Yum Brands Inc. (YUM) intrinsic value & 10-year financials
Yum Brands Inc. (YUM) has a Graham intrinsic value of $75.08 per share. At $150.51 on Oct 17, 2026, the stock trades 100% above that value. Over the last 10 fiscal years revenue grew 2.9% a year to $8.2B, with an average return on invested capital of 83.0%.
- Graham intrinsic value
- $75.08
- Share price (Oct 17, 2026)
- $150.51
- Price vs Graham value
- 100% above
- Market cap
- $42.3B
- Revenue (FY2025)
- $8.2B
- Revenue growth (10-yr CAGR)
- 2.9%
- ROIC (10-yr avg)
- 83.0%
- Free cash flow (FY2025)
- $1.6B
YUM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $8.2B | $1.6B | $5.55 | $1.6B | 31.3% | 54.6% |
| FY2024 | $7.5B | $1.5B | $5.22 | $1.4B | 31.8% | 62.2% |
| FY2023 | $7.1B | $1.6B | $5.59 | $1.3B | 32.8% | 72.7% |
| FY2022 | $6.8B | $1.3B | $4.57 | $1.1B | 32.0% | 69.5% |
| FY2021 | $6.6B | $1.6B | $5.21 | $1.5B | 32.5% | 101.4% |
| FY2020 | $5.7B | $904.0M | $2.94 | $1.1B | 26.6% | 84.3% |
| FY2019 | $5.6B | $1.3B | $4.14 | $1.1B | 34.5% | 119.5% |
| FY2018 | $5.7B | $1.5B | $4.69 | $942.0M | 40.4% | 124.0% |
| FY2017 | $5.9B | $1.3B | $3.77 | $712.0M | 47.0% | 78.5% |
| FY2016 | $6.4B | $1.6B | $4.04 | — | 25.6% | 62.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Yum! Brands has demonstrated mature, steady growth, with revenue compounding at 2.9% annually over the past decade.
Yum! Brands has earned high returns on invested capital, averaging 83.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Yum! Brands shows that management has aggressively returned capital to shareholders by retiring 29.8% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Yum! Brands is modeled at 3.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $75.08 per share.