Ocado Group plc

BATS-CHIXE:OCDOL Stock Report

Market Cap: UK£2.7b

Ocado Group Valuation

Is OCDOL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OCDOL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OCDOL (£3.25) is trading above our estimate of fair value (£2.34)

Significantly Below Fair Value: OCDOL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OCDOL?

Key metric: As OCDOL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for OCDOL. This is calculated by dividing OCDOL's market cap by their current revenue.
What is OCDOL's PS Ratio?
PS Ratio0.9x
SalesUK£3.00b
Market CapUK£2.66b

Price to Sales Ratio vs Peers

How does OCDOL's PS Ratio compare to its peers?

The above table shows the PS ratio for OCDOL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
SBRY J Sainsbury
0.2x1.9%UK£6.4b
MKS Marks and Spencer Group
0.6x3.2%UK£7.9b
TSCO Tesco
0.4x2.2%UK£25.0b
CBOX Cake Box Holdings
1.9x8.1%UK£75.0m
OCDOL Ocado Group
0.9x8.0%UK£2.7b

Price-To-Sales vs Peers: OCDOL is expensive based on its Price-To-Sales Ratio (0.9x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does OCDOL's PS Ratio compare vs other companies in the European Consumer Retailing Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
No. of Companies13PS00.40.81.21.62+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: OCDOL is expensive based on its Price-To-Sales Ratio (0.9x) compared to the European Consumer Retailing industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is OCDOL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OCDOL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: OCDOL is expensive based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OCDOL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£3.25
UK£4.64
+43.0%
42.9%UK£9.20UK£2.35n/a13
Dec ’25UK£3.16
UK£4.68
+48.1%
42.1%UK£9.20UK£2.35n/a13
Nov ’25UK£3.50
UK£4.68
+33.5%
42.1%UK£9.20UK£2.35n/a13
Oct ’25UK£3.98
UK£4.51
+13.4%
44.1%UK£9.20UK£2.30n/a14
Sep ’25UK£3.40
UK£6.27
+84.4%
105.3%UK£29.00UK£2.30n/a14
Aug ’25UK£4.00
UK£6.56
+64.1%
103.0%UK£29.00UK£2.35n/a13
Jul ’25UK£2.89
UK£6.76
+133.9%
97.7%UK£29.00UK£2.15n/a14
Jun ’25UK£3.77
UK£7.20
+90.9%
87.1%UK£29.00UK£2.30n/a15
May ’25UK£3.43
UK£7.42
+116.2%
83.5%UK£29.00UK£2.30n/a15
Apr ’25UK£4.54
UK£7.85
+72.9%
79.4%UK£29.00UK£2.30n/a15
Mar ’25UK£4.79
UK£8.09
+68.7%
75.2%UK£29.00UK£3.75n/a15
Feb ’25UK£5.15
UK£8.40
+63.0%
73.7%UK£29.00UK£3.90n/a15
Jan ’25UK£7.60
UK£8.79
+15.6%
73.5%UK£29.00UK£3.90UK£3.0215
Dec ’24UK£5.96
UK£8.78
+47.3%
74.3%UK£29.00UK£3.90UK£3.1615
Nov ’24UK£4.74
UK£9.03
+90.8%
71.9%UK£29.00UK£3.90UK£3.5015
Oct ’24UK£6.04
UK£9.29
+53.7%
68.3%UK£29.00UK£3.90UK£3.9815
Sep ’24UK£8.71
UK£9.08
+4.3%
67.8%UK£29.00UK£3.90UK£3.4016
Aug ’24UK£9.36
UK£9.08
-2.9%
67.8%UK£29.00UK£3.90UK£4.0016
Jul ’24UK£5.65
UK£8.12
+43.8%
79.4%UK£29.00UK£3.10UK£2.8917
Jun ’24UK£3.54
UK£8.20
+131.3%
78.0%UK£29.00UK£3.55UK£3.7717
May ’24UK£5.02
UK£9.16
+82.5%
76.4%UK£29.00UK£3.55UK£3.4313
Apr ’24UK£5.38
UK£9.58
+78.1%
69.3%UK£29.00UK£3.55UK£4.5414
Mar ’24UK£5.35
UK£9.92
+85.5%
61.4%UK£29.00UK£3.75UK£4.7916
Feb ’24UK£6.60
UK£10.08
+52.6%
61.9%UK£29.00UK£3.75UK£5.1516
Jan ’24UK£6.20
UK£9.81
+58.4%
59.5%UK£29.00UK£3.90UK£7.6018

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 07:13
End of Day Share Price 2025/01/03 00:00
Earnings2024/06/02
Annual Earnings2023/12/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ocado Group plc is covered by 37 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Philip DorganAltium Capital Limited
Sarah RobertsBarclays
James AnsteadBarclays