WOOLWORTHS GROUP LIMITED (WOW)
Share Price Analysis and Chart

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WOW - WOOLWORTHS GROUP LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.94
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Woolworths Group is an Australian supermarket chain with nearly one thousand outlets. The group also includes the Big W brand and liquor outlets Dan Murphy's, BWS and Cellarmasters. The company has been listed since July 1993.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$35.15

22 Jul
2024

0.090

OPEN

$34.97

0.26%

HIGH

$35.18

1,138,016

LOW

$34.80

TARGET
$33.667 -4.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . COL . DMP . E33 . EDV . GDA . ING . LRK . MBH . MCL . MMM . MTS . RFG . SGLLV . TSI . TWE . WOA . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
WOW: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 133.2 138.6 xxx
DPS (cps) xxx 104.0 120.0 xxx
EPS Growth xxx 5.2% 4.0% xxx
DPS Growth xxx 13.0% 15.4% xxx
PE Ratio xxx N/A 25.3 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 78.1% 86.6% xxx

Dividend yield today if purchased 3 years ago: 2.63%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.96

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: 28/02 - ex-div 47c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx133.2
DPS All xxxxxxxxxxxxxxx104.0
Sales/Revenue xxxxxxxxxxxxxxx64,294.0 M
Book Value Per Share xxxxxxxxxxxxxxx528.9
Net Operating Cash Flow xxxxxxxxxxxxxxx4,797.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.52 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx26.09 %
Return on Invested Capital xxxxxxxxxxxxxxx7.92 %
Return on Assets xxxxxxxxxxxxxxx4.59 %
Return on Equity xxxxxxxxxxxxxxx26.09 %
Return on Total Capital xxxxxxxxxxxxxxx12.32 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,252.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx2,103 M
Long Term Debt xxxxxxxxxxxxxxx13,632 M
Total Debt xxxxxxxxxxxxxxx15,735 M
Goodwill - Gross xxxxxxxxxxxxxxx3,581 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,135 M
Price To Book Value xxxxxxxxxxxxxxx7.54

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx2,519.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.92 %
Cost of Goods Sold xxxxxxxxxxxxxxx47,118 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx14,393 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,263 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

0.4

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

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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Macquarie

03/05/2024

1

Outperform

$35.00

-0.43%

Woolworths Group has seen a uncharacteristically soft half relative to the prior year, Macquarie suggests, partially explained by difficult comparables but, more realistically, a rare miss on execution.

Woolworths Australia food saw 1.5% year on year growth in the March Q compared with Coles Group ((COL)) at 5.1%.

The broker highlights premium branding, lack of a collectables campaign, availability issues in fresh produce, headwinds in tobacco, tough comparapables, and a distracted management.

A $90-100m cost increase pa over FY25-26 due to commissioning of large supply chain and automation projects should lead to net benefit by FY28, the broker suggests.

Outperform and $35 target retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 138.00 cents and EPS of 143.00 cents.
Macquarie forecasts a full year FY25 dividend of 100.00 cents and EPS of 144.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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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

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

10/05/2024

1

Buy

$39.40

12.09%

Woolworths Group envisages a challenging period over the next 12-months with low cost inflation and competition likely to impact on results.

3Q24 results were in line with Goldman Sachs but the stock was weaker off the back of the more sanguine outlook.

Management is increasing the supply chain cost ramp up by -$90m-$100m.

Competition is increasing in online/retail media with Coles Group ((COL)) realising 35% growth in eComm versus Woolworths Group at 18.4%.

Longer term, the analyst believes the company can maintain its market share position and leadership. The broker lowers FY24 EPS estimates by -1% out to -3% in FY26.

A Buy rating is retained. The target is lowered to $39.40 from $40.40.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 108.00 cents and EPS of 143.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 114.00 cents and EPS of 150.00 cents.
Access Stockbroker Research History >

WOW STOCK CHART

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