WINA Stock Analysis: Winmark | NASDAQ
Specialty Retail | NASDAQ, USA | Market Cap: 980m USD | 12M Return: -32.4% | US9742501029 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 21.2M
EPS Trend: 57.6%
Qual. Beats: 0
Rev. Trend: 78.4%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Winmark Corporation (NASDAQ: WINA) is a Minneapolis-based resale company that operates primarily as a franchisor across the United States and Canada. It runs five resale retail brands: Platos Closet (teen and young adult clothing), Once Upon A Child (childrens clothing, toys, and gear), Style Encore (womens and mens apparel), Play It Again Sports (new and used sporting goods), and Music Go Round (musical instruments and related equipment). The company was incorporated in 1988 under the name Grow Biz International and rebranded as Winmark Corporation in November 2001.
In addition to its retail franchise operations, Winmark runs a middle-market equipment leasing business under the Winmark Capital brand, and it supplies point-of-sale hardware to its franchisees along with select merchandise to Play It Again Sports franchisees. The franchise model gives the company an asset-light structure, with revenue largely driven by royalties, franchise fees, and leasing income rather than direct store ownership.
Winmark trades as a small-cap stock (market cap around $1.27 billion) within the Consumer Discretionary sector, classified under Other Specialty Retail. Its business model sits at the intersection of the resale/circular economy and franchising, allowing it to participate in secondhand demand across multiple consumer categories without bearing the operating risk of individual store locations.
- Resale demand drives Platos Closet and Once Upon A Child royalties
- Winmark Capital leasing portfolio performance impacts earnings
- New franchise unit growth expands recurring royalty revenue
| Net Income: 41.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.99 > 0.02 and ΔFCF/TA 17.25 > 1.0 |
| NWC/Revenue: 24.40% < 20% (prev 42.40%; Δ -17.99% < -1%) |
| CFO/TA 0.98 > 3% & CFO 44.1m > Net Income 41.4m |
| Net Debt (39.3m) to EBITDA (56.6m): 0.69 < 3 |
| Current Ratio: 3.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.69m) vs 12m ago -0.20% < -2% |
| Gross Margin: 92.38% > 18% (prev 96.29%; Δ -3.91% > 0.5%) |
| Asset Turnover: 185.8% > 50% (prev 157.3%; Δ 28.60% > 0%) |
| Interest Coverage Ratio: 22.67 > 6 (EBIT TTM 55.6m / Interest Expense TTM 2.45m) |
| A: 0.50 (Total Current Assets 32.6m - Total Current Liabilities 10.2m) / Total Assets 45.0m |
| B: -1.17 (Retained Earnings -52.6m / Total Assets 45.0m) |
| C: 1.12 (EBIT TTM 55.6m / Avg Total Assets 49.4m) |
| D: -0.45 (Book Value of Equity -37.4m / Total Liabilities 82.4m) |
| Altman-Z'' = 6.54 = AAA |
| DSRI: 1.25 (Receivables 2.25m/1.66m, Revenue 91.8m/84.5m) |
| GMI: 1.04 (GM 96.29% / 92.38%) |
| AQI: 1.54 (AQ_t 0.22 / AQ_t-1 0.14) |
| SGI: 1.09 (Revenue 91.8m / 84.5m) |
| TATA: -0.06 (NI 41.4m - CFO 44.1m) / TA 45.0m) |
| Beneish M = -2.40 (Cap -4..+1) = BBB |
As of November 14, 2026, the stock is trading at USD 271.67 with a total of 59,027 shares traded. Over the past week, the price has changed by +4.72%, over one month by -1.64%, over three months by -20.55% and over the past year by -32.35%.
Current recommended Stop Loss: 254.80 (which is 6.2% or 1.4 ATR below the current price).
Winmark has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy WINA.
- StrongBuy: 0
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 545 | 100.6% |
P/E Trailing = 23.6988
P/E Forward = 14.9031
P/S = 10.6777
P/B = 58.6841
P/EG = 1.4084
Revenue TTM = 91.8m USD
EBIT TTM = 55.6m USD
EBITDA TTM = 56.6m USD
Long Term Debt = 60.0m USD (from longTermDebt, last quarter)
Short Term Debt = 700k USD (from shortTermDebt, last quarter)
Debt = 64.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 1.87m
Net Debt = 39.3m USD (calculated: Debt 64.4m - CCE 25.1m)
Enterprise Value = 1.02b USD (980.1m + Debt 64.4m - CCE 25.1m)
Interest Coverage Ratio = 22.67 (Ebit TTM 55.6m / Interest Expense TTM 2.45m)
EV/FCF = 22.83x (Enterprise Value 1.02b / FCF TTM 44.7m)
FCF Yield = 4.38% (FCF TTM 44.7m / Enterprise Value 1.02b)
FCF Margin = 48.65% (FCF TTM 44.7m / Revenue TTM 91.8m)
Net Margin = 45.11% (Net Income TTM 41.4m / Revenue TTM 91.8m)
Gross Margin = 92.38% ((Revenue TTM 91.8m - Cost of Revenue TTM 7.00m) / Revenue TTM)
Gross Margin QoQ = 82.89% (prev none%)
Tobins Q-Ratio = 22.64 (Enterprise Value 1.02b / Total Assets 45.0m)
Interest Expense / Debt = 3.81% (Interest Expense 2.45m / Debt 64.4m)
Taxrate = 21.85% (11.6m / 53.0m)
NOPAT = 43.4m (EBIT 55.6m * (1 - 21.85%))
Current Ratio = 2.71 (Total Current Assets 32.6m / Total Current Liabilities 12.0m)
Debt / Equity = -1.72 (negative equity) (Debt 64.4m / totalStockholderEquity, last quarter -37.4m)
Debt / EBITDA = 0.69 (Net Debt 39.3m / EBITDA 56.6m)
Debt / FCF = 0.88 (Net Debt 39.3m / FCF TTM 44.7m)
Total Stockholder Equity = -43.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 83.83% (Net Income 41.4m / Total Assets 45.0m)
RoE = -94.69% (negative equity) (Net Income TTM 41.4m / Total Stockholder Equity -43.7m)
RoCE = 341.9% (EBIT 55.6m / Capital Employed (Equity -43.7m + L.T.Debt 60.0m))
RoIC = 140.3% (NOPAT 43.4m / Invested Capital 30.9m)
WACC = 6.95% (E(980.1m)/V(1.04b) * Re(7.21%) + D(64.4m)/V(1.04b) * Rd(3.81%) * (1-Tc(0.22)))
Discount Rate = 7.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.45 | Cagr: 0.34%
[DCF] Terminal Value 75.63% ; FCFF base≈44.4m ; Y1≈45.1m ; Y5≈48.9m
[DCF] Fair Price = 202.3 (EV 759.4m - Net Debt 39.3m = Equity 720.1m / Shares 3.56m; r=8.35% [WACC [floored]]; 5y FCF grow 1.43% → 2.50% )
EPS Correlation: 57.61 | EPS CAGR: 0.82% | SUE: -0.18 | # QB: 0
Revenue Correlation: 78.42 | Revenue CAGR: 2.90% | SUE: 4.0 | # QB: 1
EPS current Quarter (2027-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=11.11 | Chg30d=-2.29% | Revisions=-25% | GrowthEPS=-1.7% | GrowthRev=+12.6%
EPS next Year (2027-12-31): EPS=11.13 | Chg30d=-10.89% | Revisions=-25% | GrowthEPS=+0.2% | GrowthRev=+44.8%