Intrinsic Value

Chipotle Mexican Grill Inc.

Chipotle Mexican Grill Inc. (CMG)

Consumer Cyclical

Enterprise Value 19,121.35
Net Debt -706.83
Equity Value 19,828.18
Shares Outstanding 27.82
Equity Value Per Share 712.65

Because investors are more interested in the value of the company’s shares alone, we’ll deduct net debt from this value to arrive at a fair value of the company’s equity. Fair Value = Enterprise Value – Debt