CCUCompañía Cervecerías Unidas S.A.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.6×).
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
A balanced mix of margins, efficiency, and leverage. ROE 9% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CCU?
Compañía Cervecerías Unidas S.A. keeps 6.6% of every revenue dollar as operating profit, against 17% for the median Beverages - Brewers name.
Operating margin · Beverages - Brewers median 17% · fiscal year to FY2025
- Cash conversion
- 1.57×
Cash conversion · 1.39× a year ago · operating cash flow covers the operating profit after tax
- Gross margin
- 44%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 9.4% |
| FY2021 | 13% |
| FY2022 | 8.1% |
| FY2023 | 9.3% |
| FY2024 | 9.0% |
| FY2025 | 6.6% |
Details›
- Gross marginfiscal year to FY2025
- 44%
- Operating marginfiscal year to FY2025
- 6.6%
- Net marginfiscal year to FY2025
- 4.7%
- Free cash flow margin
- 3.3%
- Revenue, trailing twelve months
- $2.91T
- Free cash flow, trailing twelve months
- $96.7B
- Net income, trailing twelve months
- $137.3B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.