Tesco PLC

Tesco is a retailer. Co. and its subsidiaries are engaged in retailing and associated activities in the U.K. and Republic of Ireland; and Czech Republic, Hungary, Poland, Slovakia, Malaysia, and Thailand. Co. provides retail banking and insurance services through Tesco Bank in the U.K. Co. sells and services of motor and home insurance policies underwritten by Tesco Underwriting Limited, or in a minority of cases by a third-party underwriter. As of Feb 25 2017, Co. had a total of 6,809 stores worldwide, including 256 franchised stores.
  • TickerTSCO
  • ISINGB0008847096
  • ExchangeLondon Stock Exchange
  • SectorFood & Drug Retailers
  • CountryUnited Kingdom

Analysts

TESCO PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of TESCO PLC. (GB), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 12, 2019, the closing price was GBp 242.10 and its potential was estimated at GBp 261.24.

João Calado ...
  • Kamilė Bertašiūtė

BiG Research Flash Note: Tesco

Tesco PLC is a British groceries retailer founded back in 1919 in UK, Welwyn Garden City,where it is currently headquartered. The company operates through hypermarket andconvenience store concepts, as well as wholesale business. In addition to groceries retail,Tesco PLC provides retail banking and insurance business services. With the food retail,company operates in UK and Ireland, Central Europe (Poland, Hungary, Slovakia andCzech Republic) and Asia (Malaysia and Thailand). UK and Ireland is the main revenuegenerating business (70% of sales in 2018). Tesco PLC employs around 321 thousandemplo...

Tesco Plc - February 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/CSPP2 to include BB high yield?, Tesco and NIBC

CSPP2 to include BB high yield paper?

Tesco Plc: Update following upgrade to Baa3

Our credit view of Tesco Plc, reflecting our expectations of continued operating momentum and improvement in credit metrics.

Tesco Plc - February 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Tesco Plc: Update following upgrade to Baa3

Our credit view of Tesco Plc, reflecting our expectations of continued operating momentum and improvement in credit metrics.

Tesco Plc: FAQ on current market dynamics and potential for credit quality improvement

Answers to investors' most pressing questions about Tesco's potential for credit improvement in the next 12-18 months

Tesco Plc: Update following H1 fiscal 2019 results

Our credit view of Tesco Plc, reflecting our expectations of continued operating momentum and improved credit metrics.

Tesco Plc - August 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

João Calado ...
  • Kamilė Bertašiūtė

BiG Research Flash Note: Tesco

Tesco PLC is a British groceries retailer founded back in 1919 in UK, Welwyn Garden City,where it is currently headquartered. The company operates through hypermarket andconvenience store concepts, as well as wholesale business. In addition to groceries retail,Tesco PLC provides retail banking and insurance business services. With the food retail,company operates in UK and Ireland, Central Europe (Poland, Hungary, Slovakia andCzech Republic) and Asia (Malaysia and Thailand). UK and Ireland is the main revenuegenerating business (70% of sales in 2018). Tesco PLC employs around 321 thousandemplo...

Ioannis Pontikis

Morningstar | Tesco's 1Q Broadly in Line With U.K. Excluding Booker Mixed; Shares Fairly Valued

No-moat Tesco reported its first-quarter trading update for the 13 weeks ended 25 May 2019, with the U.K. and the Republic of Ireland (including Booker) like-for-like sales up 0.8% (versus 1.4% in our model for the year) and Booker up 3.1% (versus 2.5% in our model for the full year). This is broadly in line with our long-term expectations. Management reiterated guidance on synergies and medium-term margin targets. Given this in-line print, we maintain our GBX 253 fair value estimate for Tesco. In the U.K., Tesco said it grew ahead of the market (excluding discounters Aldi and Lidl) on a volu...

Ioannis Pontikis

Morningstar | Tesco's CMD Offers a Glimpse Into the Grocer's Future But No Formal Guidance Given

Tesco hosted its capital markets day, or CMD, on June 18 and shared some of its "untapped value opportunities". Although presentations were focused on Tesco's longer-term growth and margin opportunities, management didn't give a formal guidance, except for the GBP 2.5 billion revenue aspiration for Booker, which management reiterated. Given this mostly in-line CMD, we maintain our FVE of GBP 253 per share and no-moat rating. On top-line growth, Tesco offered more detail about the drivers of the GBP 2.5 billion revenue growth opportunity for Booker, with the most significant being those arisin...

Ioannis Pontikis

Tesco's CMD Offers a Glimpse Into the Grocer's Future But No Formal Guidance Given

Tesco hosted its capital markets day, or CMD, on June 18 and shared some of its "untapped value opportunities". Although presentations were focused on Tesco's longer-term growth and margin opportunities, management didn't give a formal guidance, except for the GBP 2.5 billion revenue aspiration for Booker, which management reiterated. Given this mostly in-line CMD, we maintain our FVE of GBP 253 per share and no-moat rating. On top-line growth, Tesco offered more detail about the drivers of the ...

