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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt No Debt
CMG's Cash to Debt is ranked higher than
98% of the 286 Companies
in the Global Restaurants industry.

( Industry Median: 0.67 vs. CMG: No Debt )
Ranked among companies with meaningful Cash to Debt only.
CMG' s 10-Year Cash to Debt Range
Min: 0.42  Med: 2111.04 Max: No Debt
Current: No Debt
Equity to Asset 0.80
CMG's Equity to Asset is ranked higher than
92% of the 282 Companies
in the Global Restaurants industry.

( Industry Median: 0.50 vs. CMG: 0.80 )
Ranked among companies with meaningful Equity to Asset only.
CMG' s 10-Year Equity to Asset Range
Min: 0.72  Med: 0.77 Max: 0.8
Current: 0.8
0.72
0.8
Interest Coverage No Debt
CMG's Interest Coverage is ranked higher than
98% of the 213 Companies
in the Global Restaurants industry.

( Industry Median: 28.28 vs. CMG: No Debt )
Ranked among companies with meaningful Interest Coverage only.
CMG' s 10-Year Interest Coverage Range
Min: 31.97  Med: 388.11 Max: 9999.99
Current: No Debt
31.97
9999.99
F-Score: 7
Z-Score: 28.16
M-Score: -2.37
WACC vs ROIC
9.01%
43.22%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 18.48
CMG's Operating margin (%) is ranked higher than
88% of the 289 Companies
in the Global Restaurants industry.

( Industry Median: 5.09 vs. CMG: 18.48 )
Ranked among companies with meaningful Operating margin (%) only.
CMG' s 10-Year Operating margin (%) Range
Min: -18.79  Med: 9.64 Max: 17.3
Current: 18.48
-18.79
17.3
Net-margin (%) 11.59
CMG's Net-margin (%) is ranked higher than
87% of the 290 Companies
in the Global Restaurants industry.

( Industry Median: 3.08 vs. CMG: 11.59 )
Ranked among companies with meaningful Net-margin (%) only.
CMG' s 10-Year Net-margin (%) Range
Min: -18.24  Med: 6.26 Max: 10.84
Current: 11.59
-18.24
10.84
ROE (%) 25.63
CMG's ROE (%) is ranked higher than
84% of the 281 Companies
in the Global Restaurants industry.

( Industry Median: 8.21 vs. CMG: 25.63 )
Ranked among companies with meaningful ROE (%) only.
CMG' s 10-Year ROE (%) Range
Min: -12.13  Med: 13.62 Max: 25.09
Current: 25.63
-12.13
25.09
ROA (%) 20.16
CMG's ROA (%) is ranked higher than
96% of the 291 Companies
in the Global Restaurants industry.

( Industry Median: 3.87 vs. CMG: 20.16 )
Ranked among companies with meaningful ROA (%) only.
CMG' s 10-Year ROA (%) Range
Min: -10.15  Med: 10.64 Max: 19.55
Current: 20.16
-10.15
19.55
ROC (Joel Greenblatt) (%) 75.44
CMG's ROC (Joel Greenblatt) (%) is ranked higher than
86% of the 290 Companies
in the Global Restaurants industry.

( Industry Median: 15.69 vs. CMG: 75.44 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CMG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 4.36  Med: 33.48 Max: 68.67
Current: 75.44
4.36
68.67
Revenue Growth (3Y)(%) 22.20
CMG's Revenue Growth (3Y)(%) is ranked higher than
93% of the 216 Companies
in the Global Restaurants industry.

( Industry Median: 4.50 vs. CMG: 22.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CMG' s 10-Year Revenue Growth (3Y)(%) Range
Min: 19.1  Med: 21.60 Max: 32.3
Current: 22.2
19.1
32.3
EBITDA Growth (3Y)(%) 24.90
CMG's EBITDA Growth (3Y)(%) is ranked higher than
87% of the 186 Companies
in the Global Restaurants industry.

