Company valuation ยท Consumer Cyclical
WINA: Buy with a $423.91 price target
Winmark Corporation. Borrowing is lower relative to earnings, but year-to-date profit is lower.
- Model target ยท USD
- $423.91 For 2027-09-17
- Model rating
- Buy Reviewed 2026-09-17
- Reference weekly close
- $308.47 2026-09-11 ยท USD

Investment view
Borrowing is lower relative to earnings, but year-to-date profit is lower.
Target and reference price
Target for 2027-09-17: $423.91 USD, +37.4% versus the $308.47 weekly close on 2026-09-11. Price return only; dividends, fees and tax excluded.
Price and earnings
Over 1 year (2025-09-12 to 2026-09-11), price changed -36.9% and trailing EPS changed -1.9%. A wider gap changes the earnings multiple; it does not establish fair value.
Supporting evidence
Net debt / EBITDA: 0.7ร for WINA, against 3.2ร across 12 comparable peers.
Revenue changed +7.6% from the same quarter last year, through 2026-06-30. The previous quarterโs year-on-year change was -4.9%.
Risks to the case
Across 2 completed quarters since 2025-12-31, net income was 19.6m versus 20.6m in the matching prior-year periods (USD). Check whether the latest quarter changes that direction.
Inventory changed +81.4%, against sales of +7.6%, from the same quarter last year. This can tie up cash. Acquisitions, payment timing and seasonality also need checking.
What to monitor
The latest quarterly margin changed -1.9 percentage points from a year earlier. Check sales volumes, pricing and unusual gains in the next filing.
Recheck the valuation gap alongside profitability and growth after new results. A discount alone does not establish value.
Compare the stock and the market fund over the same dates. Look for a change in relative performance as results arrive.
Valuation assumptions
Starting annual sales growth: 6.4%.
Net profit margin: 47.76%.
About this assessment
Review recorded on 2026-09-17. This is a dated summary of an automated company valuation. The full report includes the financial evidence, alternative scenarios and review history. Consult the latest report before using an earlier target. Automated model research, not personal investment advice. Targets depend on assumptions; returns are not guaranteed.