Compania Cervecerias Unidas SA (CCU) AI Stock Analysis

• Market Cap: $2.61B
• Dividend Yield: 2.53%
• Average Volume (3M): 180.92K
• Price to Earnings (P/E): 18.3
• Beta (1Y): 0.43
• Revenue Growth: 16.59%
• EPS Growth: 1.72%
• Country: US
• Employees: 9,638
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Alcoholic
• EPS (TTM): 0.35
• Shares Outstanding: 184,751,430
• 10 Day Avg. Volume: 169,199
• 30 Day Avg. Volume: 180,916
• PEG Ratio: 0.25
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.72
• P/FCF Ratio: 16.39
• Enterprise Value/Market Cap: 1.17K
• Enterprise Value/Revenue: 1.01
• Enterprise Value/Gross Profit: 2.24
• Enterprise Value/Ebitda: 9.60
• 1Y Price Target: $12.50
• Price Target Upside: -1.19% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: $16.50 ▲(30.43% Upside)
• Action: Upgraded Date: 12/02/25
• Date: Action: Upgraded 12/02/25

Compania Cervecerias Unidas SA's overall stock score is driven by its strong cash flow performance and positive technical indicators. While financial performance shows some challenges, particularly in revenue growth, the company's cash flow strength and operational efficiencies provide a solid base. Technical analysis supports a bullish outlook, though caution is advised due to potential overbought conditions. Valuation and earnings call insights present a balanced view, with both opportunities and challenges.

Positive Factors

Free Cash Flow Strength

Sustained FCF expansion (184.3% TTM) strengthens CCU’s ability to fund dividends, capex, deleveraging and strategic initiatives without relying on external financing. Strong cash conversion provides a durable buffer against cyclical downturns and supports reinvestment in growth and sustainability programs.

Operational EBITDA Momentum

EBITDA growth and margin expansion in Chile reflect durable operational efficiency and pricing power in CCU’s core market. Combined with international segment gains, this operational leverage supports profitability even amid revenue pressure, underpinning long-term cash generation and ability to invest in brand and distribution.

Governance Strengthening

Implementing a formal policy for subsidiary directors and a planned board leadership transition signals stronger governance and oversight. Improved board selection standards and leadership renewal reduce agency risk, improve strategic consistency across subsidiaries and increase investor confidence over the medium term.

Negative Factors

Revenue Decline

A 23.7% TTM revenue decline is a durable red flag for scale and market demand. Persistent top-line contraction can erode fixed-cost coverage, limit margin recovery, constrain reinvestment and weaken bargaining power with retailers and suppliers, making profitability improvements harder to sustain.

Argentina Currency & Market Exposure

Heavy exposure to Argentina creates structural earnings volatility from currency depreciation and volatile domestic demand. Large FX moves compress local prices and translate into lower consolidated revenues and margins, reducing predictability of cash flows and complicating long-term planning and capital allocation.

Wine Segment Weakness

A significant EBITDA and margin deterioration in the wine business reflects structural demand softness and rising input costs. Persistent underperformance in this segment drags consolidated profitability, forces resource reallocation, and may require strategic repositioning or cost restructuring to restore acceptable returns.

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

Compania Cervecerias Unidas SA shows a mixed financial performance. The income statement highlights challenges with declining revenue and profitability, while the balance sheet indicates moderate leverage and stability. The cash flow statement is a bright spot, with significant improvements in free cash flow, providing a solid foundation for future improvements.

Income Statement

The income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) gross profit margin is stable at 45.2%, indicating consistent cost management. However, the net profit margin has decreased to 4.96% from 5.54% in the previous year, reflecting reduced profitability. Revenue growth has been negative in the TTM, with a decline of 23.7%, which is concerning. EBIT and EBITDA margins are relatively stable, suggesting operational efficiency, but the negative revenue growth is a significant drawback.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has improved to 0.86 in the TTM from 0.93 in the previous year, indicating a reduction in leverage. Return on equity is slightly lower at 10.1% compared to 10.55% last year, showing a slight decline in shareholder returns. The equity ratio remains stable, suggesting a balanced capital structure. Overall, the company maintains a reasonable level of financial stability, but the slight decline in ROE is a concern.

