CHEFS' WAREHOUSE INC/THE (CHEF) Stock Fundamental Analysis
NASDAQ:CHEF - Nasdaq - US1630861011 - Common Stock - Currency: USD
Taking everything into account, CHEF scores 4 out of 10 in our fundamental rating. CHEF was compared to 40 industry peers in the Consumer Staples Distribution & Retail industry. CHEF has an average financial health and profitability rating. While showing a medium growth rate, CHEF is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
CHEF had positive earnings in the past year.
CHEF had a positive operating cash flow in the past year.
In multiple years CHEF reported negative net income over the last 5 years.
Of the past 5 years CHEF 4 years had a positive operating cash flow.
1.2 Ratios
CHEF has a Return On Assets of 2.98%. This is comparable to the rest of the industry: CHEF outperforms 51.28% of its industry peers.
The Return On Equity of CHEF (10.32%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 6.05%, CHEF perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
CHEF had an Average Return On Invested Capital over the past 3 years of 5.36%. This is below the industry average of 8.35%.
The 3 year average ROIC (5.36%) for CHEF is below the current ROIC(6.05%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 10.32% | ||
| ROIC | 6.05% |
ROA(3y)2.29%
ROA(5y)-0.42%
ROE(3y)8.28%
ROE(5y)-0.12%
ROIC(3y)5.36%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 1.46%, CHEF is in line with its industry, outperforming 58.97% of the companies in the same industry.
CHEF's Profit Margin has been stable in the last couple of years.
With a decent Operating Margin value of 3.46%, CHEF is doing good in the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Operating Margin of CHEF has remained more or less at the same level.
Looking at the Gross Margin, with a value of 24.09%, CHEF is in line with its industry, outperforming 51.28% of the companies in the same industry.
CHEF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.46% | ||
| PM (TTM) | 1.46% | ||
| GM | 24.09% |
OM growth 3Y70.51%
OM growth 5Y1.11%
PM growth 3YN/A
PM growth 5Y-0.78%
GM growth 3Y2.51%
GM growth 5Y-0.16%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CHEF is destroying value.
Compared to 1 year ago, CHEF has less shares outstanding
Compared to 5 years ago, CHEF has more shares outstanding
CHEF has a better debt/assets ratio than last year.
2.2 Solvency
CHEF has an Altman-Z score of 3.86. This indicates that CHEF is financially healthy and has little risk of bankruptcy at the moment.
CHEF has a Altman-Z score (3.86) which is comparable to the rest of the industry.
CHEF has a debt to FCF ratio of 6.83. This is a slightly negative value and a sign of low solvency as CHEF would need 6.83 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.83, CHEF is in line with its industry, outperforming 53.85% of the companies in the same industry.
A Debt/Equity ratio of 1.28 is on the high side and indicates that CHEF has dependencies on debt financing.
The Debt to Equity ratio of CHEF (1.28) is worse than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | 6.83 | ||
| Altman-Z | 3.86 |
ROIC/WACC0.77
WACC7.81%
2.3 Liquidity
A Current Ratio of 2.04 indicates that CHEF has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.04, CHEF belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
A Quick Ratio of 1.30 indicates that CHEF should not have too much problems paying its short term obligations.
The Quick ratio of CHEF (1.30) is better than 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.3 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.96% over the past year.
CHEF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.86% yearly.
Looking at the last year, CHEF shows a quite strong growth in Revenue. The Revenue has grown by 10.50% in the last year.
The Revenue has been growing by 18.97% on average over the past years. This is quite good.
EPS 1Y (TTM)14.96%
EPS 3YN/A
EPS 5Y7.86%
EPS Q2Q%17.02%
Revenue 1Y (TTM)10.5%
Revenue growth 3Y29.53%
Revenue growth 5Y18.97%
Sales Q2Q%8.74%
3.2 Future
CHEF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.87% yearly.
CHEF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.62% yearly.
EPS Next Y19.82%
EPS Next 2Y18.75%
EPS Next 3Y16.27%
EPS Next 5Y16.87%
Revenue Next Year6.54%
Revenue Next 2Y6.94%
Revenue Next 3Y7.5%
Revenue Next 5Y7.62%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
CHEF is valuated quite expensively with a Price/Earnings ratio of 43.42.
Compared to the rest of the industry, the Price/Earnings ratio of CHEF indicates a slightly more expensive valuation: CHEF is more expensive than 64.10% of the companies listed in the same industry.
CHEF is valuated rather expensively when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 36.24, which means the current valuation is very expensive for CHEF.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CHEF is on the same level as its industry peers.
CHEF's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.42 | ||
| Fwd PE | 36.24 |
4.2 Price Multiples
61.54% of the companies in the same industry are cheaper than CHEF, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CHEF indicates a somewhat cheap valuation: CHEF is cheaper than 61.54% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.74 | ||
| EV/EBITDA | 16.4 |
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.
CHEF's earnings are expected to grow with 16.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.19
PEG (5Y)5.52
EPS Next 2Y18.75%
EPS Next 3Y16.27%
5. Dividend
5.1 Amount
No dividends for CHEF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
63.39
-1.56 (-2.4%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners92%
Inst Owner Change6.01%
Ins Owners12.35%
Ins Owner Change-5.16%
Market Cap2.56B
Analysts85.71
Price Target66.3 (4.59%)
Short Float %7.22%
Short Ratio5.58
Dividend
| Industry Rank | Sector 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)5.61%
Min EPS beat(2)4.96%
Max EPS beat(2)6.25%
EPS beat(4)4
Avg EPS beat(4)29.06%
Min EPS beat(4)4.96%
Max EPS beat(4)96.08%
EPS beat(8)6
Avg EPS beat(8)12.74%
EPS beat(12)10
Avg EPS beat(12)106.28%
EPS beat(16)13
Avg EPS beat(16)89.19%
Revenue beat(2)1
Avg Revenue beat(2)-0.72%
Min Revenue beat(2)-2.47%
Max Revenue beat(2)1.03%
Revenue beat(4)2
Avg Revenue beat(4)0.16%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)2.89%
Revenue beat(8)6
Avg Revenue beat(8)2.79%
Revenue beat(12)10
Avg Revenue beat(12)3.55%
Revenue beat(16)14
Avg Revenue beat(16)4.66%
PT rev (1m)6.35%
PT rev (3m)13.32%
EPS NQ rev (1m)-1.05%
EPS NQ rev (3m)0.35%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)0.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.42 | ||
| Fwd PE | 36.24 | ||
| P/S | 0.68 | ||
| P/FCF | 24.74 | ||
| P/OCF | 16.74 | ||
| P/B | 4.76 | ||
| P/tB | 122.18 | ||
| EV/EBITDA | 16.4 |
EPS(TTM)1.46
EY2.3%
EPS(NY)1.75
Fwd EY2.76%
FCF(TTM)2.56
FCFY4.04%
OCF(TTM)3.79
OCFY5.98%
SpS93.89
BVpS13.3
TBVpS0.52
PEG (NY)2.19
PEG (5Y)5.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 10.32% | ||
| ROCE | 9.15% | ||
| ROIC | 6.05% | ||
| ROICexc | 6.57% | ||
| ROICexgc | 10.8% | ||
| OM | 3.46% | ||
| PM (TTM) | 1.46% | ||
| GM | 24.09% | ||
| FCFM | 2.73% |
ROA(3y)2.29%
ROA(5y)-0.42%
ROE(3y)8.28%
ROE(5y)-0.12%
ROIC(3y)5.36%
ROIC(5y)N/A
ROICexc(3y)5.84%
ROICexc(5y)N/A
ROICexgc(3y)9.91%
ROICexgc(5y)N/A
ROCE(3y)8.12%
ROCE(5y)N/A
ROICexcg growth 3Y80.14%
ROICexcg growth 5Y3.97%
ROICexc growth 3Y83.93%
ROICexc growth 5Y6.68%
OM growth 3Y70.51%
OM growth 5Y1.11%
PM growth 3YN/A
PM growth 5Y-0.78%
GM growth 3Y2.51%
GM growth 5Y-0.16%
F-Score9
Asset Turnover2.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | 6.83 | ||
| Debt/EBITDA | 3.51 | ||
| Cap/Depr | 76.24% | ||
| Cap/Sales | 1.3% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.05% | ||
| Profit Quality | 186.66% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.3 | ||
| Altman-Z | 3.86 |
F-Score9
WACC7.81%
ROIC/WACC0.77
Cap/Depr(3y)99.81%
Cap/Depr(5y)86.31%
Cap/Sales(3y)1.58%
Cap/Sales(5y)1.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.96%
EPS 3YN/A
EPS 5Y7.86%
EPS Q2Q%17.02%
EPS Next Y19.82%
EPS Next 2Y18.75%
EPS Next 3Y16.27%
EPS Next 5Y16.87%
Revenue 1Y (TTM)10.5%
Revenue growth 3Y29.53%
Revenue growth 5Y18.97%
Sales Q2Q%8.74%
Revenue Next Year6.54%
Revenue Next 2Y6.94%
Revenue Next 3Y7.5%
Revenue Next 5Y7.62%
EBIT growth 1Y25.76%
EBIT growth 3Y120.86%
EBIT growth 5Y20.29%
EBIT Next Year82.34%
EBIT Next 3Y31.55%
EBIT Next 5Y26%
FCF growth 1Y2358.57%
FCF growth 3YN/A
FCF growth 5Y29.05%
OCF growth 1Y148.32%
OCF growth 3YN/A
OCF growth 5Y27.74%