CHEF - The Chefs' Warehouse, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$83.33
DETAILS
HIGH:
$84.00
LOW:
$83.00
MEDIAN:
$83.00
CONSENSUS:
$83.33
UPSIDE:
8.99%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||
| Revenue | 4,149.5 | 3,794.2 | 3,433.8 | 2,613.4 | 1,745.8 | 1,111.6 | 1,591.8 | 1,444.6 | 1,301.5 | 1,192.9 | 1,059.0 | 836.6 | 673.5 | 480.3 | 400.6 | 330.1 | 271.1 |
| Cost of Revenue | 3,145.4 | 2,880.1 | 2,619.3 | 1,994.8 | 1,355.3 | 863.5 | 1,185.5 | 1,077.6 | 972.1 | 891.6 | 789.5 | 630.6 | 501.2 | 355.3 | 294.7 | 244.3 | 199.8 |
| Gross Profit | 1,004.1 | 914.1 | 814.5 | 618.6 | 390.5 | 248.2 | 406.4 | 367.0 | 329.4 | 301.2 | 269.5 | 206.1 | 172.4 | 125.0 | 105.9 | 85.8 | 71.3 |
| Operating Expenses | |||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 849.8 | 784.9 | 704.8 | 518.2 | 379.3 | 336.4 | 349.7 | 316.8 | 288.8 | 264.0 | 227.8 | 175.6 | 135.3 | 95.4 | 0 | 0 | 0 |
| Other Expenses | 1.2 | 1.1 | 8.8 | 14.7 | 0.4 | 14.4 | 5.9 | 0 | 0 | 254.0 | 0 | 173.0 | 0 | 0 | 78.1 | 64.2 | 58.0 |
| Operating Expenses | 851.0 | 785.9 | 713.5 | 532.9 | 379.7 | 350.8 | 355.6 | 318.3 | 288.3 | 254.0 | 229.1 | 173.0 | 135.8 | 96.2 | 78.1 | 64.2 | 58.0 |
| Operating Income | |||||||||||||||||
| Operating Income | 153.1 | 128.2 | 100.9 | 85.7 | 10.8 | (102.7) | 50.8 | 48.8 | 41.1 | 47.2 | 40.4 | 33.0 | 36.6 | 28.8 | 27.8 | 21.6 | 13.3 |
| Interest Expense | 41.6 | 48.7 | 45.5 | 43.8 | 17.6 | 20.9 | 18.3 | 20.7 | 22.7 | 41.6 | 13.0 | 8.2 | 7.8 | 3.7 | 14.6 | 4.0 | 2.8 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||
| EBITDA | 223.2 | 193.1 | 156.5 | 125.7 | 47.2 | (68.7) | 76.8 | 71.0 | 61.7 | 43.5 | 56.1 | 41.3 | 43.9 | 32.7 | 29.6 | 23.9 | 15.5 |
| EBIT | 145.1 | 128.2 | 100.9 | 85.7 | 10.8 | (102.7) | 50.7 | 48.6 | 41.1 | 47.3 | 40.7 | 33.0 | 36.6 | 28.7 | 27.9 | 22.5 | 14.0 |
| Income Before Tax | 103.5 | 79.5 | 55.5 | 41.9 | (6.8) | (123.6) | 32.4 | 27.8 | 18.4 | 5.7 | 27.7 | 24.8 | 28.8 | 25.1 | 13.3 | 18.4 | 11.2 |
| Income Tax Expense | 31.2 | 24.1 | 20.9 | 14.1 | (1.9) | (40.7) | 8.2 | 7.4 | 4.0 | 2.7 | 11.5 | 10.6 | 11.8 | 10.6 | 5.6 | 2.6 | 2.2 |
| Net Income | 72.4 | 55.5 | 34.6 | 27.8 | (4.9) | (82.9) | 24.2 | 20.4 | 14.4 | 3.0 | 16.2 | 14.2 | 17.0 | 14.5 | 7.7 | 15.9 | 9.0 |
| Per Share Data | |||||||||||||||||
| EPS (Basic) | 1.87 | 1.46 | 1.06 | 0.75 | -0.13 | -2.46 | 0.82 | 0.71 | 0.55 | 0.12 | 0.63 | 0.58 | 0.78 | 0.70 | 0.44 | -0.50 | 0.12 |
| EPS (Diluted) | 1.68 | 1.32 | 0.88 | 0.73 | -0.13 | -2.46 | 0.81 | 0.69 | 0.54 | 0.12 | 0.63 | 0.57 | 0.77 | 0.69 | 0.43 | -0.50 | 0.11 |
| Shares Outstanding | 38.7 | 37.9 | 37.6 | 37.1 | 36.7 | 33.7 | 29.5 | 28.7 | 26.1 | 25.9 | 25.5 | 24.6 | 21.8 | 20.6 | 17.6 | 21.3 | 22.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 121.0 | 114.7 | 49.9 | 158.8 | 115.2 | 193.3 | 140.2 | 42.4 | 41.5 | 32.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 392.4 | 366.3 | 334.0 | 260.2 | 172.5 | 96.4 | 175.0 | 161.8 | 142.2 | 128.0 |
| Inventory | 385.7 | 316.0 | 284.5 | 245.7 | 144.5 | 82.5 | 124.1 | 112.6 | 102.1 | 87.5 |
| Other Current Assets | 0 | 71.1 | 62.5 | 56.2 | 0 | 0 | 0 | 12.0 | 11.1 | 0 |
| Total Current Assets | 969.9 | 868.0 | 730.9 | 720.9 | 470.0 | 405.7 | 453.2 | 328.7 | 296.8 | 264.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 547.3 | 467.2 | 427.1 | 338.4 | 264.3 | 230.7 | 220.5 | 72.8 | 68.4 | 62.2 |
| Goodwill | 362.7 | 356.3 | 356.0 | 287.1 | 221.8 | 214.9 | 197.7 | 184.3 | 173.2 | 163.8 |
| Intangible Assets | 137.3 | 160.4 | 184.9 | 155.7 | 104.7 | 111.7 | 138.8 | 142.5 | 146.4 | 137.1 |
| Long-Term Investments | 0 | 0 | 0 | (81.5) | 0 | 0 | (47.3) | 0 | 0 | 0 |
| Other Non-Current Assets | 10.8 | 6.8 | 6.4 | 3.3 | 3.6 | 3.9 | 3.5 | 4.1 | 3.0 | 6.0 |
| Total Non-Current Assets | 1,058.1 | 990.6 | 974.4 | 784.4 | 603.8 | 568.7 | 560.5 | 403.7 | 390.9 | 369.0 |
| Total Assets | 2,028.0 | 1,858.7 | 1,705.3 | 1,505.3 | 1,073.8 | 974.3 | 1,013.7 | 732.4 | 687.7 | 633.5 |
| Current Liabilities | ||||||||||
| Account Payables | 275.6 | 266.8 | 200.5 | 163.4 | 118.3 | 57.5 | 94.1 | 87.8 | 70.0 | 65.5 |
| Short-Term Debt | 28.2 | 8 | 47.8 | 12.4 | 1.7 | 6.1 | 0.7 | 0.1 | 3.8 | 14.8 |
| Deferred Revenue | 0 | 0 | 2.5 | 2.2 | 2.3 | 2.6 | 1.3 | 1.5 | 0 | 0 |
| Other Current Liabilities | 0 | 68.5 | 34.6 | 4.3 | 4.0 | 25.4 | 6.7 | 23.3 | 21.9 | 17.5 |
| Total Current Liabilities | 473.5 | 425.4 | 385.8 | 283.7 | 197.0 | 118.1 | 150.2 | 125.5 | 108.3 | 107.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 921.9 | 651.1 | 648.3 | 645.4 | 386.0 | 398.1 | 386.1 | 278.2 | 314.0 | 317.7 |
| Deferred Tax Liabilities | 22.4 | 15.9 | 14.4 | 6.1 | 0 | 0 | 10.9 | 9.6 | 6.0 | 7.0 |
