The Chefs' Warehouse (FRA:2CF) Intrinsic Value: Projected FCF: €18.01 (As of Aug. 31, 2026)

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FRA:2CF The Chefs' Warehouse Inc FRA:2CF
72 GF Score
Price €93.50
GF Value €50.64
! 6 Warning Signs
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What is The Chefs' Warehouse Intrinsic Value: Projected FCF?

The Chefs' Warehouse FRA:2CF -1.06% 72 Intrinsic Value: Projected FCF is €18.01 as of Aug. 31, 2026. GuruFocus rates FRA:2CF with a GF Score™ of 72/100 and a GF Value™ of €50.64. The stock has 6 warning signs investors should review. Among 226 Retail - Defensive companies, The Chefs' Warehouse ranks worse than 95.13% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-31), The Chefs' Warehouse's Intrinsic Value: Projected FCF is €18.01. The stock price of The Chefs' Warehouse is €93.50. Therefore, The Chefs' Warehouse's Price-to-Intrinsic-Value-Projected-FCF of today is 5.2.

The historical rank and industry rank for The Chefs' Warehouse's Intrinsic Value: Projected FCF or its related term are showing as below:

FRA:2CF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.65   Med: 2.84   Max: 5.19
Current: 5.19

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of The Chefs' Warehouse was 5.19. The lowest was 0.65. And the median was 2.84.

FRA:2CF's Price-to-Projected-FCF is ranked worse than
95.13% of 226 companies
in the Retail - Defensive industry
Industry Median: 0.85 vs FRA:2CF: 5.19

The Chefs' Warehouse  (FRA:2CF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

The Chefs' Warehouse's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=93.50/19.721554718427
=4.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Chefs' Warehouse Intrinsic Value: Projected FCF Related Terms


The Chefs' Warehouse Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for The Chefs' Warehouse's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Chefs' Warehouse Intrinsic Value: Projected FCF Chart

The Chefs' Warehouse Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.97 9.45 5.61 12.61 16.41

The Chefs' Warehouse Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.64 12.92 16.41 17.22 19.13

FRA:2CF vs UNFI, ANDE, AVO: Intrinsic Value: Projected FCF Comparison

For the Food Distribution subindustry, The Chefs' Warehouse's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Chefs' Warehouse Price-to-Projected-FCF vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The Chefs' Warehouse's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where The Chefs' Warehouse's Price-to-Projected-FCF falls into.


FRA:2CF
72GF Score
The Chefs' Warehouse Inc FRA:2CF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Chefs' Warehouse Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get The Chefs' Warehouse's Free Cash Flow(6 year avg) = €30.82.

The Chefs' Warehouse's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*30.8184+562.668*0.8)/46.050
=19.72

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of €18.01 mean?
The Chefs' Warehouse (FRA:2CF) has a Intrinsic Value: Projected FCF of €18.01 as of Aug. 31, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on The Chefs' Warehouse and its competitors. According to the industry distribution chart, The Chefs' Warehouse ranks #215 out of 226 companies in the Retail - Defensive industry, placing it in the top 95.1%.
Is The Chefs' Warehouse's Intrinsic Value: Projected FCF too high?
The Chefs' Warehouse's current Intrinsic Value: Projected FCF is €18.01. Based on the distribution chart, The Chefs' Warehouse ranks #215 out of 226 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, The Chefs' Warehouse has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does The Chefs' Warehouse's Intrinsic Value: Projected FCF compare to UNFI and ANDE?
According to the Retail - Defensive industry distribution chart, The Chefs' Warehouse ranks #215 out of 226 companies for Intrinsic Value: Projected FCF. This places The Chefs' Warehouse in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.85. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Retail - Defensive company?
The median Intrinsic Value: Projected FCF among Retail - Defensive companies is 0.85, based on 226 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on The Chefs' Warehouse and its competitors. For the Retail - Defensive industry, the median Intrinsic Value: Projected FCF is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Chefs' Warehouse's current Intrinsic Value: Projected FCF is €18.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Chefs' Warehouse stock overvalued right now?
The Chefs' Warehouse (FRA:2CF) has a current Intrinsic Value: Projected FCF of €18.01. The stock's GF Value™ is €50.64, compared to a current price of €93.50 — trading 84.6% above its estimated fair value. The current Intrinsic Value: Projected FCF is €18.01. The Chefs' Warehouse's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For The Chefs' Warehouse (FRA:2CF), the current Intrinsic Value: Projected FCF is €18.01 as of Aug. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The Chefs' Warehouse (FRA:2CF) Overvalued in 2026?

Based on GuruFocus' analysis, The Chefs' Warehouse stock appears to be overvalued. The current stock price of €93.50 is trading 84.6% above its estimated GF Value™ of €50.64.

Key valuation signals for FRA:2CF:

  • Intrinsic Value: Projected FCF: €18.01
  • GF Value™: €50.64 vs. price of €93.50 (84.6% above fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the FRA:2CF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Chefs' Warehouse Business Description

Other Exchanges CHEF:USA
Address 100 East Ridge Road, Ridgefield, CT, USA, 06877
The Chefs' Warehouse Inc is a specialty food distributor in metropolitan areas across the United States, the Middle East and Canada. The company's product portfolio is comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. It operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, midwest, and west coasts of the U.S. The company provides service to restaurants, clubs, hotels, caterers, schools, bakeries, casinos, and specialty food stores.
72GF Score

Get the complete analysis for FRA:2CF

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€93.50
Price
€50.64
GF Value