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Chipotle Mexican Grill Inc.

Chipotle Mexican Grill Inc. (CMG)

Consumer Cyclical

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 3,214.594,108.254,501.003,904.164,476.124,864.655,326.315,831.776,385.216,991.167,654.63
EBITDA 630.38824.94900.20185.06439.11470.41745.15815.87893.29978.061,070.88
EBIT 534.27714.42769.6738.65275.73268.53566.72620.50679.39743.86814.45
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 327.31445.45475.4822.89176.24176.61353.53387.08423.82464.04508.07
Depreciation 96.12110.51130.53146.41163.38201.88178.43195.36213.90234.20256.43
Accounts Receivable --10.81-3.34-2.340.32-21.9812.20-4.75-5.20-5.70-6.24
Inventories --2.020.350.02-4.86-1.710.10-2.02-2.21-2.42-2.65
Accounts Payable -10.2816.09-7.053.4430.95-10.069.7610.6811.6912.80
Capital Expenditure -52.714.801.39-42.2070.8627.2829.8732.7135.8139.21
UFCF 423.43606.12623.91161.31296.32456.61561.48615.30673.69737.63807.63
WACC
PV UFCF 561.48615.30673.69737.63807.63
SUM PV UFCF 5,963.43