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: 2.82
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

$11.22

16 Sep
2024

0.000

OPEN

$11.22

0.000

HIGH

$11.22

0

LOW

$11.22

TARGET
$13.712 22.2% upside
Franking for last dividend paid out: 70%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . COL . DMP . E33 . EDV . GDA . GYG . ING . LRK . MBH . MTS . RFG . SGLLV . TSI . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
TWE: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 12.7 61.7 xxx
DPS (cps) xxx 36.0 41.4 xxx
EPS Growth xxx - 63.6% 100.0% xxx
DPS Growth xxx 3.9% 14.9% xxx
PE Ratio xxx N/A 18.2 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 283.5% 67.0% xxx

Dividend yield today if purchased 3 years ago: 2.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.21

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: 28/08 - ex-div 19c (franking 70%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx12.7
DPS All xxxxxxxxxxxxxxx36.0
Sales/Revenue xxxxxxxxxxxxxxx2,808.3 M
Book Value Per Share xxxxxxxxxxxxxxx566.1
Net Operating Cash Flow xxxxxxxxxxxxxxx431.7 M
Net Profit Margin xxxxxxxxxxxxxxx3.52 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx2.34 %
Return on Invested Capital xxxxxxxxxxxxxxx1.62 %
Return on Assets xxxxxxxxxxxxxxx1.30 %
Return on Equity xxxxxxxxxxxxxxx2.34 %
Return on Total Capital xxxxxxxxxxxxxxx9.68 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-5.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx84 M
Long Term Debt xxxxxxxxxxxxxxx2,075 M
Total Debt xxxxxxxxxxxxxxx2,159 M
Goodwill - Gross xxxxxxxxxxxxxxx1,517 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx458 M
Price To Book Value xxxxxxxxxxxxxxx2.20

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx190.1 M
Capex % of Sales xxxxxxxxxxxxxxx6.77 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,574 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx626 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx44 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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

16/08/2024

1

Buy

$14.50

29.23%

FY24 profit (NPAT-S) for Treasury Wine Estates came in shy of the consensus expectation as did FY25 guidance (by -1.5). A weaker performance by Treasury Premium Brands (TPB) was partly countered by strength in the Americas segment.

Management announced it will establish a Global Premium Brands (GPB) division from FY26, adding Americas Premium Brands to the existing TPB division.

The broker's target eases to $14 from $14.50 on lower forecast earnings. Buy.

FORECAST
UBS forecasts a full year FY25 dividend of 41.00 cents and EPS of 62.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

19/08/2024

1

Buy

$14.60

30.12%

Treasury Wine Estates' FY24 top line result met forecasts. Jarden observes Penfolds and Americas posted a beat thanks to strong cash flow and rising-multiple businesses.

Jarden tinkers with earnings forecasts.

The broker observes the company is becoming a more efficient higher growth and higher-return-on-investment-capital operation and maintains this is not reflected in the share price, believing the company is well positioned for a re-rate.

The broker forecasts an "undemanding" three-year EPS compound annual growth rate of 18%.

Buy rating retained. Target price falls to $14.20 from $14.60.

FORECAST
Jarden forecasts a full year FY25 dividend of 43.00 cents and EPS of 63.10 cents.
Jarden forecasts a full year FY26 dividend of 51.00 cents and EPS of 74.90 cents.
Access Extra Coverage Research History >

TWE STOCK CHART

FNArena News on TWE

1
Rudi’s View: Key Picks, Best Buys & Conviction Calls

Sep 12 2024 - Rudi's View
2
Rudi’s View: August Results Fail To Inspire

Sep 05 2024 - Rudi's View
3
Rudi’s View: August Trends Have Darkened

Aug 28 2024 - Rudi's View
4
Next Week At A Glance – 26-30 – Aug 2024

Aug 23 2024 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Aug 20, 2024

Aug 20 2024 - Daily Market Reports

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