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Coles Group

DB:2OF
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2OF
DB
A$17B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Coles Group Limited operates as a retailer in Australia. The last earnings update was 4218 days ago. More info.


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2OF Share Price and Events
7 Day Returns
2.1%
DB:2OF
-0.5%
Europe Consumer Retailing
2.4%
DE Market
1 Year Returns
-
DB:2OF
0.9%
Europe Consumer Retailing
-6.2%
DE Market
2OF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coles Group (2OF) 2.1% 8.7% - - - -
Europe Consumer Retailing -0.5% -0.5% 2.2% 0.9% -4.5% -8.5%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • No trading data on 2OF.
  • No trading data on 2OF.
Price Volatility
Industry
5yr Volatility vs Market

2OF Value

 Is Coles Group 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 Coles Group 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Coles Group.

DB:2OF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2OF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 30%) (0%))
0.642
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:2OF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Coles Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:2OF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5%)
2019 1,040.44 Analyst x5 990.93
2020 713.40 Analyst x6 647.12
2021 780.94 Analyst x5 674.68
2022 916.00 Analyst x1 753.71
2023 893.85 Est @ -2.42% 700.49
2024 879.33 Est @ -1.62% 656.32
2025 869.93 Est @ -1.07% 618.41
2026 864.02 Est @ -0.68% 584.98
2027 860.50 Est @ -0.41% 554.88
2028 858.64 Est @ -0.22% 527.33
Present value of next 10 years cash flows A$6,708.86
DB:2OF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$858.64 × (1 + 0.23%) ÷ (5% – 0.23%)
A$18,049.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$18,049.37 ÷ (1 + 5%)10
A$11,084.97
DB:2OF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$6,708.86 + A$11,084.97
A$17,793.82
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$17,793.82 / 1,333.93
A$13.34
DB:2OF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2OF represents 0.62667x of ASX:COL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.62667x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 13.34 x 0.62667
€8.36
Value per share (EUR) From above. €8.36
Current discount Discount to share price of €7.80
= -1 x (€7.80 - €8.36) / €8.36
6.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Coles Group is available for.
Intrinsic value
7%
Share price is €7.8 vs Future cash flow value of €8.36
Current Discount Checks
For Coles Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Coles Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Coles Group'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 Coles Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coles Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2OF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2007-07-29) in AUD Not available
ASX:COL Share Price ** ASX (2019-04-18) in AUD A$12.45
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coles Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Coles Group, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Coles Group's expected growth come at a high price?
Raw Data
DB:2OF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
Not available
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Coles Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Coles Group's assets?
Raw Data
DB:2OF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2007-07-29) in AUD Not available
ASX:COL Share Price * ASX (2019-04-18) in AUD A$12.45
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.58x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x

* Primary Listing of Coles Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PB ratio to the industry average as no data exists.
X
Value checks
We assess Coles Group'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. Coles Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

2OF Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Coles Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12%
Expected Consumer Retailing industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coles Group expected to grow at an attractive rate?
  • Unable to compare Coles Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Coles Group's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Coles Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2OF Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2OF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 years ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2OF Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 44,127 1,027 1
2022-06-30 42,278 1,963 1,106 3
2021-06-30 39,749 1,741 960 9
2020-06-30 38,340 1,616 896 11
2019-06-30 39,493 2,153 953 11
2018-06-30
DB:2OF Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2007-07-29 34,814 943 720

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Coles Group is high growth as no earnings estimate data is available.
  • Unable to determine if Coles Group is high growth as no revenue estimate data is available.
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.
Raw Data
DB:2OF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 years ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Coles Group Company Filings, last reported 11 years ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2OF Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.77 0.77 0.77 1.00
2022-06-30 0.83 0.89 0.73 3.00
2021-06-30 0.72 0.83 0.68 8.00
2020-06-30 0.67 0.80 0.62 10.00
2019-06-30 0.71 0.92 0.56 10.00
2018-06-30
DB:2OF Past Financials Data
Date (Data in AUD Millions) EPS *
2007-07-29 0.60

*GAAP earnings excluding extraordinary items.

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.
  • Unable to establish if Coles Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Coles Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Retailing companies here
  2. Coles Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Coles Group'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Coles Group 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.

2OF Past Performance

  How has Coles Group performed over the past 5 years?

In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Coles Group has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data. You can see them here.

Show me the analysis anyway

  • Coles Group's last earnings update was 4218 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 Coles Group'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.
  • Insufficient past earnings data to establish if Coles Group's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Coles Group's 1-year growth to the 5-year average as past earnings data has not been reported.
  • Unable to compare Coles Group's 1-year growth to the Europe Consumer Retailing industry average as past earnings data has not been reported.
Earnings and Revenue History
Coles Group'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.
Raw Data

All data from Coles Group Company Filings, last reported 11 years ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2OF Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2007-07-29 34,814.40 720.10 7,697.30

*GAAP earnings excluding extraordinary items.

