` Comparison: CCU, HEIO - Alpha Spread

C
CCU
vs
HEIO

Over the past 12 months, CCU has underperformed HEIO, delivering a return of +1% compared to the HEIO's +8% growth.

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CCU
HEIO
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Valuation Comparison

C
CCU Intrinsic Value
9 204.52 CLP
Undervaluation 36%
Intrinsic Value
Price
HEIO Intrinsic Value
121.5 EUR
Undervaluation 49%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
C
Compania Cervecerias Unidas SA
SGO:CCU
5 900 CLP
Heineken Holding NV
AEX:HEIO
62.35 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
CCU, HEIO

CCU
HEIO
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
C
Compania Cervecerias Unidas SA
Revenue
Heineken Holding NV
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
CCU, HEIO

CCU
HEIO
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
C
Compania Cervecerias Unidas SA
SGO:CCU
Heineken Holding NV
AEX:HEIO
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What is Free Cash Flow?

Gross Margin

CCU
45.2%
HEIO
35.1%

Operating Margin

CCU
7.9%
HEIO
11.4%

Net Margin

CCU
5%
HEIO
3.2%

FCF Margin

CCU
5.1%
HEIO
9.2%

ROE

CCU
10.4%
HEIO
10.3%

ROA

CCU
4.2%
HEIO
1.8%

ROIC

CCU
11%
HEIO
5.8%

ROCE

CCU
8.3%
HEIO
8.8%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CCU, HEIO

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Performance Gap
CCU, HEIO

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CCU
HEIO
Difference
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Performance By Year
CCU, HEIO

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CCU
HEIO
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