Woolworths Holdings Ltd WLWHY

Consumer DiscretionaryDiversified RetailSouth Africa

Last close 2.45 USD on Nov 1, 2026, −24.9% year to date

Quant rating

Quant rating C Rank 162 of 297 in Consumer Discretionary

Growth D 218 of 297
Valuation A 29 of 297
Quality C 186 of 297
Revisions C 139 of 297
Momentum C 171 of 297

Wall Street consensus Hold (3.00)Average target 3.29 USD +34.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.3B
Enterprise value: 3.3B
52-week range: 2.10 – 4.06
3-year range: 2.10 – 4.23
Dividend yield: 4.82%
Beta (5 years): 0.55
Shares outstanding: 979M
Next earnings: Dec 2, 2026

About the company

Woolworths Holdings Limited is a South Africa-based retail company. The Company together with its subsidiaries has two operating divisions. The Woolworths South Africa (WSA) division is based in South Africa, which has approximately 268 store locations. WSA has offerings in the Fashion, Beauty and Home sectors, which comprise wardrobe essentials, edited and relevant fashion, beauty, and homeware, and third-party brands; and Food sector, which comprises private-label range of food products, and customers’ wanted brands. The Country Road Group (CRG) division is based in Australia. CRG offers apparel, accessories, footwear, and homeware, which has approximately 607 store locations. Its segments include Woolworths Fashion, Beauty and Home; Woolworths Food; Woolworths Financial Services; Country Road Group, and Treasury. Its subsidiaries comprise Woolworths Proprietary Limited, E-Com Investments 16 (RF) Proprietary Limited, Country Road Group Holdings Proprietary Limited, among others.

Growth and profitability fiscal year ends June 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	5,049	4,469	4,209	3,866	5,068	–
Revenue growth	13.0%	6.2%	8.9%	−23.7%	−9.0%	−1.9%
EPS (basic, normalized)	0.20	0.17	0.22	0.28	0.22	–
EPS growth	14.1%	−20.8%	−21.6%	24.3%	–	–
Gross margin	34.0%	34.3%	35.9%	37.1%	36.5%	35.6%
Net margin	2.8%	3.1%	3.4%	5.4%	4.6%	3.9%
ROE	22.2%	22.7%	22.7%	32.6%	35.2%	27.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	5,049	+13.0%	0.6x	542	+25.3%	6.0x	0.20	+14.1%	12.5x
2027	5,209	+3.2%	0.6x	470	−13.3%	6.9x	0.20	+0.1%	12.5x
2028	5,520	+6.0%	0.6x	507	+7.8%	6.4x	0.23	+14.9%	10.9x
2029	5,855	+6.1%	0.6x	535	+5.7%	6.1x	0.26	+16.1%	9.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	5,209	+0.1%	−2.8%	−4.3%	0.20	+0.4%	−13.0%	−22.4%
2028	5,520	+0.2%	−3.4%	−4.7%	0.23	+0.8%	−14.5%	−22.4%
2029	5,855	+0.2%	–	–	0.26	+0.9%	−13.1%	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Diversified Retail

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
WLWHY Woolworths Holdings Ltd	2.3B	–	2.8%	3.37x	12.5x	10.9x	6.9x	6.4x
MNSO MINISO Group Holding Ltd	3.1B	1.22x	5.6%	2.23x	7.7x	7.2x	6.2x	5.5x
PTRN Pattern Group Inc.	2.9B	−2.26x	−6.3%	4.55x	27.4x	22.3x	12.2x	9.7x
KSS Kohl's Corporation	2.8B	2.39x	1.8%	0.66x	11.4x	15.7x	4.5x	4.9x
BLJZY Berli Jucker PCL	2.3B	7.88x	2.6%	0.67x	178.1x	172.2x	11.5x	11.3x
RVLV Revolve Group, Inc.	1.6B	−3.31x	5.0%	2.96x	25.6x	20.3x	13.9x	10.8x
Mean		1.18x	1.9%	2.41x	43.8x	41.4x	9.2x	8.1x
Median		1.22x	2.7%	2.60x	19.0x	18.0x	9.2x	8.1x

