Vintage Wine Estates Inc. (VWE) Financial Analysis and Rating

Comparison Analysis Based on SEC Data

Company Name Vintage Wine Estates Inc.
Industry (SIC) 208 - Beverages
Revenue in 2023 (TTM) $268,010 thousand (ranked #56 out of 91 companies in the industry)
Assets as of 12/31/2023 $502,508 thousand (ranked #49)
Market Cap $4,424 thousand (Jul 24, 2024)
Analyzed report 3/31/2023 (filed 10/13/2023)

Year:

Financial Position and Performance

Compared with Q1 2023 industry ratios Change during the quarter

much worse

deteriorated
Compared with all listed companies

much worse

Compare with a competitor

Financial Ratios Benchmarking

Finanancial Ratio Comparison of 3/31/2023 company ratios
with Q1 2023 industry ratios
(20 - Food And Kindred Products)
with all listed companies
Solvency Ratios
Debt ratio 
0.65
0.58
0.65
0.61
Debt-to-equity ratio 
1.86
1.26
1.86
1.30
Interest coverage ratio 
-2.78
2.29
-2.78
1.47
Liquidity Ratios
Current Ratio 
1.50
1.68
1.50
1.74
Quick Ratio 
0.32
0.76
0.32
1.04
Cash Ratio 
0.13
0.19
0.13
0.49
Profitability Ratios
Profit margin 
-20.9%
0.7%
-20.9%
1.1%
ROE (Return on equity), after tax 
-4.4%
6.3%
-4.4%
2.6%
ROA (Return on assets) 
-1.9%
0.5%
-1.9%
0.3%
Activity Ratios
Asset turnover (days) 
4115
428
4115
785
Receivables turnover (days) 
216
34
216
49
Resulting score -1,3 -1,4

Year:

Additional Ratios (not used in score calculation)

Finanancial Ratio Comparison of 3/31/2023 company ratios
with Q1 2023 industry ratios
(20 - Food And Kindred Products)
with all listed companies
Profitability Ratios
Gross margin 
20.5%
28.6%
20.5%
40.4%
Operating margin (Return on sales) 
-18.5%
2.7%
-18.5%
6%
Activity Ratios
Inventory turnover (days) 
1494
77
1494
93
EBIT  $(12)M
EBITDA  $(8)M
Price Ratios
Earnings per Share (basic)  $-0.23
Earnings per Share (diluted)  $-0.23

Auditor's Conclusion

We have performed a comparative analysis of the balance sheet and income statement of Vintage Wine Estates Inc. (hereafter – the "Company") for Q1 2023 as submitted to the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Beverages" (SIC code 208). In the analysis, we have compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the specific industry sector and for all companies. The averages are calculated using data from Q1 2023 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have drawn a general conclusion about the quality of the company's financial condition. Calculations and summary conclusions are performed in a computerized manner using software and methodologies developed by ReadyRatios.

As a result of the analysis of the key financial ratios of the Company, we have established the following. The financial condition of Vintage Wine Estates Inc. in 2023 is much worse than the financial condition of half of all companies engaged in the activity "Beverages".

The same conclusion can be reached when comparing the Company's ratios to the averages for all U.S. industries. The financial position of Vintage Wine Estates Inc. is much worse than that of most listed companies that submit financial statements to the U.S. Securities and Exchange Commission.

Financial Position and Performance History


More on Vintage Wine Estates Inc.

Closest Competitors

Company USD ($), in Millions
Revenue Assets
The Duckhorn Portfolio Inc. 397 1,424
BRC Inc. 396 236
Crimson Wine Group, Ltd 72 222
Willamette Valley Vineyards Inc. 39 106

See all industry leaders

Financial Data Source and Analysis Principles

The above is a comparative analysis of the company's financial position and performance. The comparison is based on official financial statements filed with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). The comparison is made using the eleven key financial ratios (see the table above). The company's financial ratios are compared with the median of the ratios for all companies and for companies in the same industry, as well as to the quartiles of these ratios. Each ratio value is assigned a score between -2 and +2 depending on its position relative to the quartiles (-2 – below the first quartile; -1 – between the first and the second quartile; +1 – between the second and the third quartile; +2 – above the third quartile; 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and the quartile closest to the ratio value). To draw a conclusion from the analysis, the individual scores are weighted equally to produce an overall score ranging from -2 and +2.

much better (+1 - +2incl)
better (from 0.11 to +1incl)
about the same (from -0.11incl to +0.11incl)
worse (from -1incl to -0.11)
much worse (from -2incl to -1)
"Change during the year" calculation

Change during the year is calculated by comparing the resulting score of financial position within the industry with the last year's (quarter's) score. The result of the comparison may be as follows:

significantly improved (positive change of more than 1 point)
improved (positive change of less than 1 point)
unchanged (little or no change in score, no more than 0.11 points)
deteriorated (the score has decreased by less than 1 point during the year)
deteriorated significantly (the score has decreased by more than 1 point during the year)


Please note that this analysis does not indicate that the company's financial position is good or bad, but rather describes it in comparison to other U.S. businesses. For a detailed financial analysis, please use "ReadyRatios Financial Analysis" - load the data into the program>>

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