This report provides a detailed financial analysis of Treasury Wine Estates Ltd, including external factors, competitive analysis, valuation, and investment risk. The report discusses the company's revenue, cost of sales, labour cost, depreciation, interest rate, and tax rate. It also includes a projection of the company's financial statements for the upcoming three years. The report concludes that the company has been performing well in terms of profitability and liquidity, but the share price is overvalued according to the dividend discount model.