` Comparison: TWE vs 600809 - Alpha Spread

TWE
vs
600809

Over the past 12 months, TWE has underperformed Shanxi Xinghuacun Fen Wine Factory Co Ltd, delivering a return of -57% compared to the Shanxi Xinghuacun Fen Wine Factory Co Ltd's 21% drop.

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TWE
600809
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Valuation Comparison

TWE Intrinsic Value
8.356 AUD
Undervaluation 49%
Intrinsic Value
Price
Intrinsic Value
238.79 CNY
Undervaluation 35%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Treasury Wine Estates Ltd
ASX:TWE
4.275 AUD
Shanxi Xinghuacun Fen Wine Factory Co Ltd
SSE:600809
155.95 CNY
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
TWE, 600809

TWE
600809
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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
Shanxi Xinghuacun Fen Wine Factory Co Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
TWE, 600809

TWE
600809
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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
Shanxi Xinghuacun Fen Wine Factory Co Ltd
SSE:600809
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What is Free Cash Flow?

Gross Margin

TWE
46%
Shanxi Xinghuacun Fen Wine Factory Co Ltd
58.8%

Operating Margin

TWE
20.8%
Shanxi Xinghuacun Fen Wine Factory Co Ltd
43.7%

Net Margin

TWE
-15.9%
Shanxi Xinghuacun Fen Wine Factory Co Ltd
32.7%

FCF Margin

TWE
9%
Shanxi Xinghuacun Fen Wine Factory Co Ltd
22.5%

ROE

TWE
-10%
Shanxi Xinghuacun Fen Wine Factory Co Ltd
33.9%

ROA

TWE
-5.7%
Shanxi Xinghuacun Fen Wine Factory Co Ltd
23.6%

ROIC

TWE
7.3%
Shanxi Xinghuacun Fen Wine Factory Co Ltd
32.5%

ROCE

TWE
8.5%
Shanxi Xinghuacun Fen Wine Factory Co Ltd
44.2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TWE, 600809

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Performance Gap
TWE, 600809

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TWE
600809
Difference
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Performance By Year
TWE, 600809

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TWE
600809
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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