Treasury Wine Estates Ltd (TWE) - Net Assets

Latest as of December 2025: AU$3.87 Billion AUD ≈ $2.74 Billion USD

Based on the latest financial reports, Treasury Wine Estates Ltd (TWE) has net assets worth AU$3.87 Billion AUD (≈ $2.74 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$6.87 Billion ≈ $4.86 Billion USD) and total liabilities (AU$3.00 Billion ≈ $2.12 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TWE asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$3.87 Billion
% of Total Assets	56.34%
Annual Growth Rate	3.44%
5-Year Change	33.71%
10-Year Change	34.53%
Growth Volatility	6.42

Treasury Wine Estates Ltd - Net Assets Trend (2010–2025)

This chart illustrates how Treasury Wine Estates Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Treasury Wine Estates Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Treasury Wine Estates Ltd (2010–2025)

The table below shows the annual net assets of Treasury Wine Estates Ltd from 2010 to 2025. For live valuation and market cap data, see market cap of Treasury Wine Estates Ltd.

Year	Net Assets	Change
2025-06-30	AU$4.80 Billion ≈ $3.40 Billion	+4.14%
2024-06-30	AU$4.61 Billion ≈ $3.26 Billion	+18.87%
2023-06-30	AU$3.88 Billion ≈ $2.74 Billion	+2.37%
2022-06-30	AU$3.79 Billion ≈ $2.68 Billion	+5.51%
2021-06-30	AU$3.59 Billion ≈ $2.54 Billion	-0.14%
2020-06-30	AU$3.60 Billion ≈ $2.54 Billion	-1.25%
2019-06-30	AU$3.64 Billion ≈ $2.58 Billion	+4.15%
2018-06-30	AU$3.50 Billion ≈ $2.47 Billion	-3.11%
2017-06-30	AU$3.61 Billion ≈ $2.55 Billion	+1.10%
2016-06-30	AU$3.57 Billion ≈ $2.53 Billion	+17.00%
2015-06-30	AU$3.05 Billion ≈ $2.16 Billion	+7.09%
2014-06-30	AU$2.85 Billion ≈ $2.02 Billion	-5.29%
2013-06-30	AU$3.01 Billion ≈ $2.13 Billion	+2.33%
2012-06-30	AU$2.94 Billion ≈ $2.08 Billion	+2.17%
2011-06-30	AU$2.88 Billion ≈ $2.04 Billion	-0.46%
2010-06-30	AU$2.89 Billion ≈ $2.05 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Treasury Wine Estates Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 42330000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Retained Earnings	AU$423.30 Million	8.85%
Common Stock	AU$4.23 Billion	88.34%
Other Comprehensive Income	AU$152.50 Million	3.19%
Total Equity	AU$4.78 Billion	100.00%

Treasury Wine Estates Ltd Competitors by Market Cap

The table below lists competitors of Treasury Wine Estates Ltd ranked by their market capitalization.

Company	Market Cap
Pearl Abyss Corp KQ:263750	$2.45 Billion
Wockhardt Limited NSE:WOCKPHARMA	$2.45 Billion
OPERAD.D.SIT.MEX.A1 -01 F:98Y	$2.45 Billion
CJ Cheiljedang KO:097950	$2.46 Billion
Highwoods Properties Inc NYSE:HIW	$2.45 Billion
Inter & Co. Inc. Class A Common Shares NASDAQ:INTR	$2.45 Billion
Eaglerise Electric & Electronic China Co Ltd Class A SHE:002922	$2.45 Billion
Beijing Dabeinong Technology Group Co Ltd SHE:002385	$2.45 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Treasury Wine Estates Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,593,800,000 to 4,784,500,000, a change of 190,700,000 (4.2%).
Net income of 436,900,000 contributed positively to equity growth.
Dividend payments of 316,500,000 reduced retained earnings.
Share repurchases of 16,800,000 reduced equity.
Other comprehensive income increased equity by 70,300,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$436.90 Million	+9.13%
Dividends Paid	AU$316.50 Million	-6.62%
Share Repurchases	AU$16.80 Million	-0.35%
Other Comprehensive Income	AU$70.30 Million	+1.47%
Other Changes	AU$16.80 Million	+0.35%
Total Change	AU$-	4.15%

