Tesco PLC, together with its subsidiaries, operates as a grocery retailer. It operates stores that primarily offer food products, as well as general merchandise, clothing products, and electrical products. The company also provides telecom, retail banking, financial, and insurance services. In addition, it engages in data analysis, distribution, and property operations. Tesco PLC also sells its products through online and catalog. The company operates in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Japan, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey, and the United States. It operates approximately 5,000 stores. The company was formerly known as Tesco Stores (Holdings) Limited and changed its name to Tesco PLC in 1983. Tesco PLC was founded in 1919 and is based in Cheshunt, the United Kingdom. It is the largest Food & drug retailers company by market capitalisation in the United Kingdom,
Contact Details
Website
http://www.tescoplc.com
Physical Address
PO Box 18, Cheshunt, Waltham Cross, EN8 9SL, United Kingdom
Phone
44-1992-646484
Industry & Sector [of 68 stocks]
Classification Level
Name of Sector
Business Sector
Food & Drug Retailing
Industry Group
Food & Drug Retailing
Economic Sector
Consumer Non-Cyclicals
Financials as Reported FY 2024, Past 10 Years
Financials as reported (FY 2024 [year-ended 24 February 2024 ])
RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In GBP Million, except per share data and shares outstanding)
INCOME STATEMENT AS REPORTED (FY 2024 [year-ended 24 February 2024 ])
Description
GBP Million
GBP Million
Feb 24, 2024
Dec 25, 2023
Change %
Continuing operations
Revenue from sale of goods and services
67,673
64,864
Up 4.3
Insurance revenue
514
458
Up 12.2
Revenue
68,187
65,322
Up 4.4
Cost of sales
-62,836
-61,516
Deterioration 2.1
Insurance service expenses
-454
-408
Deterioration 11.3
Net expenses from reinsurance contracts held
-48
-37
Deterioration 29.7
Gross profit/(loss)
4,849
3,361
Up 44.3
Administrative expenses
-2,028
-1,951
Deterioration 3.9
Operating profit/(loss)
2,821
1,410
Up 100.1
Share of post-tax profits of joint ventures and associates
6
8
Down 25.0
Finance income
267
87
Up 206.9
Finance costs
-805
-623
Deterioration 29.2
Profit/(loss) before tax from continuing operations
2,289
882
Up 159.5
Taxation
-525
-224
Deterioration 134.4
Profit/(loss) for the year from continuing operations
1,764
658
Up 168.1
Discontinued operations
Profit/(loss) for the year from discontinued operations
-572
78
Deterioration
Profit/(loss) for the year
1,192
736
Up 62.0
Attributable to:
Owners of the parent
1,188
737
Up 61.2
Non-controlling interests
4
-1
Recovery
1,192
736
Up 62.0
Earnings per share from continuing and discontinued operations
Basic
17.0 GBX
10.0 GBX
Up 70.0
Diluted
17.0 GBX
10.0 GBX
Up 70.0
Earnings per share from continuing operations
Basic
25.0 GBX
9.0 GBX
Up 177.8
Diluted
25.0 GBX
9.0 GBX
Up 177.8
Weighted average number of ordinary share Basic
7,097,000,000
7,415,000,000
Down 4.3
Weighted average number of ordinary share Diluted
7,176,000,000
7,482,000,000
Down 4.1
BALANCE SHEET AS REPORTED (FY 2024 [year-ended 24 February 2024 ])
Description
GBP Million
GBP Million
Feb 24, 2024
Dec 25, 2023
Change %
Non-current assets
Goodwill and other intangible assets
5,066
5,375
Down 5.7
Property plant and equipment
17,221
16,862
Up 2.1
Right of use assets
5,478
5,500
Down 0.4
Investment property
24
24
Steady
Investments in joint ventures and associates
102
93
