CMG - Chipotle Mexican Grill, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$45.37
DETAILS
HIGH:
$55.00
LOW:
$35.00
MEDIAN:
$45.00
CONSENSUS:
$45.37
UPSIDE:
13.54%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 11,313.9 | 9,871.6 | 8,634.7 | 7,547.1 | 5,984.6 | 5,586.4 | 4,865.0 | 4,476.4 | 3,904.4 | 4,501.2 |
| Cost of Revenue | 8,296.2 | 7,285.6 | 6,572.5 | 5,840.1 | 4,943.6 | 4,443.9 | 3,954.0 | 3,720.2 | 3,406.2 | 3,326.9 |
| Gross Profit | 3,017.7 | 2,586.1 | 2,062.1 | 1,707.0 | 1,041.1 | 1,142.5 | 911.0 | 756.2 | 498.2 | 1,174.3 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 697.5 | 633.6 | 564.2 | 606.9 | 466.3 | 451.6 | 375.5 | 296.4 | 276.2 | 250.2 |
| Other Expenses | 403.9 | 394.7 | 337.5 | 295.2 | 284.6 | 247.0 | 277.2 | 189.0 | 187.4 | 160.5 |
| Operating Expenses | 1,101.4 | 1,028.3 | 901.7 | 902.1 | 750.9 | 698.5 | 652.6 | 485.4 | 463.6 | 410.7 |
| Operating Income | ||||||||||
| Operating Income | 1,916.3 | 1,557.8 | 1,160.4 | 804.9 | 290.2 | 444.0 | 258.4 | 270.8 | 34.6 | 763.6 |
| Interest Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Income | 93.9 | 62.7 | 21.1 | 7.8 | 3.6 | 14.3 | 10.1 | 4.9 | 3.6 | 6.3 |
| Profitability | ||||||||||
| EBITDA | 2,320.2 | 1,952.5 | 1,497.9 | 1,100.2 | 574.8 | 690.9 | 535.5 | 459.8 | 222.0 | 924.1 |
| EBIT | 1,985.2 | 1,633.1 | 1,211.1 | 845.5 | 336.3 | 478.2 | 333.6 | 296.5 | 75.6 | 793.7 |
| Income Before Tax | 2,010.2 | 1,620.5 | 1,181.5 | 812.8 | 293.8 | 458.3 | 268.4 | 275.7 | 38.7 | 769.9 |
| Income Tax Expense | 476.1 | 391.8 | 282.4 | 159.8 | (62.0) | 108.1 | 91.9 | 99.5 | 15.8 | 294.3 |
| Net Income | 1,534.1 | 1,228.7 | 899.1 | 653.0 | 355.8 | 350.2 | 176.6 | 176.3 | 22.9 | 475.6 |
| Per Share Data | ||||||||||
| EPS (Basic) | 1.12 | 0.89 | 0.65 | 0.46 | 0.25 | 0.25 | 0.13 | 0.12 | 0.02 | 0.31 |
| EPS (Diluted) | 1.11 | 0.89 | 0.64 | 0.46 | 0.25 | 0.25 | 0.13 | 0.12 | 0.02 | 0.30 |
| Shares Outstanding | 1,368.3 | 1,377.8 | 1,392.5 | 1,406.6 | 1,395.8 | 1,387.0 | 1,391.2 | 1,424.5 | 1,463.2 | 1,554.6 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 748.5 | 560.6 | 384.0 | 815.4 | 608.0 | 480.6 | 250.0 | 184.6 | 87.9 | 248.0 |
| Short-Term Investments | 674.4 | 734.8 | 515.1 | 260.9 | 343.6 | 400.2 | 426.8 | 324.4 | 329.8 | 415.2 |
| Net Receivables | 211.2 | 168.5 | 154.6 | 193.7 | 387.3 | 108.2 | 62.3 | 49.8 | 45.6 | 38.3 |
| Inventory | 48.9 | 39.3 | 35.7 | 32.8 | 26.4 | 26.1 | 21.6 | 19.9 | 15.0 | 15.0 |
| Other Current Assets | 17.3 | 19.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 58.2 |
| Total Current Assets | 1,780.6 | 1,620.7 | 1,175.8 | 1,381.6 | 1,420.2 | 1,072.2 | 814.8 | 629.5 | 522.4 | 814.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 6,390.3 | 5,748.6 | 5,253.5 | 4,887.6 | 4,351.5 | 3,964.2 | 1,379.3 | 1,338.4 | 1,303.6 | 1,217.2 |
| Goodwill | 21.9 | 21.9 | 21.9 | 21.9 | 21.9 | 21.9 | 21.9 | 21.9 | 21.9 | 21.9 |