( Industry Median: 6.30 vs. CMG: 24.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CMG' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 21.2  Med: 34.40 Max: 112.6
Current: 24.9
21.2
112.6
EPS Growth (3Y)(%) 27.90
CMG's EPS Growth (3Y)(%) is ranked higher than
87% of the 152 Companies
in the Global Restaurants industry.

( Industry Median: 6.10 vs. CMG: 27.90 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
CMG' s 10-Year EPS Growth (3Y)(%) Range
Min: 18.2  Med: 34.35 Max: 107
Current: 27.9
18.2
107
» CMG's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

CMG Guru Trades in Q3 2014

Caxton Associates 11,500 sh (New)
Jim Simons 213,600 sh (+87.70%)
Pioneer Investments 10,412 sh (unchged)
Louis Moore Bacon Sold Out
Jeremy Grantham Sold Out
RS Investment Management 6,271 sh (-11.85%)
Frank Sands 1,973,343 sh (-15.87%)
Steven Cohen 7,900 sh (-59.90%)
» More
Q4 2014

CMG Guru Trades in Q4 2014

Jeremy Grantham 12,030 sh (New)
Jim Simons 307,200 sh (+43.82%)
Pioneer Investments 12,379 sh (+18.89%)
Caxton Associates Sold Out
Steven Cohen Sold Out
Frank Sands 1,958,598 sh (-0.75%)
Frank Sands 1,958,598 sh (-0.75%)
RS Investment Management 6,114 sh (-2.50%)
» More
Q1 2015

CMG Guru Trades in Q1 2015

Ray Dalio 6,999 sh (New)
Joel Greenblatt 555 sh (New)
Caxton Associates 7,500 sh (New)
Lee Ainslie 390 sh (New)
RS Investment Management 14,504 sh (+137.23%)
Pioneer Investments 12,310 sh (-0.56%)
Jeremy Grantham 11,830 sh (-1.66%)
Frank Sands 1,924,308 sh (-1.75%)
Jim Simons 215,600 sh (-29.82%)
» More
Q2 2015

CMG Guru Trades in Q2 2015

Paul Tudor Jones 400 sh (New)
Ray Dalio 28,699 sh (+310.04%)
Joel Greenblatt 1,847 sh (+232.79%)
Pioneer Investments 29,947 sh (+143.27%)
Jim Simons 313,500 sh (+45.41%)
Lee Ainslie 390 sh (unchged)
RS Investment Management Sold Out
Jeremy Grantham 11,730 sh (-0.85%)
Frank Sands 1,807,202 sh (-6.09%)
Caxton Associates 2,500 sh (-66.67%)
» More
» Details

Insider Trades

Latest Guru Trades with CMG

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on Chipotle Mexican Grill Inc

David Einhorn Comments on Chipotle Mexican Grill - Oct 16, 2013

But even in conventionally valued stocks where the fundamentals have largely gone our way, it has been hard to make money on shorts. In many cases we’ve lost money. Let’s consider Chipotle Mexican Grill (NYSE:CMG). In recent years through the end of 2011, CMG and other upstarts in the fast-casual restaurant segment achieved substantial growth by offering consumers a higher quality menu than is typically found in fast-food chains. In contrast, Taco Bell (the largest Mexican fast-food chain) had lackluster and often negative growth. In early 2012, Taco Bell expanded its offerings to include new gourmet-style dishes as part of its Cantina Bell menu and introduced Doritos Locos Tacos. We believed that these innovations would enable Taco Bell to recapture market share from CMG. This is exactly what happened:

Notably, CMG’s comparable store sales benefit by about 2.5% per year because the company has a large number of new stores entering the comp base each year, which naturally ramp their volumes. Since Taco Bell has a mature store base, its comparable store sales don’t share that tailwind.

