Treasury Wine Estates Limited

OTCPK:TSRY.F Stock Report

Market Cap: US$5.8b

Treasury Wine Estates Valuation

Is TSRY.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TSRY.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TSRY.F ($7.1) is trading below our estimate of fair value ($14.72)

Significantly Below Fair Value: TSRY.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TSRY.F?

Key metric: As TSRY.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TSRY.F. This is calculated by dividing TSRY.F's market cap by their current earnings.
What is TSRY.F's PE Ratio?
PE Ratio94.7x
EarningsAU$98.90m
Market CapAU$9.36b

Price to Earnings Ratio vs Peers

How does TSRY.F's PE Ratio compare to its peers?

The above table shows the PE ratio for TSRY.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average56.5x
BF.B Brown-Forman
18.3x3.7%US$18.2b
STZ Constellation Brands
69.8x34.2%US$40.4b
MGPI MGP Ingredients
8.1x-4.9%US$866.9m
CWGL Crimson Wine Group
129.8xn/aUS$131.2m
TSRY.F Treasury Wine Estates
94.7x26.8%US$9.4b

Price-To-Earnings vs Peers: TSRY.F is expensive based on its Price-To-Earnings Ratio (94.7x) compared to the peer average (56.5x).

Price to Earnings Ratio vs Industry

How does TSRY.F's PE Ratio compare vs other companies in the US Beverage Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASII Accredited Solutions
0.4xn/aUS$1.06m
VWES.Q Vintage Wine Estates
n/an/aUS$59.00
No more companies available in this PE range
TSRY.F 94.7xIndustry Avg. 17.9xNo. of Companies3PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TSRY.F is expensive based on its Price-To-Earnings Ratio (94.7x) compared to the Global Beverage industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is TSRY.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TSRY.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio94.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TSRY.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TSRY.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.10
US$8.85
+24.6%
9.0%US$10.30US$7.18n/a14
Dec ’25n/a
US$9.15
0%
9.0%US$10.65US$7.42n/a14
Nov ’25US$7.60
US$9.32
+22.6%
10.0%US$10.99US$7.66n/a15
Oct ’25US$7.95
US$9.35
+17.6%
10.0%US$11.01US$7.68n/a15
Sep ’25US$7.62
US$9.45
+24.0%
10.0%US$11.13US$7.76n/a15
Aug ’25US$8.05
US$9.23
+14.6%
9.7%US$10.48US$7.54n/a15
Jul ’25n/a
US$9.35
0%
9.9%US$10.63US$7.64n/a15
Jun ’25US$7.10
US$9.26
+30.4%
11.4%US$11.05US$7.37n/a15
May ’25n/a
US$8.95
0%
12.4%US$11.03US$7.13n/a15
Apr ’25US$7.82
US$8.68
+11.0%
13.3%US$11.03US$6.49n/a15
Mar ’25US$7.80
US$8.58
+10.0%
10.1%US$9.96US$6.53n/a14
Feb ’25US$6.63
US$8.54
+28.9%
10.6%US$9.68US$6.23n/a14
Jan ’25US$7.30
US$8.80
+20.5%
11.5%US$10.39US$6.39n/a13
Dec ’24US$6.93
US$8.47
+22.3%
11.8%US$10.22US$6.19n/a14
Nov ’24n/a
US$8.33
0%
11.6%US$10.13US$6.07US$7.6014
Oct ’24n/a
US$8.35
0%
12.1%US$10.09US$6.40US$7.9515
Sep ’24US$7.38
US$8.35
+13.1%
12.1%US$10.09US$6.40US$7.6215
Aug ’24US$7.43
US$8.71
+17.2%
12.7%US$10.61US$6.65US$8.0516
Jul ’24US$7.48
US$8.70
+16.3%
11.4%US$10.40US$6.52n/a16
Jun ’24US$7.74
US$8.70
+12.3%
11.4%US$10.40US$6.52US$7.1016
May ’24n/a
US$9.63
0%
12.3%US$11.64US$6.73n/a15
Apr ’24US$8.63
US$9.41
+9.1%
10.4%US$10.31US$6.70US$7.8215
Mar ’24US$9.40
US$9.60
+2.1%
10.7%US$10.60US$6.88US$7.8016
Feb ’24n/a
US$9.92
0%
11.5%US$11.29US$7.06US$6.6316
Jan ’24US$9.13
US$9.28
+1.7%
10.7%US$10.70US$7.02US$7.3016
Dec ’23US$9.15
US$9.17
+0.2%
10.7%US$10.63US$6.98US$6.9317

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/29 08:05
End of Day Share Price 2024/12/23 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Treasury Wine Estates Limited is covered by 26 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Thomas KierathBarrenjoey Markets Pty Limited
David ErringtonBofA Global Research