Woolworths Group Limited

ASX:WOW Stock Report

Market Cap: AU$43.6b

Woolworths Group Future Growth

Future criteria checks 4/6

Woolworths Group is forecast to grow earnings and revenue by 26.9% and 3.9% per annum respectively. EPS is expected to grow by 26.7% per annum. Return on equity is forecast to be 34.4% in 3 years.

Key information

26.9%

Earnings growth rate

26.75%

EPS growth rate

Consumer Retailing earnings growth19.0%
Revenue growth rate3.9%
Future return on equity34.38%
Analyst coverage

Good

Last updated08 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • May 28

WOW: Minor Model Adjustments Will Guide A Steady And Balanced Outlook

Analysts have slightly reduced their Woolworths Group price target to A$34.80 from A$34.85, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E settings. Valuation Changes Fair Value: A$34.85 moved slightly to A$34.80, reflecting minor model adjustments.
Narrative Update • May 02

WOW: Dividend Clarity And Stable Expectations Will Shape A Measured Outlook

Analysts have trimmed their Woolworths Group price target slightly to A$34.85 from A$35.39, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News Woolworths Group declared a fully franked interim dividend of A$0.45 per share for the six months ending 4 January 2026, giving investors clarity on near term income expectations (company announcement).
Narrative Update • Apr 16

WOW: Bullish Coverage And Dividend Stability Will Shape A Measured Outlook

Narrative Update: Woolworths Group Analyst Price Target The analyst price target for Woolworths Group has shifted only marginally, sitting around A$35.39, as analysts factor in slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E multiples, supported by recent positive Street research on the stock. Analyst Commentary Recent Street research, including a bullish initiation from Goldman Sachs, offers a mix of optimism and caution around Woolworths Group at around A$35.39 per share.
Narrative Update • Apr 02

WOW: Bullish Coverage And Dividend Stability Will Shape A Balanced Outlook

Analysts have updated their Woolworths Group price target to A$35.39, reflecting slight tweaks to discount rate, revenue growth, profit margin and future P/E assumptions following recent bullish research coverage. Analyst Commentary Bullish Takeaways Bullish analysts highlight that a higher A$35.39 target price implies confidence in Woolworths Group’s ability to support its current P/E assumptions through consistent execution on core supermarket operations.
Narrative Update • Mar 18

WOW: Bullish Coverage And Dividend Outlook Will Guide A Balanced View

Analysts have modestly revised their A$ price target for Woolworths Group, reflecting small adjustments to the discount rate, revenue growth and future P/E assumptions following recent bullish research coverage. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the recent research coverage supports a constructive view on Woolworths Group, which they see as consistent with modest upward adjustments to valuation inputs such as the discount rate and long term P/E assumptions.
Narrative Update • Mar 04

WOW: Bullish Coverage And Dividend Clarity Will Support A Measured Outlook

Analysts have lifted their Woolworths Group price target from A$31.28 to A$35.39, citing updated assumptions for slightly higher revenue growth, profit margins, and a modestly higher future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts point to slightly higher revenue expectations as support for the new A$35.39 price target, suggesting the current valuation assumes the group can sustain its core supermarket earnings and incremental growth areas.
Narrative Update • Feb 17

WOW: Bullish Coverage And Refined Assumptions Will Guide A Measured Outlook

Analysts have nudged their Woolworths Group price target higher to about A$31.28 from roughly A$30.91, reflecting updated views on discount rates, revenue growth, profit margins and future P/E multiples following recent research that began coverage with a bullish stance. Analyst Commentary Bullish Takeaways Bullish analysts highlight the refreshed coverage and higher price target as a sign that current valuation assumptions on discount rates and P/E multiples may still leave room for upside if execution matches their expectations.
Narrative Update • Feb 02

WOW: Refined Discount Rates And Stable P/E Will Guide A Measured Outlook

Analysts have nudged their price target for Woolworths Group slightly higher to about A$30.91 per share from A$30.86, citing refreshed assumptions around discount rates, modestly stronger revenue growth and a steady future P/E outlook following recent bullish research coverage. Analyst Commentary Recent bullish research coverage has focused on refreshed assumptions around discount rates, revenue growth and a steady future P/E outlook, which collectively feed into the updated A$30.91 price target.
Narrative Update • Jan 19

WOW: Modest Margin Improvements And Refined Assumptions Will Shape A Measured Outlook

