The Duckhorn Portfolio, Inc.

NAPA

NAPAThe Duckhorn Portfolio, Inc. US flag

New York Stock Exchange

11.09

USD

-0.02

- -

1.63BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	241	271	337	373	403	405
+ Sales & Services Revenue	241	271	337	373	403	405
- Cost of Revenue	128	134	169	187	187	191
+ Cost of Goods & Services	128	134	169	187	187	191
Gross Profit	113	137	167	185	216	215
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	66	66	90	98	110	120
+ Selling, General & Admin	66	66	90	98	110	120
+ Research & Development	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	47	71	78	87	106	95
- Non-Operating (Income) Loss	17	28	1	5	12	18
+ Interest Expense, Net	21	18	14	7	12	18
+ Interest Expense	21	18	14	7	12	18
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-4	10	-13	-2	- -	- -
Pretax Income	30	43	77	83	94	77
- Income Tax Expense (Benefit)	8	10	21	23	25	21
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	22	32	56	60	69	56
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	22	32	56	60	69	56
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	22	32	56	60	69	56
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	22	32	56	60	69	56
EBIT	47	71	78	87	106	95
EBITDA	72	94	99	111	134	132
EBITDA Margin (%)	29.99	34.63	29.37	29.76	33.19	32.56
EBITA	47	71	78	87	106	95
Gross Margin (%)	46.85	50.58	49.72	49.71	53.52	53.01
Operating Margin (%)	19.59	26.22	23.03	23.47	26.3	23.39
Profit Margin (%)	9.16	11.96	16.63	16.16	17.2	13.81
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	0.94	- -	- -	- -
Depreciation Expense	25	23	21	23	28	37
Basic Weighted Avg Shares	111	111	107	115	115	123
Basic EPS, GAAP	0.2	0.29	0.52	0.52	0.6	0.45
Basic EPS from Cont Ops	0.2	0.29	0.52	0.52	0.6	0.45
Diluted Weighted Avg Shares	111	111	107	115	115	124
Diluted EPS, GAAP	0.2	0.29	0.52	0.52	0.6	0.45
Diluted EPS from Cont Ops	0.2	0.29	0.52	0.52	0.6	0.45

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	263	281	314	340	388	538
+ Cash, Cash Equivalents & STI	4	6	4	3	6	11
+ Cash & Cash Equivalents	4	6	4	3	6	11
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	22	26	33	37	49	63
+ Accounts Receivable, Net	22	26	33	37	49	52
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	11
+ Inventories	235	245	268	285	322	449
+ Raw Materials	10	11	11	14	15	24
+ Work In Process	115	134	135	162	162	239
+ Finished Goods	109	101	121	109	145	185
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2	3	9	14	10	15
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	899	878	869	912	960	1,279
+ Property, Plant & Equip, Net	244	243	241	293	344	596
+ Property, Plant & Equip	277	291	299	364	429	704
- Accumulated Depreciation	34	48	59	71	85	109
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	655	635	628	619	616	684
+ Total Intangible Assets	653	633	626	617	609	676
+ Goodwill	425	425	425	425	425	484
+ Other Intangible Assets	228	208	201	192	184	192
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	2	2	2	2	7	8
Total Assets	1,162	1,159	1,183	1,252	1,348	1,817
+ Payables & Accruals	17	18	23	31	40	38
+ Accounts Payable	2	2	4	3	5	6
+ Accrued Taxes	- -	- -	1	- -	11	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	15	16	19	27	24	32
+ ST Debt	11	13	11	13	14	13
+ ST Borrowings	11	13	11	10	10	10
+ ST Finance Leases	- -	- -	- -	3	4	3
+ Other ST Liabilities	13	21	22	16	21	16
+ Deferred Revenue	4	4	3	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	9	17	19	16	21	16
Total Current Liabilities	41	52	57	60	74	67
+ LT Debt	405	366	236	233	240	326
+ LT Borrowings	405	366	236	214	224	302
+ LT Finance Leases	- -	- -	- -	20	17	24
+ Other LT Liabilities	94	87	88	91	91	152
+ Accrued Liabilities	90	85	87	90	90	151
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	5	2	1	- -	- -	1
Total Noncurrent Liabilities	499	452	324	324	331	478
Total Liabilities	540	504	381	384	405	545
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	535	536	728	733	739	1,013
+ Common Stock	1	1	1	1	1	1
+ Additional Paid in Capital	534	535	727	732	738	1,011
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	85	118	74	134	203	259
+ Other Equity	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	621	654	802	867	942	1,272
+ Minority/Non Controlling Interest	1	1	1	1	1	1
Total Equity	621	655	802	867	942	1,272
Total Liabilities & Equity	1,162	1,159	1,183	1,252	1,348	1,817
Shares Outstanding	115	115	115	115	115	147
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	23	20	27
Net Debt	412	373	243	220	227	301
Net Debt to Equity	66.36	56.93	30.3	25.42	24.09	23.62
Tangible Common Equity Ratio	-6.26	4.03	31.66	39.43	45.1	52.26
Current Ratio	6.41	5.42	5.54	5.66	5.2	8.05
Cash Conversion Cycle	- -	682.38	580.26	567.16	624.2	777.94

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	22	32	56	60	69	56
+ Depreciation & Amortization	25	23	21	23	28	37
+ Non-Cash Items	5	13	10	13	8	12
+ Stock-Based Compensation	1	1	11	6	6	7
+ Deferred Income Taxes	-5	-5	2	4	- -	- -
+ Asset Impairment Charge	- -	12	- -	- -	- -	1
+ Other Non-Cash Adj	9	5	-3	4	2	3
+ Chg in Non-Cash Work Cap	-10	-13	-23	-28	-35	-101
+ (Inc) Dec in Accts Receiv	3	-4	-7	-4	-12	-14
+ (Inc) Dec in Inventories	-13	-11	-23	-19	-34	-62
+ (Inc) Dec in Prepaid Assets	- -	-1	-7	-3	2	-3
+ Inc (Dec) in Accts Payable	-4	2	16	3	12	-16
+ Inc (Dec) in Other	4	1	-2	-5	-4	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	42	55	64	69	70	4
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	1	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	1	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-18	-14	-14	-45	-73	-28
+ Acq of Fixed Prod Assets	-18	-14	-14	-45	-73	-28
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	188	- -	- -	- -
+ Increase in Capital Stock	- -	- -	188	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-203	- -	- -	- -	- -	-50
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-203	- -	- -	- -	- -	-50
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-221	-14	-14	-44	-73	-77
+ Dividends Paid	- -	- -	-100	- -	- -	- -
+ Net Cash From Debt	79	-79	-133	-25	9	78
+ Cash From Debt	229	132	182	84	250	135
+ Repayments of Debt	-150	-211	-315	-109	-241	-57
+ Other Financing Activities	50	40	-7	-1	-3	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	130	-39	-53	-26	6	78
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-49	2	-2	-1	3	5
EBITDA	72	94	99	111	134	132
EBITDA Margin (%)	29.99	34.63	29.37	29.76	33.19	32.56
Free Cash Flow	24	42	51	24	-3	-24
Net Cash Paid for Acquisitions	203	- -	- -	- -	- -	50
Free Cash Flow to Firm	40	55	60	29	6	-11
Free Cash Flow to Equity	- -	-37	-83	- -	6	54
Free Cash Flow per Basic Share	0.22	0.38	0.47	0.21	-0.02	-0.19
Price/Free Cash Flow	- -	- -	30.14	18.65	10.16	27.92
Cash Flow to Net Income	1.92	1.7	1.15	1.14	1.01	0.07
Capital Expenditures	-18	-14	-14	-45	-73	-28