Naked Wines plc (GB:WINE)
LSE:WINE
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Naked Wines plc
(LSE:WINE)
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Rating:54Neutral
Price Target:
64.00 p
▼(-11.11% Downside)
Action:ReiteratedDate:12/10/25
Naked Wines plc's overall stock score reflects a challenging financial performance with declining revenue and profitability. However, the recent earnings call provided positive insights into cash generation and strategic improvements, which partially offset the negative valuation metrics. Technical indicators suggest a neutral market sentiment.
Positive Factors
Strong cash generation
A recurring ability to generate meaningful cash (GBP 10m reported) strengthens liquidity and funds operations without heavy external financing. Over 2-6 months this supports inventory actions, targeted investment and a buyback, improving financial flexibility while management executes restructuring.
Negative Factors
Declining revenue trend
Material revenue decline (-15.9%) signals weakening top-line scale and may limit the firm's ability to spread fixed costs. Over several quarters, persistent revenue contraction can erode bargaining power with suppliers, compress margins, and constrain reinvestment in customer acquisition and product selection.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
A recurring ability to generate meaningful cash (GBP 10m reported) strengthens liquidity and funds operations without heavy external financing. Over 2-6 months this supports inventory actions, targeted investment and a buyback, improving financial flexibility while management executes restructuring.
Read all positive factors
Naked Wines plc (WINE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£50.21M
Dividend YieldN/A
Average Volume (3M)113.12K
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue Growth-15.87%
EPS Growth90.20%
CountryUK
Employees390
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)-0.04
Shares Outstanding67,611,410
10 Day Avg. Volume231,674
30 Day Avg. Volume113,117
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.89
Price to Sales (P/S)0.26
P/FCF Ratio3.99
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)£199.78M
Naked Wines plc Business Overview & Revenue Model
Company Description
Naked Wines plc (WINE) is a UK-based online wine retailer that connects independent winemakers directly with consumers. The company operates primarily in the e-commerce sector of the beverage industry, offering a wide range of wines sourced from v...
How the Company Makes Money
Naked Wines makes money mainly by selling wine directly to customers through its online platform, capturing retail margin on each bottle/case sold. A key part of its model is a membership-style program (commonly referred to as its “Angel” program)...
Naked Wines plc Earnings Call Summary
Earnings Call Date:Dec 09, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Jul 01, 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
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 227.46M | 250.22M | 290.41M | 354.05M | 350.26M | 202.91M |
| Gross Profit | 60.18M | 46.13M | 54.95M | 69.89M | 141.72M | 77.56M |
| EBITDA | 2.07M | -1.12M | -10.28M | -8.77M | 6.54M | 707.00K |
| Net Income | -1.52M | -4.90M | -20.84M | -17.41M | 2.38M | 8.15M |
Balance Sheet | ||||||
| Total Assets | 172.22M | 164.49M | 201.73M | 251.89M | 247.53M | 191.63M |
| Cash, Cash Equivalents and Short-Term Investments | 31.13M | 30.05M | 31.85M | 39.50M | 39.85M | 54.74M |
| Total Debt | 5.43M | 6.45M | 15.92M | 35.02M | 3.60M | 5.45M |
| Total Liabilities | 107.52M | 92.96M | 124.97M | 153.21M | 137.65M | 78.05M |
| Stockholders Equity | 64.70M | 71.53M | 76.77M | 98.68M | 109.88M | 113.58M |
Cash Flow | ||||||
| Free Cash Flow | 14.51M | 16.03M | 2.17M | -33.48M | -45.05M | 20.52M |
| Operating Cash Flow | 14.96M | 17.20M | 3.31M | -32.00M | -43.12M | 21.63M |
| Investing Cash Flow | -2.24M | -613.00K | 7.92M | 4.89M | -1.44M | 60.22M |
| Financing Cash Flow | -10.53M | -17.66M | -18.74M | 26.42M | -951.00K | -34.31M |
Naked Wines plc Technical Analysis
Positive
72.00
Price Trends
72.54
Positive
72.42
Positive
75.47
Negative
Market Momentum
-0.53
Negative
58.98
Neutral
86.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WINE, the sentiment is Positive. The current price of 72 is above the 20-day moving average (MA) of 70.53, below the 50-day MA of 72.54, and below the 200-day MA of 75.47, indicating a neutral trend. The MACD of -0.53 indicates Negative momentum. The RSI at 58.98 is Neutral, neither overbought nor oversold. The STOCH value of 86.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | £29.21B | 7.58 | 13.57% | 3.25% | 1.05% | -20.25% | |
