1 Top Management and Board of Directors; 2 INSIDER BUYING; 3 Peer Comparison & Ranking of TSCO

Top Management and Board of Directors

Top Management
Top Management [Six top executives with tenure > 7 yrs]

NameDesignationSince Appointment
Robert WelchCompany Secretary7 Yrs, 4 Mos
Ken MurphyChief Executive Officer, Executive Director-
Gerry MurphyNon-Executive Chairman-
Imran NawazChief Financial Officer, Executive Director-
Guus DekkersChief Technology Officer-
Ashwin PrasadChief Product Officer-


Board Of Directors
Board Of Directors [Nine directors with tenure < 3 yrs]

NameDesignationSince Appointment
Karen WhitworthNon-Executive Director2 Yrs, 11 Mos
Carolyn FairbairnIndependent Non-Executive Director-
Stewart Charles GillilandIndependent Non-Executive Director-
Melissa W. BethellIndependent Non-Executive Director-
Caroline SilverIndependent Non-Executive Director-
Bertrand BodsonIndependent Non-Executive Director-
Byron GroteIndependent Non-Executive Director-
Thierry GarnierIndependent Non-Executive Director-
Alison PlattNon-Executive Director-



INSIDER BUYING
Insider buying Summary in the past 12 months

NameNo. of SharesPrice, GBPValue, GBP
Gerry Murphy [Non-Executive Chairman]50,0002.8138,138
Ken Murphy [CEO]6632.01,300
Total50,6632.8139,438


Peer Comparison & Ranking of TSCO
PEER COMPARISON: TSCO IN INDICES

Tesco is a constituent of the following indices.

Its market capitalisation is $26 billion and accounts for 1.0% of the combined MCap of the FTSE 100 Index.

Index NameMCap of Index ($ b)TSCO MCap as % of Index
FTSE 100 Index2,569 1.0
FTSE 350 Index2,989 0.9
FTSE All-Share Index3,059 0.9

GLOBAL PEER COMPARISON: TSCO - SIZE (all figures in $)

In its Global Peer Group of 9 companies TSCO is ranked second (2) by Total Assets, fourth (4) by MCap and fifth (5) by Net Profit.


Name (Code)MCapRevenueNet ProfitTotal Assets
Rank of TSCO452
Tesco (TSCO)26B1.9B62.1B
Walmart (WMT)411.7B611.3B11.7B243.2B
Target (TGT)62.4B109.1B2.8B53.3B
Japan Tobacco (2914)52B18B3B44.5B
Ajinomoto (2802)19.9B9.2B638.7M10.3B
Asahi Group (2502)19.1B17.1B1B32.8B
Wilmar International (F34)16.5B73.4B2.4B60.4B
Carrefour (CA)13.2B89.6B1.5B61B
Kirin Holdings (2503)13.2B13.5B753.7M17.3B

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 (%) [3.8]
+ 3 out of 9 by Price/Earnings per share [14.8]
+ 3 out of 9 by Price/Book value per share [4.5]


Name (Code)Currency CodeLast PriceDiv Yld (%)P/EP/SP/Book
Rank of TSCO by value333
Tesco (TSCO)GBX288.53.814.84.5
Walmart (WMT)USD153.11.835.90.711.2
Target (TGT)USD135.23.322.20.65.5
Japan Tobacco (2914)JPY3,8265.415.32.98.3
Ajinomoto (2802)JPY5,5381.331.52.24.4
Asahi Group (2502)JPY5,5662.018.61.1
Wilmar International (F34)SGD3.54.87.00.2
Carrefour (CA)EUR17.23.210.30.114.1
Kirin Holdings (2503)JPY2,117.53.215.71.02.5

USD 1=
79.445009 Pence Sterling (GBX); 147.171623 Japanese Yen (JPY); 1.341 Singapore Dollar (SGD); 0.926854 Euro (EUR)


BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Tesco vs United Kingdom Market

Out of 1,161 stocks and 71 units in the United Kingdom Market, Tesco is ranked nineteenth(19) by Free Cash Flow, Thirty-seventh(37) by Market Cap in $, Fifty-fourth(54) by Net Profit $ and 224th(224) by P/Earnings.

United Kingdom AvgTSCOTSCO Rank
Free Cash Flow135.9 M2.8 B19
Market Cap $9.7 B26 B37
Net Profit $(4.8 B)1.9 B54
P/Earnings-14.9x224
Price/Net Tangible Assets0.3x4.5x389
Yield (%)2.13.8398
ROE (%)-9.7539
ROA (%)-3.1700
Total Debt/Equity (the lower the better)-0.5x812
Premium to 52-Wk Low (%)86.636.4907
Negative values are shown in brackets.

GLOBAL RANK [out of 46,665 stocks] AND RANK OF TESCO IN THE EUROPE REGION [out of 7,428 stocks]

DescriptionValueGlobal RankIn Eur Region
MCap ($)26B712144
Total Assets ($)62.1B859169
Net Profit ($)1.9B759154
Return on Equity %9.713,9992,452
Price to Book4.529,1323,763
Price/Earnings14.810,1941,830
Yield %3.88,6121,769
PV1000 (1Year) $*1,4106,9581,189
$* Change (1Year) %34.27,3721,235

* 1 year ago GBP 1 = $ 1.22
Dec 07, 2023: GBP 1 equals $ 1.26

RANK OF TESCO IN THE FTSE 100 INDEX [out of 93 stocks], IN THE UNITED KINGDOM MARKET [out of 1257 stocks] AND IN THE FOOD & DRUG RETAILERS SECTOR [out of 4 stocks]

DescriptionValueIn FTSE 100 IndexIn United Kingdom MarketIn Food & drug retailers sector
MCap (GBP)20.7B24281
Total Assets (GBP)49.4B23331
Net Profit (GBP)1.5B25281
Return on Equity %9.7504272
Price to Book4.5368631
Price/Earnings14.9354091
Yield %3.8364242
PV1000 (1Year) GBX1,368211542

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 GBP20.7 billion ($26 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 3.8%.
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.

1 Dividend; 2 Financials as Reported H1/2023, Past 10 Years

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 PaidValue (GBP)Type
12 Oct 20233.85Interim
11 May 20237.05Final
Tr 12 Months10.9
2021 - 202211.55
2020 - 202173.66
2019 - 202012.28
2018 - 20198.55


Financials as Reported H1/2023, Past 10 Years
Financials as reported (Half Year)

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In GBP Million, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED

DescriptionGBP MillionGBP Million
Jun 3020232022Change %
Continuing operations
Retail revenue33,44731,916Up 4.8
Tesco Bank interest and similar income479376Up 27.4
Insurance revenue223227Down 1.8
Revenue34,14932,519Up 5.0
Cost of sales-31,322-30,577Deterioration 2.4
Insurance service expenses-206-204Deterioration 1.0
Net expenses from reinsurance contracts held-27-32Improved 15.6
Impairment loss on financial assets-34-42Improved 19.0
Gross profit/(loss)2,5601,664Up 53.8
Administrative expenses-1,078-943Deterioration 14.3
Operating profit/(loss)1,482721Up 105.5
Share of post-tax profits of joint ventures and associates42Up 100.0
Finance income13119Up 589.5
Finance costs-400-346Deterioration 15.6
Profit/(loss) before tax1,217396Up 207.3
Taxation-288-144Deterioration 100.0
Profit/(loss) for the period from continuing operations929252Up 268.7
Discontinued operations
Profit/(loss) for the period from discontinued operations-7
Profit/(loss) for the period929245Up 279.2
Attributable to:
Owners of the parent927240Up 286.2
Non-controlling interests25Down 60.0
929245Up 279.2
Earnings per share from continuing and discontinued operations
Basic12.93 GBX3.21 GBXUp 302.8
Diluted12.83 GBX3.18 GBXUp 303.5
Earnings per share from continuing operations
Basic12.93 GBX3.30 GBXUp 291.8
Diluted12.83 GBX3.27 GBXUp 292.4
NO OF SHARES BASIC7,172,000,0007,492,000,000Down 4.3
NO OF SHARES DILUTED7,226,000,0007,565,000,000Down 4.5

