Price to FCFE (P/FCFE)
Paying user area
Try for free
YUM! Brands Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to YUM! Brands Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Free Cash Flow to Equity (FCFE)
YUM! Brands Inc., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31).
- Net Cash Provided by Operating Activities
- The net cash provided by operating activities exhibited slight fluctuation over the observed five-year period. It started at $2,170 million in 2011, increased to a peak of $2,294 million in 2012, followed by declines in the subsequent years, reaching a low of $2,049 million in 2014. There was a modest recovery in 2015, with the figure rising back to $2,139 million. Overall, the trend shows some volatility but largely stable cash generation from operations, with no significant downward or upward trajectory.
- Free Cash Flow to Equity (FCFE)
- Free cash flow to equity demonstrated a consistent and notable upward trend across the five-year span. Starting from $968 million in 2011, it slightly decreased to $913 million in 2012 but rebounded thereafter with continuous increases each year, reaching $1,023 million in 2013, $1,366 million in 2014, and culminating at $1,797 million in 2015. This progressive growth in FCFE suggests improved cash availability for equity shareholders, potentially indicating better capital management or increased operating efficiency.
- Comparative Analysis of Trends
- While net cash provided by operating activities remained relatively flat with minor fluctuations, free cash flow to equity showed a strong upward trajectory, especially notable from 2013 onwards. This divergence could imply enhanced management of capital expenditures, financing activities, or working capital components that positively influenced the free cash flow available to equity holders without a corresponding increase in core operational cash flows.
Price to FCFE Ratio, Current
YUM! Brands Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Airbnb Inc. | |
| Booking Holdings Inc. | |
| Chipotle Mexican Grill Inc. | |
| McDonald’s Corp. | |
| Starbucks Corp. | |
Based on: 10-K (reporting date: 2015-12-26).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
YUM! Brands Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 26, 2015 | Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | Dec 31, 2011 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in millions)2 | ||||||
| FCFE per share3 | ||||||
| Share price1, 4 | ||||||
| Valuation Ratio | ||||||
| P/FCFE5 | ||||||
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Airbnb Inc. | ||||||
| Booking Holdings Inc. | ||||||
| Chipotle Mexican Grill Inc. | ||||||
| McDonald’s Corp. | ||||||
| Starbucks Corp. | ||||||
Based on: 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31).
1 Data adjusted for splits and stock dividends.
3 2015 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of YUM! Brands Inc. Annual Report.
5 2015 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
The financial data reveals several notable trends over the five-year period from the end of 2011 to the end of 2015.
- Share Price
- The share price experienced slight fluctuations, starting at $65.50 at the end of 2011 and remaining relatively stable around the mid-60s to mid-70s range thereafter. It peaked at $76.05 in 2014 before declining to $69.52 in 2015.
- Free Cash Flow to Equity (FCFE) Per Share
- There was a consistent upward trend in FCFE per share, increasing from $2.10 in 2011 to $4.40 in 2015. This reflects improving cash flow generation available to equity shareholders over the period, with more pronounced growth in the last two years.
- Price to FCFE (P/FCFE) Ratio
- The P/FCFE ratio showed a declining trend, starting at approximately 31.15 in 2011 and decreasing steadily to 15.81 by 2015. This suggests that the market valuation became relatively more attractive compared to the company's free cash flows, potentially indicating undervaluation or improved cash flow generation relative to price.
Overall, the data indicates stable stock price performance alongside significant improvements in free cash flows to equity, leading to a compression of the P/FCFE valuation multiple. Such trends could imply enhanced operational efficiency or cash flow growth not fully reflected in the share price appreciation by 2015.