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

Enter the company code or Name for stock analysis:

TWE

TWE - TREASURY WINE ESTATES LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 3.3
Index: 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

$6.05

16 Oct
2026

0.110

OPEN

$5.98

1.85%

HIGH

$6.10

6,206,234

LOW

$5.97

TARGET
$6.292 4.0% upside
Franking for last dividend paid out: 70%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . CKF . COL . DMP . EDV . GYG . ING . LRK . MBH . MTS . RFG . SGLLV . SPG . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
TWE: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 133.4 34.8 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 17.0 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 27/08 - ex-div 20.00c (franking 70%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-133.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx2,626.0 M
Book Value Per Share xxxxxxxxxxxxxxx412.9
Net Operating Cash Flow xxxxxxxxxxxxxxx190.4 M
Net Profit Margin xxxxxxxxxxxxxxx-41.04 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-26.55 %
Return on Invested Capital xxxxxxxxxxxxxxx-18.02 %
Return on Assets xxxxxxxxxxxxxxx-14.42 %
Return on Equity xxxxxxxxxxxxxxx-26.55 %
Return on Total Capital xxxxxxxxxxxxxxx7.12 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-82.6 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx214 M
Long Term Debt xxxxxxxxxxxxxxx1,783 M
Total Debt xxxxxxxxxxxxxxx1,997 M
Goodwill - Gross xxxxxxxxxxxxxxx1,536 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx222 M
Price To Book Value xxxxxxxxxxxxxxx1.15

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx113.3 M
Capex % of Sales xxxxxxxxxxxxxxx4.31 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,585 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx602 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx26 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

0.3

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

17/08/2026

3

Hold

$6.00

-0.83%

Treasury Wine Estates' FY26 result reflected the tough choices it has made, Ord Minnett notes, to reset the business amid challenging market conditions, including write offs, targeting cost savings, cutting dividends, and reducing inventory.

FY26 profit was down -41.5% year on year but above consensus. Earnings before material items, and self-generating and re-generating assets were down -36.1% but above the guidance range and consensus.

The earnings declines were led by the Americas division, which reported a -61.4% decrease as the business experienced softer US wine market conditions, low customer inventory depletion rates, and disruptions caused by a Californian distribution transition.

There is still plenty of work to be done, Ord Minnett suggests, especially in the Americas, where earnings in FY27 remain only a fraction (circa 15%) of where they were a few years ago.

However, the inventory rebalancing is progressing well and if it continues to plan, could position the company for a stronger FY28. Target rises to $6.00 from $4.50, Hold retained.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of 35.30 cents.
Ord Minnett forecasts a full year FY28 dividend of 29.00 cents and EPS of 42.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

19/10/2026

3

Neutral

$5.50

-9.09%

Jarden maintains a Neutral rating for Treasury Wine Estates with a $5.50 target price following an in-line AGM update featuring positive incremental news across the portfolio.

Jarden notes Penfolds China is performing ahead of expectations alongside falling leverage driven by $50m of portfolio divestments.

Australian operations are performing well led by independent retailers, while group guidance for EBITDA at least in line with FY26 was reiterated.

Leverage is expected to fall to a target range of 2x by FY28, down from current levels of 2.7x.

The analyst leaves forecasts unchanged, highlighting potential modest upside risk for flat FY27 EBITDA expectations led by improving pricing and expanding distribution points in China.

FORECAST
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 31.90 cents.
Jarden forecasts a full year FY28 dividend of 0.00 cents and EPS of 38.80 cents.
Access Extra Coverage Research History >

TWE STOCK CHART

FNArena News on TWE

1
Australian Broker Call *Extra* Edition – Oct 19, 2026

Oct 19 2026 - Daily Market Reports
2
Next Week At A Glance – 19 – 23 Oct 2026

Oct 16 2026 - Weekly Reports
3
Rudi’s View: Stocks To Own & Best To Avoid

Oct 15 2026 - Rudi's View
4
Next Week At A Glance – 28 Sept – 2 Oct 2026

Sep 25 2026 - Weekly Reports
5
Rudi’s View: Ampol, BlueScope, Evolution, Infratil, Ramelius & More

Sep 24 2026 - Rudi's View

Latest Food, Beverages & Tobacco News

1
Guzman y Gomez Defies Sector Pressures

Oct 15 2026 - Small Caps
2
Collins Foods Finds Firmer Footing In Europe

Sep 03 2026 - Australia
3
Treasure Chest: Orora

Aug 12 2026 - Treasure Chest
4
Rudi’s View: Pre-August Picks In Resources, Retail & Small Caps

Jul 23 2026 - Rudi's View
5
Supermarkets Behemoths Remain In Focus

Jul 15 2026 - Australia
6
Margin Pressure Dims Collins Foods’ Outlook

Jul 01 2026 - Small Caps
7
Metcash Negotiating A Tougher FY27 Outlook

Jun 24 2026 - Australia
8
Treasure Chest: Quick Service Restaurants

Jun 24 2026 - Treasure Chest
9
Treasury Wine Heads Back To The Future

Jun 10 2026 - Small Caps
10
Guzman y Gomez Retreats From American Dream

May 27 2026 - Small Caps