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Compañía Cervecerías Unidas S.A (CCU) Fair Value & Analysis

Consumer Defensive · CL · Market cap 1.9T CLP

CC Compañía Cervecerías Unidas S.A CCU · SN
Price5,500 CLP
Fair Value5,535 CLP
Upside+0.6%
Quality50/100
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Healthy Growth
Thin margins · 3.9% net margin
Moderate debt · generates free cash flow
2.96% dividend yield
Mixed vs. peers (8/15)
Narrow moat 42/100
Evidence: Medium Range 3,484 CLP – 8,323 CLP Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 26 days ago

Share price +7.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (3,484 CLP to 8,323 CLP) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

7,121 CLP 3,991 CLP Fair Value 5,535 CLP Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 3,991 CLP – 7,121 CLP · fair‑value band 3,484 CLP – 8,323 CLP · the 5,500 CLP price screens below the 5,535 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Compañía Cervecerías Unidas S.A (CCU) currently trades at 5,500 CLP, while our model-based Fair Value estimate is 5,535 CLP, implying the stock looks roughly 0.6% fairly valued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Compañía Cervecerías Unidas S.A generated revenue of 2.9T CLP at a net margin of 3.9%. Revenue grew 0.2% year over year. It earns a return on equity of 7.9%. Net debt stands at 679B CLP. Fundamentals as of Jul 15, 2026

Our scenario range runs from 3,484 CLP (bear case) to 8,323 CLP (bull case); at 5,500 CLP, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -8% fair-value upside, at 1%, CCU screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 1,306 CLP 2,665 CLP 4,698 CLP 80
Residual Income 3,367 CLP 3,631 CLP 4,439 CLP 76
Rev-Margin DCF 2,786 CLP 5,659 CLP 8,900 CLP 74
All 24 models by family
DCF Models
FCF DCF 1,244 CLP 2,756 CLP 5,150 CLP 38
Owner Earnings 1,252 CLP 2,768 CLP 5,170 CLP 31
5Y Revenue Exit 2,786 CLP 5,699 CLP 9,438 CLP 39
5Y EBITDA Exit 4,685 CLP 9,222 CLP 14,525 CLP 41
5Y P/E Exit 2,441 CLP 5,059 CLP 7,791 CLP 38
10Y Revenue Exit 2,059 CLP 4,631 CLP 8,110 CLP 36
10Y EBITDA Exit 3,458 CLP 7,123 CLP 12,053 CLP 37
10Y P/E Exit 1,999 CLP 4,179 CLP 6,834 CLP 35
Earnings-Based
Graham-Dodd 2,156 CLP 6,423 CLP 8,505 CLP 54
Lynch FV 1,356 CLP 1,937 CLP 2,518 CLP 50
PEG = 1.0 1,356 CLP 1,937 CLP 2,518 CLP 46
EPV 3,761 CLP 4,670 CLP 5,477 CLP 59
Multiples
P/E Multiple 4,994 CLP 6,658 CLP 8,323 CLP 63
P/S Multiple 4,042 CLP 5,390 CLP 6,737 CLP 58
P/B Multiple 4,042 CLP 5,390 CLP 6,737 CLP 55
EV/EBIT 5,906 CLP 8,338 CLP 10,770 CLP 53
EV/EBITDA 7,413 CLP 10,347 CLP 13,280 CLP 54
EV/Revenue 3,818 CLP 6,049 CLP 8,281 CLP 43
Asset-Based
NCAV (Graham) 1,992 CLP 2,669 CLP 3,984 CLP 50
Growth DCF
Growth DCF 1,306 CLP 2,665 CLP 4,698 CLP 80
Rev-Margin DCF 2,786 CLP 5,659 CLP 8,900 CLP 74
Economic Profit
Residual Income 3,367 CLP 3,631 CLP 4,439 CLP 76
ROIC Compounder 3,761 CLP 5,072 CLP 6,906 CLP 72
Growth Earnings
Growth-Adj P/E 4,068 CLP 5,811 CLP 7,555 CLP 68

Widest divergence: Multiples (6,049 CLP) versus Earnings-Based (1,937 CLP). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.9T CLP
Revenue growth (YoY) +0.2%
Net margin 3.9%
Return on equity 7.9%
Free cash flow 82.1B CLP FY2025
P/E ratio 17.1
More key figures
Operating margin 11.8%
EPS (TTM) 304.11 CLP
Dividend yield 3.0%
EPS growth (YoY) -6.8%
Net debt 679B CLP FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 47 · Market factors (momentum, volatility) 49

Profitability 44
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Compañía Cervecerías Unidas S.A., together with its subsidiaries, operates as a diversified beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. It operates through three segments: Chile, International Business, and Wine.

