTD and water growth

Sustained double-digit growth in RTD, flavored low-alcohol and enhanced water drives higher-margin categories and portfolio diversification. These structural shifts capture consumer trends, improve revenue mix, and offer durable margin upside versus legacy beer volumes over the next several quarters.

Regional scale & distribution partnerships

Broader regional footprint and new distribution agreements expand route-to-market scale, lower unit distribution costs, and enable cross-category sales. These structural advantages support volume growth and operating leverage across markets, improving long-term revenue stability.

Negative Factors

Argentina-driven international weakness

Heavy exposure to Argentina creates a persistent earnings volatility source: pricing below inflation, translation effects and soft demand drove a large EBITDA drop. This structural market weakness can continue to drag consolidated profitability until pricing and demand normalize.

Wine segment deterioration

The wine business has seen steep declines in volumes, prices and margins, driven by weaker exports and adverse mix. Wine is capital and inventory intensive; prolonged underperformance pressures consolidated margins and cash conversion and limits redeployable capital.

Weaker cash generation & meaningful leverage

Material FCF contraction and less-consistent OCF reduce financial flexibility. Combined with an elevated debt load historically (~0.9x debt/equity and management targeting net debt/EBITDA ≈2x), weaker cash conversion limits investment optionality and raises rating and liquidity risk if earnings stay pressured.

Compania Cervecerias Unidas SA Business Overview & Revenue Model

Company Description

Compania Cervecerias Unidas SA (CCU) is a leading beverage company based in Chile, primarily engaged in the production and distribution of a wide range of alcoholic and non-alcoholic beverages. The company operates in various sectors, including brewing, soft drinks, and bottled water. CCU's core products include beer, sparkling water, and fruit beverages, with a portfolio that features both proprietary brands and licensed products. The company has a strong presence in Chile and has expanded its operations into other Latin American markets.

How the Company Makes Money

CCU generates revenue primarily through the sale of its diverse beverage offerings. The company's key revenue streams include the sale of beer, which is one of its largest segments, as well as non-alcoholic beverages such as soft drinks and bottled water. CCU also benefits from partnerships with international brands, allowing it to produce and distribute licensed products, which contributes to its earnings. Additionally, the company leverages its extensive distribution network to reach a wide customer base across various retail channels, including supermarkets, convenience stores, and restaurants, thereby enhancing its market penetration and revenue potential.

Compania Cervecerias Unidas SA Financial Statement Overview

Summary

Profitability and cash generation weakened in the latest year: revenue fell in 2025 and net income declined versus 2024, while operating cash flow and free cash flow contracted materially. Leverage is manageable but still meaningful, which reduces flexibility if earnings remain pressured.

Income Statement

Profitability remains positive but has weakened. Revenue fell in 2025 (down 8.5%) after growth in 2024, and net income declined meaningfully versus 2024 (111.4B vs. 160.9B). Operating profit also stepped down from 2024, suggesting pressure on the earnings base despite still-solid scale.

Balance Sheet

Leverage looks manageable but elevated for a consumer staple. Total debt is high relative to equity (about 0.93x in 2024), though it improved from 2023 (~1.09x) and equity has grown over time. Total assets dipped in 2025 versus 2024, and the balance sheet carries meaningful debt load that can limit flexibility if earnings stay under pressure.

Cash Flow

Cash generation is positive but less consistent and recently weaker. Operating cash flow declined in 2025 (227.3B vs. 287.5B in 2024) and free cash flow fell sharply (down 38.5% in 2025). While free cash flow has been positive lately, the history includes a large negative free cash flow year in 2022, indicating potential volatility in cash conversion and/or investment needs.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.77T	2.90T	2.57T	2.71T	2.48T
Gross Profit	1.23T	1.31T	1.19T	1.20T	1.19T
EBITDA	350.84B	262.70B	344.05B	211.68B	454.00B
Net Income	111.40B	160.94B	105.65B	118.17B	199.16B
Balance Sheet
Total Assets	3.76T	3.99T	3.42T	3.60T	2.85T
Cash, Cash Equivalents and Short-Term Investments	530.62B	707.95B	621.47B	609.04B	279.58B
Total Debt	1.33T	1.41T	1.33T	1.37T	573.65B
Total Liabilities	2.14T	2.32T	2.09T	2.16T	1.42T
Stockholders Equity	1.48T	1.53T	1.22T	1.32T	1.31T
Cash Flow
Free Cash Flow	91.92B	127.43B	164.65B	-157.67B	121.50B
Operating Cash Flow	227.31B	287.52B	294.10B	45.94B	293.36B
Investing Cash Flow	-156.23B	-118.29B	-137.23B	-236.46B	-178.99B
Financing Cash Flow	-196.43B	-125.04B	-118.04B	537.10B	-233.64B

Compania Cervecerias Unidas SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.65
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCU, the sentiment is Negative. The current price of 12.65 is below the 20-day moving average (MA) of 14.37, below the 50-day MA of 13.89, and below the 200-day MA of 12.90, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 38.30 is Neutral, neither overbought nor oversold. The STOCH value of 22.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CCU.

