Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Chipotle Mexican Grill Inc., EBITDA calculation
US$ in thousands
Based on: 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), 10-K (reporting date: 2019-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Chipotle Mexican Grill Inc. EBITDA increased from 2021 to 2022 and from 2022 to 2023. |
Enterprise Value to EBITDA Ratio, Current
Chipotle Mexican Grill Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 86,241,057) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 1,939,900) |
| Valuation Ratio | |
| EV/EBITDA | 44.46 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Airbnb Inc. | 44.05 |
| Booking Holdings Inc. | 17.71 |
| Carnival Corp. & plc | 10.95 |
| McDonald’s Corp. | 16.85 |
| Starbucks Corp. | 15.04 |
| EV/EBITDA, Sector | |
| Consumer Services | 19.05 |
| EV/EBITDA, Industry | |
| Consumer Discretionary | 18.03 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Chipotle Mexican Grill Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 70,561,178) | 43,486,686) | 42,695,007) | 42,521,408) | 22,833,338) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 1,939,900) | 1,468,357) | 1,067,420) | 532,315) | 671,063) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 36.37 | 29.62 | 40.00 | 79.88 | 34.03 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Airbnb Inc. | 40.65 | 36.61 | 338.63 | — | — | |
| Booking Holdings Inc. | 19.60 | 19.20 | 45.39 | 73.17 | 10.49 | |
| Carnival Corp. & plc | 11.16 | — | — | — | 8.11 | |
| McDonald’s Corp. | 18.04 | 20.87 | 17.49 | 21.03 | 17.65 | |
| Starbucks Corp. | 17.75 | 19.88 | 18.77 | 38.99 | 17.27 | |
| EV/EBITDA, Sector | ||||||
| Consumer Services | 19.80 | 26.04 | 36.44 | 234.32 | 14.59 | |
| EV/EBITDA, Industry | ||||||
| Consumer Discretionary | 17.81 | 20.07 | 22.01 | 30.96 | 17.37 | |
Based on: 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), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 70,561,178 ÷ 1,939,900 = 36.37
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Chipotle Mexican Grill Inc. EV/EBITDA ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level. |