| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 81 | 20.3x | 17.8x | Top tier | |
Growth | 49 | -7.8% | 7.1% | Around median | |
Quality | 70 | 10.6% | 4.5% | Top tier | |
Safety | 55 | 2.7x | 2.6x | Around median | |
Capital Return | 1 | — | 2.12% | Bottom tier | |
Momentum | 35 | -2.2% | 2.9% | Bottom tier | |
Sentiment | 70 | 3 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Compañía Cervecerías Unidas S.A. produces and markets a multi-category beverage portfolio in Chile, Argentina, Bolivia, Colombia, and wine export markets. The portfolio includes beer, spirits, wine, mineral, purified, and flavored water, juices, functional beverages, and low-alcohol ready-to-drink products, and the company relies on sales volumes, price management, and category, channel, and packaging mix optimization to generate revenue. Its brands mentioned in the earnings call include Stones, Mistral, Kantal, Cachantún, and Manantial, alongside Pepsi and products associated with Heineken and Nestlé.
In Q2 fiscal 2026, consolidated net sales rose 4.8%, as a 6.4% increase in average prices in Chilean pesos offset a 1.5% decline in volumes. Gross profit grew 6.8% and its margin improved by 76 basis points, while MSD&A expenses rose 3.3% but fell as a percentage of sales by 62 basis points; as a result, EBITDA expanded 59.4%. Nevertheless, the company recorded a larger net loss than in Q2 fiscal 2025, affected by a nonrecurring impairment loss of 6.068 billion Chilean pesos related to the Bolivia business and by a nonrecurring positive tax effect that had supported the comparison period in Argentina.
The Chile segment led performance in Q2 fiscal 2026, with sales growth of 1.5%, volume growth of 2.5%, and EBITDA growth of 26.2%, while international business sales increased 15.7% despite a 7.4% decline in volumes, and its operating loss on an EBITDA basis narrowed 25.8%. By contrast, wine segment sales declined 14.1%, volumes 13.7%, and gross profit 26.9%, causing its EBITDA to contract 61.9%. For the annual comparison, fiscal 2024 revenue was approximately $2904.6 billion, gross profit was $1313.6 billion, and net income was $176.5 billion, according to the provided EDGAR figures.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on CCU is “Neutral,” with an average price target of $9.05 and the highest and lowest targets matching at the same level, indicating no dispersion in estimates but also reflecting that the consensus relies on only one target. This target is below the 52-week range of $10.71–$15.36, consistent with concerns about the wine contraction, weak consumption in Argentina, and higher leverage, and no price-to-earnings ratio is available to compare valuation with earnings.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Consolidated net sales rose 4.8% due to a 6.4% increase in average prices in Chilean pesos, despite a 1.5% decline in volumes. Gross profit grew 6.8% and its margin improved by 76 basis points, while EBITDA increased 59.4%. The Chile segment was the main driver, raising its volumes by 2.5% and EBITDA by 26.2% during the same period.
In Q2 fiscal 2026, wine volumes declined 13.7% and sales fell 14.1% due to industry contraction in the export and Chilean markets. Gross profit fell 26.9% due to higher wine costs, while the stronger Chilean peso pressured export revenue and the average price declined 0.5% because of mix. This resulted in a 61.9% contraction in EBITDA, despite a 3.7% reduction in MSD&A expenses and the recognition of restructuring expenses of 1.633 billion Chilean pesos.
In Q2 fiscal 2026, CCU purchased Nestlé Chile's 49% stake, increasing its ownership in Aguas Nestlé to 100%. Management said the water market in Chile had been expanding at a low-double-digit rate through June 2026 and that full ownership would accelerate decision-making and give CCU all of the subsidiary's net income. The strategic relationship with Nestlé will continue through the distribution of water brands and coffee-based ready-to-drink beverages in Chile, alongside support for Cachantún and Manantial.
International business segment volumes declined 7.4% in Q2 fiscal 2026, with high-single-digit contraction in Argentina's beer and water industries. The company partially offset this by raising average prices in Chilean pesos by 24.9%, mainly through price increases aligned with inflation, narrowing the segment's loss on an EBITDA basis by 25.8%. Management reported on August 5, 2026, that seasonally adjusted volumes had been improving monthly since March 2026, but emphasized that stable inflation and exchange rates had not yet translated into more active consumption.
Management believes that water, flavored water, juices, and functional products are driving growth in better-for-you categories, and non-alcoholic categories grew at a mid-single-digit rate in Q2 fiscal 2026. Volumes of Stones, Mistral, and Kantal ready-to-drink and low-alcohol products also increased by more than 10% and came to represent 8.3% of total alcoholic beverages in the segment through June 2026. The company is supporting this trend through Cachantún innovations, the expansion of Manantial in purified water, and the use of revenue management tools to improve the channel and packaging mix.
The ratio of net financial debt to EBITDA increased from 1.7 times in the previous quarter to 2.4 times in Q2 fiscal 2026 after CCU used available cash to finance the acquisition. The new level is near the upper end of the company's stated range of 1.5 to 2.5 times. The CFO confirmed on August 5, 2026, that the policy of distributing at least 50% of net income remained in place for fiscal 2026, while the 2027 policy is subject to the customary shareholders' meeting in April 2027.
