Compañía Cervecerías Unidas S.A. (CCU) 10-Year Financial Performance & Capital Metrics

CCU • • Industrial / General

Consumer DefensiveAlcoholic BeveragesRegional Beverage ConglomeratesLatin American Beer & Beverage Leaders

AboutCompañía 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. The company also produces and sells non-alcoholic beverages, including carbonated soft drinks, nectars and juices, sports and energy drinks, and ice tea; and mineral, purified, and flavored bottled water, as well as ready-to-mix products with instant powder drinks. In addition, it is involved in the production and distribution of pisco, cocktails, rum, flavored alcoholic beverages, gin, and cider. The company serves small and medium-sized retail outlets; retail establishments, such as restaurants, hotels, and bars; wholesalers; and supermarket chains. It also exports its products to Europe, Latin America, the United States, Canada, Asia, Oceania, and internationally. The company was founded in 1850 and is based in Santiago, Chile. Compañía Cervecerías Unidas S.A. is a subsidiary of Inversiones y Rentas S.A.Show more

Revenue $2904.57B +13.2%
EBITDA $262.7B -23.9%
Net Income $160.94B +52.3%
EPS (Diluted) 871.14 +52.3%
Gross Margin 45.23% -2.2%
EBITDA Margin 9.04% -32.8%
Operating Margin 9.04% -3.3%
Net Margin 5.54% +34.6%
ROE 10.69% +40.4%
ROIC 8.89% +5.3%
Debt/Equity 0.85 -14.9%
Interest Coverage 2.70 -13.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.39%

5Y9.77%

3Y5.34%

TTM20.53%

Profit (Net Income) CAGR

10Y4.24%

5Y4.34%

3Y-6.86%

TTM5.98%

EPS CAGR

10Y4.24%

5Y4.34%

3Y-6.86%

TTM1.98%

ROCE

10Y Avg675.91%

5Y Avg1331.92%

3Y Avg8.87%

Latest8.95%

Peer Comparison

Latin American Beer & Beverage Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ABEVAmbev S.A.	40.6B	2.60	2.86	12.18%	17.73%	17.29%	52.58%	0.03
FMXFomento Económico Mexicano, S.A.B. de C.V.	35.58B	102.98	0.14	29.81%	1.86%	86%	80.95%	0.67
CCUCompañía Cervecerías Unidas S.A.	2.6B	14.10	0.02	13.21%	4.5%	8.4%	100%	0.85

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.5T	1.56T	1.7T	1.78T	1.82T	1.86T	2.48T	2.71T	2.57T	2.9T
Revenue Growth %	0.15%	0.04%	0.09%	0.05%	0.02%	0.02%	0.34%	0.09%	-0.05%	0.13%
Cost of Goods Sold+	685.08B	741.82B	798.74B	860.01B	908.32B	984.04B	1.29T	1.51T	1.38T	1.59T
COGS % of Revenue	0.46%	0.48%	0.47%	0.48%	0.5%	0.53%	0.52%	0.56%	0.54%	0.55%
Gross Profit+	813.3B	817.08B	899.62B	923.27B	914.22B	873.56B	1.19T	1.2T	1.19T	1.31T
Gross Margin %	0.54%	0.52%	0.53%	0.52%	0.5%	0.47%	0.48%	0.44%	0.46%	0.45%
Gross Profit Growth %	0.17%	0%	0.1%	0.03%	-0.01%	-0.04%	0.37%	0%	-0.01%	0.11%
Operating Expenses+	614.69B	620.64B	669.58B	682.01B	680.26B	698.38B	862.68B	977.75B	946.98B	1.05T
OpEx % of Revenue	0.41%	0.4%	0.39%	0.38%	0.37%	0.38%	0.35%	0.36%	0.37%	0.36%
Selling, General & Admin	405.74B	426.16B	432.74B	466.77B	464.52B	475.91B	599.99B	691.61B	667.38B	751.34B
SG&A % of Revenue	0.27%	0.27%	0.25%	0.26%	0.25%	0.26%	0.24%	0.26%	0.26%	0.26%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-1.96B	1.79B	2.34B	223.96B	215.74B	222.46B	262.69B	286.14B	279.6B	299.67B
Operating Income+	213.45B	192.31B	227.18B	472.75B	233.97B	175.18B	330.47B	218.76B	239.97B	262.61B
Operating Margin %	0.14%	0.12%	0.13%	0.27%	0.13%	0.09%	0.13%	0.08%	0.09%	0.09%
Operating Income Growth %	0.16%	-0.1%	0.18%	1.08%	-0.51%	-0.25%	0.89%	-0.34%	0.1%	0.09%
EBITDA+	199.26B	275.83B	319.38B	565.99B	213.34B	172.32B	454.59B	211.68B	345.17B	262.7B
EBITDA Margin %	0.13%	0.18%	0.19%	0.32%	0.12%	0.09%	0.18%	0.08%	0.13%	0.09%
EBITDA Growth %	0.08%	0.38%	0.16%	0.77%	-0.62%	-0.19%	1.64%	-0.53%	0.63%	-0.24%
D&A (Non-Cash Add-back)	-14.19B	83.53B	92.2B	93.24B	0	0	124.12B	0	105.2B	0
EBIT	213.74B	190.64B	220.64B	481.77B	213.34B	172.32B	329.89B	211.68B	238.85B	262.7B
Net Interest Income+	-15.26B	-14.63B	-19.12B	-7.77B	-14.6B	-25.26B	-21.4B	-53.06B	-37.62B	-59.06B
Interest Income	7.85B	5.68B	5.05B	15.79B	13.12B	3.45B	14.26B	22.87B	39.4B	38.1B
Interest Expense	23.1B	20.31B	24.17B	23.56B	27.72B	28.71B	35.66B	75.93B	77.02B	97.17B
Other Income/Expense	-22.81B	-21.98B	-30.7B	-14.54B	-48.34B	-31.58B	-28.79B	-83.01B	-136.81B	-97.08B
Pretax Income+	190.64B	170.33B	196.47B	458.21B	185.62B	143.6B	301.68B	135.75B	103.16B	165.53B
Pretax Margin %	0.13%	0.11%	0.12%	0.26%	0.1%	0.08%	0.12%	0.05%	0.04%	0.06%
Income Tax+	50.11B	30.25B	48.37B	136.13B	39.98B	35.41B	82.63B	263.94M	-15.27B	-11.02B
Effective Tax Rate %	0.63%	0.7%	0.66%	0.67%	0.7%	0.67%	0.66%	0.87%	1.02%	0.97%
Net Income+	120.81B	118.46B	129.61B	306.89B	130.14B	96.15B	199.16B	118.17B	105.65B	160.94B
Net Margin %	0.08%	0.08%	0.08%	0.17%	0.07%	0.05%	0.08%	0.04%	0.04%	0.06%
Net Income Growth %	0.14%	-0.02%	0.09%	1.37%	-0.58%	-0.26%	1.07%	-0.41%	-0.11%	0.52%
Net Income (Continuing)	140.53B	140.08B	148.11B	322.08B	145.65B	108.19B	219.05B	135.48B	118.43B	176.54B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	129.71B	122.99B	125.75B	108.99B	152.77M	157.98M	117.9B	120.94B	119.02B	147.33B
EPS (Diluted)+	653.90	641.18	701.52	1661.10	704.42	520.44	1078.00	639.60	571.86	871.14
EPS Growth %	0.14%	-0.02%	0.09%	1.37%	-0.58%	-0.26%	1.07%	-0.41%	-0.11%	0.52%
EPS (Basic)	653.90	641.18	701.52	1661.10	704.42	520.44	1078.00	639.60	571.86	871.14
Diluted Shares Outstanding	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M
Basic Shares Outstanding	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M
Dividend Payout Ratio	0.55%	0.59%	0.58%	0.24%	1.68%	1.06%	1.38%	1.34%	0.62%	0.51%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	684.31B	681.39B	730.28B	941.01B	1.05B	1.35B	1.09T	1.66T	1.6T	1.77T
Cash & Short-Term Investments	206.2B	142.2B	180.77B	330.02B	274.2M	575.09M	279.58B	609.04B	621.47B	707.95B
Cash Only	192.55B	133.79B	170.04B	319.01B	261.15M	557.9M	265.57B	597.08B	618.15B	707.12B
Short-Term Investments	13.64B	8.41B	10.72B	11.01B	13.05M	17.19M	14.01B	11.96B	3.31B	822.29M
Accounts Receivable	231.59B	250.84B	263.87B	341.48B	413.46M	406.04M	389.22B	499.33B	485.18B	542.74B
Days Sales Outstanding	56.41	58.73	56.71	69.89	0.08	0.08	57.18	67.22	69.03	68.2
Inventory	181.86B	207.67B	210.59B	236.95B	331.73M	343.33M	366.66B	497.97B	441.25B	477.34B
Days Inventory Outstanding	96.89	102.18	96.23	100.56	0.13	0.13	103.62	119.98	116.82	109.51
Other Current Assets	65.69B	71.62B	77.49B	87.27B	1.19M	3.65M	126.14B	35.73B	25.73B	14.04B
Total Non-Current Assets+	1.14T	1.19T	1.25T	1.46T	2.08B	2.2B	1.76T	1.93T	1.82T	2.22T
Property, Plant & Equipment	872.67B	903.83B	917.91B	1.02T	1.46B	1.56B	1.25T	1.39T	1.31T	1.57T
Fixed Asset Turnover	1.72x	1.72x	1.85x	1.75x	1248.67x	1191.61x	1.99x	1.95x	1.96x	1.85x
Goodwill	83.3B	96.66B	94.62B	123.04B	166.18M	164.94M	131.17B	136.97B	127.59B	161.58B
Intangible Assets	64.12B	77.68B	77.03B	118.96B	167.06M	180.52M	151.94B	172.39B	153.12B	244.63B
Long-Term Investments	50.08B	64.61B	101.19B	142.02B	202.71M	215M	138.11B	140.93B	149.59B	139.75B
Other Non-Current Assets	34.35B	15.54B	14.85B	21.87B	12.43M	11.94M	52.98B	63.94B	53.77B	63.21B
Total Assets+	1.82T	1.87T	1.98T	2.41T	3.13B	3.55B	2.85T	3.6T	3.42T	3.99T
Asset Turnover	0.82x	0.83x	0.86x	0.74x	582.26x	522.63x	0.87x	0.75x	0.75x	0.73x
Asset Growth %	0.03%	0.03%	0.06%	0.22%	-1%	0.14%	799.93%	0.26%	-0.05%	0.17%
