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Wesfarmers

ASX:WES
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WES
ASX
A$50B
Market Cap
  1. Home
  2. AU
  3. Consumer Retailing
2018/01/19
Company description

Wesfarmers Limited engages in the retail, coal mining and production, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacturing, and investment businesses in Australia, New Zealand, the United Kingdom, and internationally. More info.


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  • Wesfarmers's last earnings update was 203 days ago.

Value

 Is Wesfarmers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wesfarmers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.

How is this discounted cash flow calculated?

Current Discount
Amount off the current price Wesfarmers is available for.
Intrinsic value
3%
Share price is A$43.72 vs Future cash flow value of A$45.04
Current Discount Checks
For Wesfarmers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wesfarmers's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Wesfarmers's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wesfarmers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wesfarmers's earnings available for a low price, and how does this compare to other companies in the same industry?
  • Wesfarmers is good value based on earnings compared to the Global Consumer Retailing industry average.
  • Wesfarmers is good value based on earnings compared to the AU market.
Price based on expected Growth
Does Wesfarmers's expected growth come at a high price?
  • Wesfarmers is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wesfarmers's assets?
  • Wesfarmers is good value based on assets compared to the Global Consumer Retailing industry average.
X
Value checks
We assess Wesfarmers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Wesfarmers has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
    Note 2: PEG ratio is based on analysts EPS growth expectations in 1 year (0.64%).

    Full details on the Value part of the Simply Wall St company analysis model.
X
Discounted cash flow (2 Stage Free Cash Flow to Equity)

The calculations below outline how an intrinsic value for Wesfarmers is arrived at by discounting future cash flows to their present value. We use analyst's estimates of cash flows going forward 5 years.

See our documentation to learn about this calculation.

5 year cash flow forecast

Present value of next 5 years cash flows:
A$12,025

Terminal Value

Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g)

Terminal Value = A$3,316 × (1 + 2.76%) ÷ (8.55% – 2.76%)

Terminal value based on the Perpetuity Method where growth (g) = 2.76%:
A$58,840

Present value of terminal value:
A$39,038

Equity Value

Equity Value (Total value) = Present value of next 5 years cash flows + terminal value
A$51,063 = A$12,025 + A$39,038

Value = Total value / Shares Outstanding (A$51,063 / 1,134)

Discount to Share Price

Value per share:
A$45.04

Current discount (share price of A$43.72): 2.92%



Estimate of Discount Rate

The discount rate, or required rate of return, is estimated by calculating the Cost of Equity.

Discount rate = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)

Discount rate = 8.55% = 2.76% + (0.8 * 7.24%)



Estimate of Bottom Up Beta

The Levered Beta is the Unlevered Beta adjusted for financial leverage. It is limited to 0.8 to 2.0 (practical range for a stable firm). Note the market value of equity is used not the book value (A$49,571,484,800).

Levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))

0.559 = 0.519 (1 + (1- 30%) (10.92%))

Levered Beta used in calculation = 0.8



Assumptions
  1. The risk free rate of 2.76% is from the 10 year government bond rate in AUD.
  2. The bottom-up beta is estimated by analysing other companies in the same industry.
  3. The Equity Risk Premium is calculated by subtracting the risk free rate from the market return premium (7.24%) (source: Buffet).
  4. The dividend discount model is automatically used for companies in the following industries: Banks, Insurance, Real Estate Investment Trusts (REITs), Diversified Financial Services and Capital Markets.

Future Performance

 How is Wesfarmers expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wesfarmers expected to grow at an attractive rate?
  • Wesfarmers's earnings growth is positive but not above the low risk savings rate of 4.6%.
Growth vs Market Checks
  • Wesfarmers's earnings growth is positive but not above the AU market average.
  • Wesfarmers's revenue growth is positive but not above the AU market average.
Annual Growth Rates Comparison
Analysts growth expectations
Super high growth metrics
High Growth Checks
  • Wesfarmers's earnings are expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
  • Wesfarmers's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Wesfarmers is not expected to perform strongly, Return on Equity (ROE) in 3 years is estimated to be below 20%.

Improvement & Relative to industry
  • Performance (ROE) is expected to be above the current Global Consumer Retailing industry average.
  • A decline in Wesfarmers's performance (ROE) is expected over the next 3 years.
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Future performance checks
We assess Wesfarmers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the XX market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the XX market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wesfarmers has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Wesfarmers performed over the past 5 years?

