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Yum China Holdings Inc Stock Research

YUMC

60.98USD+0.54(+0.89%)Market Closed

Market Summary

USD60.98+0.54
Market Closed
0.89%

YUMC Alerts

YUMC Stock Price

YUMC RSI Chart

YUMC Valuation

Market Cap

25.6B

Price/Earnings (Trailing)

57.81

Price/Sales (Trailing)

2.67

EV/EBITDA

18.05

Price/Free Cashflow

34.81

YUMC Price/Sales (Trailing)

YUMC Profitability

EBT Margin

7.18%

Return on Equity

6.18%

Return on Assets

3.74%

Free Cashflow Yield

2.87%

YUMC Fundamentals

YUMC Revenue

Revenue (TTM)

9.6B

Revenue Y/Y

-8.86%

Revenue Q/Q

-22.23%

YUMC Earnings

Earnings (TTM)

442.0M

Earnings Y/Y

-88.84%

Earnings Q/Q

-74.27%

Price Action

52 Week Range

36.0563.06
(Low)(High)

Last 7 days

1.2%

Last 30 days

-1.2%

Last 90 days

8.4%

Trailing 12 Months

52.7%

YUMC Financial Health

Current Ratio

1.82

YUMC Investor Care

Dividend Yield

1.06%

Dividend/Share (TTM)

0.48

Buy Backs (1Y)

2.10%

Diluted EPS (TTM)

1.04

Peers (Alternatives to Yum China Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
198.8B
23.2B
0.05% 16.44%
32.19
8.58
-0.17% -18.13%
115.3B
32.9B
-8.46% 21.74%
34.73
3.5
8.41% -24.41%
45.1B
8.6B
-1.45% 6.51%
50.2
5.23
14.41% 37.69%
36.1B
6.8B
-4.07% 12.49%
27.22
5.27
3.92% -15.87%
18.4B
10.0B
-0.05% 22.19%
20.2
1.84
16.23% -1.35%
MID-CAP
8.7B
17.0B
-13.89% -5.83%
38.66
0.51
27.66% 584.49%
7.2B
4.0B
2.32% 33.62%
26.81
1.8
15.91% 10.00%
5.4B
357.5M
7.11% 60.53%
102.55
15.19
26.56% 24.12%
4.5B
2.1B
-8.69% -3.72%
25.11
2.13
10.46% -11.49%
2.2B
900.5M
-2.39% -11.52%
-91.65
2.45
21.70% -178.35%
SMALL-CAP
1.7B
1.7B
-22.36% -14.62%
13.72
0.97
61.79% 371.82%
706.1M
1.3B
-8.26% 9.24%
173.24
0.55
18.11% 213.03%
643.4M
422.2M
5.25% 31.31%
30.85
1.52
6.49% -30.89%
633.1M
456.4M
-11.70% -23.65%
8.47
1.39
14.63% -4.30%
564.4M
505.9M
0.65% -21.38%
14.61
1.12
17.88% -8.64%

Financials for Yum China Holdings

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-2.1%9,5699,7729,6419,9649,853
  S&GA Expenses-1.8%594605590585564
  R&D Expenses-6.00----
EBITDA-29.1%1,3531,9091,7071,771-
EBITDA Margin-27.6%0.14*0.20*0.18*0.18*-
Earnings Before Taxes-44.7%6871,2421,0711,2131,392
EBT Margin-43.5%0.07*0.13*0.11*0.12*-
Interest Expenses16.4%64.0055.0057.0060.00-
Net Income-48.8%442864762860990
Net Income Margin-47.8%0.05*0.09*0.08*0.09*-
Free Cahsflow9.6%734670234242-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.1%11,82611,69612,05412,63913,223
  Current Assets-16.3%3,9404,7104,5764,2664,716
    Cash Equivalents-6.7%1,1301,2111,1471,0471,136
  Inventory29.9%417321353345432
  Net PPE7.8%2,1181,9652,0652,2312,251
  Goodwill3.2%1,9881,9272,0472,1632,142
Liabilities3.0%4,6664,5284,7524,9315,301
  Current Liabilities2.9%2,1662,1042,1532,0852,383
Shareholder's Equity11.4%7,1486,4187,2897,6947,056
  Retained Earnings-1.7%2,1912,2282,0832,9412,892
  Additional Paid-In Capital-0.4%4,3904,4084,4024,7044,695
Shares Outstanding0%419419420423428
Minority Interest-9.6%666737760801852
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations1.9%1,4131,3869679711,131
  Share Based Compensation5.0%42.0040.0037.0042.0041.00
Cashflow From Investing26.0%-522-705-296-495-855
Cashflow From Financing-24.9%-844-676-707-532-313
  Dividend Payments-0.5%202203203204203
  Buy Backs2.6%46645459153475.00

Risks for YUMC

What is the probability of a big loss on YUMC?