Up 9.7
Other investments
1,546
1,339
Up 15.5
Trade and other receivables
36
79
Down 54.4
Loans and advances to customers
3,029
Reinsurance contract assets
125
135
Down 7.4
Derivative financial instruments
781
873
Down 10.5
Post-employment benefit surplus
22
6
Up 266.7
Deferred tax assets
32
84
Down 61.9
30,433
33,399
Down 8.9
Current assets
Other investments
206
353
Down 41.6
Inventories
2,635
2,510
Up 5.0
Trade and other receivables
1,349
1,235
Up 9.2
Loans and advances to customers
3,948
Derivative financial instruments
55
57
Down 3.5
Current tax assets
110
63
Up 74.6
Short-term investments
2,128
1,628
Up 30.7
Cash and cash equivalents
2,340
2,465
Down 5.1
8,823
12,259
Down 28.0
Assets of the disposal group and non-current assets classified as held for sale
7,783
210
Up 3,606.2
16,606
12,469
Up 33.2
Current liabilities
Trade and other payables
-10,264
-9,762
Deterioration 5.1
Borrowings
-1,536
-1,770
Improved 13.2
Lease liabilities
-584
-595
Improved 1.8
Provisions
-306
-366
Improved 16.4
Insurance contract liabilities
-526
-501
Deterioration 5.0
Customer deposits and deposits from banks
-108
-4,485
Improved 97.6
Derivative financial instruments
-25
-99
Improved 74.7
Current tax liabilities
-1
-18
Improved 94.4
-13,350
-17,596
Improved 24.1
Liabilities of the disposal group classified as held for sale
-7,122
-14
Deterioration 50,771.4
-20,472
-17,610
Deterioration 16.3
Net current liabilities
-3,866
-5,141
Improved 24.8
Non-current liabilities
Trade and other payables
-39
-54
Improved 27.8
Borrowings
-5,683
-5,581
Deterioration 1.8
Lease liabilities
-7,038
-7,132
Improved 1.3
Provisions
-175
-194
Improved 9.8
Customer deposits and deposits from banks
-800
-2,265
Improved 64.7
Derivative financial instruments
-241
-288
Improved 16.3
Post-employment benefit deficit
-657
-400
Deterioration 64.2
Deferred tax liabilities
-269
-119
Deterioration 126.1
-14,902
-16,033
Improved 7.1
Net assets
11,665
12,225
Down 4.6
Equity
Share capital
445
463
Down 3.9
Share premium
5,165
5,165
Steady
Other reserves
3,131
3,139
Down 0.3
Retained earnings
2,930
3,469
Down 15.5
Equity attributable to owners of the parent
11,671
12,236
Down 4.6
Non-controlling interests
-6
-11
Improved 45.5
Total equity
11,665
12,225
Down 4.6
CASH FLOW AS REPORTED (FY 2024 [year-ended 24 February 2024 ])
Operating profit/(loss) of discontinued operations
-659
98
Deterioration
Depreciation and amortisation
1,723
1,700
Up 1.4
(Profit)/loss arising on sale of property plant and equipment investment property intangible assets assets classified as held for sale and early termination of leases
-53
-76
Improved 30.3
(Profit)/loss arising from sale of other investments
3
(Profit)/loss arising on sale of joint ventures and associates
-9
(Profit)/loss arising on sale of subsidiaries
-12
Net impairment (reversal)/loss on property plant and equipment right of use assets intangible assets and investment property
-28
982
Deterioration
Net remeasurement loss on non-current assets held for sale
720
23
Up 3,030.4
Defined benefit pension scheme payments
-29
-23
Deterioration 26.1
Share-based payments
78
59
Up 32.2
Fair value movements included in operating profit/(loss)
71
70
Up 1.4
Retail (increase)/decrease in inventories
-150
-147
Deterioration 2.0
Retail (increase)/decrease in trade and other receivables
-118
-54
Deterioration 118.5
Retail increase/(decrease) in trade and other payables
714
643
Up 11.0
Retail increase/(decrease) in provisions
-72
75
Deterioration
