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Chipotle Mexican Grill

LSE:0HXW
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0HXW
LSE
$20B
Market Cap
  1. Home
  2. GB
  3. Consumer Services
Company description

Chipotle Mexican Grill, Inc., together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The last earnings update was 24 days ago. More info.


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0HXW Share Price and Events
7 Day Returns
3.5%
LSE:0HXW
3.2%
GB Hospitality
1.3%
GB Market
1 Year Returns
60.8%
LSE:0HXW
-7.7%
GB Hospitality
-5%
GB Market
0HXW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chipotle Mexican Grill (0HXW) 3.5% 4.7% - 60.8% - -
GB Hospitality 3.2% 0.6% -1.6% -7.7% 11.1% 30.9%
GB Market 1.3% -1.6% 1.9% -5% 15.8% 2.5%
1 Year Return vs Industry and Market
  • 0HXW outperformed the Hospitality industry which returned -7.7% over the past year.
  • 0HXW outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
Price Volatility
0HXW
Industry
5yr Volatility vs Market
Related Companies

0HXW Value

 Is Chipotle Mexican Grill undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Chipotle Mexican Grill to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Chipotle Mexican Grill.

LSE:0HXW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 27 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0HXW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.937 (1 + (1- 21%) (13.47%))
1.024
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.024 * 5.96%)
7.33%

Discounted Cash Flow Calculation for LSE:0HXW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chipotle Mexican Grill is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:0HXW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.33%)
2019 394.62 Analyst x6 367.66
2020 499.06 Analyst x6 433.20
2021 581.70 Est @ 16.56% 470.44
2022 651.27 Est @ 11.96% 490.72
2023 708.19 Est @ 8.74% 497.15
2024 754.13 Est @ 6.49% 493.23
2025 791.14 Est @ 4.91% 482.09
2026 821.24 Est @ 3.8% 466.24
2027 846.13 Est @ 3.03% 447.55
2028 867.19 Est @ 2.49% 427.35
Present value of next 10 years cash flows $4,575.61
LSE:0HXW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $867.19 × (1 + 1.23%) ÷ (7.33% – 1.23%)
$14,376.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $14,376.91 ÷ (1 + 7.33%)10
$7,084.99
LSE:0HXW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,575.61 + $7,084.99
$11,660.60
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $11,660.60 / 27.71
$420.75
LSE:0HXW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0HXW represents 0.98538x of NYSE:CMG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98538x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 420.75 x 0.98538
$414.60
Value per share (USD) From above. $414.60
Current discount Discount to share price of $705.44
= -1 x ($705.44 - $414.60) / $414.60
-70.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Chipotle Mexican Grill is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Chipotle Mexican Grill's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chipotle Mexican Grill's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0HXW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $7.39
NYSE:CMG Share Price ** NYSE (2019-05-13) in USD $715.91
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 34 Publicly-Listed Hospitality Companies 17.95x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 788 Publicly-Listed Companies 16.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Chipotle Mexican Grill.

LSE:0HXW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CMG Share Price ÷ EPS (both in USD)

= 715.91 ÷ 7.39

96.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chipotle Mexican Grill is overvalued based on earnings compared to the GB Hospitality industry average.
  • Chipotle Mexican Grill is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Chipotle Mexican Grill's expected growth come at a high price?
Raw Data
LSE:0HXW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 96.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 27 Analysts
25.2%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 28 Publicly-Listed Hospitality Companies 2.06x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:0HXW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 96.86x ÷ 25.2%

3.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chipotle Mexican Grill is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Chipotle Mexican Grill's assets?
Raw Data
LSE:0HXW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $53.52
NYSE:CMG Share Price * NYSE (2019-05-13) in USD $715.91
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 54 Publicly-Listed Hospitality Companies 1.39x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,368 Publicly-Listed Companies 1.51x
LSE:0HXW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CMG Share Price ÷ Book Value per Share (both in USD)

= 715.91 ÷ 53.52

13.38x

* Primary Listing of Chipotle Mexican Grill.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chipotle Mexican Grill is overvalued based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess Chipotle Mexican Grill's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Chipotle Mexican Grill has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0HXW Future Performance

