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WINMARK CORP (WINA) Stock Fundamental Analysis

NASDAQ:WINA - Nasdaq - US9742501029 - Common Stock - Currency: USD

369.82  +2.76 (+0.75%)

After market: 369.82 0 (0%)

Fundamental Rating

7

WINA gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 121 industry peers in the Specialty Retail industry. WINA scores excellent points on both the profitability and health parts. This is a solid base for a good stock. While showing a medium growth rate, WINA is valued expensive at the moment. This makes WINA very considerable for quality investing!


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

In the past year WINA was profitable.
In the past year WINA had a positive cash flow from operations.
In the past 5 years WINA has always been profitable.
WINA had a positive operating cash flow in each of the past 5 years.
WINA Yearly Net Income VS EBIT VS OCF VS FCFWINA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M 40M 50M

1.2 Ratios

WINA has a better Return On Assets (134.67%) than 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 189.87%, WINA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
WINA had an Average Return On Invested Capital over the past 3 years of 208.58%. This is significantly above the industry average of 13.07%.
The 3 year average ROIC (208.58%) for WINA is well above the current ROIC(189.87%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 134.67%
ROE N/A
ROIC 189.87%
ROA(3y)138.96%
ROA(5y)132.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)208.58%
ROIC(5y)203.98%
WINA Yearly ROA, ROE, ROICWINA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 -400 -600

1.3 Margins

With an excellent Profit Margin value of 48.36%, WINA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of WINA has grown nicely.
Looking at the Operating Margin, with a value of 64.46%, WINA belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of WINA has grown nicely.
Looking at the Gross Margin, with a value of 95.87%, WINA belongs to the top of the industry, outperforming 99.17% of the companies in the same industry.
WINA's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 64.46%
PM (TTM) 48.36%
GM 95.87%
OM growth 3Y-0.25%
OM growth 5Y2.06%
PM growth 3Y-1.24%
PM growth 5Y2.34%
GM growth 3Y-0.16%
GM growth 5Y-0.16%
WINA Yearly Profit, Operating, Gross MarginsWINA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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8

2. Health

2.1 Basic Checks

WINA has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for WINA has been increased compared to 1 year ago.
The number of shares outstanding for WINA has been reduced compared to 5 years ago.
WINA has a better debt/assets ratio than last year.
WINA Yearly Shares OutstandingWINA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M
WINA Yearly Total Debt VS Total AssetsWINA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

2.2 Solvency

WINA has an Altman-Z score of 16.36. This indicates that WINA is financially healthy and has little risk of bankruptcy at the moment.
WINA's Altman-Z score of 16.36 is amongst the best of the industry. WINA outperforms 99.17% of its industry peers.
WINA has a debt to FCF ratio of 1.37. This is a very positive value and a sign of high solvency as it would only need 1.37 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.37, WINA belongs to the top of the industry, outperforming 80.17% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 1.37
Altman-Z 16.36
ROIC/WACC20.09
WACC9.45%
WINA Yearly LT Debt VS Equity VS FCFWINA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M -60M

2.3 Liquidity

A Current Ratio of 2.66 indicates that WINA has no problem at all paying its short term obligations.
The Current ratio of WINA (2.66) is better than 90.08% of its industry peers.
A Quick Ratio of 2.62 indicates that WINA has no problem at all paying its short term obligations.
WINA has a Quick ratio of 2.62. This is amongst the best in the industry. WINA outperforms 95.04% of its industry peers.
Industry RankSector Rank
Current Ratio 2.66
Quick Ratio 2.62
WINA Yearly Current Assets VS Current LiabilitesWINA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 24.12% over the past year.
WINA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.80% yearly.
WINA shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.60%.
The Revenue has been growing slightly by 2.09% on average over the past years.
EPS 1Y (TTM)24.12%
EPS 3Y1.3%
EPS 5Y6.8%
EPS Q2Q%12.45%
Revenue 1Y (TTM)24.6%
Revenue growth 3Y1.3%
Revenue growth 5Y2.09%
Sales Q2Q%9%

3.2 Future

The Earnings Per Share is expected to grow by 7.77% on average over the next years.
Based on estimates for the next years, WINA will show a small growth in Revenue. The Revenue will grow by 3.57% on average per year.
EPS Next Y8.18%
EPS Next 2Y7.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.57%
Revenue Next 2Y3.57%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
WINA Yearly Revenue VS EstimatesWINA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M
WINA Yearly EPS VS EstimatesWINA Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2 4 6 8 10

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2

4. Valuation

4.1 Price/Earnings Ratio

WINA is valuated quite expensively with a Price/Earnings ratio of 33.05.
The rest of the industry has a similar Price/Earnings ratio as WINA.
WINA's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.30.
Based on the Price/Forward Earnings ratio of 29.24, the valuation of WINA can be described as expensive.
WINA's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.76. WINA is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 33.05
Fwd PE 29.24
WINA Price Earnings VS Forward Price EarningsWINA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