Retail (increase)/decrease in working capital
374
517
Down 27.7
Tesco Bank (increase)/decrease in loans and advances to customers
-714
-690
Deterioration 3.5
Tesco Bank (increase)/decrease in trade reinsurance and other receivables
-9
83
Deterioration
Tesco Bank increase/(decrease) in customer and bank deposits trade insurance liabilities and other payables
584
348
Up 67.8
Tesco Bank increase/(decrease) in provisions
28
-7
Recovery
Tesco Bank (increase)/decrease in working capital
-111
-266
Improved 58.3
Cash generated from/(used in) operations
4,886
4,497
Up 8.7
Interest paid
-824
-652
Deterioration 26.4
Corporation tax paid
-223
-123
Deterioration 81.3
Net cash generated from/(used in) operating activities
Repayment of capital element of obligations under leases
-627
-593
Deterioration 5.7
Cash outflows exceeding the incremental increase in assets in a property buyback
-62
-21
Deterioration 195.2
Increase in borrowings
1,232
Repayment of borrowings
-775
-709
Deterioration 9.3
Cash inflows from derivative financial instruments
98
232
Down 57.8
Cash outflows from derivative financial instruments
-102
-371
Improved 72.5
Dividends paid to equity owners
-778
-859
Improved 9.4
Net cash generated from/(used in) financing activities
-1,859
-3,188
Improved 41.7
Net increase/(decrease) in cash and cash equivalents
280
-172
Recovery
Cash and cash equivalents at the beginning of the year
1,565
1,771
Down 11.6
Effect of foreign exchange rate changes
29
-34
Recovery
Cash and cash equivalents including cash held in the disposal group at the end of the year
1,874
1,565
Up 19.7
Less: Cash held in the disposal group
-346
Cash and cash equivalents at the end of the year
1,528
1,565
Down 2.4
Download TESCO Financials Past 10 Years
Description
Feb 22
Feb 21
Feb 20
Feb 19
Feb 18
Income Statement
Sales (B)
58.1
63.9
63.9
Tax (M)
(510)
(104)
(290)
(354)
(347)
Net profit
1.5 B
6 B
971 M
1.3 B
1.3 B
EPS
0.19
0.62
0.13
0.17
0.17
Balance Sheet
Equity Share Capital (B)
15.7
13.3
13.4
13.5
9.2
Retained Earnings (B)
6.9
4
4.1
4.1
3
Total Debt (B)
7.9
8.8
8.8
17
18.1
Total Assets (B)
49.4
53.1
53.1
57
52.8
Current Asset (B)
12.2
13.9
13.9
12.6
13.7
Fixed Asset (B)
17.1
19.2
19.2
19.2
18.7
Working Capital (B)
(4)
(4.8)
(4.8)
(8.4)
(5.9)
Cash Flow
Operating Cash Flow
3.8 B
602 M
48 M
Investing Cash Flow (B)
(1.7)
6.2
2.4
Financing Cash Flow (B)
(2.2)
(7.8)
(1.9)
Net Cash Flow
(212 M)
(1.1 B)
506 M
Description
Feb 17
Feb 16
Feb 15
Feb 14
Feb 13
Income Statement
Revenue per share
6.85
4.77
7.02
7.88
7.91
Other Revenue (M)
42
60
72
EBITDA (B)
(4.1)
3.8
4.2
EBIT (B)
1.1
(5.7)
2.3
2.6
Interest (M)
633.3
651.1
517
Profit before tax
145.7 M
(6.3 B)
2.3 B
2.1 B
Tax (M)
(87)
39
(670.1)
347
529
Net profit
(54 M)
99.5 M
(5.7 B)
974 M
28 M
EPS
(0.01)
0.02
(0.9)
0.15
Balance Sheet
Retained Earnings
332 M
2.4 B
2 B
9.7 B
10.5 B
Total Debt (B)
12
2
12.7
11.2
10.8
Total Assets (B)
45.9
31.7
44.2
50.2
50.1
Current Asset (B)
15.4
10.6
12
15.6
13.1
Fixed Asset (B)
18.1
12.9
20.6
24.5
26.9
Working Capital (B)
(4)
(2.3)
(7.8)
(5.8)
(5.9)
Cash Flow
Operating Cash Flow
2 B
1.5 B
484.1 M
3.2 B
2.8 B
Investing Cash Flow
279 M
(443.6 M)
(2 B)
(2.9 B)
(278 M)
Financing Cash Flow
(1.4 B)
(435.7 M)
814.1 M
56 M
(2.4 B)
Net Cash Flow (M)
881
654.2
(717.1)
387
194
Dividend
Dividend History
In the past 5 years annual dividends have increased by GBX2.3 from GBX8.6 to GBX10.9. Based on a start date of 5 years ago, there has been two decline in dividends over the last 5 years.
