Company Valuation: Tesco PLC

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 21,946 18,535 19,429 25,462 30,544 29,823 - -
Change - -15.54% 4.83% 31.05% 19.96% -2.36% - -
Enterprise Value (EV) 1 32,462 29,028 29,193 34,916 41,107 40,347 40,144 39,986
Change - -10.58% 0.57% 19.6% 17.73% -1.85% -0.5% -0.39%
P/E 14.8x 25.3x 11.4x 16.2x 17.7x 15.7x 14.3x 13.1x
PBR 1.42x 1.52x 1.71x 2.23x 2.73x 2.62x 2.51x 2.41x
PEG - -0.5x 0x -3.9x 1.2x 1.2x 1.46x 1.46x
Capitalization / Revenue 0.36x 0.28x 0.28x 0.36x 0.41x 0.4x 0.39x 0.38x
EV / Revenue 0.53x 0.44x 0.43x 0.5x 0.56x 0.54x 0.52x 0.51x
EV / EBITDA 7.15x 6.7x 6.42x 7.24x 8.21x 7.91x 7.57x 7.29x
EV / EBIT 11.5x 11x 10.3x 11.2x 12.9x 12.4x 11.8x 11.3x
EV / FCF 11.6x 10.6x 11.9x 25.2x 18.4x 21.5x 20.1x 18.8x
FCF Yield 8.65% 9.48% 8.4% 3.96% 5.45% 4.64% 4.97% 5.33%
Dividend per Share 2 0.109 0.109 0.121 0.137 0.145 0.1565 0.1705 0.1856
Rate of return 3.76% 4.27% 4.34% 3.6% 3.02% 3.27% 3.56% 3.88%
EPS 2 0.1964 0.1008 0.2453 0.2351 0.271 0.3052 0.335 0.3651
Distribution rate 55.5% 108% 49.3% 58.3% 53.5% 51.3% 50.9% 50.8%
Net sales 1 61,344 65,762 68,187 69,916 73,712 74,813 76,816 78,679
EBITDA 1 4,543 4,330 4,544 4,825 5,007 5,103 5,307 5,485
EBIT 1 2,825 2,630 2,821 3,128 3,194 3,252 3,403 3,547
Net income 1 1,481 745 1,736 1,626 1,787 1,954 2,106 2,258
Net Debt 1 10,516 10,493 9,764 9,454 10,563 10,524 10,321 10,163
Reference price 2 2.898 2.550 2.788 3.802 4.806 4.788 4.788 4.788
Nbr of stocks (in thousands) 7,574,218 7,268,607 6,968,930 6,696,942 6,355,483 6,228,725 - -
Announcement Date 4/13/22 4/13/23 4/10/24 4/10/25 4/16/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.49x1.21x18.46x0.92% 857B
24.21x1.16x10.1x0.98% 51.05B
15.51x0.53x7.84x3.32% 39.03B
15.71x0.62x11.65x2.83% 38.6B
11.62x0.33x6.15x2.54% 34.69B
26.27x0.82x9.49x2.81% 32.94B
11.84x0.46x5.77x3.97% 31.62B
21.03x0.78x6.47x1.23% 27.03B
49.95x0.55x9.19x1.13% 22.87B
Average 23.74x 0.72x 9.46x 2.19% 126.06B
Weighted average by Cap. 33.42x 1.08x 16.03x 1.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield