Company Valuation: The Chefs' Warehouse, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,234 1,313 1,172 1,971 2,585 2,629 - -
Change - 6.45% -10.76% 68.12% 31.17% 1.71% - -
Enterprise Value (EV) 1 1,234 1,313 1,840 2,563 3,212 3,120 2,972 2,753
Change - 6.45% 40.11% 39.26% 25.35% -2.88% -4.72% -7.39%
P/E ratio -251x 47x 33.6x 36.9x 37.8x 31x 26.8x 23.2x
PBR - - 2.58x 3.65x - 3.48x 2.94x 2.33x
PEG - -0x 1.6x 0.7x 1.4x 1.3x 1.7x 1.5x
Capitalization / Revenue 0.71x 0.5x 0.34x 0.52x 0.62x 0.59x 0.55x 0.51x
EV / Revenue 0.71x 0.5x 0.54x 0.68x 0.77x 0.7x 0.62x 0.54x
EV / EBITDA 20.1x 8.32x 9.52x 11.7x 12.4x 11x 9.49x 7.95x
EV / EBIT 114x 12.4x 15.6x 18.6x 20.1x 17.9x 15.1x 12.1x
EV / FCF -21x -57.8x 437x 24.7x 36.6x 21.3x 18.2x 15.2x
FCF Yield -4.76% -1.73% 0.23% 4.04% 2.73% 4.69% 5.48% 6.58%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.13 0.73 0.88 1.32 1.68 2.085 2.41 2.78
Distribution rate - - - - - - - -
Net sales 1 1,746 2,613 3,434 3,794 4,150 4,429 4,767 5,134
EBITDA 1 61.3 157.9 193.2 219 258.3 284.6 313.1 346.2
EBIT 1 10.81 106 117.6 137.8 159.6 174.7 197 226.7
Net income 1 -4.923 27.75 34.59 55.48 72.36 96.24 111.4 129
Net Debt 1 - - 668.1 592.1 627.5 490.9 343.6 123.8
Reference price 2 32.57 34.32 29.55 48.76 63.53 64.60 64.60 64.60
Nbr of stocks (in thousands) 37,884 38,270 39,665 40,413 40,686 40,694 - -
Announcement Date 2/9/22 2/15/23 2/14/24 2/12/25 2/11/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.98x0.7x10.96x-.--% 2.63B
30.96x1.12x21.76x - 10.94B
14.95x0.6x8.8x3.07% 8.01B
12.13x0.31x7.17x5.99% 2.29B
13.24x - - -.--% 771M
18.97x0.39x7.08x3.4% 670M
14.3x0.36x6.73x6.38% 576M
Average 19.36x 0.58x 10.42x 3.14% 3.7B
Weighted average by Cap. 23.13x 0.80x 14.43x 2.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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