Date Paid
Value (GBP)
Type
12 Oct 2023
3.85
Interim
11 May 2023
7.05
Final
Tr 12 Months
10.9
2022 - 2023
11.55
2021 - 2022
9.15
2020 - 2021
76.79
2019 - 2020
8.55
Top Management and Board of Directors
Top Management
Top Management [Six top executives with tenure > 7 yrs]
Name
Designation
Since Appointment
Robert Welch
Company Secretary
7 Yrs, 8 Mos
Ken Murphy
Chief Executive Officer, Executive Director
-
Gerry Murphy
Non-Executive Chairman
-
Imran Nawaz
Chief Financial Officer, Executive Director
-
Guus Dekkers
Chief Technology Officer
-
Ashwin Prasad
Chief Product Officer
-
Board Of Directors
Board Of Directors [Nine directors with tenure < 4 yrs]
Name
Designation
Since Appointment
Karen Whitworth
Non-Executive Director
3 Yrs, 3 Mos
Stewart Charles Gilliland
Independent Non-Executive Director
-
Melissa W. Bethell
Independent Non-Executive Director
-
Carolyn Fairbairn
Independent Non-Executive Director
-
Caroline Silver
Independent Non-Executive Director
-
Bertrand Bodson
Independent Non-Executive Director
-
Byron Grote
Independent Non-Executive Director
-
Thierry Garnier
Independent Non-Executive Director
-
Alison Platt
Non-Executive Director
-
Profiles of Top Management
Robert Welch
Company Secretary
Robert Welch was appointed as Group Company Secretary on 10 August 2016.
Robert has worked as a company secretary for over 25 years during which time he has held the positions of Group Company Secretary at FirstGroup plc and Company Secretary at Kazakhmys PLC. Robert has also held positions at BPB plc and Kwik Save Group PLC.
Shareholder Value: Creation of shareholder value in Tesco:
Date of appointment: August 10, 2016
In the last 5 years the average annualized return to shareholders was 17.8%. The present value of GBP1,000 (PV1000) invested 5 years ago is now GBP2,272, a gain of GBP378 and dividend reinvested of GBP894.
Profiles of Board of Directors
Byron Grote
Independent Non-Executive Director
He is also currently a Non-executive Director on the Boards of Anglo American, Akzo Nobel NV and Standard Chartered and was previously a Non-executive Director of Unilever. Byron served as an Executive Director at BP from 2000 until 2013. He was the Chief Financial Officer at BP from 2002 until 2011, following two years as Chief Executive of BP Chemicals.
Alison Platt
Non-Executive Director
Alison Platt is the Chief Executive of Countrywide plc, the UK's largest property services group, and has a wealth of relevant experience of the property sector and customer service delivery. She also has significant business to business and international commercial experience. Alison was previously Managing Director at Bupa, responsible for International Development Markets, and has held a range of senior posts including Chief Operating Officer of the UK private hospitals business at Bupa and a number of senior positions in British Airways. She is a non-executive director of Cable & Wireless Communications plc, and was previously chair of 'Opportunity Now', which seeks to accelerate change for women in the workplace. Alison was also a non-executive director of the Foreign & Commonwealth Office between 2005 and 2010.
