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Naked Wines plc
(LSE:WINE)
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Rating:52Neutral
Price Target:
60.00 p
▼(-16.43% Downside)
Action:Reiterated
Date:08/22/26
The score is driven primarily by improving but still mixed financial performance (positive operating profitability, low leverage, and strong recent free cash flow) versus meaningful ongoing risks from multi-year revenue contraction and continued net losses. Technical indicators add downside pressure given the stock trading below key moving averages with negative momentum, while valuation support is limited due to a negative P/E and no dividend yield data.
Positive Factors
Low Leverage
Very low leverage gives Naked Wines financial flexibility and reduces the burden of interest and refinancing obligations. This conservative capital structure should help the company withstand operating volatility and preserve capacity to invest in its platform or customer proposition.
Negative Factors
Revenue Contraction
Multi-year revenue contraction is a fundamental weakness because it signals shrinking scale and makes it harder to absorb fixed platform, marketing, and fulfilment costs. Continued top-line pressure could limit operating leverage and prevent the recent margin improvement from translating into durable earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage gives Naked Wines financial flexibility and reduces the burden of interest and refinancing obligations. This conservative capital structure should help the company withstand operating volatility and preserve capacity to invest in its platform or customer proposition.
Read all positive factors
Naked Wines plc (WINE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£39.02M
Dividend Yield2.37%
Average Volume (3M)126.19K
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth-20.43%
EPS Growth-38.55%
CountryUK
Employees325
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)-0.09
Shares Outstanding66,256,290
10 Day Avg. Volume112,789
30 Day Avg. Volume126,188
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)0.90
Price to Sales (P/S)0.27
P/FCF Ratio4.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.02
Revenue Forecast (FY)£164.44M
Naked Wines plc Business Overview & Revenue Model
Company Description
Naked Wines Plc is a holding company, which engages in the retailing of wines, beers, and spirits. It operates through geographical segments in the US, UK, and Australia, facilitating direct delivery from independent winemakers to consumers....
Naked Wines plc Earnings Call Summary
Earnings Call Date:Dec 09, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Dec 15, 2026
Earnings Call Sentiment Neutral
The call highlighted strong cash generation, significant improvements in adjusted EBITDA, and effective inventory management. However, it also acknowledged revenue decline, ongoing inventory liquidation costs, and challenges in certain marketing channels. Overall, progress is being made in strategic areas, but some issues remain.Positive Updates
Strong Cash Generation
GBP 10 million cash generation was reported, with GBP 2 million used for share buyback, resulting in an GBP 8 million increase over the last 12 months.
Negative Updates
Revenue Decline
Revenue is down from the prior year, as expected, due to strategic focus on core profitable customers over acquisition.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Cash Generation
GBP 10 million cash generation was reported, with GBP 2 million used for share buyback, resulting in an GBP 8 million increase over the last 12 months.
Read all positive updates
Company Guidance
During the recent Naked Wines plc investor presentation, CEO Rodrigo Maza and CFO Dominic Neary shared insights into the company's performance and guidance for the first half of fiscal year 2026. The company reported a strong cash generation of GBP 10 million, which included a GBP 2 million share buyback, marking an GBP 8 million net cash increase from the previous year. The adjusted EBITDA saw a significant rise of 112%, reaching GBP 3.6 billion, attributed to a strategic shift towards higher-quality, profitable customers. Despite a decrease in revenue, this aligns with the company’s guidance and is considered part of its strategic restructuring. Neary highlighted a positive free cash flow and an improved gross profit margin, while emphasizing efforts to reduce customer acquisition costs (CAC) and enhance retention rates. The presentation reiterated a medium-term target for GBP 40 million cash generation from inventory liquidation, aiming for a sustainable growth trajectory supported by focused investments and operational efficiencies.Naked Wines plc Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
