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: 2.72
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

$21.65

23 Mar
2026

0.060

OPEN

$21.48

0.28%

HIGH

$21.71

4,880,026

LOW

$21.30

TARGET
$23.207 7.2% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 80.8 94.2 xxx
DPS (cps) xxx 69.0 78.7 xxx
EPS Growth xxx - 3.6% 16.6% xxx
DPS Growth xxx N/A 14.1% xxx
PE Ratio xxx N/A 23.2 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 85.4% 83.6% xxx

Dividend yield today if purchased 3 years ago: 3.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.16

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: 05/09 - ex-div 32.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx80.8
DPS All xxxxxxxxxxxxxxx69.0
Sales/Revenue xxxxxxxxxxxxxxx44,487.0 M
Book Value Per Share xxxxxxxxxxxxxxx284.8
Net Operating Cash Flow xxxxxxxxxxxxxxx2,936.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx29.07 %
Return on Invested Capital xxxxxxxxxxxxxxx8.35 %
Return on Assets xxxxxxxxxxxxxxx4.79 %
Return on Equity xxxxxxxxxxxxxxx29.07 %
Return on Total Capital xxxxxxxxxxxxxxx14.13 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx560.0 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 xxxxxxxxxxxxxxx1,078 M
Long Term Debt xxxxxxxxxxxxxxx9,249 M
Total Debt xxxxxxxxxxxxxxx10,327 M
Goodwill - Gross xxxxxxxxxxxxxxx1,151 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx705 M
Price To Book Value xxxxxxxxxxxxxxx7.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,487.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx34,218 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8,304 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx240 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

0.9

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

02/03/2026

2

Upgrade to Accumulate from Hold

$22.90

5.77%

Coles Group deliveer the first half result that was slightly softer than Morgans expected. The liquor segment remain subdued amid competitive intensity, the broker notes, particularly in the second quarter as Endeavour Group ((EDV)) raised its investment in pricing and promotions.

Morgans downgrades earnings estimates for FY26-28 slightly and retains an unchanged target of $22.90 as valuation is rolled forward.

The business continues to perform well within key supermarket metrics and the recent pullback in the share price provides an attractive entry point so the rating is upgraded to Accumulate from Hold.

FORECAST
Morgans forecasts a full year FY26 dividend of 79.00 cents and EPS of 93.00 cents.
Morgans forecasts a full year FY27 dividend of 86.00 cents and EPS of 102.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$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

xxx

$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

09/03/2026

2

Upgrade to Overweight from Neutral

$21.60

-0.23%

Coles Group's 1H26 result was in line, with earnings 3% ahead of Jarden, with cash-realisation up, margins up, and progress on key strategic initiatives. The focus, however, was on the outlook, with the sustainability of margin in question.

There was also a weaker trading update. Jarden's industry discussions suggest Coles is still gaining share, with exit rates stronger, improving trends in non-food and growth in online supportive of a strong second half. The key risk the broker sees is liquor.

Upgrade to Overweight from Neutral, target falls to $21.60 from $23.00.

FORECAST
Jarden forecasts a full year FY26 dividend of 78.00 cents and EPS of 93.70 cents.
Jarden forecasts a full year FY27 dividend of 86.00 cents and EPS of 103.00 cents.
Access Extra Coverage Research History >

COL STOCK CHART

FNArena News on COL

1
Rudi’s View: Top Picks & Conviction Buys

Mar 19 2026 - Rudi's View
2
Rudi’s View: Oil, Inflation, Growth & Stagflation

Mar 18 2026 - Rudi's View
3
Next Week At A Glance 16-20 Mar 2026

Mar 13 2026 - Weekly Reports
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 13-03-26

Mar 13 2026 - Weekly Reports
5
Rudi’s View: Post-February Conviction Calls

Mar 12 2026 - Rudi's View

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