Market Cap : 36.97 B | Enterprise Value : 39.67 B | PE Ratio : 54.97 | PB Ratio : 17.34 |
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Good Sign:
Altman Z-score of 7.69 is strong.
Chipotle Mexican Grill has a Altman Z-Score of 7.69, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Chipotle Mexican Grill's Altman Z-Score or its related term are showing as below:
During the past 13 years, Chipotle Mexican Grill's highest Altman Z-Score was 28.55. The lowest was 0.29. And the median was 13.89.
The historical data trend for Chipotle Mexican Grill's Altman Z-Score 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.
For the Restaurants subindustry, Chipotle Mexican Grill's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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.
For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Chipotle Mexican Grill's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Chipotle Mexican Grill's Altman Z-Score for today is calculated with this formula:
Z | = | 1.2 | * | X1 | + | 1.4 | * | X2 | + | 3.3 | * | X3 | + | 0.6 | * | X4 | + | 1.0 | * | X5 |
= | 1.2 | * | 0.0406 | + | 1.4 | * | 0.632 | + | 3.3 | * | 0.1303 | + | 0.6 | * | 8.5312 | + | 1.0 | * | 1.2101 | |
= | 7.69 |
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Trailing Twelve Months (TTM) ended in Mar. 2022:
Total Assets was $6,467 Mil.
Total Current Assets was $1,096 Mil.
Total Current Liabilities was $834 Mil.
Retained Earnings was $4,087 Mil.
Pre-Tax Income was 190.008 + 167.559 + 239.554 + 246.376 = $843 Mil.
Interest Expense was -0.213 + 0 + -0.126 + 0.851 = $1 Mil.
Revenue was 2020.539 + 1960.633 + 1952.315 + 1892.538 = $7,826 Mil.
Market Cap (Today) was $36,968 Mil.
Total Liabilities was $4,333 Mil.
* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.
X1 | = | Working Capital | / | Total Assets |
= | (Total Current Assets - Total Current Liabilities) | / | Total Assets | |
= | (1096.493 - 833.738) | / | 6467.257 | |
= | 0.0406 |
X2 | = | Retained Earnings | / | Total Assets |
= | 4087.441 | / | 6467.257 | |
= | 0.632 |
X3 | = | Earnings Before Interest and Taxes | / | Total Assets |
= | (Pre-Tax Income - Interest Expense) | / | Total Assets | |
= | (843.497 - 0.512) | / | 6467.257 | |
= | 0.1303 |
X4 | = | Market Value Equity | / | Book Value of Total Liabilities |
= | Market Cap | / | Total Liabilities | |
= | 36968.034 | / | 4333.297 | |
= | 8.5312 |
X5 | = | Revenue | / | Total Assets |
= | 7826.025 | / | 6467.257 | |
= | 1.2101 |
The zones of discrimination were as such:
Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones
Chipotle Mexican Grill has a Altman Z-Score of 7.69 indicating it is in Safe Zones.
Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Read more about Altman Z-Score and the original research.
Altman Z-Score does not apply to financial companies.
Thank you for viewing the detailed overview of Chipotle Mexican Grill's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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