| Intangible Assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Long-Term Investments | 868.0 | 564.5 | 388.1 | 274.3 | 102.3 | 0.0 | 0.0 | 0.0 | 125.1 | 622.9 |
| Other Non-Current Assets | 143.6 | 88.6 | 88.1 | 87.6 | 86.9 | 46.3 | 49.5 | 55.9 | 53.2 | 48.3 |
| Total Non-Current Assets | 7,423.8 | 6,423.6 | 5,751.7 | 5,271.4 | 4,562.7 | 4,032.4 | 1,450.7 | 1,416.2 | 1,503.7 | 1,910.4 |
| Total Assets | 9,204.4 | 8,044.4 | 6,927.5 | 6,653.0 | 5,982.9 | 5,104.6 | 2,265.5 | 2,045.7 | 2,026.1 | 2,725.1 |
| Current Liabilities | ||||||||||
| Account Payables | 210.7 | 197.6 | 184.6 | 163.2 | 122.0 | 115.8 | 113.1 | 82.0 | 78.4 | 85.7 |
| Short-Term Debt | 277.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Revenue | 238.6 | 209.7 | 183.1 | 156.4 | 127.8 | 95.2 | 70.5 | 63.6 | 59.4 | 0.0 |
| Other Current Liabilities | 132.5 | 30.2 | 0.0 | 48.1 | 51.2 | 45.7 | 4.7 | 0.0 | 0.0 | 76.2 |
| Total Current Liabilities | 1,168.8 | 1,030.6 | 921.9 | 873.7 | 822.2 | 666.6 | 450.0 | 323.9 | 281.8 | 279.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Tax Liabilities | 46.2 | 89.1 | 98.6 | 141.8 | 149.4 | 37.8 | 11.6 | 0.8 | 18.9 | 0.0 |
| Other Non-Current Liabilities | 71.1 | 58.9 | 43.8 | 38.5 | 38.8 | 38.8 | 362.6 | 356.5 | 322.9 | 314.1 |
| Total Non-Current Liabilities | 4,380.1 | 3,951.5 | 3,637.6 | 3,481.9 | 3,140.6 | 2,755.0 | 374.2 | 357.4 | 341.8 | 317.1 |
| Total Liabilities | 5,548.8 | 4,982.2 | 4,559.5 | 4,355.6 | 3,962.8 | 3,421.6 | 824.2 | 681.2 | 623.6 | 597.1 |
| Stockholders' Equity | ||||||||||
| Common Stock | 13.6 | 18.7 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| Retained Earnings | 1,574.2 | 6,057.0 | 4,828.2 | 3,929.1 | 3,276.2 | 2,921.4 | 2,573.6 | 2,397.1 | 2,220.8 | 2,197.9 |
| Accumulated Other Comprehensive Income | (10.3) | (6.7) | (7.9) | (5.4) | (4.2) | (5.4) | (6.2) | (3.7) | (8.2) | (8.3) |
| Total Stockholders' Equity | 3,655.5 | 3,062.2 | 2,368.0 | 2,297.4 | 2,020.1 | 1,683.0 | 1,441.3 | 1,364.4 | 1,402.5 | 2,128.0 |
| Total Liabilities & Equity | 9,204.4 | 8,044.4 | 6,927.5 | 6,653.0 | 5,982.9 | 5,104.6 | 2,265.5 | 2,045.7 | 2,026.1 | 2,725.1 |
| Debt Metrics | ||||||||||
| Total Debt | 4,540.6 | 4,051.6 | 3,731.4 | 3,520.3 | 3,157.1 | 2,851.5 | 0.0 | 0.0 | 0.0 | 3.1 |
| Net Debt | 3,792.1 | 3,491.0 | 3,347.4 | 2,704.9 | 2,549.1 | 2,370.9 | (250.0) | (184.6) | (87.9) | (244.9) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,534.1 | 1,228.7 | 899.1 | 653.0 | 355.8 | 350.2 | 176.6 | 176.3 | 22.9 | 475.6 |
| Depreciation & Amortization | 335.0 | 319.4 | 286.8 | 254.7 | 423.1 | 376.7 | 202.0 | 163.3 | 146.4 | 130.4 |
| Stock-Based Compensation | 131.7 | 124.0 | 98.0 | 176.4 | 82.6 | 91.4 | 69.2 | 65.3 | 64.2 | 57.9 |
| Change in Working Capital | 125.8 | 95.3 | 78.6 | 197.4 | (338.6) | (131.5) | 104.1 | 66.9 | 108.3 | 68.5 |
| Other Non-Cash Items | 21.3 | 25.5 | 3.8 | 13.0 | 32.7 | 4.8 | 59.2 | 13.3 | 21.7 | (60.7) |
| Operating Cash Flow | 2,105.1 | 1,783.5 | 1,323.2 | 1,282.1 | 663.8 | 721.6 | 621.6 | 467.1 | 349.2 | 683.3 |
| Investing Activities | ||||||||||
