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: 2.72
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

$21.25

04 Mar
2026

-0.110

OPEN

$21.18

-0.51%

HIGH

$21.71

5,697,326

LOW

$21.18

TARGET
$23.407 10.2% 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 93.8 xxx
DPS (cps) xxx 69.0 79.1 xxx
EPS Growth xxx - 3.6% 16.2% xxx
DPS Growth xxx N/A 14.7% xxx
PE Ratio xxx N/A 22.7 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 85.4% 84.4% xxx

Dividend yield today if purchased 3 years ago: 3.91%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.24

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

0.9

No. Of Recommendations

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

Morgans

xx/xx/xxxx

2

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$xx.xx

xx.xx%

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xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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xx/xx/xxxx

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UBS

02/03/2026

1

Buy

$24.00

12.94%

UBS lowers its target for Coles Group by -$1.00 to $24.00 following interim results given slowing Supermarkets sales and challenges faced by Liquor.

The analysts retain a Buy rating, citing ongoing Supermarkets execution driven by promotional effectiveness and cost leadership. A now wider-than-average one-year forward P/E multiple gap of 5.4x to Woolworths Group ((WOW)) is also noted.

A summary of the broker's original thoughts on result's day follows.

In a quick response to today's interim result release by Coles Group, UBS comments the 1H26 result, with NPAT (pre-significant items) of $676m (+12.5%) is broadly in line, despite Supermarkets underperforming expectations.

Commentary highlights group sales are $23.62bn (+2.5%) and Supermarkets EBIT (ex-significant items) is $1,234m (+14.6%), with 2Q like-for-like sales growth slowing to 2.4% and underlying gross margin lifting 65bp to 27.8%.

Liquor remains the weak spot, with EBIT down -37% to $42m and 2Q like-for-like sales -5.3%, while the first seven weeks of 3Q show Supermarkets sales up 3.7% and Liquor sales down -2.5%, both below expectations.

Capex guidance of -$1.2bn is maintained, and cash realisation is 94%. 

FORECAST
UBS forecasts a full year FY26 dividend of 77.00 cents and EPS of 93.00 cents.
UBS forecasts a full year FY27 dividend of 87.00 cents and EPS of 103.00 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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Bell Potter

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

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

05/02/2026

3

Neutral

$23.00

8.24%

Jarden's FMCG survey results were most positive for Woolworths Group ((WOW)) but Coles Group ((COL)) is still widely expected to outperform in 2026, a view the broker sees as increasingly at risk.

Overall sentiment was more pessimistic than expected, reflecting regulatory risk, easing inflation and more value-conscious consumers amid heightened competition.

The broker favours FMCG and category leaders, while flagging pricing risks for Coles and Endeavour Group ((EDV)) in 2H26. 

Neutral rating for Coles. Target price $23.

FORECAST
Jarden forecasts a full year FY26 dividend of 78.00 cents and EPS of 93.90 cents.
Jarden forecasts a full year FY27 dividend of 85.00 cents and EPS of 102.80 cents.
Access Extra Coverage Research History >

COL STOCK CHART

FNArena News on COL

1
Rudi’s View: A Season Of Large Cap Winners

Mar 04 2026 - Rudi's View
2
FNArena Corporate Results Monitor – 27-02-2026

Feb 27 2026 - Australia
3
Next Week At A Glance – 27 Feb – 6 March 2026

Feb 27 2026 - Weekly Reports
4
Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View
5
Rudi’s View: More Surprises, Led By CBA & BHP

Feb 19 2026 - Rudi's View

Latest Food, Beverages & Tobacco News

1
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Dec 23 2025 - Technicals
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