Discounted Cash Flow

Chefs' Warehouse, Inc.

CHEF · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.2b $3.0m $22.3m 0.3% $0.12
2017 $1.3b (9.1%) $14.4m (375.2%) $19.2m (-13.9%) 1.1% (335.6%) $0.55 (358.3%)
2018 $1.4b (11.0%) $20.4m (42.0%) $25.3m (31.7%) 1.4% (27.9%) $0.71 (29.1%)
2019 $1.6b (10.2%) $24.2m (18.6%) $28.9m (14.5%) 1.5% (7.6%) $0.82 (15.5%)
2020 $1.1b (-30.2%) $-82.9m (-442.7%) $35.8m (23.9%) -7.5% (-590.7%) $-2.46 (-400.0%)
2021 $1.7b (57.0%) $-4.9m (94.1%) $-58.7m (-263.8%) -0.3% (96.2%) $-0.13 (94.7%)
2022 $2.6b (49.7%) $27.8m (663.7%) $-22.7m (61.3%) 1.1% (476.5%) $0.75 (676.9%)
2023 $3.4b (31.4%) $34.6m (24.6%) $4.2m (118.5%) 1.0% (-5.1%) $0.92 (22.7%)
2024 $3.8b (10.5%) $55.5m (60.4%) $103.6m (2358.6%) 1.5% (45.2%) $1.46 (58.7%)
2025 $4.1b (9.4%) $72.4m (30.4%) $87.8m (-15.2%) 1.7% (19.3%) $1.87 (28.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model