1 / 20

McDonald's: One World, One Burger

This investment summary provides an overview of McDonald's, including industry analysis, company performance, and financial outlook. With a focus on geographic growth and cost management, McDonald's is poised for continued success in the global fast food market.

buttars
Télécharger la présentation

McDonald's: One World, One Burger

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “One world, One Burger” McDonald’s Presented: October 13, 2011 Layla LiangGina huangthanh lenan liang

  2. Investment Summary Industry Overview Company Overview Comparable Analysis DCF Analysis Recommendation AGENDA

  3. Purchase 200 shares in March 2009 @ price $52.44 Investment Summary (MCD)

  4. Unrealized capital gain of 70.31% Current Price $89.31 Investment Summary (MCD)

  5. MCD Growth VS GDP Growth

  6. Industry Overview -Characteristics

  7. Industry Overview -Concentration The top four players are expected to have a low market share of under 35% in 2010.

  8. Industry Overview -Key external drivers

  9. Industry Overview -Costs Structure

  10. Profitability MCD VS Industry

  11. Margin MCD VS Industry

  12. Products: Hamburgers; Chicken sandwiches; Salads; Soft drinks and Desserts. 32,737 restaurants in 117 countries 26,338(80.72%) were franchisee and affiliate operated stores - Initial investment fees - Royalties 6,339 (19.28%) company operated stores Company Overview

  13. Five-Step DuPont Analysis Five-Step DuPont Analysis

  14. Five-Step DuPont Analysis

  15. Geographic Growth

  16. Geographic Growth Drivers

  17. US: • Store remodel (new POS system) • Menu redesign under recession • Europe: • Dominance • APMEA: • Food and labor inflation (WSJ) • Not as much presence as Yum Brands Qualitative outlook

  18. COGS up 4-4.5% in US and Europe SGA expenses down 2% Interest expense up 8-10% (net issuances of $787 MM debt) CapEx $2.5 Bn, half invested in opening new restaurants and half in reinvesting in existing restaurants 10-Q Outlook for full year 2011

  19. Valuation

  20. Recommendation

More Related