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.
  • Unable to establish if Coles Group has efficiently used shareholders’ funds last year as no Return on Equity data is available.
  • Unable to establish if Coles Group has efficiently used its assets last year compared to the Europe Consumer Retailing industry average (Return on Assets) as past financial data has not been reported.
  • Unable to establish if Coles Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.

Next steps:

  1. Past financial records are usually unavailable for companies that have just been established or recently publicly listed, which makes them inherently riskier. Take a look at a list of well-established companies here.
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Past performance checks
We assess Coles Group'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.
Coles Group has a total score of 0/6, 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.

2OF Health

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

In this section we usually analyse Coles Group's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Coles Group has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information. You can see them here.

Show me the analysis anyway

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 Coles Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as Coles Group has not reported sufficient balance sheet data.
  • Unable to establish if Coles Group's long term commitments exceed its cash and other short term assets as Coles Group has not reported sufficient balance sheet data.
Balance sheet
This treemap shows a more detailed breakdown of Coles Group'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.
  • Unable to establish if Coles Group has a high level of physical assets or inventory without balance sheet data.
  • Unable to verify if debt is covered by short term assets as Coles Group has not reported sufficient balance sheet data.
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.
Raw Data

All data from Coles Group Company Filings, last reported 11 years ago.

DB:2OF Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2007-07-29 3,906.80 1,485.90 547.80
  • Unable to establish if Coles Group's level of debt is high without past debt data.
  • Unable to establish if Coles Group's debt level has increased without past 5-year debt data.
  • Unable to verify if debt is well covered by operating cash flow as Coles Group has not reported sufficient balance sheet data.
  • Unable to confirm if the interest payments on Coles Group's debt are well covered by earnings due to lack of past financial data.

Next steps:

  1. Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. Coles Group's cash and debt levels may be found in its annual reports archived here.
  2. Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Coles Group's financial data was last updated here.
  3. Companies with strong financial health are considered a less risky investment. Discover these stocks here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Financial health checks
We assess Coles Group'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 operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Coles Group has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

2OF Dividends

 What is Coles Group'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
0%
Current annual income from Coles Group dividends. Estimated to be 4.22% next year.
If you bought €2,000 of Coles Group shares you are expected to receive €0 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?
  • Unable to evaluate Coles Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Coles Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
DB:2OF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2OF Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.64 2.00
2022-06-30 0.69 4.00
2021-06-30 0.61 11.00
2020-06-30 0.57 13.00
2019-06-30 0.31 11.00
2018-06-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Coles Group has not reported any payouts.
  • Unable to verify if Coles Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Coles Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Coles Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Coles Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coles Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coles Group has a total score of 0/6, see the detailed checks below.


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

2OF Management

 What is the CEO of Coles Group'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
steve Cain
COMPENSATION A$4,611,902
AGE 53
TENURE AS CEO 0.6 years
CEO Bio

Mr. Steven Cain, also known as Steve, serves as Managing Director at Coles Group Ltd. (operates independently of Wesfarmers Limited) since September 28, 2018. He serves as Director at Coles Group Limited since November 2,2018 and serves as its CEO. Mr. Cain served as Chief Executive Officer Supermarkets and Convenience at Metcash Limited from March 18, 2016 to March 15, 2018. Mr. Cain served as the Chief Executive Officer of Supermarkets at Metcash Limited since August 1, 2015 until March 17, 2016. Mr. Cain served as Group Managing Director, Food, Liquor and Fuel at Coles Group Limited. (also called as Coles Myer Ltd.) since October 2003. He has a history of leading executive positions in the retail and consumer goods markets. He has extensive commercial and operational experience in supermarket leadership as an Executive of UK supermarket chain, Asda, during its performance turnaround. He Co-founded Going Green Limited in 2002. He was a Key Member of the leadership team put together by Asda Chief Executive Archie Norman when he was appointed to Coles Group Limited. in 1999. He worked for Mr. Norman in finance for three years at UK non-food retailer, Kingfisher PLC. Over the next seven years, he held the positions of Own Brand Marketing Controller, Grocery Trading Director, Deputy Trading Director, Store Development Director and Group Marketing Director. From 1987 to 1989, he served at Bain & Company Inc. as Consultant, from 1989 to 1992 at Kingfisher PLC as Group Development Executive role included leading the acquisition of Darty in France, from 1992 to 1999 at ASDA PLC Asda Own Brand Marketing Controller roles included overhauling the overall own brand strategy, re-launching the range and re-organising internal management of development. He served as the Chairman of REDgroup Retail PTY Ltd. since September 27, 2010. He served as Grocery Trading Director introduced a more partner based relationship with big suppliers and refocused the management of grocery areas within the store resulting in Asda's biggest ever floor change. He served as Deputy Trading Director, Store Development Director (Management Board) role included improving the pace of building and refurbishing stores, improving the management of suppliers and building and reducing expenditure, Group Marketing Director - (Group Board October 1997) achieved highest awareness figures while reducing expenditure and from 1999 to 2000 at Carlton PLC as Chief Executive Officer and youngest ever Chief Executive Officer of a FTSE 100 company. He has been a Non Executive Director of REDgroup Retail PTY Ltd since July 2007. He has been a Director of A&R Whitcoulls Group Holdings PTY Ltd. since July 31, 2007. He serves on the Board of Godfreys. He served as a Director of Going Green Limited. He is Member of the World Economic Forum's Young Global Leader program. He served as a Director of Pacific Equity Partners. Mr. Cain holds a first-class Master's degree in Chemical Engineering from Imperial College, London and has also attended Executive Programs at London and Harvard Business Schools. He is a Member of the World Economic Forum's Young Global Leader program.