Technical analysis

1M−1.9%
3M−12.5%
1Y−24.3%
3Y−24.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Woolworths Holdings Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	5,049	4,469	4,209	3,866	5,068	5,570
Cost of revenue	3,331	2,936	2,698	2,431	3,221	3,523
Gross profit	1,719	1,533	1,511	1,435	1,847	2,047
Selling, general & administrative expenses	–	–	–	–	–	–
Research & development	–	–	–	–	–	–
Interest expense (income), operating	0.5	–	–	–	–	–
Unusual expense (income)	36.0	37.4	20.1	3.6	−1.8	25.7
Other operating expenses	1,407	1,249	1,216	1,080	1,428	1,571
Operating income	275	246	275	352	421	450
Net interest income (expense)	−82.4	−77.3	−73.4	−64.2	−109	−163
Gain (loss) on sale of assets	–	–	–	–	0	34.8
Other non-operating income (expense)	0	0	0	0	16.4	41.8
Net income before taxes	193	169	201	287	329	364
Provision for taxes	50.8	31.1	58.2	79.6	93.2	69.8
Minority interest	−0.7	−0.7	−0.4	−0.3	−0.1	−0.1
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	141	137	143	207	235	294
Extraordinary items	–	–	0	64.0	–	–
Net income	141	137	143	271	235	294
EBIT, normalized	314	367	333	357	421	477
EBITDA, normalized	532	562	510	665	702	812
Basic EPS, normalized	0.20	0.17	0.22	0.28	0.22	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Woolworths Holdings Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	189	241	127	191	340	398
Receivables	103	86.2	77.1	90.5	109	93.7
Total inventory	492	499	409	378	551	601
Prepaid expenses	–	–	–	–	–	–
Other current assets	2.1	1.9	1.8	13.5	19.9	2.3
Total current assets	786	829	615	674	1,021	1,095
Property, plant & equipment	982	872	831	779	1,777	2,011
Goodwill	285	270	293	301	326	–
Intangibles	173	170	174	134	146	505
Long-term investments	75.5	69.0	157	150	59.8	63.1
Note receivable	8.7	5.5	4.7	2.7	5.8	7.1
Other long-term assets	93.5	79.1	52.8	58.3	214	251
Total assets	2,403	2,295	2,128	2,098	3,550	3,931
Liabilities
Accounts payable	323	279	280	239	352	681
Payable/accrued	–	–	–	–	–	–
Accrued expenses	178	36.5	33.3	49.7	57.9	–
Short-term debt	15.5	31.9	65.5	15.0	2.1	0
Current portion of long-term debt	99.5	106	108	131	178	231
Other current liabilities	95.0	236	183	223	321	146
Total current liabilities	711	690	670	658	911	1,058
Long-term debt	1,020	967	823	766	1,838	2,162
Minority interest	3.8	4.0	3.4	1.6	1.6	1.6
Other liabilities	45.0	36.6	34.4	31.9	53.6	51.9
Total liabilities	1,779	1,697	1,531	1,457	2,804	3,273
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	442	435	426	415	685	–
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	271	215	187	205	97.1	–
Treasury stock	−152	−123	−101	−91.3	−105	–
Other equity	63.3	70.2	85.0	113	67.7	658
Total equity	624	598	597	641	745	658
Total liabilities & shareholders' equity	2,403	2,295	2,128	2,098	3,550	3,931

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Woolworths Holdings Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	193	169	201	360	329	364
Depreciation, depletion & amortization	218	196	177	197	281	335
Deferred taxes	–	–	–	–	–	–
Non-cash items	129	109	144	109	118	107
Changes in working capital	−218	−314	−334	−390	−304	−238
Cash from operations	322	160	189	275	424	568
Investing activities
Capital expenditures	−157	−176	−184	−132	−118	−101
Other investing cash flows	−3.0	144	−31.9	1.1	0.3	519
Cash from investing	−160	−32.0	−216	−131	−117	418
Financing activities
Financing cash flow items	−1.8	−0.2	–	–	−57.2	–
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−209	19.0	−91.1	−276	−266	−956
Cash from financing	−211	18.9	−91.1	−276	−323	−956
Foreign exchange effects	−4.5	−0.1	−1.1	22.8	7.0	−26.6
Net change in cash	−53.5	146	−120	−109	−9.1	3.3
Free cash flow	165	−16.4	4.3	142	307	467

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.