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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 10, 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 10, 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...

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

By Helgi Library - May 10, 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 a...

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

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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               5,688 5,597 5,652 6,584 6,907          
Gross Profit USD mil               4,054 4,362 4,146 4,859 5,061          
EBIT USD mil               2,296 1,930 1,503 2,139 2,239          
Net Profit USD mil               1,542 1,294 904 1,575 1,436          
                                     
ROE % ...             -21.6 -16.2 -11.4 -19.4 -18.1          
EBIT Margin %               40.4 34.5 26.6 32.5 32.4          
Net Margin %               27.1 23.1 16.0 23.9 20.8          
Employees               34,000 34,000 38,000 36,000 ... ... ... ... ... ...
balance sheet                                  
Total Assets USD mil               4,130 5,231 5,852 5,966 5,334          
Non-Current Assets USD mil               2,923 3,704 4,163 4,434 3,749          
Current Assets USD mil               1,207 1,527 1,689 1,532 1,584          
                                     
Shareholders' Equity USD mil               -7,926 -8,016 -7,891 -8,373 -7,531          
Liabilities USD mil               12,056 13,247 13,743 14,339 12,865          
Non-Current Liabilities USD mil               10,755 11,706 12,068 12,924 ... ... ... ... ... ...
Current Liabilities USD mil               1,301 1,541 1,675 1,415 ... ... ... ... ... ...
                                     
Net Debt/EBITDA               4.02 5.11 6.32 4.87 4.84          
Net Debt/Equity %               -123 -133 -138 -139 -155          
Cost of Financing % ...             4.55 4.55 4.74 4.58 4.07          
cash flow                                  
Total Cash From Operations USD mil               1,176 1,315 1,305 1,706 834          
Total Cash From Investing USD mil               313 -88.0 -335 -173 -250          
Total Cash From Financing USD mil               -2,620 -938 -738 -1,767 -584          
Net Change In Cash USD mil               -1,194 294 256 -253 0          
valuation                                  
Market Capitalisation USD mil ... ... ... ... ... ...   28,128 30,219 32,568 40,131 33,522          
Enterprise Value (EV) USD mil ... ... ... ... ... ...   37,908 40,883 43,483 51,772 45,173          
Number Of Shares mil ... ... ... ... ... ...   329 313 307 302 302          
Share Price USD ... ... ... ... ... ...   86.8 96.7 106 138 111          
Price/Earnings (P/E) ... ... ... ... ... ...   18.5 23.4 36.1 26.5 23.3          
Price/Cash Earnings (P/CE) ... ... ... ... ... ...   17.0 21.5 31.1 24.0 20.8          
EV/EBITDA ... ... ... ... ... ...   15.6 19.6 25.2 21.7 18.8          
Price/Book Value (P/BV) ... ... ... ... ... ...   -3.60 -3.78 -4.13 -4.99 -4.45          
Dividend Yield % ... ... ... ... ... ...   1.66 1.74 1.77 1.45 1.94          
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               5,688 5,597 5,652 6,584 6,907          
Cost of Goods & Services USD mil               1,634 1,235 1,506 1,725 1,846          
Gross Profit USD mil               4,054 4,362 4,146 4,859 5,061          
Selling, General & Admin USD mil               1,026 1,000 1,132 1,144 ... ... ... ... ... ...
Research & Development USD mil           ... ... ... ... ... ... ... ... ... ... ... ...
Other Operating Expense USD mil               732 1,432 1,511 1,576 ... ... ... ... ... ...
Other Operating Cost (Income) USD mil               0 0 0 0 ... ... ... ... ... ...
EBITDA USD mil               2,433 2,088 1,726 2,389 2,407          
Depreciation USD mil               137 112 146 164 174          
EBIT USD mil               2,296 1,930 1,503 2,139 2,239          
Net Financing Cost USD mil               452 486 543 544 493          
Financing Cost USD mil               452 486 543 544 493          
Financing Income USD mil               0 0 0 0 ... ... ... ... ... ...
FX (Gain) Loss USD mil               1.00 -1.00 18.0 14.0 ... ... ... ... ... ...
Extraordinary Cost USD mil               0 0 0 0 ... ... ... ... ... ...
Pre-Tax Profit USD mil               1,839 1,373 1,020 1,674 1,746          
Tax USD mil               297 79.0 116 99.0 310          
Minorities USD mil         ...     0 0 0 0 0          
Net Profit USD mil               1,542 1,294 904 1,575 1,436          
Net Profit Avail. to Common USD mil               1,542 1,294 904 1,575 1,436          
Dividends USD mil               464 514 568 594 641          
growth rates                                  
Total Revenue Growth % ...             -3.23 -1.60 0.983 16.5 4.90          
Operating Cost Growth % ...             979 38.3 8.68 2.91 ... ... ... ... ... ...
EBITDA Growth % ...             -19.3 -14.2 -17.3 38.4 0.770          
EBIT Growth % ...             -16.8 -15.9 -22.1 42.3 4.69          
Pre-Tax Profit Growth % ...             -19.1 -25.3 -25.7 64.1 4.31          
Net Profit Growth % ...             15.1 -16.1 -30.1 74.2 -8.81          
ratios                                  
ROE % ...             -21.6 -16.2 -11.4 -19.4 -18.1          
ROA % ...             32.7 27.6 16.3 26.7 25.4          
ROCE % ...             48.4 ... ... ... ... ... ... ... ... ...
Gross Margin %               71.3 77.9 73.4 73.8 73.3          
EBITDA Margin %               42.8 37.3 30.5 36.3 34.9          
EBIT Margin %               40.4 34.5 26.6 32.5 32.4          
Net Margin %               27.1 23.1 16.0 23.9 20.8          
Payout Ratio %               30.1 39.7 62.8 37.7 44.6          
Cost of Financing % ...             4.55 4.55 4.74 4.58 4.07          
Net Debt/EBITDA               4.02 5.11 6.32 4.87 4.84          
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               292 605 730 486 486          
Receivables USD mil               561 584 534 596 626          
Inventories USD mil               0 0 0 0 0          
Other ST Assets USD mil               354 338 425 450 473          
Current Assets USD mil               1,207 1,527 1,689 1,532 1,584          
Property, Plant & Equipment USD mil               1,237 1,812 2,086 2,016 2,076          
LT Investments & Receivables USD mil               0 0 0 0 0          
Intangible Assets USD mil               767 774 940 1,016 1,016          
Goodwill USD mil               525 530 597 657 657          
Non-Current Assets USD mil               2,923 3,704 4,163 4,434 3,749          
Total Assets USD mil               4,130 5,231 5,852 5,966 5,334          
                                     
