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CHIPOTLE MEXICAN GRILL INC (CMG) Stock Fundamental Analysis

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

42.52  -0.36 (-0.84%)

After market: 42.55 +0.03 (+0.07%)

Fundamental Rating

6

Taking everything into account, CMG scores 6 out of 10 in our fundamental rating. CMG was compared to 131 industry peers in the Hotels, Restaurants & Leisure industry. CMG gets an excellent profitability rating and is at the same time showing great financial health properties. 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

CMG had positive earnings in the past year.
In the past year CMG had a positive cash flow from operations.
CMG had positive earnings in each of the past 5 years.
Each year in the past 5 years CMG had a positive operating cash flow.
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 has a Return On Assets of 16.64%. This is amongst the best in the industry. CMG outperforms 95.42% of its industry peers.
The Return On Equity of CMG (43.70%) is better than 90.84% of its industry peers.
CMG has a better Return On Invested Capital (18.27%) than 90.84% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CMG is in line with the industry average of 15.79%.
The 3 year average ROIC (16.89%) for CMG is below the current ROIC(18.27%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 16.64%
ROE 43.7%
ROIC 18.27%
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 better Profit Margin (13.32%) than 83.21% of its industry peers.
In the last couple of years the Profit Margin of CMG has grown nicely.
With a decent Operating Margin value of 16.88%, CMG is doing good in the industry, outperforming 74.05% of the companies in the same industry.
In the last couple of years the Operating Margin of CMG has grown nicely.
With a Gross Margin value of 31.11%, CMG is not doing good in the industry: 74.81% of the companies in the same industry are doing better.
CMG's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 16.88%
PM (TTM) 13.32%
GM 31.11%
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

CMG has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
CMG has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CMG has been reduced compared to 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

An Altman-Z score of 8.21 indicates that CMG is not in any danger for bankruptcy at the moment.
CMG has a Altman-Z score of 8.21. This is amongst the best in the industry. CMG outperforms 90.08% of its industry peers.
CMG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 8.21
ROIC/WACC2.06
WACC8.87%
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 1.65 indicates that CMG should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.65, CMG is in the better half of the industry, outperforming 77.86% of the companies in the same industry.
A Quick Ratio of 1.62 indicates that CMG should not have too much problems paying its short term obligations.
CMG has a better Quick ratio (1.62) than 79.39% of its industry peers.
Industry RankSector Rank
Current Ratio 1.65
Quick Ratio 1.62
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 9.43%, which is quite good.
Measured over the past years, CMG shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.99% on average per year.
Looking at the last year, CMG shows a quite strong growth in Revenue. The Revenue has grown by 8.57% in the last year.
Measured over the past years, CMG shows a quite strong growth in Revenue. The Revenue has been growing by 15.16% on average per year.
EPS 1Y (TTM)9.43%
EPS 3Y30.4%
EPS 5Y31.99%
EPS Q2Q%-2.94%
Revenue 1Y (TTM)8.57%
Revenue growth 3Y14.45%
Revenue growth 5Y15.16%
Sales Q2Q%3.04%

3.2 Future

CMG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.83% yearly.
The Revenue is expected to grow by 12.64% on average over the next years. This is quite good.
EPS Next Y8.67%
EPS Next 2Y13.28%
EPS Next 3Y14.81%
EPS Next 5Y17.83%
Revenue Next Year7.45%
Revenue Next 2Y10.05%
Revenue Next 3Y10.69%
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

Based on the Price/Earnings ratio of 37.30, the valuation of CMG can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of CMG is on the same level as its industry peers.
CMG is valuated rather expensively when we compare the Price/Earnings ratio to 26.82, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 29.39 indicates a quite expensive valuation of CMG.
The rest of the industry has a similar Price/Forward Earnings ratio as CMG.
CMG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 37.3
Fwd PE 29.39
CMG Price Earnings VS Forward Price EarningsCMG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CMG is valued a bit more expensive than 71.76% of the companies in the same industry.
CMG's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 38.89
EV/EBITDA 23.8
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 14.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.3
PEG (5Y)1.17
EPS Next 2Y13.28%
EPS Next 3Y14.81%