70 Outperform | £7.38B | 11.60 | 5.08% | 4.02% | 0.82% | 160.81% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | £24.50M | -34.28 | 5.67% | ― | 0.03% | -5.67% | |
54 Neutral | £50.21M | -4.50 | -2.23% | ― | -15.87% | 90.20% | |
54 Neutral | £56.60M | -32.71 | -6.01% | ― | ― | ― | |
52 Neutral | £1.54B | 3.62 | 24.47% | ― | ― | ― |
* Consumer Defensive Sector Average
GB:WINE
Naked Wines plc
74.40
-12.10
-13.99%
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185.80
-95.60
-33.97%
GB:SBRY
J Sainsbury plc
332.00
114.89
52.92%
GB:TSCO
Tesco plc
459.60
139.30
43.49%
GB:VINO
Virgin Wines UK PLC
51.50
4.50
9.57%
GB:CDGP
Chapel Down Group plc
33.00
-5.00
-13.16%
Naked Wines plc Corporate Events
Business Operations and StrategyStock Buyback
Naked Wines launches £1m reverse bookbuild buyback as part of wider capital return plan
Positive
Mar 23, 2026
Naked Wines has launched a reverse accelerated bookbuild share buyback of up to £1 million, following a similar £1 million repurchase earlier in March, as the board seeks to acquire shares it believes trade below intrinsic value and to e...
Other
Naked Wines Chair-Linked Fund Lifts Stake to 1.5% After Share Purchase
Positive
Mar 18, 2026
Naked Wines plc disclosed that Eschler Global Fund SPC – Colebrooke Opportunities Fund SP, a person closely associated with non-executive chair Jack Pailing, has acquired 38,000 ordinary shares in the company at £0.62 per share. Followi...
Stock BuybackRegulatory Filings and Compliance
Naked Wines completes £1 million share buyback, updates voting rights
Positive
Mar 13, 2026
Naked Wines plc has completed its previously announced £1 million share buyback programme, repurchasing a total of 1,339,000 ordinary shares at an average price of 74.60 pence. The final tranche, executed on 12 March 2026 via Panmure Liberum,...
Other
Naked Wines chair-linked fund lifts stake with fresh AIM share purchase
Positive
Mar 10, 2026
Naked Wines plc disclosed that Eschler Global Fund SPC – Colebrooke Opportunities Fund SP, a vehicle closely associated with non-executive chair Jack Pailing, has acquired 12,000 ordinary shares in the company. The purchase lifts PailingR...
Stock BuybackRegulatory Filings and Compliance
Naked Wines Buys Back 150,000 Shares Under Ongoing Repurchase Programme
Positive
Mar 5, 2026
Naked Wines plc, a direct-to-consumer online wine retailer and subscription wine club, funds independent winemakers upfront in exchange for exclusive supply, offering its UK, US and Australian Angel customers an extensive range of wines at fair pr...
Other
Naked Wines chair-linked fund lifts stake with AIM share purchase
Positive
Mar 5, 2026
Naked Wines has disclosed that Eschler Global Fund SPC – Colebrooke Opportunities Fund SP, a vehicle closely associated with non-executive chair Jack Pailing, bought 20,000 Naked Wines ordinary shares on 4 March at £0.73844 per share on...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Naked Wines Buys Back 300,000 Shares, Updates Voting Rights Count
Positive
Mar 4, 2026
Naked Wines plc has continued its previously announced share buyback programme with the repurchase of 300,000 ordinary shares at 74.75 pence each, executed through Panmure Liberum. Following this transaction, the group has 71,717,079 shares in iss...
Stock Buyback
Naked Wines Continues Share Buyback, Trims Voting Share Count
Neutral
Mar 3, 2026
Naked Wines plc, the AIM-quoted online wine club that backs independent winemakers in return for exclusive access and fair pricing, serves customers in the UK, U.S. and Australia. Its model funds production costs upfront, aiming to deliver better-...
Stock BuybackRegulatory Filings and Compliance
Naked Wines Buys Back 7,500 Shares, Updates Voting Rights
Positive
Mar 2, 2026
Naked Wines plc has repurchased 7,500 of its own ordinary shares at 74 pence each as part of the share buyback programme launched in early February. The transaction, executed via Panmure Liberum, reduces the number of shares in public hands and le...
Stock BuybackRegulatory Filings and Compliance
Naked Wines Buys Back 100,000 Shares, Updates Voting Rights Count
Positive
Feb 27, 2026
Naked Wines plc has repurchased 100,000 of its own ordinary shares at 75.10 pence each as part of its previously announced share buyback programme, executed through broker Panmure Liberum. Following this transaction, the company has 71,717,079 ord...
Stock Buyback
Naked Wines Continues Buyback as Voting Share Count Falls
Neutral
Feb 26, 2026
Naked Wines plc is an online wine club and retailer that connects more than 300 independent winemakers with “Angel” customers across the UK, U.S. and Australia. Its model finances winemakers’ production costs upfront, enabling th...
Stock BuybackRegulatory Filings and Compliance
Naked Wines Continues Share Buyback, Updates Voting Rights
Positive
Feb 25, 2026
Naked Wines plc has continued its previously announced share buyback programme by repurchasing 25,000 ordinary shares at 75 pence each on 24 February 2026 through broker Panmure Liberum. Following this transaction, the company has 71,717,079 ordin...
Business Operations and StrategyStock Buyback
Naked Wines Buys Back 50,000 Shares, Tightens Voting Share Base
Positive
Feb 23, 2026
Naked Wines plc has continued its previously announced share buyback programme, repurchasing 50,000 ordinary shares at 75.50 pence each on 20 February 2026 through broker Panmure Liberum. Following this transaction, the company has 71,717,079 ordi...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Naked Wines Buys Back Shares, Updates Voting Rights Total
Positive
Feb 12, 2026
Naked Wines plc has executed a share repurchase under its recently announced buyback programme, acquiring 92,500 ordinary shares at 75 pence each through Panmure Liberum. Following this transaction, the company has 71,717,079 ordinary shares in is...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Naked Wines Continues Buyback With 100,000-Share Repurchase
Positive
Feb 11, 2026
Naked Wines plc has executed a further tranche of its recently announced share buyback programme, repurchasing 100,000 ordinary shares at 75.08 pence each through broker Panmure Liberum. Following this transaction, the company now has 71,717,079 o...
Stock BuybackRegulatory Filings and Compliance
Naked Wines Advances Buyback With 100,000-Share Repurchase
Positive
Feb 10, 2026
Naked Wines plc has continued executing its recently announced share buyback programme, repurchasing 100,000 ordinary shares at 75.10 pence each through broker Panmure Liberum. The transaction reduces the number of shares in public hands and sets ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Naked Wines Buys Back 100,000 Shares, Reduces Voting Rights to 68.8 Million
Neutral
Feb 6, 2026
Naked Wines plc has repurchased 100,000 of its ordinary shares at 75.20 pence each under the share buyback programme announced on 4 February 2026, with the transaction executed through Panmure Liberum Limited. Following this buyback, the company h...
Stock BuybackRegulatory Filings and Compliance
Naked Wines Begins Share Buyback with First 25,000-Share Purchase
Neutral
Feb 5, 2026
Naked Wines has commenced purchases under its recently announced share buyback programme, repurchasing 25,000 ordinary shares at 74.5 pence per share via broker Panmure Liberum. Following this transaction, the company has 71,717,079 ordinary share...
Business Operations and StrategyStock Buyback
Naked Wines Launches £1m Share Buyback to Boost Capital Returns
Positive
Feb 4, 2026
Naked Wines has launched a share buyback programme of up to £1 million, appointing Panmure Liberum to repurchase ordinary shares on the open market under pre-set parameters, with all bought-back shares to be held in treasury without voting or...
Business Operations and StrategyExecutive/Board Changes
Naked Wines Grants New Long-Term Incentive Share Options to Leadership
Positive
Feb 2, 2026
Naked Wines has granted 1,726,971 new share options under its 2023 Long-Term Incentive Plan, comprising 172,696 nil-cost options and 1,554,275 options exercisable at £0.76, bringing total unvested equity awards to 5,761,213 shares, or about 8...
Regulatory Filings and Compliance
Naked Wines Chair Increases Stake with Fresh Share Purchase
Positive
Jan 29, 2026
Naked Wines plc has disclosed that its Non-Executive Chair, Jack Pailing, has purchased 16,350 ordinary shares at £0.74 each on the London Stock Exchange’s AIM market, increasing his beneficial holding to 814,814 shares, or about 1.18% ...
Business Operations and StrategyStock BuybackFinancial Disclosures
Naked Wines Delivers Solid Peak Trading as It Recalibrates Around Profitable Core
Positive
Jan 29, 2026
Naked Wines reported a successful peak trading period for the 13 weeks to 29 December 2025, with performance across all markets in line with its full-year 2026 guidance despite a planned reduction in revenue as it refocuses on its profitable core....
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.