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Yum! Brands

Yum! Brands's net profit rose 74.2% yoy to USD 1,575 mil in 2021

By Helgi Library - May 11, 2022

Yum! Brands made a net profit of USD 1,575 mil with revenues of USD 6,584 mil in 2021, up by 74.2% and up by 16.5%, ...

Yum! Brands's net profit rose 74.2% yoy to USD 1,575 mil in 2021

By Helgi Library - May 11, 2022

Yum! Brands made a net profit of USD 1,575 mil with revenues of USD 6,584 mil in 2021, up by 74.2% and up by 16.5%, ...

Yum! Brands's price/earnings (P/E) fell 26.6% yoy to 26.5 in 2021

By Helgi Library - May 11, 2022

Yum! Brands stock traded at USD 138 per share at the end 2021 translating into a market capitalization of USD 40,131 mil. Since t...

Profit Statement 2025 2026 2027
Sales USD mil 8,660 9,162 9,614
Gross Profit USD mil 6,409 6,780 7,114
EBITDA USD mil 3,179 3,500 3,409
EBIT USD mil 2,965 3,216 3,109
Financing Cost USD mil 562 615 640
Pre-Tax Profit USD mil 2,403 2,601 2,469
Net Profit USD mil 1,793 1,874 1,789
Dividends USD mil 932 937 895
Balance Sheet 2025 2026 2027
Total Assets USD mil 5,042 5,174 5,311
Non-Current Assets USD mil 3,285 3,353 3,423
Current Assets USD mil 1,757 1,821 1,888
Working Capital USD mil ... ... ...
Shareholders' Equity USD mil -4,643 -3,701 -2,849
Liabilities USD mil 9,685 8,875 8,160
Total Debt USD mil 12,167 12,177 12,187
Net Debt USD mil 11,681 14,475 15,609
Ratios 2025 2026 2027
ROE % -34.8 -44.9 -54.6
ROCE % ... ... ...
Gross Margin % 74.0 74.0 74.0
EBITDA Margin % 36.7 38.2 35.5
EBIT Margin % 34.2 35.1 32.3
Net Margin % 20.7 20.4 18.6
Net Debt/EBITDA 3.68 4.14 4.58
Net Debt/Equity % -252 -391 -548
Cost of Financing % 4.62 5.05 5.25
Valuation 2025 2026 2027
Market Capitalisation USD mil 33,522 33,522 33,522
Enterprise Value (EV) USD mil 45,203 47,997 49,131
Number Of Shares mil 302 302 302
Share Price USD 111 111 111
EV/EBITDA 14.2 13.7 14.4
EV/Sales 5.22 5.24 5.11
Price/Earnings (P/E) 18.7 17.9 18.7
Price/Book Value (P/BV) -7.22 -9.06 -11.8
Dividend Yield % 2.83 2.84 2.71

Get all company financials in excel:

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overview Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                                  
Sales USD mil             5,878 5,688 5,597 5,652 6,584            
Gross Profit USD mil             2,924 4,054 4,362 4,146 4,859            
EBIT USD mil             2,761 2,296 1,930 1,503 2,139            
Net Profit USD mil             1,340 1,542 1,294 904 1,575            
                                     
ROE % ...           -22.4 -21.6 -16.2 -11.4 -19.4            
EBIT Margin %             47.0 40.4 34.5 26.6 32.5            
Net Margin %             22.8 27.1 23.1 16.0 23.9            
Employees             60,000 34,000 34,000 38,000 36,000 ... ... ... ... ... ...
balance sheet                                  
Total Assets USD mil             5,311 4,130 5,231 5,852 5,966            
Non-Current Assets USD mil             2,804 2,923 3,704 4,163 4,434            
Current Assets USD mil             2,507 1,207 1,527 1,689 1,532            
                                     
Shareholders' Equity USD mil             -6,334 -7,926 -8,016 -7,891 -8,373            
Liabilities USD mil             11,645 12,056 13,247 13,743 14,339            
Non-Current Liabilities USD mil             10,133 10,755 11,706 12,068 12,924 ... ... ... ... ... ...
Current Liabilities USD mil             1,512 1,301 1,541 1,675 1,415 ... ... ... ... ... ...
                                     
