title: ÐÑÐµÐ½ÐºÐ° ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð³Ð¾ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ñ Ð¼ÐµÐ¶Ð´ÑÐ½Ð°ÑÐ¾Ð´Ð½Ð¾Ð¹ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Â«KFCÂ»
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð±Ð°ÐºÐ°Ð»Ð°Ð²ÑÐ°
titleType: Subtitle
title: Assessment of the financial condition of the international company "KFC"
Creators: name: ÐÑÐ½ Ð§ÑÑÑ
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2022
Subjects: ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ðµ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ðµ
Ð¼ÐµÐ¶Ð´ÑÐ½Ð°ÑÐ¾Ð´Ð½Ð°Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ñ
ÑÐ°ÑÑ-ÑÑÐ´
KFC
financial condition
international company
fast food

description: Ð¢ÐµÐ¼Ð° Ð²ÑÐ¿ÑÑÐºÐ½Ð¾Ð¹ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð¹ ÑÐ°Ð±Ð¾ÑÑ: ÐÑÐµÐ½ÐºÐ° ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð³Ð¾ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ñ Ð¼ÐµÐ¶Ð´ÑÐ½Ð°ÑÐ¾Ð´Ð½Ð¾Ð¹ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Â«KFCÂ». ÐÐ°Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¿Ð¾ÑÐ²ÑÑÐµÐ½Ð° Ð°Ð½Ð°Ð»Ð¸Ð·Ñ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð³Ð¾ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ñ Ð¾ÑÐ³Ð°Ð½Ð¸Ð·Ð°ÑÐ¸Ð¸ Ð¸ ÑÐ°Ð·ÑÐ°Ð±Ð¾ÑÐºÐµ ÑÐµÐºÐ¾Ð¼ÐµÐ½Ð´Ð°ÑÐ¸Ð¹, Ð½Ð°Ð¿ÑÐ°Ð²Ð»ÐµÐ½Ð½ÑÑ Ð½Ð° ÐµÐ³Ð¾ ÑÐ¾Ð²ÐµÑÑÐµÐ½ÑÑÐ²Ð¾Ð²Ð°Ð½Ð¸Ðµ. ÐÐ°Ð´Ð°ÑÐ¸, ÐºÐ¾ÑÐ¾ÑÑÐµ ÑÐµÑÐ°Ð»Ð¸ÑÑ Ð² ÑÐ¾Ð´Ðµ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ: â ÑÐ°ÑÑÐ¼Ð¾ÑÑÐµÑÑ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÑÐµÑÐºÑÑ ÑÑÑÐ½Ð¾ÑÑÑ Ð°Ð½Ð°Ð»Ð¸Ð·Ð° ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð³Ð¾ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ñ; âÂ  Ð¿ÑÐ¾Ð²ÐµÑÑÐ¸ Ð°Ð½Ð°Ð»Ð¸Ð· ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð³Ð¾ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ñ Â«KFCÂ»; â ÑÐ°Ð·ÑÐ°Ð±Ð¾ÑÐ°ÑÑ ÑÐµÐºÐ¾Ð¼ÐµÐ½Ð´Ð°ÑÐ¸Ð¸,Â Ð½Ð°Ð¿ÑÐ°Ð²Ð»ÐµÐ½Ð½ÑÐµ Ð½Ð°Â