TREASURY WINE ESTATES LIMITED (TWE)
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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

$12.43

20 Jun
2024

0.020

OPEN

$12.18

0.16%

HIGH

$12.44

5,337,273

LOW

$12.17

TARGET
$13.613

+0.08 change from previous day

9.5% upside
Franking for last dividend paid out: 70%
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 34.9 53.3 xxx
DPS (cps) xxx 34.6 35.5 xxx
EPS Growth xxx - 3.3% 52.6% xxx
DPS Growth xxx 12.9% 2.4% xxx
PE Ratio xxx N/A 23.7 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 99.3% 66.6% xxx

Dividend yield today if purchased 3 years ago: 2.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.74

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: 06/03 - ex-div 17c (franking 70%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx34.9
DPS All xxxxxxxxxxxxxxx34.6
Sales/Revenue xxxxxxxxxxxxxxx2,488.3 M
Book Value Per Share xxxxxxxxxxxxxxx529.5
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 xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

21/06/2024

1

Overweight

$14.60

17.46%

Treasury Wine Estates provided an update on China with Morgan Stanley pointing to early signs of strong consumer demand following the company's re-entry into the market.

The company is expecting it to drive low double-digit earnings growth in FY25 and management reiterated its long-term earnings before interest and tax margin target of 45% for Penfolds from FY26/FY27, the broker notes.

Additionally, the analysts state a significant 2024 intake supports volume growth expectations for FY26 and FY27.

The analysts make minor upward adjustments to their FY25 earnings estimates. Overweight rating and the target price is raised to $14.60 from $14.50. Industry view: In-line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 34.00 cents and EPS of 53.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 43.30 cents and EPS of 65.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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TWE STOCK CHART