CHIPOTLE MEXICAN GRILL INC (CMG) Fundamental Analysis & Valuation

NYSE:CMG • US1696561059

Current stock price

32.86 USD
-0.64 (-1.91%)
Last:

This CMG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. CMG Profitability Analysis

1.1 Basic Checks

  • CMG had positive earnings in the past year.
  • CMG had a positive operating cash flow in the past year.
  • Each year in the past 5 years CMG has been profitable.
  • CMG had a positive operating cash flow in each of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 17.07%, CMG belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
  • With an excellent Return On Equity value of 54.26%, CMG belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 19.21%, CMG belongs to the best of the industry, outperforming 92.06% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for CMG is significantly above the industry average of 10.56%.
  • The last Return On Invested Capital (19.21%) for CMG is above the 3 year average (18.35%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 17.07%
ROE 54.26%
ROIC 19.21%
ROA(3y)16.34%
ROA(5y)14.36%
ROE(3y)45.45%
ROE(5y)40.55%
ROIC(3y)18.35%
ROIC(5y)16.21%
CMG Yearly ROA, ROE, ROICCMG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • CMG's Profit Margin of 12.88% is amongst the best of the industry. CMG outperforms 83.33% of its industry peers.
  • CMG's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 16.46%, CMG is doing good in the industry, outperforming 74.60% 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 (30.62%) than 76.19% of its industry peers.
  • In the last couple of years the Gross Margin of CMG has grown nicely.
Industry RankSector Rank
OM 16.46%
PM (TTM) 12.88%
GM 30.62%
OM growth 3Y6.36%
OM growth 5Y24.67%
PM growth 3Y7.34%
PM growth 5Y16.72%
GM growth 3Y1.59%
GM growth 5Y4.89%
CMG Yearly Profit, Operating, Gross MarginsCMG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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8

2. CMG Health Analysis

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.
  • Compared to 5 years ago, CMG has less shares outstanding
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B
CMG Yearly Total Debt VS Total AssetsCMG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 6.43 indicates that CMG is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.43, CMG belongs to the top of the industry, outperforming 91.27% 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 6.43
ROIC/WACC2.14
WACC8.99%
CMG Yearly LT Debt VS Equity VS FCFCMG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • CMG has a Current Ratio of 1.23. 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 1.23. This is in the better half of the industry: CMG outperforms 63.49% of its industry peers.
  • A Quick Ratio of 1.19 indicates that CMG should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.19, CMG is doing good in the industry, outperforming 65.08% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.23
Quick Ratio 1.19
CMG Yearly Current Assets VS Current LiabilitesCMG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. CMG Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 2.89% over the past year.
  • Measured over the past years, CMG shows a very strong growth in Earnings Per Share. The EPS has been growing by 40.17% on average per year.
  • Looking at the last year, CMG shows a small growth in Revenue. The Revenue has grown by 5.41% in the last year.
  • The Revenue has been growing by 14.79% on average over the past years. This is quite good.
EPS 1Y (TTM)2.89%
EPS 3Y20.93%
EPS 5Y40.17%
EPS Q2Q%0%
Revenue 1Y (TTM)5.41%
Revenue growth 3Y11.36%
Revenue growth 5Y14.79%
Sales Q2Q%4.86%

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 15.20% yearly.
  • CMG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.68% yearly.
EPS Next Y-0.68%
EPS Next 2Y8.89%
EPS Next 3Y12.22%
EPS Next 5Y15.2%
Revenue Next Year8.74%
Revenue Next 2Y9.87%
Revenue Next 3Y10.52%
Revenue Next 5Y10.68%

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 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B 25B
CMG Yearly EPS VS EstimatesCMG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3

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Find the best growth stocksShow best growing peers

2

4. CMG Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 28.33, CMG can be considered very expensive at the moment.
  • CMG's Price/Earnings ratio is in line with the industry average.
  • CMG is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.21, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 28.52, CMG can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Forward Earnings ratio as CMG.
  • CMG's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.13.
Industry RankSector Rank
PE 28.33
Fwd PE 28.52
CMG Price Earnings VS Forward Price EarningsCMG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 66.67% 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 29.56
EV/EBITDA 18.02
CMG Per share dataCMG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • 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 12.22% in the coming years.
PEG (NY)N/A
PEG (5Y)0.71
EPS Next 2Y8.89%
EPS Next 3Y12.22%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. CMG Dividend Analysis

5.1 Amount

  • No dividends for CMG!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

CMG Fundamentals: All Metrics, Ratios and Statistics

CHIPOTLE MEXICAN GRILL INC

NYSE:CMG (4/7/2026, 1:22:06 PM)