Total Current Liabilities+	388.69B	442.31B	468.75B	645.72B	642.7M	734.02M	781.12B	797.15B	687.48B	860.01B
Accounts Payable	182.57B	215.47B	229.58B	251.67B	330.62M	360.62M	449.8B	420.6B	361.64B	423.58B
Days Payables Outstanding	97.27	106.02	104.91	106.81	0.13	0.13	127.12	101.34	95.75	97.18
Short-Term Debt	30.87B	44.45B	34.48B	42.24B	76.04M	87.29M	84.26B	165.61B	63.15B	139.69B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	153.11B	158.68B	175.11B	318.92B	172.35M	199.43M	188.18B	-2.76B	85.48B	201.18B
Current Ratio	1.76x	1.54x	1.56x	1.46x	1.63x	1.84x	1.40x	2.08x	2.33x	2.06x
Quick Ratio	1.29x	1.07x	1.11x	1.09x	1.12x	1.37x	0.93x	1.46x	1.69x	1.50x
Cash Conversion Cycle	56.04	54.9	48.03	63.64	0.08	0.07	33.68	85.86	90.1	80.54
Total Non-Current Liabilities+	247.14B	228.97B	280.65B	371.02B	568.5M	837.43M	640.12B	1.36T	1.4T	1.46T
Long-Term Debt	119.69B	101.53B	143.91B	210.48B	310.64M	581.14M	454.23B	1.17T	1.22T	1.23T
Capital Lease Obligations	17.24B	17.5B	17.64B	17.55B	37.52M	38.28M	29.01B	31.31B	34.06B	39.78B
Deferred Tax Liabilities	88.15B	86.79B	94.35B	108.5B	174.99M	167.11M	118.09B	112.7B	86.36B	127.96B
Other Non-Current Liabilities	110.22B	109.95B	119.11B	34.5B	45.35M	50.9M	38.79B	51.43B	49.76B	59.45B
Total Liabilities	635.83B	671.28B	749.4B	1.02T	1.21B	1.57B	1.42T	2.16T	2.09T	2.32T
Total Debt+	168.12B	160.49B	189.11B	270.64B	424.19M	706.71M	573.65B	1.37T	1.33T	1.41T
Net Debt	-24.44B	26.7B	19.06B	-48.38B	163.05M	148.81M	308.08B	775.48B	711.11B	707.45B
Debt / Equity	0.14x	0.13x	0.15x	0.19x	0.22x	0.36x	0.40x	0.96x	0.99x	0.85x
Debt / EBITDA	0.84x	0.58x	0.59x	0.48x	0.00x	0.00x	1.26x	6.48x	3.85x	5.38x
Net Debt / EBITDA	-0.12x	0.10x	0.06x	-0.09x	0.00x	0.00x	0.68x	3.66x	2.06x	2.69x
Interest Coverage	9.24x	9.47x	9.40x	20.07x	8.44x	6.10x	9.27x	2.88x	3.12x	2.70x
Total Equity+	1.19T	1.2T	1.23T	1.39T	1.92B	1.98B	1.43T	1.44T	1.34T	1.67T
Equity Growth %	0.03%	0.01%	0.02%	0.13%	-1%	0.03%	717.92%	0.01%	-0.07%	0.25%
Book Value per Share	6427.67	6496.80	6640.43	7518.84	10.39	10.73	7715.85	7772.44	7238.82	9052.78
Total Shareholders' Equity	1.06T	1.08T	1.1T	1.28T	1.77B	1.82B	1.31T	1.32T	1.22T	1.53T
Common Stock	562.69B	562.69B	562.69B	562.69B	748.31M	791.97M	562.69B	562.69B	562.69B	562.69B
Retained Earnings	598.35B	657.58B	716.46B	868.48B	1.2B	1.3B	832.18B	843.05B	895.87B	965.78B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-103.23B	-142.97B	-178.08B	-151.05B	-182.86M	-264.5M	-87.26B	-90.71B	-240.2B	-3.29B
Minority Interest	129.71B	122.99B	125.75B	108.99B	152.77M	157.98M	117.9B	120.94B	119.02B	147.33B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	219.51B	190.01T	262.16B	306.89B	242.32B	280.67B	293.36B	45.94B	294.1B	287.52B
Operating CF Margin %	0.15%	121.89%	0.15%	0.17%	0.13%	0.15%	0.12%	0.02%	0.11%	0.1%
Operating CF Growth %	0.26%	864.63%	-1%	0.17%	-0.21%	0.16%	0.05%	-0.84%	5.4%	-0.02%
Net Income	120.81B	118.46B	129.61B	306.89B	130.14B	96.15B	199.16B	0	105.65B	160.94B
Depreciation & Amortization	81.57B	83.53B	92.2B	93.24B	105.02B	109.81B	124.12B	0	126.24B	153.32B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	98.7B	189.9T	132.55B	-306.89B	7.16B	74.7B	-29.92B	45.94B	62.21B	-26.75B
Working Capital Changes	0	0	0	0	0	0	0	0	0	0
Change in Receivables	0	0	0	0	0	0	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-165.81B	-155.01B	-173.61B	-199B	-144.19B	-140.55B	-178.99B	-236.46B	-137.23B	-118.29B
Capital Expenditures	-131.73B	-128.88B	-125.77B	-131.44B	-140.49B	-122.79B	-171.85B	-188.67B	-124.4B	-152.92B
CapEx % of Revenue	0.09%	0.08%	0.07%	0.07%	0.08%	0.07%	0.07%	0.07%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.58B	3.22B	49.81B	-2.24B	17.03B	19.3B	-1.35B	-11.32B	-8.86B	35.17B
Cash from Financing+	-82.84B	-95.3B	-53B	-52.96B	-199.42B	64.75B	-233.64B	537.1B	-118.04B	-125.04B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-66.15B	-69.82B	-75.13B	-74.83B	-218.04B	-102.14B	-274.14B	-158.32B	-65.58B	-81.8B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	20.23B	-95.23T	-7.76B	-48.4B	1.09B	362.42M	-6.08B	-307.78M	37.76B	-8.31B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	87.78B	189.89T	136.4B	175.45B	101.83B	157.88B	121.5B	-157.67B	164.65B	127.43B
FCF Margin %	0.06%	121.81%	0.08%	0.1%	0.06%	0.08%	0.05%	-0.06%	0.06%	0.04%
FCF Growth %	2.55%	2162.2%	-1%	0.29%	-0.42%	0.55%	-0.23%	-2.3%	2.04%	-0.23%
FCF per Share	475.12	999999.00	738.27	949.66	551.18	854.57	657.65	-853.40	891.19	689.74
FCF Conversion (FCF/Net Income)	1.82x	1604.07x	2.02x	1.00x	1.86x	2.92x	1.47x	0.39x	2.78x	1.79x
Interest Paid	0	0	0	0	0	0	0	0	0	68.81B
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.34%	9.92%	10.68%	23.46%	18.71%	4928.65%	27.9%	8.26%	7.62%	10.69%
Return on Invested Capital (ROIC)	14.02%	12.07%	13.78%	27.42%	26.14%	6236.22%	28.56%	8.32%	8.45%	8.89%
Gross Margin	54.28%	52.41%	52.97%	51.77%	50.16%	47.03%	48.02%	44.13%	46.26%	45.23%
Net Margin	8.06%	7.6%	7.63%	17.21%	7.14%	5.18%	8.02%	4.36%	4.12%	5.54%
Debt / Equity	0.14x	0.13x	0.15x	0.19x	0.22x	0.36x	0.40x	0.96x	0.99x	0.85x
Interest Coverage	9.24x	9.47x	9.40x	20.07x	8.44x	6.10x	9.27x	2.88x	3.12x	2.70x
FCF Conversion	1.82x	1604.07x	2.02x	1.00x	1.86x	2.92x	1.47x	0.39x	2.78x	1.79x
Revenue Growth	15.44%	4.04%	8.95%	5%	2.2%	1.92%	33.76%	9.12%	-5.38%	13.21%

