Professional
Added to YB: 2021-04-15
Pitch date: 2021-04-15
WINE.L [bullish]
Naked Wines plc
-91.36%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
Naked Wines plc, together with its subsidiaries, engages in the direct-to-consumer retailing of wines in Australia, the United Kingdom, and the United States.
Market Cap
GBP 54.1M
Pitch Price
GBP 8.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
155.44
P/E
-11.36
EV/Sales
0.12
Sector
Consumer Staples Distribution and Retail
Category
growth
1 Main Holdings top position: Naked Wines (WINE.L)
WINE.L: Leading online DTC winemaker in US (20% volume share). COVID accelerated online adoption, habits likely to stick. Bypassing traditional distribution allows lower prices for quality. Compelling unit econ, cash gen & growth runway but trades <1.5x rev (15x norm EBIT). Fears over COVID unwind creating opportunity.
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