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CHIPOTLE MEXICAN GRILL INC (CMG) Stock Fundamental Analysis

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

51.13  -1.37 (-2.61%)

Premarket: 51.2 +0.07 (+0.14%)

Fundamental Rating

6

CMG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 133 industry peers in the Hotels, Restaurants & Leisure industry. Both the health and profitability get an excellent rating, making CMG a very profitable company, without any liquidiy or solvency issues. CMG is valued quite expensive, but it does show an excellent growth. This makes CMG very considerable 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.
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

The Return On Assets of CMG (17.26%) is better than 94.74% of its industry peers.
Looking at the Return On Equity, with a value of 44.73%, CMG belongs to the top of the industry, outperforming 91.73% of the companies in the same industry.
CMG's Return On Invested Capital of 18.96% is amongst the best of the industry. CMG outperforms 90.98% of its industry peers.
CMG had an Average Return On Invested Capital over the past 3 years of 16.89%. This is above the industry average of 13.97%.
The last Return On Invested Capital (18.96%) for CMG is above the 3 year average (16.89%), which is a sign of increasing profitability.
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

With an excellent Profit Margin value of 13.59%, CMG belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
In the last couple of years the Profit Margin of CMG has grown nicely.
CMG has a Operating Margin of 17.25%. This is in the better half of the industry: CMG outperforms 73.68% of its industry peers.
In the last couple of years the Operating Margin of CMG has grown nicely.
With a Gross Margin value of 31.40%, CMG is not doing good in the industry: 75.94% of the companies in the same industry are doing better.
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

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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.
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 9.72 indicates that CMG is not in any danger for bankruptcy at the moment.
CMG has a Altman-Z score of 9.72. This is amongst the best in the industry. CMG outperforms 95.49% 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 9.72
ROIC/WACC2.05
WACC9.24%
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

CMG has a Current Ratio of 1.52. 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 Current ratio (1.52) than 74.44% of its industry peers.
A Quick Ratio of 1.48 indicates that CMG should not have too much problems paying its short term obligations.
CMG's Quick ratio of 1.48 is fine compared to the rest of the industry. CMG outperforms 75.94% 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.
The Earnings Per Share has been growing by 31.99% on average over the past years. This is a very strong growth
The Revenue has grown by 12.57% in the past year. This is quite good.
The Revenue has been growing by 15.16% on average over the past years. This is quite good.
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

Based on estimates for the next years, CMG will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.64% on average per year.
The Revenue is expected to grow by 12.67% on average over the next years. This is quite good.
EPS Next Y8.84%
EPS Next 2Y13.5%
EPS Next 3Y15.25%
EPS Next 5Y17.64%
Revenue Next Year8.19%
Revenue Next 2Y10.43%
Revenue Next 3Y11.1%
Revenue Next 5Y12.67%

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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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 44.46 indicates a quite expensive valuation of CMG.
Compared to the rest of the industry, the Price/Earnings ratio of CMG is on the same level as its industry peers.
When comparing the Price/Earnings ratio of CMG to the average of the S&P500 Index (26.53), we can say CMG is valued expensively.
A Price/Forward Earnings ratio of 35.21 indicates a quite expensive valuation of CMG.
Based on the Price/Forward Earnings ratio, CMG is valued a bit more expensive than the industry average as 60.15% of the companies are valued more cheaply.
CMG's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.27.
Industry RankSector Rank
PE 44.46
Fwd PE 35.21
CMG Price Earnings VS Forward Price EarningsCMG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

74.44% of the companies in the same industry are cheaper than CMG, based on the Enterprise Value to EBITDA ratio.
CMG's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 46.32
EV/EBITDA 28.78
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 15.25% in the coming years.
PEG (NY)5.03
PEG (5Y)1.39
EPS Next 2Y13.5%
EPS Next 3Y15.25%

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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 (6/9/2025, 8:20:08 PM)

Premarket: 51.2 +0.07 (+0.14%)

51.13

-1.37 (-2.61%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-22 2025-07-22/amc
Inst Owners87.62%
Inst Owner Change1.54%
Ins Owners0.37%
Ins Owner Change0.41%
Market Cap68.89B
Analysts82.05
Price Target59.97 (17.29%)
Short Float %2.34%
Short Ratio2.29
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)-5.76%
PT rev (3m)-10.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.83%
EPS NY rev (1m)-4.83%
EPS NY rev (3m)-6.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.14%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-3.22%
Valuation
Industry RankSector Rank
PE 44.46
Fwd PE 35.21
P/S 6
P/FCF 46.32
P/OCF 32.92
P/B 19.73
P/tB 19.86
EV/EBITDA 28.78
EPS(TTM)1.15
EY2.25%
EPS(NY)1.45
Fwd EY2.84%
FCF(TTM)1.1
FCFY2.16%
OCF(TTM)1.55
OCFY3.04%
SpS8.53
BVpS2.59
TBVpS2.57
PEG (NY)5.03
PEG (5Y)1.39
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 9.72
F-Score7
WACC9.24%
ROIC/WACC2.05
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 Y8.84%
EPS Next 2Y13.5%
EPS Next 3Y15.25%
EPS Next 5Y17.64%
Revenue 1Y (TTM)12.57%
Revenue growth 3Y14.45%
Revenue growth 5Y15.16%
Sales Q2Q%6.42%
Revenue Next Year8.19%
Revenue Next 2Y10.43%
Revenue Next 3Y11.1%
Revenue Next 5Y12.67%
EBIT growth 1Y18.89%
EBIT growth 3Y32.8%
EBIT growth 5Y32.3%
EBIT Next Year27.17%
EBIT Next 3Y19.39%
EBIT Next 5Y16.41%
FCF growth 1Y49.93%
FCF growth 3Y21.65%
FCF growth 5Y31.27%
OCF growth 1Y39.97%
OCF growth 3Y17.97%
OCF growth 5Y23.88%