Wesfarmers Future Growth

Future criteria checks 2/6

Wesfarmers is forecast to grow earnings and revenue by 8.9% and 3.8% per annum respectively. EPS is expected to grow by 8.8% per annum. Return on equity is forecast to be 34.7% in 3 years.

Key information

8.9%

Earnings growth rate

8.8%

EPS growth rate

Multiline Retail earnings growth	9.2%
Revenue growth rate	3.8%
Future return on equity	34.7%
Analyst coverage	Good
Last updated	21 May 2024

Recent future growth updates

Wesfarmers Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Feb 16

Earnings Beat: Wesfarmers Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 19

Recent updates

Some Shareholders Feeling Restless Over Wesfarmers Limited's (ASX:WES) P/E Ratio

May 03

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

Apr 15

Wesfarmers (ASX:WES) Looks To Prolong Its Impressive Returns

Mar 10

Wesfarmers (ASX:WES) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Feb 21

Wesfarmers Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Feb 16

Here's Why We Think Wesfarmers (ASX:WES) Might Deserve Your Attention Today

Jan 25

Unpleasant Surprises Could Be In Store For Wesfarmers Limited's (ASX:WES) Shares

Dec 19

These 4 Measures Indicate That Wesfarmers (ASX:WES) Is Using Debt Reasonably Well

Jun 08

Should You Be Adding Wesfarmers (ASX:WES) To Your Watchlist Today?

Apr 12

Calculating The Fair Value Of Wesfarmers Limited (ASX:WES)

Mar 25

These 4 Measures Indicate That Wesfarmers (ASX:WES) Is Using Debt Reasonably Well

Mar 07

Wesfarmers Limited's (ASX:WES) Intrinsic Value Is Potentially 18% Below Its Share Price

Dec 23

We Discuss Why Wesfarmers Limited's (ASX:WES) CEO May Deserve A Higher Pay Packet

Oct 20

Wesfarmers (ASX:WES) Has A Pretty Healthy Balance Sheet

Oct 12

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

Sep 21

Wesfarmers' (ASX:WES) Upcoming Dividend Will Be Larger Than Last Year's

Aug 30

We Think Wesfarmers (ASX:WES) Can Stay On Top Of Its Debt

Jun 26

Wesfarmers Limited's (ASX:WES) Intrinsic Value Is Potentially 64% Above Its Share Price

Jun 08

If You Like EPS Growth Then Check Out Wesfarmers (ASX:WES) Before It's Too Late

May 21

Wesfarmers (ASX:WES) Seems To Use Debt Quite Sensibly

Mar 28

Wesfarmers Limited's (ASX:WES) Intrinsic Value Is Potentially 47% Above Its Share Price

Mar 09

I Built A List Of Growing Companies And Wesfarmers (ASX:WES) Made The Cut

Feb 20

Wesfarmers (ASX:WES) Could Easily Take On More Debt

Dec 19

A Look At The Fair Value Of Wesfarmers Limited (ASX:WES)

Dec 01

Should You Be Adding Wesfarmers (ASX:WES) To Your Watchlist Today?

Nov 01

We Take A Look At Whether Wesfarmers Limited's (ASX:WES) CEO May Be Underpaid

Oct 14

Is Wesfarmers Limited (ASX:WES) Trading At A 25% Discount?

Aug 15

Calculating The Fair Value Of Wesfarmers Limited (ASX:WES)

May 16

We Think Wesfarmers (ASX:WES) Can Manage Its Debt With Ease

Apr 19

Should Weakness in Wesfarmers Limited's (ASX:WES) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

Mar 09

Earnings Beat: Wesfarmers Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 19

Here's Why Wesfarmers' (ASX:WES) Statutory Earnings Are Arguably Too Conservative

Feb 05

A Look At The Fair Value Of Wesfarmers Limited (ASX:WES)

Jan 21

Know This Before Buying Wesfarmers Limited (ASX:WES) For Its Dividend

Jan 06

Earnings and Revenue Growth Forecasts

ASX:WES - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	47,647	3,111	3,603	4,733	14
6/30/2025	45,709	2,814	2,838	4,350	15
6/30/2024	44,004	2,579	2,831	4,410	15
12/31/2023	43,665	2,506	3,917	5,106	N/A
9/30/2023	43,608	2,486	3,404	4,643	N/A
6/30/2023	43,550	2,465	2,891	4,179	N/A
3/31/2023	42,594	2,494	2,185	3,448	N/A
12/31/2022	41,638	2,523	1,479	2,716	N/A
9/30/2022	39,238	2,438	1,318	2,509	N/A
6/30/2022	36,838	2,352	1,157	2,301	N/A
3/31/2022	35,382	2,278	1,406	2,512	N/A
12/31/2021	33,925	2,203	1,654	2,723	N/A
9/30/2021	33,933	2,292	2,071	3,053	N/A
6/30/2021	33,941	2,380	2,487	3,383	N/A
3/31/2021	33,656	2,133	3,148	4,007	N/A
12/31/2020	33,371	1,885	3,809	4,631	N/A
9/30/2020	32,109	1,754	3,744	4,589	N/A
6/30/2020	30,846	1,622	3,679	4,546	N/A
3/31/2020	29,814	1,805	2,843	3,704	N/A
12/31/2019	28,781	1,987	2,006	2,862	N/A
9/30/2019	28,351	1,964	1,684	2,790	N/A
6/30/2019	27,920	1,940	1,362	2,718	N/A
3/31/2019	27,629	1,876	N/A	N/A	N/A
12/31/2018	27,337	1,811	1,404	3,170	N/A
9/30/2018	27,050	1,610	1,835	3,625	N/A
6/30/2018	26,763	1,409	2,265	4,080	N/A
12/31/2017	43,810	1,861	2,714	4,475	N/A
9/30/2017	54,362	2,311	N/A	4,351	N/A
6/30/2017	64,913	2,760	N/A	4,226	N/A
3/31/2017	67,940	1,732	N/A	3,918	N/A
12/31/2016	67,436	591	N/A	3,609	N/A
9/30/2016	66,709	499	N/A	3,487	N/A
6/30/2016	65,981	407	N/A	3,365	N/A
3/31/2016	64,960	1,432	N/A	3,640	N/A
12/31/2015	63,939	2,457	N/A	3,914	N/A
9/30/2015	63,193	2,449	N/A	3,853	N/A
6/30/2015	62,447	2,440	N/A	3,791	N/A
3/31/2015	61,928	2,028	N/A	N/A	N/A
12/31/2014	61,408	1,615	N/A	3,750	N/A
9/30/2014	60,795	1,563	N/A	3,488	N/A
6/30/2014	60,181	1,510	N/A	3,226	N/A
12/31/2013	57,878	2,114	N/A	3,481	N/A
9/30/2013	57,814	2,121	N/A	3,706	N/A
6/30/2013	57,749	2,128	N/A	3,931	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WES's forecast earnings growth (8.9% per year) is above the savings rate (2.3%).

Earnings vs Market: WES's earnings (8.9% per year) are forecast to grow slower than the Australian market (13.7% per year).

High Growth Earnings: WES's earnings are forecast to grow, but not significantly.

Revenue vs Market: WES's revenue (3.8% per year) is forecast to grow slower than the Australian market (5% per year).

High Growth Revenue: WES's revenue (3.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WES's Return on Equity is forecast to be high in 3 years time (34.7%)

Wesfarmers Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Wesfarmers Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Price target increased by 8.1% to AU$56.91

Price target decreased to AU$52.30

Price target decreased to AU$52.30

Wesfarmers Limited Provides Preliminary Earnings Guidance for the Half Year Ended December 31, 2021

Earnings Beat: Wesfarmers Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Recent updates

Some Shareholders Feeling Restless Over Wesfarmers Limited's (ASX:WES) P/E Ratio

Wesfarmers Limited Announces Executive Changes

Wesfarmers Reportedly Runs the Ruler over Ramsay Health Care

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

Wesfarmers (ASX:WES) Looks To Prolong Its Impressive Returns

Wesfarmers (ASX:WES) Is Posting Promising Earnings But The Good News Doesn’t Stop There

First half dividend increased to AU$0.91

Wesfarmers Limited Announces Dividend for the Six Months Ended December 31, 2023, Payable on March 27, 2024

First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Wesfarmers Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Price target increased by 8.1% to AU$56.91

Here's Why We Think Wesfarmers (ASX:WES) Might Deserve Your Attention Today

Unpleasant Surprises Could Be In Store For Wesfarmers Limited's (ASX:WES) Shares

Wesfarmers Limited, Annual General Meeting, Oct 31, 2024

Do Wesfarmers' (ASX:WES) Earnings Warrant Your Attention?