51.9%


Probability that Yum China Holdings stock will be more than 20% underwater in next one year

25%


Probability that Yum China Holdings stock will be more than 30% underwater in next one year.

7.3%


Probability that Yum China Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does YUMC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Yum China Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for YUMC

Cumulative Returns on YUMC

8.6%


5-Year Cumulative Returns

13.6%


3-Year Cumulative Returns

What are the long-term rolling returns for YUMC?

FIve years rolling returns for Yum China Holdings.

Annualized Returns

Which funds bought or sold YUMC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-13
Claro Advisors LLC
added
0.17
46,337
408,337
0.13%
2023-03-06
Rockefeller Capital Management L.P.
added
45.89
258,000
634,000
-%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
reduced
-5.29
29,382
342,382
0.02%
2023-03-03
TIAA, FSB
reduced
-11.75
6,122
311,122
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
95,966
95,966
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
added
32.93
1,974
5,974
-%
2023-02-28
CYPRESS ASSET MANAGEMENT INC/TX
reduced
-2.38
38,097
336,097
0.12%
2023-02-28
Voya Investment Management LLC
added
19.65
1,202,500
4,295,500
0.01%
2023-02-24
National Pension Service
reduced
-2.54
423,129
4,165,480
0.01%
2023-02-24
NATIXIS
reduced
-95.51
-4,066,090
219,912
-%

1–10 of 47

Latest Funds Activity

Are funds buying YUMC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own YUMC
No. of Funds

Yum China Holdings News

MarketBeat

McElhenny Sheffield Capital Management LLC Takes $130000 ....

MarketBeat,
25 hours ago

GuruFocus.com

InvestorsObserver

Yahoo Eurosport UK

InvestorsObserver

Schedule 13G FIlings of Yum China Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 01, 2023
blackrock inc.
6.9%
28,737,537
SC 13G/A
Feb 11, 2022
goldman sachs group inc
1.6%
6,738,815
SC 13G/A
Feb 10, 2022
invesco ltd.
9.5%
40,727,617
SC 13G/A
Feb 03, 2022
blackrock inc.
7.6%
32,413,842
SC 13G/A
Mar 15, 2021
blackrock inc.
7.1%
29,685,927
SC 13G/A
Feb 12, 2021
goldman sachs & co. llc
5.7%
23,919,072
SC 13G
Feb 12, 2021
invesco ltd.
10.0%
41,897,729
SC 13G/A
Nov 04, 2020
primavera capital management ltd
4.71%
19,913,992
SC 13D/A
May 20, 2020
primavera capital management ltd
6.22%
23,876,745
SC 13D/A
Feb 12, 2020
invesco ltd.
9.9%
37,144,958
SC 13G/A

YUMC Fair Value

Yum China Holdings fair value in different scenarios

The table shows the Fair Value estimates for Yum China Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

18.93

-68.96%

25.77

-57.74%

33.87

-44.46%

41.91

-31.27%

48.39

-20.65%
Current Inflation

17.86

-70.71%

23.78

-61.00%

30.54

-49.92%

37.28

-38.87%

42.68

-30.01%
Very High Inflation

16.50

-72.94%

21.35

-64.99%

26.61

-56.36%

31.88

-47.72%

36.08

-40.83%

Historical Yum China Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Yum China Holdings

View All Filings
Date Filed Form Type Document
Mar 06, 2023
4
Insider Trading
Mar 06, 2023
3
Insider Trading
Mar 01, 2023
10-K
Annual Report
Feb 24, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading

Latest Insider Trading transactions for YUMC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-03
Huang Johnson
back to issuer
-347,572
62.00
-5,606
chief customer officer
2023-03-03
Huang Johnson
sold
-663,834
62.00
-10,707
chief customer officer
2023-03-03
Huang Johnson
acquired
347,467
21.3
16,313
chief customer officer
2023-02-22
Wat Joey
acquired
419,147
22.32
18,779
chief executive officer
2023-02-22
Wat Joey
back to issuer
-419,182
62.00
-6,761
chief executive officer
2023-02-22
Wat Joey
sold
-745,374
62.0215
-12,018
chief executive officer
2023-02-10
Huang Johnson
sold (taxes)
-36,885
61.17
-603
chief customer officer
2023-02-10
Kuai Jeff
acquired
-
-
754
general manager, pizza hut
2023-02-10
Wang Warton
sold (taxes)
-3,058
61.17
-50.00
general manager, kfc
2023-02-10
Yuen Aiken
acquired
-
-
754
chief people officer

