CHEFS' WAREHOUSE INC/THE (CHEF)
US1630861011 - Common Stock
We assign a fundamental rating of 4 out of 10 to CHEF. CHEF was compared to 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CHEF had positive earnings in the past year.
In the past year CHEF had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: CHEF reported negative net income in multiple years.
Of the past 5 years CHEF 4 years had a positive operating cash flow.
1.2 Ratios
CHEF's Return On Assets of 2.03% is in line compared to the rest of the industry. CHEF outperforms 46.34% of its industry peers.
CHEF has a Return On Equity (7.61%) which is in line with its industry peers.
CHEF has a Return On Invested Capital (5.08%) which is in line with its industry peers.
CHEF had an Average Return On Invested Capital over the past 3 years of 3.51%. This is significantly below the industry average of 9.90%.
The last Return On Invested Capital (5.08%) for CHEF is above the 3 year average (3.51%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.03% | ||
| ROE | 7.61% | ||
| ROIC | 5.08% |
ROA(3y)1.14%
ROA(5y)-0.54%
ROE(3y)4.38%
ROE(5y)-0.74%
ROIC(3y)3.51%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 1.01%, CHEF is in line with its industry, outperforming 51.22% of the companies in the same industry.
CHEF's Profit Margin has declined in the last couple of years.
CHEF's Operating Margin of 3.03% is in line compared to the rest of the industry. CHEF outperforms 58.54% of its industry peers.
CHEF's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 23.72%, CHEF perfoms like the industry average, outperforming 56.10% 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 | 3.03% | ||
| PM (TTM) | 1.01% | ||
| GM | 23.72% |
OM growth 3YN/A
OM growth 5Y-2.66%
PM growth 3YN/A
PM growth 5Y-6.53%
GM growth 3Y2.04%
GM growth 5Y-0.36%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CHEF is destroying value.
The number of shares outstanding for CHEF has been increased compared to 1 year ago.
The number of shares outstanding for CHEF has been increased compared to 5 years ago.
CHEF has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.17 indicates that CHEF is not in any danger for bankruptcy at the moment.
CHEF has a Altman-Z score (3.17) which is in line with its industry peers.
The Debt to FCF ratio of CHEF is 170.46, which is on the high side as it means it would take CHEF, 170.46 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 170.46, CHEF is not doing good in the industry: 60.98% of the companies in the same industry are doing better.
CHEF has a Debt/Equity ratio of 1.46. This is a high value indicating a heavy dependency on external financing.
CHEF has a Debt to Equity ratio of 1.46. This is amonst the worse of the industry: CHEF underperforms 80.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | 170.46 | ||
| Altman-Z | 3.17 |
ROIC/WACC0.7
WACC7.25%
2.3 Liquidity
A Current Ratio of 1.89 indicates that CHEF should not have too much problems paying its short term obligations.
CHEF's Current ratio of 1.89 is amongst the best of the industry. CHEF outperforms 80.49% of its industry peers.
A Quick Ratio of 1.16 indicates that CHEF should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.16, CHEF belongs to the best of the industry, outperforming 80.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.16 |
3. Growth
3.1 Past
The earnings per share for CHEF have decreased strongly by -15.33% in the last 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 a strong growth in Revenue. In the last year, the Revenue has grown by 31.39%.
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)-15.33%
EPS 3YN/A
EPS 5Y10.24%
EPS growth Q2Q-2.08%
Revenue 1Y (TTM)31.39%
Revenue growth 3Y45.64%
Revenue growth 5Y18.91%
Revenue growth Q2Q20.12%
3.2 Future
The Earnings Per Share is expected to grow by 15.78% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.55% on average over the next years.
EPS Next Y4.81%
EPS Next 2Y14.62%
EPS Next 3Y16.72%
EPS Next 5Y15.78%
Revenue Next Year9.74%
Revenue Next 2Y8.43%
Revenue Next 3Y8.24%
Revenue Next 5Y7.55%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 26.43.
CHEF's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 24.92, CHEF is valued at the same level.
Based on the Price/Forward Earnings ratio of 25.21, the valuation of CHEF can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as CHEF.
CHEF's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.49.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.43 | ||
| Fwd PE | 25.21 |
4.2 Price Multiples
CHEF's Enterprise Value to EBITDA is on the same level as the industry average.
CHEF's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 317.19 | ||
| EV/EBITDA | 12.37 |
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 16.72% in the coming years.
PEG (NY)5.49
PEG (5Y)2.58
EPS Next 2Y14.62%
EPS Next 3Y16.72%
5. Dividend
5.1 Amount
CHEF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CHEFS' WAREHOUSE INC/THE
NASDAQ:CHEF (4/26/2024, 7:00:00 PM)
After market: 33.56 0 (0%)33.56
+0.7 (+2.13%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.34B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.43 | ||
| Fwd PE | 25.21 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)5.49
PEG (5Y)2.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.03% | ||
| ROE | 7.61% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 3.03% | ||
| PM (TTM) | 1.01% | ||
| GM | 23.72% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover2.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.16 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-15.33%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y4.81%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)31.39%
Revenue growth 3Y45.64%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y