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General information

Country: UNITED STATES

Sector: Specialty Retail

Winmark Corporation develops, franchises, and operates value-oriented retail concepts for stores that buy, sell, trade, and consign used and new merchandise. The Company operates in the United States.
Website: winmarkcorporation.com


  • Pretty weak financial results growth rate 2.5% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (7.9%)
  • Dividend yield for the last twelve months 3.5%
  • Free cash flow yield 3.4% (LTM)
  • Share price is 93.9% higher than minimum and 19.4% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (23.7x vs 23.8x)
  • Fundamental value created in LTM (estimate)
  • For the last 3 months insiders sold company shares on $4.6 mln (-0.356% of cap.)

Key Financials (Download financials)

Ticker: WINA
Share price, USD:  (0.0%)360
year average price 374.46  


year start price 331.84 2023-05-01

min close price 319.02 2023-05-05

max close price 446.68 2023-12-08

current price 360.00 2024-04-29
Common stocks: 3 452 399

Dividend Yield:  3.5%
FCF Yield LTM: 3.4%
EV / LTM EBITDA: 23.7x
EV / EBITDA annualized: 21.7x
Last revenue growth (y/y):  5.0%
Last growth of EBITDA (y/y):  0.0%
Historical revenue growth:  5.3%
Historical growth of EBITDA:  10.4%
EV / Sales: 16.3x
Margin (EBITDA LTM / Revenue): 68.8%

Target EV / EBITDA (hist percentile): 23.8x
Express share price potential:
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 1 243
Net Debt ($m): 62
EV (Enterprise Value): 1 305
EBITDA LTM (млн $): 55
EV / LTM EBITDA: 23.7x
Price to Book: -23.6x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / EBITDA

Potential dynamics

News


2024-03-16The Motley Fool

1 Unstoppable Multibagger Up 8,540% Since 2000 to Buy and Hold Forever After a Recent Dip in Price

2024-02-21GuruFocus

Winmark Has Upside Potential in Next 5 Years

2024-02-07Seeking Alpha

Winmark: A Compounder At A Reasonable Price

2023-09-01Seeking Alpha

Winmark: A Top-Class Business, But No Margin Of Safety

2023-07-15The Motley Fool

Winmark CEO Brett Heffes on the Business of Resale
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-03-30 2023-12-30 2023-09-30 2023-07-01 2023-04-01 2022-12-31 2022-09-24
symbol WINA WINA WINA WINA WINA WINA WINA
reportedCurrency USD USD USD USD USD USD USD
cik 908 315 908 315 908 315 908 315 908 315 908 315 908 315
fillingDate 2024-04-17 2024-02-28 2023-10-18 2023-07-19 2023-04-19 2023-03-10 2022-10-12
acceptedDate 2024-04-17 13:05:51 2024-02-28 11:14:26 2023-10-18 12:49:05 2023-07-19 12:16:56 2023-04-19 11:33:01 2023-03-10 11:41:26 2022-10-12 11:45:22
calendarYear 2024.000 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q1 Q4 Q3 Q2 Q1 Q4 Q3
revenue 20M 20M 22M 20M 21M 21M 21M
costOfRevenue 1M 1M 946 400 1M 2M 1M 1M
grossProfit 19M 19M 21M 19M 19M 20M 20M
grossProfitRatio 0.947 0.945 0.958 0.936 0.927 0.941 0.948
researchAndDevelopmentExpenses 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 6M 0 0 0 0 0
sellingAndMarketingExpenses 0 700 000 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 7M 6M 6M 6M 7M 6M 6M
otherExpenses 1500.000 1000.000 -700.000 -700.000 -4600.000 -11 300 -22 000
operatingExpenses 7M 6M 6M 6M 7M 6M 6M
costAndExpenses 8M 8M 7M 7M 8M 8M 7M
interestIncome 187 900 368 300 385 400 292 300 125 700 78 600 21 700
interestExpense 737 700 751 100 763 100 779 100 797 600 869 300 820 500
depreciationAndAmortization 271 000 277 900 264 200 553 600 385 100 78 600 253 600
ebitda 12M 13M 16M 14M 13M 13M 15M
ebitdaratio 0.621 0.639 0.707 0.678 0.622 0.638 0.694
operatingIncome 12M 13M 15M 13M 12M 13M 14M
operatingIncomeRatio 0.608 0.625 0.678 0.651 0.604 0.634 0.681
totalOtherIncomeExpensesNet -549 800 -382 800 -377 700 -486 800 -671 900 -790 700 -798 800
incomeBeforeTax 12M 12M 15M 13M 12M 13M 14M
incomeBeforeTaxRatio 0.580 0.606 0.661 0.627 0.571 0.597 0.644
incomeTaxExpense 3M 2M 4M 2M 3M 2M 3M
netIncome 9M 10M 11M 10M 9M 10M 10M
netIncomeRatio 0.439 0.485 0.500 0.509 0.436 0.482 0.490
eps 2.520 2.780 3.200 2.980 2.580 2.950 3.010
epsdiluted 2.410 2.640 3.050 2.850 2.490 2.860 2.930
weightedAverageShsOut 3M 3M 3M 4M 3M 3M 3M
weightedAverageShsOutDil 4M 4M 4M 4M 4M 4M 4M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Balance Sheet Statement

