Top Page
Treasury Wine Estates Limited
(Sydney:TWE)
Treasury Wine Estates Limited (TWE) vs. iShares MSCI Australia ETF (EWA)
Treasury Wine Estates Limited Business Overview & Revenue Model
Treasury Wine Estates Limited Earnings Call Summary
Treasury Wine Estates Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.73B | 2.94B | 2.81B | 2.49B | 2.53B | 2.68B |
| Gross Profit | 1.25B | 1.37B | 1.23B | 1.07B | 1.03B | 1.16B |
| EBITDA | 857.50M | 1.03B | 528.90M | 636.70M | 644.40M | 615.30M |
| Net Income | -433.40M | 436.90M | 98.90M | 254.50M | 263.20M | 250.00M |
Balance Sheet | ||||||
| Total Assets | 6.87B | 8.31B | 8.11B | 7.09B | 6.66B | 6.28B |
| Cash, Cash Equivalents and Short-Term Investments | 216.10M | 427.70M | 458.10M | 565.80M | 430.50M | 448.10M |
| Total Debt | 2.49B | 2.20B | 2.16B | 1.94B | 1.74B | 1.53B |
| Total Liabilities | 3.00B | 3.51B | 3.50B | 3.21B | 2.87B | 2.69B |
| Stockholders Equity | 3.85B | 4.78B | 4.59B | 3.86B | 3.78B | 3.59B |
Cash Flow | ||||||
| Free Cash Flow | 249.30M | 388.60M | 241.60M | 23.00M | 449.80M | 350.50M |
| Operating Cash Flow | 382.30M | 525.70M | 431.70M | 272.00M | 562.00M | 471.70M |
| Investing Cash Flow | -131.20M | -149.00M | -1.32B | -111.40M | -408.60M | -59.40M |
| Financing Cash Flow | -497.70M | -408.50M | 783.00M | -27.20M | -184.80M | -403.60M |
Treasury Wine Estates Limited Technical Analysis
Treasury Wine Estates Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $3.63B | -8.66 | 9.13% | 7.42% | 6.47% | 281.30% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | AU$6.91B | 16.18 | 11.20% | 5.12% | -2.04% | -16.79% | |
54 Neutral | AU$76.48M | -8.15 | -10.39% | ― | 2.62% | -85.79% | |
45 Neutral | AU$27.67M | -0.92 | -4.54% | ― | -1.31% | 92.08% | |
44 Neutral | AU$21.53M | -6.11 | -77.92% | ― | 17.41% | 67.94% |
Treasury Wine Estates Limited Corporate Events
Treasury Wine Estates’ U.S. arm has settled a dispute with distributor Republic National Distributing Company following RNDC’s exit from the California market in September 2025. Under the agreement, TWE will repurchase RNDC’s California inventory at original sale value, offset by a confidential compensation payment, resulting in an expected net cash outflow of about US$65m in the second half of FY26.
Despite the disruption in California, TWE will maintain its partnership with RNDC in other U.S. states, where Treasury Americas depletions grew 2.7% in the first half, and the planned reduction of distributor inventory outside California over roughly two years remains unchanged. The company has also guided that first-half FY26 EBITS should be about $236m, slightly above its prior range, signaling resilient earnings momentum amid the transition in its U.S. distribution footprint.
The most recent analyst rating on (AU:TWE) stock is a Sell with a A$4.80 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
JPMorgan Chase & Co. and its affiliates have notified Treasury Wine Estates Limited that they have ceased to be a substantial holder in the company as of 5 February 2026. The change reflects reductions and reclassifications of their holdings and securities lending positions across several JPMorgan entities, signaling a step-down in JPMorgan’s influence over the company’s voting power and potentially altering the makeup of Treasury Wine Estates’ institutional investor base.
The most recent analyst rating on (AU:TWE) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Macquarie Group Limited and its controlled entities have lodged a notice that they have ceased to be a substantial holder in Treasury Wine Estates, signaling a reduction in their voting interest below the regulatory disclosure threshold. The change in holding, formalised on 9 February 2026, may alter the company’s institutional shareholder mix but does not directly affect day-to-day operations, while potentially indicating a shift in Macquarie’s investment allocation within the Australian equity market.
The filing outlines changes in relevant interests and associations among various Macquarie entities, confirming that they no longer collectively hold a sizeable stake requiring substantial holder disclosure. For Treasury Wine Estates and its investors, the move removes a prominent financial institution from the substantial register, which could influence perceptions of market support and liquidity for the stock, depending on how the divested shares have been absorbed by other investors.
