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 Australian supermarket chain with more than 800 stores. The original store opened in Collingwood, Victoria in 1914. Coles was owned by Wesfarmers from 2007 to 2018, when it was demerged as a separate listed entity.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$23.43

23 Jul
2026

0.030

OPEN

$23.45

0.13%

HIGH

$23.65

3,190,585

LOW

$23.34

TARGET
$24.571 4.9% 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 93.2 xxx
DPS (cps) xxx 69.0 78.2 xxx
EPS Growth xxx - 3.6% 15.4% xxx
DPS Growth xxx N/A 13.3% xxx
PE Ratio xxx N/A 25.1 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx 85.4% 83.9% xxx

Dividend yield today if purchased 3 years ago: 3.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.94

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: 10/03 - ex-div 41.00c (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

0.8

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

17/07/2026

1

Buy

$23.00

-1.84%

Citi welcomes today's announcement by management at Coles of its decision to end discussions with TPG over a potential acquisition of Greencross. It's felt this news will be well received, with the share price likely to trade higher.

In an early assessment, the broker feels negative investor feedback contributed to the outcome. Citi has consistently argued Coles should instead use its strong balance sheet for capital management.

Buy rating. Target $23.

FORECAST
Citi forecasts a full year FY26 dividend of 82.50 cents and EPS of 93.90 cents.
Citi forecasts a full year FY27 dividend of 86.50 cents and EPS of 102.40 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$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

05/05/2026

3

Downgrade to Neutral from Overweight

$22.60

-3.54%

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
Next Week At A Glance – 20-25 Jul 2026

Jul 17 2026 - Weekly Reports
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Next Week At A Glance – 6-10 Jul 2026

Jul 03 2026 - Weekly Reports
5
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Jul 02 2026 - Rudi's View

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