Ann: 2022 AGM Chairman's Address and Managing Director's Address, page-11

WES - WESFARMERS LIMITED

UBS rates WES as Buy (1) - UBS remains confident the Retail divisions of Wesfarmers are well positioned for a slower consumer environment due to strong value propositions and capacity to increase market share. this pertains espcially to Kmart and Bunnings.
This view follows AGM commentary, from which the broker highlights another Kmart upgrade.
The target rises to $56.00 from $55.00. Buy.
Target price is $56.00 Current Price is $48.52 Difference: $7.48 If WES meets the UBS target it will return approximately 15% (excluding dividends, fees and charges). Current consensus price target is $48.11, suggesting downside of -0.8%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY23:
UBS forecasts a full year FY23 EPS of 222.00 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.86. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 209.3, implying annual growth of 0.7%. Current consensus DPS estimate is 177.4, implying a prospective dividend yield of 3.7%. Current consensus EPS estimate suggests the PER is 23.2.
Forecast for FY24:
UBS forecasts a full year FY24 EPS of 236.00 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.56. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 218.2, implying annual growth of 4.3%. Current consensus DPS estimate is 184.8, implying a prospective dividend yield of 3.8%. Current consensus EPS estimate suggests the PER is 22.2.