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CHIPOTLE MEXICAN GRILL INC (CMG) Stock Fundamental Analysis

USA - NYSE:CMG - US1696561059 - Common Stock

38.63 USD
-0.33 (-0.85%)
Last: 9/12/2025, 8:04:00 PM
38.67 USD
+0.04 (+0.1%)
After Hours: 9/12/2025, 8:04:00 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to CMG. CMG was compared to 134 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. These ratings would make CMG suitable 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.
CMG had a positive operating cash flow in the past year.
CMG had positive earnings in each of the past 5 years.
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 16.64% is amongst the best of the industry. CMG outperforms 94.78% of its industry peers.
CMG has a better Return On Equity (43.70%) than 91.04% of its industry peers.
The Return On Invested Capital of CMG (18.27%) is better than 90.30% 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 15.68%.
The last Return On Invested Capital (18.27%) for CMG is above the 3 year average (16.89%), which is a sign of increasing profitability.
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

Looking at the Profit Margin, with a value of 13.32%, CMG belongs to the top of the industry, outperforming 82.84% of the companies in the same industry.
In the last couple of years the Profit Margin of CMG has grown nicely.
Looking at the Operating Margin, with a value of 16.88%, CMG is in the better half of the industry, outperforming 73.88% of the companies in the same industry.
In the last couple of years the Operating Margin of CMG has grown nicely.
CMG has a worse Gross Margin (31.11%) than 75.37% of its industry peers.
In the last couple of years the Gross Margin of CMG has grown nicely.
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

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.
The number of shares outstanding for CMG has been reduced compared to 5 years ago.
CMG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 7.71 indicates that CMG is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 7.71, CMG belongs to the best of the industry, outperforming 88.81% of the companies in the same industry.
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 7.71
ROIC/WACC2.07
WACC8.81%
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.
CMG's Current ratio of 1.65 is fine compared to the rest of the industry. CMG outperforms 76.12% of its industry peers.
A Quick Ratio of 1.62 indicates that CMG should not have too much problems paying its short term obligations.
CMG's Quick ratio of 1.62 is fine compared to the rest of the industry. CMG outperforms 79.10% 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.
The Revenue has grown by 8.57% in the past year. This is quite good.
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)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

The Earnings Per Share is expected to grow by 14.95% on average over the next years. This is quite good.
The Revenue is expected to grow by 11.40% on average over the next years. This is quite good.
EPS Next Y8.98%
EPS Next 2Y12.86%
EPS Next 3Y14.39%
EPS Next 5Y14.95%
Revenue Next Year7.35%
Revenue Next 2Y9.94%
Revenue Next 3Y10.54%
Revenue Next 5Y11.4%

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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
CMG Yearly Revenue VS EstimatesCMG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5B 10B 15B 20B 25B
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

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 33.89, which means the current valuation is very expensive for CMG.
CMG's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of CMG to the average of the S&P500 Index (27.30), we can say CMG is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 26.90, the valuation of CMG can be described as expensive.
CMG's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of CMG to the average of the S&P500 Index (22.73), we can say CMG is valued inline with the index average.
Industry RankSector Rank
PE 33.89
Fwd PE 26.9
CMG Price Earnings VS Forward Price EarningsCMG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

68.66% of the companies in the same industry are cheaper than CMG, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as CMG.
Industry RankSector Rank
P/FCF 35.34
EV/EBITDA 21.73
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.
CMG has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CMG's earnings are expected to grow with 14.39% in the coming years.
PEG (NY)3.77
PEG (5Y)1.06
EPS Next 2Y12.86%
EPS Next 3Y14.39%

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0

5. Dividend

5.1 Amount

CMG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CHIPOTLE MEXICAN GRILL INC

NYSE:CMG (9/12/2025, 8:04:00 PM)

After market: 38.67 +0.04 (+0.1%)

38.63

-0.33 (-0.85%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)07-23 2025-07-23/amc
Earnings (Next)10-27 2025-10-27/amc
Inst Owners90.23%
Inst Owner Change-3.98%
Ins Owners0.33%
Ins Owner Change-6.25%
Market Cap51.80B
Analysts82
Price Target59.58 (54.23%)
Short Float %1.61%
Short Ratio1.24
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)-1.18%
PT rev (3m)0.24%
EPS NQ rev (1m)-0.12%
EPS NQ rev (3m)-7.79%
EPS NY rev (1m)0.29%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)-3.41%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.78%
Valuation
Industry RankSector Rank
PE 33.89
Fwd PE 26.9
P/S 4.47
P/FCF 35.34
P/OCF 24.76
P/B 14.68
P/tB 14.77
EV/EBITDA 21.73
EPS(TTM)1.14
EY2.95%
EPS(NY)1.44
Fwd EY3.72%
FCF(TTM)1.09
FCFY2.83%
OCF(TTM)1.56
OCFY4.04%
SpS8.63
BVpS2.63
TBVpS2.61
PEG (NY)3.77
PEG (5Y)1.06
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 7.71
F-Score7
WACC8.81%
ROIC/WACC2.07
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 Y8.98%
EPS Next 2Y12.86%
EPS Next 3Y14.39%
EPS Next 5Y14.95%
Revenue 1Y (TTM)8.57%
Revenue growth 3Y14.45%
Revenue growth 5Y15.16%
Sales Q2Q%3.04%
Revenue Next Year7.35%
Revenue Next 2Y9.94%
Revenue Next 3Y10.54%
Revenue Next 5Y11.4%
EBIT growth 1Y7.95%
EBIT growth 3Y32.8%
EBIT growth 5Y32.3%
EBIT Next Year27.22%
EBIT Next 3Y18.62%
EBIT Next 5Y16.36%
FCF growth 1Y17.2%
FCF growth 3Y21.65%
FCF growth 5Y31.27%
OCF growth 1Y16.79%
OCF growth 3Y17.97%
OCF growth 5Y23.88%