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Compañía Cervecerías Unidas

DB:CVU
Snowflake Description

6 star dividend payer with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CVU
DB
CLP2,952B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Compañía Cervecerías Unidas S.A. operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The last earnings update was 67 days ago. More info.


Add to Portfolio Compare Print
  • Compañía Cervecerías Unidas has significant price volatility in the past 3 months.
CVU Share Price and Events
7 Day Returns
1%
DB:CVU
-0.5%
DE Beverage
2.8%
DE Market
1 Year Returns
-13.4%
DB:CVU
5.6%
DE Beverage
3%
DE Market
CVU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Compañía Cervecerías Unidas (CVU) 1% -3.1% -22.9% -13.4% 8.5% 26.3%
DE Beverage -0.5% 2.4% -0.7% 5.6% 30% 68%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • CVU underperformed the Beverage industry which returned 5.6% over the past year.
  • CVU underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
CVU
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Compañía Cervecerías Unidas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Compañía Cervecerías Unidas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Compañía Cervecerías Unidas.

DB:CVU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in CLP CLP 293.913745
Payout Ratio Company Filings (2019-06-30) 5796.6%
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CVU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 26%) (10.82%))
0.581
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:CVU using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Compañía Cervecerías Unidas is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:CVU Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CLP293.91 / (5% - 0.23%)
CLP0.04
DB:CVU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CVU represents 0.00249x of SNSE:CCU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00249x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CLP) x Listing Adjustment Factor
= CLP 6,164.30 x 0.00249
€15.35
Value per share (EUR) From above. €15.35
Current discount Discount to share price of €19.90
= -1 x (€19.90 - €15.35) / €15.35
-29.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Compañía Cervecerías Unidas is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Compañía Cervecerías Unidas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Compañía Cervecerías Unidas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CVU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CLP CLP408.05
SNSE:CCU Share Price ** SNSE (2019-10-11) in CLP CLP7989
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Compañía Cervecerías Unidas.

DB:CVU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SNSE:CCU Share Price ÷ EPS (both in CLP)

= 7989 ÷ 408.05

19.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Compañía Cervecerías Unidas is good value based on earnings compared to the DE Beverage industry average.
  • Compañía Cervecerías Unidas is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Compañía Cervecerías Unidas's expected growth come at a high price?
Raw Data
DB:CVU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
10.6%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:CVU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.58x ÷ 10.6%

1.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Compañía Cervecerías Unidas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Compañía Cervecerías Unidas's assets?
Raw Data
DB:CVU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CLP CLP3,488.32
SNSE:CCU Share Price * SNSE (2019-10-11) in CLP CLP7989
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:CVU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SNSE:CCU Share Price ÷ Book Value per Share (both in CLP)

= 7989 ÷ 3,488.32

2.29x

* Primary Listing of Compañía Cervecerías Unidas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Compañía Cervecerías Unidas is overvalued based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Compañía Cervecerías Unidas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Compañía Cervecerías Unidas has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Compañía Cervecerías Unidas expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Compañía Cervecerías Unidas expected to grow at an attractive rate?
  • Compañía Cervecerías Unidas's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Compañía Cervecerías Unidas's earnings growth is positive but not above the Germany market average.
  • Compañía Cervecerías Unidas's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CVU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CVU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 10.6%
DB:CVU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.9%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CVU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CLP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CVU Future Estimates Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,072,218 290,687 192,669 4
2020-12-31 1,935,629 287,238 169,724 5
2019-12-31 1,842,880 254,095 154,755 5
2019-10-13
DB:CVU Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-06-30 1,793,170 188,172 150,776
2019-03-31 1,787,977 433,592 298,662
2018-12-31 1,783,282 429,313 306,891
2018-09-30 1,742,802 433,165 299,635
2018-06-30 1,748,965 466,075 297,225
2018-03-31 1,721,838 288,402 139,754
2017-12-31 1,698,361 262,161 129,607
2017-09-30 1,668,223 215,977 129,597
2017-06-30 1,630,529 227,329 122,644
2017-03-31 1,593,390 172,024 120,470
2016-12-31 1,558,898 190,014 118,457
2016-09-30 1,530,867 176,393 101,312

