Coles Group Limited

ASX:COL Stock Report

Market Cap: AU$31.9b

Coles Group Management

Management criteria checks 4/4

Coles Group's CEO is Leah Weckert, appointed in May 2023, has a tenure of 3.08 years. total yearly compensation is A$5.42M, comprised of 36.4% salary and 63.6% bonuses, including company stock and options. directly owns 0.044% of the company’s shares, worth A$14.06M. The average tenure of the management team and the board of directors is 3.4 years and 5.6 years respectively.

Key information

Leah Weckert

Chief executive officer

AU$5.4m

Total compensation

CEO salary percentage36.38%
CEO tenure3.1yrs
CEO ownership0.04%
Management average tenure3.4yrs
Board average tenure5.6yrs

Recent management updates

Recent updates

Narrative Update Apr 26

COL: Firm Margins And Leakage Controls Are Expected To Sustain Fair Value

Analysts have nudged their fair value estimate for Coles Group slightly higher from A$22.75 to A$22.94, citing healthy growth, solid margins and progress in limiting non food channel leakage as key factors supporting the higher price target. Analyst Commentary Recent research points to a slightly more constructive view on Coles Group, with bullish analysts highlighting resilient fundamentals while also flagging areas that still warrant caution for valuation and execution risk.
Narrative Update Apr 12

COL: Firm Margins And Leakage Improvements Are Expected To Support Fair Value

Analysts have raised their price target on Coles Group to A$23, a modest uplift that is supported by views that growth remains relatively healthy, margins are solid and recent progress on non food channel leakage is encouraging. Analyst Commentary Recent research around the A$23 price target highlights a mix of confidence in Coles Group’s current setup and caution around execution risks and competition.
Narrative Update Mar 29

COL: Firm Margins And Lower Leakage Are Expected To Sustain Fair Value

Analysts have lifted their price target for Coles Group to A$23, reflecting updated views that relatively healthy growth, firm margins and progress in reducing non food channel leakage support a somewhat higher valuation multiple and a slightly lower discount rate in current models. Analyst Commentary Bullish Takeaways Bullish analysts see the A$23 price target as supported by relatively healthy growth, which they view as sufficient to underpin the revised valuation rather than stretching it.
Narrative Update Mar 15

COL: Margin Strength And Non Food Leakage Progress Will Support Future Upside

Analysts have trimmed their fair value estimate for Coles Group slightly, to about A$22.75 from A$22.85. This reflects updated assumptions for discount rates, revenue growth, profit margins and future P/E, while citing relatively healthy growth, solid margins and progress in non food channel leakage as key drivers for their latest price targets.
Narrative Update Mar 01

COL: Margin Strength And Reduced Channel Leakage Will Support Future Upside

Analysts have trimmed their fair value estimate for Coles Group to A$22.85 from A$23.41. They link the change to a slightly higher discount rate, marginally softer revenue growth and profit margin assumptions, and only a small adjustment to future P/E expectations, even as recent research highlights relatively healthy growth, strong margins and progress in reducing non food channel leakage.
New Narrative Feb 26

A high-quality defensive business with limited growth but strong cash generation.

Coles Group (ASX: COL): A high-quality defensive business with limited growth but strong cash generation Coles is one of Australia’s dominant supermarket operators, generating most of its revenue from food and everyday essentials, a segment where demand remains relatively stable regardless of economic conditions. This makes the company a classic defensive business, supported by scale, a nationwide store network and strong private-label penetration.
Analysis Article Jan 09

Investor Optimism Abounds Coles Group Limited (ASX:COL) But Growth Is Lacking

Coles Group Limited's ( ASX:COL ) price-to-earnings (or "P/E") ratio of 26.1x might make it look like a sell right now...
Analysis Article Dec 19

Returns On Capital At Coles Group (ASX:COL) Have Hit The Brakes

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Analysis Article Nov 30

Coles Group Limited's (ASX:COL) Intrinsic Value Is Potentially 54% Above Its Share Price

Key Insights The projected fair value for Coles Group is AU$34.47 based on 2 Stage Free Cash Flow to Equity Coles...
Analysis Article Oct 31

Does Coles Group (ASX:COL) Have A 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 18

Coles Group Limited (ASX:COL) Investors Are Less Pessimistic Than Expected

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 20x, you may consider...
Analysis Article Aug 29

Coles Group (ASX:COL) Is Due To Pay A Dividend Of A$0.32

Coles Group Limited ( ASX:COL ) has announced that it will pay a dividend of A$0.32 per share on the 22nd of September...
Narrative Update Aug 27

Digital Expansion And Cost Optimization Will Strengthen Future Operations

The upward revision in Coles Group’s fair value reflects improved consensus expectations for both revenue growth and net profit margin, resulting in the analyst price target rising from A$21.49 to A$23.32. Valuation Changes Summary of Valuation Changes for Coles Group The Consensus Analyst Price Target has risen from A$21.49 to A$23.32.
Analysis Article Aug 24

A Look At The Fair Value Of Coles Group Limited (ASX:COL)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Coles Group fair value estimate is AU$23.82 Current share...
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New Narrative Aug 12

