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Yum! Brands

DB:TGR
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGR
DB
$19B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

YUM! Brands, Inc., together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The last earnings update was 45 days ago. More info.


Add to Portfolio Compare Print
  • Yum! Brands has significant price volatility in the past 3 months.
TGR Share Price and Events
7 Day Returns
-9.1%
DB:TGR
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-32.1%
DB:TGR
-48.1%
DE Hospitality
-20.9%
DE Market
TGR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yum! Brands (TGR) -9.1% -20.9% -33% -32.1% 0.2% -18.8%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • TGR outperformed the Hospitality industry which returned -48.1% over the past year.
  • TGR underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
TGR
Industry
5yr Volatility vs Market

TGR Value

 Is Yum! Brands undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Yum! Brands to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Yum! Brands.

DB:TGR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TGR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (59.55%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.1 * 5.44%)
5.6%

Discounted Cash Flow Calculation for DB:TGR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Yum! Brands is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TGR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.6%)
2020 1,354.00 Analyst x7 1,282.24
2021 1,337.22 Analyst x9 1,199.23
2022 1,699.67 Analyst x3 1,443.49
2023 1,902.50 Analyst x2 1,530.12
2024 1,980.50 Analyst x2 1,508.43
2025 2,029.31 Est @ 2.46% 1,463.70
2026 2,061.95 Est @ 1.61% 1,408.42
2027 2,082.75 Est @ 1.01% 1,347.23
2028 2,095.02 Est @ 0.59% 1,283.34
2029 2,101.21 Est @ 0.3% 1,218.91
Present value of next 10 years cash flows $13,685.00
DB:TGR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2,101.21 × (1 + -0.39%) ÷ (5.6% – -0.39%)
$34,962.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $34,962.06 ÷ (1 + 5.6%)10
$20,281.50
DB:TGR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $13,685.00 + $20,281.50
$33,966.50
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $33,966.50 / 300.82
$112.91
DB:TGR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TGR represents 0.95971x of NYSE:YUM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95971x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 112.91 x 0.95971
€108.36
Value per share (EUR) From above. €108.36
Current discount Discount to share price of €60.75
= -1 x (€60.75 - €108.36) / €108.36
43.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Yum! Brands is available for.
Intrinsic value
44%
Share price is €60.75 vs Future cash flow value of €108.36
Current Discount Checks
For Yum! Brands to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Yum! Brands's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Yum! Brands's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Yum! Brands's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yum! Brands's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TGR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $4.23
NYSE:YUM Share Price ** NYSE (2020-04-03) in USD $63.3
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Yum! Brands.

DB:TGR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:YUM Share Price ÷ EPS (both in USD)

= 63.3 ÷ 4.23

14.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yum! Brands is good value based on earnings compared to the DE Hospitality industry average.
  • Yum! Brands is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Yum! Brands's expected growth come at a high price?
Raw Data
DB:TGR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
0.9%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:TGR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.97x ÷ 0.9%

16.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yum! Brands is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Yum! Brands's assets?
Raw Data
DB:TGR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $-26.72
NYSE:YUM Share Price * NYSE (2020-04-03) in USD $63.3
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:TGR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:YUM Share Price ÷ Book Value per Share (both in USD)

= 63.3 ÷ -26.72

-2.37x

* Primary Listing of Yum! Brands.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yum! Brands has negative assets, we can't compare the value of its assets to the DE Hospitality industry average.
X
Value checks
We assess Yum! Brands's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Yum! Brands has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TGR Future Performance

 How is Yum! Brands expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yum! Brands expected to grow at an attractive rate?
  • Yum! Brands's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Yum! Brands's earnings growth is positive but not above the Germany market average.
  • Yum! Brands's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TGR Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TGR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 0.9%
DB:TGR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 3.9%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TGR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TGR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 6,615 1
2023-12-31 6,347 1
2022-12-31 6,339 1,639 1,357 7
2021-12-31 5,958 1,469 1,271 23
2020-12-31 5,472 1,319 1,101 23
2020-04-05
DB:TGR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 5,597 1,315 1,294
2019-09-30 5,461 1,263 1,140
2019-06-30 5,513 1,256 1,339
2019-03-31 5,571 1,287 1,371
2018-12-31 5,688 1,176 1,542
2018-09-30 5,707 1,108 1,644
2018-06-30 5,752 972 1,608
2018-03-31 5,832 931 1,493
2017-12-31 5,878 1,030 1,340
2017-09-30 6,187 1,030 1,212
2017-06-30 6,269 1,100 1,012
2017-03-31 6,330 1,227 1,072

