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== Summary == | == Summary == | ||
History of CMG | |||
CMG was founded in 1993 by founder , Steve Ells with the first outlet opened in Denver , Colorado through a loan of $85,000 from his father,Bob Ells . The outlet was well received in the community and Steve was able to raise another $1.3m from friends and family for expansion purposes . | |||
With the help of a family friend , Steve was able to get an appointment with the management of McDonalds , who committed an investment of $50m to fuel rapid growth . With the help of a corporate overlord , CMG was able to grow its outlets from 13 to 500 by 2006 | |||
In 2006 , the company decided to launch its IPO . McDonalds , which by that time owned approximately 90% of the shares decided to fully divest its stake from the company through the IPO and secondary market sale . | |||
Profile | |||
CMG is a QSR chain specialising in Mexican “fast-casual” food serving burritos , burrito bowls , salads , quesadillas , tacos , etc. The company takes pride in the fact that all of its food served is devoid of artificial flavours , colors and preservatives . Another USP of CMG is the fact that the company does not use any frozen ingredients or canned food in the preparation of menu items . All this is enshrined in the motto of the company - “Real Ingredients . Real Purpose . Real Flavour .” | |||
As of 31/12/2022 , the company has 3187 restaurants spread across 5 countries – U.S.A , Canada , U.K. , France and Germany (CMG 2023) , but the company still derives a majority of its revenues ( 96.6% ) from the U.S.A , which has approximately 3102 restaurants as of 15/10/22 . The company has also recently stated that its aims to open new outlets in the Middle East – United Arab Emirates and Kuwait in 2024 . The current , CEO – Brain Niccol has stated that the long-term vision of the company is to open 7000 outlets in North America with planned expansion in other geographies as well . | |||
<u>Key Financial Data</u> | |||
Listed on : NYSE | |||
Tickr : CMG | |||
Market capitalization : $52.774 billion ( as on 27/07/23 ) | |||
P/E = 55 | |||
P/S = 6.65 | |||
P/Book = 23.78 | |||
ROA = 12.6% | |||
ROE = 44.74% | |||
CMG has had a stellar run in the secondary market with the share price appreciating by 370.35% in the past 5 years . It had its debut on the stock exchange on January 26,2006 when the share opened at a price of $22 per share . Since then , the company has given a return of approximately 4761.66% to the initial IPO investors as compared to a return of 258.43% to index fund investors in the S&P 500 ( Capital IQ) during the same period . | |||
__INDEX__ | |||
Latest revision as of 18:35, 27 July 2023
SummaryEdit
History of CMG
CMG was founded in 1993 by founder , Steve Ells with the first outlet opened in Denver , Colorado through a loan of $85,000 from his father,Bob Ells . The outlet was well received in the community and Steve was able to raise another $1.3m from friends and family for expansion purposes .
With the help of a family friend , Steve was able to get an appointment with the management of McDonalds , who committed an investment of $50m to fuel rapid growth . With the help of a corporate overlord , CMG was able to grow its outlets from 13 to 500 by 2006
In 2006 , the company decided to launch its IPO . McDonalds , which by that time owned approximately 90% of the shares decided to fully divest its stake from the company through the IPO and secondary market sale .
Profile
CMG is a QSR chain specialising in Mexican “fast-casual” food serving burritos , burrito bowls , salads , quesadillas , tacos , etc. The company takes pride in the fact that all of its food served is devoid of artificial flavours , colors and preservatives . Another USP of CMG is the fact that the company does not use any frozen ingredients or canned food in the preparation of menu items . All this is enshrined in the motto of the company - “Real Ingredients . Real Purpose . Real Flavour .”
As of 31/12/2022 , the company has 3187 restaurants spread across 5 countries – U.S.A , Canada , U.K. , France and Germany (CMG 2023) , but the company still derives a majority of its revenues ( 96.6% ) from the U.S.A , which has approximately 3102 restaurants as of 15/10/22 . The company has also recently stated that its aims to open new outlets in the Middle East – United Arab Emirates and Kuwait in 2024 . The current , CEO – Brain Niccol has stated that the long-term vision of the company is to open 7000 outlets in North America with planned expansion in other geographies as well .
Key Financial Data
Listed on : NYSE
Tickr : CMG
Market capitalization : $52.774 billion ( as on 27/07/23 )
P/E = 55
P/S = 6.65
P/Book = 23.78
ROA = 12.6%
ROE = 44.74%
CMG has had a stellar run in the secondary market with the share price appreciating by 370.35% in the past 5 years . It had its debut on the stock exchange on January 26,2006 when the share opened at a price of $22 per share . Since then , the company has given a return of approximately 4761.66% to the initial IPO investors as compared to a return of 258.43% to index fund investors in the S&P 500 ( Capital IQ) during the same period .