Professional
Added to YB: 2026-03-20
Pitch date: 2026-01-27
TSCO.L [neutral]
Tesco PLC
+12.56%
current return
Author Info
No bio for this author
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 31.2B
Pitch Price
GBP 4.23
Price Target
N/A
Dividend
2.90%
EV/EBITDA
8.62
P/E
21.74
EV/Sales
0.58
Sector
Consumer Staples Distribution and Retail
Category
value
Latitude Global Fund Portfolio Holding: Tesco PLC
TSCO.L (holding update): Returned 24% in year, trades 14x P/E despite strong positioning. Mature UK grocery market (~4-5% growth) but high FCF enables 3.5% div yield + 4-5% annual buybacks boosting shareholder returns. Morrisons/Asda balance sheet stress creates share gain opportunity; each 1% share gain from 30% base = 15% EPS boost given fixed costs & low margins.
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