32.86

-0.64 (-1.91%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-03
Earnings (Next)04-29
Inst Owners91.07%
Inst Owner Change0%
Ins Owners0.27%
Ins Owner Change-10.51%
Market Cap42.80B
Revenue(TTM)11.93B
Net Income(TTM)1.54B
Analysts78.64
Price Target45.73 (39.17%)
Short Float %3.58%
Short Ratio2.63
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)1.88%
Min EPS beat(2)0.33%
Max EPS beat(2)3.43%
EPS beat(4)4
Avg EPS beat(4)1.55%
Min EPS beat(4)0.31%
Max EPS beat(4)3.43%
EPS beat(8)8
Avg EPS beat(8)4.1%
EPS beat(12)12
Avg EPS beat(12)5.23%
EPS beat(16)15
Avg EPS beat(16)3.7%
Revenue beat(2)0
Avg Revenue beat(2)-1.02%
Min Revenue beat(2)-1.69%
Max Revenue beat(2)-0.35%
Revenue beat(4)0
Avg Revenue beat(4)-2.01%
Min Revenue beat(4)-3.48%
Max Revenue beat(4)-0.35%
Revenue beat(8)2
Avg Revenue beat(8)-1.35%
Revenue beat(12)4
Avg Revenue beat(12)-1.07%
Revenue beat(16)4
Avg Revenue beat(16)-1.26%
PT rev (1m)0.26%
PT rev (3m)2.17%
EPS NQ rev (1m)-0.68%
EPS NQ rev (3m)-14.11%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.07%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-0.83%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-0.84%
Valuation
Industry RankSector Rank
PE 28.33
Fwd PE 28.52
P/S 3.59
P/FCF 29.56
P/OCF 20.25
P/B 15.12
P/tB 15.24
EV/EBITDA 18.02
EPS(TTM)1.16
EY3.53%
EPS(NY)1.15
Fwd EY3.51%
FCF(TTM)1.11
FCFY3.38%
OCF(TTM)1.62
OCFY4.94%
SpS9.16
BVpS2.17
TBVpS2.16
PEG (NY)N/A
PEG (5Y)0.71
Graham Number7.53
Profitability
Industry RankSector Rank
ROA 17.07%
ROE 54.26%
ROCE 25.15%
ROIC 19.21%
ROICexc 22.19%
ROICexgc 22.26%
OM 16.46%
PM (TTM) 12.88%
GM 30.62%
FCFM 12.14%
ROA(3y)16.34%
ROA(5y)14.36%
ROE(3y)45.45%
ROE(5y)40.55%
ROIC(3y)18.35%
ROIC(5y)16.21%
ROICexc(3y)21.98%
ROICexc(5y)19.42%
ROICexgc(3y)22.06%
ROICexgc(5y)19.49%
ROCE(3y)24.03%
ROCE(5y)21.22%
ROICexgc growth 3Y7.85%
ROICexgc growth 5Y30.13%
ROICexc growth 3Y7.89%
ROICexc growth 5Y30.18%
OM growth 3Y6.36%
OM growth 5Y24.67%
PM growth 3Y7.34%
PM growth 5Y16.72%
GM growth 3Y1.59%
GM growth 5Y4.89%
F-Score7
Asset Turnover1.33
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 184.39%
Cap/Sales 5.59%
Interest Coverage 250
Cash Conversion 90.93%
Profit Quality 94.26%
Current Ratio 1.23
Quick Ratio 1.19
Altman-Z 6.43
F-Score7
WACC8.99%
ROIC/WACC2.14
Cap/Depr(3y)179.04%
Cap/Depr(5y)175.59%
Cap/Sales(3y)5.5%
Cap/Sales(5y)5.59%
Profit Quality(3y)97.43%
Profit Quality(5y)102.95%
High Growth Momentum
Growth
EPS 1Y (TTM)2.89%
EPS 3Y20.93%
EPS 5Y40.17%
EPS Q2Q%0%
EPS Next Y-0.68%
EPS Next 2Y8.89%
EPS Next 3Y12.22%
EPS Next 5Y15.2%
Revenue 1Y (TTM)5.41%
Revenue growth 3Y11.36%
Revenue growth 5Y14.79%
Sales Q2Q%4.86%
Revenue Next Year8.74%
Revenue Next 2Y9.87%
Revenue Next 3Y10.52%
Revenue Next 5Y10.68%
EBIT growth 1Y1.03%
EBIT growth 3Y18.44%
EBIT growth 5Y43.1%
EBIT Next Year18.38%
EBIT Next 3Y16.14%
EBIT Next 5Y13.79%
FCF growth 1Y-4.23%
FCF growth 3Y19.7%
FCF growth 5Y37.88%
OCF growth 1Y0.42%
OCF growth 3Y16.9%
OCF growth 5Y26.07%

CHIPOTLE MEXICAN GRILL INC / CMG Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for CHIPOTLE MEXICAN GRILL INC?

ChartMill assigns a fundamental rating of 6 / 10 to CMG.


Can you provide the valuation status for CHIPOTLE MEXICAN GRILL INC?

ChartMill assigns a valuation rating of 2 / 10 to CHIPOTLE MEXICAN GRILL INC (CMG). This can be considered as Overvalued.


Can you provide the profitability details for CHIPOTLE MEXICAN GRILL INC?

CHIPOTLE MEXICAN GRILL INC (CMG) has a profitability rating of 9 / 10.


Can you provide the PE and PB ratios for CMG stock?

The Price/Earnings (PE) ratio for CHIPOTLE MEXICAN GRILL INC (CMG) is 28.33 and the Price/Book (PB) ratio is 15.12.