YUM! Brands Inc., current enterprise value calculation

Current share price (P)	$88.25
No. shares of common stock outstanding	367,005,511
US$ in millions
Common equity (market value)¹	32,388)
Add: Noncontrolling interests (per books)	58)
Total equity	32,446)
Add: Short-term borrowings (per books)	923)
Add: Long-term debt (per books)	3,054)
Total equity and debt	36,423)
Less: Cash and cash equivalents	737)
Enterprise value (EV)	35,686)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 88.25 × 367,005,511

YUM! Brands Inc., EV calculation

	Dec 26, 2015	Dec 27, 2014	Dec 28, 2013	Dec 29, 2012	Dec 31, 2011
Share price^1, 2	$69.52	$76.05	$73.24	$64.56	$65.50
No. shares of common stock outstanding¹	408,711,522	433,115,252	442,931,286	450,729,244	460,414,239
US$ in millions
Common equity (market value)³	28,414)	32,938)	32,440)	29,099)	30,157)
Add: Noncontrolling interests (book value)	58)	57)	63)	99)	93)
Total equity	28,472)	32,995)	32,503)	29,198)	30,250)
Add: Short-term borrowings (book value)	923)	267)	71)	10)	320)
Add: Long-term debt (book value)	3,054)	3,077)	2,918)	2,932)	2,997)
Total equity and debt	32,449)	36,339)	35,492)	32,140)	33,567)
Less: Cash and cash equivalents	737)	578)	573)	776)	1,198)
Enterprise value (EV)	31,712)	35,761)	34,919)	31,364)	32,369)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of YUM! Brands Inc. Annual Report.

³ 2015 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 69.52 × 408,711,522

Download chart

Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	YUM! Brands Inc. EV increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.

YUM! Brands Inc. (NYSE:YUM)

Enterprise Value (EV)