Property 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-03-30 2023-12-30 2023-09-30 2023-07-01 2023-04-01 2022-12-31 2022-09-24
symbol WINA WINA WINA WINA WINA WINA WINA
reportedCurrency USD USD USD USD USD USD USD
cik 908 315 908 315 908 315 908 315 908 315 908 315 908 315
fillingDate 2024-04-17 2024-02-28 2023-10-18 2023-07-19 2023-04-19 2023-03-10 2022-10-12
acceptedDate 2024-04-17 13:05:51 2024-02-28 11:14:26 2023-10-18 12:49:05 2023-07-19 12:16:56 2023-04-19 11:33:01 2023-03-10 11:41:26 2022-10-12 11:45:22
calendarYear 2024.000 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q1 Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 23M 13M 41M 32M 25M 14M 17M
shortTermInvestments 34 100 75 100 124 300 90 000 125 300 344 900 839 900
cashAndShortTermInvestments 23M 13M 41M 32M 25M 14M 18M
netReceivables 2M 2M 2M 2M 2M 2M 2M
inventory 420 900 386 100 290 900 446 900 414 300 770 600 637 900
otherCurrentAssets 1M 1M 1M 1M 1M 2M 1M
totalCurrentAssets 26M 17M 44M 36M 28M 18M 21M
propertyPlantEquipmentNet 4M 4M 4M 4M 4M 4M 5M
goodwill 607 500 607 500 607 500 607 500 607 500 607 500 607 500
intangibleAssets 3M 3M 3M 3M 3M 3M 3M
goodwillAndIntangibleAssets 4M 4M 4M 4M 4M 4M 4M
longTermInvestments 0 3M 0 0 0 5400.000 63 600
taxAssets 4M 4M 3M 3M 4M 4M 3M
otherNonCurrentAssets 487 800 -3M 467 700 461 300 470 100 429 700 416 300
totalNonCurrentAssets 12M 12M 12M 12M 12M 12M 13M
otherAssets 1.000 0 0 0 0 0 0
totalAssets 38M 29M 56M 48M 40M 30M 34M
accountPayables 1M 2M 2M 2M 1M 2M 2M
shortTermDebt 5M 5M 4M 4M 4M 4M 4M
taxPayables 2M 0 0 0 2M 0 0
deferredRevenue 2M 2M 2M 2M 2M 2M 2M
otherCurrentLiabilities 7M 2M 4M 4M 6M 3M 4M
totalCurrentLiabilities 14M 10M 12M 12M 13M 11M 12M
longTermDebt 64M 65M 70M 71M 72M 73M 75M
deferredRevenueNonCurrent 8M 8M 8M 7M 7M 7M 7M
deferredTaxLiabilitiesNonCurrent 4M 4M 0 0 0 0 0
otherNonCurrentLiabilities 1M 1M 1M 1M 1M 1M 940 500
totalNonCurrentLiabilities 77M 78M 78M 79M 81M 81M 83M
otherLiabilities 0 0 0 0 0 0 0
capitalLeaseObligations 4M 4M 4M 4M 4M 4M 4M
totalLiabilities 91M 88M 90M 91M 94M 92M 94M
preferredStock 0 0.000 0 0 0 0 0
commonStock 8M 8M 6M 6M 3M 2M 382 100
retainedEarnings -61M -67M -41M -49M -57M -63M -61M
accumulatedOtherComprehensiveIncomeLoss 0 -0.000 0 0 0 0 0
othertotalStockholdersEquity 0 -1.000 0 0 0 0 0
totalStockholdersEquity -53M -59M -35M -44M -54M -62M -60M
totalEquity -53M -59M -35M -44M -54M -62M -60M
totalLiabilitiesAndStockholdersEquity 38M 29M 56M 48M 40M 30M 34M
minorityInterest 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 38M 29M 56M 48M 40M 30M 34M
totalInvestments 34 100 3M 124 300 90 000 125 300 350 300 903 500
totalDebt 72M 73M 74M 75M 76M 78M 79M
netDebt 49M 60M 33M 43M 52M 64M 62M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Cash Flow Statement