Gerry Murphy [Non-Executive Chairman] Reported Buying In The Past 12 Months
Month
No. of Shares
Price, GBP
Value, GBP
November 21, 2023
50,000
2.76
138,138
Carolyn Fairbairn [Independent Non-Executive Director] Reported Buying In The Past 12 Months
Month
No. of Shares
Price, GBP
Value, GBP
January 15, 2024
35,000
3.0
104,842
Ken Murphy [CEO] Reported Buying In The Past 12 Months
In the past year shares bought per month averaged 52.
Month
No. of Shares
Price, GBP
Value, GBP
April 15, 2024
49
2.82
138
February 19, 2024
49
2.77
136
January 22, 2024
47
2.98
140
December 27, 2023
48
2.88
138
Nov '23
69
2.83
195
Sep '23
103
2.67
275
August 07, 2023
55
0.03
1
July 10, 2023
56
2.47
139
June 13, 2023
52
2.62
136
May 15, 2023
51
0.03
1
April 17, 2023
51
0.03
1
Total: Ken Murphy
630
2.1
1,300
Peer Comparison & Ranking of TSCO
PEER COMPARISON: TSCO IN INDICES
Tesco is a constituent of the following indices.
Its market capitalisation is $25 billion and accounts for 1.0% of the combined MCap of the FTSE 100 Index.
Index Name
MCap of Index ($ b)
TSCO MCap as % of Index
FTSE 100 Index
2,632
1.0
FTSE 350 Index
3,073
0.8
FTSE All-Share Index
3,146
0.8
GLOBAL PEER COMPARISON: TSCO - SIZE (all figures in $)
In its Global Peer Group of 9 companies TSCO is ranked fourth (4) by MCap, Revenue, Total Assets and fifth (5) by Net Profit.
Name (Code)
MCap
Revenue
Net Profit
Total Assets
Rank of TSCO
4
4
5
4
Tesco (TSCO)
25.2B
84.8B
1.5B
58.5B
Walmart (WMT)
480.7B
648.1B
15.5B
252.4B
Target (TGT)
77.3B
107.4B
4.1B
55.4B
Japan Tobacco (2914)
52.7B
18.4B
3.1B
47.1B
Ajinomoto (2802)
18.9B
8.8B
608.5M
9.8B
Asahi Group (2502)
17.4B
17.9B
1.1B
34.2B
Wilmar International (F34)
15.5B
73.4B
2.4B
60.4B
Kirin Holdings (2503)
13.1B
13.8B
729M
18.6B
Carrefour (CA)
11.9B
88.3B
1.4B
60.1B
GLOBAL PEER COMPARISON: TSCO - RELATIVE VALUE INDICATORS
In value terms, comparing relative value of its shares, TSCO is ranked
+ 3 out of 9 by Dividend Yield (%) [3.9]
+ 3 out of 9 by Price/Earnings per share [14.6]
+ 3 out of 9 by Price/Book value per share [4.4]
Name (Code)
Currency Code
Last Price
Div Yld (%)
P/E
P/S
P/Book
Rank of TSCO by value
3
3
3
Tesco (TSCO)
GBX
282.7
3.9
14.6
4.4
Walmart (WMT)
USD
59.7
1.3
29.6
0.8
11.2
Target (TGT)
USD
167.5
2.7
20.9
0.7
5.7
Japan Tobacco (2914)
JPY
4,075
4.6
15.0
2.9
7.5
Ajinomoto (2802)
JPY
5,514
1.3
31.3
2.1
4.4
Asahi Group (2502)
JPY
5,328
2.2
16.4
1.0
Wilmar International (F34)
SGD
3.4
5.0
6.5
0.2
Kirin Holdings (2503)
JPY
2,209
3.1
15.9
0.9
2.8
Carrefour (CA)
EUR
15.7
3.6
9.4
0.1
12.8
USD 1=
80.377768 Pence Sterling (GBX); 154.615886 Japanese Yen (JPY); 1.363 Singapore Dollar (SGD); 0.939574 Euro (EUR)
BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Tesco vs United Kingdom Market
Out of 1,128 stocks and 65 units in the United Kingdom Market, Tesco is ranked third(3) by Revenue, fifteenth(15) by Free Cash Flow, Forty-first(41) by Market Cap in $ and Sixty-first(61) by Net Profit $.
