COLES GROUP LIMITED (COL)
Share Price Analysis and Chart

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COL - COLES GROUP LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.78
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

$17.63

19 Jul
2024

-0.010

OPEN

$17.47

-0.06%

HIGH

$17.63

2,201,040

LOW

$17.40

TARGET
$17.80 1.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . DMP . E33 . EDV . GDA . ING . LRK . MBH . MCL . MMM . MTS . RFG . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
COL: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 83.7 80.4 xxx
DPS (cps) xxx 66.0 66.4 xxx
EPS Growth xxx 6.2% - 3.9% xxx
DPS Growth xxx 4.8% 0.6% xxx
PE Ratio xxx N/A 21.9 xxx
Dividend Yield xxx N/A 3.8% xxx
Div Pay Ratio(%) xxx 78.9% 82.6% xxx

Dividend yield today if purchased 3 years ago: 3.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.74

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: 05/03 - ex-div 36c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20192020202120222023
EPS Basic xxxxxxxxxxxx83.7
DPS All xxxxxxxxxxxx66.0
Sales/Revenue xxxxxxxxxxxx40,591.0 M
Book Value Per Share xxxxxxxxxxxx251.7
Net Operating Cash Flow xxxxxxxxxxxx2,807.0 M
Net Profit Margin xxxxxxxxxxxx2.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192020202120222023
Return on Capital Employed xxxxxxxxxxxx32.16 %
Return on Invested Capital xxxxxxxxxxxx8.87 %
Return on Assets xxxxxxxxxxxx5.00 %
Return on Equity xxxxxxxxxxxx32.16 %
Return on Total Capital xxxxxxxxxxxx13.48 %
Free Cash Flow ex dividends xxxxxxxxxxxx449.0 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 20192020202120222023
Short-Term Debt xxxxxxxxxxxx820 M
Long Term Debt xxxxxxxxxxxx8,147 M
Total Debt xxxxxxxxxxxx8,967 M
Goodwill - Gross xxxxxxxxxxxx1,115 M
Cash & Equivalents - Generic xxxxxxxxxxxx597 M
Price To Book Value xxxxxxxxxxxx7.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192020202120222023
Capex xxxxxxxxxxxx1,514.0 M
Capex % of Sales xxxxxxxxxxxx3.73 %
Cost of Goods Sold xxxxxxxxxxxx31,495 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx7,396 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx220 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

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgans

01/05/2024

1

Add

$18.95

7.49%

Coles' March quarter update showed supermarkets like-for-like sales grew 4.2%, which was above Morgans' 3.5% forecast. Total sales rose 5.0% with growth accelerating slightly through the back end of the quarter after increasing 4.9% in the first eight weeks.

Management said supermarkets volumes have remained positive in the early part of the June Q with ongoing deflation in fresh produce and meat and a moderation in inflation in packaged categories. Price inflation reduced to 2.2% versus 3.0% in the Dec Q.

Cost inflation (eg, labour) remains a headwind but should be mitigated, Morgans suggests, by the ‘Simplify & Save to Invest’ program
designed to take -$1bn in costs out over four years.

Target rises to $18.95 from $18.70, Add retained.

FORECAST
Morgans forecasts a full year FY24 dividend of 66.00 cents and EPS of 79.00 cents.
Morgans forecasts a full year FY25 dividend of 69.00 cents and EPS of 84.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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EXPERT VIEWS
Display All Commentary

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Jarden

08/03/2024

3

Neutral

$16.90

-4.14%

First half net profit from Coles Group was ahead of estimates with Jarden noting the quality was good as costs were well controlled.

The theft issue is now in hand and the broker believes this is particularly positive, considering the retailer has also improved in-stock positions, online share and value perception.

Net profit estimates for FY24 are lifted by 5% while a Neutral rating is retained, with the stock now trading at its tightest PE value relative to Woolworths ((WOW)) since the demerger.

The main negative was liquor, with share being ceded to Endeavour Group ((EDV)) and Aldi. Target is lifted to $16.90 from $15.90.

FORECAST
Jarden forecasts a full year FY24 dividend of 65.00 cents and EPS of 81.50 cents.
Jarden forecasts a full year FY25 dividend of 69.00 cents and EPS of 85.90 cents.

COL STOCK CHART