Woolworths Group Ltd
WOW: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$74.80 | Qtnkyd | Tqspbpplt |
Woolworths Shareholders Are Getting Their Woolies Worth With Interim Dividends Up 18%
Narrow-moat Woolworths’ first-half fiscal 2023 sales growth of 4% and 16% increase in underlying EPS were ahead of our expectations. We increase our fair value estimate by 2% to AUD 27 per share, due to a now slightly greater sales base for the core Australian food segment, which accounts for over 80% of group earnings. We increase our fiscal 2023 adjusted EPS estimate by 4% to AUD 1.41.