Analysts have lifted their price target for Woolworths Group from A$30.51 to A$30.86, citing updated assumptions on discount rates, modest revenue growth expectations, slightly firmer profit margins, and a small adjustment to future P/E multiples following recent bullish research. Analyst Commentary Bullish Takeaways Bullish analysts point to the uplift in the price target to A$30.86 as support for their view that current valuation assumptions, including the revised P/E multiples, still leave room for Woolworths Group to execute on its plans without stretching expectations.
Analysis Article • Sep 02

Woolworths Group's (ASX:WOW) Strong Earnings Are Of Good Quality

Investors were underwhelmed by the solid earnings posted by Woolworths Group Limited ( ASX:WOW ) recently. We have done...
Analysis Article • Aug 30

Woolworths Group's (ASX:WOW) Dividend Will Be A$0.45

Woolworths Group Limited ( ASX:WOW ) has announced that it will pay a dividend of A$0.45 per share on the 26th of...
Narrative Update • Aug 28

Supply Chain Automation And Digital Channels Will Transform Retail

A slight moderation in both future P/E expectations and revenue growth forecasts has driven a downward revision in the consensus Analyst Price Target for Woolworths Group from A$31.75 to A$30.51. Valuation Changes Summary of Valuation Changes for Woolworths Group The Consensus Analyst Price Target has fallen slightly from A$31.75 to A$30.51.
Analysis Article • Aug 27

Woolworths Group (ASX:WOW) Takes On Some Risk With Its Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jun 25

Woolworths Group Limited (ASX:WOW) Shares Could Be 49% Below Their Intrinsic Value Estimate

Key Insights Woolworths Group's estimated fair value is AU$61.41 based on 2 Stage Free Cash Flow to Equity Woolworths...
User avatar
New Narrative • Feb 09

Digital Transformation And BIG W Expansion Will Improve Customer Engagement And Efficiency

Woolworths' digital focus and AI adoption are expected to drive operational efficiencies and lower costs, improving net margins and earnings.

Earnings and Revenue Growth Forecasts

ASX:WOW - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/202877,5991,9402,7945,18715
6/30/202774,7081,7302,5004,83416
6/30/202671,6871,0702,2314,34216
1/4/202670,2825982,2924,906N/A
10/4/202569,6807812,1574,728N/A
6/29/202569,0779632,0224,550N/A
3/29/202569,1471,2961,6704,159N/A
1/5/202569,2171,6281,2713,722N/A
10/5/202468,5708681,5414,041N/A
6/30/202467,9221081,8114,359N/A
3/31/202466,841502,2194,773N/A
12/31/202365,760-82,6275,187N/A
9/30/202365,0278052,4314,971N/A
6/25/202364,2941,6182,2354,754N/A
1/1/202362,1241,7161,2503,796N/A
10/1/202261,4871,6321,1063,587N/A
6/26/202260,8491,5479623,378N/A
1/2/202258,0921,4069473,475N/A
10/2/202156,9131,4741,5914,050N/A
6/27/202155,7331,5412,2354,624N/A
1/3/202150,2058183,1145,380N/A
10/3/202051,6438562,7634,971N/A
6/28/202053,0808942,4124,561N/A
3/28/202062,7411,321N/AN/AN/A
1/5/202061,8071,4771,1172,994N/A
10/5/201960,8961,485N/A2,971N/A
6/30/201959,9841,492N/A2,948N/A
3/31/201958,8041,549N/AN/AN/A
12/30/201857,6241,605N/A3,034N/A
9/30/201857,2841,605N/A3,014N/A
6/24/201856,9441,605N/A2,994N/A
12/31/201756,1101,538N/A2,901N/A
9/30/201755,5721,480N/A3,012N/A
6/25/201755,0341,422N/A3,122N/A
1/1/201754,077574N/A3,301N/A
10/1/201653,8701,225N/A2,829N/A
6/26/201653,6641,876N/A2,358N/A
1/3/201654,8803,117N/A3,090N/A
10/3/201556,9402,713N/A3,217N/A
6/28/201559,0012,309N/A3,345N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WOW's forecast earnings growth (26.9% per year) is above the savings rate (3.6%).

Earnings vs Market: WOW's earnings (26.9% per year) are forecast to grow faster than the Australian market (12.1% per year).

High Growth Earnings: WOW's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WOW's revenue (3.9% per year) is forecast to grow slower than the Australian market (6.2% per year).

High Growth Revenue: WOW's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WOW's Return on Equity is forecast to be high in 3 years time (34.4%)

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 20:00
End of Day Share Price 2026/06/05 00:00
Earnings2026/01/04
Annual Earnings2025/06/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Woolworths Group Limited is covered by 25 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas KierathBarrenjoey Markets Pty Limited
Jonathan SnapeBell Potter
David ErringtonBofA Global Research