Duckhorn Portfolio, Inc.

NAPA

Beverages

Mkt Cap

$927.5M

PE

14.06

Debt

$283.8M

Cash

$13.14M

EV

$1.198B

FCF

-$51.45M

Market Cap

$927.5M

P/E Ratio

14.06

Debt

$283.8M

Cash

$13.14M

EV

$1.198B

FCF

-$51.45M

Charts data: {"Earnings":[{"time":"2019-07-30","value":22097000},{"time":"2020-07-30","value":32377000},{"time":"2021-07-30","value":55970000},{"time":"2022-07-30","value":60190000},{"time":"2023-07-30","value":69286000}],"Sales":[{"time":"2019-07-30","value":241207000},{"time":"2020-07-30","value":270648000},{"time":"2021-07-30","value":336613000},{"time":"2022-07-30","value":372510000},{"time":"2023-07-30","value":402996000}],"Net Margins":[{"time":"2019-07-30","value":0.09161011081767942},{"time":"2020-07-30","value":0.11962770831485915},{"time":"2021-07-30","value":0.16627402982059517},{"time":"2022-07-30","value":0.16157955491127754},{"time":"2023-07-30","value":0.17192726478674727}],"Assets":[{"time":"2020-07-30","value":1158591000},{"time":"2021-07-30","value":1183117000},{"time":"2022-07-30","value":1251513000},{"time":"2023-07-30","value":1347682000}],"Stockholders Equity":[{"time":"2019-07-30","value":621132000},{"time":"2020-07-30","value":654604000},{"time":"2021-07-30","value":802238000},{"time":"2022-07-30","value":867161000},{"time":"2023-07-30","value":942408000}],"ROE":[{"time":"2019-07-30","value":0.03557536884269366},{"time":"2020-07-30","value":0.04946043714978827},{"time":"2021-07-30","value":0.06976732590577858},{"time":"2022-07-30","value":0.0694104093703476},{"time":"2023-07-30","value":0.07352017385251398}],"ROA":[{"time":"2020-07-30","value":0.05454124880997695},{"time":"2021-07-30","value":0.07107581076089685},{"time":"2022-07-30","value":0.06976675432057038},{"time":"2023-07-30","value":0.0786372452848669}]}

The Duckhorn Portfolio, Inc. produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers. The company was formerly known as Mallard Intermediate, Inc. and changed its name to The Duckhorn Portfolio, Inc. in February 2021. The Duckhorn Portfolio, Inc. was founded in 1976 and is headquartered in Saint Helena, California. The Duckhorn Portfolio, Inc. operates as a subsidiary of Mallard Holding Company, Llc.

Sector

10-K
7/31/23
10-Q
4/30/23
10-Q
1/31/23
10-Q
10/31/22
10-K
7/31/22
10-Q
4/30/22
10-Q
1/31/22
10-Q
10/31/21
10-K
7/31/21
10-Q
4/30/21

Chart P/E ratio

In the chart Earnings are multiplied by this value.

Earnings Growth 15%

Earnings Stability -16%

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

The Net Margin is high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Data are missing

Years	07-2019	07-2020	07-2021	07-2022	07-2023	TTM
Net Margin	9.2%	12%	17%	16%	17%	17%
ROA	-	5.5%	7.1%	7%	7.9%	7.3%
ROE	3.6%	4.9%	7%	6.9%	7.4%	6.8%

What is the average Net Margin?

The average Net Margin over the past 5 years is +17.19%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +7.86%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +7.35%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -.

Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Under the assumption that FCF does not diminish and debt does not increase, the current years to repay the debt are acceptable.

The Graham’s stability indicate reliability of earnings, and consideration about the future are more dependable.

Years	07-2019	07-2020	07-2021	07-2022	07-2023	TTM
Debt FCF	-	3.35	2.49	9.71	-85.00	-5.52
Debt Equity	-	0.21	0.16	0.27	0.25	0.29
MIN
Graham Stability	-	-	-	100%	100%	100%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -5.52.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

What is the Graham’s Stability?

Graham’s Stability measure stands at 1.00.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Earnings growth has not been increasing in the past years.

Years	07-2020	07-2022	Trend
Revenue	14%	8.2%	-2.6%
Net Income	29%	15%	-16%
Stockholders Equity	13%	8.7%	-0.46%
FCF	-	-	-62%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -2.58%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -15.96%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is -.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -0.46%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -62.41%.