COLES GROUP LIMITED (COL)
Share Price Analysis and Chart

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COL - COLES GROUP LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.81
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Coles is an Australia supermarket chain with over 800 stores. The original opened in Collingwood, Victoria in 1914. Coles was under the ownership of Wesfarmers from 2007 to 2018 when it was demerged into a seperate entity.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$18.16

20 Nov
2024

-0.180

OPEN

$18.49

-0.98%

HIGH

$18.49

2,119,483

LOW

$18.11

TARGET
$19.536 7.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . DMP . EDV . GDA . GYG . ING . LRK . MBH . MTS . RFG . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
COL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 83.8 84.3 xxx
DPS (cps) xxx N/A 70.3 xxx
EPS Growth xxx 0.2% 0.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 21.4 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx N/A 83.4% xxx

Dividend yield today if purchased 3 years ago: 3.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.76

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/09 - ex-div 32c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx83.8
DPS All xxxxxxxxxxxxxxx68.0
Sales/Revenue xxxxxxxxxxxxxxx43,684.0 M
Book Value Per Share xxxxxxxxxxxxxxx271.0
Net Operating Cash Flow xxxxxxxxxxxxxxx2,793.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.58 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx32.35 %
Return on Invested Capital xxxxxxxxxxxxxxx9.29 %
Return on Assets xxxxxxxxxxxxxxx5.27 %
Return on Equity xxxxxxxxxxxxxxx32.35 %
Return on Total Capital xxxxxxxxxxxxxxx15.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx269.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx911 M
Long Term Debt xxxxxxxxxxxxxxx9,158 M
Total Debt xxxxxxxxxxxxxxx10,069 M
Goodwill - Gross xxxxxxxxxxxxxxx1,151 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx675 M
Price To Book Value xxxxxxxxxxxxxxx6.28

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,671.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.83 %
Cost of Goods Sold xxxxxxxxxxxxxxx33,816 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7,885 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx225 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

01/11/2024

1

Buy

$20.00

10.13%

UBS states total group sales in Q1 proved better-than-anticipated, but supermarket sales for the period fell short of market consensus, though they proved in line with the broker's estimate.

Same story for liquor sales; short of consensus, in line with UBS. The broker has slightly reduced its forecasts.

UBS makes the point Coles has been better in managing the consumer's shift to 'value' shopping than competitor Woolworths Group ((WOW)).

As upside is anticipated from the supermarket business, UBS sticks with its Buy rating. Price target $20.

FORECAST
UBS forecasts a full year FY25 dividend of 75.00 cents and EPS of 86.00 cents.
UBS forecasts a full year FY26 dividend of 83.00 cents and EPS of 98.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

18/11/2024

3

Neutral

$18.50

1.87%

Goldman Sachs attended Coles Group's Strategy Day, where management outlined its "3D Strategy" focusing on Destination for Food and Drink, Accelerated by Digital, and consistent Delivery.

The broker notes CEO Leah Weckert highlighted key competitive advantages: reliable execution, exclusive brands, and efficiency-driven reinvestment.

The company is prioritising technology, data, and omni-channel execution, while emphasising productivity, cost control, and retail media scaling to support earnings growth.

Coles plans for strong cash conversion and an 80-90% dividend payout ratio.

The broker is positive on the strategy but notes intensifying competition from Woolworths Group ((WOW)), Amazon, Chemist Warehouse ((SIG)), and Bunnings ((WES)), as well as continued investment needs.

Neutral rating with a target price of $18.50.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 64.00 cents and EPS of 79.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 77.00 cents and EPS of 95.00 cents.
Access Extra Coverage Research History >

COL STOCK CHART

FNArena News on COL

1
Rudi’s View: The Importance Of ‘Quality’ Growth

3:18 PM - Rudi's View
2
ESG Focus: The Little Big Things – 21-11-2024

11:57 AM - ESG Focus
3
Australian Broker Call *Extra* Edition – Nov 19, 2024

Nov 19 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Nov 18, 2024

Nov 18 2024 - Daily Market Reports
5
Next Week At A Glance -18-22 Nov 2024

Nov 15 2024 - Weekly Reports

Latest Food, Beverages & Tobacco News

1
Coles Wins The Battle, But The War?

Nov 11 2024 - Australia
2
No Quick Fix For Woolworths Margins

Nov 06 2024 - Australia
3
Guzman y Gomez Defying Consumer Squeeze

Oct 15 2024 - Small Caps
4
Coles’ Dividend Attraction Meets ACCC Allegation

Sep 24 2024 - Australia
5
Inghams Group: Cracks Appear In Poultry Duopoly

Aug 29 2024 - Small Caps
6
Endeavour Navigating Choppy Seas

Aug 28 2024 - Australia
7
Collins Foods Looking For M&A Opportunities

Jun 27 2024 - Australia
8
Housing Crunch For Metcash

Jun 26 2024 - Australia
9
Treasury Wine Chases Luxury

Jun 25 2024 - Australia
10
Treasure Chest: The Fast Food Conundrum

May 02 2024 - Treasure Chest