1–10 of 50

Joey Wat
65535
Yum China Holdings, Inc. owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell, and East Dawning brands, which specialize in chicken, pizza, hot pot cooking, simmer pot, Italian coffee, specialty coffee, Mexican-style food, and Chinese food categories. The company also operates V-Gold Mall, a mobile e-commerce platform, which sells electronics, home and kitchen accessories, and other general merchandise, as well as fried rice, steak, pasta and other ready meals, and coffee capsules. In addition, it operates franchise restaurants under the KFC, Pizza Hut, Huang Ji Huang, Taco Bell, Little Sheep, East Dawning, Lavazza, and COFFii & JOY names. As of December 31, 2021, the company operated 11,788 restaurants in approximately 1,600 cities. Yum China Holdings, Inc. was incorporated in 2016 and is headquartered in Shanghai, China.

YUMC Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Total revenues$ 9,569$ 9,853$ 8,263
Costs and Expenses, Net   
General and administrative expenses594564479
Other operating costs and expenses786557
Closures and impairment expenses, net323455
Other expenses (income), net94(643)(285)
Total costs and expenses, net8,9408,4677,302
Operating Profit6291,386961
Interest income, net846043
Investment (loss) gain(26)(54)104
Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments6871,3921,108
Income tax provision(207)(369)(295)
Equity in net earnings (losses) from equity method investments(2)  
Net income – including noncontrolling interests4781,023813
Net income – noncontrolling interests363329
Net Income – Yum China Holdings, Inc.$ 442$ 990$ 784
Weighted-average common shares outstanding (in millions):   
Basic[1]421422390
Diluted425434402
Basic Earnings Per Common Share$ 1.05$ 2.34$ 2.01
Diluted Earnings Per Common Share$ 1.04$ 2.28$ 1.95
Company Sales [Member]   
Revenues   
Revenues$ 9,110$ 8,961$ 7,396
Franchise [Member]   
Revenues   
Revenues81153148
Costs and Expenses, Net   
Cost of goods and services sold346465
Transactions With Franchisees and Unconsolidated Affiliates [Member]   
Revenues   
Revenues287663647
Costs and Expenses, Net   
Cost of goods and services sold279649633
Other Revenues [Member]   
Revenues   
Revenues917672
Company Restaurant Expenses [Member]   
Costs and Expenses, Net   
Food and paper2,8362,8122,342
Payroll and employee benefits2,3892,2581,730
Occupancy and other operating expenses2,6042,6642,226
Cost of goods and services sold$ 7,829$ 7,734$ 6,298
[1]As a result of the separation, shares of Yum China common stock were distributed to YUM’s shareholders of record as of October 19, 2016 and were included in the calculated weighted-average common shares outstanding. Holders of outstanding YUM equity awards generally received both adjusted YUM awards and Yum China awards, or adjusted awards of either YUM or Yum China in their entirety. Any subsequent exercise of these awards, whether held by the Company’s employees or YUM’s employees, would increase the number of common shares outstanding. The incremental shares arising from outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. See Note 15 for a further discussion of share-based compensation. In September 2020, 41,910,700 common shares were issued as a result of the Company’s global offering and secondary listing on the HKEX and they were included in the calculated weighted-average common shares outstanding.

YUMC Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets  
Cash and cash equivalents$ 1,130$ 1,136
Short-term investments2,0222,860
Accounts receivable, net6467
Inventories, net417432
Prepaid expenses and other current assets307221
Total Current Assets3,9404,716
Property, plant and equipment, net2,1182,251
Operating lease right-of-use assets2,2192,612
Goodwill1,9882,142
Intangible assets, net159272
Long-term time deposits68090
Investments in unconsolidated affiliates266292
Deferred income tax assets113106
Other assets343742
Total Assets11,82613,223
Current Liabilities  
Accounts payable and other current liabilities2,0982,332
Income taxes payable6851
Total Current Liabilities2,1662,383
Non-current operating lease liabilities1,9062,286
Non-current finance lease liabilities4240
Deferred income tax liabilities390425
Other liabilities162167
Total Liabilities4,6665,301
Redeemable Noncontrolling Interest1214
Equity  
Common stock, $0.01 par value; 1,000 million shares authorized; 419 million shares and 449 million shares issued at December 31, 2022 and 2021, respectively; 419 million shares and 428 million shares outstanding at December 31, 2022 and 2021, respectively44
Treasury stock (803)
Additional paid-in capital4,3904,695
Retained earnings2,1912,892
Accumulated other comprehensive (loss) income(103)268
Total Yum China Holdings, Inc. Stockholders' Equity6,4827,056
Noncontrolling interests666852
Total Equity7,1487,908
Total Liabilities, Redeemable Noncontrolling Interest and Equity$ 11,826$ 13,223