Compania Cervecerias Unidas S.A.

Compania Cervecerias Unidas S.A.

5,277.90
CLP
-2.10
(-0.04%)
339.87EPS
18.17P/E
1.88TMarket Cap
Nov 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3,608.21
3,512.74
4,055.1
4,218.91
4,596.34
4,826.17
4,932.41
5,027.28
6,724.47
7,338.06
6,943.26
7,860.74
7,874.43
7,954.86
Basic EPS, GAAP
370.81
287.52
326.95
320.59
350.76
830.55
352.21
260.22
539
319.8
285.93
435.57
317.05
280.74
Free Cash Flow per Basic Share
209.75
-152.8
237.56
- -
369.13
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
191.92
176.77
179.02
188.96
203.32
202.5
590.08
276.41
741.91
428.47
177.49
221.37
211.97
193.26
Book Value per Share
2,675.69
2,775.59
2,862.81
2,915.53
2,979.89
3,464.46
3,594.16
3,508.97
3,538.86
3,558.91
3,297.31
4,127.66
3,983.54
3,859.42
Tangible Book Value per Share
2,280.82
2,354.92
2,399.06
2,442.3
2,515.34
2,809.5
2,916.03
2,844.7
2,772.65
2,721.68
2,537.6
3,028.3
2,940.46
2,753.04
Basic Weighted Avg Shares
332
370
370
370
370
370
370
370
370
370
370
370
370
370
Sales/Revenue/Turnover
1,197,227
1,297,966
1,498,372
1,558,898
1,698,361
1,783,282
1,822,541
1,857,594
2,484,712
2,711,435
2,565,556
2,904,566
2,909,625
2,939,358
Operating Margin (%)
15.29
11.96
13.3
12.6
13.51
13.51
11.48
9.03
12.47
8.39
9.74
7.71
7.27
7.54
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
123,036
106,238
120,808
118,457
129,607
306,891
130,142
96,152
199,163
118,168
105,653
160,944
117,152
103,736
Effective Tax Rate (%)
20.71
27.87
26.29
17.76
24.62
29.71
21.54
24.66
27.39
0.19
- -
- -
- -
1.14
Profit Margin (%)
10.28
8.18
8.06
7.6
7.63
17.21
7.14
5.18
8.02
4.36
4.12
5.54
4.03
3.53
Working Capital
409,368
307,059
295,621
239,313
260,357
295,283
306,000
438,482
310,257
864,796
914,200
911,261
715,447
553,259
LT Debt
142,698
134,467
136,927
117,944
161,002
228,028
261,769
440,077
483,242
1,197,829
1,258,974
1,265,434
1,074,429
1,088,583
Total Equity
1,084,244
1,148,500
1,187,522
1,200,656
1,226,829
1,389,116
1,442,927
1,408,819
1,425,515
1,435,969
1,337,383
1,672,515
1,616,461
1,551,678
Return on Invested Capital (%)
13.03
9.89
11.43
11.2
11.8
20.33
10.17
6.93
11.75
8.76
- -
- -
- -
7.35
Return on Capital (%)
11.52
8.11
8.78
8.36
9.31
20.04
7.98
5.78
10.53
7.35
- -
- -
- -
5.52
Return on Common Equity (%)
15.36
10.55
11.6
11.1
11.9
25.78
9.98
7.33
15.3
9.01
8.34
11.73
7.82
7.15

Capital Structure

CLP

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
175,565
132,053
165,525
LT Borrowings
1,032,196
1,046,266
1,036,466
LT Finance Leases
42,233
45,202
52,117
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
370
370
370
Market Capitalization
2,167,319
1,950,236
1,884,465

Working Capital

CLP

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,511,097
1,510,235
1,209,211
Cash, Cash Equivalents & STI
520,393
612,724
348,153
Accounts Receivable, Net
410,892
333,335
286,909
Inventories
442,002
430,385
442,645
Total Current Liabilities
795,650
741,929
655,952
Payables & Accruals
544,016
552,362
425,638
ST Debt
175,565
132,053
165,525
Deferred Revenue
- -
1,433
1,655

Growth Rates

CLP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.48%
3.35%
-3.35%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
14.15%
16.2%
-27.21%
Sales/Revenue/Turnover
7.3%
10.18%
0.17%
Total Cash Common Dividend
23.9%
17.61%
-4.25%

Quarterly Revenue

CLP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
746,024
524,641
665,823
968,078
2,904,566
2025
817,671
579,914
658,628
853,413
2,909,625
2026
819,515
607,801
- -
- -
- -

Quarterly Earnings Per Share

CLP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
141.28
13.64
79.97
200.68
435.57
2025
156.37
-30.36
41.94
149.11
317.05
2026
145.75
-56.05
- -
- -
- -

Quarterly Dividends Per Share

CLP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
113
- -
108.37
221.37
2025
0.08
- -
4.07
77.53
211.97
2026
- -
111.66
- -
- -
- -

Company Description

CEO
Eduardo Ffrench-Davis Rodriguez
Full Time Employees
9,455
Sector
Consumer non-durables
Industry
Beverages: alcoholic
Address
Vitacura 2670 Santiago SA Chile 7550098
IPO Date
May 5, 1982
Website
ccu.cl
Business
Compañía Cervecerías Unidas S.A. (CCU) is a leading diversified beverage producer in South America that manufactures, markets and distributes a broad portfolio of alcoholic and non-alcoholic beverages; its core offerings include beers such as Cristal, Heineken, Sol, Budweiser, Kunstmann and Austral; soft drinks, nectars, sports drinks, iced teas and bottled waters through licensing agreements with PepsiCo and Keurig Dr Pepper; wines and sparkling wines via subsidiary Viña San Pedro Tarapacá S.A. (VSPT); piscos, rums, ciders and spirits; as well as energy drinks like Red Bull and powdered beverages. The company operates through three main segments—Chile, International Business and Wine—with primary activities in Chile where it ranks as the largest brewer, second-largest soft drink producer and a major player in mineral water, nectars and pisco; in Argentina as the second-largest brewer with involvement in ciders, spirits and wines; and presences in Bolivia (beer, water, soft drinks, malt), Colombia (beer), Paraguay and Uruguay (beer, water, soft drinks, nectars) and Peru (pisco). Founded in 1902 through a merger of breweries and headquartered in Santiago, Chile, CCU maintains strategic alliances including its long-term partnership with Heineken since 2003 and 20-year milestone celebrated in 2023, a 2022 joint venture with Danone in Argentina for mineral and flavored waters, and licensing deals with Anheuser-Busch InBev, Paulaner, Guinness and Nestlé. Recent developments encompass the CCU Renca project featuring a new distribution center and non-alcoholic beverage plant in Chile, significant expansions in beer production capacity in Chile and Argentina, upgrades to regional technology platforms, launches of sales platforms like La Barra and Mi Carro, and implementation of artificial intelligence tools for sales enhancement; in Q1 2025, the company reported consolidated EBITDA and net income growth of 6% and 10.7% respectively, following strong Q4 2024 results with revenue up 69% and net income up 77.7% year-over-year.

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