Ocado Group Valuation

Is OCDO 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 OCDO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate OCDO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate OCDO's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for OCDO. This is calculated by dividing OCDO's market cap by their current revenue.
What is OCDO's PS Ratio?
PS Ratio	0.9x
Sales	UK£3.00b
Market Cap	UK£2.63b

OCDO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.3x
Enterprise Value/EBITDA	73.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for OCDO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.8x
SBRY J Sainsbury	0.2x	1.9%	UK£5.7b
MKS Marks and Spencer Group	0.6x	3.0%	UK£7.4b
TSCO Tesco	0.3x	2.2%	UK£23.3b
CBOX Cake Box Holdings	2x	8.1%	UK£75.6m
OCDO Ocado Group	0.9x	8.4%	UK£2.6b

Price-To-Sales vs Peers: OCDO 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 OCDO's PS Ratio compare vs other companies in the European Consumer Retailing Industry?

10 Companies	Price / Sales	Estimated Growth	Market Cap

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: OCDO is expensive based on its Price-To-Sales Ratio (0.9x) compared to the European Consumer Retailing industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is OCDO'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.

OCDO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	0.4x

Price-To-Sales vs Fair Ratio: OCDO 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 OCDO forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	UK£3.20	UK£4.68 +46.0%	42.1%	UK£9.20	UK£2.35	n/a	13
Nov ’25	UK£3.50	UK£4.68 +33.6%	42.1%	UK£9.20	UK£2.35	n/a	13
Oct ’25	UK£3.94	UK£4.51 +14.4%	44.1%	UK£9.20	UK£2.30	n/a	14
Sep ’25	UK£3.41	UK£6.27 +83.9%	105.3%	UK£29.00	UK£2.30	n/a	14
Aug ’25	UK£4.02	UK£6.56 +63.3%	103.0%	UK£29.00	UK£2.35	n/a	13
Jul ’25	UK£2.88	UK£6.76 +134.7%	97.7%	UK£29.00	UK£2.15	n/a	14
Jun ’25	UK£3.74	UK£7.20 +92.7%	87.1%	UK£29.00	UK£2.30	n/a	15
May ’25	UK£3.43	UK£7.42 +116.1%	83.5%	UK£29.00	UK£2.30	n/a	15
Apr ’25	UK£4.55	UK£7.85 +72.5%	79.4%	UK£29.00	UK£2.30	n/a	15
Mar ’25	UK£4.76	UK£8.09 +69.9%	75.2%	UK£29.00	UK£3.75	n/a	15
Feb ’25	UK£5.16	UK£8.40 +62.7%	73.7%	UK£29.00	UK£3.90	n/a	15
Jan ’25	UK£7.58	UK£8.79 +15.9%	73.5%	UK£29.00	UK£3.90	n/a	15
Dec ’24	UK£5.94	UK£8.78 +47.8%	74.3%	UK£29.00	UK£3.90	n/a	15
Nov ’24	UK£4.76	UK£9.03 +89.8%	71.9%	UK£29.00	UK£3.90	UK£3.50	15
Oct ’24	UK£6.00	UK£9.29 +54.7%	68.3%	UK£29.00	UK£3.90	UK£3.94	15
Sep ’24	UK£8.72	UK£9.08 +4.2%	67.8%	UK£29.00	UK£3.90	UK£3.41	16
Aug ’24	UK£9.38	UK£9.08 -3.1%	67.8%	UK£29.00	UK£3.90	UK£4.02	16
Jul ’24	UK£5.68	UK£8.12 +42.9%	79.4%	UK£29.00	UK£3.10	UK£2.88	17
Jun ’24	UK£3.52	UK£8.20 +132.7%	78.0%	UK£29.00	UK£3.55	UK£3.74	17
May ’24	UK£5.05	UK£9.16 +81.3%	76.4%	UK£29.00	UK£3.55	UK£3.43	13
Apr ’24	UK£5.35	UK£9.58 +79.1%	69.3%	UK£29.00	UK£3.55	UK£4.55	14
Mar ’24	UK£5.30	UK£9.92 +87.4%	61.4%	UK£29.00	UK£3.75	UK£4.76	16
Feb ’24	UK£6.60	UK£10.08 +52.7%	61.9%	UK£29.00	UK£3.75	UK£5.16	16
Jan ’24	UK£6.17	UK£9.81 +59.1%	59.5%	UK£29.00	UK£3.90	UK£7.58	18
Dec ’23	UK£6.65	UK£9.79 +47.3%	59.7%	UK£29.00	UK£3.90	UK£5.94	18
Nov ’23	UK£6.55	UK£9.86 +50.7%	58.7%	UK£29.00	UK£4.20	UK£4.76	18

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.