Yum China Holdings (HAM:0YU) Cyclically Adjusted FCF per Share: €1.69 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:0YU Yum China Holdings Inc HAM:0YU
81 GF Score
Price €41.80
GF Value €47.13
Valuation Modestly Undervalued
View Full Analysis

What is Yum China Holdings Cyclically Adjusted FCF per Share?

Yum China Holdings HAM:0YU +3.72% 81 Cyclically Adjusted FCF per Share is €1.69 as of Jun. 2026. GuruFocus rates HAM:0YU with a GF Score™ of 81/100 and a GF Value™ of €47.13 (Modestly Undervalued).

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Yum China Holdings's adjusted free cash flow per share for the three months ended in Jun. 2026 was €0.744. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €1.69 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Yum China Holdings's average Cyclically Adjusted FCF Growth Rate was 5.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2026-08-01), Yum China Holdings's current stock price is €41.80. Yum China Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was €1.69. Yum China Holdings's Cyclically Adjusted Price-to-FCF of today is 24.73.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Yum China Holdings was 32.02. The lowest was 21.61. And the median was 25.01.


Yum China Holdings  (HAM:0YU) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Yum China Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=41.80/1.69
=24.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Yum China Holdings was 32.02. The lowest was 21.61. And the median was 25.01.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Yum China Holdings Cyclically Adjusted FCF per Share Related Terms


Yum China Holdings Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Yum China Holdings's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Yum China Holdings Cyclically Adjusted FCF per Share Chart

Yum China Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.55

Yum China Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.55 1.61 1.55 1.63 1.69

HAM:0YU vs TXRH, DPZ, LKNCY: Cyclically Adjusted FCF per Share Comparison

For the Restaurants subindustry, Yum China Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Yum China Holdings Cyclically Adjusted Price-to-FCF vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Yum China Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Yum China Holdings's Cyclically Adjusted Price-to-FCF falls into.


HAM:0YU
81GF Score
Yum China Holdings Inc HAM:0YU
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yum China Holdings Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Yum China Holdings's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.744/116.0564*116.0564
=0.744

Current CPI (Jun. 2026) = 116.0564.

Yum China Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201608 0.000 101.700 0.000
201612 0.000 102.600 0.000
201703 0.530 103.200 0.596
201706 0.393 103.100 0.442
201709 0.611 104.100 0.681
201712 -0.466 104.500 -0.518
201803 0.890 105.300 0.981
201806 0.320 104.900 0.354
201809 0.489 106.600 0.532
201812 0.112 106.500 0.122
201903 0.534 107.700 0.575
201906 0.480 107.700 0.517
201909 0.679 109.800 0.718
201912 0.035 111.200 0.037
202003 -0.063 112.300 -0.065
202006 0.673 110.400 0.707
202009 0.739 111.700 0.768
202012 0.151 111.500 0.157
202103 0.321 112.662 0.331
202106 0.580 111.769 0.602
202109 0.238 112.215 0.246
202112 -0.308 113.108 -0.316
202203 -0.072 114.335 -0.073
202206 0.660 114.558 0.669
202209 1.329 115.339 1.337
202212 -0.192 115.116 -0.194
202303 0.724 115.116 0.730
202306 0.577 114.558 0.585
202309 0.542 115.339 0.545
202312 -0.158 114.781 -0.160
202403 0.578 115.227 0.582
202406 0.551 114.781 0.557
202409 0.571 115.785 0.572
202412 -0.038 114.893 -0.038
202503 0.771 115.116 0.777
202506 0.672 114.907 0.679
202509 0.810 115.471 0.814
202512 -0.274 115.832 -0.275
202603 0.992 116.303 0.990
202606 0.744 116.056 0.744

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €1.69 mean?
Yum China Holdings (HAM:0YU) has a Cyclically Adjusted FCF per Share of €1.69 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Yum China Holdings and its competitors.
Is Yum China Holdings' Cyclically Adjusted FCF per Share too high?
Yum China Holdings' current Cyclically Adjusted FCF per Share is €1.69. Overall, Yum China Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Yum China Holdings' Cyclically Adjusted FCF per Share compare to TXRH and DPZ?
Yum China Holdings' Cyclically Adjusted FCF per Share of €1.69 can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Restaurants company?
A good Cyclically Adjusted FCF per Share depends on the Restaurants industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Yum China Holdings and its competitors. Yum China Holdings's current Cyclically Adjusted FCF per Share is €1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yum China Holdings stock overvalued right now?
Based on GuruFocus' analysis, Yum China Holdings (HAM:0YU) is currently considered Modestly Undervalued. The stock's GF Value™ is €47.13, compared to a current price of €41.80 — trading 11.3% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €1.69. Yum China Holdings' overall GF Score™ is 81/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Yum China Holdings (HAM:0YU), the current Cyclically Adjusted FCF per Share is €1.69 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Yum China Holdings (HAM:0YU) Overvalued in 2026?

Based on GuruFocus' analysis, Yum China Holdings stock appears to be undervalued. The current stock price of €41.80 is trading 11.3% below its estimated GF Value™ of €47.13. GuruFocus considers Yum China Holdings to be Modestly Undervalued.

Key valuation signals for HAM:0YU:

  • Cyclically Adjusted FCF per Share: €1.69
  • GF Value™: €47.13 vs. price of €41.80 (11.3% below fair value)
  • GF Score™: 81/100

No single metric tells the full story. See the HAM:0YU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yum China Holdings Business Description

Address 20 Tian Yao Qiao Road, Yum China Building, Shanghai, CHN, 200030
Yum China is the largest restaurant operator in China, with over 18,000 locations and USD 12 billion in systemwide sales as of 2025. It generates revenue primarily from its own restaurants and franchise fees. While KFC and Pizza Hut are its flagship brands, Yum China's portfolio also includes Little Sheep, Taco Bell, Huang Ji Huang, and Lavazza.As a trademark licensee of Yum Brands, Yum China pays 3% of KFC and Pizza Hut's systemwide sales to its former parent, from which it spun off in 2016. However, even before the separation, Yum China was granted substantial autonomy, giving its Chinese leadership decision-making authority over menu, supply chain, and marketing—an unusual practice for Western chains at the time.
81GF Score

Get the complete analysis for HAM:0YU

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€41.80
Price
€47.13
GF Value