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CHIPOTLE MEXICAN GRILL INC (CMG) Stock Fundamental Analysis

USA - NYSE:CMG - US1696561059 - Common Stock

39.81 USD
+0.14 (+0.35%)
Last: 9/18/2025, 8:04:00 PM
39.9314 USD
+0.12 (+0.3%)
After Hours: 9/18/2025, 8:04:00 PM
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 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.
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 has a better Return On Assets (16.64%) than 94.74% of its industry peers.
The Return On Equity of CMG (43.70%) is better than 90.98% of its industry peers.
CMG's Return On Invested Capital of 18.27% is amongst the best of the industry. CMG outperforms 90.23% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CMG is in line with the industry average of 15.68%.
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

Looking at the Profit Margin, with a value of 13.32%, CMG belongs to the top of the industry, outperforming 82.71% 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 73.68% of the companies in the same industry.
In the last couple of years the Operating Margin of CMG has grown nicely.
CMG has a Gross Margin of 31.11%. This is in the lower half of the industry: CMG underperforms 75.94% 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

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.
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 7.81 indicates that CMG is not in any danger for bankruptcy at the moment.
CMG's Altman-Z score of 7.81 is amongst the best of the industry. CMG outperforms 90.23% 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 7.81
ROIC/WACC2.06
WACC8.88%
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 1.65. 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 Current ratio of 1.65. This is in the better half of the industry: CMG outperforms 75.94% 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 has a better Quick ratio (1.62) than 78.95% 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.
The Revenue has been growing by 15.16% on average over the past years. This is quite good.
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 14.95% yearly.
Based on estimates for the next years, CMG will show a quite strong growth in Revenue. The Revenue will grow by 11.40% on average per year.
EPS Next Y8.98%
EPS Next 2Y12.86%
EPS Next 3Y14.39%
EPS Next 5Y14.95%
Revenue Next Year7.27%
Revenue Next 2Y9.91%
Revenue Next 3Y10.53%
Revenue Next 5Y11.4%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of 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

With a Price/Earnings ratio of 34.92, CMG can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of CMG is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.41. CMG is valued slightly more expensive when compared to this.
With a Price/Forward Earnings ratio of 27.72, CMG can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as CMG.
When comparing the Price/Forward Earnings ratio of CMG to the average of the S&P500 Index (22.88), we can say CMG is valued slightly more expensively.
Industry RankSector Rank
PE 34.92
Fwd PE 27.72
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

Based on the Enterprise Value to EBITDA ratio, CMG is valued a bit more expensive than the industry average as 70.68% of the companies are valued more cheaply.
CMG's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 36.42
EV/EBITDA 22.14
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.
A more expensive valuation may be justified as CMG's earnings are expected to grow with 14.39% in the coming years.
PEG (NY)3.89
PEG (5Y)1.09
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 (9/18/2025, 8:04:00 PM)

After market: 39.9314 +0.12 (+0.3%)

39.81

+0.14 (+0.35%)

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 Cap53.38B
Analysts82
Price Target59.58 (49.66%)
Short Float %1.78%
Short Ratio1.25
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)-1.54%
PT rev (3m)-0.66%
EPS NQ rev (1m)-0.43%
EPS NQ rev (3m)-0.49%
EPS NY rev (1m)0.29%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-1.18%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-0.85%
Valuation
Industry RankSector Rank
PE 34.92
Fwd PE 27.72
P/S 4.61
P/FCF 36.42
P/OCF 25.52
P/B 15.13
P/tB 15.22
EV/EBITDA 22.14
EPS(TTM)1.14
EY2.86%
EPS(NY)1.44
Fwd EY3.61%
FCF(TTM)1.09
FCFY2.75%
OCF(TTM)1.56
OCFY3.92%
SpS8.63
BVpS2.63
TBVpS2.61
PEG (NY)3.89
PEG (5Y)1.09
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 7.81
F-Score7
WACC8.88%
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 Y8.98%
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 Year7.27%
Revenue Next 2Y9.91%
Revenue Next 3Y10.53%
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%