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: 2.56
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

$23.74

27 Aug
2026

-0.290

OPEN

$23.84

-1.21%

HIGH

$24.02

2,892,782

LOW

$23.63

TARGET
$25.129 5.8% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
COL: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 81.5 99.4 xxx
DPS (cps) xxx 78.0 83.0 xxx
EPS Growth xxx 0.9% 22.1% xxx
DPS Growth xxx 13.0% 6.4% xxx
PE Ratio xxx N/A 23.9 xxx
Dividend Yield xxx N/A 3.5% xxx
Div Pay Ratio(%) xxx 95.8% 83.5% xxx

Dividend yield today if purchased 3 years ago: 4.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.28

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 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

0.5

No. Of Recommendations

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

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UBS

26/08/2026

3

Neutral

$25.50

7.41%

Post another look, UBS retains a Neutral rating and $25.50 target while pointing out that total sales growth in the first 8 weeks was better than the 4Q26 but remained negative at -2.5% y/y.

The analyst sees management's multi-year program to reposition the business as "sound" but emphasises that the business is facing several headwinds in the alcohol segment which challenges the turnaround.

EPS forecasts are tweaked lower by -2% for FY27/FY28 on higher interest costs and D&A.

First take: Coles Group's FY26 underlying profit increased 13.7% to $1.26bn, around 1% ahead of consensus, supported by supermarket margin improvement and disciplined cost management.

UBS suggests the 78c dividend was slightly better than expected. Liquor remained the principal weakness, with earnings falling almost -48%.

Supermarket sales grew 3.7% during the first eight weeks of FY27, while liquor sales declined -2.5%.

Coles expects FY27 capital expenditure of $1.55bn, materially above market forecasts, reflecting investment in distribution infrastructure, stores and operational capabilities.

Higher expenditure and subdued liquor performance temper the otherwise solid result, the broker concludes. Neutral with a $25.50 target.

FORECAST
UBS forecasts a full year FY27 dividend of 84.00 cents and EPS of 99.00 cents.
UBS forecasts a full year FY28 dividend of 87.00 cents and EPS of 103.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

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xx.xx%

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xx/xx/xxxx

1

xxx

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xx.xx%

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Bell Potter

xx/xx/xxxx

3

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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

27/08/2026

3

Neutral

$22.80

-3.96%

Jarden maintains its Neutral rating for Coles Group with its target price increased to $22.80 from $22.60 following an in-line FY26 financial result with no surprises.

Operational performance featured consistent 10% EBIT growth across both halves, well-controlled costs, and a fourth-quarter sales lift as tobacco headwinds eased.

Medium-term forecasts are lifted to account for $300m of growth capital expenditure by the end of FY28 alongside an additional $100m of cost reductions targeted through FY29.

The analyst highlights that grocery run-rates and space expansion will support improving momentum, while liquor headwinds are projected to ease in FY27 through store optimisations.
Access Extra Coverage Research History >

COL STOCK CHART

FNArena News on COL

1
Next Week At A Glance – 31 Aug – 4 Sep 2026

Aug 28 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 27, 2026

Aug 27 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 25-08-2026

Aug 25 2026 - Australia
4
Treasure Chest: Orora

Aug 12 2026 - Treasure Chest
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Weekly Ratings, Targets, Forecast Changes – 07-08-26

Aug 10 2026 - Weekly Reports

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