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yum! Brands's earnings are expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
  • Yum! Brands's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TGR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from Yum! Brands Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TGR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 4.88 5.01 4.75 2.00
2021-12-31 4.27 4.68 3.75 12.00
2020-12-31 3.61 4.10 2.98 11.00
2020-04-05
DB:TGR Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 4.23
2019-09-30 3.70
2019-06-30 4.30
2019-03-31 4.34
2018-12-31 4.79
2018-09-30 5.02
2018-06-30 4.81
2018-03-31 4.38
2017-12-31 3.86
2017-09-30 3.42
2017-06-30 2.77
2017-03-31 2.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Yum! Brands will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Yum! Brands's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Yum! Brands has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TGR Past Performance

  How has Yum! Brands performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Yum! Brands's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Yum! Brands's year on year earnings growth rate has been positive over the past 5 years.
  • Yum! Brands's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Yum! Brands's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Yum! Brands's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Yum! Brands Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TGR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,597.00 1,294.00 921.00
2019-09-30 5,461.00 1,140.00 884.00
2019-06-30 5,513.00 1,339.00 883.00
2019-03-31 5,571.00 1,371.00 896.00
2018-12-31 5,688.00 1,542.00 904.00
2018-09-30 5,707.00 1,644.00 912.00
2018-06-30 5,752.00 1,608.00 939.00
2018-03-31 5,832.00 1,493.00 950.00
2017-12-31 5,878.00 1,340.00 971.00
2017-09-30 6,187.00 1,212.00 1,005.00
2017-06-30 6,269.00 1,012.00 1,010.00
2017-03-31 6,330.00 1,072.00 1,038.00
2016-12-31 6,356.00 1,018.00 1,105.00
2016-09-30 1,756.00 628.00 856.00
2016-06-30 3,665.00 831.00 944.00
2016-03-31 5,261.00 800.00 1,047.00
2015-12-31 6,418.00 926.00 1,058.00
2015-09-05 13,151.00 932.00 1,449.00
2015-06-13 13,078.00 915.00 1,444.00
2015-03-21 13,177.00 1,014.00 1,443.00
2014-12-27 6,587.00 1,006.00 1,028.00
2014-09-06 13,461.00 1,458.00 1,408.00
2014-06-14 13,573.00 1,206.00 1,412.00
2014-03-22 13,273.00 1,153.00 1,393.00
2013-12-28 13,084.00 1,091.00 1,397.00
2013-09-07 13,058.00 1,107.00 1,404.00
2013-06-15 13,161.00 1,426.00 1,409.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Yum! Brands has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Yum! Brands used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Yum! Brands has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Yum! Brands's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Yum! Brands has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TGR Health

 How is Yum! Brands's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Yum! Brands's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yum! Brands's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Yum! Brands's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Yum! Brands's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Yum! Brands has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Yum! Brands Company Filings, last reported 3 months ago.

DB:TGR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -8,016.00 10,556.00 611.00
2019-09-30 -8,097.00 10,592.00 698.00
2019-06-30 -7,994.00 10,194.00 262.00
2019-03-31 -7,904.00 10,046.00 297.00
2018-12-31 -7,926.00 10,024.00 313.00
2018-09-30 -7,458.00 9,702.00 219.00
2018-06-30 -7,247.00 9,579.00 331.00
2018-03-31 -6,754.00 9,377.00 996.00
2017-12-31 -6,334.00 9,804.00 1,531.00
2017-09-30 -6,121.00 9,851.00 984.00
2017-06-30 -6,102.00 9,849.00 973.00
2017-03-31 -5,812.00 9,108.00 526.00
2016-12-31 -5,615.00 9,125.00 725.00
2016-09-30 -1,830.00 9,174.00 2,885.00
2016-06-30 -331.00 5,363.00 795.00
2016-03-31 217.00 4,831.00 934.00
2015-12-31 975.00 3,928.00 313.00
2015-09-05 1,893.00 3,217.00 861.00
2015-06-13 1,633.00 3,399.00 636.00
2015-03-21 1,771.00 3,387.00 675.00
2014-12-27 1,613.00 3,344.00 578.00
2014-09-06 2,604.00 3,387.00 1,011.00
2014-06-14 2,362.00 3,165.00 831.00
2014-03-22 2,373.00 3,019.00 734.00
2013-12-28 2,268.00 2,989.00 573.00
2013-09-07 2,300.00 2,932.00 753.00
2013-06-15 2,344.00 2,986.00 500.00
  • Yum! Brands has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Yum! Brands's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (12.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Yum! Brands's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Yum! Brands has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TGR Dividends