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Compañía Cervecerías Unidas's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • Compañía Cervecerías Unidas's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CVU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Compañía Cervecerías Unidas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CVU Future Estimates Data
Date (Data in CLP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 526.32 577.38 457.97 3.00
2020-12-31 460.14 520.15 415.22 4.00
2019-12-31 411.79 457.07 359.00 4.00
2019-10-13
DB:CVU Past Financials Data
Date (Data in CLP Millions) EPS *
2019-06-30 408.05
2019-03-31 808.28
2018-12-31 830.55
2018-09-30 810.92
2018-06-30 804.39
2018-03-31 378.22
2017-12-31 350.76
2017-09-30 350.73
2017-06-30 331.92
2017-03-31 326.03
2016-12-31 320.59
2016-09-30 274.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Compañía Cervecerías Unidas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Compañía Cervecerías Unidas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Compañía Cervecerías Unidas has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Compañía Cervecerías Unidas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Compañía Cervecerías Unidas's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Compañía Cervecerías Unidas's year on year earnings growth rate has been positive over the past 5 years.
  • Compañía Cervecerías Unidas's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Compañía Cervecerías Unidas's 1-year earnings growth is negative, it can't be compared to the DE Beverage industry average.
Earnings and Revenue History
Compañía Cervecerías Unidas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Compañía Cervecerías Unidas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CVU Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,793,169.64 150,775.87 469,547.59
2019-03-31 1,787,977.34 298,661.54 465,923.45
2018-12-31 1,783,282.34 306,890.79 466,767.64
2018-09-30 1,742,802.05 299,635.24 434,799.42
2018-06-30 1,748,965.07 297,224.76 435,279.97
2018-03-31 1,721,838.36 139,754.21 433,518.57
2017-12-31 1,698,360.79 129,607.35 432,741.78
2017-09-30 1,668,223.05 129,596.65 433,702.02
2017-06-30 1,630,528.52 122,644.30 434,690.79
2017-03-31 1,593,390.43 120,470.09 429,719.55
2016-12-31 1,558,897.71 118,457.49 426,158.12
2016-09-30 1,530,867.39 101,312.21 425,704.14
2016-06-30 1,526,961.44 109,837.53 420,406.62
2016-03-31 1,529,730.16 122,105.29 415,844.54
2015-12-31 1,498,371.72 120,808.14 405,735.52
2015-09-30 1,442,068.35 123,121.34 390,456.64
2015-06-30 1,393,110.24 117,358.98 376,370.58
2015-03-31 1,345,989.31 122,277.83 363,499.77
2014-12-31 1,297,966.30 119,557.36 350,863.35
2014-09-30 1,275,282.99 125,249.56 342,947.85
2014-06-30 1,248,044.23 131,327.29 334,224.56
2014-03-31 1,227,937.75 123,288.84 324,172.19
2014-01-01 1,197,226.51 123,036.01 314,990.87
2013-09-30 1,156,476.48 122,252.75 313,296.29
2013-06-30 1,123,737.51 118,641.57 255,697.52
2013-03-31 1,098,310.39 114,523.27 282,536.63
2012-12-31 1,075,689.89 114,432.73 271,976.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Compañía Cervecerías Unidas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Compañía Cervecerías Unidas used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Compañía Cervecerías Unidas's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Compañía Cervecerías Unidas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Compañía Cervecerías Unidas has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Compañía Cervecerías Unidas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Compañía Cervecerías Unidas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Compañía Cervecerías Unidas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Compañía Cervecerías Unidas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Compañía Cervecerías Unidas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Compañía Cervecerías Unidas Company Filings, last reported 3 months ago.