Trade Payables USD mil               202 ... ... ... ... ... ... ... ... ...
Short-Term Debt USD mil               321 498 550 156 166          
Other ST Liabilities USD mil               0 0 0 0 0          
Current Liabilities USD mil               1,301 1,541 1,675 1,415 ... ... ... ... ... ...
Long-Term Debt USD mil               9,751 10,771 11,095 11,971 11,971          
Other LT Liabilities USD mil               1,004 935 973 953 953          
Non-Current Liabilities USD mil               10,755 11,706 12,068 12,924 ... ... ... ... ... ...
Liabilities USD mil               12,056 13,247 13,743 14,339 12,865          
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               -7,926 -8,016 -7,891 -8,373 -7,531          
Minority Interest USD mil               0 0 0 0 0          
Equity USD mil               -7,926 -8,016 -7,891 -8,373 -7,531          
growth rates                                  
Total Asset Growth % ...             -22.2 26.7 11.9 1.95 -10.6          
Shareholders' Equity Growth % ...             25.1 1.14 -1.56 6.11 -10.1          
Net Debt Growth % ...             18.1 9.04 2.35 6.65 0.086          
Total Debt Growth % ...             2.73 11.9 3.34 4.14 0.082          
ratios                                  
Total Debt USD mil               10,072 11,269 11,645 12,127 12,137          
Net Debt USD mil               9,780 10,664 10,915 11,641 11,651          
Working Capital USD mil               359 ... ... ... ... ... ... ... ... ...
Capital Employed USD mil               3,282 ... ... ... ... ... ... ... ... ...
Net Debt/Equity %               -123 -133 -138 -139 -155          
Current Ratio               0.928 0.991 1.01 1.08 ... ... ... ... ... ...
Quick Ratio               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               1,542 1,294 904 1,575 1,436          
Depreciation USD mil               137 112 146 164 174          
Non-Cash Items USD mil               -434 -14.0 167 -35.0 -751          
Change in Working Capital USD mil               -69.0 -77.0 88.0 2.00 -25.0          
Total Cash From Operations USD mil               1,176 1,315 1,305 1,706 834          
                                     
Capital Expenditures USD mil               -234 -196 -160 -230 -250          
Net Change in LT Investment USD mil               0 0 0 0 ... ... ... ... ... ...
Net Cash From Acquisitions USD mil               759 110 -389 85.0 ... ... ... ... ... ...
Other Investing Activities USD mil               -212 -2.00 214 -28.0 0          
Total Cash From Investing USD mil               313 -88.0 -335 -173 -250          
                                     
Dividends Paid USD mil               -462 -511 -566 -592 -594          
Issuance Of Shares USD mil               -2,390 -815 -239 -1,591 0          
Issuance Of Debt USD mil               292 473 128 493 10.0          
Other Financing Activities USD mil               -60.0 -85.0 -61.0 -77.0 ... ... ... ... ... ...
Total Cash From Financing USD mil               -2,620 -938 -738 -1,767 -584          
                                     
