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Woolworths Holdings Ltd Shares (JSE: WHL)

JSE Consumer Defensive Grocery Stores

R37.78 −R3.52 (−8.52%)
At close: 11 Nov 2026

WHL Stock Chart

Key Statistics

Market Cap
R37.76bn
P/E Ratio (TTM)
16.23
EPS (TTM)
R2.60
Dividend Yield
4.81%
52-Week Range
R35.84 – R61.46
Day Range
R36.27 – R38.80
Volume
20,489,998
Avg. Volume (50 Days)
5,224,656
Beta
0.12
50-Day Average
R38.96
200-Day Average
R47.64
Shares Outstanding
894.72m

About Woolworths Holdings Ltd

Woolworths Holdings is a South African retail group selling food, clothing, homeware and beauty products. Its shops trade in three countries: South Africa, Australia and New Zealand. It also provides financial products to shoppers, including store cards, credit cards and personal loans, and handles cash and debt management for the group.

The group is organised into six segments: Woolworths Fashion, Beauty and Home; Woolworths Food; Woolworths Logistics; Country Road Group; Woolworths Financial Services; and Treasury. The first two cover the goods sold in its shops, while the financial services segment holds the credit products. The company dates from 1929.

Sector
Consumer Defensive
Industry
Grocery Stores
Listed
JSE: WHL
Headquarters
Cape Town
Country
South Africa
Employees
37,752
Year End
June
ISIN
ZAE000063863

Earnings

Next Earnings
3 Mar 2027
EPS Est. (FY 2027)
R3.21
8 analysts

Our Analysis

Woolworths Holdings Ltd is a South African multinational retail company listed on the Johannesburg Stock Exchange (JSE) that owns the South African retail chain Woolworths, and Australian retailers David Jones and Country Road Group.

The graph below shows the latest Woolworths Holdings Ltd share price (JSE: WHL). Despite showing strong operational performance with significant growth in online and food sales, its stock performance has lagged behind the broader market over the past five years.

Woolworths Holdings Limited, a prominent player in the South African, Australian, and New Zealand retail sectors. The company, operating a diverse chain of department stores, faces a blend of promising opportunities and considerable challenges. An in-depth look at its recent financial performance, strategic initiatives, and market dynamics is essential for investors seeking to understand the potential trajectory of WHL.JO.

Recent Developments

WHL.JO has been fluctuating within a relatively narrow band, reflecting the broader uncertainties impacting the retail sector. While the company’s current price sits below its 52-week high of 7065 ZAc, it remains significantly above its 52-week low of 4568 ZAc, suggesting a degree of resilience amidst market volatility. Daily trading volume has been notably lower than the average, indicating a period of investor hesitancy or consolidation. The current P/E ratio of 17.13 suggests a relatively balanced valuation compared to historical metrics.

Woolworths Holdings has demonstrated a mixed performance in recent months. A highlight was the declaration of a 25.3% dividend increase in March 2025, rewarding shareholders with $0.0583 per share. This move signaled confidence in the company’s financial health and commitment to returning value to investors. However, the share price as of March 7, 2025, reflected an 11.7% decline since the start of the year, highlighting the challenges faced by the retailer.

Operationally, Woolworths has shown strength in certain areas. The company reported a substantial 37.2% increase in online sales and an 11.4% rise in food sales for the half-year period reported in January 2025. This underscores the effectiveness of its digital strategy and the enduring appeal of its food offerings, particularly in the South African market.

Who is Woolworths Holdings?

Woolworths Holdings Ltd retails quality, innovative products that are responsibly sourced and conveniently available to its target markets.

The history of Woolworths Holdings Ltd can be traced back to October 1931 when it was founded by Max Sonnenberg and Richard Sonnenberg.

Today, Woolworths Holdings Ltd has a diversified portfolio of products and services in more sectors of the Consumer Services value chain and provides the following products: food, clothing, homeware, beauty, and various lifestyle products, as well as operating department stores.

Woolworths Holdings Ltd offers financial products and services, such as store cards, credit cards, personal loans, and insurance products. The company is also involved in the cash and debt management activities. It operates approximately 719 WSA stores in South Africa and 88 stores in the rest of Africa.

Woolworths Holdings Ltd’s equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol WHL.

The current CEO of Woolworths Holdings Ltd is Roy Bagattini.

