Wesfarmers Dividends and Buybacks
Dividend criteria checks 3/6
Wesfarmers is a dividend paying company with a current yield of 2.35% that is well covered by earnings.
Key information
2.4%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 3.1% |
| Dividend Growth | -0.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 79% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jun 16
WES: Wage Pressures And Execution Risks Will Restrain Future P E Upside
Analysts have lifted the Wesfarmers fair value estimate to A$61.04 from A$58.86, reflecting updated assumptions for revenue growth, profit margins and the stock's future P/E. Analyst Commentary Recent research on Wesfarmers highlights a mix of optimism around earnings quality and caution on what investors are being asked to pay for that outlook.
Narrative Update • Jun 02
WES: Portfolio Reshuffle And Wage Pressures Will Shape Returns Ahead
Analysts have trimmed their Wesfarmers price target to about A$76 from roughly A$78. This reflects a slightly higher discount rate, modestly adjusted profit margin expectations, and only small changes to projected revenue growth and future P/E assumptions.
Narrative Update • May 04
WES: Neutral Coverage And Execution Discipline Will Support Higher Future Pricing
The analyst fair value estimate for Wesfarmers has shifted from A$100.00 to about A$95.70, as analysts factor in slightly more cautious assumptions on revenue growth, profit margins and future P/E, along with recent neutral Street research coverage. Analyst Commentary Recent Street research on Wesfarmers signals a more measured stance overall, with the fair value estimate now closer to A$95.70.Analysis Article • Apr 27
Why Wesfarmers Limited (ASX:WES) Could Be Worth Watching
Wesfarmers Limited ( ASX:WES ) saw significant share price movement during recent months on the ASX, rising to highs of...Narrative Update • Apr 20
WES: Neutral Stance And Fine Tuned Assumptions Will Guide Returns Ahead
Analysts have reduced the Wesfarmers price target from A$81.21 to A$78.01, reflecting modest adjustments to revenue growth and profit margin forecasts, a slightly higher discount rate, and a lower future P/E assumption in their updated models. Analyst Commentary Recent commentary around Wesfarmers points to a mixed but measured stance, with the latest price target move to A$78.01 reflecting fine tuning of models rather than a major shift in thesis.Narrative Update • Apr 04
WES: Neutral Stance And Execution Risks Will Restrain Future P/E Upside
The analyst price target for Wesfarmers has been trimmed by about A$1 to reflect a slightly lower fair value and P/E multiple, with analysts pointing to updated models and recent neutral views in the wider market as key drivers of the change. Analyst Commentary Recent Street views on Wesfarmers sit on the cautious side, with the trimmed price target and lower implied P/E multiple fitting into a broader pattern of restraint from Bearish analysts.Narrative Update • Mar 21
WES: Steady A$100 Fair Value Signals Confidence In Execution Quality
Analysts have kept Wesfarmers' fair value estimate steady at A$100.00 per share, with small tweaks to the discount rate, revenue growth assumptions, profit margin outlook and future P/E used in their models. Analyst Commentary Recent Street research for another infrastructure name, Western Midstream, highlights how analysts tend to react cautiously after quarterly updates.
New Narrative • Mar 12
Wesfarmers Limited is a high-quality, stable long-term compounder, though it often trades at a premium valuation.
Wesfarmers Limited A High-Quality Australian Conglomerate with Durable Retail Cash Flows Wesfarmers Limited is one of Australia’s highest-quality diversified conglomerates, with a portfolio of leading businesses spanning home improvement, discount retail, office supplies, chemicals, and industrial operations. The company’s strategy focuses on owning market-leading businesses with strong competitive advantages and disciplined capital allocation.Narrative Update • Mar 07
WES: Higher Required Returns Will Limit P/E Upside And Execution Flexibility
Analysts have trimmed their Wesfarmers price target slightly to A$59.94 from A$60.17, reflecting modest adjustments to the discount rate assumptions, projected revenue growth, profit margins, and future P/E expectations. Analyst Commentary Bearish analysts are using the small cut in the Wesfarmers price target to flag that, at current levels, there is less room for execution missteps or weaker growth than previously assumed.Narrative Update • Feb 21
WES: Capital Discipline And Earnings Quality Will Support Stronger Future Returns
Analysts have trimmed their Wesfarmers price target by A$1, citing slightly higher assumed risk, a modest adjustment to revenue growth expectations, and a small change to forecast profit margins and future P/E assumptions. Analyst Commentary Bullish analysts looking at Wesfarmers are weighing near term valuation tweaks against the longer term earnings profile and capital discipline of the group.Narrative Update • Feb 06
WES: Higher Required Returns Will Pressure P/E Reliance Going Forward
Analysts have trimmed their fair value estimate for Wesfarmers slightly to A$60.17 from A$60.19, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bearish analysts are treating the trimmed A$60.17 fair value as a reminder that execution and valuation risks remain in focus for Wesfarmers, even if the adjustment is small in absolute terms.Narrative Update • Jan 23
WES: Special Dividend And Stable Cash Flows Will Shape Returns Ahead
Narrative Update Analysts have nudged their fair value estimate for Wesfarmers slightly higher to A$81.21 from A$80.82, citing refreshed assumptions for revenue growth, discount rate, and future P/E, rather than any major change in profit outlook. Analyst Commentary Recent commentary around Wesfarmers, along with moves seen in other sectors, highlights how small tweaks to valuation inputs can shift fair value without a major change in the underlying profit view.Narrative Update • Jan 09
WES: Higher Assumed P/E Will Test Execution And Margin Resilience
Analysts have increased their fair value estimate for Wesfarmers to A$60.19 from A$59.41, reflecting updated assumptions for revenue growth, profit margins and a slightly richer future P/E multiple. Analyst Commentary Analysts framing Wesfarmers around the updated A$60.19 fair value are broadly focused on how much investors are being asked to pay for a diversified earnings stream that still needs to deliver against expectations for revenue growth and margins.Narrative Update • Dec 26
WES: Special Dividend And Earnings Resilience Will Guide Returns Ahead
Analysts have modestly lifted their price target on Wesfarmers, citing slightly lower discount rate assumptions and stable long term growth and profitability forecasts that support a fair value estimate of about $80.82 per share. Analyst Commentary Bullish analysts view the uplift in Wesfarmers' valuation as supported by a more constructive risk backdrop, with a slightly lower discount rate reflecting reduced perceived macro and company specific risk.Narrative Update • Dec 12
WES Will Deliver Higher Margins And Stronger Earnings Durability Ahead
Analysts have modestly raised their price target on Wesfarmers by aligning valuation with slightly stronger expected revenue growth, improved profit margins, and a lower forward P/E multiple, while largely maintaining the prior fair value view of the business. Analyst Commentary Bullish analysts have highlighted that Wesfarmers' improved revenue trajectory and disciplined cost management justify a modest uplift to valuation metrics, while remaining broadly aligned with prior fair value assessments.Narrative Update • Nov 28
WES: Special Dividends And Cost Controls Will Guide Performance Amid Uncertainty
Wesfarmers' fair value estimate has been trimmed by analysts from $81.25 to $80.82. This slight decline reflects more cautious assumptions around discount rates, revenue growth, and profit margins.Analysis Article • Nov 25
At AU$80.18, Is It Time To Put Wesfarmers Limited (ASX:WES) On Your Watch List?
Today we're going to take a look at the well-established Wesfarmers Limited ( ASX:WES ). The company's stock received a...Narrative Update • Nov 14
WES: Special Dividends And Cost Discipline Will Shape Outlook Amid Uncertainty
Wesfarmers' analyst price target has been revised slightly downward from $81.64 to $81.25. Analysts cite a modestly higher discount rate and updates to revenue growth and profit margin forecasts in their valuation models.Narrative Update • Oct 30
WES: Future Investments And Cost Management Will Drive Earnings Amid Market Uncertainty
Analysts have slightly lowered their price target for Wesfarmers, reducing it from $82.51 to $81.64. They cite modest adjustments to discount rates, revenue growth expectations, and profit margin forecasts as the reasons for this change.Analysis Article • Oct 27
There's Reason For Concern Over Wesfarmers Limited's (ASX:WES) Price
With a price-to-earnings (or "P/E") ratio of 35.6x Wesfarmers Limited ( ASX:WES ) may be sending very bearish signals...Analysis Article • Oct 09
Wesfarmers (ASX:WES) Has A Pretty Healthy Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Sep 21
Why We Like The Returns At Wesfarmers (ASX:WES)
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...Narrative Update • Sep 16
Bunnings, Kmart And Officeworks Digital Upgrades Will Spur Retail Revival
The upward revision in Wesfarmers’ price target is primarily supported by modest improvements in both consensus revenue growth forecasts and future P/E multiples, resulting in a fair value increase to A$82.51. What's in the News Wesfarmers announced a proposed capital management initiative totalling $1.50 per share, expected to include a $1.10 per share capital component and a $0.40 per share fully-franked special dividend, pending ATO approval.Analysis Article • Aug 30
Wesfarmers Limited Just Beat EPS By 7.8%: Here's What Analysts Think Will Happen Next
Wesfarmers Limited ( ASX:WES ) shareholders are probably feeling a little disappointed, since its shares fell 3.0% to...Narrative Update • Aug 29
Investments In Lithium And Digitization Will Position For Future Success
The upward revision in Wesfarmers' consensus price target reflects improved revenue growth forecasts and a higher future P/E multiple, with fair value increasing from A$72.97 to A$80.14. Valuation Changes Summary of Valuation Changes for Wesfarmers The Consensus Analyst Price Target has risen from A$72.97 to A$80.14.Analysis Article • Aug 28
If EPS Growth Is Important To You, Wesfarmers (ASX:WES) Presents An Opportunity
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Narrative • Feb 09
Construction Slowdown May Challenge Bunnings, But Tech Investments May Improve Customer Experience
Construction sector challenges and global commodity volatility could affect Wesfarmers' revenue growth and profitability.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: WES's dividend payments have been volatile in the past 10 years.
Growing Dividend: WES's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Wesfarmers Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (WES) | 2.4% |
| Market Bottom 25% (AU) | 2.7% |
| Market Top 25% (AU) | 6.8% |
| Industry Average (Multiline Retail) | 1.7% |
| Analyst forecast (WES) (up to 3 years) | 3.1% |
Notable Dividend: WES's dividend (2.35%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.75%).
High Dividend: WES's dividend (2.35%) is low compared to the top 25% of dividend payers in the Australian market (6.83%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (78.9%), WES's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (73%), WES's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/01 14:56 |
| End of Day Share Price | 2026/07/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Wesfarmers Limited is covered by 21 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thomas Kierath | Barrenjoey Markets Pty Limited |
| David Errington | BofA Global Research |
| Daniel Broeren | CGS International |