Tesco (TSCO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

299.80p
   
  • Change Today:
    -0.20p
  • 52 Week High: 303.50p
  • 52 Week Low: 245.40p
  • Currency: UK Pounds
  • Shares Issued: 7,039m
  • Volume: 24,214,298
  • Market Cap: £21,103m
  • RiskGrade: 107

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20 23-Feb-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.3
Dividend Yield 4.4% 3.8% 4.1% 4.0% 2.6%
           
Continuing Operations          
PE Ratio - Adjusted 11.9 13.0 19.4 12.3 15.8
PE Ratio - Diluted 28.0
10.5		 14.6
17.0		 40.3
22.1		 30.2
21.1		 17.1
18.4
PEG - Adjusted n/a 0.1 n/a 0.4 0.3
PEG - Diluted n/a
0.3		 0.1
0.3		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed 6.38%
11.33%		 9.62%
9.17%		 0.07%
0.10%		 8.70%
5.47%		 2.69%
2.56%
Operating Margin 2.33%
4.03%		 4.17%
3.98%		 2.67%
3.64%		 2.00%
2.62%		 4.14%
3.96%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.9 13.0 1,923.2 12.3 62.9
PE Ratio - Diluted 25.1
10.0		 15.0
17.0		 361.2
1,663.2		 23.0
22.0		 68.0
73.5
PEG - Adjusted n/a 0.0 n/a 0.0 n/a
PEG - Diluted n/a
0.2		 0.0
0.0		 n/a
n/a		 0.1
0.1		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20 23-Feb-19
Net Gearing 103.08% 83.09% 108.97% 101.96% 109.48%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20 23-Feb-19
Price/Book Value 2.7 2.1 3.2 3.0 3.0
Price/Tangible Book Value 2.7 2.1 3.2 3.0 3.0
Price/ Cash Flow 4.9 5.8 36.0 461.7 8.4
Price/Revenue 0.28 0.36 37.05 0.38 1.34
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 92.38p 134.29p 69.23p 75.04p 74.00p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20 23-Feb-19
Continuing Operations          
Revenue 65,322.00 61,344.00 584.30 58,091.00 16,021.64
EBITDA 3,225.00
4,330.00		 4,278.00
4,157.00		 33.42
39.05		 1,159.00
1,524.00		 1,177.98
1,147.89
Depreciation (1,700.00)
(1,700.00)		 (1,718.00)
(1,718.00)		 (17.81)
(17.81)		 n/a
n/a		 (513.91)
(513.91)
Net Interest (533.00)
(533.00)		 (542.00)
(643.00)		 (9.46)
(9.02)		 (131.00)
20.00		 (266.73)
(244.42)
Profit Before Tax 882.00
1,987.00		 2,033.00
1,811.00		 6.42
12.49		 1,028.00
1,401.00		 405.36
394.83
           
Revenue per Share 880.94p 801.04p 6.07p 597.89p 165.41p
Pre-Tax Profit per Share 11.89p
26.80p		 26.55p
23.65p		 0.067p
0.13p		 10.58p
14.42p		 4.18p
4.08p
Market Capitalisation £ (Millions) 18,068.99 21,886.65 17,380.88 22,337.21 21,780.00
Enterprise Value (EV) £ (Millions) 28,868.99 33,671.65 29,879.88 35,561.21 34,421.00
EBITDA/EV 11.17%
15.00%		 12.71%
12.35%		 0.11%
0.13%		 3.26%
4.29%		 3.42%
3.33%
Operating Margin 2.33%
4.03%		 4.17%
3.98%		 2.67%
3.64%		 2.00%
2.62%		 4.14%
3.96%
Capital Employed £ (Millions) 22,241.00 26,761.00 22,503.00 25,258.00 25,012.00
Return on Capital Employed 6.38%
11.33%		 9.62%
9.17%		 0.07%
0.10%		 8.70%
5.47%		 2.69%
2.56%
Invested Equity Capital £ (Millions) 12,584.00 16,780.00 12,244.00 13,568.00 13,652.00
           
