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Ocado Group

LSE:OCDO
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OCDO
LSE
£8B
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The last earnings update was 8 days ago. More info.


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  • Ocado Group has significant price volatility in the past 3 months.
OCDO Share Price and Events
7 Day Returns
-5.6%
LSE:OCDO
-1.4%
GB Online Retail
0.6%
GB Market
1 Year Returns
9.4%
LSE:OCDO
-16.2%
GB Online Retail
-1.1%
GB Market
OCDO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ocado Group (OCDO) -5.6% 0.8% -18% 9.4% 331.4% 203.8%
GB Online Retail -1.4% -1.8% -13.1% -16.2% 60.9% 87%
GB Market 0.6% 2.3% 0.7% -1.1% 12.3% 7.2%
1 Year Return vs Industry and Market
  • OCDO outperformed the Online Retail industry which returned -16.2% over the past year.
  • OCDO outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.1% over the past year.
Price Volatility
OCDO
Industry
5yr Volatility vs Market

OCDO Value

 Is Ocado Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ocado Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ocado Group.

LSE:OCDO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:OCDO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.64 (1 + (1- 19%) (4.5%))
1.469
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.469 * 6.65%)
11%

Discounted Cash Flow Calculation for LSE:OCDO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ocado Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:OCDO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 11%)
2020 -222.07 Analyst x5 -200.07
2021 -117.55 Analyst x2 -95.41
2022 -76.20 Analyst x1 -55.72
2023 48.20 Analyst x1 31.75
2024 73.18 Est @ 51.82% 43.43
2025 99.99 Est @ 36.64% 53.47
2026 126.01 Est @ 26.02% 60.71
2027 149.43 Est @ 18.58% 64.86
2028 169.41 Est @ 13.38% 66.25
2029 185.90 Est @ 9.73% 65.49
Present value of next 10 years cash flows £34.76
LSE:OCDO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £185.90 × (1 + 1.23%) ÷ (11% – 1.23%)
£1,926.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,926.17 ÷ (1 + 11%)10
£678.57
LSE:OCDO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £34.76 + £678.57
£713.33
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £713.33 / 697.96
£1.02
LSE:OCDO Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.02
Current discount Discount to share price of £11.47
= -1 x (£11.47 - £1.02) / £1.02
-1022.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ocado Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ocado Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ocado Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:OCDO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-02) in GBP £-0.25
LSE:OCDO Share Price ** LSE (2019-07-17) in GBP £11.47
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PE Ratio Median Figure of 8 Publicly-Listed Online Retail Companies 29.56x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 790 Publicly-Listed Companies 16.51x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ocado Group.

LSE:OCDO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:OCDO Share Price ÷ EPS (both in GBP)

= 11.47 ÷ -0.25

-46.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ocado Group is loss making, we can't compare its value to the GB Online Retail industry average.
  • Ocado Group is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Ocado Group's expected growth come at a high price?
Raw Data
LSE:OCDO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -46.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
63.3%per year
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PEG Ratio Median Figure of 5 Publicly-Listed Online Retail Companies 2.02x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ocado Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ocado Group's assets?
Raw Data
LSE:OCDO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-02) in GBP £0.55
LSE:OCDO Share Price * LSE (2019-07-17) in GBP £11.47
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PB Ratio Median Figure of 18 Publicly-Listed Online Retail Companies 4.34x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.52x
LSE:OCDO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:OCDO Share Price ÷ Book Value per Share (both in GBP)

= 11.47 ÷ 0.55

20.77x

* Primary Listing of Ocado Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ocado Group is overvalued based on assets compared to the GB Online Retail industry average.
X
Value checks
We assess Ocado Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check)
  5. Ocado Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OCDO Future Performance

 How is Ocado Group expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
63.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ocado Group expected to grow at an attractive rate?
  • Ocado Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Ocado Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Ocado Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:OCDO Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:OCDO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 63.3%
LSE:OCDO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 12.2%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 38.2%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:OCDO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:OCDO Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-11-30 2,895 149 2
2022-11-30 2,592 34 2
2021-11-30 2,281 200 1 10
2020-11-30 2,018 158 -28 14
2019-11-30 1,770 83 -62 13
LSE:OCDO Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-02 1,686 82 -174
2019-03-02 1,642 105 -109
2018-12-02 1,599 128 -45
2018-09-02 1,565 120 -40
2018-06-03 1,536 108 -30
2018-03-03 1,495 113 -19
2017-12-03 1,455 118 -8
2017-09-03 1,432 102 6
2017-05-28 1,401 96 11
2017-02-28 1,336 97 12
2016-11-27 1,271 97 12
2016-08-27 1,228 94 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ocado Group's earnings are expected to grow significantly at over 20% yearly.
  • Ocado Group's revenue is expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:OCDO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Ocado Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:OCDO Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-11-30 0.21 0.21 0.21 1.00
2022-11-30 0.04 0.04 0.04 1.00
2021-11-30 -0.04 0.11 -0.27 7.00
2020-11-30 -0.06 0.02 -0.23 9.00
2019-11-30 -0.12 -0.07 -0.24 7.00
LSE:OCDO Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-02 -0.25
2019-03-02 -0.16
2018-12-02 -0.07
2018-09-02 -0.06
2018-06-03 -0.05
2018-03-03 -0.03
2017-12-03 -0.01
2017-09-03 0.01
2017-05-28 0.02
2017-02-28 0.02
2016-11-27 0.02
2016-08-27 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ocado Group will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Ocado Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ocado Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OCDO Past Performance