Revenue by Segment

	2017	2018	2019	2020	2021	2022
Alcoholic business	1.16T	1.21T	1.21T	1.25T	1.71T	1.82T
Alcoholic business Growth	-	4.15%	-0.02%	3.60%	37.10%	6.16%
Non-alcoholic business	519.95B	549.75B	583.26B	572.86B	728.44B	838.4B
Non-alcoholic business Growth	-	5.73%	6.10%	-1.78%	27.16%	15.10%
Other business	19.96B	27.03B	32.99B	35B	42.92B	54.22B
Other business Growth	-	35.39%	22.06%	6.08%	22.64%	26.32%

Revenue by Geography

	2017	2018	2019	2020	2021	2022
CHILE	-	1.29T	1.34T	1.44T	1.78T	1.9T
CHILE Growth	-	-	4.10%	7.03%	24.01%	6.44%
Foreign countries	-	-	-	-	-	814.96B
Foreign countries Growth	-	-	-	-	-	-
Argentina, Pesos	-	421.61B	390.44B	338.21B	612.6B	700.32B
Argentina, Pesos Growth	-	-	-7.39%	-13.38%	81.13%	14.32%
PARAGUAY	-	43.57B	47.15B	39.24B	48.29B	65.64B
PARAGUAY Growth	-	-	8.23%	-16.76%	23.04%	35.94%
URUGUAY	-	17.71B	17.81B	19.48B	21.64B	28.96B
URUGUAY Growth	-	-	0.55%	9.42%	11.08%	33.81%
BOLIVIA	-	10.89B	24.77B	23.86B	20.48B	20.04B
BOLIVIA Growth	-	-	127.52%	-3.69%	-14.16%	-2.16%
Chile	1.23T	-	-	-	-	-
Chile Growth	-	-	-	-	-	-
Argentina	413.47B	-	-	-	-	-
Argentina Growth	-	-	-	-	-	-
Paraguay	41.82B	-	-	-	-	-
Paraguay Growth	-	-	-	-	-	-
Uruguay	16.4B	-	-	-	-	-
Uruguay Growth	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Compañía Cervecerías Unidas S.A. (CCU) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Compañía Cervecerías Unidas S.A. (CCU) reported $3.02T in revenue for fiscal year 2024. This represents a 212% increase from $969.55B in 2011.

Compañía Cervecerías Unidas S.A. (CCU) grew revenue by 13.2% over the past year. This is steady growth.