Full company description

Compañía Cervecerías Unidas S.A., together with its subsidiaries, operates as a diversified beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. It operates through three segments: Chile, International Business, and Wine. The company offers wines, soft, isotonic, and sports drinks, nectars, iced tea, pisco, rum, cider, liquors, beers, spirits, cocktails, coolers, and cockail wines; and spring, bottled, mineral, and saborized water. It provides its products under the Cristal, Escudo, Royal Guard, Morenita, Dorada, Andes, Bavaria, Stones, Heineken, Sol, Coors, Austral, Polar Imperial, Patagonia, Kunstmann, Guayacán, D´olbek, Mahina, Volcanes del Sur, Bilz, Pap, Kem, Kem Xtreme, Nobis, Pop, Cachantun, Mas, Mas Woman, Porvenir, Manantial, Red Bull, Rockstar, Perrier, Mistral, Tres Erres, Campanario, Horcón Quemado, Control Valle del Encanto, Espíritu de los Andes, La Serena, Iceberg, Hard Fresh, Ruta, Cocktail, Sabor Andino Sour, Horcón Quemado Sour, Sierra Morena, Cabo Viejo, Kantal, Fehrenberg, Barsol, Puklaro, Pernod Ricard, Fratelli Branca, Sidra 1888, La Pizka, Palermo, Santa Fé, Salta, Córdoba, Isenbeck, Norte, Iguana, Miller Genuine Draft, Amstel, Warsteiner, Grolsch, Blue Moon, Sidra Real, La Victoria, Pehuenia, El Abuelo, Eugenio Bustos, La Celia, Colón, Graffina, Santa Silvia, Villavicencio, Villa del Sur, Levité, Ser, Brío, Altaïr, Cabo de Hornos, Sideral, 1865, Castillo de Molina, Epica, Gato, GatoNegro, Reserva, Gran Reserva, Single Vineyard, Lot series, Misiones de Rengo Varietal, Reserva, Cuvée, Gran Reserva Black, Mision, Sparkling line, Alpaca, Reservado, Siglo de Oro Reserva de Viña Santa Helena, Viñamar, Donnaluna, Manquehuito, Graffigna, Colón, Colón Selecto, Nativa, Nix, Watt's, FullSport, 1888, Imperial, Escudo Silver, Kuntsmann, Miller, and Schneider brands. The company was founded in 1850 and is based in Santiago, Chile. Compañía Cervecerías Unidas S.A. operates as a subsidiary of Inversiones y Rentas S.A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Compañía Cervecerías Unidas S.A reported revenue of 2.9T CLP in FY2025 versus 2.5T CLP in FY2021, a compound +4.0%/yr. Reported net income was 117B CLP in FY2025, compounding −12.4%/yr from FY2021.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.9T CLP
Latest YoY
+0.2%
Avg. growth/yr (3Y)
+2.4%
Avg. growth/yr (5Y)
+9.4%
Avg. growth/yr (11Y)
+7.6%
Revenue +4.0%/yr
FY21 2.5T CLP
FY22 2.7T CLP
FY23 2.6T CLP
FY24 2.9T CLP
FY25 2.9T CLP
Net income −12.4%/yr
FY21 199B CLP
FY22 118B CLP
FY23 106B CLP
FY24 161B CLP
FY25 117B CLP

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Cite: Fair Value Calculator (2026). "Compañía Cervecerías Unidas S.A Fair Value". https://www.fairvalue-calculator.com/stock/CCU

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Beverages - Brewers · 52 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Bottom 25%
Fair Value upside +1% · Above median
Return on equity (TTM) 8% · Below median
Return on assets 3% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 12% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.70× · Higher than 75% of peers

Valuation Multiples vs Beverages - Brewers median · lower = cheaper

P/E (TTM) 17.1× · Cheaper than median
P/B 1.31× · Cheaper than median
P/S (TTM) 0.66× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 7.3× · Cheaper than median
PEG 1.67× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 34 · sector 34
FUTURE 1 · sector 3
PAST 32 · sector 36
HEALTH 65 · sector 97
DIVIDEND 59 · sector 54

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Anheuser-Busch InBev SA 1ABI €73.62 €41.60 -43%
Ambev S.A ABEV 14,120 ARS 6,060 ARS -57%
Fomento Económico Mexicano, S.A. FEMSAUBD 222.91 MXN 201.74 MXN -9%
Heineken N.V HEIA €77.24 €65.06 -16%
Constellation Brands, Inc STZ $135.72 $177.43 +31%
Carlsberg A/S CARLA kr 1,125 kr 607.30 -46%
Heineken Holding HEIO €71.20 €72.67 +2%
Tsingtao Brewery Company 600600 ¥53.60 ¥63.65 +19%
Budweiser Brewing Company 1876 HK$6.58 HK$6.05 -8%
Molson Coors Canada Inc TPXA C$63.10 C$74.42 +18%

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Frequently asked questions

Is Compañía Cervecerías Unidas S.A (CCU) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 5,535 CLP versus a price of 5,500 CLP, about +1% (fairly valued).
What is the fair value of CCU?
Our model-based fair value for Compañía Cervecerías Unidas S.A is 5,535 CLP (as of Jul 15, 2026), built from audited fundamentals. The current price is 5,500 CLP.
What is the quality score of CCU?
Compañía Cervecerías Unidas S.A has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Compañía Cervecerías Unidas S.A (CCU)?
Compañía Cervecerías Unidas S.A reported trailing-twelve-month revenue of about 2.9T CLP (latest available figure, as of Jul 15, 2026).
What is the net profit margin of CCU?
The net profit margin of Compañía Cervecerías Unidas S.A is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.
Does Compañía Cervecerías Unidas S.A pay a dividend?
Compañía Cervecerías Unidas S.A currently shows a dividend yield of about 2.96% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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