Naked Wines plc (WINE.L)
Naked Wines connects independent winemakers directly with wine lovers through a subscription model, cutting out the traditional supermarket middleman.
Is Naked Wines plc a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Low price-to-sales ratio indicates the shares are priced modestly compared to overall revenue. Worth weighing: Sales are shrinking significantly year-on-year. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.
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.
How much has Naked Wines plc actually fallen?
Over the last 2 years of daily prices, Naked Wines plc fell as much as −37% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.
Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.
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.
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 subscription model secures a loyal global customer base, creating a thriving niche wine community.
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.
On our factor screen it looks strongest on value and quality, and weakest on growth.
- !Pays no dividend - the whole return rides on the share price
- !Revenue slipped about 21% over the year
- ✓Low debt - a sturdier balance sheet
- 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.
- Growth screens low (2/100)
- Momentum screens low (30/100)
- Income screens low (9/100)
- 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?
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.
When does Naked Wines plc report earnings, and how did recent quarters go?
Naked Wines plc is next scheduled to report on about 2026-12-09 - dates can move, and we don't predict results; this just tells you when to look.
Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.
See who else reports over the next two weeks →
Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.
More in Consumer Defensive
Altria Group
McCormick & Company, Incorporated
The Coca-Cola Company
Kenvue Inc.
Philip Morris International Inc.
Monster Beverage Corporation
Target Corporation
PepsiCo, 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.
What are the pros and cons of Naked Wines plc?
How many points the write-up makes each way — a balance check, not a score or verdict.
- Low price-to-sales ratio indicates the shares are priced modestly compared to overall revenue.
- Decent gross margin: The share of each £1 of sales left after the direct cost of making the product, before other running costs. Higher usually means more pricing power. 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.
- Sales are shrinking significantly year-on-year.
- Net profit margin sits in negative territory, meaning the business is currently loss-making.
- Return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business. is negative, showing it struggles to generate positive returns from shareholder funds.
- 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: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone. offers no income for shareholders while waiting for a turnaround.
The write-up's own warning lights — if these start happening, the case above changes.
- Two consecutive quarters of positive revenue growth.
- Clear evidence of sustainable net profitability in financial results.
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 2026-08-02 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.