WinstonWınston
Back
Warpaint London logo

Warpaint London

W7L.L
62
Household & Personal Products · Consumer Defensive
Price
214.00 GBp
-1.00 (-0.47%)
Market Cap
£172.9M
Exchange
London Stock Exchange
Winston Score
62
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Good
Growth
Mixed
Cash Flow
Strong
Stability
Good
Valuation
Strong
Dividends
Exceptional

Share count rising — dilution

+5.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 76.8M (2021) → 81.0M (2025)

Winston Score History

The full picture

Warpaint London is a UK-based cosmetics company that makes and sells affordable makeup products. Its main brand is W7, which sells lipsticks, eyeshadows, foundations, and other color cosmetics targeted at budget-conscious shoppers. The company also owns the Technic brand and supplies own-label cosmetics to retailers, competing in the value end of the beauty market.

Warpaint sells its products through major retailers, drugstores, and online channels across the UK, Europe, and increasingly the United States. The company generates revenue by selling finished cosmetics products directly to retailers, keeping costs low by sourcing manufacturing from Asia. Its competitive edge comes from offering trend-led products at low price points, which holds up reasonably well during economic downturns when shoppers trade down from premium brands. The key growth driver is expanding its US retail presence, but the main risk is margin pressure from rising input costs and intense competition from both budget rivals and private-label retailer brands.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-15.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

£0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Insider Activity

42.8%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£16M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Warpaint London is growing revenue at 0% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
38.4%
Modest — 38.4% gross margin
Profit after running costs
Operating Margin
17.9%
Healthy — 17.9% operating margin
Return on the money invested
ROCE
23.1%
Exceptional — 23.1% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+3.4%
Slow sales growth (+3.4% YoY)
Profit growth
EPS YoY
-23.0%
Earnings shrinking (-23.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
101%
Turns 101% of profit into real cash
Spare cash per sale
FCF Margin
11.7%
Modest free cash flow (11.7%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
29.71x
Comfortably covers interest (29.7x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
12.1x
Attractive valuation — P/E 12.1

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.2
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
6.34%
Healthy income — 6.34% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+49.1%
Dividend growing fast (49.1% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial