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Yum China Holdings, Inc. owns, operates, and franchises restaurants in the People's Republic of China. The company operates through two KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also offers online food delivery services. Yum China Holdings, Inc. was founded in 1987 and is headquartered in Shanghai, the People's Republic of China.
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Yum China operates and franchises KFC, Pizza Hut and other restaurants across mainland China after its spin-out from Yum! Brands. Long-term growth drivers include expansion into lower-tier cities, digital ordering and delivery, a larger franchising mix and menu localization that may support store economics. Investors may find the company attractive for its scale, brand recognition and exposure to China's consumer market.
Main risks include a China economic slowdown, intense domestic competition, regulatory and food-safety exposures, and execution risk from rapid franchising and cost pressures that could weigh on margins.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 1373.00M | 1336.00M | 1226.00M | 687.00M | 1392.00M |
| Minority interest | -75.00M | -69.00M | -69.00M | -36.00M | -33.00M |
| Net income | 929.00M | 911.00M | 827.00M | 442.00M | 990.00M |
| Selling general administrative | 581.00M | 568.00M | 638.00M | 594.00M | 564.00M |
| Selling and marketing expenses | - | - | 6.00M | - | - |
| Gross profit | 2039.00M | 1890.00M | 8076.90M | 1427.00M | 1406.00M |
| Reconciled depreciation | 448.00M | 476.00M | 474.00M | 602.00M | 516.00M |
| Ebit | 1373.00M | 1200.00M | 1106.00M | 629.00M | 865.00M |
| Ebitda | 1821.00M | 1676.00M | 1106.00M | 1415.00M | 1381.00M |
| Depreciation and amortization | 448.00M | 476.00M | 453.00M | 786.00M | 516.00M |
| Non operating income net other | - | - | - | -28.00M | -54.00M |
| Operating income | 1458.00M | 1162.00M | 1106.00M | 629.00M | 865.00M |
| Other operating expenses | 10339.00M | 10141.00M | 9872.00M | 8814.00M | 9076.00M |
| Interest expense | - | - | 2.00M | 164.00M | 494.00M |
| Tax provision | 369.00M | 356.00M | 320.00M | 207.00M | 369.00M |
| Interest income | 92.00M | 129.00M | 157.00M | 84.00M | 60.00M |
| Net interest income | 92.00M | 129.00M | 157.00M | 84.00M | 60.00M |
| Income tax expense | 369.00M | 356.00M | -329.00M | 207.00M | 369.00M |
| Total revenue | 11797.00M | 11303.00M | 10978.00M | 9569.00M | 9853.00M |
| Total operating expenses | 581.00M | 728.00M | 6970.90M | 672.00M | 629.00M |
| Cost of revenue | 9758.00M | 9413.00M | 2901.10M | 8142.00M | 8447.00M |
| Total other income expense net | -85.00M | 174.00M | 120.00M | 58.00M | 527.00M |
| Net income from continuing ops | 1004.00M | 980.00M | 852.00M | 478.00M | 1023.00M |
| Net income applicable to common shares | - | - | - | 442.00M | 990.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 10783.00M | 11121.00M | 12031.00M | 11826.00M | 13223.00M |
| Intangible assets | 148.00M | 251.00M | 265.00M | 159.00M | 272.00M |
| Other current assets | 126.00M | 129.00M | 124.00M | 307.00M | 221.00M |
| Total liab | 4678.00M | 4694.00M | 4912.00M | 4666.00M | 5301.00M |
| Total stockholder equity | 5379.00M | 5728.00M | 6405.00M | 6482.00M | 7056.00M |
| Deferred long term liab | - | - | - | 390.00M | 7.00M |
| Other current liab | 780.00M | 666.00M | 756.00M | -562.00M | -639.00M |
| Common stock | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M |
| Capital stock | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M |
| Retained earnings | 1764.00M | 2089.00M | 2310.00M | 2191.00M | 2892.00M |
| Other liab | - | - | - | 552.00M | 592.00M |
| Good will | 1963.00M | 1880.00M | 1932.00M | 1988.00M | 2142.00M |
| Other assets | - | - | - | 238.00M | 938.00M |
| Cash | 506.00M | 723.00M | 1128.00M | 1130.00M | 1136.00M |
| Total current liabilities | 2246.00M | 2283.00M | 2422.00M | 2166.00M | 2383.00M |
| Current deferred revenue | 205.00M | 196.00M | 196.00M | 182.00M | 182.00M |
| Net debt | 1836.00M | 1686.00M | 1409.00M | 1266.00M | 1190.00M |
| Short term debt | 468.00M | 544.00M | 594.00M | 448.00M | 508.00M |
| Short long term debt | 30.00M | 127.00M | 168.00M | - | - |
| Short long term debt total | 2342.00M | 2409.00M | 2537.00M | 2396.00M | 2326.00M |
| Other stockholder equity | 3768.00M | 3976.00M | 4320.00M | 4390.00M | 3892.00M |
| Property plant equipment | - | - | - | 2118.00M | 4863.00M |
| Total current assets | 2357.00M | 2694.00M | 3431.00M | 3940.00M | 4716.00M |
| Long term investments | 1065.00M | 1456.00M | 1597.00M | 946.00M | 292.00M |
