WESFARMERS LIMITED (WES)
Share Price Analysis and Chart

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WES - WESFARMERS LIMITED

FNArena Sector : Consumer Products & Services
Year End: June
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.02
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

$66.51

18 Mar
2024

-0.610

OPEN

$66.63

-0.91%

HIGH

$67.02

1,143,178

LOW

$66.30

TARGET
$56.733 -14.7% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . MMM . PFP .
FNARENA'S MARKET CONSENSUS FORECASTS
WES: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 227.3 xxx
DPS (cps) xxx N/A 192.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 29.1 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx N/A 84.8% xxx

Dividend yield today if purchased 3 years ago: 3.77%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.89

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: 20/02 - ex-div 91c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx217.8
DPS All xxxxxxxxxxxxxxx191.0
Sales/Revenue xxxxxxxxxxxxxxx43,417.0 M
Book Value Per Share xxxxxxxxxxxxxxx729.9
Net Operating Cash Flow xxxxxxxxxxxxxxx4,179.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.68 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx30.32 %
Return on Invested Capital xxxxxxxxxxxxxxx13.59 %
Return on Assets xxxxxxxxxxxxxxx8.94 %
Return on Equity xxxxxxxxxxxxxxx30.32 %
Return on Total Capital xxxxxxxxxxxxxxx19.37 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx759.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1,135 M
Long Term Debt xxxxxxxxxxxxxxx10,034 M
Total Debt xxxxxxxxxxxxxxx11,169 M
Goodwill - Gross xxxxxxxxxxxxxxx3,846 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx673 M
Price To Book Value xxxxxxxxxxxxxxx6.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,288.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.97 %
Cost of Goods Sold xxxxxxxxxxxxxxx36,939 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,652 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx985 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

-0.2

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

16/02/2024

3

Neutral

$61.00

-8.28%

Wesfarmers's December-half result outpaced consensus and UBS forecasts thanks to a strong performance from Kmart, where sales continued to post solid growth during january.

Bunnings and Officeworks performed broadly in line, while Catch disappointed.

WesCEF (chemicals and lithium) missed consensus and UBS forecasts. Management retained production guidance. but sales remain dependent on spot prices, which have been weak.

WesCEF earnings guidance for the June half was negative due to higher forecast production costs related to ramp-ups and continuing weakness in spodumene prices, and should continue to be negative until the December half of FY26, observes UBS.

EPS forecasts rise 2.8% in FY25; ease -0.7% in FY25; and rise 1.7% in FY26.

Neutral rating retained. Target price rises to $61 from $55.

FORECAST
UBS forecasts a full year FY24 EPS of 224.00 cents.
UBS forecasts a full year FY25 EPS of 236.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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WES STOCK CHART