Value Ignored: Crimson Wine Group

| About: Crimson Wine (CWGL)

Crimson Wine Group, Ltd. (OTCQB:CWGL) "together with its subsidiaries produces & markets wines. It has vineyards in the Napa Valley, Edna Valley in California, Sonoma County, the Willamette Valley in Oregon & Horse Heaven Hills in Washington." - Morningstar

Crimson is a stock (after additional research) to accumulate patiently and wait.

Relatively small insider buying for the week ending 04/22/15. Strong value institutional ownership from Michael Price, Tenton Mighty Mites, Gamco, Perritt. Price reported adding shares at higher market price for the quarter ending 12/31/15.

Positives: Diverse group of successful micro-cap value institutions purchasing shares greater than current market price. Positive insider buying during 2016 and 2015. High Piotroski F Score of 7.

Revenue per share growth: 5 year annual per share revenue growth rate 18.80%, one year 4.90%.

Per share value improvements for metrics in table below, EBIT, BV, EBITDA.

Gross margins outperforming its relative and historical returns, 2010 = 38.48%, 2012 = 49.39%, TTM = 53.25%.

Stable share count 2011 24.46M shares outstanding TTM = 24.23M

Financially sound based on Z score, Sloan and Bennish ratio.

Insider ownership is 31.20%

Market Price = $8.55

Market Cap: $208.38M, Enterprise Value: $182.02M

Price/Sales (ttm): 3.45, Price/Book (mrq): 1.01

Enterprise Value/Revenue (ttm): 3.02, Enterprise Value/EBITDA (ttm): 11.87

Profit Margin (ttm): 6.91%, Operating Margin (ttm): 13.22%

Revenue (ttm): 60.23M

Gross Profit (ttm): 32.53M, EBITDA (ttm): 15.34M

Total Cash (mrq): 27.64M, Total Cash Per Share (mrq): 1.13

Total Debt (mrq): 0.00

Current Ratio (mrq): 6.60, Book Value Per Share (mrq): 8.43

Operating Cash Flow (ttm): 7.74M

52-Week Change3: -7.03%

52-Week High (May 8, 2015): 9.80, 52-Week Low (Feb 17, 2016): 7.58

Shares Outstanding: 24.23M, Float: 19.69M

% Held by Insiders: 31.12%, % Held by Institutions: 20.20%

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

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Tagged: , , , Beverages - Wineries & Distillers
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