BALANCE SHEET AS REPORTED

DescriptionGBP MillionGBP Million
Jun 30, 2023Dec 31, 2022Change %
Non-current assets
Goodwill and other intangible assets5,3675,375Down 0.1
Property plant and equipment16,79016,862Down 0.4
Right of use assets5,5225,500Up 0.4
Investment property2524Up 4.2
Investments in joint ventures and associates9793Up 4.3
Other investments1,3601,339Up 1.6
Trade and other receivables6879Down 13.9
Loans and advances to customers3,3623,029Up 11.0
Reinsurance contract assets110135Down 18.5
Derivative financial instruments851873Down 2.5
Post-employment benefit surpluses226Up 266.7
Deferred tax assets7684Down 9.5
33,65033,399Up 0.8
Current assets
Other investments325353Down 7.9
Inventories2,8562,510Up 13.8
Trade and other receivables1,2831,240Up 3.5
Loans and advances to customers4,0603,948Up 2.8
Derivative financial instruments7157Up 24.6
Current tax assets1663Down 74.6
Short-term investments2,6921,628Up 65.4
Cash and cash equivalents2,5262,465Up 2.5
13,82912,264Up 12.8
Assets of the disposal group and non-current assets classified as held for sale141210Down 32.9
13,97012,474Up 12.0
Current liabilities
Trade and other payables-10,591-9,779Deterioration 8.3
Borrowings-2,017-1,770Deterioration 14.0
Lease liabilities-593-595Improved 0.3
Insurance contract liabilities-498-489Deterioration 1.8
Customer deposits and deposits from banks-4,860-4,485Deterioration 8.4
Derivative financial instruments-64-99Improved 35.4
Current tax liabilities-57-18Deterioration 216.7
Provisions-278-366Improved 24.0
-18,958-17,601Deterioration 7.7
Liabilities of the disposal group classified as held for sale-14
-18,958-17,615Deterioration 7.6
Net current liabilities-4,988-5,141Improved 3.0
Non-current liabilities
Trade and other payables-67-54Deterioration 24.1
Borrowings-5,911-5,581Deterioration 5.9
Lease liabilities-7,116-7,132Improved 0.2
Customer deposits and deposits from banks-2,465-2,265Deterioration 8.8
Derivative financial instruments-329-288Deterioration 14.2
Post-employment benefit deficits-200-400Improved 50.0
Deferred tax liabilities-322-119Deterioration 170.6
Provisions-195-194Deterioration 0.5
-16,605-16,033Deterioration 3.6
Net assets12,05712,225Down 1.4
Equity
Share capital451463Down 2.6
Share premium5,1655,165Steady
Other reserves3,0183,139Down 3.9
Retained earnings3,4303,469Down 1.1
Equity attributable to owners of the parent12,06412,236Down 1.4
Non-controlling interests-7-11Improved 36.4
Total equity12,05712,225Down 1.4

