Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, and the Americas. More Details
Excellent balance sheet second-rate dividend payer.
Share Price & News
How has Treasury Wine Estates's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TWE's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TWE underperformed the Australian Beverage industry which returned -22.7% over the past year.
Return vs Market: TWE underperformed the Australian Market which returned -8.9% over the past year.
Price Volatility Vs. Market
How volatile is Treasury Wine Estates's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StWhat Is The Ownership Structure Like For Treasury Wine Estates Limited (ASX:TWE)?
3 months ago | Simply Wall StTreasury Wine Estates Limited (ASX:TWE) Shares Could Be 47% Below Their Intrinsic Value Estimate
4 months ago | Simply Wall StIs Treasury Wine Estates Limited's (ASX:TWE) 3.7% Dividend Worth Your Time?
Is Treasury Wine Estates undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TWE (A$9.07) is trading below our estimate of fair value (A$21.71)
Significantly Below Fair Value: TWE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TWE is poor value based on its PE Ratio (25x) compared to the XO Beverage industry average (24.2x).
PE vs Market: TWE is poor value based on its PE Ratio (25x) compared to the Australian market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: TWE is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: TWE's PB Ratio (1.8x) is in line with the AU Beverage industry average.
How is Treasury Wine Estates forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TWE's forecast earnings growth (17.6% per year) is above the savings rate (2.3%).
Earnings vs Market: TWE's earnings (17.6% per year) are forecast to grow slower than the Australian market (17.7% per year).
High Growth Earnings: TWE's earnings are forecast to grow, but not significantly.
Revenue vs Market: TWE's revenue (6.6% per year) is forecast to grow faster than the Australian market (4.6% per year).
High Growth Revenue: TWE's revenue (6.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TWE's Return on Equity is forecast to be low in 3 years time (12.2%).
How has Treasury Wine Estates performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TWE has high quality earnings.
Growing Profit Margin: TWE's current net profit margins (9.7%) are lower than last year (14.2%).
Past Earnings Growth Analysis
Earnings Trend: TWE's earnings have grown significantly by 22.5% per year over the past 5 years.
Accelerating Growth: TWE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TWE had negative earnings growth (-36.2%) over the past year, making it difficult to compare to the Beverage industry average (34.9%).
Return on Equity
High ROE: TWE's Return on Equity (7.2%) is considered low.
How is Treasury Wine Estates's financial position?
Financial Position Analysis
Short Term Liabilities: TWE's short term assets (A$2.1B) exceed its short term liabilities (A$983.0M).
Long Term Liabilities: TWE's short term assets (A$2.1B) exceed its long term liabilities (A$2.1B).
Debt to Equity History and Analysis
Debt Level: TWE's debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: TWE's debt to equity ratio has increased from 11.3% to 33.9% over the past 5 years.
Debt Coverage: TWE's debt is well covered by operating cash flow (31.7%).
Interest Coverage: TWE's interest payments on its debt are well covered by EBIT (6x coverage).
What is Treasury Wine Estates's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TWE's dividend (3.09%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).
High Dividend: TWE's dividend (3.09%) is low compared to the top 25% of dividend payers in the Australian market (5.49%).
Stability and Growth of Payments
Stable Dividend: TWE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TWE's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.3%), TWE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TWE's dividends in 3 years are forecast to be covered by earnings (64.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Timothy Ford, also known as Tim, BBus, MBA, has been Chief Executive Officer, Managing Director and Director at Treasury Wine Estates Limited since July 1, 2020. Mr. Ford was Chief Operating Officer of ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD1.12M) is below average for companies of similar size in the Australian market ($USD2.02M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO, MD & Director||0.25yr||AU$1.57m||0.0099% |
|Chief Financial Officer||2.42yrs||AU$1.35m||0.0026% |
|Chief Corporate Services Officer||no data||no data||no data|
|Chief Marketing Officer||1.75yrs||no data||no data|
|Chief Strategy & Corporate Development Officer||0.33yr||no data||no data|
|Managing Director of Asia||3.58yrs||no data||no data|
|Managing Director of Australia & New Zealand||2.75yrs||no data||no data|
|Chief People Officer||0.75yr||no data||no data|
|Managing Director of EMEA||no data||no data||no data|
|Global Marketing Director of Penfolds||no data||no data||no data|
|President of Operations in the Americas||0.75yr||no data||no data|
|General Manager of Global Business Services||2.75yrs||no data||no data|
Experienced Management: TWE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|CEO, MD & Director||0.25yr||AU$1.57m||0.0099% |
|Non-Executive Director||9.42yrs||AU$245.86k||0.014% |
|Independent Chairman||8.08yrs||AU$546.09k||0.041% |
|Independent Non-Executive Director||3.92yrs||AU$217.60k||0.0016% |
|Independent Non-Executive Director||8.08yrs||AU$265.11k||0.012% |
|Independent Non-Executive Director||1.83yrs||AU$197.00k||no data|
|Independent Non-Executive Director||0.50yr||AU$54.75k||0.00069% |
|Independent Non-Executive Director||2.5yrs||AU$218.65k||0.00047% |
|Independent Non-Executive Director||8.08yrs||AU$219.00k||0.0067% |
Experienced Board: TWE's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Treasury Wine Estates Limited's company bio, employee growth, exchange listings and data sources
- Name: Treasury Wine Estates Limited
- Ticker: TWE
- Exchange: ASX
- Founded: 1843
- Industry: Distillers and Vintners
- Sector: Food, Beverage & Tobacco
- Market Cap: AU$6.478b
- Shares outstanding: 721.34m
- Website: https://www.tweglobal.com
Number of Employees
- Treasury Wine Estates Limited
- 161 Collins Street
- Level 8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TWE||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||May 2011|
|TSRY.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2011|
|T7W||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2011|
|TWE||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||May 2011|
|TSRY.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||May 2011|
Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, and the Americas. It engages in the viticulture and winemaking; and marketing, sale, and distribu ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/28 10:35|
|End of Day Share Price||2020/10/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.