All work
Credit research / Corporate credit
In progressCorporate credit research: Yum! Brands
A full lender's view of Yum! Brands: model, credit memo, and one-page snapshot.
Tools: Excel, SEC filings
Where it stands
I'm building this one step by step: an Excel credit model, a credit memo, and a one-page snapshot. It will be posted here when it's done.
What the analysis will cover
- Business model
- Industry structure
- Revenue and operating drivers
- Financial performance
- Cash flow
- Debt and capital structure
- Leverage
- Liquidity
- Credit risks
- Credit conclusions