The Chefs' Warehouse
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

20252025202620272028
Price/Earnings ratio
38.5340.1333.0127.1622.82
Price/Sales ratio
0.570.600.520.490.45
Earnings per Share (EPS)
$1.59$1.53$1.86$2.26$2.69

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
38.1827.36135.4737.2744.0746.34-9.71-243.0944.4832.0146.2744.07
Price/Sales ratio
0.640.410.340.410.620.700.720.680.470.320.490.70
Price/Book Value ratio
3.692.352.112.152.913.332.333.413.072.433.192.91
Price/Cash Flow ratio
55.4011.7510.5216.9919.9424.9118.78-60.1453.3617.9655.5019.94
Price/Free Cash Flow ratio
-37.6627.5918.3727.9035.5938.7622.47-20.38-54.34262.95-56.5338.76
Price/Earnings Growth ratio
-1.483.17-1.670.101.512.990.022.56-0.060.770.072.99
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
24.62%25.45%25.25%25.30%25.40%25.52%22.32%22.36%23.67%23.71%23.67%25.52%
Operating Profit Margin
3.94%3.81%3.96%3.15%3.37%3.18%-9.23%0.61%3.28%2.93%3.28%3.28%
Pretax Profit Margin
2.97%2.61%0.47%1.41%1.92%2.03%-11.11%-0.38%1.60%1.61%1.60%2.03%
Net Profit Margin
1.69%1.53%0.25%1.10%1.41%1.51%-7.45%-0.28%1.06%1.00%1.06%1.51%
Effective Tax Rate
42.79%41.50%46.74%21.95%26.72%25.33%32.92%27.34%33.75%37.64%33.75%26.72%
Return on Assets
3.77%2.76%0.47%2.08%2.78%2.38%-8.50%-0.45%1.84%2.02%1.83%2.38%
Return On Equity
9.68%8.62%1.56%5.77%6.60%7.20%-24.05%-1.40%6.91%7.60%7.32%6.60%
Return on Capital Employed
11.03%8.36%8.97%7.09%8.03%5.87%-11.98%1.23%7.01%7.64%6.99%6.99%
Liquidity Ratios
Current Ratio
2.45N/A2.462.742.613.013.43N/AN/AN/A2.543.01
Quick Ratio
1.471.361.651.791.722.192.731.651.671.151.472.19
Cash ratio
0.040.020.300.380.330.931.630.580.550.120.550.33
Days of Sales Outstanding
42.2742.7839.1739.8740.8740.1331.6436.0736.3335.5036.3340.13
Days of Inventory outstanding
43.7142.8835.8138.3238.1438.1934.8838.9144.9539.6444.9538.14
Operating Cycle
85.9985.6774.9978.1979.0178.3366.5274.9881.2975.1553.9178.33
Days of Payables Outstanding
24.9830.0026.8126.2829.7328.9724.3131.8529.8927.9429.8929.73
Cash Conversion Cycle
61.0155.6748.1751.9049.2749.3642.2143.1351.3947.2017.5249.36
Debt Ratios
Debt Ratio
0.380.460.520.460.370.510.410.500.440.420.730.37
Debt Equity Ratio
0.971.451.711.270.901.561.171.541.681.592.750.90
Long-term Debt to Capitalization
0.480.580.620.550.470.600.530.590.610.580.660.47
Total Debt to Capitalization
0.490.590.630.560.470.600.530.600.620.610.670.47
Interest Coverage Ratio
4.04N/A1.131.812.352.77-4.90N/AN/AN/A1.952.77
Cash Flow to Debt Ratio
0.060.130.110.090.160.080.10-0.030.030.080.020.08
Company Equity Multiplier
2.563.113.262.762.373.012.823.063.743.753.752.37
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.010.030.030.020.030.020.03-0.010.000.010.000.02
Free Cash Flow / Operating Cash Flow Ratio
-1.470.420.570.600.560.640.832.94-0.980.06-0.980.64
Cash Flow Coverage Ratio
0.060.130.110.090.160.080.10-0.030.030.080.020.08
Short Term Coverage Ratio
1.266.022.638.23739.042.477.03-0.940.720.790.722.47
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A