The Chefs' Warehouse, Inc. logo CHEF - The Chefs' Warehouse, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $83.33 DETAILS
HIGH: $84.00
LOW: $83.00
MEDIAN: $83.00
CONSENSUS: $83.33
DOWNSIDE: 13.01%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 192.9% above fair value
Current Price $95.79
Bear Case $5.41 94.3% downside ($5.41 - $95.79) / $95.79 = -94.3% 8% stage 1 growth, 12% discount
Fair Value $32.70 65.9% downside ($32.70 - $95.79) / $95.79 = -65.9% 13% stage 1 growth, 12% discount
Bull Case $61.61 35.7% downside ($61.61 - $95.79) / $95.79 = -35.7% 17% stage 1 growth, 12% discount

Adjust Assumptions

13.1%
12.0%
3.0%

Key Value Driver

FCF growth rate (13% base case)

Terminal Value % of EV 37%
Implied Market Multiple 69.0x
Market is pricing in (growth) 27.7% vs our 13.1% base

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $83.33 from 15 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $32.70 per share.

Warnings

Wall Street's average price target is $83.33 (from 15 analysts). Our estimate is 81% below the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions