Vintage Wine Estates, Inc.

VWE

VWEVintage Wine Estates, Inc. US flag

NASDAQ Global Market

0.03

USD

-0.03

- -

1.57MMarket Cap

Profitability (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	129.95	- -	- -
Return on Assets (%)	- -	1.57	-0.06	-28.49
Return on Capital (%)	- -	6.45	-149.34	- -
Return on Invested Capital (%)	- -	0.49	70.25	- -
Gross Margin (%)	37.72	34.14	30.36	30.07
EBITDA Margin (%)	9.87	6.47	2.59	-5.61
Operating Margin (%)	3.65	1.29	-4.79	-14.3
Incremental Operating Margin (%)	- -	-13.26	- -	- -
Pretax Margin (%)	-10.35	4.92	0.01	-78.24
Profit Margin (%)	-5.13	4.47	-0.15	-66.72
Net Income to Common Margin (%)	-5.13	4.47	-0.15	-66.72
Effective Tax Rate (%)	- -	7.06	3,442.86	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	129.95	- -	- -

Credit (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	322	294	328	337
ST Debt	179	110	159	136
LT Debt	143	184	169	201
Total Debt/EBITDA	17.18	20.58	43.31	-21.21
Net Debt/EBITDA	17.08	12.25	37.41	-17.95
Total Debt/EBIT	46.43	103.25	-23.42	-8.32
Net Debt/EBIT	46.17	61.48	-20.23	-7.04
EBITDA to Interest Expense	1.22	1.23	0.54	-0.86
EBITDA-CapEx/Interest Expense	0.02	-2.05	-1.24	-1.63
EBIT to Interest Expense	0.45	0.25	-1.01	-2.2
Interest Expense	15	12	14	18
Common Equity/Total Assets	2.97	- -	-0.14	-32.49
Long-Term Debt/Equity (%)	131.09	50.71	48.35	116.07
Long-Term Debt/Capital (%)	42.31	62.2	51.57	130.13
Long-Term Debt/Total Assets (%)	27.95	24.69	22.09	35.74
Total Debt/Equity (%)	294.99	81.19	93.85	195.03
Total Debt/Capital (%)	95.21	99.59	100.1	218.68
Total Debt/Total Assets (%)	62.91	39.52	42.88	60.05
Net Debt to Equity	293.38	48.34	81.05	164.99
Net Debt/Capital (%)	95.19	99.32	100.12	209.82
EBITDA	19	14	8	-16
EBITDA-CapEx	- -	-24	-17	-30
Operating Income (Loss)	7	3	-14	-41

Liquidity (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	0.01	0.78	0.22	0.1
Current Ratio	1.06	2.5	1.5	1.45
Quick Ratio	0.1	0.97	0.43	0.24
CFO/Avg Current Liab	- -	0.05	0.09	-0.04
Common Equity/Total Assets	2.97	- -	-0.14	-32.49
Long-Term Debt/Equity (%)	131.09	50.71	48.35	116.07
Long-Term Debt/Capital (%)	42.31	62.2	51.57	130.13
Long-Term Debt/Total Assets (%)	27.95	24.69	22.09	35.74
Total Debt/Equity (%)	294.99	81.19	93.85	195.03
Total Debt/Capital (%)	95.21	99.59	100.1	218.68
Total Debt/Total Assets (%)	62.91	39.52	42.88	60.05
CFO/Total Liabilities	-5.72	2.39	3.81	-2.17
CFO/CapEx	-1.25	0.24	0.64	-0.59
Altman's Z-Score	1.46	1.31	1.35	0.06

Working Capital (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	14.06	9.92	9.07
Days Sales Outstanding	- -	25.95	36.81	40.23
Inventory Turnover	- -	0.68	0.98	1
Days Inventory Outstanding	- -	536.74	370.57	363.32
Accounts Payable Turnover	- -	9.87	11.42	12.19
Accounts Payable Turnover Days	- -	36.97	31.97	29.95
Cash Conversion Cycle	- -	525.73	375.41	373.6
Inventory to Cash Days	- -	-510.79	-333.76	-323.1
Inventories	206	221	193	201
Raw Materials	12	10	16	16
Work In Process	- -	- -	- -	- -
Finished Goods	194	209	176	185
Other Inventory	1	1	1	1

Enterprise Value (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	559	296	477	51
- Cash & Cash Equivalents	2	119	45	18
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Minority/Non Controlling Interest	1	1	1	-1
+ Total Debt	322	294	328	337
Enterprise Value	880	473	761	369
Total Capital	338	295	328	154
Total Debt/Capital (%)	95.21	99.59	100.1	218.68
Total Debt / EV	0.37	0.62	0.43	0.91
EV/Sales	4.64	2.14	2.6	1.3
EV/EBITDA	46.98	33.09	100.44	- -
EV/EBIT	126.99	166.04	- -	- -
EV/Cash Flow to Firm	- -	23.77	- -	49.89
EV/Free Cash Flow to Firm	291.5	8.16	- -	17.08
Diluted Market Cap	559	302	477	51
Diluted Enterprise Value	880	478	761	369
EV per Share	14.56	19.13	12.54	6.24
TTM Sales	190	221	293	283
TTM EBITDA	19	14	8	-16
TTM Operating Income	7	3	-14	-41
TTM Cash Flow to Firm	-15	20	-449	7
TTM Free Cash Flow to Firm	3	58	-424	22

Multiples (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Price/Free Cash Flow	-121.85	6.41	11.72	8.73
EV/EBIT	126.99	166.04	- -	- -
Enterprise Value	880	473	761	369
Low Price	9.25	9.25	7.48	0.85
EV/Sales	4.64	2.14	2.6	1.3
EV/EBITDA	46.98	33.09	100.44	- -
Price/Earnings	- -	30.03	- -	- -
Price/Earnings Average	-57.55	24.95	-1,397.54	-0.97
Price/Earnings High	-60.08	33.73	-1,767.39	-2.49
Price/Earnings Low	-57.41	23.15	-1,067.86	-0.27
Price/Book Value	36.82	- -	-436.72	-0.28
Price/Book Value Average	36.9	- -	-543.91	-1
Price/Book Value High	38.53	- -	-687.86	-2.58
Price/Book Value Low	36.82	- -	-415.6	-0.28
Price/Tangible Book Value	-135.91	1.37	3.62	0.38
Price/Tangible Book Value Average	-136.24	1.14	4.51	1.36
Price/Tangible Book Value High	-142.23	1.54	5.7	3.52
Price/Tangible Book Value Low	-135.91	1.06	3.45	0.38
Price/Sales	2.94	1.34	1.63	0.18
Price/Sales Average	2.95	1.12	2.03	0.64
Price/Sales High	3.08	1.51	2.57	1.66
Price/Sales Low	2.94	1.03	1.55	0.18
Price/Cash Flow	-24.27	32.51	30.11	-6.01
Price/Cash Flow Average	-24.33	27.01	37.5	-21.7
Price/Cash Flow High	-25.4	36.52	47.42	-55.93
Price/Cash Flow Low	-24.27	25.06	28.65	-5.97
Price/Free Cash Flow Average	-122.14	5.32	14.6	31.5
Price/Free Cash Flow High	-127.51	7.2	18.47	81.2
Price/Free Cash Flow Low	-121.85	4.94	11.16	8.67
EV/Sales Average	4.64	1.91	3	1.77
EV/Sales High	4.77	2.31	3.54	2.78
EV/Sales Low	4.64	1.83	2.52	1.3
EV/EBITDA Average	47.06	29.58	115.88	-31.52
EV/EBITDA High	48.37	35.65	136.63	-49.65
EV/EBITDA Low	46.98	28.33	97.4	-23.19
EV/EBIT Average	127.18	148.42	-62.67	-12.36
EV/EBIT High	130.74	178.88	-73.89	-19.47
EV/EBIT Low	126.99	142.17	-52.67	-9.09
Last Price	9.25	12	7.86	0.86
High Price	9.68	13.48	12.38	7.96
Enterprise Value Average	882	422	878	501
Enterprise Value High	906	509	1,035	789
Enterprise Value Low	880	405	738	368

Profitability (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	129.95	- -	- -
Return on Assets (%)	- -	1.57	-0.06	-28.49
Return on Capital (%)	- -	6.45	-149.34	- -
Return on Invested Capital (%)	- -	0.49	70.25	- -
Gross Margin (%)	37.72	34.14	30.36	30.07
EBITDA Margin (%)	9.87	6.47	2.59	-5.61
Operating Margin (%)	3.65	1.29	-4.79	-14.3
Incremental Operating Margin (%)	- -	-13.26	- -	- -
Pretax Margin (%)	-10.35	4.92	0.01	-78.24
Profit Margin (%)	-5.13	4.47	-0.15	-66.72
Net Income to Common Margin (%)	-5.13	4.47	-0.15	-66.72
Effective Tax Rate (%)	- -	7.06	3,442.86	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	129.95	- -	- -

Credit (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	322	294	328	337
ST Debt	179	110	159	136
LT Debt	143	184	169	201
Total Debt/EBITDA	17.18	20.58	43.31	-21.21
Net Debt/EBITDA	17.08	12.25	37.41	-17.95
Total Debt/EBIT	46.43	103.25	-23.42	-8.32
Net Debt/EBIT	46.17	61.48	-20.23	-7.04
EBITDA to Interest Expense	1.22	1.23	0.54	-0.86
EBITDA-CapEx/Interest Expense	0.02	-2.05	-1.24	-1.63
EBIT to Interest Expense	0.45	0.25	-1.01	-2.2
Interest Expense	15	12	14	18
Common Equity/Total Assets	2.97	- -	-0.14	-32.49
Long-Term Debt/Equity (%)	131.09	50.71	48.35	116.07
Long-Term Debt/Capital (%)	42.31	62.2	51.57	130.13
Long-Term Debt/Total Assets (%)	27.95	24.69	22.09	35.74
Total Debt/Equity (%)	294.99	81.19	93.85	195.03
Total Debt/Capital (%)	95.21	99.59	100.1	218.68
Total Debt/Total Assets (%)	62.91	39.52	42.88	60.05
Net Debt to Equity	293.38	48.34	81.05	164.99
Net Debt/Capital (%)	95.19	99.32	100.12	209.82
EBITDA	19	14	8	-16
EBITDA-CapEx	- -	-24	-17	-30
Operating Income (Loss)	7	3	-14	-41

Liquidity (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	0.01	0.78	0.22	0.1
Current Ratio	1.06	2.5	1.5	1.45
Quick Ratio	0.1	0.97	0.43	0.24
CFO/Avg Current Liab	- -	0.05	0.09	-0.04
Common Equity/Total Assets	2.97	- -	-0.14	-32.49
Long-Term Debt/Equity (%)	131.09	50.71	48.35	116.07
Long-Term Debt/Capital (%)	42.31	62.2	51.57	130.13
Long-Term Debt/Total Assets (%)	27.95	24.69	22.09	35.74
Total Debt/Equity (%)	294.99	81.19	93.85	195.03
Total Debt/Capital (%)	95.21	99.59	100.1	218.68
Total Debt/Total Assets (%)	62.91	39.52	42.88	60.05
CFO/Total Liabilities	-5.72	2.39	3.81	-2.17
CFO/CapEx	-1.25	0.24	0.64	-0.59
Altman's Z-Score	1.46	1.31	1.35	0.06

Working Capital (USD)

API Chat

	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	14.06	9.92	9.07
Days Sales Outstanding	- -	25.95	36.81	40.23
Inventory Turnover	- -	0.68	0.98	1
Days Inventory Outstanding	- -	536.74	370.57	363.32
Accounts Payable Turnover	- -	9.87	11.42	12.19
Accounts Payable Turnover Days	- -	36.97	31.97	29.95
Cash Conversion Cycle	- -	525.73	375.41	373.6
Inventory to Cash Days	- -	-510.79	-333.76	-323.1
Inventories	206	221	193	201
Raw Materials	12	10	16	16
Work In Process	- -	- -	- -	- -
Finished Goods	194	209	176	185
Other Inventory	1	1	1	1

Enterprise Value (USD)

API Chat

	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	559	296	477	51
- Cash & Cash Equivalents	2	119	45	18
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Minority/Non Controlling Interest	1	1	1	-1
+ Total Debt	322	294	328	337
Enterprise Value	880	473	761	369
Total Capital	338	295	328	154
Total Debt/Capital (%)	95.21	99.59	100.1	218.68
Total Debt / EV	0.37	0.62	0.43	0.91
EV/Sales	4.64	2.14	2.6	1.3
EV/EBITDA	46.98	33.09	100.44	- -
EV/EBIT	126.99	166.04	- -	- -
EV/Cash Flow to Firm	- -	23.77	- -	49.89
EV/Free Cash Flow to Firm	291.5	8.16	- -	17.08
Diluted Market Cap	559	302	477	51
Diluted Enterprise Value	880	478	761	369
EV per Share	14.56	19.13	12.54	6.24
TTM Sales	190	221	293	283
TTM EBITDA	19	14	8	-16
TTM Operating Income	7	3	-14	-41
TTM Cash Flow to Firm	-15	20	-449	7
TTM Free Cash Flow to Firm	3	58	-424	22

