CMG · Chipotle Mexican Grill, Inc.

$33.332026-07-21

Sector: Consumer Cyclical; Industry: Restaurants; Sub-Industry: Restaurants

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$20

-40.1% vs market

Base · active

$20

-40.9% vs market

Bear

$15

-54.1% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $15

Base $20

Bull $20

Market $33

Median $42

Market Price $33

Mulya.ai Base $20

Analysts Median $42

Mulya.ai IV range ($15 · $20)

Analysts Range ($36 · $52)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2024.Q1	$9.9B	—	18.3%	23.9%	$1.4B	−$3.4B	−$2.0B	8.3%	—	24.2%	$5.7B	$0.94	—
2024.Q4	$9.9B	0.0%	18.3%	23.7%	$1.4B	−$3.6B	−$2.2B	8.9%	—	23.6%	$6.0B	$0.94	—
2025.Q1	$11.3B	14.6%	19.7%	23.9%	$1.7B	−$4.5B	−$2.8B	8.8%	—	26.8%	$6.7B	$1.18	—
2025.Q4	$11.3B	0.0%	19.7%	23.6%	$1.7B	−$4.6B	−$2.9B	8.8%	—	19.1%	$11.2B	$1.18	—
2026.Q1	$12.1B	7.3%	18.3%	24.1%	$1.7B	−$4.5B	−$2.8B	8.6%	—	19.5%	$6.1B	$1.12	19.5
italics below = DCF projection · 10yr Rev CAGR: 8%
2027.Q1	$13.3B	+9.9%	21.3%	23.7%	$2.2B	−$4.7B	−$2.5B	8.2%	−$2.4B	25.5%	$10.9B	$1.23	27.1
2028.Q1	$14.8B	+10.8%	20.4%	23.3%	$2.3B	−$1.7B	$572MM	8.2%	$488MM	19.7%	$12.6B	$1.35	24.7
2029.Q1	$16.5B	+11.6%	19.5%	22.9%	$2.5B	−$1.2B	$1.3B	8.3%	$993MM	18.8%	$13.8B	$1.49	22.4
2030.Q1	$18.5B	+12.1%	18.6%	22.5%	$2.7B	−$3.0B	−$370MM	8.3%	−$269MM	17.4%	$16.9B	$1.65	20.2
2031.Q1	$19.9B	+7.7%	16.8%	22.1%	$2.6B	−$1.9B	$715MM	8.3%	$480MM	14.7%	$18.8B	$1.73	19.3

Term. Yr+	$27.2B	4.1%	16.8%	20.0%	$3.7B	−$1.1B	$2.5B	8.6%	$25.0B	13.1%	—	—	—

Active scenario IV: $20 (-40.9% vs market)