Calculating The Fair Value Of Wesfarmers Limited (ASX:WES)

Wesfarmers (ASX:WES) Seems To Use Debt Quite Sensibly

TPG Capital Reportedly Tests Buyer Interest for the $3.5 Billion-Plus Greencross

Wesfarmers' (ASX:WES) Upcoming Dividend Will Be Larger Than Last Year's

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Wesfarmers Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable on October 5, 2023

If EPS Growth Is Important To You, Wesfarmers (ASX:WES) Presents An Opportunity

Wesfarmers Limited Announces Management Changes

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

These 4 Measures Indicate That Wesfarmers (ASX:WES) Is Using Debt Reasonably Well

Wesfarmers Reportedly Among Suitors for Alinta Assets

MD, CEO & Director recently sold AU$9.0m worth of stock

Should You Be Adding Wesfarmers (ASX:WES) To Your Watchlist Today?

Calculating The Fair Value Of Wesfarmers Limited (ASX:WES)

These 4 Measures Indicate That Wesfarmers (ASX:WES) Is Using Debt Reasonably Well

First half 2023 earnings: EPS and revenues exceed analyst expectations

Wesfarmers Limited, Annual General Meeting, Oct 26, 2023

Wesfarmers Limited to Report Q2, 2023 Results on Feb 15, 2023

Wesfarmers Limited's (ASX:WES) Intrinsic Value Is Potentially 18% Below Its Share Price

We Discuss Why Wesfarmers Limited's (ASX:WES) CEO May Deserve A Higher Pay Packet

Wesfarmers Limited to Report Fiscal Year 2023 Results on Aug 25, 2023

Wesfarmers (ASX:WES) Has A Pretty Healthy Balance Sheet

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

Independent Non-Executive Director recently bought AU$53k worth of stock

Wesfarmers' (ASX:WES) Upcoming Dividend Will Be Larger Than Last Year's

Wesfarmers Limited Announces Ordinary Fully Franked Dividend for the Period of Six Months Ended June 20, 2022, Payable on October 6, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Wesfarmers Limited, Annual General Meeting, Oct 27, 2022

We Think Wesfarmers (ASX:WES) Can Stay On Top Of Its Debt

Wesfarmers Limited's (ASX:WES) Intrinsic Value Is Potentially 64% Above Its Share Price

If You Like EPS Growth Then Check Out Wesfarmers (ASX:WES) Before It's Too Late

Price target decreased to AU$52.30

Less than half of directors are independent

An unknown buyer acquired a 2.1% stake in Coles Group Limited (ASX:COL) from Wesfarmers Limited (ASX:WES).

JB Hi-Fi Reportedly Enters the Jaycar Race

Wesfarmers (ASX:WES) Seems To Use Debt Quite Sensibly

Price target decreased to AU$52.30

Non Executive Director recently bought AU$244k worth of stock

Wesfarmers Limited's (ASX:WES) Intrinsic Value Is Potentially 47% Above Its Share Price

Non-Executive Director recently bought AU$80k worth of stock

I Built A List Of Growing Companies And Wesfarmers (ASX:WES) Made The Cut

First half 2022 earnings: EPS and revenues exceed analyst expectations

Wesfarmers Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 30, 2022

Wesfarmers Limited Provides Preliminary Earnings Guidance for the Half Year Ended December 31, 2021

Wesfarmers (ASX:WES) Could Easily Take On More Debt

A Look At The Fair Value Of Wesfarmers Limited (ASX:WES)

Upcoming dividend of AU$2.00 per share

Should You Be Adding Wesfarmers (ASX:WES) To Your Watchlist Today?

We Take A Look At Whether Wesfarmers Limited's (ASX:WES) CEO May Be Underpaid

Less than half of directors are independent

Independent Non-Executive Director recently bought AU$114k worth of stock

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board