Coles (ASX: COL): Safe, Steady, and Surprisingly Cheap

The supermarket chain Coles is the kind of “boring” business that may have been overlooked as an investment opportunity. Although it was divested from Wesfarmers in 2018, Coles’ heritage traces back t
Analysis Article Aug 06

Coles Group (ASX:COL) Shareholders Will Want The ROCE Trajectory To Continue

ASX:COL 1 Year Share Price vs Fair Value Explore Coles Group's Fair Values from the Community and select yours To find...
Analysis Article Jul 02

These 4 Measures Indicate That Coles Group (ASX:COL) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
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New Narrative Feb 09

Future Supply Chain Efficiency Will Improve Due To ADCs And CFCs Investments

Investments in digital assets and initiatives in distribution centers are expected to enhance e-commerce and supply chain efficiency, boosting revenue and reducing costs.

CEO Compensation Analysis

How has Leah Weckert's remuneration changed compared to Coles Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jan 04 2026n/an/a

AU$1b

Oct 04 2025n/an/a

AU$1b

Jun 29 2025AU$5mAU$2m

AU$1b

Mar 29 2025n/an/a

AU$1b

Jan 05 2025n/an/a

AU$1b

Oct 05 2024n/an/a

AU$1b

Jun 30 2024AU$5mAU$2m

AU$1b

Dec 31 2023n/an/a

AU$1b

Sep 30 2023n/an/a

AU$1b

Jun 25 2023AU$3mAU$1m

AU$1b

Jan 01 2023n/an/a

AU$1b

Oct 01 2022n/an/a

AU$1b

Jun 26 2022AU$3mAU$960k

AU$1b

Mar 26 2022n/an/a

AU$1b

Jan 02 2022n/an/a

AU$998m

Oct 02 2021n/an/a

AU$1b

Jun 27 2021AU$3mAU$928k

AU$1b

Mar 27 2021n/an/a

AU$1b

Jan 03 2021n/an/a

AU$1b

Oct 03 2020n/an/a

AU$1b

Jun 28 2020AU$3mAU$900k

AU$978m

Mar 28 2020n/an/a

AU$1b

Jan 05 2020n/an/a

AU$1b

Oct 05 2019n/an/a

AU$1b

Jun 30 2019AU$2mAU$687k

AU$1b

Compensation vs Market: Leah's total compensation ($USD3.74M) is about average for companies of similar size in the Australian market ($USD3.89M).

Compensation vs Earnings: Leah's compensation has been consistent with company performance over the past year.


CEO

Leah Weckert (47 yo)

3.1yrs
Tenure
AU$5,415,598
Compensation

Ms. Leah Weckert, BEng (Hons), BSc, MBA, GAICD, serves as CEO, MD and Director at Coles Group Limited since May 01, 2023. She served as Chief Executive of Commercial & Express at Coles Group Limited since...


Leadership Team

NamePositionTenureCompensationOwnership
Leah Weckert
CEO, MD & Director3.1yrsAU$5.42m0.044%
A$ 14.1m
Sharbel Elias
Chief Financial Officer4.3yrsAU$3.12m0.0077%
A$ 2.5m
Matthew Swindells
Chief Operations & Supply Chain Officer7.4yrsAU$3.03m0.016%
A$ 5.1m
Anna Croft
Chief Commercial & Sustainability Officer2.4yrsAU$3.55mno data
Mark Howell
General Manager of Investor Relationsno datano datano data
David Brewster
Chief Legal & Safety Officerno datano datano data
Deborah Yates
Chief People Officer1.4yrsno datano data
Michael Courtney
Chief Customer Experience Officer3.4yrsno datano data
Claire Lauber
Chief Executive of Liquor1yrno datano data
Daniella Pereira
Group Company Secretary7.6yrsno datano data
Archibald Norman
Advisor to the Boardno datano datano data
3.4yrs
Average Tenure

Experienced Management: COL's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Leah Weckert
CEO, MD & Director3.1yrsAU$5.42m0.044%
A$ 14.1m
Richard Freudenstein
Independent Non-Executive Director7.6yrsAU$288.00k0.0019%
A$ 597.2k
Andrew Penn AO
Non-Executive Director2.5yrsAU$288.03k0.0019%
A$ 597.2k
Peter Allen
Non-Executive Chairman1.8yrsAU$288.74k0.0015%
A$ 475.8k
Scott Anthony Price
Independent Non-Executive Director3.7yrsAU$259.00k0.0016%
A$ 501.4k
Abigail Cleland
Independent Non-Executive Director7.6yrsAU$259.69k0.0015%
A$ 472.6k
Jacqueline Chow
Independent Non Executive Director7.6yrsAU$259.77k0.0013%
A$ 405.6k
Wendy Stops
Non-Executive Independent Director7.6yrsAU$260.13k0.0026%
A$ 833.5k
5.6yrs
Average Tenure
62yo
Average Age

Experienced Board: COL's board of directors are considered experienced (5.6 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/24 08:46
End of Day Share Price 2026/06/24 00:00
Earnings2026/01/04
Annual Earnings2025/06/29

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Coles Group Limited is covered by 20 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas KierathBarrenjoey Markets Pty Limited
Jonathan SnapeBell Potter
David ErringtonBofA Global Research