COLES GROUP LIMITED (COL)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$19.06

24 Mar
2025

-0.400

OPEN

$19.35

-2.06%

HIGH

$19.41

2,401,649

LOW

$19.04

TARGET
$21.443 12.5% 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 83.1 xxx
DPS (cps) xxx N/A 69.1 xxx
EPS Growth xxx 0.2% - 0.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 22.9 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx N/A 83.1% xxx

Dividend yield today if purchased 3 years ago: 3.81%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.49

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Bell Potter

28/02/2025

3

Downgrade to Hold from Buy

$21.15

10.97%

First half underlying net profit from Coles Group was slightly ahead of Bell Potter's expectations.

Underlying results, where net profit was up 1%, included $92m in supply chain implementation and duplication costs while an estimated $20m in EBIT was gained from industrial action in Victoria affecting Woolworths Group ((WOW)).

Bell Potter downgrades to Hold from Buy to reflect the recent share price movement, noting the ACCC is likely to release its final report into supermarkets shortly.

Coles is favoured over competitor Woolworths, given what the broker perceives is better execution against profit growth in a difficult retail environment. Target rises to $21.15 from $20.50.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 69.00 cents and EPS of 87.00 cents.
Bell Potter forecasts a full year FY26 dividend of 73.00 cents and EPS of 90.80 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

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

06/03/2025

3

Neutral

$19.50

2.31%

Jarden believes Coles' 1H25 result was high-quality but retains its preference for Woolworths Group ((WOL)). 

The broker notes Coles performed well by easing shrink, cost-cutting, delivering on value and implementing new infrastructure, but the outlook is uncertain with rising costs among the key hurdles.

Competitive response is another key risk, with the broker observing the supermarket lost share to independents in the past 8 weeks.

The analyst raised EBITDA forecasts for FY25-27 but cut net profit forecasts to reflect higher D&A and net interest costs.

Target price rises to $19.5 from $16.9, Neutral rating maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 67.00 cents and EPS of 82.40 cents.
Jarden forecasts a full year FY26 dividend of 76.00 cents and EPS of 93.90 cents.
Access Extra Coverage Research History >

COL STOCK CHART

FNArena News on COL

1
Sighs Of Relief Post Supermarkets Inquiry

Mar 24 2025 - Australia
2
Next Week At A Glance 24-28 Mar 2025

Mar 21 2025 - Weekly Reports
3
Risk Off Puts Supermarkets In Focus

Mar 19 2025 - Australia
4
Rudi’s View: Navigating The Trump Slump

Mar 19 2025 - Rudi's View
5
Weekly Ratings, Targets, Forecast Changes – 14-03-25

Mar 17 2025 - Weekly Reports

Latest Food, Beverages & Tobacco News

1
Sighs Of Relief Post Supermarkets Inquiry

Mar 24 2025 - Australia
2
Risk Off Puts Supermarkets In Focus

Mar 19 2025 - Australia
3
Choppy Waters For Endeavour

Mar 04 2025 - Australia
4
Woolworths: Oh Lord, I Have Sinned

Feb 28 2025 - Australia
5
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Feb 11 2025 - Australia
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Dec 05 2024 - Australia
7
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Dec 04 2024 - Australia
8
Coles Wins The Battle, But The War?

Nov 11 2024 - Australia
9
No Quick Fix For Woolworths Margins

Nov 06 2024 - Australia
10
Guzman y Gomez Defying Consumer Squeeze

Oct 15 2024 - Small Caps