Net Debt/EBITDA             2.75 4.02 5.11 6.32 4.87            
Net Debt/Equity %             -131 -123 -133 -138 -139            
Cost of Financing % ...           4.70 4.55 4.55 4.74 4.58            
cash flow                                  
Total Cash From Operations USD mil             1,030 1,176 1,315 1,305 1,706            
Total Cash From Investing USD mil             1,472 313 -88.0 -335 -173            
Total Cash From Financing USD mil             -1,795 -2,620 -938 -738 -1,767            
Net Change In Cash USD mil             768 -1,194 294 256 -253            
valuation                                  
Market Capitalisation USD mil ... ... ... ... ... ... 27,095 28,128 30,219 32,568 40,131            
Enterprise Value (EV) USD mil ... ... ... ... ... ... 35,377 37,908 40,883 43,483 51,772            
Number Of Shares mil ... ... ... ... ... ... 355 329 313 307 302            
Share Price USD ... ... ... ... ... ... 75.8 86.8 96.7 106 138            
Price/Earnings (P/E) ... ... ... ... ... ... 20.1 18.5 23.4 36.1 26.5            
Price/Cash Earnings (P/CE) ... ... ... ... ... ... 16.9 17.0 21.5 31.1 24.0            
EV/EBITDA ... ... ... ... ... ... 11.7 15.6 19.6 25.2 21.7            
Price/Book Value (P/BV) ... ... ... ... ... ... -4.25 -3.60 -3.78 -4.13 -4.99            
Dividend Yield % ... ... ... ... ... ... 1.58 1.66 1.74 1.77 1.45            
income statement Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                                  
Sales USD mil             5,878 5,688 5,597 5,652 6,584            
Cost of Goods & Services USD mil             2,954 1,634 1,235 1,506 1,725            
Gross Profit USD mil             2,924 4,054 4,362 4,146 4,859            
Selling, General & Admin USD mil             1,244 1,026 1,000 1,132 1,144 ... ... ... ... ... ...
Research & Development USD mil           ... ... ... ... ... ... ... ... ... ... ... ...
Other Operating Expense USD mil             -1,081 732 1,432 1,511 1,576 ... ... ... ... ... ...
Other Operating Cost (Income) USD mil             0 0 0 0 0 ... ... ... ... ... ...
EBITDA USD mil             3,014 2,433 2,088 1,726 2,389            
Depreciation USD mil             253 137 112 146 164            
EBIT USD mil             2,761 2,296 1,930 1,503 2,139            
Net Financing Cost USD mil             445 452 486 543 544            
Financing Cost USD mil             445 452 486 543 544            
Financing Income USD mil             0 0 0 0 0 ... ... ... ... ... ...
FX (Gain) Loss USD mil             5.00 1.00 -1.00 18.0 14.0 ... ... ... ... ... ...
Extraordinary Cost USD mil             0 0 0 0 0 ... ... ... ... ... ...
Pre-Tax Profit USD mil             2,274 1,839 1,373 1,020 1,674            
Tax USD mil             934 297 79.0 116 99.0            
Minorities USD mil         ...   0 0 0 0 0            
Net Profit USD mil             1,340 1,542 1,294 904 1,575            
Net Profit Avail. to Common USD mil             1,340 1,542 1,294 904 1,575            
Dividends USD mil             312 464 514 568 594            
growth rates                                  
Total Revenue Growth % ...           -7.52 -3.23 -1.60 0.983 16.5            
Operating Cost Growth % ...           -86.2 979 38.3 8.68 2.91 ... ... ... ... ... ...
EBITDA Growth % ...           51.3 -19.3 -14.2 -17.3 38.4            
EBIT Growth % ...           64.1 -16.8 -15.9 -22.1 42.3            
Pre-Tax Profit Growth % ...           69.1 -19.1 -25.3 -25.7 64.1            
Net Profit Growth % ...           -18.4 15.1 -16.1 -30.1 74.2            
ratios                                  
ROE % ...           -22.4 -21.6 -16.2 -11.4 -19.4            
ROA % ...           24.8 32.7 27.6 16.3 26.7            
ROCE % ...           36.8 48.4 ... ... ... ... ... ... ... ... ...
Gross Margin %             49.7 71.3 77.9 73.4 73.8            
EBITDA Margin %             51.3 42.8 37.3 30.5 36.3            
EBIT Margin %             47.0 40.4 34.5 26.6 32.5            
Net Margin %             22.8 27.1 23.1 16.0 23.9            
Payout Ratio %             23.3 30.1 39.7 62.8 37.7            
Cost of Financing % ...           4.70 4.55 4.55 4.74 4.58            
Net Debt/EBITDA             2.75 4.02 5.11 6.32 4.87            
balance sheet Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
balance sheet                                  
Cash & Cash Equivalents USD mil             1,522 292 605 730 486            
Receivables USD mil             400 561 584 534 596            
Inventories USD mil             0 0 0 0 0            
Other ST Assets USD mil             585 354 338 425 450            
Current Assets USD mil             2,507 1,207 1,527 1,689 1,532            
Property, Plant & Equipment USD mil             1,594 1,237 1,812 2,086 2,016            
LT Investments & Receivables USD mil             0 0 0 0 0            
Intangible Assets USD mil             726 767 774 940 1,016            
Goodwill USD mil             512 525 530 597 657            
Non-Current Assets USD mil             2,804 2,923 3,704 4,163 4,434            
Total Assets USD mil             5,311 4,130 5,231 5,852 5,966            
                                     
Trade Payables USD mil             119 202 ... ... ... ... ... ... ... ... ...
Short-Term Debt USD mil             375 321 498 550 156            
Other ST Liabilities USD mil             201 0 0 0 0            
Current Liabilities USD mil             1,512 1,301 1,541 1,675 1,415 ... ... ... ... ... ...
Long-Term Debt USD mil             9,429 9,751 10,771 11,095 11,971            
Other LT Liabilities USD mil             704 1,004 935 973 953            
Non-Current Liabilities USD mil             10,133 10,755 11,706 12,068 12,924 ... ... ... ... ... ...
Liabilities USD mil             11,645 12,056 13,247 13,743 14,339            
Preferred Equity and Hybrid Capital USD mil             0 0 0 0 0            
Share Capital USD mil     ...       0 0 0 0 0            
Treasury Stock USD mil             0 0 0 0 0            
Equity Before Minority Interest USD mil             -6,334 -7,926 -8,016 -7,891 -8,373            
Minority Interest USD mil             0 0 0 0 0            
Equity USD mil             -6,334 -7,926 -8,016 -7,891 -8,373            
growth rates                                  
Total Asset Growth % ...           -3.05 -22.2 26.7 11.9 1.95            
Shareholders' Equity Growth % ...           12.0 25.1 1.14 -1.56 6.11            
Net Debt Growth % ...           -1.67 18.1 9.04 2.35 6.65            
Total Debt Growth % ...           7.42 2.73 11.9 3.34 4.14            
ratios                                  
Total Debt USD mil             9,804 10,072 11,269 11,645 12,127            
Net Debt USD mil             8,282 9,780 10,664 10,915 11,641            
Working Capital USD mil             281 359 ... ... ... ... ... ... ... ... ...
Capital Employed USD mil             3,085 3,282 ... ... ... ... ... ... ... ... ...
Net Debt/Equity %             -131 -123 -133 -138 -139            
Current Ratio             1.66 0.928 0.991 1.01 1.08 ... ... ... ... ... ...
Quick Ratio             1.27 0.656 0.772 0.755 0.765 ... ... ... ... ... ...
cash flow Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
cash flow                                  
Net Profit USD mil             1,340 1,542 1,294 904 1,575            
Depreciation USD mil             253 137 112 146 164            
Non-Cash Items USD mil             -306 -434 -14.0 167 -35.0            
Change in Working Capital USD mil             -257 -69.0 -77.0 88.0 2.00            
Total Cash From Operations USD mil             1,030 1,176 1,315 1,305 1,706            
                                     
Capital Expenditures USD mil             -318 -234 -196 -160 -230            
Net Change in LT Investment USD mil             0 0 0 0 0 ... ... ... ... ... ...
Net Cash From Acquisitions USD mil             1,773 759 110 -389 85.0 ... ... ... ... ... ...
Other Investing Activities USD mil             17.0 -212 -2.00 214 -28.0            
Total Cash From Investing USD mil             1,472 313 -88.0 -335 -173            
                                     
