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

$89.47

25 Jun
2026

2.200

OPEN

$88.00

2.52%

HIGH

$89.69

1,702,843

LOW

$87.87

TARGET
$78.80 -11.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . PFP .
FNARENA'S MARKET CONSENSUS FORECASTS
WES: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 253.4 273.0 xxx
DPS (cps) xxx 222.0 232.5 xxx
EPS Growth xxx - 1.8% 7.7% xxx
DPS Growth xxx - 37.6% 4.7% xxx
PE Ratio xxx N/A 26.7 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx 87.6% 85.2% xxx

Dividend yield today if purchased 3 years ago: 4.17%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.05

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: 01/09 - ex-div 120.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx253.4
DPS All xxxxxxxxxxxxxxx222.0
Sales/Revenue xxxxxxxxxxxxxxx47,140.0 M
Book Value Per Share xxxxxxxxxxxxxxx702.6
Net Operating Cash Flow xxxxxxxxxxxxxxx4,272.0 M
Net Profit Margin xxxxxxxxxxxxxxx6.10 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx33.48 %
Return on Invested Capital xxxxxxxxxxxxxxx14.83 %
Return on Assets xxxxxxxxxxxxxxx9.33 %
Return on Equity xxxxxxxxxxxxxxx33.48 %
Return on Total Capital xxxxxxxxxxxxxxx19.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx211.0 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 xxxxxxxxxxxxxxx1,148 M
Long Term Debt xxxxxxxxxxxxxxx11,568 M
Total Debt xxxxxxxxxxxxxxx12,716 M
Goodwill - Gross xxxxxxxxxxxxxxx3,793 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx530 M
Price To Book Value xxxxxxxxxxxxxxx12.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx1,194.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.53 %
Cost of Goods Sold xxxxxxxxxxxxxxx39,868 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,181 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,121 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

-0.1

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

11/06/2026

3

Equal-weight

$78.70

-12.04%

Wesfarmers outlined how AI and digital initiatives are being deployed across customer engagement, merchandising, pricing, inventory management and supply chains at its Investor Day.

Morgan Stanley views productivity improvements from AI adoption as a key earnings lever across the group.

Bunnings is expected to drive growth through expansion into adjacent categories including smart home, appliances, pets, automotive and rural, despite a softer housing backdrop.

The broker also highlights Mt Holland operating at nameplate capacity, strong revenue growth at Priceline and an improving outlook for WesCEF.

Equal-weight rated with a target of $78.70. Industry View: Cautious.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 220.00 cents and EPS of 249.00 cents.
Morgan Stanley forecasts a full year FY27 dividend of 240.00 cents and EPS of 272.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx 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

15/06/2026

3

Neutral

$79.30

-11.37%

Jarden maintains a Neutral rating for Wesfarmers with its target price increased to $79.30 following an iterative Strategy Day highlighting network growth, data scale, and digital acceleration.

The analyst notes a shifting operational focus toward leadership in artificial intelligence and automation to drive long-term total addressable market expansions across the retail divisions.

Planned property developments involve 100 new Bunnings projects to FY30 alongside expanding the Kmart Plan C format from 16 to 40 stores by the end of FY27.

Within the chemicals, energy, and fertilisers division, FY27 spodumene production is projected at 190kt while a key lithium expansion update remains scheduled for 1H27.

A -3% cut is applied to the FY27 earnings per share forecast to reflect progressive growth investments. The broker suggests the conglomerate remains well positioned to capture market share through its value pricing model.
Access Extra Coverage Research History >

WES STOCK CHART

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