Educational information, not financial advice or a personal recommendation. Not regulated by the FCA. Do your own research. Capital at risk.
Sterling AlmanacExploreStart hereFind your fitGlossaryCompareMy ListMy PieEarnings calendarSupport

Naked Wines plc (WINE.L)

Consumer Defensive Out of favour

Naked Wines connects independent winemakers directly with wine lovers through a subscription model, cutting out the traditional supermarket middleman.

£0.72

Is Naked Wines plc a good stock for a UK beginner?

The honest version: Naked Wines connects independent winemakers directly with wine lovers through a subscription model, cutting out the traditional supermarket middleman.

No rating · no target price · nothing for sale here
Price+27.1%
52-week range-8% past year
£0.72
Low £0.62High £0.93
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Naked Wines plc
£1,271+27%

Over about 2 years to 2026-07-31. This is the share price only; any dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£47.74M
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
64.19K
Day range: The lowest and highest price the shares traded at during the latest day.
£0.71 – £0.73
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£0.62 – £0.93
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
0.0%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.27
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.27
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +1% past week · ▼ -8% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

The subscription model secures a loyal global customer base, creating a thriving niche wine community.

The bear case

Heavy competition from mainstream online grocers eventually squeezes the business out entirely.

What does Naked Wines plc do?

Operating in the competitive drinks delivery market, this online retailer asks customers to pay a regular subscription fee that builds up credit for future bottle purchases. This upfront cash helps fund independent vineyards before their grapes are even harvested. The critical detail to keep an eye on is whether the company can halt its shrinking sales and turn those negative profit margins around.

VQGMI
Factor profile

On our factor screen it looks strongest on value and quality, and weakest on growth.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 69Quality: How profitable and financially healthy the company is (higher = stronger). 35Growth: How fast revenue and earnings are growing (higher = faster). 2Momentum: How the share price has been trending recently (higher = stronger recent run). 26Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 10
Quick checks
What's strong
  • Low price-to-sales ratio indicates the shares are priced modestly compared to overall revenue.
  • Decent gross margin shows the underlying product retains a healthy markup.
  • Direct relationship with winemakers offers unique exclusive products customers cannot get elsewhere.
What to watch
  • Growth screens low (2/100)
  • Momentum screens low (26/100)
  • Income screens low (10/100)
  • Continued loss of subscribers could deplete cash reserves rapidly.
  • High share price volatility (beta of 1.3) means swings can be sharper than the wider market.

What do Naked Wines plc's numbers mean?

Forward P/E
15.9
This compares the company's share price to its forecasted future earnings, giving a rough guide of how expensive the shares are relative to expected profits.
P/S
0.2
This shows you pay just twenty pence for every pound of total revenue the business brings in, suggesting the market currently places a very low value on its sales.
Revenue growth (yoy)
-20.6%
Total yearly sales dropped by over a fifth compared to the previous year, highlighting a notable contraction in customer demand.
Gross margin
36.2%
For every pound of wine sold, the company keeps about 36 pence after covering the direct cost of making and shipping the bottles.

Does Naked Wines plc pay a dividend?

No - Naked Wines plc doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

More in Consumer Defensive

Altria GroupMcCormick & Company, IncorporatedThe Coca-Cola CompanyKenvue Inc.Philip Morris International Inc.Monster Beverage CorporationTarget CorporationPepsiCo, Inc.

What are the scenarios for Naked Wines plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£1£1£1today · £1▲ Bull · £1• Base · £1▼ Bear · £1in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +20%Stabilising sales figures reassure the market that the customer exodus has stopped.
Base
-5% to +5%Trading continues broadly in line with current expectations amid quiet market conditions.
Bear
-15% to -25%Further quarterly updates reveal accelerated customer losses and shrinking cash reserves.

What are the pros and cons of Naked Wines plc?

4bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case4
  • Low price-to-sales ratio indicates the shares are priced modestly compared to overall revenue.
  • Decent gross margin shows the underlying product retains a healthy markup.
  • Direct relationship with winemakers offers unique exclusive products customers cannot get elsewhere.
  • Small market capitalization leaves room for swift percentage moves if sentiment shifts.
The catch3
  • Sales are shrinking significantly year-on-year.
  • Net profit margin sits in negative territory, meaning the business is currently loss-making.
  • Return on equity is negative, showing it struggles to generate positive returns from shareholder funds.
Key risks3
  • Continued loss of subscribers could deplete cash reserves rapidly.
  • High share price volatility (beta of 1.3) means swings can be sharper than the wider market.
  • Zero dividend yield offers no income for shareholders while waiting for a turnaround.
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: low · data: GBP · flags: pe, earnings_growth · Charts by TradingView Lightweight Charts™
Found this useful? The Almanac is free and ad-free - a coffee keeps it that way.Support →

Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-01 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-01. Prices may be delayed and numbers can go stale - always double-check before acting.