 What is Yum! Brands's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.97%
Current annual income from Yum! Brands dividends. Estimated to be 3.18% next year.
If you bought €2,000 of Yum! Brands shares you are expected to receive €59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Yum! Brands's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Yum! Brands's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TGR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TGR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 2.55 1.00
2022-12-31 2.22 5.00
2021-12-31 2.05 14.00
2020-12-31 1.86 14.00
2020-04-05
DB:TGR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-24 1.880 2.204
2019-11-11 1.680 1.672
2019-08-09 1.680 1.502
2019-05-06 1.680 1.552
2019-01-25 1.680 1.716
2018-11-16 1.440 1.592
2018-08-10 1.440 1.642
2018-04-25 1.440 1.769
2018-01-26 1.440 1.745
2017-10-23 1.200 1.481
2017-05-19 1.200 1.606
2017-03-24 1.200 1.819
2016-12-21 1.200 1.845
2016-09-26 2.040 2.866
2016-05-20 1.840 2.125
2016-03-04 1.840 2.287
2015-11-19 1.840 2.571
2015-10-06 1.840 2.588
2015-05-01 1.640 1.895
2015-03-25 1.640 2.015
2014-11-20 1.640 2.183
2014-09-10 1.640 2.296
2014-05-01 1.480 1.952
2014-03-12 1.480 1.954
2013-11-22 1.480 2.016
2013-09-19 1.480 2.116
2013-05-15 1.340 1.877
2013-03-22 1.340 1.967
2012-11-16 1.340 2.004
2012-09-20 1.340 1.924
2012-05-17 1.140 1.737
2012-03-23 1.140 1.597
2011-11-18 1.140 1.848
2011-09-14 1.140 2.165
2011-05-19 1.000 1.869
2011-03-25 1.000 1.911
2010-11-19 1.000 2.007
2010-09-14 1.000 2.066
2010-05-20 0.840 2.024
2010-03-12 0.840 2.074
2009-11-20 0.840 2.419
2009-09-30 0.840 2.421
2009-05-28 0.760 2.207

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Yum! Brands's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Yum! Brands's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Yum! Brands afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yum! Brands has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TGR Management

 What is the CEO of Yum! Brands's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Gibbs
COMPENSATION $6,996,997
AGE 56
TENURE AS CEO 0.3 years
CEO Bio

Mr. David W. Gibbs is Chief Executive Officer of YUM! Brands, Inc. since January 1, 2020 and has been its Director since November 1, 2019. Mr. Gibbs served as Chief Operating Officer at YUM! Brands, Inc. since January 25, 2019 until December 2019 and was its President since May 2, 2016 until December 2019. Mr. Gibbs served as Chief Financial Officer at YUM! Brands, Inc. since May 2, 2016 until August 8, 2019. Mr. Gibbs served as the Chief Executive Officer of Pizza Hut, Inc., at Yum! Brands, Inc. from January 1, 2015 to May 2, 2016 and President until December 2014. He was responsible for overseeing Pizza Hut, including the development of a global growth strategy for it.. Mr. Gibbs has many years of experience in finance, corporate strategy, real estate development and e-commerce. Mr. Gibbs served as President of Pizza Hut Business of US from January 7, 2014 to December 31, 2014. Mr. Gibbs joined Yum! Brands, Inc. in 1989. He served as the President and Chief Financial Officer for YUM Brands International. He began his career in development and his roles included Vice President of Development at KFC and at YUM U.S. Since 2006, he served as Chief Financial Officer of Pizza Hut in the U.S., then to Chief Financial Officer at Yum! Restaurants International. He served as President of YRI. During that time, he improved the business model at Pizza Hut and led the development of a new vibrant restaurant asset base and significant supply chain savings. Mr. Gibbs joined the restaurant division of Pepsico in 1989, which later became part of Yum! Brands. He served in a variety of executive roles with Yum! Brands, including Chief Strategy Officer of Yum! Restaurants International. He served as an Independent Director at Sally Beauty Holdings Inc. since March 3, 2016 until January 30, 2020.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Yum! Brands management team in years:

1.8
Average Tenure
46
Average Age
  • The average tenure for the Yum! Brands management team is less than 2 years, this suggests a new team.
Management Team

David Gibbs

TITLE
CEO & Director
COMPENSATION
$7M
AGE
56
TENURE
0.3 yrs

Tracy Skeans

TITLE
Chief Transformation & People Officer
COMPENSATION
$4M
AGE
46
TENURE
4.3 yrs