Property 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-03-30 2023-12-30 2023-09-30 2023-07-01 2023-04-01 2022-12-31 2022-09-24
symbol WINA WINA WINA WINA WINA WINA WINA
reportedCurrency USD USD USD USD USD USD USD
cik 908 315 908 315 908 315 908 315 908 315 908 315 908 315
fillingDate 2024-04-17 2024-02-28 2023-10-18 2023-07-19 2023-04-19 2023-03-10 2022-10-12
acceptedDate 2024-04-17 13:05:51 2024-02-28 11:14:26 2023-10-18 12:49:05 2023-07-19 12:16:56 2023-04-19 11:33:01 2023-03-10 11:41:26 2022-10-12 11:45:22
calendarYear 2024.000 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q1 Q4 Q3 Q2 Q1 Q4 Q3
netIncome 9M 10M 11M 10M 9M 10M 10M
depreciationAndAmortization 271 000 277 900 264 200 261 300 259 400 273 900 253 600
deferredIncomeTax 671 200 -660 400 7400.000 124 200 24 200 -73 000 -29 300
stockBasedCompensation 485 900 501 400 509 000 466 100 475 900 448 600 432 400
changeInWorkingCapital 4M -1M 163 300 -3M 4M -2M -431 600
accountsReceivables -213 300 299 500 -761 700 316 200 -143 200 -116 800 0
inventory -34 800 -95 200 156 000 -32 600 356 300 -132 700 -34 500
accountsPayables -423 100 24 500 56 500 194 700 -678 300 212 100 20 600
otherWorkingCapital 4M -2M 712 500 -3M 4M -2M 853 500
otherNonCashItems -672 700 298 500 -14 600 829 900 496 900 1M 1M
netCashProvidedByOperatingActivities 13M 9M 12M 9M 14M 10M 12M
investmentsInPropertyPlantAndEquipment -87 900 -99 200 -187 800 -91 400 -5500.000 -69 100 -27 000
acquisitionsNet 0 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0 0
otherInvestingActivites 0 0 0 0 0 9400.000 0
netCashUsedForInvestingActivites -87 900 -99 200 -187 800 -91 400 -5500.000 -59 700 -27 000
debtRepayment -1M -1M -1M -1M -1M -1M -1M
commonStockIssued 70 000 855 500 179 300 2M 590 400 4 751 700M 0
commonStockRepurchased 0 0 -179 300 -2M 472 100 -838 600 -433 700
dividendsPaid -3M -36M -3M -3M -2M -13M -2M
otherFinancingActivites -992 500 855 500 179 300 2M -472 100 -4 751 698M 383 400
netCashUsedProvidedByFinancingActivities -4M -36M -4M -1M -3M -13M -4M
effectOfForexChangesOnCash 0 0 0 0 0 0 0
netChangeInCash 9M -27M 8M 8M 11M -3M 8M
cashAtEndOfPeriod 23M 13M 41M 32M 25M 14M 17M
cashAtBeginningOfPeriod 13M 41M 32M 25M 14M 17M 9M
operatingCashFlow 13M 9M 12M 9M 14M 10M 12M
capitalExpenditure -87 900 -99 200 -187 800 -91 400 -5500.000 -69 100 -27 000
freeCashFlow 13M 9M 12M 9M 14M 10M 12M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-04-17 14:21 ET
Winmark Corporation Announces Increase in Cash Dividend
2024-04-17 14:17 ET
Winmark Corporation Announces First Quarter Results
2024-02-21 15:39 ET
Winmark Corporation Announces Year End Results
2024-01-31 14:08 ET
Winmark Corporation Announces Quarterly Cash Dividend
2024-01-16 22:37 ET
Winmark Corporation Announces Governance Changes
2023-10-18 15:43 ET
Winmark Corporation Announces Quarterly Cash Dividend and Special Dividend
2023-10-18 15:40 ET
Winmark Corporation Announces Third Quarter Results
2023-07-19 15:40 ET
Winmark Corporation Announces Quarterly Cash Dividend
2023-07-19 15:24 ET
Winmark Corporation Announces Second Quarter Results
2023-04-19 15:25 ET
Winmark Corporation Announces Increase in Cash Dividend
