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: 2.56
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

$21.25

04 Nov
2026

-0.390

OPEN

$21.70

-1.80%

HIGH

$21.95

4,218,124

LOW

$21.25

TARGET
$23.329 9.8% 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 FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 81.5 93.6 xxx
DPS (cps) xxx 78.0 78.6 xxx
EPS Growth xxx 0.9% 14.9% xxx
DPS Growth xxx 13.0% 0.8% xxx
PE Ratio xxx N/A 23.7 xxx
Dividend Yield xxx N/A 3.5% xxx
Div Pay Ratio(%) xxx 95.8% 84.0% xxx

Dividend yield today if purchased 3 years ago: 5.05%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.51

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 37.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx81.5
DPS All xxxxxxxxxxxxxxx78.0
Sales/Revenue xxxxxxxxxxxxxxx45,722.0 M
Book Value Per Share xxxxxxxxxxxxxxx294.8
Net Operating Cash Flow xxxxxxxxxxxxxxx3,344.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx28.12 %
Return on Invested Capital xxxxxxxxxxxxxxx8.50 %
Return on Assets xxxxxxxxxxxxxxx4.78 %
Return on Equity xxxxxxxxxxxxxxx28.12 %
Return on Total Capital xxxxxxxxxxxxxxx14.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx915.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx1,249 M
Long Term Debt xxxxxxxxxxxxxxx8,643 M
Total Debt xxxxxxxxxxxxxxx9,892 M
Goodwill - Gross xxxxxxxxxxxxxxx1,158 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx568 M
Price To Book Value xxxxxxxxxxxxxxx8.28

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx1,491.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.26 %
Cost of Goods Sold xxxxxxxxxxxxxxx34,993 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8,763 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx272 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

0.4

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

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$xx.xx

xx.xx%

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xx/xx/xxxx

3

xxxxxxx

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xx.xx%

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UBS

02/11/2026

3

Neutral

$22.50

5.88%

Coles Group's 1Q27 group sales growth of 2.2% was below UBS and consensus forecasts. Supermarkets sales rose 3.6% y/y, with like-for-like growth of 2.7% also missing expectations, while Liquor sales declined -1.3% y/y.

Slowing supermarkets sales momentum into 2Q27 was noted by the analyst, with Coles underperforming Woolworths Group ((WOW)).

Management guided to broadly flat 1H27 supermarkets EBIT, around -6% below consensus and -7% below its own forecast.

Higher fuel costs, weaker sales and targeted price investment are expected to pressure margins, with UBS estimating -$75m in additional pricing investment during 2Q27.

EPS forecasts are cut -7.1% for FY27 and -8.2% for FY28. Neutral is retained, with the target price reduced to $22.50 from $25.50.

FORECAST
UBS forecasts a full year FY27 dividend of 78.00 cents and EPS of 92.00 cents.
UBS forecasts a full year FY28 dividend of 82.00 cents and EPS of 95.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$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

03/11/2026

4

Downgrade to Underweight from Neutral

$19.40

-8.71%

Jarden adjusts its rating for Coles Group to Underweight from Neutral with its target price lowered to $19.40 from $22.80, citing a difficult FY27 outlook marked by a softer Q2 update where October sales slowed to -3% year-on-year.

Jarden notes the company plans to increase price investment by an estimated $20m to $40m into the crucial holiday period, which, if annualised into the second half, could negatively impact Supermarket 2H EBIT by -2% or -4% if like-for-like sales fail to recover.

Commentary highlights the stock is now trading at a -13% discount to WOW.

Jarden reduces FY27 EBIT estimates by -6%, increases inventory day assumptions, and sees a -4% downside risk to second-half EBIT.
Access Extra Coverage Research History >

COL STOCK CHART

FNArena News on COL

1
Rudi’s View: Previews To November Results

6:12 PM - Rudi's View
2
Coles Resets Strategy As Woolworths Fights Back

Nov 04 2026 - Australia
3
Rudi’s View: Optimism Up, Headwinds Remain

Nov 04 2026 - Rudi's View
4
Australian Broker Call *Extra* Edition – Nov 03, 2026

Nov 03 2026 - Daily Market Reports
5
Woolworths’ Valuation Keeps Buy Ratings Away

Nov 02 2026 - Australia

Latest Food, Beverages & Tobacco News

1
Coles Resets Strategy As Woolworths Fights Back

Nov 04 2026 - Australia
2
Woolworths’ Valuation Keeps Buy Ratings Away

Nov 02 2026 - Australia
3
Guzman y Gomez Defies Sector Pressures

Oct 15 2026 - Small Caps
4
Collins Foods Finds Firmer Footing In Europe

Sep 03 2026 - Australia
5
Treasure Chest: Orora

Aug 12 2026 - Treasure Chest
6
Rudi’s View: Pre-August Picks In Resources, Retail & Small Caps

Jul 23 2026 - Rudi's View
7
Supermarkets Behemoths Remain In Focus

Jul 15 2026 - Australia
8
Margin Pressure Dims Collins Foods’ Outlook

Jul 01 2026 - Small Caps
9
Metcash Negotiating A Tougher FY27 Outlook

Jun 24 2026 - Australia
10
Treasure Chest: Quick Service Restaurants

Jun 24 2026 - Treasure Chest