 How is Chipotle Mexican Grill expected to perform in the next 1 to 3 years based on estimates from 27 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chipotle Mexican Grill expected to grow at an attractive rate?
  • Chipotle Mexican Grill's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Chipotle Mexican Grill's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Chipotle Mexican Grill's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0HXW Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0HXW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 27 Analysts 25.2%
LSE:0HXW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 27 Analysts 10.1%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0HXW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 27 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0HXW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,563 534 7
2020-12-31 6,032 812 466 27
2019-12-31 5,421 693 358 27
LSE:0HXW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 5,025 603 205
2018-12-31 4,865 622 177
2018-09-30 4,750 580 188
2018-06-30 4,653 519 170
2018-03-31 4,556 519 190
2017-12-31 4,476 468 176
2017-09-30 4,401 447 148
2017-06-30 4,310 413 137
2017-03-31 4,139 438 95
2016-12-31 3,904 355 23
2016-09-30 3,867 376 75
2016-06-30 4,047 462 212

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chipotle Mexican Grill's earnings are expected to grow significantly at over 20% yearly.
  • Chipotle Mexican Grill's revenue is expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0HXW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 27 Analyst Estimates (S&P Global) See Below

All data from Chipotle Mexican Grill Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0HXW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 19.73 24.28 17.57 6.00
2020-12-31 16.92 20.00 14.50 21.00
2019-12-31 12.79 13.74 11.74 19.00
LSE:0HXW Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 7.39
2018-12-31 6.35
2018-09-30 6.74
2018-06-30 6.05
2018-03-31 6.70
2017-12-31 6.19
2017-09-30 5.18
2017-06-30 4.74
2017-03-31 3.30
2016-12-31 0.78
2016-09-30 2.51
2016-06-30 6.98

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Chipotle Mexican Grill is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Chipotle Mexican Grill's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Chipotle Mexican Grill has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0HXW Past Performance

  How has Chipotle Mexican Grill performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Chipotle Mexican Grill's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Chipotle Mexican Grill's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Chipotle Mexican Grill's 1-year earnings growth exceeds its 5-year average (8.3% vs -25.4%)
  • Chipotle Mexican Grill's earnings growth has not exceeded the GB Hospitality industry average in the past year (8.3% vs 12.8%).
Earnings and Revenue History
Chipotle Mexican Grill's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Chipotle Mexican Grill Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0HXW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,024.81 205.24 483.96
2018-12-31 4,864.99 176.55 463.60
2018-09-30 4,750.02 188.33 431.83
2018-06-30 4,653.09 169.73 407.99
2018-03-31 4,555.98 189.58 391.28
2017-12-31 4,476.41 176.25 385.07
2017-09-30 4,400.87 148.44 390.62
2017-06-30 4,309.78 136.62 401.54
2017-03-31 4,138.75 95.49 403.45
2016-12-31 3,904.38 22.94 396.37
2016-09-30 3,867.33 74.84 345.80
2016-06-30 4,047.24 211.92 337.34
2016-03-31 4,246.64 326.53 336.33
2015-12-31 4,501.22 475.60 336.39
2015-09-30 4,573.53 528.96 337.12
2015-06-30 4,440.86 514.88 337.68
2015-03-31 4,293.15 484.95 342.08
2014-12-31 4,108.27 445.37 346.80
2014-09-30 3,882.61 403.76 329.50
2014-06-30 3,625.29 356.34 311.83
2014-03-31 3,392.00 333.92 287.75
2013-12-31 3,214.59 327.44 263.63
2013-09-30 3,069.61 309.17 240.18
2013-06-30 2,943.23 298.09 234.23
2013-03-31 2,817.37 291.92 225.63
2012-12-31 2,731.22 278.00 230.32
2012-09-30 2,628.81 274.12 221.80
2012-06-30 2,520.14 262.25 210.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Chipotle Mexican Grill has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chipotle Mexican Grill used its assets less efficiently than the GB Hospitality industry average last year based on Return on Assets.
  • Chipotle Mexican Grill's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chipotle Mexican Grill's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Chipotle Mexican Grill has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0HXW Health

 How is Chipotle Mexican Grill's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Chipotle Mexican Grill's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chipotle Mexican Grill is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chipotle Mexican Grill's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Chipotle Mexican Grill's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Chipotle Mexican Grill Company Filings, last reported 1 month ago.