Dividends Paid USD mil             -416 -462 -511 -566 -592            
Issuance Of Shares USD mil             -1,960 -2,390 -815 -239 -1,591            
Issuance Of Debt USD mil             703 292 473 128 493            
Other Financing Activities USD mil             -122 -60.0 -85.0 -61.0 -77.0 ... ... ... ... ... ...
Total Cash From Financing USD mil             -1,795 -2,620 -938 -738 -1,767            
                                     
Effect of FX Rates USD mil             61.0 -63.0 5.00 24.0 -19.0 ... ... ... ... ... ...
Net Change In Cash USD mil             768 -1,194 294 256 -253            
ratios                                  
Days Sales Outstanding days             24.8 36.0 38.1 34.5 33.0            
Days Sales Of Inventory days             0 0 0 0 0            
Days Payable Outstanding days             14.7 45.1 ... ... ... ... ... ... ... ... ...
Cash Conversion Cycle days             10.1 -9.12 ... ... ... ... ... ... ... ... ...
Cash Earnings USD mil             1,593 1,679 1,406 1,050 1,739            
Free Cash Flow USD mil             2,502 1,489 1,227 970 1,533            
Capital Expenditures (As % of Sales) %             5.41 4.11 3.50 2.83 3.49            
other ratios Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                                   
Employees             60,000 34,000 34,000 38,000 36,000 ... ... ... ... ... ...
Operating Cost (As % of Sales) %             2.77 30.9 43.5 46.8 41.3 ... ... ... ... ... ...
Research & Development (As % of Sales) %           ... ... ... ... ... ... ... ... ... ... ... ...
Effective Tax Rate %             41.1 16.2 5.75 11.4 5.91            
Total Revenue Growth (5-year average) % ... ... ... ... ...   -15.5 -15.3 -3.20 -2.51 0.707            
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... -6.30            
valuation Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                                   
Market Capitalisation USD mil ... ... ... ... ... ... 27,095 28,128 30,219 32,568 40,131            
Enterprise Value (EV) USD mil ... ... ... ... ... ... 35,377 37,908 40,883 43,483 51,772            
Number Of Shares mil ... ... ... ... ... ... 355 329 313 307 302            
Share Price USD ... ... ... ... ... ... 75.8 86.8 96.7 106 138            
EV/EBITDA ... ... ... ... ... ... 11.7 15.6 19.6 25.2 21.7            
Price/Earnings (P/E) ... ... ... ... ... ... 20.1 18.5 23.4 36.1 26.5            
Price/Cash Earnings (P/CE) ... ... ... ... ... ... 16.9 17.0 21.5 31.1 24.0            
P/FCF ... ... ... ... ... ... 10.8 19.2 24.7 33.6 27.2            
Price/Book Value (P/BV) ... ... ... ... ... ... -4.25 -3.60 -3.78 -4.13 -4.99            
Dividend Yield % ... ... ... ... ... ... 1.58 1.66 1.74 1.77 1.45            
Free Cash Flow Yield % ... ... ... ... ... ... 9.23 5.29 4.06 2.98 3.82            
Earnings Per Share (EPS) USD ... ... ... ... ... ... 3.77 4.69 4.14 2.94 5.21            
Cash Earnings Per Share USD ... ... ... ... ... ... 4.49 5.10 4.49 3.42 5.76            
Free Cash Flow Per Share USD ... ... ... ... ... ... 7.05 4.53 3.92 3.16 5.08            
Book Value Per Share USD ... ... ... ... ... ... -17.8 -24.1 -25.6 -25.7 -27.7            
Dividend Per Share USD ... ... ... ... ... ... 1.20 1.44 1.68 1.88 2.00            
EV/Sales ... ... ... ... ... ... 6.02 6.66 7.30 7.69 7.86            
EV/EBIT ... ... ... ... ... ... 12.8 16.5 21.2 28.9 24.2            
EV/Free Cash Flow ... ... ... ... ... ... 14.1 25.5 33.3 44.8 33.8            
EV/Capital Employed ... ... ... ... ... ... 11.5 11.6 ... ... ... ... ... ... ... ... ...
Earnings Per Share Growth % ... ... ... ... ... ... ... 24.4 -11.7 -29.0 77.2            
Cash Earnings Per Share Growth % ... ... ... ... ... ... ... 13.7 -12.0 -23.9 68.4            
Book Value Per Share Growth % ... ... ... ... ... ... ... 35.0 6.31 0.365 7.86            

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Yum! Brands's price/earnings (P/E) fell 26.6% yoy to 26.5 in 2021

By Helgi Library - May 11, 2022

Yum! Brands stock traded at USD 138 per share at the end 2021 translating into a market capitalization of USD 40,131 mil. Since the end of 2016, stock has appreciated by 0% representing an annual average growth of %. In absolute terms, the value of the ...

