Chefs' Warehouse
Market Cap
US$996.7m
Last Updated
2021/01/16 23:47 UTC
Data Sources
Company Financials +
Executive Summary
The Chefs' Warehouse, Inc., together with its subsidiaries, distributes specialty food products in the United States and Canada. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has Chefs' Warehouse's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CHEF is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: CHEF's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.
Market Performance
7 Day Return
3.9%
CHEF
-0.4%
US Consumer Retailing
-1.0%
US Market
1 Year Return
-31.8%
CHEF
19.8%
US Consumer Retailing
19.6%
US Market
Return vs Industry: CHEF underperformed the US Consumer Retailing industry which returned 19.8% over the past year.
Return vs Market: CHEF underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| CHEF | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | -0.4% | -1.0% |
| 30 Day | 8.2% | 0.6% | 2.2% |
| 90 Day | 67.2% | 1.1% | 11.5% |
| 1 Year | -31.8%-31.8% | 22.5%19.8% | 22.3%19.6% |
| 3 Year | 29.0%29.0% | 42.1%33.6% | 45.3%35.7% |
| 5 Year | 92.9%92.9% | 100.0%79.0% | 124.8%99.8% |
Long-Term Price Volatility Vs. Market
How volatile is Chefs' Warehouse's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall St
Should We Be Excited About The Trends Of Returns At Chefs' Warehouse (NASDAQ:CHEF)?10 months ago | Simply Wall St
How Does Chefs' Warehouse's (NASDAQ:CHEF) P/E Compare To Its Industry, After The Share Price Drop?10 months ago | Simply Wall St
Should You Investigate The Chefs' Warehouse, Inc. (NASDAQ:CHEF) At US$34.43?Valuation
Is Chefs' Warehouse undervalued compared to its fair value and its price relative to the market?
38.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CHEF ($26.39) is trading below our estimate of fair value ($42.98)
Significantly Below Fair Value: CHEF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CHEF is unprofitable, so we can't compare its PE Ratio to the US Consumer Retailing industry average.
PE vs Market: CHEF is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CHEF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CHEF is overvalued based on its PB Ratio (2.6x) compared to the US Consumer Retailing industry average (2.2x).
Next Steps
Future Growth
How is Chefs' Warehouse forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
124.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHEF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: CHEF is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CHEF's is expected to become profitable in the next 3 years.
Revenue vs Market: CHEF's revenue (17.1% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: CHEF's revenue (17.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CHEF's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Chefs' Warehouse performed over the past 5 years?
-12.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHEF is currently unprofitable.
Growing Profit Margin: CHEF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CHEF is unprofitable, and losses have increased over the past 5 years at a rate of 12.8% per year.
Accelerating Growth: Unable to compare CHEF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CHEF is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (57.8%).
Return on Equity
High ROE: CHEF has a negative Return on Equity (-9.25%), as it is currently unprofitable.
Next Steps
Financial Health
How is Chefs' Warehouse's financial position?
Financial Position Analysis
Short Term Liabilities: CHEF's short term assets ($438.8M) exceed its short term liabilities ($135.1M).
Long Term Liabilities: CHEF's short term assets ($438.8M) do not cover its long term liabilities ($518.6M).
Debt to Equity History and Analysis
Debt Level: CHEF's debt to equity ratio (102.6%) is considered high.
Reducing Debt: CHEF's debt to equity ratio has reduced from 160.4% to 102.6% over the past 5 years.
Debt Coverage: CHEF's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: Insufficient data to determine if CHEF's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Chefs' Warehouse current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CHEF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CHEF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CHEF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CHEF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CHEF's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.1yrs
Average management tenure
CEO
Chris Pappas (60 yo)
36yrs
Tenure
US$3,197,863
Compensation
Mr. Christopher Pappas, also known as Chris, serves as Chairman, Chief Executive Officer and President at Qzina Specialty Foods, Inc. Mr. Pappas Founded The Chefs' Warehouse, Inc., an affiliate of DAIRYLAN...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD3.20M) is above average for companies of similar size in the US market ($USD2.42M).
Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 36yrs | US$3.20m | 10.52% $ 104.9m | |
| Founder & Vice Chairman | 9.83yrs | US$1.74m | 5.53% $ 55.1m | |
| CFO & Assistant Secretary | 3.17yrs | US$1.15m | 0.20% $ 2.0m | |
| General Counsel | 9.83yrs | US$1.08m | 0.28% $ 2.8m | |
| Chief Human Resources Officer | 13.83yrs | US$842.84k | 0.25% $ 2.5m | |
| Chief Accounting Officer | 2.92yrs | no data | 0.12% $ 1.2m | |
| Executive Vice President | no data | no data | no data | |
| Executive Vice President of Supply Chain & Business Intelligence | 8.33yrs | no data | no data | |
| Executive Vice President of Business Intelligence | 4.58yrs | no data | no data |
9.1yrs
Average Tenure
56yo
Average Age
Experienced Management: CHEF's management team is seasoned and experienced (9.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 36yrs | US$3.20m | 10.52% $ 104.9m | |
| Founder & Vice Chairman | 9.83yrs | US$1.74m | 5.53% $ 55.1m | |
| Independent Director | 4.83yrs | US$104.01k | 0.053% $ 526.8k | |
| Independent Director | no data | no data | 0.0075% $ 75.1k | |
| Independent Director | 9.5yrs | US$112.01k | 0.18% $ 1.8m | |
| Independent Director | 5.17yrs | US$109.01k | 0.063% $ 628.6k | |
| Independent Director | 8.17yrs | US$119.01k | 0.10% $ 1.0m | |
| Independent Lead Director | no data | US$138.01k | 0.075% $ 752.2k | |
| Independent Director | 8.33yrs | US$121.64k | 0.085% $ 845.9k | |
| Independent Director | no data | no data | 0.0075% $ 75.1k |
8.3yrs
Average Tenure
60yo
Average Age
Experienced Board: CHEF's board of directors are considered experienced (8.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CHEF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.5%.
Top Shareholders
Company Information
The Chefs' Warehouse, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: The Chefs' Warehouse, Inc.
- Ticker: CHEF
- Exchange: NasdaqGS
- Founded: 1985
- Industry: Food Distributors
- Sector: Consumer Retailing
- Market Cap: US$996.743m
- Shares outstanding: 37.77m
- Website: https://www.chefswarehouse.com
Number of Employees
Location
- The Chefs' Warehouse, Inc.
- 100 East Ridge Road
- Ridgefield
- Connecticut
- 6877
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CHEF | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Jul 2011 |
| 2CF | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 2011 |
Biography
The Chefs' Warehouse, Inc., together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comp...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 23:47 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/25 |
| Annual Earnings | 2019/12/27 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.