Fundamental Analysis: Naked Wines

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Listen on:

1. Spotify

2. Apple Podcasts

Screenshot summary:

1. What is Naked Wines? Naked Wines is an online wine club that funds winemakers and helps match consumers with the types of wines they want.

2. Valuation: EV/sales of 1.75, EV/GP of 4.5, unprofitable.

3. Latest Earnings: Revenue growth of 80%, 757k active angels (subscribers), $11 million loss.

4. Our Future Growth Opportunities: Continued growth in the U.S. and adding a beer club too.

5. Are we more interested in this stock after the episode? Yes. Valuation seems reasonable and the unit economics are sound.

#NakedWines #WINE