71
Positive
Cash Flow
62
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 199.09M | 250.22M | 290.41M | 354.05M | 350.26M |
| Gross Profit | 72.05M | 46.13M | 54.95M | 69.89M | 141.72M |
| EBITDA | 2.86M | -1.12M | -10.28M | -8.77M | 6.54M |
| Net Income | -6.59M | -4.90M | -20.84M | -17.41M | 2.38M |
Balance Sheet | |||||
| Total Assets | 154.15M | 164.49M | 201.73M | 251.89M | 247.53M |
| Cash, Cash Equivalents and Short-Term Investments | 33.40M | 30.05M | 31.85M | 39.50M | 39.85M |
| Total Debt | 4.54M | 6.45M | 15.92M | 35.02M | 3.60M |
| Total Liabilities | 94.52M | 92.96M | 124.97M | 153.21M | 137.65M |
| Stockholders Equity | 59.63M | 71.53M | 76.77M | 98.68M | 109.88M |
Cash Flow | |||||
| Free Cash Flow | 11.79M | 16.03M | 2.17M | -33.48M | -45.05M |
| Operating Cash Flow | 12.31M | 17.20M | 3.31M | -32.00M | -43.12M |
| Investing Cash Flow | -1.74M | -613.00K | 7.92M | 4.89M | -1.44M |
| Financing Cash Flow | -6.94M | -17.66M | -18.74M | 26.42M | -951.00K |
Naked Wines plc Technical Analysis
Negative
71.80
Price Trends
63.94
Negative
68.04
Negative
70.52
Negative
Market Momentum
-1.39
Negative
42.49
Neutral
47.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WINE, the sentiment is Negative. The current price of 71.8 is above the 20-day moving average (MA) of 60.23, above the 50-day MA of 63.94, and above the 200-day MA of 70.52, indicating a bearish trend. The MACD of -1.39 indicates Negative momentum. The RSI at 42.49 is Neutral, neither overbought nor oversold. The STOCH value of 47.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:WINE.
Naked Wines plc Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £32.90B | 17.70 | 16.45% | 2.78% | 5.41% | 30.44% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | £7.37B | 20.42 | 6.39% | 7.30% | -2.65% | 7.32% | |
57 Neutral | £2.70B | -10.77 | -15.94% | ― | ― | ― | |
52 Neutral | £39.02M | -6.48 | -10.61% | 2.37% | -20.43% | -38.55% | |
51 Neutral | £12.13M | -13.42 | -5.03% | ― | 3.37% | -181.12% | |
50 Neutral | £72.90M | 223.68 | 0.97% | ― | 22.07% | ― |
* Consumer Defensive Sector Average
GB:WINE
Naked Wines plc
59.00
-16.00
-21.33%
GB:OCDO
Ocado Group
322.60
102.60
46.64%
GB:SBRY
J Sainsbury plc
338.20
16.10
5.00%
GB:TSCO
Tesco plc
531.00
82.16
18.31%
GB:VINO
Virgin Wines UK PLC
25.50
-23.50
-47.96%
GB:CDGP
Chapel Down Group plc
42.50
2.50
6.25%
Naked Wines plc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Naked Wines Reshapes Board as Senior Independent Director Steps Down
Neutral
Oct 7, 2026
Naked Wines Plc has announced a series of board changes, with Non-Executive Director, Senior Independent Director and Remuneration Committee Chair Susan Hooper stepping down with immediate effect. Stephen Bolton, currently a Non-Executive Director...
Business Operations and StrategyStock BuybackShareholder Meetings
Naked Wines shareholders back all AGM resolutions amid focus on premium, independent winemakers
Positive
Sep 3, 2026
Naked Wines plc, the online wine retailer that backs independent winemakers and serves its subscription-style ‘Angels’ community in the UK, U.S. and Australia, emphasizes a differentiated model built around exclusive, craft-focused win...
Business Operations and StrategyExecutive/Board Changes
Naked Wines Grants Long-Term Incentive Options to Top Executives
Positive
Aug 4, 2026
Naked Wines plc, an online wine retailer, finances independent winemakers upfront and sells their wines directly to a subscription community of “Angels” in the U.K., U.S. and Australia. Its model offers thousands of exclusive labels, p...
Financial DisclosuresShareholder Meetings
Naked Wines Sets Date for AGM and Publishes Annual Report
Positive
Aug 3, 2026
Naked Wines plc has scheduled its Annual General Meeting for 3 September 2026 at 3:00 pm BST in London, giving shareholders a set date to review governance matters. The company has also published its Annual Report and Accounts for the 52 weeks end...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.