CHEFS' WAREHOUSE INC/THE (CHEF) Stock Fundamental Analysis
NASDAQ:CHEF - Nasdaq - US1630861011 - Common Stock - Currency: USD
CHEF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 41 industry peers in the Consumer Staples Distribution & Retail industry. Both the profitability and the financial health of CHEF get a neutral evaluation. Nothing too spectacular is happening here. CHEF is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CHEF was profitable.
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 (3.47%) which is comparable to the rest of the industry.
With a decent Return On Equity value of 11.79%, CHEF is doing good in the industry, outperforming 60.98% of the companies in the same industry.
The Return On Invested Capital of CHEF (6.23%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for CHEF is below the industry average of 7.97%.
The 3 year average ROIC (5.37%) for CHEF is below the current ROIC(6.23%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.47% | ||
| ROE | 11.79% | ||
| ROIC | 6.23% |
ROA(3y)2.29%
ROA(5y)-0.42%
ROE(3y)8.28%
ROE(5y)-0.12%
ROIC(3y)5.37%
ROIC(5y)N/A
1.3 Margins
CHEF has a Profit Margin (1.65%) which is in line with its industry peers.
CHEF's Profit Margin has been stable in the last couple of years.
CHEF has a Operating Margin of 3.49%. This is in the better half of the industry: CHEF outperforms 68.29% of its industry peers.
In the last couple of years the Operating Margin of CHEF has remained more or less at the same level.
With a Gross Margin value of 24.05%, CHEF perfoms like the industry average, outperforming 53.66% of the companies in the same industry.
In the last couple of years the Gross Margin of CHEF has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.49% | ||
| PM (TTM) | 1.65% | ||
| GM | 24.05% |
OM growth 3Y70.65%
OM growth 5Y1.16%
PM growth 3YN/A
PM growth 5Y-0.78%
GM growth 3Y2.51%
GM growth 5Y-0.16%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CHEF is destroying value.
CHEF has more shares outstanding than it did 1 year ago.
CHEF has more shares outstanding than it did 5 years ago.
CHEF has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.90 indicates that CHEF is not in any danger for bankruptcy at the moment.
The Altman-Z score of CHEF (3.90) is comparable to the rest of the industry.
CHEF has a debt to FCF ratio of 5.52. This is a neutral value as CHEF would need 5.52 years to pay back of all of its debts.
The Debt to FCF ratio of CHEF (5.52) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.26 is on the high side and indicates that CHEF has dependencies on debt financing.
CHEF has a Debt to Equity ratio of 1.26. This is in the lower half of the industry: CHEF underperforms 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | 5.52 | ||
| Altman-Z | 3.9 |
ROIC/WACC0.47
WACC13.34%
2.3 Liquidity
CHEF has a Current Ratio of 2.05. This indicates that CHEF is financially healthy and has no problem in meeting its short term obligations.
CHEF has a Current ratio of 2.05. This is amongst the best in the industry. CHEF outperforms 85.37% of its industry peers.
A Quick Ratio of 1.27 indicates that CHEF should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.27, CHEF belongs to the top of the industry, outperforming 82.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.05 | ||
| Quick Ratio | 1.27 |
3. Growth
3.1 Past
CHEF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.00%, which is quite impressive.
The Earnings Per Share has been growing slightly by 7.86% on average over the past years.
Looking at the last year, CHEF shows a small growth in Revenue. The Revenue has grown by 7.86% in the last year.
Measured over the past years, CHEF shows a quite strong growth in Revenue. The Revenue has been growing by 18.97% on average per year.
EPS 1Y (TTM)20%
EPS 3YN/A
EPS 5Y7.86%
EPS Q2Q%66.67%
Revenue 1Y (TTM)7.86%
Revenue growth 3Y29.53%
Revenue growth 5Y18.97%
Sales Q2Q%8.72%
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 18.26% yearly.
CHEF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 8.00% yearly.
EPS Next Y17.79%
EPS Next 2Y18.38%
EPS Next 3Y17.72%
EPS Next 5Y18.26%
Revenue Next Year7.22%
Revenue Next 2Y5.22%
Revenue Next 3Y7.83%
Revenue Next 5Y8%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CHEF is valuated quite expensively with a Price/Earnings ratio of 39.40.
Compared to the rest of the industry, the Price/Earnings ratio of CHEF indicates a slightly more expensive valuation: CHEF is more expensive than 68.29% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, CHEF is valued a bit more expensive.
CHEF is valuated quite expensively with a Price/Forward Earnings ratio of 30.04.
The rest of the industry has a similar Price/Forward Earnings ratio as CHEF.
CHEF is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.4 | ||
| Fwd PE | 30.04 |
4.2 Price Multiples
CHEF's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CHEF is more expensive than 60.98% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CHEF is valued a bit cheaper than 60.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.7 | ||
| EV/EBITDA | 15.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as CHEF's earnings are expected to grow with 17.72% in the coming years.
PEG (NY)2.22
PEG (5Y)5.01
EPS Next 2Y18.38%
EPS Next 3Y17.72%
5. Dividend
5.1 Amount
No dividends for CHEF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
61.47
-0.55 (-0.89%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners94.71%
Inst Owner Change1.49%
Ins Owners11.28%
Ins Owner Change-7.01%
Market Cap2.50B
Analysts85.71
Price Target72.68 (18.24%)
Short Float %10.6%
Short Ratio8.2
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)16.51%
Min EPS beat(2)6.25%
Max EPS beat(2)26.78%
EPS beat(4)4
Avg EPS beat(4)11.73%
Min EPS beat(4)4.96%
Max EPS beat(4)26.78%
EPS beat(8)6
Avg EPS beat(8)15.21%
EPS beat(12)10
Avg EPS beat(12)18.77%
EPS beat(16)14
Avg EPS beat(16)91.84%
Revenue beat(2)2
Avg Revenue beat(2)0.82%
Min Revenue beat(2)0.6%
Max Revenue beat(2)1.03%
Revenue beat(4)2
Avg Revenue beat(4)-0.41%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)1.03%
Revenue beat(8)6
Avg Revenue beat(8)1.51%
Revenue beat(12)10
Avg Revenue beat(12)3.22%
Revenue beat(16)14
Avg Revenue beat(16)4.58%
PT rev (1m)2.89%
PT rev (3m)4.59%
EPS NQ rev (1m)1.35%
EPS NQ rev (3m)-1.02%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.1%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.4 | ||
| Fwd PE | 30.04 | ||
| P/S | 0.65 | ||
| P/FCF | 19.7 | ||
| P/OCF | 14.56 | ||
| P/B | 4.62 | ||
| P/tB | 80.68 | ||
| EV/EBITDA | 15.21 |
EPS(TTM)1.56
EY2.54%
EPS(NY)2.05
Fwd EY3.33%
FCF(TTM)3.12
FCFY5.08%
OCF(TTM)4.22
OCFY6.87%
SpS95.14
BVpS13.31
TBVpS0.76
PEG (NY)2.22
PEG (5Y)5.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.47% | ||
| ROE | 11.79% | ||
| ROCE | 9.43% | ||
| ROIC | 6.23% | ||
| ROICexc | 6.78% | ||
| ROICexgc | 11.08% | ||
| OM | 3.49% | ||
| PM (TTM) | 1.65% | ||
| GM | 24.05% | ||
| FCFM | 3.28% |
ROA(3y)2.29%
ROA(5y)-0.42%
ROE(3y)8.28%
ROE(5y)-0.12%
ROIC(3y)5.37%
ROIC(5y)N/A
ROICexc(3y)5.85%
ROICexc(5y)N/A
ROICexgc(3y)9.92%
ROICexgc(5y)N/A
ROCE(3y)8.12%
ROCE(5y)N/A
ROICexcg growth 3Y80.28%
ROICexcg growth 5Y4.02%
ROICexc growth 3Y84.08%
ROICexc growth 5Y6.73%
OM growth 3Y70.65%
OM growth 5Y1.16%
PM growth 3YN/A
PM growth 5Y-0.78%
GM growth 3Y2.51%
GM growth 5Y-0.16%
F-Score8
Asset Turnover2.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | 5.52 | ||
| Debt/EBITDA | 3.36 | ||
| Cap/Depr | 65.99% | ||
| Cap/Sales | 1.16% | ||
| Interest Coverage | 3.33 | ||
| Cash Conversion | 84.68% | ||
| Profit Quality | 198.86% | ||
| Current Ratio | 2.05 | ||
| Quick Ratio | 1.27 | ||
| Altman-Z | 3.9 |
F-Score8
WACC13.34%
ROIC/WACC0.47
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)20%
EPS 3YN/A
EPS 5Y7.86%
EPS Q2Q%66.67%
EPS Next Y17.79%
EPS Next 2Y18.38%
EPS Next 3Y17.72%
EPS Next 5Y18.26%
Revenue 1Y (TTM)7.86%
Revenue growth 3Y29.53%
Revenue growth 5Y18.97%
Sales Q2Q%8.72%
Revenue Next Year7.22%
Revenue Next 2Y5.22%
Revenue Next 3Y7.83%
Revenue Next 5Y8%
EBIT growth 1Y22.49%
EBIT growth 3Y121.04%
EBIT growth 5Y20.35%
EBIT Next Year84.85%
EBIT Next 3Y31.84%
EBIT Next 5Y26.66%
FCF growth 1Y526.7%
FCF growth 3YN/A
FCF growth 5Y29.05%
OCF growth 1Y1521.6%
OCF growth 3YN/A
OCF growth 5Y27.74%