| Other Non-Current Liabilities | (195.6) | 3.9 | 1.6 | 13.0 | 5.1 | 4.4 | 10.0 | 10.4 | 10.9 | 7.7 |
| Total Non-Current Liabilities | 950.2 | 895.6 | 864.9 | 820.0 | 526.6 | 511.6 | 527.6 | 298.2 | 330.9 | 332.5 |
| Total Liabilities | 1,423.7 | 1,321.0 | 1,250.6 | 1,103.8 | 723.6 | 629.7 | 677.7 | 423.7 | 439.1 | 439.8 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 |
| Retained Earnings | 201.6 | 141.9 | 100.0 | 65.4 | 37.6 | 42.5 | 125.4 | 103.3 | 82.9 | 68.5 |
| Accumulated Other Comprehensive Income | (2.8) | (3.8) | (1.8) | (2.2) | (2.0) | (2.1) | (2.0) | (2.2) | (1.5) | (2.2) |
| Total Stockholders' Equity | 604.3 | 537.6 | 454.7 | 401.5 | 350.2 | 344.6 | 335.9 | 308.7 | 248.6 | 193.8 |
| Total Liabilities & Equity | 2,028.0 | 1,858.7 | 1,705.3 | 1,505.3 | 1,073.8 | 974.3 | 1,013.7 | 732.4 | 687.7 | 633.5 |
| Debt Metrics | ||||||||||
| Total Debt | 1,176.4 | 915.8 | 926.3 | 840.0 | 542.5 | 530.5 | 524.9 | 278.2 | 317.8 | 332.5 |
| Net Debt | 1,055.5 | 801.2 | 876.4 | 681.2 | 427.3 | 337.2 | 384.6 | 235.8 | 276.3 | 299.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 72.4 | 55.5 | 34.6 | 27.8 | (4.9) | (82.9) | 24.2 | 20.4 | 14.4 | 3.0 |
| Depreciation & Amortization | 78.1 | 64.9 | 55.6 | 38.2 | 35.0 | 33.3 | 26.0 | 22.2 | 20.5 | 18.5 |
| Stock-Based Compensation | 21.2 | 17.8 | 20.0 | 13.6 | 11.5 | 9.3 | 4.4 | 4.1 | 3.0 | 2.6 |
| Change in Working Capital | (75.6) | (1.5) | (75.2) | (97.9) | (62.3) | 63.3 | (26.8) | (13.5) | (11.4) | (7.7) |
| Other Non-Cash Items | 33.1 | 14.9 | 18.5 | 31.9 | 2.8 | 38.4 | 15.2 | 9.3 | 5.7 | 18.8 |
| Operating Cash Flow | 129.2 | 153.1 | 61.6 | 23.1 | (19.9) | 42.9 | 45.0 | 45.1 | 31.5 | 38.9 |
| Investing Activities | ||||||||||
| Capital Expenditure | (41.4) | (49.5) | (57.4) | (45.8) | (38.8) | (7.0) | (16.1) | (19.8) | (12.3) | (16.6) |
| Acquisitions | (4.6) | (0.3) | (121.9) | (186.2) | (10.2) | (60.9) | (28.1) | (13.9) | (30.1) | (19.7) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (0.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0.6 |
| Investing Cash Flow | (46.8) | (49.8) | (179.3) | (232.0) | (49.0) | (68.0) | (44.2) | (33.7) | (42.4) | (35.8) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (48.6) | (10.1) | 24.5 | 278.6 | (7.3) | (1.3) | 103.9 | (6.7) | (12.8) | 42.3 |