United Kingdom Avg
TSCO
TSCO Rank
Revenue $
3.1 B
84.8 B
3
Free Cash Flow
37.8 M
2.8 B
15
Market Cap $
9.9 B
25.2 B
41
Net Profit $
(4.6 B)
1.5 B
61
P/Earnings
-
14.6x
198
ROE (%)
-
15.1
317
Yield (%)
2.03
3.9
322
Price/Net Tangible Assets
0.4x
4.4x
371
Premium to 52-Wk Low (%)
93.4
17.3
420
ROA (%)
-
3.8
658
EBITDA Margin%
12.5
3.4
688
Discount to 52-Wk High (%)
12.2
7.6
825
Total Debt/Equity (the lower the better)
-
1.3x
1060
Negative values are shown in brackets.
GLOBAL RANK [out of 46,435 stocks] AND RANK OF TESCO IN THE EUROPE REGION [out of 7,424 stocks]
Description
Value
Global Rank
In Eur Region
MCap ($)
25.2B
751
155
Total Assets ($)
58.5B
890
189
Revenue ($)
84.8B
169
35
Net Profit ($)
1.5B
923
195
Return on Equity %
15.1
7,872
1,550
Net Profit Margin %
2.6
23,268
3,565
Price to Book
4.4
30,206
3,777
Price/Earnings
14.6
11,112
1,785
Yield %
3.9
8,063
1,595
PV1000 (1Year) $*
1,127
13,942
2,187
$* Change (1Year) %
8.6
14,344
2,252
* 1 year ago GBP 1 = $ 1.24
Apr 18, 2024: GBP 1 equals $ 1.24
RANK OF TESCO IN THE FTSE 100 INDEX [out of 93 stocks], IN THE UNITED KINGDOM MARKET [out of 1215 stocks] AND IN THE FOOD & DRUG RETAILERS SECTOR [out of 4 stocks]
Description
Value
In FTSE 100 Index
In United Kingdom Market
In Food & drug retailers sector
MCap (GBP)
20.3B
26
31
1
Total Assets (GBP)
47B
22
34
1
Revenue (GBP)
68.2B
3
5
1
Net Profit (GBP)
1.2B
26
31
1
Return on Equity %
15.1
34
249
2
Net Profit Margin %
2.6
72
656
2
Price to Book
4.4
37
834
1
Price/Earnings
14.6
29
378
1
Yield %
3.9
33
361
2
PV1000 (1Year) GBX
1,119
42
376
1
LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best]
Tesco is ranked number 1 out of 8 listed food & drug retailers companies in the United Kingdom with a market capitalization of GBP20.3 billion ($25.2 billion).
It has a strong relative ROE of 9.7% and ROA of 3.1%. The company paid a dividend of GBX3.85 in the last twelve months. The dividend yield is high at 3.9%.
Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.
Glossary
ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Cash/MCap: Cash plus Liquids/Market Capitalisation (times)
Current Ratio: Current Assets/Current Liabilities (times)
Debt/Equity: Net Debt/Net Assets %
Dividend Yield: Dividend Per Share/Share Price (%)
Income during the n years (3/2/1): Dividends received during the Period
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Price/Earnings: Share Price/Earnings Per Share (times)
Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
TTM: Trailing 12 Months
Volatility: Highest Price minus Lowest Price/Lowest Price (%)
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.
Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.
Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.