ÑÐ¾Ð²ÐµÑÑÐµÐ½ÑÑÐ²Ð¾Ð²Ð°Ð½Ð¸Ðµ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð³Ð¾ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ñ. Ð Ð°Ð±Ð¾ÑÐ° Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð° Ð½Ð° Ð±Ð°Ð·Ðµ KFC, ÐºÐ¾ÑÐ¾ÑÑÐ¹ Ð²ÑÐ¾Ð´Ð¸Ñ Ð² Yum China Holdings, Inc., Ð³Ð´Ðµ ÑÐ¾Ð±Ð¸ÑÐ°Ð»Ð°ÑÑ Ð·Ð½Ð°ÑÐ¸ÑÐµÐ»ÑÐ½Ð°Ñ ÑÐ°ÑÑÑ ÑÐ°ÐºÑÐ¸ÑÐµÑÐºÐ¾Ð³Ð¾ Ð¼Ð°ÑÐµÑÐ¸Ð°Ð»Ð°: ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ñ Ð´ÐµÐ»Ð°ÐµÑ Ð¾ÑÐ»Ð¸ÑÐ½ÑÐµ Ð´Ð¾Ð»Ð³Ð¾ÑÑÐ¾ÑÐ½ÑÐµ Ð¸Ð½Ð²ÐµÑÑÐ¸ÑÐ¸Ð¸, Ð¿Ð¾ÑÐ¾Ð¼Ñ ÑÑÐ¾ Ð½Ð° ÑÐµÐ³Ð¾Ð´Ð½ÑÑÐ½Ð¸Ð¹ Ð´ÐµÐ½Ñ Ð¾Ð½Ð° ÑÐ²Ð»ÑÐµÑÑÑ Ð´Ð¾Ð¼Ð¸Ð½Ð¸ÑÑÑÑÐ¸Ð¼ Ð¾Ð¿ÐµÑÐ°ÑÐ¾ÑÐ¾Ð¼ Ð±ÑÑÑÑÐ¾Ð³Ð¾ Ð¿Ð¸ÑÐ°Ð½Ð¸Ñ Ð² ÐÐ¸ÑÐ°Ðµ, Ð¾Ð±Ð»Ð°Ð´Ð°ÑÑÐ¸Ð¼ Ð¿ÑÐµÐ¸Ð¼ÑÑÐµÑÑÐ²Ð°Ð¼Ð¸ Ð¼Ð°ÑÑÑÐ°Ð±Ð° Ð¸ Ð»Ð¾ÑÐ»ÑÐ½Ð¾ÑÑÑÑ Ðº Ð±ÑÐµÐ½Ð´Ñ, Ñ ÐºÐ¾ÑÐ¾ÑÑÐ¼Ð¸ ÐºÐ¾Ð½ÐºÑÑÐµÐ½ÑÑ Ð½Ðµ Ð¼Ð¾Ð³ÑÑ ÑÑÐ°Ð²Ð½Ð¸ÑÑÑÑ. Ð­ÑÐ¾ Ð¿Ð¾Ð·Ð²Ð¾Ð»ÑÐµÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Ð¸Ð·Ð²Ð»ÐµÑÑ Ð²ÑÐ³Ð¾Ð´Ñ Ð¸Ð· Ð¾ÑÐµÐ½Ñ Ð¿ÑÐ¸Ð²Ð»ÐµÐºÐ°ÑÐµÐ»ÑÐ½Ð¾Ð¹ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÐºÐ¸ Ð½Ð° ÑÑÐ¾Ð²Ð½Ðµ Ð¿Ð¾Ð´ÑÐ°Ð·Ð´ÐµÐ»ÐµÐ½Ð¸Ð¹ Ð´Ð»Ñ Ð½Ð¾Ð²ÑÑ Ð¿Ð¾Ð´ÑÐ°Ð·Ð´ÐµÐ»ÐµÐ½Ð¸Ð¹ KFC (ÑÑÐ¾Ðº Ð¾ÐºÑÐ¿Ð°ÐµÐ¼Ð¾ÑÑÐ¸ ~ 2 Ð³Ð¾Ð´Ð°, ÑÐµÐ½ÑÐ°Ð±ÐµÐ»ÑÐ½Ð¾ÑÑÑ Ð¸Ð½Ð²ÐµÑÑÐ¸ÑÐ¸Ð¹ ~ 50%) Ð¸ Ð·Ð½Ð°ÑÐ¸ÑÐµÐ»ÑÐ½Ð¾Ð³Ð¾ ÑÐ²Ð¾Ð±Ð¾Ð´Ð½Ð¾Ð³Ð¾ Ð¿ÑÐ¾ÑÑÑÐ°Ð½ÑÑÐ²Ð° Ð´Ð»Ñ ÑÑÑÐ¾Ð¸ÑÐµÐ»ÑÑÑÐ²Ð° Ð½Ð¾Ð²ÑÑ ÑÐµÑÑÐ¾ÑÐ°Ð½Ð¾Ð² Ð² Ð³Ð¾ÑÐ¾Ð´Ð°Ñ ÑÑÐ¾Ð²Ð½Ñ 3-6. Ð ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÐµ YUMC Ð´Ð¾Ð»Ð¶Ð½Ð° Ð¸Ð¼ÐµÑÑ Ð²Ð¾Ð·Ð¼Ð¾Ð¶Ð½Ð¾ÑÑÑ Ð¸Ð½Ð²ÐµÑÑÐ¸ÑÐ¾Ð²Ð°ÑÑ ÐºÐ°Ð¿Ð¸ÑÐ°Ð» Ñ Ð²ÑÑÐ¾ÐºÐ¾Ð¹ Ð¿ÑÐ¸ÑÐ¾ÑÑÐ½Ð¾Ð¹ Ð´Ð¾ÑÐ¾Ð´Ð½Ð¾ÑÑÑÑ Ð² ÑÐµÑÐµÐ½Ð¸Ðµ Ð¼Ð½Ð¾Ð³Ð¸Ñ Ð¿Ð¾ÑÐ»ÐµÐ´ÑÑÑÐ¸Ñ Ð»ÐµÑ. ÐÑÐ¾Ð¼Ðµ ÑÐ¾Ð³Ð¾, YUMC Ð¿ÑÐ¸Ð²Ð»ÐµÐºÐ°ÑÐµÐ»ÑÐ½Ð¾ ÑÐµÐ½Ð¸ÑÑÑ Ð¿Ð¾ ÑÑÐ°Ð²Ð½ÐµÐ½Ð¸Ñ Ñ Ð¼Ð¸ÑÐ¾Ð²ÑÐ¼Ð¸ ÑÐµÑÑÐ¾ÑÐ°Ð½Ð½ÑÐ¼Ð¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸ÑÐ¼Ð¸, ÑÐ¾ÑÐ³ÑÑÑÑ ÑÐ¾ ÑÐºÐ¸Ð´ÐºÐ¾Ð¹ Ð´Ð»Ñ Ð¼Ð½Ð¾Ð³Ð¸Ñ Ð¸Ð· Ð½Ð¸Ñ, Ð½ÐµÑÐ¼Ð¾ÑÑÑ Ð½Ð° Ð±Ð¾Ð»ÐµÐµ Ð±ÑÑÑÑÑÐ¹ ÑÐ¾ÑÑ. ÐÐ¾Ð¼Ð¸Ð¼Ð¾ ÑÐ¾Ð³Ð¾, ÑÑÐ¾ Ð¾Ð½ ÑÐ²Ð»ÑÐµÑÑÑ ÐºÐ¸ÑÐ°Ð¹ÑÐºÐ¸Ð¼ Ð¾Ð¿ÐµÑÐ°ÑÐ¾ÑÐ¾Ð¼ ÑÐ¸ÑÑÐ¾Ð¹ Ð¸Ð³ÑÑ, Ðº ÐºÐ¾ÑÐ¾ÑÐ¾Ð¼Ñ Ð¸Ð½Ð²ÐµÑÑÐ¾ÑÑ Ð¼Ð¾Ð³ÑÑ Ð¾ÑÐ½Ð¾ÑÐ¸ÑÑÑÑ Ñ Ð¾ÑÑÐ¾ÑÐ¾Ð¶Ð½Ð¾ÑÑÑÑ, Ñ Ð¿Ð¾Ð»Ð°Ð³Ð°Ñ, ÑÑÐ¾ Ð¿ÑÐ¸ÑÐ¸Ð½Ð° ÑÐºÐ¸Ð´ÐºÐ¸ Ð½Ð° Ð¾ÑÐµÐ½ÐºÑ ÑÐ²ÑÐ·Ð°Ð½Ð° Ñ ÑÐµÐ¼, ÑÑÐ¾ Ð¸Ð½Ð²ÐµÑÑÐ¾ÑÑ Ð½Ðµ Ð² Ð¿Ð¾Ð»Ð½Ð¾Ð¹ Ð¼ÐµÑÐµ Ð¾ÑÐµÐ½Ð¸Ð²Ð°ÑÑ Ð¿ÑÐµÐ¸Ð¼ÑÑÐµÑÑÐ²Ð° Ð¼Ð°ÑÑÑÐ°Ð±Ð° ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Ð² Ð¾Ð±ÐµÑÐ¿ÐµÑÐµÐ½Ð¸Ð¸ ÐºÐ¾Ð½ÐºÑÑÐµÐ½ÑÐ½Ð¾Ð³Ð¾ Ð¿ÑÐµÐ¸Ð¼ÑÑÐµÑÑÐ²Ð° Ð¸ Ð´Ð¾Ð»Ð³Ð¾ÑÑÐ¾ÑÐ½Ð¾Ð³Ð¾ ÑÐ¾ÑÑÐ°.
description: The topic of the final qualifying work: "Assessment of the financial condition of the international company KFC". This work is devoted to the analysis of the financial condition of the organization and the development of recommendations aimed at its improvement. The tasks that were solved during the study:- to consider the economic essence of the analysis of the financial condition;- to analyze the financial condition of KFC;- develop recommendations aimed at improving the financial condition. The work was carried out on the basis of KFC, which is part of Yum China Holdings, Inc., where a significant part of the factual material was collected: the company makes excellent long-term investments, because today it is the dominant fast food operator in China, with advantages of scale and brand loyalty that competitors cannot match. This allows the company to benefit from a very attractive economy at the unit level for new KFC units (payback period ~ 2 years, return on investment ~ 50%) and significant free space for the construction of new restaurants in cities of level 3-6. As a result, YUMC should be able to invest capital with high incremental returns for many years to come. In addition, YUMC is attractively valued compared to global restaurant companies, trading at a discount for many of them, despite faster growth. In addition to being a Chinese pure-play operator, which investors can treat with caution, I believe that the reason for the discount on the valuation is due to the fact that investors do not fully appreciate the advantages of the company's scale in providing competitive advantage and long-term growth.