Woolworths' leading market share and low cost of doing business should support strong ROICs.
The early signs of improvement are emerging with Woolworths reporting the first positive comparable sales growth in its Australian Food division since the third quarter in fiscal 2015. We retain our discounted cash flow-based fair value estimate of AUD 28 which assumes EBIT/sales margin of 4%-6% out to 2026. At Friday’s closing price of $24.23, the stock is trading at 13% discount to our fair value estimate.We believe the stock is undervalued as the strategy being employed to turnaround the dis...
Woolworths Group is organized into five segments: Australian Food and Petrol, which involves the procurement of food and petroleum products for resale to customers in Australia; New Zealand Supermarkets, which involves the procurement of food and liquor and products for resale to customers in New Zealand; Endeavour Drinks Group, which involves the procurement of liquor products for resale to customers in Australia; BIG W, which involves the procurement of discount general merchandise products for resale to customers in Australia; as well as Hotels, which involves the provision of leisure and hospitality services, accommodation, entertainment and gaming in Australia.
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