Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Chipotle Mexican Grill Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Preferred stock, $0.01 par value, no shares issued (per books)
Total equity
Add: Total debt (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Current investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Chipotle Mexican Grill Inc., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Preferred stock, $0.01 par value, no shares issued (book value)
Total equity
Add: Total debt (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Current investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Chipotle Mexican Grill Inc. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Equity and Market Value Trends
Over the five-year period, both common equity (market value) and total equity exhibited a steady increase. Starting from approximately 43.47 billion US dollars at the end of 2020, these figures showed marginal growth through 2021 and 2022, reaching around 44.39 billion US dollars. From 2023 onwards, there was a notable surge, with values rising significantly to approximately 71.86 billion US dollars in 2023 and further to nearly 77.95 billion US dollars by the end of 2024.
Total Equity and Debt Trends
The total equity and debt mirrored the trend of total equity, showing identical values for each corresponding year. This indicates that the company’s capital structure appears to be predominantly composed of equity, or that the reported debt levels are minimal or not separately disclosed in the provided data.
Enterprise Value (EV) Trends
Enterprise value maintained a pattern similar to that of equity values but remained slightly lower in magnitude each year. Starting at approximately 42.52 billion US dollars in 2020, EV showed marginal increases through 2021 and 2022. From 2023, the enterprise value experienced a sharp rise to about 70.56 billion US dollars and further increased to approximately 76.52 billion US dollars by the end of 2024. This trend suggests enhanced market capitalization combined with potential changes in debt and cash balances affecting EV.
Overall Insights
The data reflects substantial growth in the company's market valuation and equity base in the last two years of the period analyzed. The close alignment of total equity, common equity, and total equity and debt values points to a capital structure heavily weighted towards equity financing. The increasing enterprise value corroborates the market's positive reassessment of the company's value, likely influenced by improved financial or operational performance or other market factors during 2023 and 2024.