The most recent analyst rating on (AU:TWE) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
JPMorgan Chase & Co. and its affiliates have notified Treasury Wine Estates that they have ceased to be a substantial shareholder in the company as of 30 January 2026. The change reflects a reduction in JPMorgan’s relevant interest through a combination of securities lending, proprietary trading and prime brokerage-related transactions across several group entities, which collectively brought their holding below the substantial shareholder threshold, potentially altering the company’s institutional investor mix and signalling a shift in one major global financial institution’s exposure to the stock.
The most recent analyst rating on (AU:TWE) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
JPMorgan Chase & Co. and its affiliates have notified Treasury Wine Estates that they have ceased to be a substantial holder in the company as of 21 January 2026. The change reflects a series of transactions and securities lending, investment management and proprietary trading activities across various JPMorgan entities, resulting in their aggregate voting interest in Treasury Wine Estates falling below the substantial holding threshold, which may slightly alter the company’s institutional investor base but does not directly affect its underlying operations.
The most recent analyst rating on (AU:TWE) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Treasury Wine Estates Limited has announced the cessation of 3,487 deferred share rights (security code TWEAB) after the conditional rights lapsed because their performance or vesting conditions were not satisfied or became incapable of being satisfied as of 4 November 2025. The cancellation of these equity-linked instruments marginally reduces the company’s potential future share issuance under its incentive arrangements, signaling a minor adjustment to its capital structure and executive or employee equity plans, but with no indication of material operational or strategic impact on the broader business.
The most recent analyst rating on (AU:TWE) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Treasury Wine Estates Limited has notified the market that 2,708 performance rights, trading under the ASX code TWEAA, have lapsed after the conditions attached to those rights were not satisfied or became incapable of being satisfied as of 4 November 2025. The cessation of these securities slightly reduces the pool of potential equity issuance under the company’s performance rights arrangements, signalling that certain performance or service hurdles linked to executive or employee incentives were not met, but does not otherwise alter the company’s existing issued share capital structure in a material way.
The most recent analyst rating on (AU:TWE) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Treasury Wine Estates has notified the market of the issue of 1,361 ordinary fully paid shares arising from the exercise or conversion of previously unquoted equity securities. The small-scale issuance, recorded under an ASX Appendix 3G filing, reflects routine capital management activity and a minor increase in the company’s listed share capital, with limited immediate impact expected on existing shareholders or the broader market.
The most recent analyst rating on (AU:TWE) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Treasury Wine Estates Limited has announced the completion of an on-market buy-back of its ordinary fully paid securities, totaling 3,989,185 shares at a consideration of AUD 30,461,681.72. This buy-back reflects the company’s strategic financial management efforts, potentially enhancing shareholder value and optimizing its capital structure.
The most recent analyst rating on (AU:TWE) stock is a Sell with a A$5.11 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Treasury Wine Estates Limited has released presentation materials for an investor and analyst webcast and conference call, scheduled for December 17, 2025. This update, authorized by the Board, aims to provide insights into the company’s performance and outlook for the first half of 2026, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:TWE) stock is a Sell with a A$5.11 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Treasury Wine Estates Limited has announced strategic actions in response to weakened market dynamics in the US and China, which have led to above-optimal inventory levels and disrupted pricing for its Penfolds brand. The company plans to reduce inventory holdings and restrict shipments contributing to parallel imports in China. Additionally, the company is launching a transformation program, TWE Ascent, targeting significant cost improvements to ensure long-term growth. Despite current challenges, TWE remains confident in its ability to achieve sustainable, profitable growth.
The most recent analyst rating on (AU:TWE) stock is a Sell with a A$5.11 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Treasury Wine Estates Limited has requested a trading halt on its securities pending an important announcement. This halt will remain until either the announcement is made or normal trading resumes on December 17, 2025. The company plans to hold an investor and analyst call to discuss its outlook, indicating potential significant developments that could impact its market positioning and stakeholder interests.
The most recent analyst rating on (AU:TWE) stock is a Sell with a A$5.11 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Treasury Wine Estates Limited has announced an investor and analyst conference call scheduled for 17 December 2025, which will provide updates on its performance in major markets, including China and the US. This call will also feature initial insights from the new CEO, Sam Fischer, potentially impacting the company’s strategic direction and stakeholder interests.
The most recent analyst rating on (AU:TWE) stock is a Sell with a A$5.11 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
Treasury Wine Estates Limited announced the release of 6,575,020 shares from voluntary escrow, which were issued as part of the acquisition of DAOU Vineyards, LLC. This marks the completion of the share release process under the acquisition terms, potentially impacting the company’s stock liquidity and market dynamics.
The most recent analyst rating on (AU:TWE) stock is a Sell with a A$5.11 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.