WES vs CSL vs BHP: Which is a Better Value Play Currently?

WES, CSL and BHP are three blue-chip stocks operating across three different industries. Here is a comparison of their recent financial performance, outlook and growth opportunities.

Wesfarmers Reports Growth Across Key Businesses

Wesfarmers Limited (ASX: WES), on 27 August 2026, reported its FY26 results, with revenue increasing 3.4% to $47.3 billion.

Net profit after tax reached $2.9 billion, representing an increase of around 8.3% compared to the previous year.

Earnings were mainly driven by Bunnings Group, Kmart and the WesCEF division of the business.

Wesfarmers has a diversified business across wholesale, retail and manufacturing of various products. Looking ahead, the company expects its retail division to grow profitably, although the cost of doing business remains comparatively higher due to elevated labour, energy and supply chain costs.

The company is also accelerating its production rate at the Covalent Lithium refinery.

Also explore: best dividend stocks in 2026

CSL Faces a Weaker FY26 Performance

CSL Limited (ASX: CSL), on 18 August 2026, announced its June-ending FY26 results.

Revenue declined 1.1% to $15.8 billion, while the company reported an NPAT loss of $2.6 billion, reflecting a weaker performance for the year.

Despite this, the balance sheet remained solid, with net assets of $16.3 billion, which is 1.8 times its leverage.

CSL is a biotechnology company providing treatments for haemophilia and immune deficiencies, along with vaccines and therapies for various diseases.

Looking ahead, the company expects FY27 growth to remain broadly muted. Revenue in CSL Vifor is expected to decline by 25%, driven by generic competition in iron products.

BHP Delivers Strong FY26 Results

BHP Group (ASX: BHP), on 18 August 2026, announced its June-ending FY26 results.

Underlying EBITDA increased 27% to US$32.9 billion, while underlying attributable profit rose 30% to US$13.2 billion compared to the previous year.

This led to an improved ROCE of 26%.

BHP also delivered 2Mt of copper production for the second consecutive year, with an EBITDA margin of 70%.

BHP Group Limited is a diversified mining company with a major focus on copper and is the world’s largest copper producer. The company also mines other commodities such as silver, zinc and coal.

Also explore: ASX copper stocks to watch

Looking ahead, BHP expects to deliver average copper-equivalent production growth of around 5% annually through FY35.

The company also expects average annual capex of around US$11 billion over the medium term, with more than half expected to be allocated to copper growth projects.

Which Blue Chip Stock Is Better for Future Growth?

BHP, CSL and Wesfarmers are all large and diversified blue-chip companies. Based on their reported financials, BHP has reported the strongest performance, followed by Wesfarmers and CSL.

Wesfarmers has an ROE of around 33% with a dividend yield of 3.54%. BHP has an ROE of 24% with a yield of 3.96%, while CSL's ROE remains negative with a dividend yield of 2.26%.

The outlook-related statement remains strongest for BHP, followed by Wesfarmers and CSL.

Wesfarmers primarily operates through its retail segment, which can be expected to grow at a stable pace, providing the company with relatively stable returns over the period.

For BHP, the company has a competitive advantage as demand for copper is rising rapidly while supply remains short. This can lead to an increased price of copper, which can directly benefit the company and lead to significant growth in the coming near to medium term.

However, BHP also carries increased risk because it operates in commodities, where commodity prices tend to fluctuate.

In comparison, Wesfarmers has relatively lower risk and the ability to provide stable returns over the period.

Therefore, the choice between BHP and WES depends on the risk appetite of the customer. For CSL, the company has a relatively weaker outlook and has not been able to perform well in recent times, keeping it under the radar for now.

Source: Company Announcements