Crimson Wine Group, Ltd. (CWGL) intrinsic value & 10-year financials
Crimson Wine Group, Ltd. (CWGL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 0.1% a year to $65.1M, with an average return on invested capital of 0.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $4.23
- Market cap
- $87.1M
- Revenue (FY2025)
- $65.1M
- Revenue growth (10-yr CAGR)
- 0.1%
- ROIC (10-yr avg)
- 0.1%
- Free cash flow (FY2025)
- -$2.5M
CWGL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $65.1M | $613.0K | $0.03 | -$2.5M | -5.7% | -1.4% |
| FY2024 | $73.0M | $851.0K | $0.04 | -$2.7M | 0.1% | 0.0% |
| FY2023 | $72.4M | $3.1M | $0.15 | -$3.1M | 2.7% | 0.8% |
| FY2022 | $74.2M | $1.1M | $0.05 | -$80.0K | 2.7% | 0.8% |
| FY2021 | $68.9M | $3.2M | $0.14 | $14.3M | 0.4% | 0.1% |
| FY2020 | $64.1M | -$6.4M | -$0.28 | $10.5M | -13.8% | -3.0% |
| FY2019 | $67.1M | -$4.9M | — | -$1.7M | -9.0% | -2.0% |
| FY2018 | $67.8M | $2.0M | — | $2.6M | 4.6% | 1.0% |
| FY2017 | $63.2M | $6.2M | — | -$7.6M | 8.9% | 2.5% |
| FY2016 | $64.6M | $3.3M | — | -$4.8M | 9.7% | 1.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Crimson Wine Group, Ltd has demonstrated mature, steady growth, with revenue compounding at 0.1% annually over the past decade.
Crimson Wine Group, Ltd has historically struggled to out-earn its cost of capital, averaging just 0.0% ROIC.
Crimson Wine Group, Ltd has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Crimson Wine Group, Ltd is modeled at -32.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.43 per share.