Wesfarmers Limited (WFAFF)
Valor JustoFundamental
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 · EstreitaBunnings, 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 cíclicoThe 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
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
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
Preocupações financeiras graves
Qualidade dos Resultados
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
| Nome | Cargo | Idade |
|---|---|---|
| Mr. Robert Geoffrey Scott | MD, CEO & Director | 55 |
| Mr. Anthony Natale Gianotti | Chief Financial Officer | 56 |
| Ms. Aleksandra Spaseska | CFO & Managing Director of Kmart Group | - |
| Mr. Michael Schneider | MD of Bunnings Group & MD of Bunnings New Zealand | 54 |
| Ms. Maya vanden Driesen | Group General Counsel | - |
| Rebecca Keenan | Media & Public Affairs Manager | - |
| Ms. Jennifer Bryant | Chief Human Resources Officer | - |
| Ms. Marina Joanou | Managing Director of Target | - |
| Mr. Damian McGloughlin | Managing Director of BUKI | - |
| Ms. Emily Amos | Managing 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.