Yum! Brands Valuation Stays High After Pizza Hut Sale

Yum! Brands is selling Pizza Hut for $2.7 billion to focus on Taco Bell and KFC. Taco Bell posted 8% same-store sales growth, while KFC managed 2%. The stock trades at a trailing GAAP P/E of 25.42 and price-to-sales of 5.17, requiring 21% levered FCF growth to justify the price.