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DCF Valuation
Base-case fair value
$50.68
Intrinsic $67.57 · 25% MOS
Current price: $92.37
Base-case summary
Our base-case DCF for Chefs' Warehouse, Inc. (CHEF) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 168.1% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $81M in trailing free cash flow, this produces an intrinsic value of $67.57 per share. A 25% safety margin gives a fair value of $50.68, suggesting the stock is currently 45% overvalued against the $92.37 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$81M
Cash & equivalents
$123M
Total debt
$1.1B
Shares outstanding
46M