WESFARMERS LIMITED (WES)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

WES

WES - WESFARMERS LIMITED

FNArena Sector : Consumer Products & Services
Year End: June
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.14
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Wesfarmers is an Australian conglomerate with interests predominantly in Australian and New Zealand retail businesses, including Bunnings, Kmart, Officeworks and Target. It originated as the Westralian Farmers Co-operative in 1914 and listed in 1984.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$81.54

05 Nov
2026

2.880

OPEN

$81.01

3.66%

HIGH

$82.24

2,972,606

LOW

$80.02

TARGET
$77.583 -4.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . PFP .
FNARENA'S MARKET CONSENSUS FORECASTS
WES: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 253.4 268.6 xxx
DPS (cps) xxx 222.0 230.8 xxx
EPS Growth xxx - 1.8% 6.0% xxx
DPS Growth xxx - 37.6% 4.0% xxx
PE Ratio xxx N/A 30.3 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 87.6% 85.9% xxx

Dividend yield today if purchased 3 years ago: 4.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.73

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: 01/09 - ex-div 120.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx253.4
DPS All xxxxxxxxxxxxxxx222.0
Sales/Revenue xxxxxxxxxxxxxxx47,140.0 M
Book Value Per Share xxxxxxxxxxxxxxx702.6
Net Operating Cash Flow xxxxxxxxxxxxxxx4,272.0 M
Net Profit Margin xxxxxxxxxxxxxxx6.10 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx33.48 %
Return on Invested Capital xxxxxxxxxxxxxxx14.83 %
Return on Assets xxxxxxxxxxxxxxx9.33 %
Return on Equity xxxxxxxxxxxxxxx33.48 %
Return on Total Capital xxxxxxxxxxxxxxx19.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx211.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx1,148 M
Long Term Debt xxxxxxxxxxxxxxx11,568 M
Total Debt xxxxxxxxxxxxxxx12,716 M
Goodwill - Gross xxxxxxxxxxxxxxx3,793 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx530 M
Price To Book Value xxxxxxxxxxxxxxx12.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx1,194.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.53 %
Cost of Goods Sold xxxxxxxxxxxxxxx39,868 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,181 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,121 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

30/10/2026

1

Buy

$88.00

7.92%

Ord Minnett cuts its target for Wesfarmers by -$1 to $88 and retains a Buy rating following its AGM trading update.

The broker estimates Bunnings' sales growth slows to around 1% in September and October, reflecting weaker seasonal and commercial demand.

Commentary notes Kmart remains resilient, while Officeworks shows improving momentum and should benefit from its transformation program.

Stronger chemicals, energy and fertiliser earnings help offset retail weakness, supported by improved spodumene pricing and capacity expansions, Ord Minnett explains.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 237.00 cents and EPS of 270.80 cents.
Ord Minnett forecasts a full year FY28 dividend of 256.00 cents and EPS of 292.00 cents.

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

3

xxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

02/11/2026

2

Overweight

$84.00

3.02%

Jarden maintains an Overweight rating for Wesfarmers with its target price increased to $84.00 from $83.20 following an AGM trading update featuring solid performances from Kmart and Officeworks partially offset by unexpected moderation at Bunnings.

The broker details a -0.2% to -0.4% reduction in FY27 to FY29 earnings estimates to reflect weaker commercial sales at Bunnings and a -$30m to -$40m step-up in Kmart supply chain costs.

Forecasts for the chemicals and energy division are upgraded as the Mt Holland operation shifts to selling more spodumene at spot pricing during a delayed refinery ramp-up.

The analyst notes the company is well positioned to outperform through the current economic cycle driven by its everyday low price proposition, expanding retail media segment, and scaling third-party marketplace.

Despite near-term macroeconomic pressures on the Australian consumer, Jarden views the stock as an attractive proxy offering material valuation upside as artificial intelligence integration and digital synergies accelerate into FY28.
Access Extra Coverage Research History >

WES STOCK CHART

FNArena News on WES

1
October In Review: ASX Gains From AI Fallout

Nov 04 2026 - Australia
2
Coles Resets Strategy As Woolworths Fights Back

Nov 04 2026 - Australia
3
Rudi’s View: Optimism Up, Headwinds Remain

Nov 04 2026 - Rudi's View
4
Woolworths’ Valuation Keeps Buy Ratings Away

Nov 02 2026 - Australia
5
Australian Broker Call *Extra* Edition – Nov 02, 2026

Nov 02 2026 - Daily Market Reports

Latest Consumer Products & Services News

1
Coles Resets Strategy As Woolworths Fights Back

Nov 04 2026 - Australia
2
Woolworths’ Valuation Keeps Buy Ratings Away

Nov 02 2026 - Australia
3
Sigma’s Growth Prescription Extends Offshore

Oct 27 2026 - Australia
4
The Disconnect In Baby Bunting’s De-Rating

Oct 16 2026 - Small Caps
5
Guzman y Gomez Defies Sector Pressures

Oct 15 2026 - Small Caps
6
Uptrend Resumes For Aristocrat Shares

Oct 13 2026 - Technicals
7
Joyce Corp’s Capital Light Growth In Focus

Oct 12 2026 - Small Caps
8
Appreciating Wesfarmers’ Quality & Resilience

Oct 07 2026 - Australia
9
Premier Investments: Cheap But Challenged

Oct 05 2026 - Small Caps
10
Australian Consumers Showing Pain & Resilience

Sep 23 2026 - Australia