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: 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

$76.04

08 Oct
2026

-0.260

OPEN

$76.30

-0.34%

HIGH

$76.90

1,450,806

LOW

$75.83

TARGET
$80.167 5.4% upside
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 253.4 273.0 xxx
DPS (cps) xxx 222.0 233.2 xxx
EPS Growth xxx - 1.8% 7.7% xxx
DPS Growth xxx - 37.6% 5.0% xxx
PE Ratio xxx N/A 28.3 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 87.6% 85.4% xxx

Dividend yield today if purchased 3 years ago: 4.22%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.87

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

0.1

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

28/08/2026

3

Hold

$89.00

17.04%

Ord Minnett retains Hold with an $89 target. FY26 profit increased 8% to $2.9bn and beat consensus by 1%, while dividends rose 8% to $2.22.

Commentary suggests Bunnings and Kmart delivered solid sales and earnings growth through productivity and cost control, while Officeworks earnings fell -20% because of transformation expenditure.

Management expects all retail divisions to grow profitably in FY27 despite persistent cost pressures.

The broker cuts FY27 EPS by -6% due to higher interest costs and a slower Covalent lithium ramp-up, and remains cautious about consumer resilience if interest rates rise again.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 238.00 cents and EPS of 272.00 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%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$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

05/10/2026

2

Overweight

$83.20

9.42%

Jarden maintains an Overweight rating for Wesfarmers with an unchanged $83.20 target price following a -20% share price decline since October 2025.

Commentary suggests recent equity weakness stems from negative earnings revisions and macroeconomic pressures, including slowing discretionary spending and rising cost-of-living challenges.

The analyst views market concerns as overdone, noting the retail divisions consistently deliver sales growth across varying economic cycles.

Earnings resilience is underpinned by an everyday low-price offering and strategic expansion into new adjacencies, while margin upside exists through increased direct sourcing at Bunnings and productivity improvements driven by artificial intelligence.

Jarden anticipates a re-acceleration in earnings growth into FY28 as the business advances its digital initiatives to expand customer share of wallet.

FORECAST
Jarden forecasts a full year FY27 EPS of 276.50 cents.
Jarden forecasts a full year FY28 EPS of 304.60 cents.
Access Extra Coverage Research History >

WES STOCK CHART

FNArena News on WES

1
Premier Investments: Cheap But Challenged

Oct 05 2026 - Small Caps
2
Australian Broker Call *Extra* Edition – Oct 05, 2026

Oct 05 2026 - Daily Market Reports
3
Rudi’s View: The Index Is No Longer The Market

Sep 30 2026 - Rudi's View
4
Rudi’s View: Ampol, BlueScope, Evolution, Infratil, Ramelius & More

Sep 24 2026 - Rudi's View
5
Australian Consumers Showing Pain & Resilience

Sep 23 2026 - Australia

Latest Consumer Products & Services News

1
Appreciating Wesfarmers’ Quality & Resilience

Oct 07 2026 - Australia
2
Premier Investments: Cheap But Challenged

Oct 05 2026 - Small Caps
3
Australian Consumers Showing Pain & Resilience

Sep 23 2026 - Australia
4
Affordability Gives Aspen The Defensive Edge

Sep 10 2026 - Small Caps
5
Treasure Chest: Telstra Group

Sep 03 2026 - Treasure Chest
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Aug 20 2026 - Australia
10
Treasure Chest: REA Group

Aug 19 2026 - Treasure Chest