DB:CVU Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,399,654.61 285,666.58 164,366.62
2019-03-31 1,368,618.58 255,468.00 352,248.12
2018-12-31 1,389,115.94 258,060.59 330,237.04
2018-09-30 1,318,025.37 275,277.44 293,718.06
2018-06-30 1,256,617.03 253,920.17 316,030.66
2018-03-31 1,199,203.01 240,944.06 208,098.42
2017-12-31 1,226,828.61 178,382.87 177,610.41
2017-09-30 1,220,547.78 192,579.81 121,853.23
2017-06-30 1,221,582.62 195,246.54 131,878.75
2017-03-31 1,225,416.72 149,971.66 160,413.86
2016-12-31 1,200,655.72 145,977.09 141,960.18
2016-09-30 1,181,550.37 159,940.67 116,678.56
2016-06-30 1,174,629.94 162,269.95 136,460.80
2016-03-31 1,174,794.55 146,502.08 226,857.60
2015-12-31 1,187,522.15 156,241.78 196,832.77
2015-09-30 1,200,820.29 172,686.59 192,573.53
2015-06-30 1,178,661.99 176,633.65 190,074.46
2015-03-31 1,173,036.38 163,607.79 228,812.36
2014-12-31 1,148,499.92 169,988.16 215,790.91
2014-09-30 1,102,866.15 182,304.78 186,670.27
2014-06-30 1,103,444.52 168,397.62 276,339.16
2014-03-31 1,092,270.08 165,969.91 349,167.95
2014-01-01 1,084,244.28 0.00 413,322.11
2013-09-30 887,617.15 243,250.16 219,091.81
2013-06-30 732,167.03 247,574.10 67,102.54
2013-03-31 725,871.83 228,442.63 106,683.82
2012-12-31 710,518.29 236,318.46 103,564.53
  • Compañía Cervecerías Unidas's level of debt (20.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.3% vs 20.4% today).
  • Debt is well covered by operating cash flow (65.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 52.6x coverage).
X
Financial health checks
We assess Compañía Cervecerías Unidas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Compañía Cervecerías Unidas has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Compañía Cervecerías Unidas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.97%
Current annual income from Compañía Cervecerías Unidas dividends. Estimated to be 3.68% next year.
If you bought €2,000 of Compañía Cervecerías Unidas shares you are expected to receive €179 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Compañía Cervecerías Unidas's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Compañía Cervecerías Unidas's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CVU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CVU Future Dividends Estimate Data
Date (Data in CLP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 254.59 3.00
2020-12-31 239.15 4.00
2019-12-31 630.94 1.00
2019-10-13
DB:CVU Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-05-08 716.661 8.009
2019-02-28 716.661 7.564
2019-02-27 716.661 7.675
2018-12-06 248.888 2.753
2018-03-08 178.888 2.072
2017-12-06 180.322 2.077
2017-03-08 176.322 2.055
2016-12-07 163.474 2.269
2016-05-03 163.474 2.268
2016-03-02 163.474 2.209
2015-12-01 164.781 2.272
2015-05-05 161.781 2.177
2015-03-04 161.781 2.550
2014-12-03 166.489 2.886
2014-04-30 166.489 2.610
2014-03-05 166.489 2.674
2013-05-02 179.642 2.702
2013-04-26 179.646 2.239
2013-03-14 179.642 2.346
2012-05-02 192.701 2.816
2012-03-07 192.701 2.722
2011-12-15 176.781 2.721
2011-05-04 173.781 3.210
2011-02-08 173.781 3.276
2011-02-02 173.781 3.395
2010-12-09 199.000 3.591
2010-05-26 200.999 3.773
2010-03-17 200.999 4.777
2009-03-06 155.661 4.157
2008-12-05 149.197 4.274

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Compañía Cervecerías Unidas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Compañía Cervecerías Unidas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Compañía Cervecerías Unidas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Compañía Cervecerías Unidas has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Compañía Cervecerías Unidas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patricio Jottar Nasrallah
AGE 56
TENURE AS CEO 21.3 years
CEO Bio

Mr. Patricio Jottar Nasrallah has been the Chief Executive Officer at Compania Cervecerias Unidas S.A. (CCU), a subsidiary of Quinenco S.A since July 1998. Mr. Nasrallah served as the Chief Executive Officer of Santander Chile Holding. He served as President of the board of Vina San Pedro Tarapaca SA. He serves as Chairman of the Board of Compañía Pisquera de Chile S.A., Transportes CCU Limitada and Promarca S.A. He serves as a Director of Austral. Mr. Jottar is on the board of directors of a number of CCU’s subsidiaries and affiliated companies, including, among others: Cervecera CCU Chile Limitada, Embotelladoras Chilenas Unidas S.A., Companías Cervecerías Unidas Argentina S.A., Viña San Pedro Tarapacá S.A., Aguas CCU-Nestlé Chile S.A., Cervecería Kunstmann S.A., Bebidas del Paraguay S.A., Central Cervecera de Colombia S.A.S., Zona Franca Central Cervecera S.A.S., Foods Compañía de Alimentos CCU S.A. and Comercial CCU S.A. He serves as a Director of Viña San Pedro Tarapacá S.A. He received a degree in Business Administration from the Catholic University of Chile and a Masters degree in Economics and Business Administration from Instituto de Estudios Superiores de la Empresa (IESE in Barcelona, Spain).

