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Chile's largest brewer, also making soft drinks, wine and spirits across Chile, Argentina and other Latin markets.
Chile's largest brewer, also making soft drinks, wine and spirits across Chile, Argentina and other Latin markets.
Beer, soft drinks and wine all move through the same distribution network, so licensed global brands such as Heineken add volume in Chile. Quinenco, the Luksic family company, and Heineken jointly control it. Argentina's high inflation and currency swings affect its reported results.
In one line: Chile's Anheuser-Busch and Coca-Cola bottler combined.
Moat: narrow (brand, distribution, scale). Dominant Chilean beer distribution network and bottling agreements with global brands.
Headquarters: Santiago, Chile · Founded: 1902 · Employees: 9,455
Size Compania Cervecerias Unidas S.A. Sponsored ADR (CCU) is a United States Consumer Staples company (Beverages: Alcoholic) with a market value of $2.02B, the 1781st largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.84 on 6 Nov 2026.
Performance Over six months the shares fell 9.2%, against -7.1% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 5.5% over the last twelve months (peer median -3.2%); the operating margin is 7.4% (peer median 11.3%).
Valuation It trades at 13.7× forward earnings against a peer median of 32.6× (2nd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.3 points above its cost of capital (6.7% WACC).
Short interest Short interest is 1.3% of the free float (15 Oct 2026).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.33B | $3.06B | $3.08B | $3.05B | $3.10B |
| Revenue growth | — | -1% | +1% | -2% | — |
| Gross profit | $1.49B | $1.36B | $1.39B | $1.41B | $1.37B |
| EBITDA | $429M | $388M | $407M | $450M | $405M |
| Net income | $114M | $123M | $170M | $126M | $135M |
| Free cash flow | $175M | $102M | $143M | $202M | -$163M |
| Capital expenditure | $169M | $165M | $170M | $154M | $233M |
| Total debt | $1.36B | $1.42B | $1.45B | $1.59B | $1.63B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Compania Cervecerias Unidas S.A. Sponsored ADR CCU | $2.02B | -9% | +6% | 7% | 13.7× | 0.4% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% |
| Molson Coors Beverage TAP | $7.54B | -4% | -2% | 12% | 9.2× | -4.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CCU | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.2% | +2.7% | 6th lowest of 21 |
| 6-month return | -9.2% | -7.1% | 10th lowest of 21 |
| Distance from 52-week high | -29.4% | -30.5% | 10th highest of 21 |
| Revenue growth (TTM) | +5.5% | -3.2% | 6th highest of 21 |
| Operating margin | 7.4% | 11.3% | 7th lowest of 21 |
| Forward P/E | 13.7× | 32.6× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 0.4% | 6.5% | 4th least demanding of 12 |
| Growth delivered (Del g) | +5.5% | +2.5% | 6th highest of 12 |
| Hurdle (Req g minus delivered) | -5.1 pp | +4.0 pp | 5th least demanding of 12 |
| ROIC minus cost of capital | +0.3 pp | -2.4 pp | 8th highest of 21 |
| EV / EBITDA | 7.3× | 20.2× | cheapest of 10 |
| Net debt / EBITDA | 2.3× | 2.2× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Compania Cervecerias Unidas S.A. Sponsored ADR CCU | United States | $2.02B | -9% | +6% | 7% | 13.7× | 0.4% | +5.5% |
| Sichuan Swellfun 600779.SS | China | $2.06B | -13% | -30% | 20% | 46.3× | 16.6% | +0.1% |
| Allied Blenders and Distillers ABDL.NS | India | $2.10B | +24% | -20% | 11% | 63.5× | n/a | n/a |
| Boston Beer SAM | United States | $2.24B | +12% | -4% | 5% | 21.0× | 6.5% | +2.5% |
| Jiugui Liquor 000799.SZ | China | $1.70B | -18% | +19% | -3% | 271.1× | n/a | n/a |
| Anhui Kouzi Distillery 603589.SS | China | $1.65B | -22% | -19% | 13% | 22.9× | n/a | n/a |
| Hebei Hengshui Laobaigan Liquor 600559.SS | China | $1.64B | -12% | -17% | 11% | 30.7× | 14.2% | +2.4% |
| Shede Spirits 600702.SS | China | $1.61B | -24% | -10% | -1% | 53.4× | n/a | n/a |
| Kuaijishan Shaoxing Rice Wine 601579.SS | China | $1.51B | +22% | +6% | 19% | 35.8× | 1.3% | +10.7% |
| Chongqing Brewery 600132.SS | China | $2.88B | -28% | -4% | 20% | 17.3× | -8.9% | +6.2% |
| Guangzhou Zhujiang Brewery 002461.SZ | China | $2.91B | -15% | +2% | 15% | 19.8× | -5.8% | +6.9% |
| Yantai Changyu Pioneer Wine 000869.SZ | China | $1.36B | -12% | -2% | 3% | 16.1× | 3.7% | -3.0% |
| Remy Cointreau RCO.PA | France | $3.08B | +30% | -5% | 16% | 29.2× | 17.0% | -1.5% |
| Tilaknagar Industries TI.NS | India | $1.27B | +3% | +150% | 10% | 50.4× | n/a | n/a |
| Jinhui Liquor 603919.SS | China | $1.27B | -6% | -2% | 11% | 36.1× | 14.6% | +10.9% |
| United Breweries UBL.NS | India | $3.33B | -17% | +7% | 6% | 65.9× | n/a | n/a |
| Royal Unibrew A/S RBREW.CO | Denmark | $3.37B | +11% | +3% | 14% | 13.3× | -7.1% | +16.5% |
| ZJLD 6979.HK | Hong Kong | $3.41B | -3% | -29% | 13% | 27.6× | n/a | n/a |
| Treasury Wine Estates TWE.AX | Australia | $3.56B | +52% | -12% | 17% | 18.4× | 9.3% | -0.4% |
| Zhejiang Guyuelongshan Shaoxing Wine 600059.SS | China | $1.12B | -8% | -3% | 11% | 40.5× | n/a | n/a |
| Takara 2531.T | Japan | $3.84B | +75% | +9% | 4% | 34.6× | n/a | n/a |