AACCE Investments
ScreenerStocksIndicesPicksETFsBlogPricing

© 2026 ACCE Investments. All rights reserved.

ACCE Investments - Institutional-grade stock research for retail investors | BetaList
IndicesStocksETFsScreenerBlogGlossaryCompareMarket dataAdvisors
TermsPrivacyCookiesDisclaimerLegal noticeProfessional termsAboutContact
CCU

Compania Cervecerias Unidas S.A. Common Stock (CCU) fair value

Consumer Defensive · Beverages - Brewers · NYSE · United States
$10.43-2.16%
Market cap $2.0BNext earnings 2026-11-05Updated Oct 20, 2026
Add earnings to calendarGoogle
Our verdict
Close to our fair value
Price
$10.43
Model fair valueConfidence: good
$10.11
Model range
$5.72 to $12.95
Fair value $10.11
Price $10.43
5 models fit Compania Cervecerias Unidas S.A. Common Stock and they disagree: 2 of 5 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze49
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionCompania Cervecerias Unidas S.A. Common Stock (CCU)
Fair value (5 models)
$10.11
ACCE price target
$10.90
Rating
Fairly valued
Horizon
12 months
Fair value published on 20 Oct 2026, 16:04 CEST; previously $6.47 since 7 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $10.43 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
3.1% above
-3.0% to fair value
ACCE score
44
out of 100
Analysts
0% buy
7 covering
P/E
17.5x
forward 10.9x
1-year return
-17.3%
Dividend yield
3.27%

Compania Cervecerias Unidas S.A. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Compania Cervecerias Unidas makes Cristal, Escudo and Heineken-licensed beer in Chile, Argentina and Uruguay, alongside Chilean wine (Concha y Toro) and soft drinks and water, and it is the dominant brewer in its home market. The moat is distribution and brand scale in a small, concentrated market, though the company's ROE of 7.9% shows that scale is not translating into strong returns on equity. Revenue growth of 4.8% is respectable for a mature beverage business, and a forward P/E of 10.9 against a trailing 17.5 implies the market expects earnings to recover. The zero operating margin in the data is a number to verify before anything else, since it conflicts with a 45% gross margin and needs explaining (one-off charges, a reporting quirk or genuine cost pressure). The score of 46/100 and the absence of index membership suggest the screen is not yet convinced, so the case rests on whether the earnings rebound is real.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
  • moderate
    Earnings falling despite revenue growth
    Revenue grew 4.8% YoY, but earnings fell 6.8% and net margin is only 3.5%. Profit is not keeping pace with sales.
  • moderate
    Operating margin reported at zero
    Operating margin is shown as 0.0% against a 45.0% gross margin, which points to heavy operating costs. Verify this figure before relying on it.

AI research notes

AI-assisted·How I use AIWritten Oct 14, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Free cash flow over the last 12 months reached CLP 91.9B, giving the company real cash generation to support its operations.
  • Revenue grew 4.8% year over year, and the company has averaged 8.3% annual growth over five years.
  • The forward P/E of 13.7x is below the trailing 17.5x, and the dividend yield stands at 3.2%.
Why it could disappoint
  • Analysts are unenthusiastic, with none of the 7 covering them rating the stock Buy or Strong Buy.
  • The latest quarter missed badly, with earnings per share of -0.12 against 0.08 expected, a 250.0% shortfall.
  • Returns are thin, with return on equity at 7.9% and return on invested capital at 3.3%, while debt to equity sits at 0.90.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

Ask ACCE

Valuation

INVESTOR
Where CCU's valuation models land
Price
$10.43
Model fair value
$10.11
Model range
$5.72 to $12.95
Fair value $10.11
Price $10.43
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
Create a free account: 5 full stock pages a month, no card.

See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bearish0% buy · 7 covering analysts
● Strong buy 0● Buy 0● Hold 3● Sell 2● Strong sell 2
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-4.2%
1 month
-6.3%
3 months
-8.9%
6 months
-8.9%
YTD
-18.3%
1 year
-17.3%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
20 Oct 2026, 16:04 CESTRatingFairly valuedfirst publication$10.93
20 Oct 2026, 16:04 CESTFair value$10.11$6.47$10.93
11 Oct 2026, 00:00 CESTACCE price target$10.90first publication$10.91
7 Oct 2026, 00:00 CESTFair value$6.47$6.59$10.98
28 Sept 2026, 00:00 CESTFair value$6.59$6.46$11.00
16 Sept 2026, 00:00 CESTFair value$6.46$6.55$11.50
11 Sept 2026, 00:00 CESTFair value$6.55$6.64$11.96
4 Sept 2026, 00:00 CESTFair value$6.64$7.31$11.71
19 Aug 2026, 00:00 CESTFair value$7.31$7.05$11.69
13 Aug 2026, 00:00 CESTFair value$7.05$7.15$11.91

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

Get the full CCU page, free

Every model, the scenarios, fair value history, AI notes and the four questions. 5 full stock pages every month on the free plan, no card.

Free accounts get 5 full stock pages a month, including the full page.

Snapshot

Growth28Value75Quality46Momentum25Total44
Valuation
Trailing P/E
17.5x
Forward P/E
10.9x
PEG
no data
P/B
1.40x
EV / Revenue
1.0x
Book value/sh
CLP 4007.12
Enterprise value
$3.0B
Profitability
ROE
7.9%
FCF yield
4.56%
ROIC
3.3%
Health and risk
Debt / equity
0.90
Dividend yield
3.27%
Beta
0.26

Price

-15.8% · 1Y

Ask anything about CCU

Answered from Compania Cervecerias Unidas S.A. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 80% of peers
low 13.3x17.5xhigh 91.9x
ROEbetter than 80% of peers
low -9%8%high 26%
Div yieldbetter than 83% of peers
low 0.0%3.3%high 3.6%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
CCU Compania Cervecerias Unidas S.A. Common Stock$10.43$103% above17.5x7.9%4644
SAM Boston Beer Company Inc. (The) Common Stock$202.28$26624% below--8.6%5239
CCU.SN Compania Cervecerias Unidas SACLP 5185.00--18.8x7.9%4647
RBREW.CO Royal Unibrew A/Skr 433.80kr 50714% below13.3x26.2%7756
UBL.NS United Breweries Limited₹1142.60--79.1x-6732
2531.T Takara Holdings Inc.¥2693.50--47.3x2.8%5151
2501.T Sapporo Breweries Limited¥2014.50--91.9x2.4%5555

Sector report card

Where CCU ranks against its sector peers on each metric.

Computing percentiles…
20 filings of 33
August 2026
Aug 6
6-KForeign current reportPeriod 2026-06-30
View on SEC →
Aug 5
6-KForeign current reportPeriod 2026-06-30
View on SEC →
June 2026
Jun 5
6-KForeign current reportPeriod 2026-06-30
View on SEC →
17 more filings + AI summaries on Investor+.INVESTOR