TREASURY WINE ESTATES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.93 AUD | -1.40% |
|
+0.76% | +10.67% |
| Apr. 19 | Qantas Airways' New Chairman-Elect Assumes Role Ahead of Schedule | MT |
| Apr. 05 | China's crowded wine market offers no lifeline for struggling global industry | RE |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,711 | 7,541 | 8,426 | 8,196 | 8,106 | 9,680 | - | - |
| Enterprise Value (EV) 1 | 11,462 | 9,018 | 9,506 | 9,451 | 9,493 | 11,199 | 11,194 | 11,110 |
| P/E ratio | 25.7 x | 29 x | 33.8 x | 31.3 x | 32 x | 22.9 x | 18.7 x | 16 x |
| Yield | 2.55% | 2.67% | 2.4% | 2.73% | 3.12% | 2.97% | 3.64% | 4.15% |
| Capitalization / Revenue | 3.72 x | 2.82 x | 3.14 x | 3.24 x | 3.26 x | 3.52 x | 3.06 x | 2.86 x |
| EV / Revenue | 3.98 x | 3.37 x | 3.54 x | 3.73 x | 3.81 x | 4.07 x | 3.54 x | 3.28 x |
| EV / EBITDA | 15 x | 12.9 x | 12.7 x | 14.1 x | 13 x | 13.7 x | 11.3 x | 10.2 x |
| EV / FCF | 44.8 x | 40.6 x | 27.2 x | 21 x | 413 x | -484 x | 26.9 x | 20.6 x |
| FCF Yield | 2.23% | 2.47% | 3.68% | 4.76% | 0.24% | -0.21% | 3.72% | 4.85% |
| Price to Book | 2.89 x | 2.09 x | 2.35 x | 2.16 x | 2.1 x | 1.96 x | 1.91 x | 1.84 x |
| Nbr of stocks (in thousands) | 717,900 | 719,600 | 721,440 | 722,135 | 721,848 | 811,426 | - | - |
| Reference price 2 | 14.92 | 10.48 | 11.68 | 11.35 | 11.23 | 11.93 | 11.93 | 11.93 |
| Announcement Date | 8/14/19 | 8/12/20 | 8/18/21 | 8/17/22 | 8/14/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,883 | 2,678 | 2,684 | 2,532 | 2,488 | 2,753 | 3,163 | 3,388 |
| EBITDA 1 | 765.7 | 697.9 | 749.5 | 672.3 | 730.8 | 816.2 | 992.9 | 1,093 |
| EBIT 1 | 662.7 | 533.5 | 510.3 | 523.7 | 583.5 | 661 | 828.5 | 925.8 |
| Operating Margin | 22.99% | 19.92% | 19.01% | 20.68% | 23.45% | 24.01% | 26.19% | 27.32% |
| Earnings before Tax (EBT) 1 | 591 | 406.3 | 436.8 | 372.9 | 337 | 560.6 | 703 | 813.3 |
| Net income 1 | 419.5 | 260.8 | 250 | 263.2 | 254.5 | 398.2 | 519.2 | 604.2 |
| Net margin | 14.55% | 9.74% | 9.31% | 10.4% | 10.23% | 14.47% | 16.41% | 17.83% |
| EPS 2 | 0.5810 | 0.3620 | 0.3460 | 0.3630 | 0.3510 | 0.5201 | 0.6373 | 0.7472 |
| Free Cash Flow 1 | 255.8 | 222.3 | 349.9 | 449.8 | 23 | -23.15 | 416.2 | 539.1 |
| FCF margin | 8.87% | 8.3% | 13.04% | 17.77% | 0.92% | -0.84% | 13.16% | 15.91% |
| FCF Conversion (EBITDA) | 33.41% | 31.85% | 46.68% | 66.9% | 3.15% | - | 41.92% | 49.34% |
| FCF Conversion (Net income) | 60.98% | 85.24% | 139.96% | 170.9% | 9.04% | - | 80.17% | 89.24% |
| Dividend per Share 2 | 0.3800 | 0.2800 | 0.2800 | 0.3100 | 0.3500 | 0.3547 | 0.4338 | 0.4948 |
