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Chipotle Mexican Grill Earnings Yield (Joel Greenblatt) %

: 1.40% (As of Jun. 2021)
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Chipotle Mexican Grill's Enterprise Value for the quarter that ended in Jun. 2021 was $45,919 Mil. Chipotle Mexican Grill's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $643 Mil. Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was 1.40%.

The historical rank and industry rank for Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

NYSE:CMG' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.48   Med: 3.17   Max: 6.33
Current: 1.2

0.48
6.33

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Chipotle Mexican Grill was 6.33%. The lowest was 0.48%. And the median was 3.17%.

NYSE:CMG's Earnings Yield (Joel Greenblatt) % is ranked lower than
99.99% of the 71 Companies
in the Restaurants industry.

( Industry Median: 6.00 vs. NYSE:CMG: 1.20 )

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Chipotle Mexican Grill's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was 20.74%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Chipotle Mexican Grill Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chipotle Mexican Grill Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.56 3.74 2.88 1.85 0.78

Chipotle Mexican Grill Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.97 0.79 0.78 0.93 1.40

Competitive Comparison

For the Restaurants subindustry, Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Chipotle Mexican Grill Earnings Yield (Joel Greenblatt) % Distribution

For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % falls into.



Chipotle Mexican Grill Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Chipotle Mexican Grills Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=320.741/41034.71571
=0.78 %

Chipotle Mexican Grill's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $643 Mil.



Chipotle Mexican Grill  (NYSE:CMG) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Chipotle Mexican Grill Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Chipotle Mexican Grill Business Description

Chipotle Mexican Grill logo
Industry
Consumer Cyclical » Restaurants NAICS : 722513 SIC : 5812
Address
610 Newport Center Drive, Suite 1300, Newport Beach, CA, USA, 92660
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales approaching $6 billion in 2020. The Mexican concept is entirely company-owned, with a footprint of 2,850 stores heavily indexed to the United States, though the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
Executives
Engles Gregg L director 1225 SEVENTEENTH STREET SUITE 1000 DENVER CO 80202
Winston Mary A director 557 BROADWAY C/O SCHOLASTIC CORP NEW YORK NY 10012
Niccol Brian R director, officer: Chairman, CEO 1 GLEN BELL WAY IRVINE CA 92618
Baldocchi Albert S director 1601 HIGH STREET BOULDER CO 80304
Boatwright Scott officer: Chief Restaurant Officer 1401 WYNKOOP STREET SUITE 500 DENVER CO 80202
Pringle Robin S director 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112
Maw Scott Harlan director 1411 E. MISSION AVENUE SPOKANE WA 99202
Paull Matthew H director MCDONALDS CORP 2915 JORIE BLVD OAK BROOK IL 60523
Flanzraich Neil director 4400 BISCAYNE BLVD MIAMI FL 33137
Cappuccio Paul T director TIME WARNER INC. ONE TIME WARNER CENTER NEW YORK NY 10019
Filikrushel Patricia director DOLLAR GENERAL CORPORATION 100 MISSION RIDGE GOODLETTSVILLE TN 37072
Namvar Ali director C/O PERSHING SQUARE CAPITAL MANAGEMENT 888 SEVENTH AVENUE, 42ND FLOOR NEW YORK NY 10019
Garner Curtis E officer: Chief Technology Officer C/O AEROHIVE NETWORKS, INC. 330 GIBRALTAR DRIVE SUNNYVALE CA 94089
Andrada Marissa officer: Chief People Officer C/O KATE SPADE & COMPANY 2 PARK AVENUE NEW YORK NY 10016
Schalow Laurie officer: Chief Corp Reputation Officer 610 NEWPORT CENTER DRIVE SUITE 1300 NEWPORT BEACH CA 92660

Chipotle Mexican Grill Headlines

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