Yes, Compañía Cervecerías Unidas S.A. (CCU) is profitable, generating $136.21B in net income for fiscal year 2024 (5.5% net margin).

Dividend & Returns

Yes, Compañía Cervecerías Unidas S.A. (CCU) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Compañía Cervecerías Unidas S.A. (CCU) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.

Compañía Cervecerías Unidas S.A. (CCU) generated $149.41B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Compañía Cervecerías Unidas S.A. (CCU) 10-Year Financial Performance & Capital Metrics

CCU • • Industrial / General

Consumer DefensiveAlcoholic BeveragesRegional Beverage ConglomeratesLatin American Beer & Beverage Leaders

Revenue $2904.57B +13.2%
EBITDA $262.7B -23.9%
Net Income $160.94B +52.3%
EPS (Diluted) 871.14 +52.3%
Gross Margin 45.23% -2.2%
EBITDA Margin 9.04% -32.8%
Operating Margin 9.04% -3.3%
Net Margin 5.54% +34.6%
ROE 10.69% +40.4%
ROIC 8.89% +5.3%
Debt/Equity 0.85 -14.9%
Interest Coverage 2.70 -13.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y8.39%

5Y9.77%

3Y5.34%

TTM20.53%

Profit (Net Income) CAGR

10Y4.24%

5Y4.34%

3Y-6.86%

TTM5.98%

EPS CAGR

10Y4.24%

5Y4.34%

3Y-6.86%

TTM1.98%

ROCE

10Y Avg675.91%

5Y Avg1331.92%

3Y Avg8.87%

Latest8.95%

Peer Comparison

Latin American Beer & Beverage Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ABEVAmbev S.A.	40.6B	2.60	2.86	12.18%	17.73%	17.29%	52.58%	0.03
FMXFomento Económico Mexicano, S.A.B. de C.V.	35.58B	102.98	0.14	29.81%	1.86%	86%	80.95%	0.67
CCUCompañía Cervecerías Unidas S.A.	2.6B	14.10	0.02	13.21%	4.5%	8.4%	100%	0.85