  • Wesfarmers's last earnings update was 203 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wesfarmers's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wesfarmers's year on year growth rate is negative over the past 5 years, however the most recent earnings are above average.
  • Wesfarmers's 1 year earnings growth exceeds its 5 year annual average (605.9% vs -5.2%)
  • Wesfarmers's earnings growth has exceeded the Global Consumer Retailing industry average in the past year (605.9% vs 8.5%).
Earnings and Revenue History
Wesfarmers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Poor return on shareholders funds (ROE < 20%) last year.
  • Wesfarmers performed above the Global Consumer Retailing industry average based on Return on Assets (ROA) last year.
  • Performance based on Return on Capital Employed (ROCE) has been diminishing over 3 years.
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Past performance checks
We assess Wesfarmers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wesfarmers has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Wesfarmers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wesfarmers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wesfarmers's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Wesfarmers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wesfarmers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of stock/ inventory/ unsold assets.
  • Total debt is covered by total short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
  • Wesfarmers's level of debt (22.6% of total debt) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (22.3% vs 22.6% today).
  • Total debt is well covered by annual operating cash flow (78.1%, greater than 20% of total debt).
  • Interest on debt is well covered by earnings (EBIT is 18.3x coverage).
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Financial health checks
We assess Wesfarmers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by short term assets? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wesfarmers has a total score of 4/6, see the detailed checks below.


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Wesfarmers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.49%
Current annual income from Wesfarmers dividends. Estimated to be 5.23% next year.
If you bought A$2,000 of Wesfarmers shares you are expected to receive A$110 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Paying above low risk savings rate (3%).
  • Paying above markets top dividend payers (4.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wesfarmers's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by net profit (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by net profit (1.2x coverage).
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Income/ dividend checks
We assess Wesfarmers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.5%) - if not then the rest of the checks are ignored.
  2. Current dividend yield, is there one at all, is it higher than the low risk savings rate, and is it above the top 25% of dividend payers? (2 checks)
  3. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  4. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  5. How sustainable is the dividend, can Wesfarmers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  6. Wesfarmers has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Wesfarmers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Scott, image provided by Google.
Rob Scott
COMPENSATION A$5,607,627
AGE 47
TENURE AS CEO 0.2 years
CEO Bio

Mr. Robert G. Scott, also known as Rob, has been Managing Director of Wesfarmers Limited since November 14, 2017. Mr. Scott served as Deputy Chief Executive Officer at Wesfarmers Limited since February 14, 2017 until November 14, 2017. Mr. Scott served as Managing Director of Wesfarmers Industrials Division at Wesfarmers Limited since August 2015 until July 1, 2017. Mr. Scott served as Managing Director of Wesfarmers Chemicals, Energy & Fertilisers at Wesfarmers Limited since August 2015. Mr. Scott served as Finance Director of Coles at Wesfarmers Limited since February 1, 2013. He served as Finance Director at Coles Group Limited since February 1, 2013. Mr. Scott served as Managing Director of Financial Services at Wesfarmers Limited. He joined Wesfarmers in 1993. He has experience in investment banking and financial services with Deutsche Bank in Australia and Asia. He rejoined Wesfarmers in business development in 2004. Mr. Scott served as Managing Director of Insurance Division at Wesfarmers Ltd. from 2007 to February 2013. He served as Deputy Managing Director of Insurance Division of Wesfarmers Ltd. since June 2007 and Executive General Manager of Strategic Development for its Insurance Division since May 2006. Mr. Buckley worked for Wesfarmers from 1993 to 1994. Mr. Scott started with Wesfarmers in 1993 before moving into investment banking, where he held various roles in corporate finance and mergers and acquisitions in Australia and Asia. He rejoined Wesfarmers in business development in 2004. He served as the President of the Insurance Council of Australia. He served as Chairman of the Board at Lumley General Insurance (N.Z.) Limited. He served as a Director of the Insurance Council of Australia. He is dual Olympian in the sport of rowing and was a silver medallist at the Atlanta Olympics.

CEO Compensation
  • Rob's compensation has increased by more than 20% in the past year.
  • Rob's compensation appears reasonable.
Management Team Tenure

Average tenure and age of the Wesfarmers management team in years:

1.6
Average Tenure
51.1
Average Age
  • The average tenure for the Wesfarmers management team is less than 2 years, this suggests a new team.
Management Team

Rob Scott

TITLE
Managing Director
COMPENSATION
A$6M
AGE
47
TENURE
0.2 yrs

Guy Russo

TITLE
CEO of Department Stores Division & MD of Target
COMPENSATION
A$6M
AGE
57

John Durkan

TITLE
Managing Director of Coles Division
COMPENSATION
A$6M
AGE
53
TENURE
3.5 yrs

Mike Schneider

TITLE
MD of Bunnings Group and MD of Bunnings Australia & New Zeland
COMPENSATION
A$1M
AGE
46
TENURE
1.8 yrs

Richard Goyder

TITLE
Executive Officer
COMPENSATION
A$12M
AGE
57
TENURE
0.2 yrs

Anthony Gianotti

TITLE
Chief Financial Officer
AGE
48
TENURE
0.2 yrs

Aleksandra Spaseska

TITLE
General Manager of Investor Relations

Maya vanden Driesen

TITLE
Group General Counsel
TENURE
3 yrs

Olivier Chretien

TITLE
Managing Director of Business Development and Corporate Planning
AGE
50
TENURE
2.4 yrs

Jenny Bryant

TITLE
Chief Human Resources Officer
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Wesfarmers board of directors in years:

8.3
Average Tenure
60.9
Average Age
  • The tenure for the Wesfarmers board of directors is about average.
Board of Directors

Michael Chaney

TITLE
Chairman
COMPENSATION
A$768K
AGE
67
TENURE
2.2 yrs

Tony Howarth

TITLE
Independent Non-Executive Director
COMPENSATION
A$415K
AGE
66
TENURE
10.5 yrs

Diane Smith-Gander

TITLE
Independent Non-Executive Director
COMPENSATION
A$399K
AGE
59
TENURE
8.4 yrs

Wayne Osborn

TITLE
Independent Non-Executive Director
COMPENSATION
A$285K
AGE
66
TENURE
7.8 yrs

James Graham

TITLE
Non-Executive Director
COMPENSATION
A$259K
AGE
69
TENURE
19.7 yrs

Vanessa Wallace

TITLE
Independent Non-Executive Director
COMPENSATION
A$259K
AGE
54
TENURE
7.5 yrs

Paul Bassat

TITLE
Independent Non-Executive Director
COMPENSATION
A$259K
AGE
49
TENURE
5.2 yrs

Jennifer Westacott

TITLE
Independent Non-Executive Director
COMPENSATION
A$273K
AGE
57
TENURE
4.8 yrs
Recent Insider Trading
  • More shares have been bought than sold by Wesfarmers insiders in the past 3 months, but not in substantial volumes.
Who owns this company?
X
Management checks
We assess Wesfarmers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wesfarmers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

Company News

External News
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Simply Wall St News

Will Wesfarmers Limited's (ASX:WES) Earnings Grow In The Years Ahead?

Below, I've laid out key growth figures on how market analysts perceive Wesfarmers's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … ASX:WES Future Profit Dec 27th 17 Although it is helpful to be aware of the rate of growth year by year relative to today’s value, it may be more insightful to evaluate the rate at which the earnings are moving every year, on average. … The slope of this line is the rate of earnings growth, which in this case is 2.75%.

Simply Wall St -

ASX Dividend Stock Picks

ASX:WES Historical Dividend Yield Dec 18th 17 Australia and New Zealand Banking Group Limited (ASX:ANZ) Australia and New Zealand Banking Group Limited, together with its subsidiaries, provides various banking and financial products and services to individual and business customers. … ASX:ANZ Historical Dividend Yield Dec 18th 17 Westpac Banking Corporation (ASX:WBC) Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. … ASX:WBC Historical Dividend Yield Dec 18th 17 For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.

Simply Wall St -

What You Must Know About Wesfarmers Limited's (ASX:WES) ROE

See our latest analysis for WES Breaking down Return on Equity Return on Equity (ROE) is a measure of WES’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ASX:WES Last Perf Dec 8th 17 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

Top Rated ASX Staples Dividend Stocks

Despite there being some hiccups, dividends per share have increased during the past 10 years. … ASX:WES Historical Dividend Yield Nov 15th 17 Woolworths Limited (ASX:WOW) WOW has a good-sized dividend yield of 3.20% and is distributing 75.84% of earnings as dividends. … ASX:CCL Historical Dividend Yield Nov 15th 17 For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.