CASH FLOW AS REPORTED

DescriptionGBP MillionGBP Million
Jun 3020232022Change %
Cash flows generated from/(used in) operating activities
Operating profit/(loss) of continuing operations1,482721Up 105.5
Operating profit/(loss) of discontinued operations-7
Depreciation and amortisation850849Up 0.1
(Profit)/loss arising on sale of property plant and equipment investment property intangible assets assets classified as held for sale and early termination of leases2-74Recovery
(Profit)/loss arising on sale of subsidiaries-12
Net impairment loss on property plant and equipment right of use assets intangible assets and investment property626
Net remeasurement (gain)/loss of non-current assets held for sale-168Deterioration
Defined benefit pension scheme payments-13-12Deterioration 8.3
Share-based payments1313Steady
Tesco Bank fair value movements included in operating profit3837Up 2.7
Retail (increase)/decrease in inventories-364-244Deterioration 49.2
Retail (increase)/decrease in trade and other receivables-39-183Improved 78.7
Retail increase/(decrease) in trade and other payables764821Down 6.9
Retail increase/(decrease) in provisions-81-51Deterioration 58.8
Retail (increase)/decrease in working capital280343Down 18.4
Tesco Bank (increase)/decrease in loans and advances to customers-480-445Deterioration 7.9
Tesco Bank (increase)/decrease in trade reinsurance and other receivables2671Down 63.4
Tesco Bank increase/(decrease) in customer and bank deposits trade insurance and other payables58358Up 905.2
Tesco Bank increase/(decrease) in provisions-21Deterioration
Tesco Bank (increase)/decrease in working capital127-315Recovery
Cash generated from/(used in) operations2,7512,189Up 25.7
Interest paid-394-309Deterioration 27.5
Corporation tax paid-45-55Improved 18.2
Net cash generated from/(used in) operating activities2,3121,825Up 26.7
Cash flows generated from/(used in) investing activities
Proceeds from sale of property plant and equipment investment property intangible assets and assets classified as held for sale34301Down 88.7
Purchase of property plant and equipment investment property and other long-term assets-499-399Deterioration 25.1
Purchase of intangible assets-138-134Deterioration 3.0
Disposal of subsidiaries net of cash disposed15
Acquisition of subsidiaries net of cash acquired-71
Increase in loans to joint ventures and associates-1
Investments in joint ventures and associates-5-6Improved 16.7
Net (investments in)/proceeds from sale of short-term investments-1,076-179Deterioration 501.1
Proceeds from sale of other investments83148Down 43.9
Purchase of other investments-87-183Improved 52.5
Dividends received from joint ventures and associates65Up 20.0
Interest received11412Up 850.0
Cash inflows from derivative financial instruments3
Cash outflows from derivative financial instruments-15
Net cash generated from/(used in) investing activities-1,565-507Deterioration 208.7
Cash flows generated from/(used in) financing activities
Own shares purchased for cancellation-503-409Deterioration 23.0
Own shares purchased for share schemes-6-4Deterioration 50.0
Repayment of capital element of obligations under leases-308-294Deterioration 4.8
Cash outflows exceeding the incremental increase in assets in a property buyback-15
Increase in borrowings982
Repayment of borrowings-97-29Deterioration 234.5
Cash inflows from derivative financial instruments6879Down 13.9
Cash outflows from derivative financial instruments-66-274Improved 75.9
Dividends paid to equity owners-509-579Improved 12.1
Net cash generated from/(used in) financing activities-454-1,510Improved 69.9
Net increase/(decrease) in cash and cash equivalents293-192Recovery
Cash and cash equivalents at the beginning of the period1,5651,771Down 11.6
Effect of foreign exchange rate changes-95Deterioration
Cash and cash equivalents at the end of the period1,8491,584Up 16.7

Download TESCO Financials Past 10 Years


DescriptionFeb 22Feb 21Feb 20Feb 19Feb 18
Income Statement
Sales (B)58.163.963.9
Tax (M)(510)(104)(290)(354)(347)
Net profit 1.5 B6 B971 M1.3 B1.3 B
EPS 0.190.620.130.170.17
Balance Sheet
Equity Share Capital (B)15.713.313.413.59.2
Retained Earnings (B)6.944.14.13
Total Debt (B)7.98.88.81718.1
Total Assets (B)49.453.153.15752.8
Current Asset (B)12.213.913.912.613.7
Fixed Asset (B)17.119.219.219.218.7
Working Capital (B)(4)(4.8)(4.8)(8.4)(5.9)
Cash Flow
Operating Cash Flow 3.8 B602 M48 M
Investing Cash Flow (B)(1.7)6.22.4
Financing Cash Flow (B)(2.2)(7.8)(1.9)
Net Cash Flow (212 M)(1.1 B)506 M

DescriptionFeb 17Feb 16Feb 15Feb 14Feb 13
Income Statement
Revenue per share 6.854.777.027.887.91
Other Revenue (M)426072
EBITDA (B)(4.1)3.84.2
EBIT (B)1.1(5.7)2.32.6
Interest (M)633.3651.1517
Profit before tax 145.7 M(6.3 B)2.3 B2.1 B
Tax (M)(87)39(670.1)347529
Net profit (54 M)99.5 M(5.7 B)974 M28 M
EPS (0.01)0.02(0.9)0.15
Balance Sheet
Retained Earnings 332 M2.4 B2 B9.7 B10.5 B
Total Debt (B)12212.711.210.8
Total Assets (B)45.931.744.250.250.1
Current Asset (B)15.410.61215.613.1
Fixed Asset (B)18.112.920.624.526.9
Working Capital (B)(4)(2.3)(7.8)(5.8)(5.9)
Cash Flow
Operating Cash Flow 2 B1.5 B484.1 M3.2 B2.8 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 M56 M(2.4 B)
Net Cash Flow (M)881654.2(717.1)387194