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CHIPOTLE MEXICAN GRILL INC (CMG) Stock Fundamental Analysis

NYSE:CMG - New York Stock Exchange, Inc. - US1696561059 - Common Stock - Currency: USD

56.15  +1.1 (+2%)

Premarket: 56.11 -0.04 (-0.07%)

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to CMG. CMG was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. CMG has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. CMG is valued quite expensively, but it does show have an excellent growth rating. With these ratings, CMG could be worth investigating further for growth and quality investing!.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year CMG was profitable.
In the past year CMG had a positive cash flow from operations.
Each year in the past 5 years CMG has been profitable.
In the past 5 years CMG always reported a positive cash flow from operatings.
CMG Yearly Net Income VS EBIT VS OCF VS FCFCMG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

1.2 Ratios

CMG's Return On Assets of 17.26% is amongst the best of the industry. CMG outperforms 95.49% of its industry peers.
CMG's Return On Equity of 44.73% is amongst the best of the industry. CMG outperforms 91.73% of its industry peers.
With an excellent Return On Invested Capital value of 18.96%, CMG belongs to the best of the industry, outperforming 91.73% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CMG is above the industry average of 13.81%.
The 3 year average ROIC (16.89%) for CMG is below the current ROIC(18.96%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 17.26%
ROE 44.73%
ROIC 18.96%
ROA(3y)14.97%
ROA(5y)12.14%
ROE(3y)40.02%
ROE(5y)33.22%
ROIC(3y)16.89%
ROIC(5y)13.28%
CMG Yearly ROA, ROE, ROICCMG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

CMG has a Profit Margin of 13.59%. This is amongst the best in the industry. CMG outperforms 84.21% of its industry peers.
In the last couple of years the Profit Margin of CMG has grown nicely.
CMG has a better Operating Margin (17.25%) than 73.68% of its industry peers.
In the last couple of years the Operating Margin of CMG has grown nicely.
Looking at the Gross Margin, with a value of 31.40%, CMG is doing worse than 74.44% of the companies in the same industry.
In the last couple of years the Gross Margin of CMG has grown nicely.
Industry RankSector Rank
OM 17.25%
PM (TTM) 13.59%
GM 31.4%
OM growth 3Y16.04%
OM growth 5Y14.88%
PM growth 3Y16.16%
PM growth 5Y16.69%
GM growth 3Y3.22%
GM growth 5Y2.96%
CMG Yearly Profit, Operating, Gross MarginsCMG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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8

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CMG is creating value.
The number of shares outstanding for CMG has been reduced compared to 1 year ago.
CMG has less shares outstanding than it did 5 years ago.
There is no outstanding debt for CMG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
CMG Yearly Shares OutstandingCMG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
CMG Yearly Total Debt VS Total AssetsCMG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

CMG has an Altman-Z score of 10.46. This indicates that CMG is financially healthy and has little risk of bankruptcy at the moment.
CMG's Altman-Z score of 10.46 is amongst the best of the industry. CMG outperforms 96.24% of its industry peers.
There is no outstanding debt for CMG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 10.46
ROIC/WACC2.12
WACC8.93%
CMG Yearly LT Debt VS Equity VS FCFCMG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.52 indicates that CMG should not have too much problems paying its short term obligations.
CMG's Current ratio of 1.52 is fine compared to the rest of the industry. CMG outperforms 75.19% of its industry peers.
CMG has a Quick Ratio of 1.48. This is a normal value and indicates that CMG is financially healthy and should not expect problems in meeting its short term obligations.
CMG has a better Quick ratio (1.48) than 77.44% of its industry peers.
Industry RankSector Rank
Current Ratio 1.52
Quick Ratio 1.48
CMG Yearly Current Assets VS Current LiabilitesCMG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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7

3. Growth

3.1 Past

CMG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.44%, which is quite impressive.
CMG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.99% yearly.
Looking at the last year, CMG shows a quite strong growth in Revenue. The Revenue has grown by 12.57% in the last year.
CMG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.16% yearly.
EPS 1Y (TTM)20.44%
EPS 3Y30.4%
EPS 5Y31.99%
EPS Q2Q%8.45%
Revenue 1Y (TTM)12.57%
Revenue growth 3Y14.45%
Revenue growth 5Y15.16%
Sales Q2Q%6.42%

3.2 Future

The Earnings Per Share is expected to grow by 17.83% on average over the next years. This is quite good.
The Revenue is expected to grow by 12.64% on average over the next years. This is quite good.
EPS Next Y8.64%
EPS Next 2Y13.3%
EPS Next 3Y14.78%
EPS Next 5Y17.83%
Revenue Next Year8.18%
Revenue Next 2Y10.43%
Revenue Next 3Y11.03%
Revenue Next 5Y12.64%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
CMG Yearly Revenue VS EstimatesCMG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 10B 20B 30B
CMG Yearly EPS VS EstimatesCMG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1 2 3 4

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 48.83 indicates a quite expensive valuation of CMG.
CMG's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.15. CMG is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 38.80 indicates a quite expensive valuation of CMG.
CMG's Price/Forward Earnings is on the same level as the industry average.
CMG is valuated expensively when we compare the Price/Forward Earnings ratio to 21.60, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 48.83
Fwd PE 38.8
CMG Price Earnings VS Forward Price EarningsCMG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CMG indicates a slightly more expensive valuation: CMG is more expensive than 74.44% of the companies listed in the same industry.
CMG's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 50.87
EV/EBITDA 31.69
CMG Per share dataCMG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of CMG may justify a higher PE ratio.
CMG's earnings are expected to grow with 14.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.65
PEG (5Y)1.53
EPS Next 2Y13.3%
EPS Next 3Y14.78%