Compania Cervecerias Unidas SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABEV	80 Outperform	$49.96B	17.78	17.42%	8.22%	-0.68%	4.29%
BUD	68 Neutral	$161.34B	23.42	8.29%	1.83%	-2.06%	21.03%
SAM	68 Neutral	$2.37B	23.27	12.31%	―	-1.13%	24.34%
FMX	65 Neutral	$22.59B	22.85	5.48%	4.33%	1.44%	-38.87%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TAP	54 Neutral	$9.71B	-4.51	-18.35%	4.08%	-4.01%	-339.22%
CCU	53 Neutral	$2.49B	20.00	9.07%	2.53%	16.59%	1.72%

Compania Cervecerias Unidas SA Corporate Events

CCU Publishes 2025 Consolidated Financial Statements, Showing Lower Asset Base Versus 2024

Compañía Cervecerías Unidas S.A. and its subsidiaries have released their consolidated financial statements for the year ended December 31, 2025, prepared in thousands of Chilean pesos. The report details the group’s assets, liabilities, equity and accounting policies, offering investors and analysts an updated view of CCU’s financial position at the close of 2025, including shifts in cash, receivables, inventories and long-term assets compared with 2024.

The 2025 statements show total assets of Ch$3.65 trillion, down from Ch$3.99 trillion a year earlier, reflecting lower cash and cash equivalents, inventories and certain non-current assets. These disclosures provide transparency on CCU’s capital structure, risk management and segment information, and will inform stakeholders’ assessment of the company’s financial strength, investment needs and strategic flexibility in the regional beverage market.

The most recent analyst rating on (CCU) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Compania Cervecerias Unidas SA stock, see the CCU Stock Forecast page.

CCU Reports Weaker 4Q25 Earnings as Argentina and Wine Weigh on Otherwise Solid Chile Performance

On February 24, 2026, CCU reported its consolidated results for the fourth quarter and full year 2025, showing modest volume growth but weaker financial performance versus 2024. For 4Q25, consolidated volumes rose 0.6%, net sales fell 11.8%, gross profit declined 15.2%, EBITDA dropped 17.2% to CLP 151,201 million and net income contracted 25.7% to CLP 55,096 million, with earnings per share at CLP 149.1.

For full-year 2025, excluding a non-recurring land sale gain booked in 2024, EBITDA declined 2.9% to CLP 376,208 million and net income fell 16.3% to CLP 117,152 million, despite total volumes growing 7.3% to 36.2 million hectoliters and flat reported net sales. Performance was robust in Chile, where EBITDA grew 7.8% and margins improved, but was offset by a 29.5% EBITDA contraction in the International Business segment and a 14.9% drop in Wine amid a particularly difficult environment in Argentina and softer wine markets.

Management highlighted that, excluding Argentina, consolidated EBITDA would have grown mid-single digit for 2025 and low-single digit in 4Q25, underscoring Argentina’s drag on group results. The Chile segment returned to volume growth after three years of contraction, driven by non-alcoholic categories and high-margin innovations, while CCU also advanced its 2025–2027 strategic plan by integrating PepsiCo’s beverage and snacks distribution in Paraguay, expanding its water and beer scale regionally, and progressing on sustainability and human capital milestones.

The most recent analyst rating on (CCU) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Compania Cervecerias Unidas SA stock, see the CCU Stock Forecast page.

CCU Announces Leadership Transition as Chairman Francisco Pérez Mackenna Resigns

On January 21, 2026, Compañía Cervecerías Unidas S.A. announced that long-serving chairman and director Francisco Pérez Mackenna resigned his positions effective January 31, 2026, with the board formally accepting his resignation and acknowledging his contributions. The board appointed Macario Valdés Raczynski as a replacement director effective February 1, 2026, pending a full board renewal at the next ordinary shareholders’ meeting, and named Pablo Granifo Lavín as the new chairman to assume leadership once Pérez’s resignation takes effect, signaling a planned transition at the top of CCU’s governance structure that could shape the company’s strategic direction across its regional beverage operations.

The most recent analyst rating on (CCU) stock is a Sell with a $11.00 price target. To see the full list of analyst forecasts on Compania Cervecerias Unidas SA stock, see the CCU Stock Forecast page.

CCU Approves New Governance Policy for Subsidiary Directors

On December 3, 2025, the Board of Directors of Compañía Cervecerías Unidas S.A. (CCU) acknowledged the approval of a new General Policy for the Election of Directors in Subsidiary Companies by its parent company, Inversiones y Rentas S.A. This policy, set to take effect on December 11, 2025, aligns with Chilean corporate law and regulatory guidelines. The policy aims to enhance governance practices and will be accessible to shareholders and interested parties through CCU’s corporate offices and website. This development is expected to strengthen CCU’s governance framework and potentially impact its operational efficiency and stakeholder relations.

The most recent analyst rating on (CCU) stock is a Sell with a $11.00 price target. To see the full list of analyst forecasts on Compania Cervecerias Unidas SA stock, see the CCU Stock Forecast page.