What is Chefs' Warehouse, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Chefs' Warehouse, Inc.'s reported free cash flow gives $50.79 per share. The share price was $108.18 on November 10, 2026, 113% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $26.05 | -76% |
| Base | 15.0% | 9.0% | $50.79 | -53% |
| Bull | 20.0% | 8.0% | $96.86 | -10% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $69.52 | $75.37 | $82.50 | $91.43 | $102.90 |
| 8.0% | $55.45 | $59.24 | $63.72 | $69.09 | $75.65 |
| 9.0% | $45.21 | $47.80 | $50.79 | $54.28 | $58.40 |
| 10.0% | $37.45 | $39.29 | $41.38 | $43.76 | $46.52 |
| 11.0% | $31.37 | $32.72 | $34.23 | $35.93 | $37.86 |
Where the presets come from
Base: years 1 to 5 grow at Chefs' Warehouse, Inc.'s revenue growth rate over the last 5 fiscal years (30.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions