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

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $111.00 DETAILS
HIGH: $125.00
LOW: $97.00
MEDIAN: $111.00
CONSENSUS: $111.00
DOWNSIDE: 0.70%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 199.5% above fair value
Current Price $111.78
Bear Case $15.97 85.7% downside ($15.97 - $111.78) / $111.78 = -85.7% 9% stage 1 growth, 12% discount
Fair Value $37.33 66.6% downside ($37.33 - $111.78) / $111.78 = -66.6% 14% stage 1 growth, 12% discount
Bull Case $60.51 45.9% downside ($60.51 - $111.78) / $111.78 = -45.9% 18% stage 1 growth, 12% discount

Adjust Assumptions

14.2%
12.0%
3.0%

Key Value Driver

FCF growth rate (14% base case)

Terminal Value % of EV 38%
Implied Market Multiple 55.7x
Market is pricing in (growth) 24.8% vs our 14.2% base

Plain-Language Summary

Using a two-stage FCF DCF with 14% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $37.33 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (17 analysts) $111.00
Analyst Range $97.00 – $125.00
Divergence from AlphaVal 66%

Warnings

Wall Street's average price target is $111.00 (from 17 analysts). Our estimate is 66% 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