Loading...

Discounted Cash Flow (DCF) Analysis Unlevered


Chipotle Mexican Grill Inc.

Chipotle Mexican Grill Inc. (CMG)

Consumer Cyclical

Operating Data

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue -----------
Revenue (%)
EBITDA -----------
EBITDA (%)
EBIT -----------
EBIT (%)
Depreciation -----------
Depreciation (%)

Balance Sheet Data

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Total Cash -----------
Total Cash (%)
Account Receivables -----------
Account Receivables (%)
Inventories -----------
Inventories (%)
Accounts Payable -----------
Accounts Payable (%)
Capital Expenditure -----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 921.94
Diluted Shares Outstanding 27.96
Cost of Debt
Tax Rate 34.23
After-tax Cost of Debt -1.66
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.09
Total Debt 330.99
Total Equity 25,779.29
Total Capital 26,110.27
Debt Weighting 1.27
Equity Weighting 98.73
Wacc

Build Up Free Cash

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue -----------
EBITDA -----------
EBIT -----------
Tax Rate 38.74%37.65%38.22%40.79%36.08%34.23%37.62%37.62%37.62%37.62%37.62%
EBIAT -----------
Depreciation -----------
Accounts Receivable -----------
Inventories -----------
Accounts Payable -----------
Capital Expenditure -----------
UFCF -----------
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.03
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -
Equity Value -
Shares Outstanding 27.96
Equity Value Per Share -