| Capital Expenditure | (593.6) | (560.7) | (479.2) | (442.5) | (373.4) | (333.9) | (287.4) | (216.8) | (258.8) | (257.4) |
| Acquisitions | 20.1 | 0.0 | 350.9 | 4.0 | (10.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases of Investments | (986.7) | (1,115.1) | (614.4) | (429.4) | (468.4) | (448.8) | (485.2) | (199.8) | 0.0 | (559.4) |
| Sales/Maturities of Investments | 722.6 | 729.9 | 263.5 | 345.7 | 419.1 | 476.7 | 385.0 | 330.0 | 585.6 | 352.6 |
| Other Investing Activities | 0.0 | 0.0 | (350.9) | 0.0 | 0.0 | 14.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Investing Cash Flow | (837.5) | (946.0) | (830.0) | (522.0) | (432.7) | (292.0) | (387.6) | (86.6) | 326.8 | (464.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Stock Repurchased | (1,001.6) | (592.3) | (830.1) | (466.5) | (54.4) | (190.6) | (160.9) | (285.2) | (837.7) | (460.7) |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | (72.1) | (68.3) | (99.3) | (82.1) | (50.5) | (0.7) | (5.6) | (0.7) | 1.4 | 74.2 |
| Financing Cash Flow | (1,073.7) | (660.7) | (929.4) | (548.6) | (104.9) | (201.7) | (166.5) | (285.9) | (836.3) | (386.4) |
| Cash Position | ||||||||||
| Net Change in Cash | 192.2 | 177.2 | (437.3) | 210.4 | 127.4 | 228.3 | 66.0 | 96.7 | (160.1) | (171.5) |
| Cash at Beginning | 586.2 | 409.0 | 846.2 | 635.8 | 508.5 | 280.2 | 214.2 | 87.9 | 248.0 | 419.5 |
| Cash at End | 778.4 | 586.2 | 409.0 | 846.2 | 635.8 | 508.5 | 280.2 | 184.6 | 87.9 | 248.0 |
| Free Cash Flow | 1,511.5 | 1,222.7 | 844.0 | 839.6 | 290.5 | 387.7 | 334.2 | 250.3 | 90.4 | 425.9 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 11,313.9 | 9,871.6 | 8,634.7 | 7,547.1 | 5,984.6 | 5,586.4 | 4,865.0 | 4,476.4 | 3,904.4 | 4,501.2 |
| Gross Profit | 3,017.7 | 2,586.1 | 2,062.1 | 1,707.0 | 1,041.1 | 1,142.5 | 911.0 | 756.2 | 498.2 | 1,174.3 |
| Operating Income | 1,916.3 | 1,557.8 | 1,160.4 | 804.9 | 290.2 | 444.0 | 258.4 | 270.8 | 34.6 | 763.6 |
| Net Income | 1,534.1 | 1,228.7 | 899.1 | 653.0 | 355.8 | 350.2 | 176.6 | 176.3 | 22.9 | 475.6 |
| EPS (Diluted) | 1.11 | 0.89 | 0.64 | 0.46 | 0.25 | 0.25 | 0.13 | 0.12 | 0.02 | 0.30 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 748.5 | 560.6 | 384.0 | 815.4 | 608.0 | 480.6 | 250.0 | 184.6 | 87.9 | 248.0 |
| Total Assets | 9,204.4 | 8,044.4 | 6,927.5 | 6,653.0 | 5,982.9 | 5,104.6 | 2,265.5 | 2,045.7 | 2,026.1 | 2,725.1 |
| Total Debt | 4,540.6 | 4,051.6 | 3,731.4 | 3,520.3 | 3,157.1 | 2,851.5 | 0.0 | 0.0 | 0.0 | 3.1 |
| Stockholders' Equity | 3,655.5 | 3,062.2 | 2,368.0 | 2,297.4 | 2,020.1 | 1,683.0 | 1,441.3 | 1,364.4 | 1,402.5 | 2,128.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 2,105.1 | 1,783.5 | 1,323.2 | 1,282.1 | 663.8 | 721.6 | 621.6 | 467.1 | 349.2 | 683.3 |
| Capital Expenditure | (593.6) | (560.7) | (479.2) | (442.5) | (373.4) | (333.9) | (287.4) | (216.8) | (258.8) | (257.4) |
| Free Cash Flow | 1,511.5 | 1,222.7 | 844.0 | 839.6 | 290.5 | 387.7 | 334.2 | 250.3 | 90.4 | 425.9 |