Book Value vs Market Value Analysis

This analysis compares Treasury Wine Estates Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.73x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 0.99x to 0.73x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2010-06-30	AU$4.33	AU$4.29	x
2011-06-30	AU$4.31	AU$4.29	x
2012-06-30	AU$4.40	AU$4.29	x
2013-06-30	AU$4.50	AU$4.29	x
2014-06-30	AU$4.27	AU$4.29	x
2015-06-30	AU$4.57	AU$4.29	x
2016-06-30	AU$4.95	AU$4.29	x
2017-06-30	AU$4.84	AU$4.29	x
2018-06-30	AU$4.78	AU$4.29	x
2019-06-30	AU$4.99	AU$4.29	x
2020-06-30	AU$4.93	AU$4.29	x
2021-06-30	AU$4.91	AU$4.29	x
2022-06-30	AU$5.17	AU$4.29	x
2023-06-30	AU$5.27	AU$4.29	x
2024-06-30	AU$5.87	AU$4.29	x
2025-06-30	AU$5.87	AU$4.29	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Treasury Wine Estates Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 9.13%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.87%
• Asset Turnover: 0.35x
• Equity Multiplier: 1.74x
Recent ROE (9.13%) is above the historical average (5.27%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	2.23%	4.35%	0.40x	1.29x	AU$-223.15 Million
2012	3.06%	5.35%	0.44x	1.30x	AU$-203.65 Million
2013	1.41%	2.45%	0.42x	1.37x	AU$-258.07 Million
2014	-3.55%	-5.64%	0.46x	1.36x	AU$-385.52 Million
2015	2.55%	3.94%	0.47x	1.36x	AU$-227.21 Million
2016	5.03%	7.66%	0.44x	1.48x	AU$-177.18 Million
2017	7.47%	10.62%	0.48x	1.46x	AU$-91.33 Million
2018	10.32%	14.43%	0.46x	1.56x	AU$11.10 Million
2019	11.53%	14.55%	0.43x	1.83x	AU$55.76 Million
2020	7.26%	9.74%	0.40x	1.85x	AU$-98.40 Million
2021	6.97%	9.31%	0.43x	1.75x	AU$-108.71 Million
2022	6.95%	10.40%	0.38x	1.76x	AU$-115.29 Million
2023	6.59%	10.23%	0.35x	1.84x	AU$-131.67 Million
2024	2.15%	3.52%	0.35x	1.77x	AU$-360.48 Million
2025	9.13%	14.87%	0.35x	1.74x	AU$-41.55 Million

Industry Comparison

This section compares Treasury Wine Estates Ltd's net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.

Industry Context

Industry: Beverages - Wineries & Distilleries
Average net assets among peers: $1,277,545,658
Average return on equity (ROE) among peers: -5.61%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Treasury Wine Estates Ltd (TWE)	AU$3.87 Billion	2.23%	0.78x	$2.45 Billion
Australian Vintage Ltd (AVG)	$270.45 Million	11.91%	1.10x	$14.92 Million
Endeavour Group Ltd (EDV)	$3.56 Billion	13.92%	2.05x	$4.35 Billion
Lark Distilling Co. Ltd (LRK)	$6.18 Million	-42.64%	1.54x	$68.12 Million

About Treasury Wine Estates Ltd

AU:TWE Australia Beverages - Wineries & Distilleries

Market Cap

$2.45 Billion

AU$3.46 Billion AUD

Market Cap Rank

#5538 Global

#129 in Australia

Share Price

AU$4.29

Change (1 day)

-0.92%

52-Week Range

AU$3.37 - AU$9.12

All Time High

AU$16.66