Simply Wall St -

Investors' Favorite Dividend Stocks

ASX:WES Historical Dividend Yield Oct 31st 17 Insurance Australia Group Limited (ASX:IAG) Insurance Australia Group Limited underwrites general insurance products. … ASX:IAG Historical Dividend Yield Oct 31st 17 Navitas Limited (ASX:NVT) Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. … ASX:NVT Historical Dividend Yield Oct 31st 17 For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.

Simply Wall St -

Estimating The Intrinsic Value Of Wesfarmers Limited (ASX:WES)

5-year cash flow forecast 2017 2018 2019 2020 2021 Levered FCF (AUD, Millions) $2,751.20 $2,676.03 $3,072.63 $3,286.30 $3,304.96 Source Analyst x3 Analyst x4 Analyst x4 Analyst x4 Analyst x1 Present Value Discounted @ 8.55% $2,534.45 $2,270.99 $2,402.13 $2,366.77 $2,192.69 Present value of next 5 years cash flows: $11,767 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the 5 years. … Terminal Value Terminal Value = FCF2021 × (1 + g) ÷ (Discount Rate – g) Terminal Value = $3,305 × (1 + 2.8%) ÷ (8.6% – 2.8%) Terminal value based on the Perpetuity Method where growth (g) = 2.8%: $58,636 Present value of terminal value: $38,902 So the total value is the sum of the next 5 years cash flows and the terminal value discounted to today, this is known as the Equity Value. … Equity Value Equity Value (Total value) = Present value of next 5 years cash flows + terminal value = $11,767 + $38,902 = $50,669 To get the intrinsic value we divide this by the total number of shares outstanding, or the equivalent number if this is a depositary receipt or ADR to get the intrinsic value per share.

Simply Wall St -

Company Info

Map
Description

Wesfarmers Limited engages in the retail, coal mining and production, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacturing, and investment businesses in Australia, New Zealand, the United Kingdom, and internationally. The company operates 801 Coles supermarkets; 883 liquor stores under the Liquorland, Vintage Cellars, and First Choice Liquor brands; 89 hotels; 702 convenience outlets; and an online supermarket. It also offers home, car, and landlord insurance products, as well as credit cards; home improvement and outdoor living products through warehouse stores, smaller format stores, trade centers, and frame and truss sites under the Bunnings name; apparel, homewares, and general merchandise through 303 Target stores and 220 Kmart stores, as well as through online; automotive services, repairs, and tires through 251 Kmart Tyre & Auto Service centers; and office products and solutions through Officeworks stores. In addition, the company supplies building materials; retails office and technology products; manufactures and supplies ammonia, ammonium nitrate, industrial chemicals, sodium cyanide, polyvinyl chloride resins, and wood-plastic composite decking and screening products; extracts and distributes LPG and LNG; and manufactures, imports, and distributes phosphate, nitrogen, and potassium-based fertilizers. Further, the company supplies industrial supplies and safety products; provides risk management and compliance services; offers industrial and corporate workwear; distributes industrial gas; and holds interests in the Curragh and the Bengalla coal mines. Wesfarmers Limited was founded in 1914 and is based in Perth, Australia.

Details
Name: Wesfarmers Limited
WES
Exchange: ASX
Founded: 1914
A$49,571,484,800
1,133,840,000
Website: http://www.wesfarmers.com.au
Address: Wesfarmers Limited
Brookfield Place Tower 2,
Level 14,
Perth,
Western Australia, 6000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX WES Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK WFAF.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB WF3 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA WES Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
OTCPK WFAF.Y ADR NEW 2014 Pink Sheets LLC US USD 16. Oct 2008
Number of employees
Current staff
Staff numbers
223,000
Wesfarmers employees.
Industry
Hypermarkets and Super Centers
Consumer Retailing
Company Analysis and Financial Data Status
Area Date
Company Analysis updated: 2018/01/19
Last estimates confirmation: 2018/01/14
Last earnings update: 2017/06/30
Last annual earnings update: 2017/06/30


All dates in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.