Yum China Holdings Inc (YUMC) - Net Assets
Based on the latest financial reports, Yum China Holdings Inc (YUMC) has net assets worth $6.11 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.84 Billion) and total liabilities ($4.73 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Yum China Holdings Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.11 Billion |
| % of Total Assets | 56.35% |
| Annual Growth Rate | 9.96% |
| 5-Year Change | -22.94% |
| 10-Year Change | 149.9% |
| Growth Volatility | 29.43 |
Yum China Holdings Inc - Net Assets Trend (2013–2025)
This chart illustrates how Yum China Holdings Inc's net assets have evolved over time, based on quarterly financial data. See YUMC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Yum China Holdings Inc (2013–2025)
The table below shows the annual net assets of Yum China Holdings Inc from 2013 to 2025. For live valuation and market cap data, see Yum China Holdings Inc (YUMC) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $6.11 Billion | -5.01% |
| 2024-12-31 | $6.43 Billion | -9.72% |
| 2023-12-31 | $7.12 Billion | -0.57% |
| 2022-12-31 | $7.16 Billion | -9.62% |
| 2021-12-31 | $7.92 Billion | +22.42% |
| 2020-12-31 | $6.47 Billion | +103.81% |
| 2019-12-31 | $3.17 Billion | +6.65% |
| 2018-12-31 | $2.98 Billion | +4.57% |
| 2017-12-31 | $2.85 Billion | +16.54% |
| 2016-12-31 | $2.44 Billion | +23.07% |
| 2015-12-31 | $1.99 Billion | +1.59% |
| 2014-12-31 | $1.95 Billion | 0.00% |
| 2013-12-31 | $1.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yum China Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4310.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.76 Billion | 32.79% |
| Common Stock | $4.00 Million | 0.07% |
| Other Comprehensive Income | $-157.00 Million | -2.92% |
| Other Components | $3.77 Billion | 70.05% |
| Total Equity | $5.38 Billion | 100.00% |
Yum China Holdings Inc Competitors by Market Cap
The table below lists competitors of Yum China Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TKO Group Holdings, Inc.
NYSE:TKO
|
$14.90 Billion |
|
MTN GROUP ADR/1 RC-0001
F:LL6A
|
$14.90 Billion |
|
Datang International Power Generation Co Ltd Class A
SHG:601991
|
$14.91 Billion |
|
HAL TR. UNITS
F:HA4
|
$14.93 Billion |
|
Tenet Healthcare Corporation
NYSE:THC
|
$14.86 Billion |
|
Ovintiv Inc
NYSE:OVV
|
$14.85 Billion |
|
BB Seguridade Participacoes SA
SA:BBSE3
|
$14.82 Billion |
|
Omv Petrom S.A
RO:SNP
|
$14.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yum China Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,728,000,000 to 5,379,000,000, a change of -349,000,000 (-6.1%).
- Net income of 929,000,000 contributed positively to equity growth.
- Dividend payments of 353,000,000 reduced retained earnings.
- Share repurchases of 1,144,000,000 reduced equity.
- Other comprehensive income increased equity by 184,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $929.00 Million | +17.27% |
| Dividends Paid | $353.00 Million | -6.56% |
| Share Repurchases | $1.14 Billion | -21.27% |
| Other Comprehensive Income | $184.00 Million | +3.42% |
| Other Changes | $35.00 Million | +0.65% |
| Total Change | $- | -6.09% |
Book Value vs Market Value Analysis
This analysis compares Yum China Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.87x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.57x to 2.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $5.01 | $42.93 | x |
| 2014-12-31 | $4.84 | $42.93 | x |
| 2015-12-31 | $5.01 | $42.93 | x |
| 2016-12-31 | $6.44 | $42.93 | x |
| 2017-12-31 | $6.95 | $42.93 | x |
| 2018-12-31 | $7.27 | $42.93 | x |
| 2019-12-31 | $7.93 | $42.93 | x |
| 2020-12-31 | $15.44 | $42.93 | x |
| 2021-12-31 | $16.26 | $42.93 | x |
| 2022-12-31 | $15.25 | $42.93 | x |
| 2023-12-31 | $15.25 | $42.93 | x |
| 2024-12-31 | $14.69 | $42.93 | x |
| 2025-12-31 | $14.98 | $42.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yum China Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.27%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.87%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 2.00x
- Recent ROE (17.27%) is above the historical average (14.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 6.45% | 1.82% | 2.12x | 1.67x | $-69.40 Million |
| 2014 | -0.37% | -0.10% | 2.13x | 1.73x | $-195.80 Million |
| 2015 | 16.81% | 4.68% | 2.16x | 1.67x | $130.90 Million |
| 2016 | 21.12% | 7.43% | 1.81x | 1.57x | $264.30 Million |
| 2017 | 14.39% | 5.12% | 1.81x | 1.55x | $121.50 Million |
| 2018 | 24.64% | 8.41% | 1.83x | 1.60x | $420.70 Million |
| 2019 | 23.17% | 8.12% | 1.26x | 2.26x | $405.30 Million |
| 2020 | 12.63% | 9.49% | 0.76x | 1.75x | $163.40 Million |
| 2021 | 14.03% | 10.05% | 0.75x | 1.87x | $284.40 Million |
| 2022 | 6.82% | 4.62% | 0.81x | 1.82x | $-206.20 Million |
| 2023 | 12.91% | 7.53% | 0.91x | 1.88x | $186.50 Million |
| 2024 | 15.90% | 8.06% | 1.02x | 1.94x | $338.20 Million |
| 2025 | 17.27% | 7.87% | 1.09x | 2.00x | $391.10 Million |
Industry Comparison
This section compares Yum China Holdings Inc's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $208,179,300
- Average return on equity (ROE) among peers: 25.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yum China Holdings Inc (YUMC) | $6.11 Billion | 6.45% | 0.77x | $14.87 Billion |
| Arcos Dorados Holdings Inc (ARCO) | $457.59 Million | -23.89% | 2.92x | $1.12 Billion |
| Ark Restaurants Corp (ARKR) | $21.45 Million | 19.72% | 1.24x | $22.36 Million |
| Flanigans Enterprises Inc (BDL) | $7.00 Million | 34.29% | 0.54x | $56.74 Million |
| BurgerFi International, Inc. (BFICQ) | $259.07 Million | 0.24% | 0.12x | $2.74K |
| Biglari Holdings Inc (BH) | $42.60 Million | 23.47% | 1.34x | $693.14 Million |
| Biglari Holdings Inc (BH-A) | $283.58 Million | -8.10% | 0.83x | $363.36 Million |
| BJs Restaurants Inc (BJRI) | $287.83 Million | 8.05% | 0.49x | $1.09 Billion |
| Bloomin Brands Inc (BLMN) | $49.47 Million | 202.63% | 51.01x | $664.79 Million |
| Black Rock Coffee Bar, Inc. Class A Common Stock (BRCB) | $-2.71 Million | 0.00% | 0.00x | $139.15 Million |
| Dutch Bros Inc (BROS) | $675.92 Million | 0.25% | 1.61x | $8.93 Billion |
About Yum China Holdings Inc
Yum China Holdings, Inc. owns, operates, and franchises restaurants in the People's Republic of China. The company operates KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also offers online food deliver services. Yum China Holdings, Inc. was founded in 1987 and is headquartered in… Read more