CEO Compensation
  • Insufficient data for steve to compare compensation growth.
  • Insufficient data for steve to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Coles Group management team in years:

0.6
Average Tenure
  • The average tenure for the Coles Group management team is less than 2 years, this suggests a new team.
Management Team

steve Cain

TITLE
MD, CEO & Director
COMPENSATION
A$5M
AGE
53
TENURE
0.6 yrs

Leah Weckert

TITLE
Chief Financial Officer
TENURE
1.1 yrs

Archie Norman

TITLE
Advisor to the Board
AGE
64
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Coles Group board of directors in years:

0.4
Average Tenure
53
Average Age
  • The average tenure for the Coles Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

James Graham

TITLE
Chairman
AGE
70
TENURE
0.4 yrs

steve Cain

TITLE
MD, CEO & Director
COMPENSATION
A$5M
AGE
53
TENURE
0.4 yrs

Dave Cheesewright

TITLE
Non Executive Director
AGE
56
TENURE
0.4 yrs

Jacqueline Chow

TITLE
Non Executive Director
TENURE
0.4 yrs

Richard Freudenstein

TITLE
Non-Executive Director
AGE
53
TENURE
0.4 yrs

Abi Cleland

TITLE
Non-Executive Director
AGE
44
TENURE
0.4 yrs

Wendy Stops

TITLE
Non-Executive Director
AGE
57
TENURE
0.4 yrs

Zlatko Todorcevski

TITLE
Non-Executive Director
AGE
50
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Coles Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Mar 19 Buy Jacqueline Chow Individual 14. Mar 19 14. Mar 19 20,000 €7.04 €140,774
14. Mar 19 Sell James Graham Individual 08. Mar 19 08. Mar 19 -800 €7.16 €-5,730
12. Mar 19 Buy Steven Cain Individual 06. Mar 19 07. Mar 19 40,000 €7.26 €286,712
05. Dec 18 Buy Zlatko Todorcevski Individual 03. Dec 18 03. Dec 18 8,695 €7.46 €64,862
04. Dec 18 Buy James Graham Individual 29. Nov 18 29. Nov 18 800 €7.95 €6,363
03. Dec 18 Buy Wendy Stops Individual 29. Nov 18 29. Nov 18 5,000 €8.11 €40,538
30. Nov 18 Buy Richard Freudenstein Individual 26. Nov 18 26. Nov 18 19,000 €8.28 €157,347
28. Nov 18 Buy Zlatko Todorcevski Individual 22. Nov 18 22. Nov 18 8,000 €7.94 €63,555
X
Management checks
We assess Coles Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to 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. Coles Group 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.

2OF News

Simply Wall St News

2OF Company Info

Description

Coles Group Limited operates as a retailer in Australia. It provides fresh food, groceries, and general merchandise through operating 809 supermarkets. The company also operates coles.com.au, an online supermarket with various delivery channels; and provides insurance, credit cards, and personal loans to Australian families. In addition, it is involved in the retailing of liquor through its 899 Liquorland, First Choice Liquor, and Vintage Cellars stores, as well as in the online liquor retailing business; and operation of 88 hotels in Queensland, Western Australia, South Australia, and New South Wales under the Spirit Hotels brand. Further, the company operates 711 fuel and convenience stores that sell Shell fuels; and a range of everyday products, such as groceries, snacks, drinks, gas bottles, firewood, and Shell oils and lubricants, as well as operates as the participating partner in the flybuys loyalty program. The company was formerly known as Coles Myer Ltd. and changed its name to Coles Group Limited in November 2006. Coles Group Limited was founded in 1914 and is based in Hawthorn East, Australia.

Details
Name: Coles Group Limited
2OF
Exchange: DB
Founded: 1914
A$10,557,890,939
1,333,929,696
Website: http://www.colesgroup.com.au
Address: Coles Group Limited
800 Toorak Road,
Hawthorn East,
Victoria, 3123,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX COL Ordinary Shares Australian Securities Exchange AU AUD 21. Nov 2018
OTCPK CLEG.F Ordinary Shares Pink Sheets LLC US USD 21. Nov 2018
DB 2OF Ordinary Shares Deutsche Boerse AG DE EUR 21. Nov 2018
Number of employees
Current staff
Staff numbers
0
Coles Group employees.
Industry
Hypermarkets and Super Centers
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:30
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2007/10/01
Last earnings reported: 2007/07/29
Last annual earnings reported: 2007/07/29


All dates and times 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.