McDonald's: Finally Back In The Fair-Value Zone
By Osman Gulseven:McDonald's (MCD) is the largest fastest food chain in the world, operating in more than 117 countries. Its restaurants are either directly operated by the company, or by franchisees. The company has one of the strongest brand images in the world. It is growing at a rapid pace in developing countries, particularly in China, and the ex-Soviet Union States. Thanks to this rapid expansion, its earnings increased by about 18% annually in the last 5 years. The shareholders were also well rewarded in the same period. McDonald's provided an annual return of 15% in the last 5 years, which is a great success for a company of its size.As of the time of writing, McDonald's stock was trading at $91 with a 52-week range of $80 - $102. The company has a market cap of $92.7 billion. Trailing twelve month [ttm] P/E ratio is 17, and forward P/E ratioComplete Story »
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