COLES GROUP LIMITED (COL)
Share Price Analysis and Chart

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COL

COL - COLES GROUP LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.81
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Coles is an Australia supermarket chain with over 800 stores. The original opened in Collingwood, Victoria in 1914. Coles was under the ownership of Wesfarmers from 2007 to 2018 when it was demerged into a seperate entity.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$21.93

02 May
2025

0.440

OPEN

$21.64

2.05%

HIGH

$21.93

4,003,632

LOW

$21.45

TARGET
$22.05 0.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . DMP . EDV . GYG . ING . LRK . MBH . MTS . RFG . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
COL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 83.8 83.5 xxx
DPS (cps) xxx N/A 69.1 xxx
EPS Growth xxx 0.2% - 0.4% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 26.3 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx N/A 82.8% xxx

Dividend yield today if purchased 3 years ago: 3.68%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.10

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 32c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx83.8
DPS All xxxxxxxxxxxxxxx68.0
Sales/Revenue xxxxxxxxxxxxxxx43,684.0 M
Book Value Per Share xxxxxxxxxxxxxxx271.0
Net Operating Cash Flow xxxxxxxxxxxxxxx2,793.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.58 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx32.35 %
Return on Invested Capital xxxxxxxxxxxxxxx9.29 %
Return on Assets xxxxxxxxxxxxxxx5.27 %
Return on Equity xxxxxxxxxxxxxxx32.35 %
Return on Total Capital xxxxxxxxxxxxxxx15.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx269.0 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 xxxxxxxxxxxxxxx911 M
Long Term Debt xxxxxxxxxxxxxxx9,158 M
Total Debt xxxxxxxxxxxxxxx10,069 M
Goodwill - Gross xxxxxxxxxxxxxxx1,151 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx675 M
Price To Book Value xxxxxxxxxxxxxxx6.28

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,671.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.83 %
Cost of Goods Sold xxxxxxxxxxxxxxx33,816 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7,885 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx225 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

0.6

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

01/05/2025

1

Buy

$23.50

7.16%

Coles Group delivered March quarter group sales of $10.38bn, up by 3.4%, in line with the UBS estimate and slightly below consensus.

Supermarket sales were $9.4bn, up by 3.7% (or 4.7% excluding tobacco), with like-for-like growth of 3.0%, above the broker’s 2.8% forecast, driven by strong execution and investments in automation and online.

The Witron automated distribution centres and Ocado-powered fulfilment centres are materially improving product availability and delivery, note the analysts, while store-specific ranging and replenishment efforts are lifting in-store performance.

Online sales grew by 25.7%, with especially strong growth in New South Wales and Victoria, notes the broker.

Liquor sales of $813m rose by 3.4%, below UBS expectations, with like-for-like sales down by -2.0%. 

UBS retains a Buy rating and $23.50 target price.

FORECAST
UBS forecasts a full year FY25 dividend of 72.00 cents and EPS of 84.00 cents.
UBS forecasts a full year FY26 dividend of 83.00 cents and EPS of 97.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$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

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

05/05/2025

3

Neutral

$20.60

-6.06%

Jarden saw few surprises in Coles Group' 3Q25 result, with supermarket sales up 4.7% y/y, Ocado performing well, though liquor was a bit of a drag.

The broker remains skeptical of the benefits of liquor business rebranding, and the -0.2% cut to FY25-26 EBITDA forecast is largely a result of softer liquor results and costs related to brand consolidation.

The broker prefers Woolworths Group ((WOW)) over Coles, but sees scope for both supermarkets to outperform.

Neutral. Target rises to $20.60 from $19.50 on medium-term EBITDA upgrades and terminal margins.

FORECAST
Jarden forecasts a full year FY25 dividend of 66.00 cents and EPS of 81.90 cents.
Jarden forecasts a full year FY26 dividend of 76.00 cents and EPS of 93.40 cents.
Access Extra Coverage Research History >

COL STOCK CHART

FNArena News on COL

1
Australian Broker Call *Extra* Edition – May 05, 2025

10:35 AM - Daily Market Reports
2
Rudi’s View: Mag7 Dominance & Profit Warnings

May 01 2025 - Rudi's View
3
Rudi’s View: Share Market Scenarios & Dilemmas

Apr 09 2025 - Rudi's View
4
Rudi’s View: Time For Appreciating Quality

Apr 02 2025 - Rudi's View
5
In Brief: Retail Slips, Rigs Retire, Wesfarmers Expands

Mar 28 2025 - Weekly Reports

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