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Chipotle Mexican Grill (Chipotle Mexican Grill) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Chipotle Mexican Grill Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chipotle Mexican Grill Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chipotle Mexican Grill's Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF Chart

Chipotle Mexican Grill Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.01 127.91 128.54 83.55 113.14

Chipotle Mexican Grill Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial 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 96.38 111.95 90.39 113.14 -

Competitive Comparison of Chipotle Mexican Grill's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, Chipotle Mexican Grill's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Chipotle Mexican Grill's Cyclically Adjusted Price-to-FCF falls into.



Chipotle Mexican Grill Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Chipotle Mexican Grill's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Chipotle Mexican Grill's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=15.803/129.4194*129.4194
=15.803

Current CPI (Mar. 2024) = 129.4194.

Chipotle Mexican Grill Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.973 100.560 5.113
201409 4.177 100.428 5.383
201412 1.272 99.070 1.662
201503 5.804 99.621 7.540
201506 3.279 100.684 4.215
201509 3.803 100.392 4.903
201512 0.612 99.792 0.794
201603 -0.042 100.470 -0.054
201606 1.847 101.688 2.351
201609 1.230 101.861 1.563
201612 0.252 101.863 0.320
201703 3.241 102.862 4.078
201706 1.264 103.349 1.583
201709 2.950 104.136 3.666
201712 1.337 104.011 1.664
201803 5.137 105.290 6.314
201806 0.835 106.317 1.016
201809 4.126 106.507 5.014
201812 1.849 105.998 2.258
201903 4.209 107.251 5.079
201906 1.419 108.070 1.699
201909 4.881 108.329 5.831
201912 3.194 108.420 3.813
202003 3.687 108.902 4.382
202006 1.237 108.767 1.472
202009 5.711 109.815 6.731
202012 -0.402 109.897 -0.473
202103 7.675 111.754 8.888
202106 4.610 114.631 5.205
202109 6.053 115.734 6.769
202112 11.112 117.630 12.226
202203 6.598 121.301 7.040
202206 6.637 125.017 6.871
202209 7.615 125.227 7.870
202212 9.245 125.222 9.555
202303 12.044 127.348 12.240
202306 16.048 128.729 16.134
202309 12.618 129.860 12.575
202312 3.386 129.419 3.386
202403 15.803 129.419 15.803

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Chipotle Mexican Grill  (NYSE:CMG) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Chipotle Mexican Grill Cyclically Adjusted Price-to-FCF Related Terms

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Chipotle Mexican Grill (Chipotle Mexican Grill) Business Description

Traded in Other Exchanges
Address
610 Newport Center Drive, Suite 1100, Newport Beach, CA, USA, 92660
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $8.6 billion in 2022. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,200 stores at the end of 2022, heavily indexed to the United States, although 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
Brian R Niccol director, officer: Chairman, CEO 1 GLEN BELL WAY, IRVINE CA 92618
Gregg L Engles director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Scott Boatwright officer: Chief Restaurant Officer 1401 WYNKOOP STREET, SUITE 500, DENVER CO 80202
Robin S Hickenlooper director 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Laurie Schalow officer: Chief Corp Affairs, Food Sft 610 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Curtis E Garner officer: Chief Technology Officer C/O AEROHIVE NETWORKS, INC., 330 GIBRALTAR DRIVE, SUNNYVALE CA 94089
Christopher W Brandt officer: Chief Marketing Officer 2202 NORTH WESTSHORE BLVD, TAMPA FL 33607
Patricia Filikrushel director DOLLAR GENERAL CORPORATION, 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Laura Fuentes director 7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Albert S Baldocchi director 1601 HIGH STREET, BOULDER CO 80304
Marissa Andrada officer: Chief D&I and People Officer C/O KATE SPADE & COMPANY 2 PARK AVENUE, NEW YORK NY 10016
Roger E Theodoredis officer: Chief Legal Officer & GC 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Pershing Square Capital Management, L.p. director 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Jack Hartung officer: CFO & Chief Development Ofcr 1543 WAZEE STREET, SUITE 200, DENVER CO 80202
Scott Harlan Maw director 1411 E. MISSION AVENUE, SPOKANE WA 99202