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.5T	1.56T	1.7T	1.78T	1.82T	1.86T	2.48T	2.71T	2.57T	2.9T
Revenue Growth %	0.15%	0.04%	0.09%	0.05%	0.02%	0.02%	0.34%	0.09%	-0.05%	0.13%
Cost of Goods Sold+	685.08B	741.82B	798.74B	860.01B	908.32B	984.04B	1.29T	1.51T	1.38T	1.59T
COGS % of Revenue	0.46%	0.48%	0.47%	0.48%	0.5%	0.53%	0.52%	0.56%	0.54%	0.55%
Gross Profit+	813.3B	817.08B	899.62B	923.27B	914.22B	873.56B	1.19T	1.2T	1.19T	1.31T
Gross Margin %	0.54%	0.52%	0.53%	0.52%	0.5%	0.47%	0.48%	0.44%	0.46%	0.45%
Gross Profit Growth %	0.17%	0%	0.1%	0.03%	-0.01%	-0.04%	0.37%	0%	-0.01%	0.11%
Operating Expenses+	614.69B	620.64B	669.58B	682.01B	680.26B	698.38B	862.68B	977.75B	946.98B	1.05T
OpEx % of Revenue	0.41%	0.4%	0.39%	0.38%	0.37%	0.38%	0.35%	0.36%	0.37%	0.36%
Selling, General & Admin	405.74B	426.16B	432.74B	466.77B	464.52B	475.91B	599.99B	691.61B	667.38B	751.34B
SG&A % of Revenue	0.27%	0.27%	0.25%	0.26%	0.25%	0.26%	0.24%	0.26%	0.26%	0.26%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-1.96B	1.79B	2.34B	223.96B	215.74B	222.46B	262.69B	286.14B	279.6B	299.67B
Operating Income+	213.45B	192.31B	227.18B	472.75B	233.97B	175.18B	330.47B	218.76B	239.97B	262.61B
Operating Margin %	0.14%	0.12%	0.13%	0.27%	0.13%	0.09%	0.13%	0.08%	0.09%	0.09%
Operating Income Growth %	0.16%	-0.1%	0.18%	1.08%	-0.51%	-0.25%	0.89%	-0.34%	0.1%	0.09%
EBITDA+	199.26B	275.83B	319.38B	565.99B	213.34B	172.32B	454.59B	211.68B	345.17B	262.7B
EBITDA Margin %	0.13%	0.18%	0.19%	0.32%	0.12%	0.09%	0.18%	0.08%	0.13%	0.09%
EBITDA Growth %	0.08%	0.38%	0.16%	0.77%	-0.62%	-0.19%	1.64%	-0.53%	0.63%	-0.24%
D&A (Non-Cash Add-back)	-14.19B	83.53B	92.2B	93.24B	0	0	124.12B	0	105.2B	0
EBIT	213.74B	190.64B	220.64B	481.77B	213.34B	172.32B	329.89B	211.68B	238.85B	262.7B
Net Interest Income+	-15.26B	-14.63B	-19.12B	-7.77B	-14.6B	-25.26B	-21.4B	-53.06B	-37.62B	-59.06B
Interest Income	7.85B	5.68B	5.05B	15.79B	13.12B	3.45B	14.26B	22.87B	39.4B	38.1B
Interest Expense	23.1B	20.31B	24.17B	23.56B	27.72B	28.71B	35.66B	75.93B	77.02B	97.17B
Other Income/Expense	-22.81B	-21.98B	-30.7B	-14.54B	-48.34B	-31.58B	-28.79B	-83.01B	-136.81B	-97.08B
Pretax Income+	190.64B	170.33B	196.47B	458.21B	185.62B	143.6B	301.68B	135.75B	103.16B	165.53B
Pretax Margin %	0.13%	0.11%	0.12%	0.26%	0.1%	0.08%	0.12%	0.05%	0.04%	0.06%
Income Tax+	50.11B	30.25B	48.37B	136.13B	39.98B	35.41B	82.63B	263.94M	-15.27B	-11.02B
Effective Tax Rate %	0.63%	0.7%	0.66%	0.67%	0.7%	0.67%	0.66%	0.87%	1.02%	0.97%
Net Income+	120.81B	118.46B	129.61B	306.89B	130.14B	96.15B	199.16B	118.17B	105.65B	160.94B
Net Margin %	0.08%	0.08%	0.08%	0.17%	0.07%	0.05%	0.08%	0.04%	0.04%	0.06%
Net Income Growth %	0.14%	-0.02%	0.09%	1.37%	-0.58%	-0.26%	1.07%	-0.41%	-0.11%	0.52%
Net Income (Continuing)	140.53B	140.08B	148.11B	322.08B	145.65B	108.19B	219.05B	135.48B	118.43B	176.54B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	129.71B	122.99B	125.75B	108.99B	152.77M	157.98M	117.9B	120.94B	119.02B	147.33B
EPS (Diluted)+	653.90	641.18	701.52	1661.10	704.42	520.44	1078.00	639.60	571.86	871.14
EPS Growth %	0.14%	-0.02%	0.09%	1.37%	-0.58%	-0.26%	1.07%	-0.41%	-0.11%	0.52%
EPS (Basic)	653.90	641.18	701.52	1661.10	704.42	520.44	1078.00	639.60	571.86	871.14
Diluted Shares Outstanding	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M
Basic Shares Outstanding	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M	184.75M
Dividend Payout Ratio	0.55%	0.59%	0.58%	0.24%	1.68%	1.06%	1.38%	1.34%	0.62%	0.51%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	684.31B	681.39B	730.28B	941.01B	1.05B	1.35B	1.09T	1.66T	1.6T	1.77T
Cash & Short-Term Investments	206.2B	142.2B	180.77B	330.02B	274.2M	575.09M	279.58B	609.04B	621.47B	707.95B
Cash Only	192.55B	133.79B	170.04B	319.01B	261.15M	557.9M	265.57B	597.08B	618.15B	707.12B
Short-Term Investments	13.64B	8.41B	10.72B	11.01B	13.05M	17.19M	14.01B	11.96B	3.31B	822.29M
Accounts Receivable	231.59B	250.84B	263.87B	341.48B	413.46M	406.04M	389.22B	499.33B	485.18B	542.74B
Days Sales Outstanding	56.41	58.73	56.71	69.89	0.08	0.08	57.18	67.22	69.03	68.2
Inventory	181.86B	207.67B	210.59B	236.95B	331.73M	343.33M	366.66B	497.97B	441.25B	477.34B
Days Inventory Outstanding	96.89	102.18	96.23	100.56	0.13	0.13	103.62	119.98	116.82	109.51
Other Current Assets	65.69B	71.62B	77.49B	87.27B	1.19M	3.65M	126.14B	35.73B	25.73B	14.04B
Total Non-Current Assets+	1.14T	1.19T	1.25T	1.46T	2.08B	2.2B	1.76T	1.93T	1.82T	2.22T
Property, Plant & Equipment	872.67B	903.83B	917.91B	1.02T	1.46B	1.56B	1.25T	1.39T	1.31T	1.57T
Fixed Asset Turnover	1.72x	1.72x	1.85x	1.75x	1248.67x	1191.61x	1.99x	1.95x	1.96x	1.85x
Goodwill	83.3B	96.66B	94.62B	123.04B	166.18M	164.94M	131.17B	136.97B	127.59B	161.58B
Intangible Assets	64.12B	77.68B	77.03B	118.96B	167.06M	180.52M	151.94B	172.39B	153.12B	244.63B
Long-Term Investments	50.08B	64.61B	101.19B	142.02B	202.71M	215M	138.11B	140.93B	149.59B	139.75B
Other Non-Current Assets	34.35B	15.54B	14.85B	21.87B	12.43M	11.94M	52.98B	63.94B	53.77B	63.21B
Total Assets+	1.82T	1.87T	1.98T	2.41T	3.13B	3.55B	2.85T	3.6T	3.42T	3.99T
Asset Turnover	0.82x	0.83x	0.86x	0.74x	582.26x	522.63x	0.87x	0.75x	0.75x	0.73x
Asset Growth %	0.03%	0.03%	0.06%	0.22%	-1%	0.14%	799.93%	0.26%	-0.05%	0.17%