2023-04-19 15:21 ET
Winmark Corporation Announces First Quarter Results
2023-03-01 15:44 ET
Winmark Corporation Appoints New Board Member
2023-03-01 15:42 ET
Winmark Corporation Announces Year End Results
2023-01-25 14:13 ET
Winmark Corporation Announces Quarterly Cash Dividend
2022-11-16 14:33 ET
Winmark Corporation Appoints New Board Member
2022-10-12 15:18 ET
Winmark Corporation Announces Quarterly Cash Dividend and Special Dividend
2022-10-12 15:16 ET
Winmark Corporation Announces Third Quarter Results
2022-08-03 17:45 ET
Winmark Corporation Announces Governance Changes
2022-07-13 15:25 ET
Winmark Corporation Announces Quarterly Cash Dividend
2022-07-13 15:24 ET
Winmark Corporation Announces Second Quarter Results
2022-06-14 19:10 ET
Winmark Corporation Announces Addition of Play It Again Sports Franchised Locations
2022-04-13 15:17 ET
Winmark Corporation Announces Increase in Cash Dividend
2022-04-13 15:16 ET
Winmark Corporation Announces First Quarter Results
2022-02-23 15:57 ET
Winmark Corporation Announces Year End Results
2022-01-26 13:55 ET
Winmark Corporation Announces Quarterly Cash Dividend
2021-12-15 21:20 ET
Winmark Corporation Announces Governance Changes
2021-10-13 15:44 ET
Winmark Corporation Announces Quarterly Cash Dividend and Special Dividend
2021-10-13 15:38 ET
Winmark Corporation Announces Third Quarter Results
2021-09-10 12:58 ET
Winmark Corporation Announces Issuance of $30.0 Million of 3.18% Notes Due 2028
2021-07-14 15:51 ET
Winmark Corporation Announces Quarterly Cash Dividend and Increase in Share Repurchase Authorization
2021-07-14 15:34 ET
Winmark Corporation Announces Second Quarter Results
2021-05-14 20:07 ET
Winmark Corporation Announces Run-off of Leasing Portfolio
2021-04-14 15:30 ET
Winmark Corporation Announces Increase in Cash Dividend
2021-04-14 15:28 ET
Winmark Corporation Announces First Quarter Results
2021-02-24 16:14 ET
Winmark Corporation Announces Year End Results
2021-01-27 14:20 ET
Winmark Corporation Announces Cash Dividend
2021-01-15 14:35 ET
Winmark Corporation Appoints New Board Member
2020-10-14 15:45 ET
Winmark Corporation Announces Quarterly Cash Dividend and Special Dividend
2020-10-14 15:43 ET
Winmark Corporation Announces Third Quarter Results
2020-07-15 16:11 ET
CORRECTING and REPLACING Winmark Corporation Announces Cash Dividend
2020-07-15 16:10 ET
Winmark Corporation Announces Second Quarter Results
2020-04-29 19:40 ET
Winmark Corporation Announces Cash Dividend
2020-04-14 16:24 ET
Winmark Corporation Announces First Quarter Results
2020-02-27 21:25 ET
Winmark Corporation Announces Management Changes
2020-02-26 17:01 ET
Winmark Corporation Announces Year End Results
2020-01-29 21:04 ET
Winmark Corporation Announces Governance Changes
2020-01-29 14:12 ET
Winmark Corporation Announces Cash Dividend
2020-01-17 13:57 ET
Winmark Corporation Announces Results of Its Self-tender Offer
2019-12-17 13:01 ET
CORRECTING and REPLACING Winmark Corporation Commences Self-Tender Offer to Purchase up to 300,000 Shares
2019-10-23 13:20 ET
Winmark Corporation Announces Cash Dividend
2019-10-16 16:21 ET
Winmark Corporation Announces Third Quarter Results

