Tesco (TSCO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

311.90p
   
  • Change Today:
      1.50p
  • 52 Week High: 313.90
  • 52 Week Low: 245.40
  • Currency: UK Pounds
  • Shares Issued: 7,022m
  • Volume: 15,756,446
  • Market Cap: £21,901m
  • RiskGrade: 107

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 24-Feb-24 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 4.3% 4.4% 3.8% 4.1% 4.0%
           
Continuing Operations          
PE Ratio - Adjusted 11.8 11.9 13.0 19.4 12.3
PE Ratio - Diluted 11.4
12.0		 28.0
26.0		 14.6
17.0		 40.3
22.1		 30.2
21.1
PEG - Adjusted 0.8 n/a 0.1 n/a 0.4
PEG - Diluted 0.1
0.1		 n/a
n/a		 0.1
0.3		 n/a
n/a		 n/a
n/a
Return on Capital Employed 12.92%
10.06%		 6.38%
4.19%		 9.62%
9.17%		 0.07%
0.10%		 8.70%
5.47%
Operating Margin 3.36%
3.23%		 1.35%
1.43%		 4.17%
3.98%		 2.67%
3.64%		 2.00%
2.62%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.8 11.9 13.0 1,923.2 12.3
PE Ratio - Diluted 16.9
18.2		 25.1
23.4		 15.0
17.0		 361.2
1,663.2		 23.0
22.0
PEG - Adjusted 0.8 n/a 0.0 n/a 0.0
PEG - Diluted 0.2
0.4		 n/a
n/a		 0.0
0.0		 n/a
n/a		 0.1
0.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 24-Feb-24 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20
Net Gearing 107.11% 103.08% 83.09% 108.97% 101.96%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 24-Feb-24 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20
Price/Book Value 3.0 2.7 2.1 3.2 3.0
Price/Tangible Book Value 3.0 2.7 2.1 3.2 3.0
Price/ Cash Flow 5.2 4.9 5.8 36.0 461.7
Price/Revenue 0.29 0.28 0.36 37.05 0.38
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 92.98p 92.38p 134.29p 69.23p 75.04p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 24-Feb-24 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20
Continuing Operations          
Revenue 68,187.00 65,322.00 61,344.00 584.30 58,091.00
EBITDA 2,289.00
2,201.00		 882.00
933.00		 4,278.00
4,157.00		 33.42
39.05		 1,159.00
1,524.00
Depreciation n/a
n/a		 n/a
n/a		 (1,718.00)
(1,718.00)		 (17.81)
(17.81)		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 (542.00)
(643.00)		 (9.46)
(9.02)		 (131.00)
20.00
Profit Before Tax 2,289.00
2,201.00		 882.00
933.00		 2,033.00
1,811.00		 6.42
12.49		 1,028.00
1,401.00
           
Revenue per Share 960.79p 880.94p 801.04p 6.07p 597.89p
Pre-Tax Profit per Share 32.25p
31.01p		 11.89p
12.58p		 26.55p
23.65p		 0.067p
0.13p		 10.58p
14.42p
Market Capitalisation £ (Millions) 19,687.89 18,068.99 21,886.65 17,380.88 22,337.21
Enterprise Value (EV) £ (Millions) 26,580.89 28,868.99 33,671.65 29,879.88 35,561.21
EBITDA/EV 8.61%
8.28%		 3.06%
3.23%		 12.71%
12.35%		 0.11%
0.13%		 3.26%
4.29%
Operating Margin 3.36%
3.23%		 1.35%
1.43%		 4.17%
3.98%		 2.67%
3.64%		 2.00%
2.62%
Capital Employed £ (Millions) 21,884.00 22,241.00 26,761.00 22,503.00 25,258.00
Return on Capital Employed 12.92%
10.06%		 6.38%
4.19%		 9.62%
9.17%		 0.07%
0.10%		 8.70%
5.47%
Invested Equity Capital £ (Millions) 12,115.00 12,549.00 16,780.00 12,244.00 13,568.00
           
