Compania Cervecerias Unidas SA (CCU) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Compania Cervecerias Unidas SA CLP 5,326, price CLP 5,351, upside -0.5%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 3,991 CLP – 7,121 CLP · fair‑value band 2,866 CLP – 7,555 CLP · the 5,351 CLP price screens above the 5,326 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Compania Cervecerias Unidas SA (CCU) currently trades at 5,351 CLP, while our model-based Fair Value estimate is 5,326 CLP, implying the stock looks roughly 0.5% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 6,049 CLP per share, and 12 of the 24 models we run sit above the 5,351 CLP price.
Bear case: the Earnings-Based group reads lowest at 1,937 CLP, and 12 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 2,866 CLP (bear) to 7,555 CLP (bull), the price of 5,351 CLP sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Compania Cervecerias Unidas SA 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.
Key figures
Market cap 2.0T CLP (≈ $2.0B) · P/E ratio 17.6 · P/S ratio 0.71 · EPS (TTM) 304.11 CLP · Dividend yield 3.0% · Net margin 4.0% · Return on equity 7.9% · Return on assets (EBIT) 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −4% fair-value upside, at 0%, CCU screens cheaper than that median.
Fair Value models
Bear 2,866 CLPFair Value 5,326 CLPBull 7,555 CLP
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (106.50 CLP per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
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What shareholders gained per year (last 5 years), in CLP ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in CLP: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+0.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.1%
Dividend (yield on the price)3.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 7%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Chile: IMF forecast 3.0% a year to 2030, 4.5% from 2016 to 2025) that is about +17.4% a year for the price and +0.8% for the forecasts.
Compare Compania Cervecerias Unidas SA with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Beverages - Brewers · 58 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Bottom 25%
Fair Value upside−1% · Above median
Profitability
Return on equity (TTM)8% · Below median
Return on assets3% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)12% · Above median
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)3.0% · Below median
Balance sheet
Debt / equity0.70× · Highest 25%
Valuation Multiplesvs Beverages - Brewers median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Compania Cervecerias Unidas SA Fair Value". https://www.fairvalue-calculator.com/stock/CCU
Frequently asked questions
Is Compania Cervecerias Unidas SA (CCU) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 5,326 CLP versus a price of 5,351 CLP, about −0% upside (fairly valued).
What is the fair value of CCU?
Our model-based fair value for Compania Cervecerias Unidas SA is 5,326 CLP (as of Sep 24, 2026), built from audited fundamentals. The current price: 5,351 CLP.
What is the quality score of CCU?
Compania Cervecerias Unidas SA 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 price target for Compania Cervecerias Unidas SA (CCU)?
Our model-based price target is the fair value of 5,326 CLP (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 2,866 CLP, optimistic scenario 7,555 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the Compania Cervecerias Unidas SA stock forecast for 2026?
Our models put fair value at 5,326 CLP, about −0% upside versus a price of 5,351 CLP (fairly valued). Cautious scenario 2,866 CLP, optimistic scenario 7,555 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of Compania Cervecerias Unidas SA (CCU)?
Compania Cervecerias Unidas SA reported trailing-twelve-month revenue of about 2.9T CLP (latest available figure, as of Sep 24, 2026).
Does Compania Cervecerias Unidas SA pay a dividend?
Compania Cervecerias Unidas SA currently shows a dividend yield of about 2.96% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Compania Cervecerias Unidas SA (CCU)?
For today's price to be fair in a discounted-cash-flow model, Compania Cervecerias Unidas SA would have to grow free cash flow by +21.0 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CCU use?
Our models discount Compania Cervecerias Unidas SA at 10.6 %: a base by market capitalisation (small), damped by beta 0.21, country premium for Chile. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Compania Cervecerias Unidas SA that is +21.0 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Compania Cervecerias Unidas SA (CCU) delivered so far?
Over the past 5 years revenue at Compania Cervecerias Unidas SA grew +9.4 % a year. The price currently implies +21.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Compania Cervecerias Unidas SA (CCU) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into Compania Cervecerias Unidas SA (+21.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Compania Cervecerias Unidas SA (CCU)?
The free-cash-flow yield on the price is 4.15 %: that much free cash flow Compania Cervecerias Unidas SA produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Compania Cervecerias Unidas SA (CCU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Compania Cervecerias Unidas SA it is 5,326 CLP per share (as of Sep 24, 2026), against a price of 5,351 CLP. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Compania Cervecerias Unidas SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CCU trades above its calculated fair value: price 5,351 CLP, fair value 5,326 CLP, a gap of about −0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CCU?
No. The price is what the market pays today (5,351 CLP); the fair value is what the company's own numbers justify (5,326 CLP). For Compania Cervecerias Unidas SA the two are 25.24 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is Compania Cervecerias Unidas SA worth?
The market values Compania Cervecerias Unidas SA at about 2.0T CLP (market capitalisation, as of Sep 24, 2026). Per share that is 5,351 CLP; our models calculate a fair value of 5,326 CLP per share.
What do the bullish and bearish scenarios say about CCU?
Our models span a range for Compania Cervecerias Unidas SA: cautious scenario 2,866 CLP, base 5,326 CLP, optimistic 7,555 CLP per share (as of Sep 24, 2026, price 5,351 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CCU?
Compania Cervecerias Unidas SA trades at a price-to-earnings ratio of 17.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5,326 CLP is built from several models across several years. Other multiples: PEG 1.7, P/B 1.3, P/S 0.7, EV/EBITDA 7.5.
What is the PEG ratio of CCU?
The PEG ratio of Compania Cervecerias Unidas SA is 1.67 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Compania Cervecerias Unidas SA (CCU)?
Balance-sheet figures for Compania Cervecerias Unidas SA (as of Sep 24, 2026): return on equity 7.9%, debt of 0.70 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is CCU from its 52-week high?
Compania Cervecerias Unidas SA trades at 5,351 CLP, about 18% below its 52-week high of 6,510 CLP and 7% above the low of 4,987 CLP (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 5,326 CLP is for.
Which stocks are comparable to Compania Cervecerias Unidas SA?
From the same area (Consumer Defensive) we also value Anheuser-Busch InBev SA, Heineken N.V, Fomento Económico Mexicano, S.A., Constellation Brands, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Compania Cervecerias Unidas SA stock attractive at the current price?
The data as of Sep 24, 2026: price 5,351 CLP, calculated fair value 5,326 CLP (−0%), Quality Score 50/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CCU calculated?
We run Compania Cervecerias Unidas SA through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 5,326 CLP, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Compania Cervecerias Unidas SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Compania Cervecerias Unidas SA (CCU)?
The closing price on Sep 23, 2026 was 5,351 CLP. Our model-based fair value is 5,326 CLP, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Compania Cervecerias Unidas SA right now?
The model range is unusually wide (2,866 CLP to 7,555 CLP). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Compania Cervecerias Unidas SA
How large is the market capitalisation of Compania Cervecerias Unidas SA (CCU)?
The market capitalisation of Compania Cervecerias Unidas SA is 2.0T CLP (≈ $2.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Compania Cervecerias Unidas SA (CCU)?
The price-to-sales ratio of Compania Cervecerias Unidas SA is 0.71 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Compania Cervecerias Unidas SA (CCU)?
Earnings per share at Compania Cervecerias Unidas SA are 304.11 CLP (price ÷ EPS = P/E 17.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Compania Cervecerias Unidas SA (CCU)?
The dividend yield of Compania Cervecerias Unidas SA is 3.0% (payout 52.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Compania Cervecerias Unidas SA (CCU)?
The net margin of Compania Cervecerias Unidas SA is 4.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Compania Cervecerias Unidas SA (CCU)?
The return on equity (ROE) of Compania Cervecerias Unidas SA is 7.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Compania Cervecerias Unidas SA (CCU)?
On an EBIT basis the return on assets of Compania Cervecerias Unidas SA is 7.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Compania Cervecerias Unidas SA (CCU)?
The operating margin of Compania Cervecerias Unidas SA is 11.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Compania Cervecerias Unidas SA (CCU)?
Revenue at Compania Cervecerias Unidas SA is growing +0.2% versus a year earlier (3y avg +2.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Compania Cervecerias Unidas SA (CCU)?
Earnings per share at Compania Cervecerias Unidas SA are growing −6.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Compania Cervecerias Unidas SA (CCU) carry?
The net debt of Compania Cervecerias Unidas SA is 679B CLP (fiscal year 2025, ≈ 8.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 24, 2026