| Announcement Date | 8/14/19 | 8/12/20 | 8/18/21 | 8/17/22 | 8/14/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 1,536 | 1,127 | 1,410 | 1,274 | 1,299 | 1,232 | 1,308 | 1,180 | 1,313 | - | - | - |
| EBITDA | - | 253.2 | 350.9 | 398.6 | 309.6 | 362.7 | 381.4 | 349.4 | 364.7 | - | - | - |
| EBIT 1 | 366.7 | 166.8 | 284.1 | 226.2 | 262.4 | 261.3 | 307.5 | 276 | 289.8 | 353.9 | 289.8 | 485.8 |
| Operating Margin | 23.87% | 14.8% | 20.15% | 17.76% | 20.2% | 21.2% | 23.5% | 23.39% | 22.06% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 216.9 | 260.5 | 76.5 | 226.8 | - | - | - |
| Net income | - | 49.4 | 120.9 | 129.1 | 109.1 | 154.1 | 188.2 | 66.3 | 166.7 | - | - | - |
| Net margin | - | 4.38% | 8.57% | 10.13% | 8.4% | 12.5% | 14.38% | 5.62% | 12.69% | - | - | - |
| EPS | - | 0.0690 | 0.1670 | 0.1790 | 0.1510 | 0.2120 | 0.2610 | 0.0900 | 0.2240 | - | - | - |
| Dividend per Share | 0.2000 | 0.0800 | 0.1500 | 0.1300 | 0.1500 | 0.1600 | 0.1800 | 0.1700 | - | - | - | - |
| Announcement Date | 1/28/20 | 8/12/20 | 2/16/21 | 8/18/21 | 2/15/22 | 8/17/22 | 2/14/23 | 8/14/23 | 2/14/24 | - | - | - |
1AUD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 751 | 1,477 | 1,080 | 1,254 | 1,386 | 1,519 | 1,513 | 1,429 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.9801 x | 2.116 x | 1.441 x | 1.866 x | 1.897 x | 1.861 x | 1.524 x | 1.308 x |
| Free Cash Flow 1 | 256 | 222 | 350 | 450 | 23 | -23.2 | 416 | 539 |
| ROE (net income / shareholders' equity) | 11.7% | 7.19% | 6.96% | 7.14% | 9.84% | 9.3% | 10.5% | 11.7% |
| ROA (Net income/ Total Assets) | 7.33% | 3.92% | 3.87% | 4.07% | 5.47% | 5.99% | 7.1% | 7.95% |
| Assets 1 | 5,723 | 6,657 | 6,465 | 6,474 | 4,654 | 6,649 | 7,315 | 7,602 |
| Book Value Per Share 2 | 5.160 | 5.020 | 4.970 | 5.240 | 5.350 | 6.080 | 6.240 | 6.480 |
| Cash Flow per Share 2 | 0.5800 | 0.5400 | 0.6500 | 0.7800 | 0.3700 | 0.4300 | 0.6000 | 0.7900 |
| Capex 1 | 160 | 167 | 121 | 112 | 249 | 155 | 129 | 132 |
| Capex / Sales | 5.54% | 6.22% | 4.52% | 4.43% | 10.01% | 5.65% | 4.09% | 3.88% |
| Announcement Date | 8/14/19 | 8/12/20 | 8/18/21 | 8/17/22 | 8/14/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
11.93
AUD
Average target price
13.8
AUD
Spread / Average Target
+15.67%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.67% | 6.31B | |
| +0.17% | 1.8B | |
| -14.82% | 968M | |
| +19.62% | 967M | |
| -24.17% | 924M | |
| +0.41% | 768M | |
| +9.61% | 553M | |
| -17.24% | 416M | |
| +6.92% | 417M | |
| +8.78% | 316M |
- Stock Market
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- Financials Treasury Wine Estates Limited
