Podcast by Magellan Asset Management, Magellan Asset Management

MAGELLAN - IN THE KNOW

Podcast by Magellan Asset Management

Magellan Asset Management

‘In The Know’ is a new monthly investment podcast brought to you by Magellan Asset Management, one of Australia’s leading global equities investors. We seek to bring you timely, unique and thought-provoking insights to help you make sense of today’s investment landscape. From deep dives into the latest macroeconomic and geopolitical issues, to our analysis on sectors and stocks on global markets. Join Magellan, as they connect with a myriad of experts in their field, including CEOs of stocks we hold, global leaders and consultants in finance, investing, risk and politics, and key members of our investment team and business. ‘In The Know’ - a monthly podcast from Magellan is worth investing your time in! Magellan - Experts in global investing.

Equity Bottom-Up

Chipotle Mexican Grill / Equity Bottom-Up

<ul><li>Chipotle has grown to 3500 restaurants without relying on franchising or compromising on food quality and people investments</li><li>CFO Jack Hartung discusses Chipotle's unique business model and competitive advantages on Magellan's podcast</li><li>Hartung's background in finance led him to join Chipotle after working with McDonald's and being impressed by the attention to detail and potential for growth</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Chipotle has grown to 3500 restaurants without relying on franchising or compromising on food quality and people investmentsCFO Jack Hartung discusses Chipotle's unique business model and competitive advantages on Magellan's podcastHartung's background in finance led him to join Chipotle after working with McDonald's and being impressed by the attention to detail and potential for growthThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Chipotle Mexican Grill Inc. reported its financial results for the second quarter of fiscal 2024, presenting a robust performance underscored by significant sales growth and strategic corporate initiatives.</li><li>The company highlighted an 18% increase in sales, reaching nearly $3 billion, driven largely by an 11.1% comparable sales growth.</li><li>This impressive sales figure was further bolstered by a 24% growth in in-store sales.</li></ul>

Chipotle Mexican Grill Inc. reported its financial results for the second quarter of fiscal 2024, presenting a robust performance underscored by significant sales growth and strategic corporate initiatives.The company highlighted an 18% increase in sales, reaching nearly $3 billion, driven largely by an 11.1% comparable sales growth.This impressive sales figure was further bolstered by a 24% growth in in-store sales.

Chipotle Mexican Grill: Digital engagement

<ul><li>The first quarter 2024 financial results of Chipotle Mexican Grill showed positive growth with a rising momentum.</li><li>The company reported a 7% comp sales growth driven by over 5% transaction growth.</li><li>Fueled by the company's focus on improving throughput and successful marketing campaigns, sales rose by 14% to reach $2.7 billion.</li></ul>

The first quarter 2024 financial results of Chipotle Mexican Grill showed positive growth with a rising momentum.The company reported a 7% comp sales growth driven by over 5% transaction growth.Fueled by the company's focus on improving throughput and successful marketing campaigns, sales rose by 14% to reach $2.7 billion.

Chipotle Mexican Grill: Is It Successfully Leveraging Technology For Operational Efficiency & How Does Its Future Profitability Look? - Major Drivers

Independent Research, US Dominant Players, Investment Talk

Investment Talk

Independent Research, US Dominant Players

Investment Talk is for readers who wish to learn about companies that are potentially outside of their own circle of research, as well as those who are longing to become part of a community of like-minded investors and learn more about investment research. I would describe myself as a long-term investor who typically takes a 3Y to 5Y outlook, before reassessing once that period matures. I follow the adage that one should research, reach a conclusion, and then verify and continue to hold so long as the thesis remains intact. My own investing style is one that seeks to find dominant players within their respective market who have shown signs of monopoly or oligopolistic behaviour, unlikely to be disrupted, in tandem with discovering market disruptors who have a high likelihood of disrupting their respective market. Equally (and weighted accordingly) I seek to discover more nuanced, misunderstood, situations with a shorter time frame.

<ul><li>Chipotle has notoriously been somewhat of a perpetually “expensive” stock if you take an optical approach.</li><li>Today it trades at ~49x forward earnings; on par with the 10Y mean.</li><li>On a price-to-free cash flow basis, the 58x multiple is slightly below to 10Y mean of 62x, but still relatively expensive. </li></ul>

Chipotle has notoriously been somewhat of a perpetually “expensive” stock if you take an optical approach.Today it trades at ~49x forward earnings; on par with the 10Y mean.On a price-to-free cash flow basis, the 58x multiple is slightly below to 10Y mean of 62x, but still relatively expensive. 

<ul><li>In Q4 FY2023, Chipotle Mexican Grill, Inc.</li><li>(Chipotle) reported a 15% YoY increase in sales, reaching $2.5 billion, driven by an 8.4% comp sales growth on the back of a 7% transaction growth.</li><li>Over the fiscal year, sales increased 14% to reach $9.9 billion backed by a 7.9% comp sales growth.</li></ul>

In Q4 FY2023, Chipotle Mexican Grill, Inc.(Chipotle) reported a 15% YoY increase in sales, reaching $2.5 billion, driven by an 8.4% comp sales growth on the back of a 7% transaction growth.Over the fiscal year, sales increased 14% to reach $9.9 billion backed by a 7.9% comp sales growth.

Chipotle Mexican Grill: Pricing Strategies to Counter Wage Increases & Other Major Developments - Financial Forecasts

United States

Chipotle Mexican Grill, Inc. owns and operates quick serve Mexican restaurants. The Company manages restaurants throughout the United States.

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Chipotle Mexican Grill (CMG US)

Chipotle’s winning growth recipe

Chipotle's CFO, Jack Hartung, discusses the company's unique business model and growth story on a podcast with Magellan, highlighting the brand's...

MAGELLAN - IN THE KNOW

Chipotle Mexican Grill: Digital engagement

Chipotle Mexican Grill Inc. reported its financial results for the second quarter of fiscal 2024, presenting a robust performance underscored by...

Baptista Research

Chipotle Mexican Grill: Is It Successfully Leveraging Technology For Operational Efficiency & How Does Its Future Profitability Look? - Major Drivers

The first quarter 2024 financial results of Chipotle Mexican Grill showed positive growth with a rising momentum. The company reported a 7% comp...

Baptista Research

Is Chipotle Squeezing too Hard?

Chipotle has notoriously been somewhat of a perpetually “expensive” stock if you take an optical approach. Today it trades at ~49x forward...

Investment Talk

Chipotle Mexican Grill: Pricing Strategies to Counter Wage Increases & Other Major Developments - Financial Forecasts

In Q4 FY2023, Chipotle Mexican Grill, Inc. (Chipotle) reported a 15% YoY increase in sales, reaching $2.5 billion, driven by an 8.4% comp sales...

Baptista Research

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