Company Valuation: Chipotle Mexican Grill, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 49,188 38,463 62,765 82,227 48,924 42,407 - -
Change - -21.8% 63.18% 31.01% -40.5% -13.32% - -
Enterprise Value (EV) 1 48,372 38,079 62,204 81,479 48,574 41,968 41,910 41,930
Change - -21.28% 63.36% 30.99% -40.38% -13.6% -0.14% 0.05%
P/E ratio 76.3x 43.3x 51.6x 54.3x 32.5x 28.6x 23.8x 19.9x
PBR 21.7x 16.4x 20.7x 22.7x 17.5x 13.9x 12.1x 10.3x
PEG - 1.1x 1.3x 2.2x 12.03x ∞x 1.2x 1x
Capitalization / Revenue 6.52x 4.45x 6.36x 7.27x 4.1x 3.27x 2.94x 2.64x
EV / Revenue 6.41x 4.41x 6.3x 7.2x 4.07x 3.24x 2.91x 2.61x
EV / EBITDA 41.9x 26x 32.8x 36x 20.8x 18.1x 15.6x 13.6x
EV / EBIT 53.8x 32.3x 39.5x 42.2x 24.6x 21.9x 18.5x 15.9x
EV / FCF 57.6x 45.1x 50.9x 53.9x 33.6x 29.7x 25.5x 21.1x
FCF Yield 1.74% 2.22% 1.97% 1.86% 2.98% 3.37% 3.92% 4.73%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.458 0.6408 0.8868 1.11 1.14 1.14 1.368 1.64
Distribution rate - - - - - - - -
Net sales 1 7,547 8,635 9,872 11,314 11,926 12,959 14,400 16,085
EBITDA 1 1,153 1,464 1,896 2,265 2,333 2,316 2,692 3,081
EBIT 1 898.7 1,177 1,577 1,930 1,972 1,918 2,260 2,637
Net income 1 653 899.1 1,229 1,534 1,536 1,487 1,751 2,015
Net Debt 1 -815.4 -384 -560.6 -748.5 -350.5 -439.2 -496.5 -477
Reference price 2 34.96 27.75 45.74 60.30 37.00 32.56 32.56 32.56
Nbr of stocks (in thousands) 1,406,770 1,386,056 1,372,233 1,363,639 1,322,278 1,302,423 - -
Announcement Date 08/02/22 07/02/23 06/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.56x3.24x18.12x-.--% 42.41B
24.7x9.4x17.04x2.3% 230B
23.93x6.08x17.75x1.93% 43.8B
18.27x3.79x11.74x3.59% 24.98B
18.01x1.38x8.86x2.14% 18.44B
19.92x3.4x15.93x2% 13.32B
31.59x - - 0.73% 6.39B
41.4x7.76x22.4x0.68% 5.31B
15.63x1.57x6.61x5.16% 4B
63.48x2.02x13.82x-.--% 3.49B
Average 28.55x 4.29x 14.70x 1.85% 39.22B
Weighted average by Cap. 24.74x 7.22x 16.40x 2.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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