Woolworths Holdings Ltd forms part of the Consumer Services sector, specifically, the General Retailers industry of the Johannesburg Stock Exchange (JSE).

The company forms part of the Mining Industry and the Basic Materials Sector of the Johannesburg Stock Exchange (JSE).

Woolworths Holdings Ltd – 5 Year

A closer look at the historical data for the past month reveals a period of considerable volatility. The stock experienced several peaks and troughs, reflecting the ebb and flow of market sentiment. Notably, trading volumes spiked towards the end of May, coinciding with a period of upward price movement, suggesting increased investor activity. However, the subsequent decline in early June indicates that the upward momentum was not sustained.

The historical data also underscores the importance of timing in investment decisions. Investors who bought the stock at the beginning of May would have seen a modest return, while those who bought at the peak would currently be facing a loss. This highlights the need for careful analysis and a long-term investment horizon.

Company Essentials

Woolworths Holdings Ltd has its headquarters at Woolworths House, 93 Longmarket Street, Cape Town, 8001.

Woolworths Holdings Ltd has more than 45 000 employees and currently serves clients in areas like sub-Saharan Africa, Australia, and New Zealand.

Woolworths Holdings faces a complex set of strategic challenges and opportunities. The company must continue to invest in its digital infrastructure and enhance its online offerings to stay ahead of the competition. At the same time, it needs to address the underperformance of its Australian operations, particularly David Jones, which has been a persistent drag on overall profitability.

Successful execution of turnaround strategies in Australia will be crucial to unlocking value and improving the company’s overall financial performance. This may involve further restructuring, cost-cutting measures, and a renewed focus on customer experience. Woolworths must also navigate the challenging economic environment in South Africa, where high unemployment and inflation are impacting consumer spending.

How to buy Woolworths Holdings Ltd Shares – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participating daily. To buy, sell or trade Woolworths Holdings Ltd stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “WHL”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

? The Bull Case for JSE: WHL

  • Strong Online Growth: Continued expansion in the e-commerce space, capitalizing on changing consumer preferences.
  • Robust Food Sales: The resilient food segment provides a stable revenue stream and buffers against cyclical downturns in other segments.
  • Dividend Appeal: The attractive dividend yield attracts income-seeking investors, supporting the stock price.
  • Strategic Initiatives: Successful execution of turnaround strategies in its Australian operations, particularly David Jones, could unlock significant value.

? The Bear Case for JSE: WHL

  • Economic Headwinds: South Africa’s economic challenges, including high unemployment and inflation, could negatively impact consumer spending.
  • Australian Operations: Underperformance of David Jones continues to be a drag on overall profitability, requiring further restructuring.
  • Competitive Pressure: Intense competition in the retail sector could erode margins and limit growth potential.
  • Currency Risk: Fluctuations in the South African Rand (ZAR) can impact earnings when translated into other currencies.
Analyst Team
Analyst Team
Team Member

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

Financials

Revenue (TTM)
R82.84bn
Net Margin
2.80%
Operating Margin
5.88%
Return on Equity
22.19%
Return on Assets
8.02%
Forward P/E
14.39
PEG Ratio
125.32
Price to Sales
0.45
Price to Book
3.62
Book Value per Share
R11.44
Debt to Equity
1.82
Current Ratio
1.11
Revenue (Annual)
Jun 23
Jun 24
Jun 25
Jun 26
ZAR (billions) Jun 2026 Jun 2025 Jun 2024 Jun 2023
Revenue 82.84 79.54 76.53 72.27
Net Income 2.32 2.44 2.59 5.07
Net Margin 2.8% 3.1% 3.4% 7.0%
Operating Cash Flow 5.29 2.84 6.17 5.14
Debt to Equity 1.82 1.85 1.67 1.42

Dividends

Annual Dividend
R1.99
Payout Ratio
76.51%
Dividend Yield
4.81%
Last Ex-Dividend Date
22 Sep 2026
Last Split
8 Sep 2014
773:736
Ex-Dividend Date Payment Date Amount Type
22 Sep 2026 — R0.81 —
25 Mar 2026 — R1.18 —
23 Sep 2025 — R0.81 —
26 Mar 2025 — R1.07 —
25 Sep 2024 — R1.175 —
14 Mar 2024 — R1.48 —
20 Sep 2023 — R1.545 —
15 Mar 2023 — R1.585 —

Latest News & Analysis

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Figures as of 10 Nov 2026.

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