Total Current Liabilities+	388.69B	442.31B	468.75B	645.72B	642.7M	734.02M	781.12B	797.15B	687.48B	860.01B
Accounts Payable	182.57B	215.47B	229.58B	251.67B	330.62M	360.62M	449.8B	420.6B	361.64B	423.58B
Days Payables Outstanding	97.27	106.02	104.91	106.81	0.13	0.13	127.12	101.34	95.75	97.18
Short-Term Debt	30.87B	44.45B	34.48B	42.24B	76.04M	87.29M	84.26B	165.61B	63.15B	139.69B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	153.11B	158.68B	175.11B	318.92B	172.35M	199.43M	188.18B	-2.76B	85.48B	201.18B
Current Ratio	1.76x	1.54x	1.56x	1.46x	1.63x	1.84x	1.40x	2.08x	2.33x	2.06x
Quick Ratio	1.29x	1.07x	1.11x	1.09x	1.12x	1.37x	0.93x	1.46x	1.69x	1.50x
Cash Conversion Cycle	56.04	54.9	48.03	63.64	0.08	0.07	33.68	85.86	90.1	80.54
Total Non-Current Liabilities+	247.14B	228.97B	280.65B	371.02B	568.5M	837.43M	640.12B	1.36T	1.4T	1.46T
Long-Term Debt	119.69B	101.53B	143.91B	210.48B	310.64M	581.14M	454.23B	1.17T	1.22T	1.23T
Capital Lease Obligations	17.24B	17.5B	17.64B	17.55B	37.52M	38.28M	29.01B	31.31B	34.06B	39.78B
Deferred Tax Liabilities	88.15B	86.79B	94.35B	108.5B	174.99M	167.11M	118.09B	112.7B	86.36B	127.96B
Other Non-Current Liabilities	110.22B	109.95B	119.11B	34.5B	45.35M	50.9M	38.79B	51.43B	49.76B	59.45B
Total Liabilities	635.83B	671.28B	749.4B	1.02T	1.21B	1.57B	1.42T	2.16T	2.09T	2.32T
Total Debt+	168.12B	160.49B	189.11B	270.64B	424.19M	706.71M	573.65B	1.37T	1.33T	1.41T
Net Debt	-24.44B	26.7B	19.06B	-48.38B	163.05M	148.81M	308.08B	775.48B	711.11B	707.45B
Debt / Equity	0.14x	0.13x	0.15x	0.19x	0.22x	0.36x	0.40x	0.96x	0.99x	0.85x
Debt / EBITDA	0.84x	0.58x	0.59x	0.48x	0.00x	0.00x	1.26x	6.48x	3.85x	5.38x
Net Debt / EBITDA	-0.12x	0.10x	0.06x	-0.09x	0.00x	0.00x	0.68x	3.66x	2.06x	2.69x
Interest Coverage	9.24x	9.47x	9.40x	20.07x	8.44x	6.10x	9.27x	2.88x	3.12x	2.70x
Total Equity+	1.19T	1.2T	1.23T	1.39T	1.92B	1.98B	1.43T	1.44T	1.34T	1.67T
Equity Growth %	0.03%	0.01%	0.02%	0.13%	-1%	0.03%	717.92%	0.01%	-0.07%	0.25%
Book Value per Share	6427.67	6496.80	6640.43	7518.84	10.39	10.73	7715.85	7772.44	7238.82	9052.78
Total Shareholders' Equity	1.06T	1.08T	1.1T	1.28T	1.77B	1.82B	1.31T	1.32T	1.22T	1.53T
Common Stock	562.69B	562.69B	562.69B	562.69B	748.31M	791.97M	562.69B	562.69B	562.69B	562.69B
Retained Earnings	598.35B	657.58B	716.46B	868.48B	1.2B	1.3B	832.18B	843.05B	895.87B	965.78B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-103.23B	-142.97B	-178.08B	-151.05B	-182.86M	-264.5M	-87.26B	-90.71B	-240.2B	-3.29B
Minority Interest	129.71B	122.99B	125.75B	108.99B	152.77M	157.98M	117.9B	120.94B	119.02B	147.33B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	219.51B	190.01T	262.16B	306.89B	242.32B	280.67B	293.36B	45.94B	294.1B	287.52B
Operating CF Margin %	0.15%	121.89%	0.15%	0.17%	0.13%	0.15%	0.12%	0.02%	0.11%	0.1%
Operating CF Growth %	0.26%	864.63%	-1%	0.17%	-0.21%	0.16%	0.05%	-0.84%	5.4%	-0.02%
Net Income	120.81B	118.46B	129.61B	306.89B	130.14B	96.15B	199.16B	0	105.65B	160.94B
Depreciation & Amortization	81.57B	83.53B	92.2B	93.24B	105.02B	109.81B	124.12B	0	126.24B	153.32B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	98.7B	189.9T	132.55B	-306.89B	7.16B	74.7B	-29.92B	45.94B	62.21B	-26.75B
Working Capital Changes	0	0	0	0	0	0	0	0	0	0
Change in Receivables	0	0	0	0	0	0	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-165.81B	-155.01B	-173.61B	-199B	-144.19B	-140.55B	-178.99B	-236.46B	-137.23B	-118.29B
Capital Expenditures	-131.73B	-128.88B	-125.77B	-131.44B	-140.49B	-122.79B	-171.85B	-188.67B	-124.4B	-152.92B
CapEx % of Revenue	0.09%	0.08%	0.07%	0.07%	0.08%	0.07%	0.07%	0.07%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.58B	3.22B	49.81B	-2.24B	17.03B	19.3B	-1.35B	-11.32B	-8.86B	35.17B
Cash from Financing+	-82.84B	-95.3B	-53B	-52.96B	-199.42B	64.75B	-233.64B	537.1B	-118.04B	-125.04B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-66.15B	-69.82B	-75.13B	-74.83B	-218.04B	-102.14B	-274.14B	-158.32B	-65.58B	-81.8B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	20.23B	-95.23T	-7.76B	-48.4B	1.09B	362.42M	-6.08B	-307.78M	37.76B	-8.31B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	87.78B	189.89T	136.4B	175.45B	101.83B	157.88B	121.5B	-157.67B	164.65B	127.43B
FCF Margin %	0.06%	121.81%	0.08%	0.1%	0.06%	0.08%	0.05%	-0.06%	0.06%	0.04%
FCF Growth %	2.55%	2162.2%	-1%	0.29%	-0.42%	0.55%	-0.23%	-2.3%	2.04%	-0.23%
FCF per Share	475.12	999999.00	738.27	949.66	551.18	854.57	657.65	-853.40	891.19	689.74
FCF Conversion (FCF/Net Income)	1.82x	1604.07x	2.02x	1.00x	1.86x	2.92x	1.47x	0.39x	2.78x	1.79x
Interest Paid	0	0	0	0	0	0	0	0	0	68.81B
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.34%	9.92%	10.68%	23.46%	18.71%	4928.65%	27.9%	8.26%	7.62%	10.69%
Return on Invested Capital (ROIC)	14.02%	12.07%	13.78%	27.42%	26.14%	6236.22%	28.56%	8.32%	8.45%	8.89%
Gross Margin	54.28%	52.41%	52.97%	51.77%	50.16%	47.03%	48.02%	44.13%	46.26%	45.23%
Net Margin	8.06%	7.6%	7.63%	17.21%	7.14%	5.18%	8.02%	4.36%	4.12%	5.54%
Debt / Equity	0.14x	0.13x	0.15x	0.19x	0.22x	0.36x	0.40x	0.96x	0.99x	0.85x
Interest Coverage	9.24x	9.47x	9.40x	20.07x	8.44x	6.10x	9.27x	2.88x	3.12x	2.70x
FCF Conversion	1.82x	1604.07x	2.02x	1.00x	1.86x	2.92x	1.47x	0.39x	2.78x	1.79x
Revenue Growth	15.44%	4.04%	8.95%	5%	2.2%	1.92%	33.76%	9.12%	-5.38%	13.21%