SEC forms

Show financial reports only

SEC form 10
2024-04-17 13:05 ET
Winmark reported for 2024 q1
SEC form 8
2024-04-17 10:26 ET
Winmark published news for 2024 q1
SEC form 8
2024-04-17 10:26 ET
Winmark published news for 2024 q1
SEC form 8
2024-04-17 10:26 ET
Winmark reported for 2024 q1
SEC form 10
2024-04-17 00:00 ET
Winmark reported for 2024 q1
SEC form 10
2024-02-28 11:14 ET
Winmark reported for 2023 q4
SEC form 10
2024-02-28 00:00 ET
Winmark reported for 2023 q4
SEC form 8
2024-02-21 00:00 ET
Winmark published news for 2023 q4
SEC form 8
2024-02-21 00:00 ET
Winmark reported for 2023 q4
SEC form 8
2023-10-18 12:56 ET
Winmark reported for 2023 q3
SEC form 10
2023-10-18 12:49 ET
Winmark reported for 2023 q3
SEC form 10
2023-10-18 00:00 ET
Winmark reported for 2023 q3
SEC form 6
2023-07-19 12:28 ET
Winmark reported for 2023 q2
SEC form 10
2023-07-19 12:16 ET
Winmark reported for 2023 q2
SEC form 10
2023-07-19 00:00 ET
Winmark reported for 2023 q2
SEC form 8
2023-07-19 00:00 ET
Winmark reported for 2023 q2
SEC form 10
2023-04-19 00:00 ET
Winmark reported for 2023 q1
SEC form 8
2023-04-19 00:00 ET
Winmark reported for 2023 q1
SEC form 6
2023-03-10 11:52 ET
Winmark published news for 2022 q4
SEC form 10
2023-03-10 11:41 ET
Winmark reported for 2022 q4
SEC form 10
2023-03-10 00:00 ET
Winmark reported for 2022 q4
SEC form 6
2023-03-01 11:03 ET
Winmark reported for 2022 q4
SEC form 8
2023-03-01 00:00 ET
Winmark reported for 2022 q4
SEC form 6
2023-01-25 11:10 ET
Winmark published news for 2022 q4
SEC form 6
2022-11-16 11:27 ET
Winmark published news for 2022 q3
SEC form 6
2022-10-12 12:33 ET
Winmark published news for 2022 q3
SEC form 10
2022-10-12 11:45 ET
Winmark reported for 2022 q3
SEC form 10
2022-10-12 00:00 ET
Winmark reported for 2022 q3
SEC form 8
2022-10-12 00:00 ET
Winmark reported for 2022 q3
SEC form 6
2022-08-03 14:52 ET
Winmark published news for 2022 q2
SEC form 10
2022-07-13 14:10 ET
Winmark reported for 2022 q2
SEC form 6
2022-07-13 11:37 ET
Winmark published news for 2022 q2
SEC form 10
2022-07-13 00:00 ET
Winmark reported for 2022 q2
SEC form 8
2022-07-13 00:00 ET
Winmark reported for 2022 q2
SEC form 6
2022-04-27 16:58 ET