Earnings per Share - Basic 24.80p
23.56p		 8.89p
9.57p		 19.86p
17.07p		 5.60p
10.22p		 7.60p
10.90p
Earnings per Share - Diluted 24.53p
23.30p		 8.81p
9.49p		 19.64p
16.87p		 5.58p
10.19p		 7.54p
10.82p
Earnings per Share - Adjusted 23.67p 20.71p 22.11p 11.58p 18.60p
Earnings per Share Growth - Basic 179%
146%		 -55%
-44%		 255%
67%		 -26%
-6%		 -42%
-10%
Earnings per Share Growth - Diluted 178%
146%		 -55%
-44%		 252%
66%		 -26%
-6%		 -42%
-10%
Earnings per Share Growth - Adjusted 14% -6% 91% -38% 32%
PE Ratio - Diluted 11.4
12.0		 28.0
26.0		 14.6
17.0		 40.3
22.1		 30.2
21.1
PEG - Diluted 0.1
0.1		 n/a
n/a		 0.1
0.3		 n/a
n/a		 n/a
n/a
Tax Rate 22.94% 25.40% 25.27% 17.05% 28.21%
Dividend Cover 1.96
1.95		 1.90
0.88		 2.03
1.57		 1.27
1.12		 2.03
1.19
Interest Cover n/a
n/a		 n/a
n/a		 4.69
3.78		 1.67
2.36		 7.81
n/a
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 16.74p
15.50p		 9.94p
10.63p		 19.34p
17.04p		 0.62p
0.14p		 9.99p
10.42p
Earnings per Share - Diluted 16.56p
15.33p		 9.85p
10.53p		 19.12p
16.85p		 0.62p
0.14p		 9.93p
10.34p
Earnings per Share - Adjusted 23.67p 20.71p 22.11p 0.12p 18.60p
Earnings per Share Growth - Basic 68%
46%		 -49%
-38%		 2,999%
12,473%		 -94%
-99%		 204%
242%
Earnings per Share Growth - Diluted 68%
46%		 -48%
-38%		 2,972%
12,365%		 -94%
-99%		 204%
242%
Earnings per Share Growth - Adjusted 14% -6% 18,816% -99% 426%
PE Ratio - Diluted 16.9
18.2		 25.1
23.4		 15.0
17.0		 361.2
1,663.2		 23.0
22.0
PEG - Diluted 0.2
0.4		 n/a
n/a		 0.0
0.0		 n/a
n/a		 0.1
0.1
Dividend Cover 1.96
1.28		 1.90
0.97		 2.03
1.56		 0.01
0.01		 2.03
1.14
Return on Equity (ROE) 9.81%
9.08%		 5.87%
6.28%		 8.83%
7.78%		 0.49%
0.11%		 7.17%
7.46%
Operating Cash Flow per Share 54.09p 50.20p 49.06p 6.25p 0.49p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 3.94p (2.32p) (2.77p) (0.11p) 5.21p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 12.10p 10.90p 10.90p 9.15p 9.15p
Dividend per Share Growth 11.01% n/a 19.13% n/a 58.58%
Dividend Yield 4.3% 4.4% 3.8% 4.1% 4.0%
Shareholders Funds 11,671.00 12,236.00 15,660.00 12,077.00 13,391.00
Net Borrowings £ (Millions) 12,501.00 12,613.00 13,012.00 13,160.00 13,653.00
Net Asset Value per Share (inc. Intangibles) 93.07p 92.53p 134.50p 69.42p 75.27p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 24-Feb-24 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20
Shareholders' Funds inc Intangibles 11,671.00 12,236.00 15,660.00 12,077.00 13,391.00
Net Borrowings £ (Millions) 12,501.00 12,613.00 13,012.00 13,160.00 13,653.00
Net Gearing 107.11% 103.08% 83.09% 108.97% 101.96%
Cash & Near Cash 2,340.00 2,465.00 2,345.00 2,510.00 4,137.00
Cash 20.05% 20.15% 14.97% 20.78% 30.89%
Gross Borrowings 14,841.00 15,078.00 15,357.00 15,670.00 17,790.00
Gross Gearing 127.16% 123.23% 98.07% 129.75% 132.85%
Borrowings Under 5 years 14,841.00 15,078.00 15,357.00 15,670.00 17,790.00
Under 5 years 127.16% 123.23% 98.07% 129.75% 132.85%
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 24-Feb-24 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20
Shareholders' Funds exc Intangibles 6,605.00 6,861.00 10,300.00 6,684.00 7,313.00
Net Borrowings £ (Millions) 12,501.00 12,613.00 13,012.00 13,160.00 13,653.00
Net Gearing 189.27% 183.84% 126.33% 196.89% 186.69%
Cash & Near Cash 2,340.00 2,465.00 2,345.00 2,510.00 4,137.00
Cash 35.43% 35.93% 22.77% 37.55% 56.57%
Gross Borrowings 14,841.00 15,078.00 15,357.00 15,670.00 17,790.00
Gross Gearing 224.69% 219.76% 149.10% 234.44% 243.27%
Borrowings Under 5 years 14,841.00 15,078.00 15,357.00 15,670.00 17,790.00
Under 5 years 224.69% 219.76% 149.10% 234.44% 243.27%
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 24-Feb-24 25-Feb-23 26-Feb-22 27-Feb-21 29-Feb-20
Quick Ratio 0.68 0.57 0.59 0.52 0.60
Current Ratio 0.81 0.71 0.73 0.65 0.73

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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