CEO Compensation
  • Insufficient data for Patricio to compare compensation growth.
  • Insufficient data for Patricio to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Compañía Cervecerías Unidas management team in years:

4.6
Average Tenure
53
Average Age
  • The tenure for the Compañía Cervecerías Unidas management team is about average.
Management Team

Patricio Jottar Nasrallah

TITLE
Chief Executive Officer
AGE
56
TENURE
21.3 yrs

Felipe Dubernet

TITLE
Chief Financial Officer
AGE
49
TENURE
5.7 yrs

Claudio Heras

TITLE
Head of Investor Relations

Felipe Benavides

TITLE
General Counsel
AGE
43
TENURE
4.6 yrs

Antonio Cruz

TITLE
Corporate Development Manager
AGE
37
TENURE
2.3 yrs

Gabriela Ugalde

TITLE
Chief Human Resources Officer
AGE
53
TENURE
1.5 yrs

Martín Rodriguez

TITLE
Head of Project Management Office & Innovation
AGE
58
TENURE
4.6 yrs

Jesús García

TITLE
General Controller
AGE
56
TENURE
14.4 yrs
Board of Directors Tenure

Average tenure and age of the Compañía Cervecerías Unidas board of directors in years:

4.3
Average Tenure
61
Average Age
  • The tenure for the Compañía Cervecerías Unidas board of directors is about average.
Board of Directors

Andrónico Mariano Luksic Craig

TITLE
Chairman
COMPENSATION
CLP269K
AGE
65
TENURE
6.5 yrs

Carlos Alberto Molina Solís

TITLE
Independent Vice Chairman
COMPENSATION
CLP517K
AGE
62
TENURE
1.4 yrs

José Francisco Pérez Mackenna

TITLE
Director
COMPENSATION
CLP516K
AGE
61
TENURE
21.3 yrs

Vittorio Corbo Lioi

TITLE
Independent Director
COMPENSATION
CLP338K
AGE
76
TENURE
7.5 yrs

Pablo Granifo Lavín

TITLE
Director
COMPENSATION
CLP412K
AGE
60
TENURE
6.5 yrs

Rodrigo Hinzpeter Kirberg

TITLE
Director
COMPENSATION
CLP371K
AGE
53
TENURE
4.3 yrs

Jose Barros

TITLE
Director
COMPENSATION
CLP391K
AGE
55
TENURE
3.5 yrs

Hemmo Parson

TITLE
Director
TENURE
1.4 yrs

Rory Cullinan

TITLE
Director
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Compañía Cervecerías Unidas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Compañía Cervecerías Unidas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Compañía Cervecerías Unidas S.A. operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores. The company also produces and sells non-alcoholic beverages, including carbonated soft drinks, nectars and juices, sports and energy drinks, and ice tea, as well as mineral, purified, and flavored bottled water. In addition, it is involved in the production and distribution of wine, cider, and spirits. The company serves small and medium-sized retail outlets; retail establishments, such as restaurants, hotels, and bars; wholesalers; and supermarket chains. Compañía Cervecerías Unidas S.A. also exports its products to Europe, Latin America, the United States, Canada, Asia, Oceania, and internationally. The company was founded in 1850 and is based in Santiago, Chile. Compañía Cervecerías Unidas S.A. is a subsidiary of Inversiones y Rentas S.A.

Details
Name: Compañía Cervecerías Unidas S.A.
CVU
Exchange: DB
Founded: 1850
CLP3,758,895,757
369,502,872
Website: http://www.ccu.cl
Address: Compañía Cervecerías Unidas S.A.
Vitacura 2670,
Twenty-Third Floor,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE CCU Common Stock Santiago Stock Exchange CL CLP 28. Oct 1992
NYSE CCU SPON ADR EA REP 2 COM NPV New York Stock Exchange US USD 24. Sep 1992
DB CVU SPON ADR EA REP 2 COM NPV Deutsche Boerse AG DE EUR 24. Sep 1992
Number of employees
Current staff
Staff numbers
8,921
Compañía Cervecerías Unidas employees.
Industry
Brewers
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:32
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/26
Last earnings filing: 2019/08/07
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.