  How has Ocado Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ocado Group's growth in the last year to its industry (Online Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ocado Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ocado Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ocado Group's 1-year growth to the GB Online Retail industry average as it is not currently profitable.
Earnings and Revenue History
Ocado Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ocado Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:OCDO Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-02 1,685.80 -174.00 828.10
2019-03-02 1,642.30 -109.45 739.80
2018-12-02 1,598.80 -44.90 651.50
2018-09-02 1,565.10 -39.70 625.55
2018-06-03 1,536.00 -29.90 599.60
2018-03-03 1,495.25 -19.10 575.45
2017-12-03 1,454.50 -8.30 551.30
2017-09-03 1,432.20 6.05 534.75
2017-05-28 1,400.60 11.10 518.20
2017-02-28 1,335.80 11.55 491.90
2016-11-27 1,271.00 12.00 465.60
2016-08-27 1,227.55 12.60 449.80
2016-05-15 1,184.10 13.20 434.00
2016-02-15 1,145.85 12.50 418.60
2015-11-29 1,107.60 11.80 403.20
2015-08-29 1,067.25 9.40 385.90
2015-05-17 1,026.90 7.00 368.60
2015-02-17 987.90 7.15 352.05
2014-11-30 948.90 7.30 335.50
2014-08-31 907.40 3.05 317.45
2014-05-18 865.90 -1.20 299.40
2014-02-18 829.00 -6.85 283.85
2013-12-01 792.10 -12.50 268.30
2013-09-01 759.30 -9.45 251.90
2013-05-19 726.50 -6.40 235.50
2013-02-19 702.55 -4.40 227.00
2012-12-02 678.60 -2.40 218.50
2012-09-02 654.14 -2.40 212.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Ocado Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ocado Group has efficiently used its assets last year compared to the GB Online Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ocado Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ocado Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ocado Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OCDO Health

 How is Ocado Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ocado Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ocado Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ocado Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ocado Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ocado Group Company Filings, last reported 1 month ago.

LSE:OCDO Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-02 382.20 244.80 360.10
2019-03-02 382.20 244.80 360.10
2018-12-02 556.60 244.30 410.80
2018-09-02 556.60 244.30 410.80
2018-06-03 604.30 243.80 447.60
2018-03-03 604.30 243.80 447.60
2017-12-03 247.60 243.30 150.00
2017-09-03 270.70 243.30 150.00
2017-05-28 273.10 92.20 37.80
2017-02-28 273.10 92.20 37.80
2016-11-27 262.40 59.00 50.90
2016-08-27 262.40 59.00 50.90
2016-05-15 255.20 18.20 52.70
2016-02-15 255.20 18.20 52.70
2015-11-29 241.90 9.30 45.80
2015-08-29 241.90 9.30 45.80
2015-05-17 231.70 4.40 70.40
2015-02-17 231.70 4.40 70.40
2014-11-30 218.20 6.70 76.30
2014-08-31 218.20 6.70 76.30
2014-05-18 215.40 8.20 110.30
2014-02-18 215.40 8.20 110.30
2013-12-01 202.40 9.50 110.50
2013-09-01 202.40 9.50 110.50
2013-05-19 203.10 48.70 63.00
2013-02-19 203.10 48.70 63.00
2012-12-02 205.70 94.30 89.60
2012-09-02 205.70 94.30 89.60
  • Ocado Group's level of debt (94.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (73.2% vs 94.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Ocado Group has sufficient cash runway for 2.5 years based on current free cash flow.
  • Ocado Group has sufficient cash runway for 2.1 years if free cash flow continues to grow at historical rates of 39.3% each year.
X
Financial health checks
We assess Ocado Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ocado Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OCDO Dividends

 What is Ocado Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ocado Group dividends. Estimated to be 0% next year.
If you bought £2,000 of Ocado Group shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ocado Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ocado Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:OCDO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:OCDO Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-11-30
2022-11-30
2021-11-30 0.00 4.00
2020-11-30 0.00 8.00
2019-11-30 0.00 8.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ocado Group has not reported any payouts.
  • Unable to verify if Ocado Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ocado Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ocado Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Ocado Group's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Ocado Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ocado Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ocado Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OCDO Management

 What is the CEO of Ocado Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tim Steiner
COMPENSATION £3,077,000
AGE 49
TENURE AS CEO 19.5 years
CEO Bio

Mr. Timothy Steiner, OBE, also known as Tim, serves as the Chief Executive Officer of Ocado Group PLC and Ocado Retail Limited. Mr. Steiner worked for eight years as a banker at Goldman Sachs. He has been an Executive Director of Ocado Group PLC since April 13, 2000 and serves as a Founding Director of Ocado Retail Limited. He graduated from Manchester University with an Honours Degree in Economics, Finance and Accountancy in 1992.

CEO Compensation
  • Tim's compensation has increased whilst company is loss making.
  • Tim's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Ocado Group management team in years:

2.4
Average Tenure
54
Average Age
  • The tenure for the Ocado Group management team is about average.
Management Team

Tim Steiner

TITLE
CEO & Executive Director
COMPENSATION
£3M
AGE
49
TENURE
19.5 yrs

Duncan Tatton-Brown

TITLE
CFO & Director
COMPENSATION
£2M
AGE
54
TENURE
6.8 yrs

Mark Richardson

TITLE
COO & Executive Director
COMPENSATION
£2M
AGE
54

Neill Abrams

TITLE
Group General Counsel
COMPENSATION
£1M
AGE
54

Luke G. Jensen

TITLE
CEO of Ocado Solutions & Executive Director
COMPENSATION
£2M
AGE
52
TENURE
2.4 yrs

David Shriver

TITLE
Communications Director
TENURE
1.8 yrs

David Hardiman-Evans

TITLE
Senior Vice President of North America - Ocado Solutions
TENURE
1.8 yrs

Robert Cooper

TITLE
Deputy Company Secretary
Board of Directors Tenure

Average tenure and age of the Ocado Group board of directors in years:

7.4
Average Tenure
54
Average Age
  • The tenure for the Ocado Group board of directors is about average.
Board of Directors

Stuart Alan Rose

TITLE
Non-Executive Chairman
COMPENSATION
£200K
AGE
70
TENURE
6.2 yrs

Tim Steiner

TITLE
CEO & Executive Director
COMPENSATION
£3M
AGE
49
TENURE
19.3 yrs

Duncan Tatton-Brown

TITLE
CFO & Director
COMPENSATION
£2M
AGE
54

Mark Richardson

TITLE
COO & Executive Director
COMPENSATION
£2M
AGE
54
TENURE
7.4 yrs

Neill Abrams

TITLE
Group General Counsel
COMPENSATION
£1M
AGE
54
TENURE
18.8 yrs

Luke G. Jensen

TITLE
CEO of Ocado Solutions & Executive Director
COMPENSATION
£2M
AGE
52
TENURE
1.3 yrs

Andrew Harrison

TITLE
Senior Independent Director
COMPENSATION
£59K
AGE
48
TENURE
0.3 yrs

Julie Southern

TITLE
Non-Executive Director
COMPENSATION
£11K
AGE
60
TENURE
0.8 yrs

Ruth Anderson

TITLE
Non-Executive Director
COMPENSATION
£65K
AGE
65
TENURE
9.3 yrs

Jörn Rausing

TITLE
Non-Executive Director
COMPENSATION
£52K
AGE
59
TENURE
16.3 yrs
Who owns this company?
Recent Insider Trading
  • Ocado Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
24. May 19 Sell Stuart Alan Rose Individual 22. May 19 23. May 19 -600,000 £12.33 £-7,348,615
08. Oct 18 Buy Luke G. Jensen Individual 08. Oct 18 08. Oct 18 12,658 £7.90 £99,987
28. Aug 18 Sell Arthur Seligman Individual 24. Aug 18 24. Aug 18 -4,791,200 £10.60 £-50,786,720
17. Aug 18 Buy Luke G. Jensen Individual 16. Aug 18 16. Aug 18 5,000 £10.42 £52,075
X
Management checks
We assess Ocado Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ocado Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OCDO News

Simply Wall St News

Ocado Group plc (LON:OCDO): What Can We Expect From This High Growth Stock?

Ocado Group plc's (LON:OCDO) latest earnings announcement in February 2019 signalled that losses became smaller relative to the prior year's level as a result of recent tailwinds Below is my commentary, albeit very simple and high-level, on how market analysts predict Ocado Group's earnings growth trajectory over the next couple of years and whether the future looks brighter. … See our latest analysis for Ocado Group Market analysts' consensus outlook for the upcoming year seems pessimistic, with earnings becoming even more negative, generating -UK£60.2m in 2020. … LSE:OCDO Past and Future Earnings, June 29th 2019 While it is useful to understand the growth rate each year relative to today’s value, it may be more insightful gauging the rate at which the earnings are moving on average every year.