| Stock Repurchased | (15.0) | (24.8) | (2.1) | (2.7) | (1.8) | (3.7) | (1.0) | (0.8) | (0.5) | (0.6) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (12.7) | (3.6) | (13.3) | (22.8) | (0.1) | (2.9) | (6.0) | (3) | (1.8) | (14.5) |
| Financing Cash Flow | (76.2) | (38.5) | 9.0 | 253.2 | (9.2) | 78.1 | 96.9 | (10.4) | 19.4 | 27.2 |
| Cash Position | ||||||||||
| Net Change in Cash | 6.3 | 64.8 | (108.9) | 43.6 | (78.1) | 53.0 | 97.8 | 0.9 | 8.6 | 30.4 |
| Cash at Beginning | 114.7 | 49.9 | 158.8 | 115.2 | 193.3 | 140.2 | 42.4 | 41.5 | 32.9 | 2.5 |
| Cash at End | 121.0 | 114.7 | 49.9 | 158.8 | 115.2 | 193.3 | 140.2 | 42.4 | 41.5 | 32.9 |
| Free Cash Flow | 87.8 | 103.6 | 4.2 | (22.7) | (58.7) | 35.8 | 28.9 | 25.3 | 19.2 | 22.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||
| Revenue | 4,149.5 | 3,794.2 | 3,433.8 | 2,613.4 | 1,745.8 | 1,111.6 | 1,591.8 | 1,444.6 | 1,301.5 | 1,192.9 | 1,059.0 | 836.6 | 673.5 | 480.3 | 400.6 | 330.1 | 271.1 |
| Gross Profit | 1,004.1 | 914.1 | 814.5 | 618.6 | 390.5 | 248.2 | 406.4 | 367.0 | 329.4 | 301.2 | 269.5 | 206.1 | 172.4 | 125.0 | 105.9 | 85.8 | 71.3 |
| Operating Income | 153.1 | 128.2 | 100.9 | 85.7 | 10.8 | (102.7) | 50.8 | 48.8 | 41.1 | 47.2 | 40.4 | 33.0 | 36.6 | 28.8 | 27.8 | 21.6 | 13.3 |
| Net Income | 72.4 | 55.5 | 34.6 | 27.8 | (4.9) | (82.9) | 24.2 | 20.4 | 14.4 | 3.0 | 16.2 | 14.2 | 17.0 | 14.5 | 7.7 | 15.9 | 9.0 |
| EPS (Diluted) | 1.68 | 1.32 | 0.88 | 0.73 | -0.13 | -2.46 | 0.81 | 0.69 | 0.54 | 0.12 | 0.63 | 0.57 | 0.77 | 0.69 | 0.43 | -0.50 | 0.11 |
| Balance Sheet | |||||||||||||||||
| Cash & Equivalents | 121.0 | 114.7 | 49.9 | 158.8 | 115.2 | 193.3 | 140.2 | 42.4 | 41.5 | 32.9 | |||||||
| Total Assets | 2,028.0 | 1,858.7 | 1,705.3 | 1,505.3 | 1,073.8 | 974.3 | 1,013.7 | 732.4 | 687.7 | 633.5 | |||||||
| Total Debt | 1,176.4 | 915.8 | 926.3 | 840.0 | 542.5 | 530.5 | 524.9 | 278.2 | 317.8 | 332.5 | |||||||
| Stockholders' Equity | 604.3 | 537.6 | 454.7 | 401.5 | 350.2 | 344.6 | 335.9 | 308.7 | 248.6 | 193.8 | |||||||
| Cash Flow | |||||||||||||||||
| Operating Cash Flow | 129.2 | 153.1 | 61.6 | 23.1 | (19.9) | 42.9 | 45.0 | 45.1 | 31.5 | 38.9 | |||||||
| Capital Expenditure | (41.4) | (49.5) | (57.4) | (45.8) | (38.8) | (7.0) | (16.1) | (19.8) | (12.3) | (16.6) | |||||||
| Free Cash Flow | 87.8 | 103.6 | 4.2 | (22.7) | (58.7) | 35.8 | 28.9 | 25.3 | 19.2 | 22.3 | |||||||