TREASURY WINE ESTATES LIMITED (TWE)
Share Price Analysis and Chart

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TWE - TREASURY WINE ESTATES LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 2.66
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Treasury Wine Estates is Australia's largest wine producer and distributor and one of the world's largest. Formerly operating as the wine division of international brewing company Foster's Group until May 2011, it was de-merged into a separate company. Owns iconic brands incl Penfolds, globally known for its luxurious Grange production.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.78

03 Oct
2023

-0.320

OPEN

$12.03

-2.64%

HIGH

$12.05

3,582,101

LOW

$11.78

TARGET
$12.792 8.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . COL . DMP . E33 . EDV . GDA . ING . LRK . MBH . MCL . MMM . MTS . RFG . SGLLV . TSI . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
TWE: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 35.3 53.9 xxx
DPS (cps) xxx 35.0 36.3 xxx
EPS Growth xxx - 3.3% 52.8% xxx
DPS Growth xxx 12.9% 3.6% xxx
PE Ratio xxx N/A 21.9 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 99.3% 67.3% xxx

Dividend yield today if purchased 3 years ago: 3.88%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.97

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 31/08 - ex-div 17c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx35.3
DPS All xxxxxxxxxxxxxxx35.0
Sales/Revenue xxxxxxxxxxxxxxx2,488.3 M
Book Value Per Share xxxxxxxxxxxxxxx535.0
Net Operating Cash Flow xxxxxxxxxxxxxxx272.0 M
Net Profit Margin xxxxxxxxxxxxxxx10.23 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx6.66 %
Return on Invested Capital xxxxxxxxxxxxxxx4.69 %
Return on Assets xxxxxxxxxxxxxxx3.70 %
Return on Equity xxxxxxxxxxxxxxx6.66 %
Return on Total Capital xxxxxxxxxxxxxxx10.26 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-217.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx251 M
Long Term Debt xxxxxxxxxxxxxxx1,687 M
Total Debt xxxxxxxxxxxxxxx1,938 M
Goodwill - Gross xxxxxxxxxxxxxxx990 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx566 M
Price To Book Value xxxxxxxxxxxxxxx2.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx249.0 M
Capex % of Sales xxxxxxxxxxxxxxx10.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,414 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx493 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

16/08/2023

1

Upgrade to Add from Hold

$13.00

10.36%

Morgans upgrades its rating for Treasury Wine Estates to Add from Hold in the wake of FY23 results on an undemanding valuation compared to other luxury brand owners.

The broker expects earnings will accelerate from the 2H of FY24 as Penfolds is outperforming expectations. It's also felt there is a clear strategy to improve performance at Treasury Americas and Treasury Premium Brands, where growth slowed materially in the 2H of FY23.

Management is targeting high single digit earnings (EBITS) growth in FY24.

The target rises to $13.00 from $12.80. Add.

FORECAST
Morgans forecasts a full year FY24 dividend of 37.20 cents and EPS of 54.60 cents.
Morgans forecasts a full year FY25 dividend of 42.90 cents and EPS of 63.10 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

TWE STOCK CHART

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