CDGP

Chapel Down Group PLC

Food, Beverage and Tobacco First-pass screen £57m

360/1000 Overall fit

AI beneficiary 35% 20

Operating leverage 25% 60

Valuation 25% 30

Downside protection 15% 45

First-pass take

Chapel Down is England's largest winemaker with 19% revenue growth and 36% UK off-trade market share, but has zero AI exposure and limited operating leverage outside product mix improvement. Net debt of £12.4m and dependence on discretionary consumer spending provide weak downside protection.

Flags

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