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Tesco PLC's (L: TSCO GBX268.80) stock price decreased GBX2.10 (0.8%) from its previous trading session to close at GBX268.80.
Compared with the FTSE 100 Index which fell 59.9 points (0.8%) in the day, the relative price increase was 0.005%.
Tesco PLC is the largest Food & drug retailers company by market cap in the United Kingdom.
There were 8,710,000 shares worth GBP23.4 million ($28.7 million) traded today. The volume was 0.5 times the average daily trading volume of 16 million shares.
BUYBACK OF SHARES
Tesco announced a buyback of 371,280 shares worth GBP1,004,015 (or $1,228,915) on September 22. The buyback price was GBX270.42.
Reported buyback transactions [TTM]
| Period | No. of shares | Weighted Average price, GBX | Value, GBX |
| Sep 23 | 5,453,970 | 259.3 | 1,414,207,939 |
| Aug 23 | 25,710,192 | 251.91 | 6,476,628,872 |
| Jul 23 | 15,202,912 | 257.22 | 3,910,503,094 |
| Jun 23 | 7,156,436 | 262.84 | 1,880,997,638 |
| May 23 | 47,231,335 | 269.01 | 12,705,471,376 |
| Apr 23 | 1,500,000 | 278.6 | 417,906,000 |
| Feb 23 | 27,544,548 | 246.1 | 6,778,777,021 |
| Jan 23 | 16,270,436 | 243.48 | 3,961,485,582 |
| Dec 22 | 62,252,156 | 225.92 | 14,063,719,845 |
| Nov 22 | 22,169,134 | 226.95 | 5,031,268,350 |
| Oct 22 | 15,230,518 | 205.11 | 3,123,984,043 |
| Total | 245,721,637 |
Net reported buyback transactions: since October 2022: Bought 245,721,637 shares at an average price of GBX15 worth GBP37,131,115.77.
Bearish Turning Point
Relative Strength Index (RSI)
The Relative Strength Index (RSI) of 73.2 has penetrated the overbought line of 70, suggesting the price gain of 4.6% in the last 14 days is unusually high. The RSI was previously 61.0.
TESCO (TSCO) Stock Dashboard [traded in British Pound, GBP] End-of-Day
| Exchange | UNITED KINGDOM [CHI-X (UK), London] | 52-Week Price Range | 189.42 - 277.87 |
| Currency | 1.000 GBP = 1.224 USD | Sector | Food & Drug Retailers |
| Sep 25, 2023 | GBX268.80 | Independent Rating | Ranked 306 in Forbes 2000 |
| EPS (FY2022) | 0.19 GBX | Market Cap | GBP19 billion [US$24 billion] |
| TSCO Dividend Yield % (TTM) | 4.1 | Shares Outstanding | 7,173,019,688 |
| DPS (past 12 months) | GBX11 | TSCO in Indices | FTSE 100 |
| EPS Growth (FY2022 vs FY2021) | -69.4% | PVGBX1000 (1 yr) PVUS$1000 (1 yr) | GBX1,336 US$1,507* |
| Ave Daily Volume | 16,004,683 shares |
*If You Invested $1,000 in Tesco a year ago, This is How Much You Would Have Today: $1,507. USD1000 would have bought GBX2,284 for 437.8 shares (@the then price of 210.46) worth GBX1,336 @268.8 today. Dividends reinvested are worth $67.
INDEX
SECTION 1 RECENT NEWS AND RESEARCH
SECTION 2 TODAY'S BULLISH SIGNALS
SECTION 3 ONGOING BULLISH PARAMETERS
SECTION 4 TODAY'S BEARISH SIGNALS
SECTION 5 ONGOING BEARISH PARAMETERS
SECTION 6 CORPORATE PROFILE
SECTION 7 TESCO PREFERRED SHARES
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
APPENDIX II STOCK IDENTIFIERS
GLOSSARY
SECTION 1 RECENT NEWS AND RESEARCH
Insider Buying
Tue Sep 05, 2023
Tesco CEO Ken Murphy buys shares worth GBP139
Monday September 04, 2023
Tesco (L:TSCO) Chief Executive Officer Ken Murphy bought 52 shares worth GBP139 ($175) on September 01. The purchase price was GBP2.67. The shares hit a five-month high on the day.
Tue Sep 05, 2023
Tesco general counsel Adrian Morris buys shares worth GBP139
Monday September 04, 2023
Tesco (L:TSCO) General Counsel Adrian Morris bought 52 shares worth GBP139 ($175) on September 01. The purchase price was GBP2.67. The shares hit a five-month high on the day.
Tue Aug 08, 2023
Tesco CEO Ken Murphy buys shares worth GBP139
Monday August 07, 2023
Tesco (L:TSCO) Chief Executive Officer Ken Murphy bought 55 shares worth GBP1 ($2) on August 04. The purchase price was GBX2.52. The shares hit a 17-day low on the day.
Tue Aug 08, 2023
Tesco general counsel Adrian Morris buys shares worth GBP139
Monday August 07, 2023
Tesco (L:TSCO) General Counsel Adrian Morris bought 55 shares worth GBP139 ($177) on August 04. The purchase price was GBP2.52. The shares hit a 17-day low on the day.
Mon Jul 10, 2023
Tesco CEO Ken Murphy buys shares worth GBP139
Monday July 10, 2023
Tesco (L:TSCO) Chief Executive Officer Ken Murphy bought 56 shares worth GBP139 ($178) on July 07. The purchase price was GBP2.47. The shares hit a five-month low on the day.
Mon Jul 10, 2023
Tesco general counsel Adrian Morris buys shares worth GBP139
Monday July 10, 2023
Tesco (L:TSCO) General Counsel Adrian Morris bought 56 shares worth GBP139 ($178) on July 07. The purchase price was GBP2.47. The shares hit a five-month low on the day.
Thu Jun 29, 2023
Tesco CEO Ken Murphy buys shares worth GBP87
Wednesday June 28, 2023
Tesco (L:TSCO) substantial shareholder Ken Murphy bought 35 shares worth GBP87 ($111) on June 23. The purchase price was GBP2.48.
Tue Jun 13, 2023
Tesco CEO Ken Murphy buys shares worth GBP136
Tuesday June 13, 2023
Tesco (L:TSCO) Chief Executive Officer Ken Murphy bought 52 shares worth GBP136 ($170) on June 09. The purchase price was GBP2.62. The shares hit an eight-day low on the day.
Tue Jun 13, 2023
Tesco general counsel Adrian Morris buys shares worth GBP136
Tuesday June 13, 2023
Tesco (L:TSCO) General Counsel Adrian Morris bought 52 shares worth GBP136 ($170) on June 09. The purchase price was GBP2.62. The shares hit an eight-day low on the day.
Insider Selling
Fri Aug 11, 2023
Tesco group communications director Christine Heffernan sells shares worth GBP20,934
Friday August 11, 2023
Tesco (L:TSCO) Group Communications Director Christine Heffernan sold 8,219 shares worth GBP20,934 ($26,634) on August 10. The selling price was GBP2.55. The shares hit an eight-day high on the day.
Fri Jul 28, 2023
Tesco general counsel Adrian Morris sells shares worth GBP12,524
Friday July 28, 2023
Tesco (L:TSCO) General Counsel Adrian Morris sold 4,784 shares worth GBP12,524 ($16,118) on July 26. The selling price was GBP2.62. The shares hit a two-month high on the day.
Fri Jul 28, 2023
Tesco general counsel Adrian Morris sells shares worth GBP151,606
Friday July 28, 2023
Tesco (L:TSCO) General Counsel Adrian Morris sold 57,973 shares worth GBP151,606 ($195,112) on July 26. The selling price was GBP2.62. The shares hit a two-month high on the day.
