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 29,600 - -
Change - -15.54% 4.83% 31.05% 19.96% -3.09% - -
Enterprise Value (EV) 1 32,462 29,028 29,193 34,916 41,107 40,141 39,951 39,886
Change - -10.58% 0.57% 19.6% 17.73% -2.35% -0.47% -0.16%
P/E 14.8x 25.3x 11.4x 16.2x 17.7x 15.6x 14.2x 13x
PBR 1.42x 1.52x 1.71x 2.23x 2.73x 2.6x 2.5x 2.39x
PEG - -0.5x 0x -3.9x 1.2x 1.3x 1.44x 1.42x
Capitalization / Revenue 0.36x 0.28x 0.28x 0.36x 0.41x 0.4x 0.38x 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 7.87x 7.53x 7.27x
EV / EBIT 11.5x 11x 10.3x 11.2x 12.9x 12.3x 11.7x 11.2x
EV / FCF 11.6x 10.6x 11.9x 25.2x 18.4x 21.4x 20x 18.7x
FCF Yield 8.65% 9.48% 8.4% 3.96% 5.45% 4.67% 5.01% 5.34%
Dividend per Share 2 0.109 0.109 0.121 0.137 0.145 0.157 0.1712 0.1856
Rate of return 3.76% 4.27% 4.34% 3.6% 3.02% 3.3% 3.6% 3.91%
EPS 2 0.1964 0.1008 0.2453 0.2351 0.271 0.3048 0.3348 0.3654
Distribution rate 55.5% 108% 49.3% 58.3% 53.5% 51.5% 51.1% 50.8%
Net sales 1 61,344 65,762 68,187 69,916 73,712 74,891 76,911 78,793
EBITDA 1 4,543 4,330 4,544 4,825 5,007 5,101 5,304 5,485
EBIT 1 2,825 2,630 2,821 3,128 3,194 3,252 3,403 3,546
Net income 1 1,481 745 1,736 1,626 1,787 1,951 2,104 2,260
Net Debt 1 10,516 10,493 9,764 9,454 10,563 10,541 10,351 10,286
Reference price 2 2.898 2.550 2.788 3.802 4.806 4.750 4.750 4.750
Nbr of stocks (in thousands) 7,574,218 7,268,607 6,968,930 6,696,942 6,355,483 6,231,580 - -
Announcement Date 4/13/22 A 4/13/23 A 4/10/24 A 4/10/25 A 4/16/26 A - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.59x0.54x7.87x3.3% 40.1B
36.82x1.19x18.18x0.94% 841B
24.21x1.16x10.11x0.98% 52.44B
15.86x0.62x11.59x2.78% 38.25B
11.31x0.33x6.06x2.59% 35.06B
26.73x0.83x9.62x2.76% 34.45B
11.65x0.45x5.75x4.04% 31.78B
20.74x0.77x6.4x1.25% 27.37B
54.63x0.58x9.67x1.03% 25.52B
25.89x0.66x12.75x-.--% 22.3B
Average 24.34x 0.71x 9.80x 1.97% 114.87B
Weighted average by Cap. 32.83x 1.05x 15.68x 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

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