WESFARMERS LIMITED (WES)
Share Price Analysis and Chart

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WES

WES - WESFARMERS LIMITED

FNArena Sector : Consumer Products & Services
Year End: June
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 1.97
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Wesfarmer is an Australian conglomerate with interests predominantly in Australian and New Zealand retail companies. It owns Bunnings, Kmart, Officeworks and Target, amongst others. Founded as the Westralian Farmers Co-operative in 1914 it became a listed entity in November 1984.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$82.90

27 May
2025

0.250

OPEN

$82.29

0.30%

HIGH

$82.90

941,793

LOW

$81.53

TARGET
$72.25 -12.8% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . MPA . PFP .
FNARENA'S MARKET CONSENSUS FORECASTS
WES: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 225.7 233.1 xxx
DPS (cps) xxx 198.0 202.7 xxx
EPS Growth xxx 3.6% 3.3% xxx
DPS Growth xxx 3.7% 2.4% xxx
PE Ratio xxx N/A 35.5 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 87.7% 87.0% xxx

Dividend yield today if purchased 3 years ago: 4.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.39

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 107c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx225.7
DPS All xxxxxxxxxxxxxxx198.0
Sales/Revenue xxxxxxxxxxxxxxx44,047.0 M
Book Value Per Share xxxxxxxxxxxxxxx756.5
Net Operating Cash Flow xxxxxxxxxxxxxxx4,594.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx30.32 %
Return on Invested Capital xxxxxxxxxxxxxxx13.82 %
Return on Assets xxxxxxxxxxxxxxx9.02 %
Return on Equity xxxxxxxxxxxxxxx30.32 %
Return on Total Capital xxxxxxxxxxxxxxx20.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,318.0 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 xxxxxxxxxxxxxxx1,165 M
Long Term Debt xxxxxxxxxxxxxxx10,113 M
Total Debt xxxxxxxxxxxxxxx11,278 M
Goodwill - Gross xxxxxxxxxxxxxxx4,082 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx835 M
Price To Book Value xxxxxxxxxxxxxxx8.62

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,076.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx37,267 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,841 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx960 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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

23/05/2025

3

Neutral

$82.00

-1.09%

Wesfarmers' annual strategy briefing has seen management reduce guidance for WesCEF (Chemicals, Energy & Fertilisers) but UBS analysts also took with them increased confidence in the strong Bunnings outlook, as well as in growth for Kmart & Officeworks.

Changes made to forecasts are rather small in the bigger scheme of things, but the increased confidence has seen the broker lifting its valuation.

The new price target of $82 compares with $78 prior. Neutral rating retained.

FORECAST
UBS forecasts a full year FY25 dividend of 211.00 cents and EPS of 233.00 cents.
UBS forecasts a full year FY26 dividend of 228.00 cents and EPS of 256.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

27/05/2025

4

Underweight

$73.10

-11.82%

Jarden views the latest Strategy Day as the most upbeat for Wesfarmers, with management discussing higher return on investment and several growth initiatives, including slight earnings upgrades to the broker's outlook for Health, Officeworks, and Kmart.

Despite the more positive view on those divisions, the slight downward earnings estimate revisions relate to Mount Holland, where lithium losses are higher at -$60m due to persistent weak market pricing.

Jarden believes financial services are the missing link in the group's portfolio.

Target price rises to $73.10 from $67.50. No change to Underweight rating. The broker trims EPS estimates by -1% to -4% for FY25–FY27.

FORECAST
Jarden forecasts a full year FY25 dividend of 204.00 cents and EPS of 231.50 cents.
Jarden forecasts a full year FY26 dividend of 228.00 cents and EPS of 257.30 cents.
Access Extra Coverage Research History >

WES STOCK CHART

FNArena News on WES

1
Wesfarmers Sees Plenty Of Opportunities

May 28 2025 - Australia
2
Australian Broker Call *Extra* Edition – May 27, 2025

May 27 2025 - Daily Market Reports
3
Rudi’s View: Rate Cut Winners & AI Beneficiaries

May 22 2025 - Rudi's View
4
Rudi’s View: 30 For ’30 & Best Buy Convictions

May 15 2025 - Rudi's View
5
Rudi’s View: Awaiting The Real World Ramifications (continued)

May 14 2025 - Rudi's View

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