When we presented our thesis that Taco Bell would gain share, we received widespread ridicule from CMG’s customers in the investment community. But CMG also serves a younger demographic who are likely to be more sensitive to food prices than stock prices. It seems like Taco Bell has, in fact, gained share from this group.We surmise that this has led CMG to reconsider its strategy. In January 2013, the company strongly hinted that it would raise prices this year. Historically, CMG had been able to raise prices with impunity. However, with comparable store sales running in the low single digits, management decided to postpone the increase until 2014, when they plan to raise prices in conjunction with announcing that all their food is GMO-free. We believe that competition, particularly for college aged patrons, has reduced CMG’s ability to raise prices without losing customers and, based on its actions, it appears management agrees.

The result of all of this is that CMG is now expected to earn less in both 2013 and 2014 than consensus believed prior to Taco Bell’s innovations. Unfortunately for us, the market has rewarded CMG with an expanded P/E multiple, which is quite surprising in the face of falling comparable store sales, slowing and disappointing earnings growth, and a loss of pricing power.Such is the nature of the current market environment. Muy Loco!

From David Einhorn’s Greenlight Capital third quarter 2013 letter.


Check out David Einhorn latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 44.55
CMG's P/E(ttm) is ranked lower than
78% of the 200 Companies
in the Global Restaurants industry.

( Industry Median: 26.20 vs. CMG: 44.55 )
Ranked among companies with meaningful P/E(ttm) only.
CMG' s 10-Year P/E(ttm) Range
Min: 16.55  Med: 44.77 Max: 103.55
Current: 44.55
16.55
103.55
Forward P/E 34.97
CMG's Forward P/E is ranked lower than
89% of the 129 Companies
in the Global Restaurants industry.

( Industry Median: 18.73 vs. CMG: 34.97 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 44.20
CMG's PE(NRI) is ranked lower than
78% of the 199 Companies
in the Global Restaurants industry.

( Industry Median: 25.60 vs. CMG: 44.20 )
Ranked among companies with meaningful PE(NRI) only.
CMG' s 10-Year PE(NRI) Range
Min: 16.58  Med: 44.78 Max: 103.72
Current: 44.2
16.58
103.72
P/B 10.07
CMG's P/B is ranked lower than
90% of the 268 Companies
in the Global Restaurants industry.

( Industry Median: 3.06 vs. CMG: 10.07 )
Ranked among companies with meaningful P/B only.
CMG' s 10-Year P/B Range
Min: 2.05  Med: 7.49 Max: 12.01
Current: 10.07
2.05
12.01
P/S 5.17
CMG's P/S is ranked lower than
92% of the 289 Companies
in the Global Restaurants industry.

( Industry Median: 1.07 vs. CMG: 5.17 )
Ranked among companies with meaningful P/S only.
CMG' s 10-Year P/S Range
Min: 1.03  Med: 3.67 Max: 5.88
Current: 5.17
1.03
5.88
PFCF 50.08
CMG's PFCF is ranked lower than
72% of the 153 Companies
in the Global Restaurants industry.

( Industry Median: 29.33 vs. CMG: 50.08 )
Ranked among companies with meaningful PFCF only.
CMG' s 10-Year PFCF Range
Min: 18.93  Med: 44.23 Max: 1238
Current: 50.08
18.93
1238
POCF 31.79
CMG's POCF is ranked lower than
81% of the 232 Companies
in the Global Restaurants industry.

( Industry Median: 14.03 vs. CMG: 31.79 )
Ranked among companies with meaningful POCF only.
CMG' s 10-Year POCF Range
Min: 6.81  Med: 23.46 Max: 37.64
Current: 31.79
6.81
37.64
EV-to-EBIT 26.54
CMG's EV-to-EBIT is ranked lower than
71% of the 212 Companies
in the Global Restaurants industry.

( Industry Median: 18.41 vs. CMG: 26.54 )
Ranked among companies with meaningful EV-to-EBIT only.
CMG' s 10-Year EV-to-EBIT Range
Min: 8.8  Med: 27.05 Max: 61.2
Current: 26.54
8.8
61.2
PEG 1.80
CMG's PEG is ranked higher than
72% of the 92 Companies
in the Global Restaurants industry.

( Industry Median: 2.58 vs. CMG: 1.80 )
Ranked among companies with meaningful PEG only.
CMG' s 10-Year PEG Range
Min: 0.88  Med: 1.53 Max: 2.48
Current: 1.8
0.88
2.48
Shiller P/E 75.20
CMG's Shiller P/E is ranked lower than
87% of the 146 Companies
in the Global Restaurants industry.

( Industry Median: 29.62 vs. CMG: 75.20 )
Ranked among companies with meaningful Shiller P/E only.
CMG' s 10-Year Shiller P/E Range
Min: 49.69  Med: 79.34 Max: 105.36
Current: 75.2
49.69
105.36
Current Ratio 3.79
CMG's Current Ratio is ranked higher than
94% of the 285 Companies
in the Global Restaurants industry.

( Industry Median: 1.12 vs. CMG: 3.79 )
Ranked among companies with meaningful Current Ratio only.
CMG' s 10-Year Current Ratio Range
Min: 0.38  Med: 3.22 Max: 4.43
Current: 3.79
0.38
4.43
Quick Ratio 3.73
CMG's Quick Ratio is ranked higher than
95% of the 285 Companies
in the Global Restaurants industry.

( Industry Median: 0.96 vs. CMG: 3.73 )
Ranked among companies with meaningful Quick Ratio only.
CMG' s 10-Year Quick Ratio Range
Min: 0.31  Med: 3.17 Max: 4.35
Current: 3.73
0.31
4.35
Days Inventory 1.80
CMG's Days Inventory is ranked higher than
97% of the 273 Companies
in the Global Restaurants industry.

( Industry Median: 11.94 vs. CMG: 1.80 )
Ranked among companies with meaningful Days Inventory only.
CMG' s 10-Year Days Inventory Range
Min: 1.59  Med: 1.73 Max: 1.88
Current: 1.8
1.59
1.88
Days Sales Outstanding 2.11
CMG's Days Sales Outstanding is ranked higher than
87% of the 248 Companies
in the Global Restaurants industry.

( Industry Median: 8.54 vs. CMG: 2.11 )
Ranked among companies with meaningful Days Sales Outstanding only.
CMG' s 10-Year Days Sales Outstanding Range
Min: 1  Med: 1.81 Max: 3.1
Current: 2.11
1
3.1

Valuation & Return

vs
industry
vs
history
Price/Net Cash 69.47
CMG's Price/Net Cash is ranked lower than
93% of the 44 Companies
in the Global Restaurants industry.

( Industry Median: 11.22 vs. CMG: 69.47 )
Ranked among companies with meaningful Price/Net Cash only.
CMG' s 10-Year Price/Net Cash Range
Min: 42.09  Med: 124.04 Max: 9705
Current: 69.47
42.09
9705
Price/Net Current Asset Value 51.85
CMG's Price/Net Current Asset Value is ranked lower than
90% of the 70 Companies
in the Global Restaurants industry.

( Industry Median: 7.74 vs. CMG: 51.85 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
CMG' s 10-Year Price/Net Current Asset Value Range
Min: 30.1  Med: 67.50 Max: 255.31
Current: 51.85
30.1
255.31
Price/Tangible Book 10.11
CMG's Price/Tangible Book is ranked lower than
87% of the 226 Companies
in the Global Restaurants industry.

( Industry Median: 3.21 vs. CMG: 10.11 )
Ranked among companies with meaningful Price/Tangible Book only.
CMG' s 10-Year Price/Tangible Book Range
Min: 3  Med: 7.68 Max: 11.54
Current: 10.11
3
11.54
Price/Projected FCF 3.67
CMG's Price/Projected FCF is ranked lower than
76% of the 176 Companies
in the Global Restaurants industry.