LSE:0HXW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,483.80 2,671.57 735.02
2018-12-31 1,441.34 0.00 676.80
2018-09-30 1,435.84 0.00 670.82
2018-06-30 1,392.01 0.00 573.93
2018-03-31 1,364.05 0.00 530.60
2017-12-31 1,364.45 0.00 508.95
2017-09-30 1,387.13 0.00 548.36
2017-06-30 1,450.20 0.00 569.60
2017-03-31 1,407.72 0.00 577.04
2016-12-31 1,402.49 0.00 417.72
2016-09-30 1,441.02 0.00 359.15
2016-06-30 1,486.04 0.00 270.14
2016-03-31 1,540.25 0.00 250.81
2015-12-31 2,127.97 3.06 663.20
2015-09-30 2,401.49 0.00 959.74
2015-06-30 2,251.71 0.00 879.23
2015-03-31 2,134.33 0.00 890.53
2014-12-31 2,012.37 0.00 758.06
2014-09-30 1,893.76 0.00 789.61
2014-06-30 1,753.03 0.00 804.63
2014-03-31 1,645.03 0.00 707.00
2013-12-31 1,538.29 0.00 578.17
2013-09-30 1,465.74 0.00 532.17
2013-06-30 1,367.44 0.00 483.80
2013-03-31 1,288.09 0.00 507.50
2012-12-31 1,245.93 0.00 472.86
2012-09-30 1,307.62 3.56 573.89
2012-06-30 1,261.23 3.60 529.53
  • Chipotle Mexican Grill's level of debt (180%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 180% today).
  • Debt is well covered by operating cash flow (22.6%, greater than 20% of total debt).
  • Chipotle Mexican Grill earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Chipotle Mexican Grill's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Chipotle Mexican Grill has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0HXW Dividends

 What is Chipotle Mexican Grill's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Chipotle Mexican Grill dividends. Estimated to be 0% next year.
If you bought $2,000 of Chipotle Mexican Grill shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Chipotle Mexican Grill's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Chipotle Mexican Grill's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0HXW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 27 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0HXW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Chipotle Mexican Grill has not reported any payouts.
  • Unable to verify if Chipotle Mexican Grill's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Chipotle Mexican Grill's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Chipotle Mexican Grill has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Chipotle Mexican Grill's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Chipotle Mexican Grill's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Chipotle Mexican Grill afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chipotle Mexican Grill has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0HXW Management

 What is the CEO of Chipotle Mexican Grill's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Niccol
COMPENSATION $33,730,294
AGE 44
TENURE AS CEO 1.2 years
CEO Bio

Mr. Brian R. Niccol has been Chief Executive Officer and Director at Chipotle Mexican Grill, Inc., since March 05, 2018. Mr. Niccol has been an Independent Director of Harley-Davidson, Inc. since July 25, 2016. Mr. Niccol served as the Chief Executive Officer of Taco Bell Corp., a Division at Yum! Brands, Inc. from January 1, 2015 to February 13, 2018. Mr. Niccol was responsible for driving overall brand strategy and performance of the business in the U.S. and internationally. He served as the President of Taco Bell Corporation from January 2014 to December 2014 and Taco Bell U.S., from 2013 to 2014. He served as the Chief Marketing and Innovation Officer at Taco Bell Corp since October 24, 2011. He oversaw the integration of Taco Bell's marketing, food innovation, consumer insights, media, brand reputation and public relations operations. He also put a renewed focus on brand relevance through digital, social, mobile technology and a people-centric culture. Mr. Niccol served as General Manager of Taco Bell's sibling brand Pizza Hut, Inc. and served as its Chief Marketing Officer. Before joining Pizza Hut in 2005, he spent 10 years in various brand management positions at Procter & Gamble. He serves as the Chairman of the Taco Bell Foundation for Teens. He has been Member of Board of Governors at Boys & Girls Clubs of America, Inc since February 27, 2014. Mr. Niccol holds an undergraduate degree from Miami University (OH) and an MBA from The University of Chicago Booth School of Business.

CEO Compensation
  • Insufficient data for Brian to compare compensation growth.
  • Brian's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Chipotle Mexican Grill management team in years:

1.2
Average Tenure
49
Average Age
  • The average tenure for the Chipotle Mexican Grill management team is less than 2 years, this suggests a new team.
Management Team

Brian Niccol

TITLE
CEO & Director
COMPENSATION
$34M
AGE
44
TENURE
1.2 yrs

Jack Hartung

TITLE
Chief Financial Officer
COMPENSATION
$5M
AGE
61
TENURE
17.3 yrs

Curt Garner

TITLE
Chief Technology Officer
COMPENSATION
$8M
AGE
48
TENURE
2.2 yrs

Chris Brandt

TITLE
Chief Marketing Officer
COMPENSATION
$5M
AGE
49
TENURE
1.1 yrs

Scott Boatwright

TITLE
Chief Restaurant Officer
COMPENSATION
$6M
AGE
45
TENURE
2 yrs

Ashish Kohli

TITLE
Head of Investor Relations
AGE
49

Roger Theodoredis

TITLE
Chief Legal Officer & General Counsel
AGE
59
TENURE
0.6 yrs

Marissa Andrada

TITLE
Chief People Officer
AGE
50
TENURE
1.1 yrs

Jim Slater

TITLE
Managing Director of Europe
TENURE
2.7 yrs

Laurie Schalow

TITLE
Chief Corporate Reputation Officer
AGE
50
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Chipotle Mexican Grill board of directors in years:

2.4
Average Tenure
54.5
Average Age
  • The average tenure for the Chipotle Mexican Grill board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steve Ells

TITLE
Founder & Executive Chairman
COMPENSATION
$8M
AGE
53
TENURE
14.3 yrs

Brian Niccol

TITLE
CEO & Director
COMPENSATION
$34M
AGE
44
TENURE
1.2 yrs

Al Baldocchi

TITLE
Independent Director
COMPENSATION
$237K
AGE
64
TENURE
22.3 yrs

Neil Flanzraich

TITLE
Lead Director
COMPENSATION
$287K
AGE
75
TENURE
4.7 yrs

Paul Cappuccio

TITLE
Independent Director
COMPENSATION
$235K
AGE
56
TENURE
2.4 yrs

Kimbal Musk

TITLE
Independent Director
COMPENSATION
$201K
AGE
45
TENURE
5.7 yrs

Robin Hickenlooper

TITLE
Independent Director
COMPENSATION
$217K
AGE
39
TENURE
2.4 yrs

Ali Namvar

TITLE
Independent Director
COMPENSATION
$220K
AGE
48
TENURE
2.4 yrs

Matthew Paull

TITLE
Independent Director
COMPENSATION
$214K
AGE
67
TENURE
2.4 yrs

Pat Fili-Krushel

TITLE
Director
AGE
64
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Feb 19 Sell Pershing Square Capital Management, L.P. Company 12. Feb 19 14. Feb 19 -60,000 $602.45 $-35,894,611
07. Nov 18 Sell Pershing Square Capital Management, L.P. Company 05. Nov 18 06. Nov 18 -118,307 $473.49 $-55,847,068
30. Aug 18 Sell Pershing Square Capital Management, L.P. Company 28. Aug 18 28. Aug 18 -800,000 $486.99 $-389,592,000
30. Aug 18 Sell Pershing Square Capital Management, L.P. Company 28. Aug 18 28. Aug 18 -23,357 $497.71 $-11,625,012
X
Management checks
We assess Chipotle Mexican Grill's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Chipotle Mexican Grill has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0HXW News

Simply Wall St News

0HXW Company Info

Description

Chipotle Mexican Grill, Inc., together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Details
Name: Chipotle Mexican Grill, Inc.
0HXW
Exchange: LSE
Founded: 1993
$19,840,411,875
27,713,556
Website: http://www.chipotle.com
Address: Chipotle Mexican Grill, Inc.
610 Newport Center Drive,
Suite 1300,
Newport Beach,
California, 92660,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CMG Common Stock New York Stock Exchange US USD 26. Jan 2006
DB C9F Common Stock Deutsche Boerse AG DE EUR 26. Jan 2006
LSE 0HXW Common Stock London Stock Exchange GB USD 26. Jan 2006
WBAG CHMG Common Stock Wiener Boerse AG AT EUR 26. Jan 2006
BMV CMG * Common Stock Bolsa Mexicana de Valores MX MXN 26. Jan 2006
Number of employees
Current staff
Staff numbers
73,000
Chipotle Mexican Grill employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 23:22
End of day share price update: 2019/05/13 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.