CCUNYSEMalt BeveragesFiscal year ends December 31
UNITED BREWERIES CO INC
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 29, 2026
$10.93+0.04 (+0.37%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
45.2%−4.9 pts over 5 years
Operating margin
9.0%−3.8 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.2% | +5.3% | +9.8% | – | |
| Gross profit | +10.7% | +3.3% | +7.5% | – | |
| Operating income | +9.4% | -7.4% | +2.3% | – | |
| Free cash flow | -20.7% | +2.9% | +4.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | – | |
| Return on assets | – | – | – | |
| Current ratio | – | 1.63 | 2.06 | |
| Interest coverage | 9.2× | 8.4× | 2.7× | |
| Inventory turnover | – | 3.9× | 3.6× | |
| Capex to revenue | 8.7% | 7.4% | 5.3% | |
| Diluted shares | 369.50B | – | – |
Where the cash went
Fiscal 2020 to 2024, five years combined
United Breweries generated 1.20T CLP from operations and spent 1.43T CLP on capital expenditure, dividends and share buybacks. 52% of that went back into the business.
Generated
1.20T CLP
Used
1.43T CLP
Capital expenditure752.67B CLP52%Dividends681.97B CLP48%Share buybacks0 CLP0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin17.2%
×Asset turnover0.81×
×Equity multiplier1.84×
=Return on equity, FY201825.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2018 | 17.2% | 0.81× | 1.84× | 25.8% |
| FY2017 | 7.6% | 0.88× | 1.77× | 11.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
2of 4 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero287.52B CLP
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income287.52B CLP vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.33 → 2.06
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year46.26% → 45.23%
- More efficientAsset turnover rose0.71 → 0.85