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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 (8/1/2025, 8:04:00 PM)

After market: 42.55 +0.03 (+0.07%)

42.52

-0.36 (-0.84%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)07-23 2025-07-23/amc
Earnings (Next)10-27 2025-10-27/amc
Inst Owners89.97%
Inst Owner Change-0.08%
Ins Owners0.34%
Ins Owner Change0.28%
Market Cap57.01B
Analysts81.5
Price Target60.84 (43.09%)
Short Float %2.04%
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)1.22%
Min EPS beat(2)0.31%
Max EPS beat(2)2.13%
EPS beat(4)4
Avg EPS beat(4)2.36%
Min EPS beat(4)0.31%
Max EPS beat(4)5.96%
EPS beat(8)8
Avg EPS beat(8)5.1%
EPS beat(12)11
Avg EPS beat(12)4.46%
EPS beat(16)15
Avg EPS beat(16)4.4%
Revenue beat(2)0
Avg Revenue beat(2)-3.01%
Min Revenue beat(2)-3.48%
Max Revenue beat(2)-2.53%
Revenue beat(4)0
Avg Revenue beat(4)-2.22%
Min Revenue beat(4)-3.48%
Max Revenue beat(4)-1.07%
Revenue beat(8)3
Avg Revenue beat(8)-1.2%
Revenue beat(12)4
Avg Revenue beat(12)-1.3%
Revenue beat(16)4
Avg Revenue beat(16)-1.2%
PT rev (1m)1.65%
PT rev (3m)-4.4%
EPS NQ rev (1m)-0.12%
EPS NQ rev (3m)-7.68%
EPS NY rev (1m)0.02%
EPS NY rev (3m)-4.98%
Revenue NQ rev (1m)-1.15%
Revenue NQ rev (3m)-3.38%
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-3.26%
Valuation
Industry RankSector Rank
PE 37.3
Fwd PE 29.39
P/S 4.92
P/FCF 38.89
P/OCF 27.26
P/B 16.16
P/tB 16.26
EV/EBITDA 23.8
EPS(TTM)1.14
EY2.68%
EPS(NY)1.45
Fwd EY3.4%
FCF(TTM)1.09
FCFY2.57%
OCF(TTM)1.56
OCFY3.67%
SpS8.63
BVpS2.63
TBVpS2.61
PEG (NY)4.3
PEG (5Y)1.17
Profitability
Industry RankSector Rank
ROA 16.64%
ROE 43.7%
ROCE 24.02%
ROIC 18.27%
ROICexc 22.56%
ROICexgc 22.64%
OM 16.88%
PM (TTM) 13.32%
GM 31.11%
FCFM 12.66%
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 Turnover1.25
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 180.67%
Cap/Sales 5.41%
Interest Coverage 250
Cash Conversion 90.9%
Profit Quality 95.07%
Current Ratio 1.65
Quick Ratio 1.62
Altman-Z 8.21
F-Score7
WACC8.87%
ROIC/WACC2.06
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)9.43%
EPS 3Y30.4%
EPS 5Y31.99%
EPS Q2Q%-2.94%
EPS Next Y8.67%
EPS Next 2Y13.28%
EPS Next 3Y14.81%
EPS Next 5Y17.83%
Revenue 1Y (TTM)8.57%
Revenue growth 3Y14.45%
Revenue growth 5Y15.16%
Sales Q2Q%3.04%
Revenue Next Year7.45%
Revenue Next 2Y10.05%
Revenue Next 3Y10.69%
Revenue Next 5Y12.64%
EBIT growth 1Y7.95%
EBIT growth 3Y32.8%
EBIT growth 5Y32.3%
EBIT Next Year27.17%
EBIT Next 3Y19.39%
EBIT Next 5Y16.81%
FCF growth 1Y17.2%
FCF growth 3Y21.65%
FCF growth 5Y31.27%
OCF growth 1Y16.79%
OCF growth 3Y17.97%
OCF growth 5Y23.88%