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CHEFS' WAREHOUSE INC/THE (CHEF) Stock Fundamental Analysis

NASDAQ:CHEF - Nasdaq - US1630861011 - Common Stock

54.02  -0.13 (-0.24%)

Fundamental Rating

4

Taking everything into account, CHEF scores 4 out of 10 in our fundamental rating. CHEF was compared to 41 industry peers in the Consumer Staples Distribution & Retail industry. CHEF has only an average score on both its financial health and profitability. While showing a medium growth rate, CHEF is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year CHEF was profitable.
In the past year CHEF had a positive cash flow from operations.
In multiple years CHEF reported negative net income over the last 5 years.
CHEF had a positive operating cash flow in 4 of the past 5 years.
CHEF Yearly Net Income VS EBIT VS OCF VS FCFCHEF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M

1.2 Ratios

Looking at the Return On Assets, with a value of 2.68%, CHEF is in line with its industry, outperforming 45.00% of the companies in the same industry.
With a Return On Equity value of 9.90%, CHEF perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
CHEF's Return On Invested Capital of 5.89% is in line compared to the rest of the industry. CHEF outperforms 52.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CHEF is below the industry average of 8.38%.
The 3 year average ROIC (3.60%) for CHEF is below the current ROIC(5.89%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.68%
ROE 9.9%
ROIC 5.89%
ROA(3y)1.14%
ROA(5y)-0.54%
ROE(3y)4.38%
ROE(5y)-0.74%
ROIC(3y)3.6%
ROIC(5y)N/A
CHEF Yearly ROA, ROE, ROICCHEF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -10 -20

1.3 Margins

CHEF has a Profit Margin of 1.28%. This is comparable to the rest of the industry: CHEF outperforms 55.00% of its industry peers.
CHEF's Profit Margin has declined in the last couple of years.
CHEF has a better Operating Margin (3.31%) than 67.50% of its industry peers.
CHEF's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 24.03%, CHEF is in line with its industry, outperforming 52.50% of the companies in the same industry.
CHEF's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3.31%
PM (TTM) 1.28%
GM 24.03%
OM growth 3YN/A
OM growth 5Y-1.66%
PM growth 3YN/A
PM growth 5Y-6.53%
GM growth 3Y2.04%
GM growth 5Y-0.36%
CHEF Yearly Profit, Operating, Gross MarginsCHEF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20

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4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CHEF is destroying value.
The number of shares outstanding for CHEF has been increased compared to 1 year ago.
CHEF has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CHEF has been reduced compared to a year ago.
CHEF Yearly Shares OutstandingCHEF Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
CHEF Yearly Total Debt VS Total AssetsCHEF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

An Altman-Z score of 3.68 indicates that CHEF is not in any danger for bankruptcy at the moment.
The Altman-Z score of CHEF (3.68) is comparable to the rest of the industry.
The Debt to FCF ratio of CHEF is 12.56, which is on the high side as it means it would take CHEF, 12.56 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CHEF (12.56) is worse than 60.00% of its industry peers.
CHEF has a Debt/Equity ratio of 1.39. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.39, CHEF is doing worse than 80.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.39
Debt/FCF 12.56
Altman-Z 3.68
ROIC/WACC0.74
WACC7.97%
CHEF Yearly LT Debt VS Equity VS FCFCHEF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 1.85 indicates that CHEF should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.85, CHEF belongs to the top of the industry, outperforming 82.50% of the companies in the same industry.
A Quick Ratio of 1.06 indicates that CHEF should not have too much problems paying its short term obligations.
CHEF's Quick ratio of 1.06 is fine compared to the rest of the industry. CHEF outperforms 77.50% of its industry peers.
Industry RankSector Rank
Current Ratio 1.85
Quick Ratio 1.06
CHEF Yearly Current Assets VS Current LiabilitesCHEF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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6

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 7.81% over the past year.
CHEF shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.24% yearly.
CHEF shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.33%.
CHEF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.91% yearly.
EPS 1Y (TTM)7.81%
EPS 3YN/A
EPS 5Y10.24%
EPS Q2Q%9.09%
Revenue 1Y (TTM)13.33%
Revenue growth 3Y45.64%
Revenue growth 5Y18.91%
Sales Q2Q%5.63%

3.2 Future

Based on estimates for the next years, CHEF will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.34% on average per year.
Based on estimates for the next years, CHEF will show a quite strong growth in Revenue. The Revenue will grow by 8.47% on average per year.
EPS Next Y13.65%
EPS Next 2Y18.31%
EPS Next 3Y17.43%
EPS Next 5Y17.34%
Revenue Next Year10.92%
Revenue Next 2Y8.79%
Revenue Next 3Y8.33%
Revenue Next 5Y8.47%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CHEF Yearly Revenue VS EstimatesCHEF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B 5B
CHEF Yearly EPS VS EstimatesCHEF Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 2 -2

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1

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 39.14, CHEF can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of CHEF indicates a slightly more expensive valuation: CHEF is more expensive than 62.50% of the companies listed in the same industry.
CHEF is valuated rather expensively when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
CHEF is valuated quite expensively with a Price/Forward Earnings ratio of 30.39.
CHEF's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of CHEF to the average of the S&P500 Index (24.44), we can say CHEF is valued slightly more expensively.
Industry RankSector Rank
PE 39.14
Fwd PE 30.39
CHEF Price Earnings VS Forward Price EarningsCHEF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

60.00% of the companies in the same industry are cheaper than CHEF, based on the Enterprise Value to EBITDA ratio.
CHEF's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 37.5
EV/EBITDA 15.5
CHEF Per share dataCHEF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CHEF does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as CHEF's earnings are expected to grow with 17.43% in the coming years.
PEG (NY)2.87
PEG (5Y)3.82
EPS Next 2Y18.31%
EPS Next 3Y17.43%

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0

5. Dividend

5.1 Amount

CHEF does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CHEFS' WAREHOUSE INC/THE

NASDAQ:CHEF (1/22/2025, 2:44:07 PM)

54.02

-0.13 (-0.24%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)10-30 2024-10-30/bmo
Earnings (Next)02-12 2025-02-12/amc
Inst Owners92%
Inst Owner Change-0.53%
Ins Owners12.35%
Ins Owner Change-5.16%
Market Cap2.18B
Analysts85.71
Price Target54.19 (0.31%)
Short Float %6.9%
Short Ratio6.33
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.95%
Min EPS beat(2)4.96%
Max EPS beat(2)8.93%
EPS beat(4)4
Avg EPS beat(4)30.17%
Min EPS beat(4)4.96%
Max EPS beat(4)96.08%
EPS beat(8)6
Avg EPS beat(8)12.04%
EPS beat(12)10
Avg EPS beat(12)108.61%
EPS beat(16)12
Avg EPS beat(16)85.63%
Revenue beat(2)0
Avg Revenue beat(2)-1.64%
Min Revenue beat(2)-2.47%
Max Revenue beat(2)-0.82%
Revenue beat(4)2
Avg Revenue beat(4)0.52%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)2.89%
Revenue beat(8)6
Avg Revenue beat(8)3.34%
Revenue beat(12)10
Avg Revenue beat(12)4.11%
Revenue beat(16)14
Avg Revenue beat(16)4.61%
PT rev (1m)4.17%
PT rev (3m)7.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.99%
EPS NY rev (1m)0%
EPS NY rev (3m)1.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.58%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
Industry RankSector Rank
PE 39.14
Fwd PE 30.39
P/S 0.59
P/FCF 37.5
P/OCF 17.95
P/B 4.54
P/tB N/A
EV/EBITDA 15.5
EPS(TTM)1.38
EY2.55%
EPS(NY)1.78
Fwd EY3.29%
FCF(TTM)1.44
FCFY2.67%
OCF(TTM)3.01
OCFY5.57%
SpS91.84
BVpS11.89
TBVpS-1.06
PEG (NY)2.87
PEG (5Y)3.82
Profitability
Industry RankSector Rank
ROA 2.68%
ROE 9.9%
ROCE 9.15%
ROIC 5.89%
ROICexc 6.12%
ROICexgc 10.27%
OM 3.31%
PM (TTM) 1.28%
GM 24.03%
FCFM 1.57%
ROA(3y)1.14%
ROA(5y)-0.54%
ROE(3y)4.38%
ROE(5y)-0.74%
ROIC(3y)3.6%
ROIC(5y)N/A
ROICexc(3y)3.94%
ROICexc(5y)N/A
ROICexgc(3y)6.81%
ROICexgc(5y)N/A
ROCE(3y)5.59%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-5.57%
ROICexc growth 3YN/A
ROICexc growth 5Y-0.56%
OM growth 3YN/A
OM growth 5Y-1.66%
PM growth 3YN/A
PM growth 5Y-6.53%
GM growth 3Y2.04%
GM growth 5Y-0.36%
F-Score8
Asset Turnover2.09
Health
Industry RankSector Rank
Debt/Equity 1.39
Debt/FCF 12.56
Debt/EBITDA 3.6
Cap/Depr 102.15%
Cap/Sales 1.71%
Interest Coverage 2.84
Cash Conversion 65.72%
Profit Quality 122.43%
Current Ratio 1.85
Quick Ratio 1.06
Altman-Z 3.68
F-Score8
WACC7.97%
ROIC/WACC0.74
Cap/Depr(3y)111.38%
Cap/Depr(5y)83.43%
Cap/Sales(3y)1.88%
Cap/Sales(5y)1.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.81%
EPS 3YN/A
EPS 5Y10.24%
EPS Q2Q%9.09%
EPS Next Y13.65%
EPS Next 2Y18.31%
EPS Next 3Y17.43%
EPS Next 5Y17.34%
Revenue 1Y (TTM)13.33%
Revenue growth 3Y45.64%
Revenue growth 5Y18.91%
Sales Q2Q%5.63%
Revenue Next Year10.92%
Revenue Next 2Y8.79%
Revenue Next 3Y8.33%
Revenue Next 5Y8.47%
EBIT growth 1Y25.01%
EBIT growth 3YN/A
EBIT growth 5Y16.94%
EBIT Next Year85.22%
EBIT Next 3Y31.95%
EBIT Next 5Y23.7%
FCF growth 1Y503.73%
FCF growth 3Y-51.02%
FCF growth 5Y-30.11%
OCF growth 1Y218.61%
OCF growth 3Y12.86%
OCF growth 5Y6.46%