Winmark published news for 2022 q1
SEC form 10
2022-04-14 14:27 ET
Winmark reported for 2022 q1
SEC form 10
2022-04-14 00:00 ET
Winmark reported for 2022 q1
SEC form 6
2022-04-13 12:31 ET
Winmark published news for 2022 q1
SEC form 6
2022-03-16 17:33 ET
Winmark published news for 2021 q4
SEC form 6
2022-03-08 12:02 ET
Winmark published news for 2021 q4
SEC form 10
2022-03-08 11:34 ET
Winmark published news for 2021 q4
SEC form 10
2022-03-08 00:00 ET
Winmark published news for 2021 q4
SEC form 6
2022-02-23 13:01 ET
Winmark published news for 2021 q4
SEC form 8
2022-02-23 00:00 ET
Winmark published news for 2021 q4
SEC form 6
2022-01-26 09:59 ET
Winmark published news for 2021 q4
SEC form 6
2021-12-15 16:54 ET
Winmark published news for 2021 q3
SEC form 6
2021-10-14 12:57 ET
Winmark published news for 2021 q3
SEC form 8
2021-10-14 00:00 ET
Winmark published news for 2021 q3
SEC form 10
2021-10-13 15:19 ET
Winmark published news for 2021 q3
SEC form 10
2021-10-13 00:00 ET
Winmark published news for 2021 q3
SEC form 6
2021-09-10 10:25 ET
Winmark published news for 2021 q2
SEC form 10
2021-07-20 10:21 ET
Winmark published news for 2021 q2
SEC form 10
2021-07-20 00:00 ET
Winmark published news for 2021 q2
SEC form 6
2021-07-14 13:58 ET
Winmark published news for 2021 q2
SEC form 8
2021-07-14 00:00 ET
Winmark published news for 2021 q2
SEC form 6
2021-05-14 16:15 ET
Winmark published news for 2021 q1
SEC form 6
2021-04-29 09:35 ET
Winmark published news for 2021 q1
SEC form 10
2021-04-20 11:19 ET
Winmark published news for 2021 q1
SEC form 10
2021-04-20 00:00 ET
Winmark published news for 2021 q1
SEC form 6
2021-04-14 12:15 ET
Winmark published news for 2021 q1
SEC form 8
2021-04-14 00:00 ET
Winmark published news for 2021 q1
SEC form 6
2021-03-09 13:52 ET
Winmark published news for 2020 q4
SEC form 10
2021-03-09 13:40 ET
Winmark published news for 2020 q4
SEC form 6
2021-02-24 14:49 ET
Winmark published news for 2020 q4
SEC form 6
2021-01-27 10:23 ET
Winmark published news for 2020 q4
SEC form 6
2021-01-15 10:46 ET
Winmark published news for 2020 q4
SEC form 10
2020-10-20 11:21 ET
Winmark published news for 2020 q3
SEC form 6
2020-10-14 13:48 ET
Winmark published news for 2020 q3