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0

5. Dividend

5.1 Amount

No dividends for CMG!.
Industry RankSector Rank
Dividend Yield N/A

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CHIPOTLE MEXICAN GRILL INC

NYSE:CMG (6/30/2025, 8:04:00 PM)

Premarket: 56.11 -0.04 (-0.07%)

56.15

+1.1 (+2%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-23 2025-07-23/amc
Inst Owners89.97%
Inst Owner Change1.54%
Ins Owners0.34%
Ins Owner Change1.28%
Market Cap75.65B
Analysts82.05
Price Target59.85 (6.59%)
Short Float %1.87%
Short Ratio1.9
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.59%
Min EPS beat(2)1.04%
Max EPS beat(2)2.13%
EPS beat(4)4
Avg EPS beat(4)3.85%
Min EPS beat(4)1.04%
Max EPS beat(4)6.24%
EPS beat(8)8
Avg EPS beat(8)5.27%
EPS beat(12)11
Avg EPS beat(12)4.59%
EPS beat(16)15
Avg EPS beat(16)5.21%
Revenue beat(2)0
Avg Revenue beat(2)-2.27%
Min Revenue beat(2)-3.48%
Max Revenue beat(2)-1.07%
Revenue beat(4)1
Avg Revenue beat(4)-1.56%
Min Revenue beat(4)-3.48%
Max Revenue beat(4)0.1%
Revenue beat(8)3
Avg Revenue beat(8)-1.06%
Revenue beat(12)4
Avg Revenue beat(12)-1.28%
Revenue beat(16)4
Avg Revenue beat(16)-1.07%
PT rev (1m)-0.56%
PT rev (3m)-10.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.63%
EPS NY rev (1m)-0.19%
EPS NY rev (3m)-6.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.14%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-3.23%
Valuation
Industry RankSector Rank
PE 48.83
Fwd PE 38.8
P/S 6.59
P/FCF 50.87
P/OCF 36.15
P/B 21.67
P/tB 21.81
EV/EBITDA 31.69
EPS(TTM)1.15
EY2.05%
EPS(NY)1.45
Fwd EY2.58%
FCF(TTM)1.1
FCFY1.97%
OCF(TTM)1.55
OCFY2.77%
SpS8.53
BVpS2.59
TBVpS2.57
PEG (NY)5.65
PEG (5Y)1.53
Profitability
Industry RankSector Rank
ROA 17.26%
ROE 44.73%
ROCE 24.92%
ROIC 18.96%
ROICexc 23.06%
ROICexgc 23.14%
OM 17.25%
PM (TTM) 13.59%
GM 31.4%
FCFM 12.95%
ROA(3y)14.97%
ROA(5y)12.14%
ROE(3y)40.02%
ROE(5y)33.22%
ROIC(3y)16.89%
ROIC(5y)13.28%
ROICexc(3y)20.4%
ROICexc(5y)16.1%
ROICexgc(3y)20.47%
ROICexgc(5y)16.17%
ROCE(3y)22.21%
ROCE(5y)17.46%
ROICexcg growth 3Y18.49%
ROICexcg growth 5Y16.8%
ROICexc growth 3Y18.54%
ROICexc growth 5Y16.87%
OM growth 3Y16.04%
OM growth 5Y14.88%
PM growth 3Y16.16%
PM growth 5Y16.69%
GM growth 3Y3.22%
GM growth 5Y2.96%
F-Score7
Asset Turnover1.27
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 178.68%
Cap/Sales 5.27%
Interest Coverage 250
Cash Conversion 90.18%
Profit Quality 95.25%
Current Ratio 1.52
Quick Ratio 1.48
Altman-Z 10.46
F-Score7
WACC8.93%
ROIC/WACC2.12
Cap/Depr(3y)173.27%
Cap/Depr(5y)170.01%
Cap/Sales(3y)5.49%
Cap/Sales(5y)5.72%
Profit Quality(3y)97.3%
Profit Quality(5y)100.43%
High Growth Momentum
Growth
EPS 1Y (TTM)20.44%
EPS 3Y30.4%
EPS 5Y31.99%
EPS Q2Q%8.45%
EPS Next Y8.64%
EPS Next 2Y13.3%
EPS Next 3Y14.78%
EPS Next 5Y17.83%
Revenue 1Y (TTM)12.57%
Revenue growth 3Y14.45%
Revenue growth 5Y15.16%
Sales Q2Q%6.42%
Revenue Next Year8.18%
Revenue Next 2Y10.43%
Revenue Next 3Y11.03%
Revenue Next 5Y12.64%
EBIT growth 1Y18.89%
EBIT growth 3Y32.8%
EBIT growth 5Y32.3%
EBIT Next Year27.17%
EBIT Next 3Y19.39%
EBIT Next 5Y16.81%
FCF growth 1Y49.93%
FCF growth 3Y21.65%
FCF growth 5Y31.27%
OCF growth 1Y39.97%
OCF growth 3Y17.97%
OCF growth 5Y23.88%