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Ocado Group PLC OCDO

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Stock XLON Rating as of
GBX 384.20 +18.00 (4.92%)
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As of Delayed Price Closed

Company Report

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Ocado Retail: Strong Revenue Growth and Higher Guidance, but Margins Unchanged Amid Price Cuts

Ioannis Pontikis

Ocado Retail, a joint venture between Ocado Group and Marks & Spencer, reported its third-quarter trading update, showing strong performance with retail revenue up 15.5% year on year to GBP 658 million. Volume growth (total items) increased by 15.4%, while average orders per week rose 14.7% to 437,000. The number of active customers grew by 10.3% to 1.06 million, indicating that more customers are shopping with Ocado more frequently due to improved service offerings and better value perception.

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Price vs Fair Value

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OCDO is trading at a 592% premium.
Price
GBX 384.20
Fair Value
GBX 839.00
Uncertainty
Very High
1-Star Price
GBX 9,373.00
5-Star Price
GBX 731.00
Economic Moat
Nhphr
Capital Allocation
Wcywnxvj

Bulls Say, Bears Say

Bulls

We see Ocado Smart Platform as one of the most efficient and reliable end-to-end online fulfillment solutions for the grocery market nowadays.

Bears

There is considerable execution risk involved in rolling out committed CFCs for partners/grocers over the next few years.

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News

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Trading Information

Previous Close Price
GBX 366.20
Day Range
GBX 366.10–384.20
52-Week Range
GBX 278.17–798.80
Bid/Ask
GBX 287.00 / GBX 400.00
Market Cap
GBX 315.36 Bil
Volume/Avg
2.7 Mil / 3.3 Mil

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
1.05
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
—

Company Profile

Ocado, one of the largest pure online grocers in the world, operates in two divisions. Ocado Retail is the group's online grocery business in the United Kingdom, a joint venture with Marks & Spencer; it offers an extensive product range of over 55,000 items via its Ocado.com website and holds more than 15% of the U.K. online grocery market and approximately 2% of the total U.K. grocery market. Ocado Solutions is built on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that involves the provision of software, fulfillment infrastructure, and support services to corporate clients for a variety of one-time and ongoing costs. OSP has allowed the company to work with some of the world's largest grocers, including Ocado's retail operation.
Sector
Consumer Defensive
Industry
Grocery Stores
Stock Style Box
Mid Value
Total Number of Employees
18,869
Website
https://www.ocadogroup.com

Competitors

Valuation

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Metric
OCDO
AMZN
TSCO
Price/Earnings (Normalized)
 —43.9715.14
Price/Book Value
 2.318.342.15
Price/Sales
 1.053.310.38
Price/Cash Flow
 27.5217.417.24
Price/Earnings
OCDO
AMZN
TSCO

Financial Strength

Metric
OCDO
AMZN
TSCO
Quick Ratio
 2.130.880.30
Current Ratio
 2.351.100.81
Interest Coverage
 −2.1719.263.47
Quick Ratio
OCDO
AMZN
TSCO

Profitability

Metric
OCDO
AMZN
TSCO
Return on Assets (Normalized)
 −8.48%12.54%3.59%
Return on Equity (Normalized)
 −26.28%32.13%14.01%
Return on Invested Capital (Normalized)
 −9.41%18.92%7.75%
Return on Assets
OCDO
AMZN
TSCO

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