Ioannis Pontikis

Tesco's 1Q Broadly in Line With U.K. Excluding Booker Mixed; Shares Fairly Valued

No-moat Tesco reported its first-quarter trading update for the 13 weeks ended 25 May 2019, with the U.K. and return on investment (including Booker) like-for-like sales up 0.8% (versus 1.4% in our model for the year) and Booker up 3.1% (versus 2.5% in our model for the full year). This is broadly in line with our long-term expectations. Management reiterated guidance on synergies and medium-term margin targets. Given this in-line print, we maintain our GBX 253 fair value estimate for Tesco. In ...

1 director maiden bought

A director at Tesco maiden bought 25,335 shares at 197p and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

TESCO PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of TESCO PLC. (GB), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 12, 2019, the closing price was GBp 242.10 and its potential was estimated at GBp 261.24.

Tesco

Tesco

Tesco

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ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/CSPP2 to include BB high yield?, Tesco and NIBC

CSPP2 to include BB high yield paper?

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Tesco, German 5G Auction, Italgas and BP

Tesco 1Q19/20: growth slows against strong comparable. 2023 bond offers value

ING
Job Veenendaal

Tesco/Better positioned/STABLE

Tesco reported a solid FY18/19 report card this morning, which we believe to be supportive for spreads. Most of the goals of the turnaround plan set out back in 2016 have been or will soon be achieved. Tesco's management is confident in the future and will host a capital markets day in June, when it will talk about further value unlocking opportunities. We maintain our “Stable” credit assessment.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Tesco, Red Electrica, Elia

Tesco (TSCOLN) published its FY18/19 report card this morning, which we view as supportive for spreads. Revenue (excl. VAT, incl. fuel) came in at £63,911m. Company-compiled consensus called for £64,520m. LFL sales for the group were up 0.9% in the final quarter and 1.4% in the full year. LFL sales growth was driven solely by the UK & ROI regions (+2.9%), as the Central Europe and Asia regions recorded persistently negative growth in 2018/19 of -2.3% and -6.2% respectively. Group operating profit before exceptional items was £2,206m, set against company-compiled consensus of £2,080m. The corre...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Tesco, LeasePlan, Proximus, EDF and Veolia

Tesco (TSCOLN) has reported on 3Q and Christmas trading. The company reported +2.2% LFL growth over the six-week Christmas period in the UK, outpacing expectations of +1.1%, despite a ‘challenging market'. Tesco commented that it outperformed the UK market in terms of both volume and value. UK LFL growth came in at +0.7% in 3Q. CEO Dave Lewis commented that Tesco is on track to deliver on its FY plans and on the longer-term ambitions outlined in 2016. (For full stories please download the report)

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Ocado Group Plc - Strategy, SWOT and Corporate Finance Report Summary Ocado Group Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Ocado Group Plc (Ocado) is an independent online grocery retailer. The company offers comprehensive operating solutions for online grocery retail. Its online platform is based on its proprietary technology and intellectual proper...

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Summary Marketline's BT Group plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by BT Group plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

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Carrefour SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

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Expert Corporate Governance Service (ECGS)

Tesco PLC 13 June 2019

Fraud InvestigationThe deferred prosecution agreement (DPA) entered into by Tesco states that there was false accounting at Tesco Stores Ltd. in 2014 and names the former executives, Carl Rogberg, Chris Bush and John Scouler, as involved in "falsifying or concurring in the falsification of accounts." However, all three former executives have now been acquitted. Please see the attached report for further details.Equal Pay ClaimThe claim has been brought by law firm Leigh Day which claims it could apply to more than 200,000 employees of the Company with estimated pay shortfalls of as high as £20...

Tesco PLC – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 15/06/2018

Merger with Booker The merger with Booker has been completed. Accordingly, Charles Wilson, Booker's Chief Executive Officer and Stewart Gilliland, Booker's Chairman, joined the Combined Group's Board. Litigation The UK Serious Fraud Office has announced its intention to seek a retrial of three former Company executives for allegations of fraud and false accounting amounting to a £246 scandal. In addition, on 10 April 2017, the Company announced that its subsidiary, Tesco Stores Ltd, had obtained Court approval and entered into a Deferred Prosecution Agreement (DPA) with the UK Serious Frau...

Valérie GASTALDY

Analyse court terme - TESCO : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 223,52 p prochainement. Le prochain objectif est à 206,98 p, puis 196,85 p. Le franchissement de 242,08 p remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - TESCO : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 223.52 p. The next target is at 206.98 p, then 196.85 p. Passing 242.08 p would question the continuation of the fall.

Valérie GASTALDY

Short term view - TESCO : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 206.98 p. The background trend would be questioned should prices rise above 242.08 p.

Valérie GASTALDY

Analyse court terme - TESCO : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 206,98 p. La tendance de fond serait remise en cause en cas de franchissement de 242,08 p.

Valérie GASTALDY

Medium term view - TESCO : The trend is bullish.

The trend is bullish. The recent fall is getting more vigorous. The next support is at 196.85 p. A break below 134.12 p would challenge the trend.

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