CMG · Chipotle Mexican Grill, Inc.

$33.162026-05-17

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

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$16

-51.1% vs market

Base · active

$15

-54.4% vs market

Bear

$11

-65.6% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $11

Base $15

Bull $16

Market $33

Median $45

Market Price $33

Mulya.ai Base $15

Analysts Median $45

Mulya.ai IV range ($11 · $16)

Analysts Range ($35 · $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
2021.Q4	$7.5B	—	12.3%	19.7%	$743MM	−$1.6B	−$907MM	7.6%	—	23.9%	$3.1B	$0.49	—
2022.Q4	$8.6B	14.4%	15.4%	23.9%	$1.0B	−$2.5B	−$1.4B	8.5%	—	28.2%	$4.1B	$0.68	—
2023.Q4	$9.9B	14.3%	18.1%	24.2%	$1.4B	−$3.1B	−$1.7B	8.3%	—	29.1%	$5.2B	$0.93	—
2024.Q4	$11.3B	14.6%	19.5%	23.7%	$1.7B	−$4.1B	−$2.4B	8.9%	—	28.7%	$6.5B	$1.16	—
2025.Q4	$11.9B	5.4%	19.4%	23.6%	$1.8B	−$4.5B	−$2.7B	8.8%	—	20.2%	$11.0B	$1.16	18.9
italics below = DCF projection · 10yr Rev CAGR: 7.9%
2026.Q4	$13.0B	+8.6%	22.3%	23.2%	$2.2B	−$4.3B	−$2.1B	8.3%	−$1.9B	16.8%	$15.3B	$1.27	26.1
2027.Q4	$14.4B	+11.1%	21.1%	22.9%	$2.3B	−$2.8B	−$415MM	8.4%	−$353MM	14.0%	$18.1B	$1.38	24.0
2028.Q4	$16.1B	+11.7%	20.0%	22.5%	$2.5B	−$2.1B	$394MM	8.4%	$310MM	13.0%	$20.2B	$1.50	22.1
2029.Q4	$18.1B	+12.6%	18.9%	22.1%	$2.7B	−$2.6B	$54MM	8.4%	$39MM	12.4%	$22.8B	$1.65	20.1
2030.Q4	$19.5B	+7.8%	16.6%	21.8%	$2.5B	−$1.6B	$984MM	8.4%	$658MM	10.8%	$24.4B	$1.67	19.9

Term. Yr+	$26.6B	4.1%	16.6%	20.0%	$3.5B	−$1.1B	$2.4B	8.6%	$24.0B	13.1%	—	—	—

Active scenario IV: $15 (-54.4% vs market)