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

$76.07

04 Mar
2026

-1.170

OPEN

$76.42

-1.51%

HIGH

$76.86

1,513,406

LOW

$75.41

TARGET
$87.60

+0.73 change from previous day

 15.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . PFP .
FNARENA'S MARKET CONSENSUS FORECASTS
WES: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 258.0 249.8 xxx
DPS (cps) xxx 356.0 210.0 xxx
EPS Growth xxx 14.3% - 3.2% xxx
DPS Growth xxx 79.8% - 41.0% xxx
PE Ratio xxx N/A 30.3 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 138.0% 84.1% xxx

Dividend yield today if purchased 3 years ago: 7.23%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.71

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: 05/11 - ex-div 40c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx258.0
DPS All xxxxxxxxxxxxxxx356.0
Sales/Revenue xxxxxxxxxxxxxxx45,576.0 M
Book Value Per Share xxxxxxxxxxxxxxx809.6
Net Operating Cash Flow xxxxxxxxxxxxxxx4,568.0 M
Net Profit Margin xxxxxxxxxxxxxxx6.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx32.92 %
Return on Invested Capital xxxxxxxxxxxxxxx15.44 %
Return on Assets xxxxxxxxxxxxxxx9.78 %
Return on Equity xxxxxxxxxxxxxxx32.92 %
Return on Total Capital xxxxxxxxxxxxxxx19.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,130.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1,149 M
Long Term Debt xxxxxxxxxxxxxxx10,019 M
Total Debt xxxxxxxxxxxxxxx11,168 M
Goodwill - Gross xxxxxxxxxxxxxxx3,790 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx638 M
Price To Book Value xxxxxxxxxxxxxxx10.47

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,147.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.52 %
Cost of Goods Sold xxxxxxxxxxxxxxx38,614 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,135 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,209 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

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

20/02/2026

3

Neutral

$90.00

18.31%

First half results from Wesfarmers were ahead of UBS estimates, underpinned by higher earnings from WesCEF and lower net interest.

The broker revises estimates for FY26 up by 2.6% and FY27 down by -0.2%, moderated by lower Bunnings & Officeworks earnings.

Bunnings and Kmart sales are slow, UBS asserts, the former challenged in the commercial segment, while the Officeworks transformation has commenced.

UBS considers the risk/reward is balanced and the company has resilient earnings and a strong growth outlook, although this is reflected in its elevated multiple. Neutral retained. Target is $90.

FORECAST
UBS forecasts a full year FY26 dividend of 213.00 cents and EPS of 252.00 cents.
UBS forecasts a full year FY27 dividend of 231.00 cents and EPS of 271.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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

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

02/03/2026

4

Underweight

$77.30

1.62%

Wesfarmers’ 1H26 result came with expectations, Jarden notes, and while earnings beat by 3%, it was a lower quality beat (lithium), with Q2 trends on balance softer. 

Some questions remain over the top-line outlook into 2026, especially as to whether Bunnings and Kmart are maturing businesses.

Jarden retains Underweight, largely on valuation grounds, with expectations high, competition increasing and given lithium ⁄ Officeworks execution risks.

The broker remains positive on Wesfarmers' strategy, management and opportunity, but sees better value elsewhere in the sector.

Target rises to $77.30 from $70.50.

FORECAST
Jarden forecasts a full year FY26 dividend of 223.00 cents and EPS of 256.00 cents.
Jarden forecasts a full year FY27 dividend of 249.00 cents and EPS of 284.00 cents.
Access Extra Coverage Research History >

WES STOCK CHART

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