Chefs' Warehouse
Market Cap
US$276.6m
Last Updated
2020/04/03 03:58 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.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with solid track record.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-15.2%
CHEF
4.2%
US Consumer Retailing
-2.0%
US Market
1 Year Return
-71.3%
CHEF
9.3%
US Consumer Retailing
-15.1%
US Market
Return vs Industry: CHEF underperformed the US Consumer Retailing industry which returned 9.2% over the past year.
Return vs Market: CHEF underperformed the US Market which returned -14.9% over the past year.
Shareholder returns
| CHEF | Industry | Market | |
|---|---|---|---|
| 7 Day | -15.2% | 4.2% | -2.0% |
| 30 Day | -69.6% | -5.4% | -19.7% |
| 90 Day | -76.3% | -7.4% | -23.2% |
| 1 Year | -71.3%-71.3% | 11.3%9.3% | -13.4%-15.1% |
| 3 Year | -35.1%-35.1% | 38.9%30.1% | 10.9%3.7% |
| 5 Year | -57.9%-57.9% | 37.6%23.4% | 28.4%14.4% |
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
3 weeks ago | Simply Wall St
How Does Chefs' Warehouse's (NASDAQ:CHEF) P/E Compare To Its Industry, After The Share Price Drop?1 month ago | Simply Wall St
Should You Investigate The Chefs' Warehouse, Inc. (NASDAQ:CHEF) At US$34.43?1 month ago | Simply Wall St
The Chefs' Warehouse, Inc. Just Released Its Full-Year Earnings: Here's What Analysts ThinkValuation
Is Chefs' Warehouse undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CHEF ($9.08) is trading below our estimate of fair value ($39.99)
Significantly Below Fair Value: CHEF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CHEF is good value based on its PE Ratio (11.1x) compared to the Consumer Retailing industry average (16.2x).
PE vs Market: CHEF is good value based on its PE Ratio (11.1x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: CHEF is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: CHEF is good value based on its PB Ratio (0.8x) compared to the US Consumer Retailing industry average (1.2x).
Next Steps
Future Growth
How is Chefs' Warehouse forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
14.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHEF's forecast earnings growth (14.3% per year) is above the savings rate (1.7%).
Earnings vs Market: CHEF's earnings (14.3% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: CHEF's earnings are forecast to grow, but not significantly.
Revenue vs Market: CHEF's revenue (1.3% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: CHEF's revenue (1.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CHEF's Return on Equity is forecast to be low in 3 years time (10.4%).
Next Steps
Past Performance
How has Chefs' Warehouse performed over the past 5 years?
16.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHEF has high quality earnings.
Growing Profit Margin: CHEF's current net profit margins (1.5%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: CHEF's earnings have grown by 16.9% per year over the past 5 years.
Accelerating Growth: CHEF's earnings growth over the past year (18.5%) exceeds its 5-year average (16.9% per year).
Earnings vs Industry: CHEF earnings growth over the past year (18.5%) exceeded the Consumer Retailing industry -0.6%.
Return on Equity
High ROE: CHEF's Return on Equity (7.2%) is considered low.
Next Steps
Financial Health
How is Chefs' Warehouse's financial position?
Financial Position Analysis
Short Term Liabilities: CHEF's short term assets ($453.2M) exceed its short term liabilities ($150.2M).
Long Term Liabilities: CHEF's short term assets ($453.2M) do not cover its long term liabilities ($527.6M).
Debt to Equity History and Analysis
Debt Level: CHEF's debt to equity ratio (114%) is considered high.
Reducing Debt: CHEF's debt to equity ratio has increased from 97.8% to 114% over the past 5 years.
Debt Coverage: CHEF's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: CHEF's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Inventory Level: CHEF has a high level of physical assets or inventory.
Debt Coverage by Assets: CHEF's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Chefs' Warehouse's 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 payouts.
High Dividend: Unable to evaluate CHEF's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?
8.3yrs
Average management tenure
CEO
Chris Pappas (59yo)
35.25s
Tenure
US$2,356,196
Compensation
Mr. Christopher Pappas, also known as Chris, serves as Chairman, Chief Executive Officer and President at Qzina Specialty Foods, Inc. Mr. Pappas Founded The Chefs' Warehouse, Inc., an affiliate of DAIRYLAN ...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD2.36M) is above average for companies of similar size in the US market ($USD1.49M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 35.25yrs | US$2.36m | 10.64% $29.4m | |
| Founder & Vice Chairman | 9.08yrs | US$1.30m | 4.61% $12.8m | |
| CFO & Assistant Secretary | 2.42yrs | US$885.42k | 0.28% $764.5k | |
| General Counsel | 9.08yrs | US$823.72k | 0.38% $1.0m | |
| Chief Human Resources Officer | 13.08yrs | US$648.12k | 0.33% $920.9k | |
| Chief Accounting Officer | 2.17yrs | no data | 0.18% $492.7k | |
| Executive Vice President | no data | no data | no data | |
| Executive Vice President of Supply Chain & Business Intelligence | 7.58yrs | no data | no data | |
| Executive Vice President of Business Intelligence | 3.83yrs | no data | no data |
8.3yrs
Average Tenure
55yo
Average Age
Experienced Management: CHEF's management team is seasoned and experienced (8.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 35.25yrs | US$2.36m | 10.64% $29.4m | |
| Founder & Vice Chairman | 9.08yrs | US$1.30m | 4.61% $12.8m | |
| Independent Director | 4.08yrs | US$112.51k | 0.040% $110.9k | |
| Independent Director | 8.75yrs | US$112.01k | 0.20% $563.2k | |
| Independent Director | 4.42yrs | US$107.76k | 0.053% $146.0k | |
| Independent Director | 7.42yrs | US$119.01k | 0.10% $285.4k | |
| Lead Director | no data | US$135.51k | 0.068% $188.5k | |
| Independent Director | 7.58yrs | US$113.01k | 0.080% $220.7k |
7.6yrs
Average Tenure
59yo
Average Age
Experienced Board: CHEF's board of directors are considered experienced (7.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CHEF insiders have bought more shares than they have sold 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 2.9%.
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$276.619m
- Shares outstanding: 30.46m
- 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 comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products. The company also offers a line of center-of-the-plate products, including custom cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour. It serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores. The company markets its center-of-the-plate products directly to consumers through a mail and e-commerce platform. The Chefs' Warehouse, Inc. was founded in 1985 and is headquartered in Ridgefield, Connecticut.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 03:58 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/27 |
| 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.