| Net tangible assets | - | - | - | 4347.00M | 4642.00M |
| Short term investments | 878.00M | 1121.00M | 1472.00M | 2022.00M | 2860.00M |
| Net receivables | 409.00M | 316.00M | 283.00M | 64.00M | 67.00M |
| Inventory | 438.00M | 405.00M | 424.00M | 417.00M | 432.00M |
| Accounts payable | 793.00M | 801.00M | 786.00M | 2098.00M | 2332.00M |
| Noncontrolling interest in consolidated entity | - | - | - | 666.00M | 852.00M |
| Accumulated other comprehensive income | -157.00M | -341.00M | -229.00M | -103.00M | 268.00M |
| Common stock total equity | - | - | - | 4.00M | 4.00M |
| Retained earnings total equity | - | - | - | 2191.00M | 2892.00M |
| Non currrent assets other | 362.00M | 122.00M | 122.00M | 343.00M | 832.00M |
| Non current assets total | 8426.00M | 8427.00M | 8600.00M | 7886.00M | 8507.00M |
| Capital lease obligations | 2312.00M | 2282.00M | 2369.00M | 1948.00M | 2326.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 633.00M | -178.00M | -981.00M | -522.00M | -56.00M |
| Change to liabilities | - | - | - | 41.00M | 118.00M |
| Total cashflows from investing activities | -5.00M | -178.00M | -743.00M | -522.00M | -855.00M |
| Net borrowings | -100.00M | -39.00M | 164.00M | - | - |
| Total cash from financing activities | -1689.00M | -1636.00M | -751.00M | -844.00M | -313.00M |
| Change to operating activities | - | - | - | -189.00M | -489.00M |
| Net income | 1004.00M | 980.00M | 827.00M | 478.00M | 1023.00M |
| Change in cash | -217.00M | -405.00M | -2.00M | -6.00M | -22.00M |
| Begin period cash flow | 723.00M | 1128.00M | 1130.00M | 1136.00M | 1158.00M |
| End period cash flow | 506.00M | 723.00M | 1128.00M | 1130.00M | 1136.00M |
| Total cash from operating activities | 1466.00M | 1419.00M | 1473.00M | 1413.00M | 1131.00M |
| Issuance of capital stock | - | - | - | 0.00M | 0.00M |
| Depreciation | 448.00M | 476.00M | 453.00M | 602.00M | 516.00M |
| Other cashflows from investing activities | 2.00M | 4.00M | 5.00M | 157.00M | 5.00M |
| Dividends paid | 353.00M | 248.00M | 216.00M | -202.00M | -203.00M |
| Change to inventory | -14.00M | 8.00M | -19.00M | -19.00M | -16.00M |
| Change to account receivables | -11.00M | -9.00M | -6.00M | -1.00M | -5.00M |
| Sale purchase of stock | -1144.00M | -1249.00M | -613.00M | -466.00M | -75.00M |
| Other cashflows from financing activities | -92.00M | -100.00M | -86.00M | -176.00M | -35.00M |
| Change to netincome | - | - | - | 8.00M | 43.00M |
| Capital expenditures | 626.00M | 705.00M | 710.00M | 679.00M | 689.00M |
| Change receivables | - | - | - | -1.00M | -5.00M |
| Cash flows other operating | - | - | - | 304.00M | 22.00M |
| Cash and cash equivalents changes | - | - | - | 47.00M | -37.00M |
| Change in working capital | -511.00M | -454.00M | -424.00M | -168.00M | -418.00M |
| Stock based compensation | 42.00M | 41.00M | 64.00M | 42.00M | 41.00M |
| Other non cash items | 497.00M | 383.00M | 1474.00M | 479.00M | -191.00M |
| Free cash flow | 840.00M | 714.00M | 763.00M | 734.00M | 442.00M |
Sector: Consumer Cyclical Industry: Restaurants
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| YUMC Yum China Holdings Inc |
0.18 0.36% |
49.95 | 15.27 | 12.56 | 1.14 | 2.64 | 1.21 | 8.02 |
| MCD McDonald’s Corporation |
-0.65 0.23% |
277.39 | 25.70 | 23.09 | 8.38 | - | 10.23 | 18.80 |
| SBUX Starbucks Corporation |
-0.76 0.72% |
105.40 | 21.34 | 20.79 | 2.62 | - | 3.20 | 15.23 |
| CMPGF Compass Group PLC |
- -% |
33.99 | 26.48 | 20.16 | 1.11 | 6.71 | 1.28 | 13.86 |
| CMPGY Compass Group PLC ADR |
-0.89 2.60% |
33.32 | 26.32 | 20.20 | 1.10 | 6.71 | 1.28 | 13.86 |
Yum China Holdings, Inc. owns, operates, and franchises restaurants in the People's Republic of China. The company operates through two KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also offers online food delivery services. Yum China Holdings, Inc. was founded in 1987 and is headquartered in Shanghai, the People's Republic of China.
| Name | Title | Year Born |
|---|---|---|
| Ms. Joey Wat | CEO & Director | 1971 |
| Mr. Ka Wai Yeung | Chief Financial Officer | 1973 |
| Mr. W. K. Chan | Chief Legal Officer | 1969 |
| Mr. Aiken Yuen | Chief People Officer | 1960 |
| Mr. Johnson Huang | Chief Customer Officer | 1962 |
| Ms. Xueling Lu | Controller & Principal Accounting Officer | 1974 |
| Ms. Leila Zhang | Chief Technology Officer | 1969 |
| Ms. Alice Wang | Chief Public Affairs Officer | 1970 |
| Ms. Sunny Sun | Chief Growth Officer | 1972 |
| Mr. Duoduo Huang | Chief Supply Chain Officer | 1972 |
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