Greg Creed

TITLE
Part-time Advisor & Non-Independent Director
COMPENSATION
$14M
AGE
61
TENURE
0.3 yrs

Dave Russell

TITLE
Senior VP of Finance & Corporate Controller
COMPENSATION
$1M
AGE
49
TENURE
9.2 yrs

Chris Turner

TITLE
Chief Financial Officer
AGE
44
TENURE
0.7 yrs

Keith Siegner

TITLE
VP of Investor Relations
AGE
44
TENURE
3.8 yrs

Scott Catlett

TITLE
General Counsel & Corporate Secretary
AGE
42
TENURE
1.8 yrs

Virginia Ferguson

TITLE
Senior Director of Public Relations

Jerilan Greene

TITLE
Global Chief Communications & Public Affairs Officer

Kevin Hochman

TITLE
Chief Concept Officer & President of KFC -US
Board of Directors Tenure

Average tenure and age of the Yum! Brands board of directors in years:

5.8
Average Tenure
59.5
Average Age
  • The tenure for the Yum! Brands board of directors is about average.
Board of Directors

Brian Cornell

TITLE
Independent Non-Executive Chairman
COMPENSATION
$260K
AGE
60
TENURE
1.4 yrs

David Gibbs

TITLE
CEO & Director
COMPENSATION
$7M
AGE
56
TENURE
1.3 yrs

Greg Creed

TITLE
Part-time Advisor & Non-Independent Director
COMPENSATION
$14M
AGE
61
TENURE
5.4 yrs

Tom Nelson

TITLE
Independent Director
COMPENSATION
$265K
AGE
57
TENURE
14.3 yrs

Mirian Graddick-Weir

TITLE
Independent Director
COMPENSATION
$240K
AGE
64
TENURE
8.3 yrs

Bob Walter

TITLE
Independent Non-Executive Director
COMPENSATION
$405K
AGE
73
TENURE
11.9 yrs

Mike Cavanagh

TITLE
Independent Director
COMPENSATION
$240K
AGE
53
TENURE
7.4 yrs

Elane Stock

TITLE
Independent Director
COMPENSATION
$240K
AGE
54
TENURE
6.3 yrs

P. Skala

TITLE
Independent Director
COMPENSATION
$240K
AGE
59
TENURE
4.3 yrs

Paget Alves

TITLE
Independent Director
COMPENSATION
$240K
AGE
64
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • Yum! Brands individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Feb 20 Sell Greg Creed Individual 14. Feb 20 14. Feb 20 -87,945 €96.99 €-8,529,704
27. Aug 19 Sell Greg Creed Individual 26. Aug 19 26. Aug 19 -11,389 €105.21 €-1,198,278
19. Aug 19 Sell David Russell Individual 16. Aug 19 16. Aug 19 -5,801 €103.94 €-602,929
X
Management checks
We assess Yum! Brands's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Yum! Brands has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TGR News

Simply Wall St News

TGR Company Info

Description

YUM! Brands, Inc., together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories. As of December 31, 2018, it had 22,621 KFC units; 18,431 Pizza Hut units; and 7,072 Taco Bell units in approximately 140 countries and territories. The company was formerly known as TRICON Global Restaurants, Inc. and changed its name to YUM! Brands, Inc. in May 2002. YUM! Brands, Inc. was incorporated in 1997 and is headquartered in Louisville, Kentucky.

Details
Name: Yum! Brands, Inc.
TGR
Exchange: DB
Founded: 1997
$17,650,078,909
300,822,322
Website: http://www.yum.com
Address: Yum! Brands, Inc.
1441 Gardiner Lane,
Louisville,
Kentucky, 40213,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE YUM Common Stock New York Stock Exchange US USD 11. Sep 1997
DB TGR Common Stock Deutsche Boerse AG DE EUR 11. Sep 1997
XTRA TGR Common Stock XETRA Trading Platform DE EUR 11. Sep 1997
LSE 0QYD Common Stock London Stock Exchange GB USD 11. Sep 1997
SWX YUM Common Stock SIX Swiss Exchange CH CHF 11. Sep 1997
WBAG YUM Common Stock Wiener Boerse AG AT EUR 11. Sep 1997
BMV YUM * Common Stock Bolsa Mexicana de Valores MX MXN 11. Sep 1997
ETLX TGR Common Stock Eurotlx IT EUR 11. Sep 1997
BOVESPA YUMR34 BDR EACH 1 REP 0.5 COM NPV Bolsa de Valores de Sao Paulo BR BRL 17. May 2019
Number of employees
Current staff
Staff numbers
34,000
Yum! Brands employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 21:17
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.