회사 개요
Yum! Brands, Inc. is a leading franchisor that develops, operates, and franchises traditional and non-traditional quick service restaurants across the United States, China, and international markets. The company operates within the Consumer Cyclical sector, specifically the Restaurants industry, which classifies its business performance as sensitive to consumer discretionary spending and economic cycles. With a total market capitalization of $44.35B and an annual revenue of $8.21B, the firm demonstrates significant scale supported by a workforce of 49,000 employees. These valuation and revenue figures indicate that the company maintains a substantial position in the global foodservice landscape, reflecting a large asset base and extensive operational footprint. The substantial market cap relative to its revenue suggests high market confidence in the brand's ability to generate consistent cash flows from its diverse portfolio of brands.
재무 건전성
The company reported a trailing twelve-month revenue of $8.21B, generating net income of $1.56B and EBITDA of $2.91B, which highlights a cost structure where operating expenses consume a significant portion of top-line sales to arrive at bottom-line earnings. The free cash flow stands at $1.31B, providing the organization with substantial financial flexibility to fund capital expenditures, manage working capital, or pursue strategic acquisitions without relying heavily on external financing. Profitability is evidenced by a gross margin of 46.2%, an operating margin of 31.9%, and a profit margin of 19.0%, indicating efficient cost control and strong pricing power relative to its peers. Despite holding $709.00M in cash, the company carries $13.19B in debt, resulting in a debt-to-equity ratio that is not explicitly quantified in the available data but suggests a leveraged balance sheet typical for capital-intensive franchise models. The current ratio of 1.35 indicates that the company possesses sufficient current assets to cover its short-term liabilities, ensuring adequate liquidity for day-to-day operations. Furthermore, the return on assets metric is recorded at 22.6%, while return on equity is not disclosed in the provided financial data, offering a partial view of management's effectiveness in utilizing the firm's total assets to generate returns.
밸류에이션 평가
Valuation multiples reveal a trailing P/E ratio of 28.91 and a forward P/E of 21.51, implying that the market expects earnings growth in the future that would compress the valuation multiple over time. The price-to-book ratio is listed at -6.07, a figure that often appears in financial reporting for companies with intangible-heavy assets or specific accounting treatments, indicating a complex relationship between market price and book value that deviates from traditional manufacturing benchmarks. Alternative valuation metrics such as a price-to-sales ratio of 5.40 and an EV/EBITDA of 19.53 suggest that investors are willing to pay a premium for the brand equity and recurring revenue streams associated with the franchise system. The stock has traded between a 52-week low of $137.33 and a 52-week high of $169.39, with the current market price positioning the asset within its recent trading range rather than at the absolute extremes. The beta of 0.66 indicates that the stock price exhibits lower volatility relative to the broader market, offering a degree of stability that may appeal to risk-averse capital allocators seeking exposure to the consumer staples and cyclical blend.
Growth & Income
Revenue growth is recorded at 6.5% year-over-year, while earnings growth significantly outpaces this metric at 27.7%, suggesting that the company is effectively managing costs or benefiting from operational leverage that drives profitability faster than sales volume. As a dividend payer with a yield of 1.9% and a payout ratio of 51.2%, the company distributes a portion of its earnings to shareholders while retaining the majority for reinvestment, indicating a sustainable dividend policy supported by robust earnings generation. The high earnings growth rate relative to revenue growth further supports the sustainability of the current payout ratio, as rising profits allow for potential future dividend increases without straining the balance sheet. Overall, the growth and income profile presents a hybrid characteristic, combining steady revenue expansion with accelerating profitability and a consistent commitment to returning capital to investors through dividends.