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NAPA

Duckhorn Portfolio NYSE:NAPA Stock Report

Last Price

US$19.08

Market Cap

US$2.2b

7D

1.3%

1Y

-11.0%

Updated

15 Aug, 2022

Data

Company Financials +
NAPA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance3/6
Financial Health5/6
Dividends0/6

NAPA Stock Overview

The Duckhorn Portfolio, Inc. produces and sells wines in North America.

Duckhorn Portfolio Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Duckhorn Portfolio
Historical stock prices
Current Share PriceUS$19.08
52 Week HighUS$25.25
52 Week LowUS$17.20
Beta0
1 Month Change1.87%
3 Month Change-5.26%
1 Year Change-10.97%
3 Year Changen/a
5 Year Changen/a
Change since IPO11.06%

Recent News & Updates

Aug 07
The Duckhorn Portfolio, Inc.'s (NYSE:NAPA) Popularity With Investors Is Clear

The Duckhorn Portfolio, Inc.'s (NYSE:NAPA) Popularity With Investors Is Clear

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 15x, you may...

Jul 06

The Duckhorn Portfolio falls 7% on 5M share secondary offering

The Duckhorn Portfolio (NYSE:NAPA) today announced that Mallard Holdco, the selling stockholder intends to offer for sale 5M shares. The selling stockholder expects to grant the underwriter a 30-day option to purchase up to an additional 750K shares of common stock on the same terms and conditions. The selling stockholder will receive all of the proceeds from this offering. Stock drops 6.7% during after-hours

Jun 22

The Duckhorn Portfolio: An In-Depth Analysis Of Risks And Opportunities

The probability-weighted target price for The Duckhorn Portfolio under 3 different scenarios is $27.50/share. The Duckhorn Portfolio's competition is represented by established and well-known companies, with many of them being private. Historically, the wine sector performed very well notwithstanding the recessionary period.

Jun 20
Are Investors Undervaluing The Duckhorn Portfolio, Inc. (NYSE:NAPA) By 24%?

Are Investors Undervaluing The Duckhorn Portfolio, Inc. (NYSE:NAPA) By 24%?

Today we will run through one way of estimating the intrinsic value of The Duckhorn Portfolio, Inc. ( NYSE:NAPA ) by...

Shareholder Returns

NAPAUS BeverageUS Market
7D1.3%3.0%3.6%
1Y-11.0%10.9%-9.6%

Return vs Industry: NAPA underperformed the US Beverage industry which returned 10.3% over the past year.

Return vs Market: NAPA matched the US Market which returned -10.2% over the past year.

Price Volatility

Is NAPA's price volatile compared to industry and market?
NAPA volatility
NAPA Average Weekly Movement5.5%
Beverage Industry Average Movement7.2%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: NAPA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NAPA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1976437Alex Ryanhttps://www.duckhornportfolio.com

The Duckhorn Portfolio, Inc. produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers.

Duckhorn Portfolio Fundamentals Summary

How do Duckhorn Portfolio's earnings and revenue compare to its market cap?
NAPA fundamental statistics
Market CapUS$2.19b
Earnings (TTM)US$62.20m
Revenue (TTM)US$360.27m

35.3x

P/E Ratio

6.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NAPA income statement (TTM)
RevenueUS$360.27m
Cost of RevenueUS$180.03m
Gross ProfitUS$180.24m
Other ExpensesUS$118.04m
EarningsUS$62.20m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.54
Gross Margin50.03%
Net Profit Margin17.26%
Debt/Equity Ratio26.9%

How did NAPA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NAPA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NAPA?

Other financial metrics that can be useful for relative valuation.

NAPA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.7x
Enterprise Value/EBITDA27.1x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does NAPA's PE Ratio compare to its peers?

NAPA PE Ratio vs Peers
The above table shows the PE ratio for NAPA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35.8x
MGPI MGP Ingredients
21.1x8.9%US$2.4b
VWE Vintage Wine Estates
42.2x35.9%US$390.1m
BF.B Brown-Forman
44x9.6%US$36.2b
STZ Constellation Brands
35.8x12.5%US$46.0b
NAPA Duckhorn Portfolio
35.3x18.5%US$2.2b

Price-To-Earnings vs Peers: NAPA is good value based on its Price-To-Earnings Ratio (35.3x) compared to the peer average (35.8x).


Price to Earnings Ratio vs Industry

How does NAPA's PE Ratio compare vs other companies in the Global Beverage Industry?

Price-To-Earnings vs Industry: NAPA is expensive based on its Price-To-Earnings Ratio (35.3x) compared to the US Beverage industry average (33.9x)


Price to Earnings Ratio vs Fair Ratio

What is NAPA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NAPA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.3x
Fair PE Ratio23.6x

Price-To-Earnings vs Fair Ratio: NAPA is expensive based on its Price-To-Earnings Ratio (35.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.6x).


Share Price vs Fair Value

What is the Fair Price of NAPA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NAPA ($19.08) is trading below our estimate of fair value ($26.49)

Significantly Below Fair Value: NAPA is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Duckhorn Portfolio forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NAPA's forecast earnings growth (18.5% per year) is above the savings rate (1.9%).

Earnings vs Market: NAPA's earnings (18.5% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: NAPA's earnings are forecast to grow, but not significantly.

Revenue vs Market: NAPA's revenue (9.3% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: NAPA's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NAPA's Return on Equity is forecast to be low in 3 years time (9.4%).


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Past Performance

How has Duckhorn Portfolio performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


35.7%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: NAPA has high quality earnings.

Growing Profit Margin: NAPA's current net profit margins (17.3%) are higher than last year (14.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NAPA's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare NAPA's past year earnings growth to its 5-year average.

Earnings vs Industry: NAPA earnings growth over the past year (35.7%) exceeded the Beverage industry 12.6%.


Return on Equity

High ROE: NAPA's Return on Equity (7.2%) is considered low.


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Financial Health

How is Duckhorn Portfolio's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NAPA's short term assets ($348.8M) exceed its short term liabilities ($55.9M).

Long Term Liabilities: NAPA's short term assets ($348.8M) exceed its long term liabilities ($308.1M).


Debt to Equity History and Analysis

Debt Level: NAPA's net debt to equity ratio (25.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if NAPA's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NAPA's debt is well covered by operating cash flow (30.6%).

Interest Coverage: NAPA's interest payments on its debt are well covered by EBIT (20.5x coverage).


Balance Sheet


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Dividend

What is Duckhorn Portfolio current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate NAPA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NAPA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NAPA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NAPA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NAPA has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

11.3yrs

Average management tenure


CEO

Alex Ryan (54 yo)

17.58yrs

Tenure

US$5,095,561

Compensation

Mr. Alex Ryan is President at The Duckhorn Portfolio, Inc. since 2005 and has been its Chief Executive Officer since 2011. He is also Chairman of the Board The Duckhorn Portfolio, Inc. since 2012. Mr. Ryan...


CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD5.10M) is about average for companies of similar size in the US market ($USD5.40M).

Compensation vs Earnings: Alex's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: NAPA's management team is seasoned and experienced (11.3 years average tenure).


Board Members

Experienced Board: NAPA's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Duckhorn Portfolio, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: The Duckhorn Portfolio, Inc.
  • Ticker: NAPA
  • Exchange: NYSE
  • Founded: 1976
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: US$2.193b
  • Shares outstanding: 114.92m
  • Website: https://www.duckhornportfolio.com

Number of Employees


Location

  • The Duckhorn Portfolio, Inc.
  • 1201 Dowdell Lane
  • Saint Helena
  • California
  • 94574
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/04/30
Annual Earnings2021/07/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.