WESFARMERS LIMITED (WES)
Share Price Analysis and Chart

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WES

WES - WESFARMERS LIMITED

FNArena Sector : Consumer Products & Services
Year End: June
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 1.97
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Wesfarmer is an Australian conglomerate with interests predominantly in Australian and New Zealand retail companies. It owns Bunnings, Kmart, Officeworks and Target, amongst others. Founded as the Westralian Farmers Co-operative in 1914 it became a listed entity in November 1984.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$72.92

30 Apr
2026

0.580

OPEN

$72.30

0.80%

HIGH

$73.02

1,826,848

LOW

$72.19

TARGET
$78.06 7.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . PFP .
FNARENA'S MARKET CONSENSUS FORECASTS
WES: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 258.0 249.6 xxx
DPS (cps) xxx 356.0 206.7 xxx
EPS Growth xxx 14.3% - 3.3% xxx
DPS Growth xxx 79.8% - 41.9% xxx
PE Ratio xxx N/A 29.4 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 138.0% 82.8% xxx

Dividend yield today if purchased 3 years ago: 6.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.85

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: 05/11 - ex-div 40c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx258.0
DPS All xxxxxxxxxxxxxxx356.0
Sales/Revenue xxxxxxxxxxxxxxx45,576.0 M
Book Value Per Share xxxxxxxxxxxxxxx809.6
Net Operating Cash Flow xxxxxxxxxxxxxxx4,568.0 M
Net Profit Margin xxxxxxxxxxxxxxx6.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx32.92 %
Return on Invested Capital xxxxxxxxxxxxxxx15.44 %
Return on Assets xxxxxxxxxxxxxxx9.78 %
Return on Equity xxxxxxxxxxxxxxx32.92 %
Return on Total Capital xxxxxxxxxxxxxxx19.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,130.0 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 xxxxxxxxxxxxxxx1,149 M
Long Term Debt xxxxxxxxxxxxxxx10,019 M
Total Debt xxxxxxxxxxxxxxx11,168 M
Goodwill - Gross xxxxxxxxxxxxxxx3,790 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx638 M
Price To Book Value xxxxxxxxxxxxxxx10.47

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,147.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.52 %
Cost of Goods Sold xxxxxxxxxxxxxxx38,614 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,135 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,209 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

0.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

13/04/2026

3

Neutral

$81.00

11.08%

UBS’ quarterly consumer survey shows spending intentions rose quarter-on-quarter to a record high across all income groups, supported by strong income expectations despite higher savings.

Growth is skewed toward essentials, the analysts explain, with increases in groceries, fuel, utilities and healthcare, while discretionary areas like alcohol and gambling are expected to decline.

Cost-of-living pressures have intensified across all cohorts, particularly in fuel, rent and mortgages, the broker highlights.

For Wesfarmers: Neutral rating and $81.00 target.

FORECAST
UBS forecasts a full year FY26 dividend of 206.00 cents and EPS of 245.00 cents.
UBS forecasts a full year FY27 dividend of 224.00 cents and EPS of 263.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

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

28/04/2026

3

Neutral

$74.50

2.17%

Jarden highlights Amazon's accelerating scale in Australia, estimating 2025 gross merchandise value (GMV) at around $9.6bn, up 30% yoy, driven by third-party sellers, Prime growth and higher shopping frequency.

The company is now a major force in non-food retail, with growing penetration across electronics, grocery and hardware, supported by continued investment in logistics, range and delivery speed.

This expansion is expected to intensify competitive pressure, increasing risks to sales, margins and capital requirements for incumbents, the analysts caution.

Jarden favours defensive growth names such as Woolworths Group, Coles Group, Sigma Healthcare and Metcash, alongside exposure to the tech and AI cycle via JB Hi-Fi and structural growers such as Sigma.

For Wesfarmers, the analysts have a Neutral rating and $74.50 target.
Access Extra Coverage Research History >

WES STOCK CHART

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