WINA's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. WINA is more expensive than 61.16% of the companies in the same industry.
63.64% of the companies in the same industry are more expensive than WINA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 29.86
EV/EBITDA 19.81
WINA Per share dataWINA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of WINA may justify a higher PE ratio.
PEG (NY)4.04
PEG (5Y)4.86
EPS Next 2Y7.77%
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.03%, WINA has a reasonable but not impressive dividend return.
WINA's Dividend Yield is a higher than the industry average which is at 4.99.
Compared to an average S&P500 Dividend Yield of 2.37, WINA's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.03%

5.2 History

On average, the dividend of WINA grows each year by 65.94%, which is quite nice.
WINA has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)65.94%
Div Incr Years0
Div Non Decr Years0
WINA Yearly Dividends per shareWINA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

5.3 Sustainability

WINA pays out 78.65% of its income as dividend. This is not a sustainable payout ratio.
The dividend of WINA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP78.65%
EPS Next 2Y7.77%
EPS Next 3YN/A
WINA Yearly Income VS Free CF VS DividendWINA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M 40M
WINA Dividend Payout.WINA Dividend Payout, showing the Payout Ratio.WINA Dividend Payout.PayoutRetained Earnings

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WINMARK CORP

NASDAQ:WINA (7/11/2025, 8:00:02 PM)

After market: 369.82 0 (0%)

369.82

+2.76 (+0.75%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)04-16 2025-04-16/dmh
Earnings (Next)07-16 2025-07-16
Inst Owners77.46%
Inst Owner Change0%
Ins Owners5.61%
Ins Owner Change1.64%
Market Cap1.31B
Analysts82.86
Price Target453.9 (22.74%)
Short Float %7.47%
Short Ratio1.17
Dividend
Industry RankSector Rank
Dividend Yield 1.03%
Yearly Dividend11.05
Dividend Growth(5Y)65.94%
DP78.65%
Div Incr Years0
Div Non Decr Years0
Ex-Date05-14 2025-05-14 (0.96)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.42%
Min EPS beat(2)-3.81%
Max EPS beat(2)-3.03%
EPS beat(4)1
Avg EPS beat(4)-2.99%
Min EPS beat(4)-5.99%
Max EPS beat(4)0.87%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.3%
Min Revenue beat(2)-5.37%
Max Revenue beat(2)2.78%
Revenue beat(4)1
Avg Revenue beat(4)-2.63%
Min Revenue beat(4)-5.53%
Max Revenue beat(4)2.78%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.36%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.23%
Valuation
Industry RankSector Rank
PE 33.05
Fwd PE 29.24
P/S 12.65
P/FCF 29.86
P/OCF 29.76
P/B N/A
P/tB N/A
EV/EBITDA 19.81
EPS(TTM)11.19
EY3.03%
EPS(NY)12.65
Fwd EY3.42%
FCF(TTM)12.38
FCFY3.35%
OCF(TTM)12.43
OCFY3.36%
SpS29.24
BVpS-13.01
TBVpS-13.91
PEG (NY)4.04
PEG (5Y)4.86
Profitability
Industry RankSector Rank
ROA 134.67%
ROE N/A
ROCE 243.07%
ROIC 189.87%
ROICexc 937.8%
ROICexgc 2181.62%
OM 64.46%
PM (TTM) 48.36%
GM 95.87%
FCFM 42.36%
ROA(3y)138.96%
ROA(5y)132.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)208.58%
ROIC(5y)203.98%
ROICexc(3y)654.26%
ROICexc(5y)834.68%
ROICexgc(3y)1882.71%
ROICexgc(5y)1685.36%
ROCE(3y)267.03%
ROCE(5y)261.14%
ROICexcg growth 3Y-31.02%
ROICexcg growth 5Y17.18%
ROICexc growth 3Y-34.38%
ROICexc growth 5Y8.99%
OM growth 3Y-0.25%
OM growth 5Y2.06%
PM growth 3Y-1.24%
PM growth 5Y2.34%
GM growth 3Y-0.16%
GM growth 5Y-0.16%
F-Score7
Asset Turnover2.78
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 1.37
Debt/EBITDA 0.89
Cap/Depr 20.07%
Cap/Sales 0.15%
Interest Coverage 24.38
Cash Conversion 65.17%
Profit Quality 87.58%
Current Ratio 2.66
Quick Ratio 2.62
Altman-Z 16.36
F-Score7
WACC9.45%
ROIC/WACC20.09
Cap/Depr(3y)32.47%
Cap/Depr(5y)205.84%
Cap/Sales(3y)0.29%
Cap/Sales(5y)1.5%
Profit Quality(3y)108.12%
Profit Quality(5y)115.18%
High Growth Momentum
Growth
EPS 1Y (TTM)24.12%
EPS 3Y1.3%
EPS 5Y6.8%
EPS Q2Q%12.45%
EPS Next Y8.18%
EPS Next 2Y7.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)24.6%
Revenue growth 3Y1.3%
Revenue growth 5Y2.09%
Sales Q2Q%9%
Revenue Next Year3.57%
Revenue Next 2Y3.57%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y25.27%
EBIT growth 3Y1.05%
EBIT growth 5Y4.19%
EBIT Next Year12.07%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1.01%
FCF growth 3Y-4.43%
FCF growth 5Y0.24%
OCF growth 1Y-0.94%
OCF growth 3Y-4.47%
OCF growth 5Y-3.6%