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: 2.72
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

$21.96

05 May
2026

-0.060

OPEN

$21.71

-0.27%

HIGH

$22.05

2,260,564

LOW

$21.65

TARGET
$23.814 8.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . CKF . DMP . EDV . GYG . ING . LRK . MBH . MTS . RFG . SGLLV . SPG . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
COL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 80.8 92.6 xxx
DPS (cps) xxx 69.0 78.2 xxx
EPS Growth xxx - 3.6% 14.7% xxx
DPS Growth xxx N/A 13.3% xxx
PE Ratio xxx N/A 23.5 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 85.4% 84.4% xxx

Dividend yield today if purchased 3 years ago: 3.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.18

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: 05/09 - ex-div 32.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx80.8
DPS All xxxxxxxxxxxxxxx69.0
Sales/Revenue xxxxxxxxxxxxxxx44,487.0 M
Book Value Per Share xxxxxxxxxxxxxxx284.8
Net Operating Cash Flow xxxxxxxxxxxxxxx2,936.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx29.07 %
Return on Invested Capital xxxxxxxxxxxxxxx8.35 %
Return on Assets xxxxxxxxxxxxxxx4.79 %
Return on Equity xxxxxxxxxxxxxxx29.07 %
Return on Total Capital xxxxxxxxxxxxxxx14.13 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx560.0 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 xxxxxxxxxxxxxxx1,078 M
Long Term Debt xxxxxxxxxxxxxxx9,249 M
Total Debt xxxxxxxxxxxxxxx10,327 M
Goodwill - Gross xxxxxxxxxxxxxxx1,151 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx705 M
Price To Book Value xxxxxxxxxxxxxxx7.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,487.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx34,218 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8,304 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx240 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

0.7

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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xx/xx/xxxx

3

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xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

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xx.xx%

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Macquarie

04/05/2026

1

Outperform

$23.80

8.38%

Macquarie found the quarterly update from Coles Group consistent with its track record of execution in supermarkets, noting there was no specific detail on FY26 earnings. Sales growth accelerated from 3.7% in the first half to an implied 4.4%.

Management pointed to weakening sentiment in liquor throughout March which has persisted into April. Along with ongoing competition this meant comparable sales contracted -4.3% compared with the prior corresponding quarter.

The broker remains attracted to the defensive growth profile, cost management and a PE that is broadly in line with long run averages. Target edges up to $23.80 from $23.70 and the Outperform rating is retained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 76.00 cents and EPS of 93.90 cents.
Macquarie forecasts a full year FY27 dividend of 85.00 cents and EPS of 105.30 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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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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

05/05/2026

3

Downgrade to Neutral from Overweight

$22.60

2.91%

Jarden has downgraded Coles Group to Neutral from Overweight following a period of relative share price outperformance, while concurrently lifting its target price to $22.60 from $21.60.

Commentary states the third-quarter update revealed a robust performance in food, with sales growing 4% supported by disciplined cost control, easing theft, and strong online momentum.

Conversely, the liquor division underperformed significantly, exiting the period with sales down more than -5% as lower foot traffic and heightened discounting weighed on margins.

Jarden has maintained its near-term earnings forecasts but modestly trimmed outer-year expectations, noting the supermarket giant's discount to rival Woolworths ((WOW)) has narrowed back to historical averages.

Ultimately, the broker believes Coles is well-positioned structurally, but sees more compelling near-term upside elsewhere in the consumer discretionary sector.

FORECAST
Jarden forecasts a full year FY26 dividend of 78.00 cents and EPS of 93.40 cents.
Jarden forecasts a full year FY27 dividend of 85.00 cents and EPS of 102.50 cents.
Access Extra Coverage Research History >

COL STOCK CHART

FNArena News on COL

1
Australian Broker Call *Extra* Edition – May 05, 2026

May 05 2026 - Daily Market Reports
2
Woolworths Puts Customers Ahead Of Profit

May 04 2026 - Australia
3
Next Week At A Glance – 4-8 May 2026

May 01 2026 - Weekly Reports
4
Rudi’s View: Best Buys & Conviction Calls

Apr 23 2026 - Rudi's View
5
March In Review: Oil Price Up, Shares Down

Apr 02 2026 - Australia

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