Winmark Valuation

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

WINA ($388.82) is trading above our estimate of [[fair value]] ($375.99)

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: WINA ($388.82) is trading above our estimate of fair value ($375.99)

Significantly Below Fair Value: WINA is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As WINA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WINA. This is calculated by dividing WINA's market cap by their current earnings.
What is WINA's PE Ratio?
PE Ratio	34.1x
Earnings	US$40.09m
Market Cap	US$1.37b

WINA 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/Revenue	17.1x
Enterprise Value/EBITDA	26.2x
PEG Ratio	4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WINA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.2x
SBH Sally Beauty Holdings	8.9x	9.4%	US$1.4b
UPBD Upbound Group	21.4x	28.3%	US$1.7b
HZO MarineMax	17.4x	31.0%	US$664.1m
ODP ODP	29.2x	47.2%	US$758.4m
WINA Winmark	34.1x	8.4%	US$1.4b

Price-To-Earnings vs Peers: WINA is expensive based on its Price-To-Earnings Ratio (34.1x) compared to the peer average (19.2x).

Price to Earnings Ratio vs Industry

How does WINA's PE Ratio compare vs other companies in the US Specialty Retail Industry?

5 Companies	Price / Earnings	Estimated Growth	Market Cap
TKLF Tokyo Lifestyle	1.5x	n/a	US$11.23m
SSOK Sunstock	1.8x	n/a	US$771.79k
MASN Maison Luxe	0.08x	n/a	US$144.03k
EXPR.Q Express	0.00006x	n/a	US$11.24k

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: WINA is expensive based on its Price-To-Earnings Ratio (34.1x) compared to the US Specialty Retail industry average (15.8x).

Price to Earnings Ratio vs Fair Ratio

What is WINA'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.

WINA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	34.1x
Fair PE Ratio	12.3x

Price-To-Earnings vs Fair Ratio: WINA is expensive based on its Price-To-Earnings Ratio (34.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.3x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

B&M European Value Retail

UK£3.8b

Operates general merchandise and grocery stores.

BMRP.F

UK£4.94

1.4%

-27.3%

Urban Outfitters

US$3.5b

Engages in the retail and wholesale of general consumer products.

URBN

US$38.22

-1.8%

3.7%

Ulta Beauty

US$17.2b

Operates as a specialty beauty retailer in the United States.

ULTA

US$365.17

-4.0%

-10.0%