Cash Flow

Cash flow analysis reveals a strong performance in the TTM. Free cash flow growth is robust at 184.3%, indicating improved cash generation. The operating cash flow to net income ratio is 0.46, showing adequate cash flow relative to net income. The free cash flow to net income ratio is 0.64, reflecting strong cash conversion. Despite previous fluctuations, the current cash flow metrics suggest a healthy liquidity position and effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.02T	2.90T	2.57T	2.71T	2.48T	1.86T
Gross Profit	1.36T	1.31T	1.19T	1.20T	1.19T	873.56B
EBITDA	317.40B	262.70B	344.05B	211.68B	454.00B	172.32B
Net Income	136.21B	160.94B	105.65B	118.17B	199.16B	96.15B
Balance Sheet
Total Assets	3.60T	3.99T	3.42T	3.60T	2.85T	3.55B
Cash, Cash Equivalents and Short-Term Investments	498.79B	707.95B	621.47B	609.04B	279.58B	575.09M
Total Debt	1.30T	1.41T	1.33T	1.37T	573.65B	706.71M
Total Liabilities	1.98T	2.32T	2.09T	2.16T	1.42T	1.57B
Stockholders Equity	1.48T	1.53T	1.22T	1.32T	1.31T	1.82B
Cash Flow
Free Cash Flow	149.41B	127.43B	164.65B	-157.67B	121.50B	157.88B
Operating Cash Flow	252.35B	287.52B	294.10B	45.94B	293.36B	280.67B
Investing Cash Flow	-105.82B	-118.29B	-137.23B	-236.46B	-178.99B	-140.55B
Financing Cash Flow	-246.88B	-125.04B	-118.04B	537.10B	-233.64B	64.75B

Compania Cervecerias Unidas SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.65
• 50DMA: Positive
• 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 Positive. The current price of 12.65 is below the 20-day moving average (MA) of 14.51, below the 50-day MA of 13.88, and below the 200-day MA of 12.91, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.11 is Neutral, neither overbought nor oversold. The STOCH value of 24.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$50.69B	17.61	17.42%	8.22%	-0.68%	4.29%
CCU	70 Outperform	$2.61B	18.27	9.07%	2.53%	16.59%	1.72%
BUD	68 Neutral	$159.60B	23.14	8.29%	1.83%	-2.06%	21.03%
SAM	68 Neutral	$2.42B	26.81	9.58%	―	-1.13%	24.34%
FMX	65 Neutral	$22.52B	50.23	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	$9.89B	-4.60	-18.35%	4.08%	-4.01%	-339.22%

Compania Cervecerias Unidas SA Corporate Events

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.

Compañía Cervecerías Unidas S.A. Reports Q3 2025 Financial Results

Compañía Cervecerías Unidas S.A. released its interim consolidated financial statements for the nine-month period ending September 30, 2025. The report indicates a decrease in total assets from December 31, 2024, to September 30, 2025, with current assets and non-current assets both showing declines. This financial update provides stakeholders with insights into the company’s financial health and operational adjustments over the period.

The most recent analyst rating on (CCU) stock is a Hold 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 Reports Mixed Financial Results for Q3 2025 Amid Market Challenges

On November 5, 2025, CCU announced its financial results for the third quarter of 2025, which ended on September 30, 2025. The company reported a 1.2% increase in consolidated volumes and a 4.6% rise in EBITDA compared to the same period last year. However, net sales decreased by 1.1% and gross profit fell by 2.9%. Despite a challenging business environment, particularly in Argentina, CCU’s Chilean operations showed resilience with a 4.8% increase in EBITDA. The wine segment faced difficulties due to weaker domestic markets and higher costs. Overall, CCU’s strategic focus on profitability and efficiency has supported its financial performance amidst volatile market conditions.

The most recent analyst rating on (CCU) stock is a Buy 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 Announces Interim Dividend Distribution for 2025

On November 5, 2025, the Board of Directors of Compañía Cervecerías Unidas S.A. approved the distribution of interim dividend No. 271, amounting to CLP 84.0 per share and CLP 168.0 per ADR, totaling CLP 31,038,241,248. This dividend will be paid starting November 27, 2025, to shareholders recorded by midnight on November 21, 2025. This decision reflects the company’s strong financial performance and commitment to returning value to its shareholders, potentially enhancing its market position and stakeholder confidence.

The most recent analyst rating on (CCU) stock is a Buy 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.