Yum! Brands's ROCE rose 31.7% yoy to 48.4% in 2018

By Helgi Library - May 11, 2022

Yum! Brands made a net profit of USD 1,575 mil in 2021, up 74.2% compared to the previous year. Historically, between 2011 and 2021, the company's net profit reached a high of USD 1,643 mil in 2016 and a low of USD 904 mil in 2020. The result implies a re...

Yum! Brands's ROCE rose 31.7% yoy to 48.4% in 2018

By Helgi Library - May 11, 2022

Yum! Brands made a net profit of USD 1,575 mil in 2021, up 74.2% compared to the previous year. Historically, between 2011 and 2021, the company's net profit reached a high of USD 1,643 mil in 2016 and a low of USD 904 mil in 2020. The result implies a re...

Yum! Brands's Capital Expenditures fell 43.8% yoy to USD 230 mil in 2021

By Helgi Library - May 11, 2022

Yum! Brands invested a total of USD 230 mil in 2021, up 43.8% compared to the previous year. Historically, between 2011 - 2021, the company's investments stood at a high of USD 1,099 mil in 2012 and a low of USD 160 mil in 2020. As a ...

Yum! Brands's Share Price rose 30.1% yoy to USD 138 in 2021

By Helgi Library - May 11, 2022

Yum! Brands stock traded at USD 138 per share at the end 2021 implying a market capitalization of USD 40,131 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose ...

Yum! Brands's Net Margin rose 49.6% yoy to 23.9% in 2021

By Helgi Library - May 11, 2022

Yum! Brands made a net profit of USD 1,575 mil with revenues of USD 6,584 mil in 2021, up by 74.2% and up by 16.5%, respectively, compared to the previous year. This translates into a net margin of 23.9%. Historically, between 2011 and 2021, the fir...

Yum! Brands's Share Price rose 30.1% yoy to USD 138 in 2021

By Helgi Library - May 11, 2022

Yum! Brands stock traded at USD 138 per share at the end 2021 implying a market capitalization of USD 40,131 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose ...

Yum! Brands's P/FCF fell 19.0% yoy to 27.2 in 2021

By Helgi Library - May 11, 2022

Yum! Brands stock traded at USD 138 per share at the end 2021 translating into a market capitalization of USD 40,131 mil. Since the end of 2016, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2021, the firm trad...

Yum! Brands's Net Debt/EBITDA fell 22.9% yoy to 4.87 in 2021

By Helgi Library - May 11, 2022

Yum! Brands's net debt stood at USD 11,641 mil and accounted for -139% of equity at the end of 2021. The ratio is down 0.708 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 371% in 2015 and a low of...

Yum! Brands's P/FCF fell 19.0% yoy to 27.2 in 2021

By Helgi Library - May 11, 2022

Yum! Brands stock traded at USD 138 per share at the end 2021 translating into a market capitalization of USD 40,131 mil. Since the end of 2016, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2021, the firm trad...

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Finance

Yum! Brands has been growing its sales by 6.84% a year on average in the last 5 years. EBITDA has grown on average by 7.2% a year during that time to total of USD 3,409 mil in 2027, or 35.5% of sales. That’s compared to 36.4% average margin seen in last five years.

The company netted USD 1,789 mil in 2027 implying ROE of -54.6% and ROCE of . Again, the average figures were -36.7% and %, respectively when looking at the previous 5 years.

Yum! Brands’s net debt amounted to USD 15,609 mil at the end of 2027, or -548% of equity. When compared to EBITDA, net debt was 4.58x, up when compared to average of 4.17x seen in the last 5 years.

Valuation

Yum! Brands stock traded at USD 111 per share at the end of 2027 resulting in a market capitalization of USD 33,522 mil. Over the previous five years, stock price grew by 0% or 0% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 14.4x and price to earnings (PE) of 18.7x as of 2027.