Major Indexes

Intrinsic Value

Chipotle Mexican Grill Inc.

Chipotle Mexican Grill Inc. (CMG)

28.99 (+2.82%)

Enterprise Value 19,343.75
Net Debt 1,797.45
Equity Value 17,546.30
Shares Outstanding 28.30
Equity Value Per Share 620.12

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