Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
In May 2025 MM saw upside in TWE when the market at least diversifies away from the “Certainty Trade” and deep-seated value in the share price below $8. With the share price dropping below $7.40 on Friday, could MM please provide an updated opinion on TWE, with commentary on the continuing fall in the share price and outlook for the company from here? I would also like to thank MM on your great market updates and trading ideas!
Hi Mark,
Thanks for the positive feedback, always nice to read.
As for TWE it’s delivered more negatives than positives over the last few years with the share price down almost 50% from its 2023 high, while the ASX200 forged ahead. Their recent trading update in June looked mildly supportive but buyers failed to materialise, and small downgrades ensued.
The stock continues to appear “cheap” even with its strong performer Penfolds, future growth expected to slow to low/mid double‑digits, given softer demand across the U.S. market. We feel the stock needs a catalyst to re-rate and an until then MM is likely to remain on the sidelines, but we are conscious that its trading materially below it’s usual earnings multiple.
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