Chipotle ($CMG) DCF Valuation Model | Built By Former JP Morgan Banker!

🖥️Wall Street Prep - Hedge Fund Investing Certification🖥️ ► Use code RARELIQUID to get $300 OFF! ► https://secure.enroll.wharton.wallstr... ⬇️Download the Excel for FREE⬇️ ► https://www.wallstreetprep.com/access... 🚀My 1-1 Banking Mentorship Program🚀 ► Work with me to secure an investment banking offer: https://www.bankingaccelerator.com/ 👇Sign up for my newsletter👇 ► Get job openings every week, recruiting advice, and more: https://rareliquid.com/ ⏱️Timestamps⏱️ 0:00 - Introduction 7:44 - Chipotle Situation Overview 9:00 - Trading Comps 13:00 - DCF Starts 15:57 - Income Statement 27:40 - Cash Flow Items 34:20 - Projecting Free Cash Flow 54:58 - Mid-Year Convention 57:30 - Calculating Diluted Shares 1:13:05 - WACC 1:16:50 - Present Value of Free Cash Flow 1:19:43 - Terminal Value 1:22:25 - Implied Share Price 1:35:49 - Price Discussion 1:38:37 - Sensitivity Table