Professional
Added to YB: 2024-11-20
Pitch date: 2024-11-19
9987.HK [bullish]
Yum China Holdings, Inc.
-1.19%
current return
Author Info
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Company Info
Yum China Holdings, Inc. owns, operates, and franchises restaurants in the People’s Republic of China.
Market Cap
$16.0B
Pitch Price
$355.83
Price Target
451.11 (+28%)
Dividend
2.47%
EV/EBITDA
6.30
P/E
18.06
EV/Sales
1.45
Sector
Hotels, Restaurants and Leisure
Category
growth
Yum China (9987 HK) – A strong beat once again and we are optimistic
9987.HK: Largest Chinese restaurant group (14,644 stores) w/ $11B sales, $827M profit FY23. Benefiting from pandemic via market share gains & margin improvements. Expect SSSG turnaround, margin boost in Q4'24. $4.5B shareholder return program. TP HK$451.11 (21% upside) at 22x FY25E P/E. Catalysts: product launches, store economics, policy relaxation.
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