Simply Wall St -

Announcing: Ocado Group (LON:OCDO) Stock Soared An Exciting 421% In The Last Three Years

While Ocado Group plc (LON:OCDO) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 15% in the last quarter. … View our latest analysis for Ocado Group Ocado Group isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Arguably the very strong share price gain of 73% a year is very generous when compared to the revenue growth.

Simply Wall St -

Is Ocado Group plc's (LON:OCDO) Balance Sheet A Threat To Its Future?

At this constant level of debt, OCDO currently has UK£411m remaining in cash and short-term investments to keep the business going. … Moreover, OCDO has produced cash from operations of UK£128m during the same period of time, resulting in an operating cash to total debt ratio of 36%, indicating that OCDO’s debt is appropriately covered by operating cash. … Next Steps: OCDO’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Need To Know: Ocado Group plc (LON:OCDO) Insiders Have Been Selling Shares

So before you buy or sell Ocado Group plc (LON:OCDO), you may well want to know whether insiders have been buying or selling. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for Ocado Group Ocado Group Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the , Arthur Seligman, sold UK£52m worth of shares at a price of UK£10.46 per share. … Insider Ownership of Ocado Group For a common shareholder, it is worth checking how many shares are held by company insiders.

Simply Wall St -

Have Insiders Been Selling Ocado Group plc (LON:OCDO) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Ocado Group plc (LON:OCDO). … That means that an insider was selling shares at slightly below the current price (UK£14.00). … Over the last year we saw more insider selling of Ocado Group shares, than buying

Simply Wall St -

How Much is Ocado Group plc's (LON:OCDO) CEO Getting Paid?

First, this article will compare CEO compensation with compensation at other large companies. … According to our data, Ocado Group plc has a market capitalization of UK£9.0b, and pays its CEO total annual compensation worth UK£3.1m. … When we examined a group of companies with market caps over UK£6.1b, we found that their median CEO total compensation was UK£3.7m

Simply Wall St -

Introducing Ocado Group, The Stock That Soared 300% In The Last Three Years

Because Ocado Group is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … In the last 3 years Ocado Group saw its revenue grow at 12% per year. … Some shareholders might think that the share price rise of 59% per year is a lucky result, considering the level of revenue growth.

Simply Wall St -

Does Ocado Group plc's (LON:OCDO) Debt Level Pose A Problem?

Mid-caps stocks, like Ocado Group plc (LON:OCDO) with a market capitalization of UK£6.0b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Don’t forget that this is a general and concentrated examination of Ocado Group’s financial health, so you should conduct further analysis. … See our latest analysis for Ocado Group

Simply Wall St -

Should You Be Worried About Insider Transactions At Ocado Group plc (LON:OCDO)?

So we'll take a look at whether insiders have been buying or selling shares in Ocado Group plc (LON:OCDO). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Over the last year we saw more insider selling of Ocado Group shares, than buying

Simply Wall St -

Does Ocado Group plc's (LON:OCDO) CEO Pay Compare Well With Peers?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Our data indicates that Ocado Group plc is worth UK£5.8b, and total annual CEO compensation is UK£1.2m. … We looked at a group of companies with market capitalizations from UK£3.1b to UK£9.4b, and the median CEO compensation was UK£2.5m.

Simply Wall St -

OCDO Company Info

Description

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company is also involved in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods. Ocado Group plc was founded in 2000 and is headquartered in Hatfield, the United Kingdom.

Details
Name: Ocado Group plc
OCDO
Exchange: LSE
Founded: 2000
£8,005,644,246
697,963,753
Website: http://www.ocadogroup.com
Address: Ocado Group plc
Buildings 1 & 2 Trident Place,
Hatfield Business Park,
Hatfield,
Hertfordshire, AL10 9UL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE OCDO Ordinary Shares London Stock Exchange GB GBP 21. Jul 2010
OTCPK OCDG.F Ordinary Shares Pink Sheets LLC US USD 21. Jul 2010
DB 0OC Ordinary Shares Deutsche Boerse AG DE EUR 21. Jul 2010
BMV OCDO N Ordinary Shares Bolsa Mexicana de Valores MX MXN 21. Jul 2010
BATS-CHIXE OCDOL Ordinary Shares BATS 'Chi-X Europe' GB GBP 21. Jul 2010
OTCPK OCDD.Y SPONSORED ADR Pink Sheets LLC US USD 15. Sep 2015
Number of employees
Current staff
Staff numbers
14,163
Ocado Group employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 21:27
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/07/09
Last earnings reported: 2019/06/02
Last annual earnings reported: 2018/12/02


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.