Multiples (USD)

API Chat

	2020 Y	2021 Y	2022 Y	2023 Y
Price/Free Cash Flow	-121.85	6.41	11.72	8.73
EV/EBIT	126.99	166.04	- -	- -
Enterprise Value	880	473	761	369
Low Price	9.25	9.25	7.48	0.85
EV/Sales	4.64	2.14	2.6	1.3
EV/EBITDA	46.98	33.09	100.44	- -
Price/Earnings	- -	30.03	- -	- -
Price/Earnings Average	-57.55	24.95	-1,397.54	-0.97
Price/Earnings High	-60.08	33.73	-1,767.39	-2.49
Price/Earnings Low	-57.41	23.15	-1,067.86	-0.27
Price/Book Value	36.82	- -	-436.72	-0.28
Price/Book Value Average	36.9	- -	-543.91	-1
Price/Book Value High	38.53	- -	-687.86	-2.58
Price/Book Value Low	36.82	- -	-415.6	-0.28
Price/Tangible Book Value	-135.91	1.37	3.62	0.38
Price/Tangible Book Value Average	-136.24	1.14	4.51	1.36
Price/Tangible Book Value High	-142.23	1.54	5.7	3.52
Price/Tangible Book Value Low	-135.91	1.06	3.45	0.38
Price/Sales	2.94	1.34	1.63	0.18
Price/Sales Average	2.95	1.12	2.03	0.64
Price/Sales High	3.08	1.51	2.57	1.66
Price/Sales Low	2.94	1.03	1.55	0.18
Price/Cash Flow	-24.27	32.51	30.11	-6.01
Price/Cash Flow Average	-24.33	27.01	37.5	-21.7
Price/Cash Flow High	-25.4	36.52	47.42	-55.93
Price/Cash Flow Low	-24.27	25.06	28.65	-5.97
Price/Free Cash Flow Average	-122.14	5.32	14.6	31.5
Price/Free Cash Flow High	-127.51	7.2	18.47	81.2
Price/Free Cash Flow Low	-121.85	4.94	11.16	8.67
EV/Sales Average	4.64	1.91	3	1.77
EV/Sales High	4.77	2.31	3.54	2.78
EV/Sales Low	4.64	1.83	2.52	1.3
EV/EBITDA Average	47.06	29.58	115.88	-31.52
EV/EBITDA High	48.37	35.65	136.63	-49.65
EV/EBITDA Low	46.98	28.33	97.4	-23.19
EV/EBIT Average	127.18	148.42	-62.67	-12.36
EV/EBIT High	130.74	178.88	-73.89	-19.47
EV/EBIT Low	126.99	142.17	-52.67	-9.09
Last Price	9.25	12	7.86	0.86
High Price	9.68	13.48	12.38	7.96
Enterprise Value Average	882	422	878	501
Enterprise Value High	906	509	1,035	789
Enterprise Value Low	880	405	738	368

	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	60	60	59	59
Diluted Weighted Avg Shares	60	25	61	59
Basic Weighted Avg Shares	60	25	61	59
Revenue per Share	3.14	8.94	4.83	4.79
EBITDA per Share	0.31	0.58	0.12	-0.27
Operating Income per Share	0.11	0.12	-0.23	-0.69
Basic EPS, GAAP	-0.16	0.4	-0.01	-3.2
Basic EPS from Cont Ops	-0.16	0.41	-0.01	-3.22
Diluted EPS, GAAP	-0.16	0.39	-0.01	-3.2
Diluted EPS from Cont Ops	-0.16	0.4	-0.01	-3.22
Dividend per Share	- -	- -	- -	- -
Cash Flow per Share	-0.38	0.37	0.26	-0.14
Free Cash Flow per Basic Share	-0.69	-1.17	-0.15	-0.38
Cash & Equivalents per Share	0.03	4.81	0.74	0.31
Book Value per Share	0.25	- -	-0.02	-3.08
Tangible Book Value per Share	-0.07	8.74	2.17	2.26

Vintage Wine Estates, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)