Professional
Added to YB: 2024-11-19
Pitch date: 2024-09-30
TSCO.L [bullish]
Tesco PLC
-1.84%
current return
Author Info
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Company Info
Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.
Market Cap
GBP 23.2B
Pitch Price
GBP 3.54
Price Target
N/A
Dividend
3.62%
Sector
Consumer Staples Distribution and Retail
Category
value
L1 Capital Long Short Fund Portfolio Holding: Tesco PLC
TSCO.L: UK's top grocer (28% share), strong balance sheet, property assets 70% of mkt cap. Gaining share, cash generative, buybacks from bank sale. 13x FY25 P/E vs peers 20x+. H1 beat, upgraded guidance. Volume growth as inflation eases. Double-digit EPS growth expected.
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