Professional
Added to YB: 2024-02-01
Pitch date: 2024-02-01
NAPA [bullish]
The Duckhorn Portfolio, Inc.
+25.17%
current return
Author Info
Merion Road Capital is a fund in Miami focused on value-oriented investing through rigorous fundamental analysis of a company's operations. Follow on Twitter/X.
Company Info
The Duckhorn Portfolio, Inc. produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Sonoma-Cutrer, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark.
Market Cap
$1.6B
Pitch Price
$8.86
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.35
P/E
28.22
EV/Sales
4.56
Sector
Beverages
Category
value
Merion Road Capital new position - Duckhorn Holdings ($NAPA)
$NAPA: Luxury wine co trading at 8x EBITDA / 12x FCF post Sonoma-Cutrer deal. Fragmented industry but strong brands (Duckhorn, Decoy). Stock -60% on CEO exit, acquisition, macro fears. Compelling value with earnings reacceleration, new CEO, deal close. Discount to beer/spirits peers.
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