` Comparison: TWE vs DGH - Alpha Spread

TWE
vs
D
DGH

Over the past 12 months, TWE has outperformed DGH, delivering a return of -53% compared to the DGH's 0% growth.

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TWE
DGH
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Valuation Comparison

TWE Intrinsic Value
8.38 AUD
Undervaluation 54%
Intrinsic Value
Price AU$3.89
D
DGH Intrinsic Value
Not Available
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Treasury Wine Estates Ltd
ASX:TWE
3.89 AUD
D
Distell Group Holdings Ltd
JSE:DGH
18 050 Zac
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Valuation Scenario:
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Bull Case

Growth Comparison

Growth Over Time
TWE, DGH

TWE
DGH
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Treasury Wine Estates Ltd
Revenue
D
Distell Group Holdings Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
TWE, DGH

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DGH
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Treasury Wine Estates Ltd
ASX:TWE
D
Distell Group Holdings Ltd
JSE:DGH
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What is Free Cash Flow?

Gross Margin

TWE
46%
DGH
25.2%

Operating Margin

TWE
20.8%
DGH
9.2%

Net Margin

TWE
-15.9%
DGH
6.5%

FCF Margin

TWE
9%
DGH
0.3%

ROE

TWE
-10%
DGH
14.7%

ROA

TWE
-5.7%
DGH
7.4%

ROIC

TWE
7.3%
DGH
12.3%

ROCE

TWE
8.5%
DGH
16.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TWE, DGH

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Performance Gap
TWE, DGH

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TWE
DGH
Difference
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Performance By Year
TWE, DGH

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DGH
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett