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Wesfarmers Limited (WFAFF)

Valor Justo
Consumer CyclicalHome Improvement RetailAustralia

Fundamental

59

Preço

$75.85

Capitalização de Mercado

$83.67B

Parte 1 · Quanto vale a empresa

Visão Geral

Wesfarmers is an Australian conglomerate that owns a group of separately run retail and industrial businesses rather than making one product itself. Its best-known chains are Bunnings (hardware and home improvement), Kmart and Target (discount department stores) and Officeworks (office and stationery retail), alongside a health and pharmacy retail arm and a chemicals, energy and fertiliser manufacturing business, WesCEF. Each business keeps its own brand, stores and management, competing separately in its own market.

Como gera receita

Revenue is largely ordinary retail sales — customers paying at the checkout in thousands of Bunnings, Kmart, Target and Officeworks stores and online across Australia and New Zealand — plus industrial sales of chemicals, explosives and fertiliser to mining and farming customers. Bunnings and Kmart Group are by far the largest contributors, each generating tens of billions of Australian dollars a year; Officeworks and WesCEF are considerably smaller. Profit depends mainly on how well each division executes in its own market, not a single group-wide driver.

Vantagem competitiva

Marca · Estreita

Bunnings, by far the group's largest earner, is Australia's dominant home-improvement retailer, with a scale of stores and supplier relationships that a new entrant would take years to match, and a brand many Australian households default to without comparison shopping. That advantage is real for Bunnings but does not automatically extend to Wesfarmers' other, less dominant retail chains.

O que impulsiona a procura

Moderadamente cíclico

The group mixes defensive and discretionary demand: home-improvement and pharmacy spending tend to hold up reasonably well in a downturn, while discount department store sales at Kmart and Target and office-supplies sales at Officeworks are more sensitive to household budgets. WesCEF's chemicals and fertiliser business adds exposure to commodity prices and agricultural cycles that have little to do with Australian consumer spending at all.

Os argumentos a favor

Buyers argue that spreading across several leading retail brands and an industrial chemicals business smooths out a downturn in any single one, that Bunnings' scale advantage keeps compounding profit growth, and that FY2025's double-digit profit rise across most divisions shows the model still working.

Os argumentos contra

Sellers worry that a conglomerate this size is hard to grow quickly from its current base, that WesCEF's earnings already fell as commodity prices weakened, and that discretionary chains like Kmart, Target and Officeworks remain exposed to a slowdown in Australian household spending.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balanço & Liquidez

Receita

$46.47B

Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação

Resultado Líquido

$3.07B

Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação

Fluxo de Caixa Livre

$3.58B

Capital Próprio Total

$7.86B

Passivo Total

$12.72B

Rácio de Liquidez

1.12

Cobertura de Juros

-

Dívida/EBITDA

2.64

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Caso geralJustamente Valorizada

Valor Justo

$73.43

Preço Atual

$75.85

Margem de Segurança

-3.3%

Intervalo de Valor Justo

$60.26 - $86.60

Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.

Métodos de Estimativa

Preço-alvo dos analistas:$76.17
Fluxo de caixa descontado (DCF):$88.44
Multiplicador de lucros (P/E):$67.70
Fórmula de crescimento de Graham:$70.27
Valor da capacidade de gerar lucro (EPV):$37.84
P/B justificado:$56.44
Desconto de dividendos (Gordon):$45.84
P/FFO, fundos de operações:Dados insuficientes para o calcular
Lucros de meio de ciclo:Dados insuficientes para o calcular
Multiplicador sobre as receitas:$70.17
Consenso dos Analistas:Vender (3B / 6H / 11S)
Última Surpresa de Resultados:+3.15%

Métricas de Avaliação

Rácio P/E

28.09

ROE

33.5%

Rácio P/B

10.96

P/FCF

23.34

Margem Bruta

34.3%

ROIC

14.8%

Radar de Rentabilidade

Criação de Valor (Vantagem Competitiva)

ROIC

14.8%

WACC

7.4%

ROIC − WACC

+7.4 pp

O ROIC supera o custo do capital — a empresa está a criar valor para os acionistas.

Critérios de Análise Fundamental

Aprovado (13)

  • Price CAGR 9.88%
  • ROIC 14.8%
  • Gross Margin 34.3%
  • P/FCF 23.34
  • Debt/Equity ratio
  • Operating Margin 10.0%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA
  • ROE 35.9%
  • Revenue Growth 5Y 8.2%
  • Earnings Quality (OCF/NI) 1.49

Reprovado (8)

  • P/B Ratio 10.96
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Analyst Consensus 15% Buy
  • Earnings Surprise avg 1.8%
  • PEG Ratio 2.35
  • Net Margin Trend 6.1% vs 6.4%
  • Piotroski F-Score 2/9

Indisponível (6)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Share Dilution (missing shares data)

Piotroski F-Score

2/9

Preocupações financeiras graves

score
criteria

Qualidade dos Resultados

1.49

Alta qualidade: resultados respaldados por caixa

Diluição de Ações

-

A recomprar ações. Favorável ao acionista

Participações institucionais

Não há declarações institucionais para esta empresa.

Governação

Equipa Executiva

NomeCargoIdade
Mr. Robert Geoffrey ScottMD, CEO & Director55
Mr. Anthony Natale GianottiChief Financial Officer56
Ms. Aleksandra SpaseskaCFO & Managing Director of Kmart Group-
Mr. Michael SchneiderMD of Bunnings Group & MD of Bunnings New Zealand54
Ms. Maya vanden DriesenGroup General Counsel-
Rebecca KeenanMedia & Public Affairs Manager-
Ms. Jennifer BryantChief Human Resources Officer-
Ms. Marina JoanouManaging Director of Target-
Mr. Damian McGloughlinManaging Director of BUKI-
Ms. Emily AmosManaging Director of Health-

Risco de Auditoria

4

Risco do Conselho

2

Risco de Remuneração

3

Risco dos Direitos dos Acionistas

1

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

Latest News

Recent headlines for WFAFF, sourced from Markets Gazette.

No recent news for WFAFF.