Earnings per Share - Basic 8.89p
23.79p		 19.86p
17.07p		 5.60p
10.22p		 7.60p
10.90p		 13.13p
12.16p
Earnings per Share - Diluted 8.81p
23.58p		 19.64p
16.87p		 5.58p
10.19p		 7.54p
10.82p		 13.04p
12.07p
Earnings per Share - Adjusted 20.71p 22.11p 11.58p 18.60p 14.11p
Earnings per Share Growth - Basic -55%
39%		 255%
67%		 -26%
-6%		 -42%
-10%		 n/a
-29%
Earnings per Share Growth - Diluted -55%
40%		 252%
66%		 -26%
-6%		 -42%
-10%		 n/a
-30%
Earnings per Share Growth - Adjusted -6% 91% -38% 32% 50%
PE Ratio - Diluted 28.0
10.5		 14.6
17.0		 40.3
22.1		 30.2
21.1		 17.1
18.4
PEG - Diluted n/a
0.3		 0.1
0.3		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 28.26% 25.27% 17.05% 28.21% 22.33%
Dividend Cover 1.90
2.18		 2.03
1.57		 1.27
1.12		 2.03
1.19		 2.45
2.11
Interest Cover 2.43
4.22		 4.69
3.78		 1.67
2.36		 7.81
n/a		 2.48
2.58
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 9.94p
24.83p		 19.34p
17.04p		 0.62p
0.14p		 9.99p
10.42p		 3.29p
3.05p
Earnings per Share - Diluted 9.85p
24.61p		 19.12p
16.85p		 0.62p
0.14p		 9.93p
10.34p		 3.27p
3.03p
Earnings per Share - Adjusted 20.71p 22.11p 0.12p 18.60p 3.54p
Earnings per Share Growth - Basic -49%
46%		 2,999%
12,473%		 -94%
-99%		 204%
242%		 n/a
-82%
Earnings per Share Growth - Diluted -48%
46%		 2,972%
12,365%		 -94%
-99%		 204%
242%		 n/a
-82%
Earnings per Share Growth - Adjusted -6% 18,816% -99% 426% -62%
PE Ratio - Diluted 25.1
10.0		 15.0
17.0		 361.2
1,663.2		 23.0
22.0		 68.0
73.5
PEG - Diluted n/a
0.2		 0.0
0.0		 n/a
n/a		 0.1
0.1		 n/a
n/a
Dividend Cover 1.90
2.28		 2.03
1.56		 0.01
0.01		 2.03
1.14		 0.61
0.53
Return on Equity (ROE) 5.92%
14.63%		 8.83%
7.78%		 0.49%
0.11%		 7.17%
7.46%		 2.34%
2.16%
Operating Cash Flow per Share 50.20p 49.06p 6.25p 0.49p 26.35p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (2.32p) (2.77p) (0.11p) 5.21p (3.00p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 10.90p 10.90p 9.15p 9.15p 5.77p
Dividend per Share Growth n/a 19.13% n/a 58.58% 397.41%
Dividend Yield 4.4% 3.8% 4.1% 4.0% 2.6%
Shareholders Funds 12,236.00 15,660.00 12,077.00 13,391.00 13,456.00
Net Borrowings £ (Millions) 12,613.00 13,012.00 13,160.00 13,653.00 14,732.00
Net Asset Value per Share (inc. Intangibles) 92.53p 134.50p 69.42p 75.27p 74.25p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20 23-Feb-19
Shareholders' Funds inc Intangibles 12,236.00 15,660.00 12,077.00 13,391.00 13,456.00
Net Borrowings £ (Millions) 12,613.00 13,012.00 13,160.00 13,653.00 14,732.00
Net Gearing 103.08% 83.09% 108.97% 101.96% 109.48%
Cash & Near Cash 2,465.00 2,345.00 2,510.00 4,137.00 2,916.00
Cash 20.15% 14.97% 20.78% 30.89% 21.67%
Gross Borrowings 15,078.00 15,357.00 15,670.00 17,790.00 17,648.00
Gross Gearing 123.23% 98.07% 129.75% 132.85% 131.15%
Borrowings Under 5 years 15,078.00 15,357.00 15,670.00 17,790.00 17,648.00
Under 5 years 123.23% 98.07% 129.75% 132.85% 131.15%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20 23-Feb-19
Shareholders' Funds exc Intangibles 6,861.00 10,300.00 6,684.00 7,313.00 7,192.00
Net Borrowings £ (Millions) 12,613.00 13,012.00 13,160.00 13,653.00 14,732.00
Net Gearing 183.84% 126.33% 196.89% 186.69% 204.84%
Cash & Near Cash 2,465.00 2,345.00 2,510.00 4,137.00 2,916.00
Cash 35.93% 22.77% 37.55% 56.57% 40.55%
Gross Borrowings 15,078.00 15,357.00 15,670.00 17,790.00 17,648.00
Gross Gearing 219.76% 149.10% 234.44% 243.27% 245.38%
Borrowings Under 5 years 15,078.00 15,357.00 15,670.00 17,790.00 17,648.00
Under 5 years 219.76% 149.10% 234.44% 243.27% 245.38%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20 23-Feb-19
Quick Ratio 0.56 0.59 0.52 0.60 0.47
Current Ratio 0.70 0.73 0.65 0.73 0.60

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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