Effect of FX Rates USD mil               -63.0 5.00 24.0 -19.0 ... ... ... ... ... ...
Net Change In Cash USD mil               -1,194 294 256 -253 0          
ratios                                  
Days Sales Outstanding days               36.0 38.1 34.5 33.0 33.1          
Days Sales Of Inventory days               0 0 0 0 0          
Days Payable Outstanding days               45.1 ... ... ... ... ... ... ... ... ...
Cash Conversion Cycle days               -9.12 ... ... ... ... ... ... ... ... ...
Cash Earnings USD mil               1,679 1,406 1,050 1,739 1,610          
Free Cash Flow USD mil               1,489 1,227 970 1,533 584          
Capital Expenditures (As % of Sales) %               4.11 3.50 2.83 3.49 3.62          
other ratios Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                                   
Employees               34,000 34,000 38,000 36,000 ... ... ... ... ... ...
Operating Cost (As % of Sales) %               30.9 43.5 46.8 41.3 ... ... ... ... ... ...
Research & Development (As % of Sales) %           ... ... ... ... ... ... ... ... ... ... ... ...
Effective Tax Rate %               16.2 5.75 11.4 5.91 17.8          
Total Revenue Growth (5-year average) % ... ... ... ... ...     -15.3 -3.20 -2.51 0.707 3.28          
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... -6.30 -6.57          
valuation Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                                   
Market Capitalisation USD mil ... ... ... ... ... ...   28,128 30,219 32,568 40,131 33,522          
Enterprise Value (EV) USD mil ... ... ... ... ... ...   37,908 40,883 43,483 51,772 45,173          
Number Of Shares mil ... ... ... ... ... ...   329 313 307 302 302          
Share Price USD ... ... ... ... ... ...   86.8 96.7 106 138 111          
EV/EBITDA ... ... ... ... ... ...   15.6 19.6 25.2 21.7 18.8          
Price/Earnings (P/E) ... ... ... ... ... ...   18.5 23.4 36.1 26.5 23.3          
Price/Cash Earnings (P/CE) ... ... ... ... ... ...   17.0 21.5 31.1 24.0 20.8          
P/FCF ... ... ... ... ... ...   19.2 24.7 33.6 27.2 57.4          
Price/Book Value (P/BV) ... ... ... ... ... ...   -3.60 -3.78 -4.13 -4.99 -4.45          
Dividend Yield % ... ... ... ... ... ...   1.66 1.74 1.77 1.45 1.94          
Free Cash Flow Yield % ... ... ... ... ... ...   5.29 4.06 2.98 3.82 1.74          
Earnings Per Share (EPS) USD ... ... ... ... ... ...   4.69 4.14 2.94 5.21 4.76          
Cash Earnings Per Share USD ... ... ... ... ... ...   5.10 4.49 3.42 5.76 5.33          
Free Cash Flow Per Share USD ... ... ... ... ... ...   4.53 3.92 3.16 5.08 1.93          
Book Value Per Share USD ... ... ... ... ... ...   -24.1 -25.6 -25.7 -27.7 -24.9          
Dividend Per Share USD ... ... ... ... ... ...   1.44 1.68 1.88 2.00 2.16          
EV/Sales ... ... ... ... ... ...   6.66 7.30 7.69 7.86 6.54          
EV/EBIT ... ... ... ... ... ...   16.5 21.2 28.9 24.2 20.2          
EV/Free Cash Flow ... ... ... ... ... ...   25.5 33.3 44.8 33.8 77.4          
EV/Capital Employed ... ... ... ... ... ...   11.6 ... ... ... ... ... ... ... ... ...
Earnings Per Share Growth % ... ... ... ... ... ... ... 24.4 -11.7 -29.0 77.2 -8.72          
Cash Earnings Per Share Growth % ... ... ... ... ... ... ... 13.7 -12.0 -23.9 68.4 -7.41          
Book Value Per Share Growth % ... ... ... ... ... ... ... 35.0 6.31 0.365 7.86 -10.1          

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

By Helgi Library - May 10, 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 Net Margin rose 49.6% yoy to 23.9% in 2021

By Helgi Library - May 10, 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 10, 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 10, 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 10, 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...

More News

Finance

Yum! Brands has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of in 2027, or of sales. That’s compared to % average margin seen in last five years.

The company netted in 2027 implying ROE of and ROCE of . Again, the average figures were % and %, respectively when looking at the previous 5 years.

Yum! Brands’s net debt amounted to at the end of 2027, or of equity. When compared to EBITDA, net debt was x, up when compared to average of x seen in the last 5 years.

Valuation

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