( Industry Median: 2.01 vs. CMG: 3.67 )
Ranked among companies with meaningful Price/Projected FCF only.
CMG' s 10-Year Price/Projected FCF Range
Min: 3.01  Med: 3.95 Max: 6.86
Current: 3.67
3.01
6.86
Price/DCF (Earnings Based) 1.55
CMG's Price/DCF (Earnings Based) is ranked lower than
55% of the 31 Companies
in the Global Restaurants industry.

( Industry Median: 1.43 vs. CMG: 1.55 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 1.40
CMG's Price/Median PS Value is ranked lower than
63% of the 262 Companies
in the Global Restaurants industry.

( Industry Median: 1.23 vs. CMG: 1.40 )
Ranked among companies with meaningful Price/Median PS Value only.
CMG' s 10-Year Price/Median PS Value Range
Min: 0.4  Med: 1.00 Max: 1.51
Current: 1.4
0.4
1.51
Price/Peter Lynch Fair Value 1.90
CMG's Price/Peter Lynch Fair Value is ranked higher than
53% of the 68 Companies
in the Global Restaurants industry.

( Industry Median: 2.02 vs. CMG: 1.90 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
CMG' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.36  Med: 1.85 Max: 2.3
Current: 1.9
1.36
2.3
Price/Graham Number 4.44
CMG's Price/Graham Number is ranked lower than
86% of the 166 Companies
in the Global Restaurants industry.

( Industry Median: 2.00 vs. CMG: 4.44 )
Ranked among companies with meaningful Price/Graham Number only.
CMG' s 10-Year Price/Graham Number Range
Min: 1.76  Med: 3.71 Max: 5.42
Current: 4.44
1.76
5.42
Earnings Yield (Greenblatt) (%) 3.79
CMG's Earnings Yield (Greenblatt) (%) is ranked lower than
56% of the 272 Companies
in the Global Restaurants industry.

( Industry Median: 4.50 vs. CMG: 3.79 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CMG' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 1.6  Med: 3.70 Max: 11.4
Current: 3.79
1.6
11.4
Forward Rate of Return (Yacktman) (%) 24.78
CMG's Forward Rate of Return (Yacktman) (%) is ranked higher than
86% of the 155 Companies
in the Global Restaurants industry.

( Industry Median: 7.91 vs. CMG: 24.78 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
CMG' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: 24.4  Med: 33.05 Max: 39.7
Current: 24.78
24.4
39.7

Analyst Estimate

Dec15 Dec16 Dec17
Revenue(Mil) 4,743 5,454 6,020
EPS($) 17.51 20.71 22.98
EPS without NRI($) 17.51 20.71 22.98

Business Description

Industry: Restaurants » Restaurants
Compare:BH, MCD, DIN, SBUX, IRG » details
Traded in other countries:CMG.Mexico, C9F.Germany,
Chipotle Mexican Grill Inc is a Delaware corporation formed in 1993. The Company operates Chipotle Mexican Grill restaurants, which serves a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads, made using fresh ingredients. The Company operates 1,572 Chipotle restaurants throughout the United States, as well as seven in Canada, six in England, two in France, and one in Germany. Its restaurants include six ShopHouse Southeast Asian Kitchen restaurants, serving Asian-inspired cuisine. Its restaurants accept orders by fax, online or through an iPhone or Android ordering application in order to provide a more convenient experience by allowing customers to avoid standing in line. It also provides extras such as guacamole, salsas and tortilla chips seasoned with fresh lime juice and kosher salt. The fast-casual, quick-service and casual dining segments of the restaurant industry are competitive with respect to, among other things, taste, price, food quality and presentation, service, location and the ambience and condition of each restaurant. The Company is subject to federal and state laws governing relationship with and other matters pertaining to its employees, including wage and hour laws, requirements to provide meal and rest periods or other benefits, family leave mandates, requirements regarding working conditions and accommodations to certain employees, citizenship or work authorization and related requirements, insurance and workers' compensation rules and anti-discrimination laws.
» More Articles for CMG

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