Revenue by Segment

	2017	2018	2019	2020	2021	2022
Alcoholic business	1.16T	1.21T	1.21T	1.25T	1.71T	1.82T
Alcoholic business Growth	-	4.15%	-0.02%	3.60%	37.10%	6.16%
Non-alcoholic business	519.95B	549.75B	583.26B	572.86B	728.44B	838.4B
Non-alcoholic business Growth	-	5.73%	6.10%	-1.78%	27.16%	15.10%
Other business	19.96B	27.03B	32.99B	35B	42.92B	54.22B
Other business Growth	-	35.39%	22.06%	6.08%	22.64%	26.32%

Revenue by Geography

	2017	2018	2019	2020	2021	2022
CHILE	-	1.29T	1.34T	1.44T	1.78T	1.9T
CHILE Growth	-	-	4.10%	7.03%	24.01%	6.44%
Foreign countries	-	-	-	-	-	814.96B
Foreign countries Growth	-	-	-	-	-	-
Argentina, Pesos	-	421.61B	390.44B	338.21B	612.6B	700.32B
Argentina, Pesos Growth	-	-	-7.39%	-13.38%	81.13%	14.32%
PARAGUAY	-	43.57B	47.15B	39.24B	48.29B	65.64B
PARAGUAY Growth	-	-	8.23%	-16.76%	23.04%	35.94%
URUGUAY	-	17.71B	17.81B	19.48B	21.64B	28.96B
URUGUAY Growth	-	-	0.55%	9.42%	11.08%	33.81%
BOLIVIA	-	10.89B	24.77B	23.86B	20.48B	20.04B
BOLIVIA Growth	-	-	127.52%	-3.69%	-14.16%	-2.16%
Chile	1.23T	-	-	-	-	-
Chile Growth	-	-	-	-	-	-
Argentina	413.47B	-	-	-	-	-
Argentina Growth	-	-	-	-	-	-
Paraguay	41.82B	-	-	-	-	-
Paraguay Growth	-	-	-	-	-	-
Uruguay	16.4B	-	-	-	-	-
Uruguay Growth	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Compañía Cervecerías Unidas S.A. (CCU) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Compañía Cervecerías Unidas S.A. (CCU) reported $3.02T in revenue for fiscal year 2024. This represents a 212% increase from $969.55B in 2011.

Compañía Cervecerías Unidas S.A. (CCU) grew revenue by 13.2% over the past year. This is steady growth.

Yes, Compañía Cervecerías Unidas S.A. (CCU) is profitable, generating $136.21B in net income for fiscal year 2024 (5.5% net margin).

Dividend & Returns

Yes, Compañía Cervecerías Unidas S.A. (CCU) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Compañía Cervecerías Unidas S.A. (CCU) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.

Compañía Cervecerías Unidas S.A. (CCU) generated $149.41B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.