SECTION 2 TODAY'S BULLISH SIGNALS
2.1 Relative Value Indicators: Undervaluation compared with sector averages
Price to Book of 4.2 < Food & Drug Retailers sector (of 8 stocks) average of 6.1:
- The Price to Book of 4.2 indicates undervaluation compared with sector average of 6.1 for the Food & Drug Retailers sector.
2.2 Relative Value Indicators: Undervaluation compared with
Dividend Yield > 2/3rd Bond Yield:
The dividend yield of 4.06% is 0.9 times the triple-A bond yield of 4.53%; it is also above the benchmark of 2/3rd set by Benjamin Graham.
(All figures in %)
| Dividend Yield | 4.06 |
| Bond Yield | 4.53 |
| Spread | 0.47 |
| Sector | P/E | |
| Forbes 2000 | Stock: 13.9; Sector: 17.2 | undervalued |
2.3 Rank in the top 22% by Relative Valuation in the United Kingdom market
| Description | Value | Rank |
| Cash to MCap % | 12.3 | In Top 22% |
2.4 Rank in the top 23% by Price Performance in the United Kingdom market
| Description | Value | Rank |
| PV1000 [1 yr] $ | 1,507 | In Top 18% |
| 1-month Price Change % | 6.1 | In Top 19% |
| Price/MAP50 | 1.04 | In Top 23% |
2.5 Uptrend
Price/Moving Average Price of 1.06 and positive MACD:
- The Price/MAP 200 for Tesco is 1.06. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the FTSE 100 Index of 1.0, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of GBX258.50 is higher than the 200-day MAP of GBX253.27, a third bullish indicator. The 200-day MAP has increased to GBX253.27, a fourth bullish indicator.
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 267.49 minus the 26-day EMA of 263.61 is positive, suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.
Past Month:
- Rises to Falls: In the past month the number of rises outnumbered falls 14:7 or 2:1.
Past Quarter:
The Best 3 weeks in the past quarter
In the past quarter the week beginning Monday September 11 saw the highest weekly rise of 4.7% for a relative price increase of 1.6%.
| Mon-Fri | Change % | FTSE 100 Index Change % | Vol Ind [1 is avg] |
| Sep 11-15 | 4.7 | 3.1 | 1 |
| Aug 21-25 | 4.2 | 1.1 | 0.8 |
| Jul 17-21 | 4.1 | 3.1 | 0.6 |
Improving Relative Strength:
- The stock has a 6-month relative strength of 73 in the United Kingdom market of 1,176 stocks, 75 units and 12 preference stocks indicating it has outperformed 73% of the market.
- Also, the relative strength percentile is improving at 73 for 6 months, 74 for 3 months and 79 for 1 month.
2.6 Other Bullish Signals
MCap/Total Assets:
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.4. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stocks by value of Q Ratio.
- The company is cash rich with Cash to Market Capitalisation at 12.3%.
SECTION 3 ONGOING BULLISH PARAMETERS
3.1 Rank in the top 6% by Size in the United Kingdom market
| Description | Value | Rank |
| Ave daily Turnover | GBP23.4 million ($28.7 million) | In Top 3% |
| MCap | $24 billion | In Top 6% |
3.2 Present Value of GBP1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVGBP1000 > 1,079
| PVGBP1,000 | 3 mo ago | 1 yr ago | 3 yrs ago |
| TSCO.L | GBP1,080 | GBP1,336 | GBP2,013 |
| Food & Drug Retailers sector | GBP1,084 | GBP1,242 | GBP703 |
| FTSE 100 Index | GBP1,022 | GBP1,086 | GBP1,305 |
3.3 The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Price Change % > 7.9
3-Year price change of 35.3% for Tesco outperformed the change of 30.9% in the FTSE 100 Index for a relative price change of 4.4%.
| Price Change % | Quarter | Year | 3 Years |
| Tesco | 8 | 27.7 | 35.3 |
| Food & Drug Retailers sector | 8.4 | 24.2 | -30.4 |
| FTSE 100 Index | 2.2 | 8.6 | 30.9 |
3.4 Created Market Value [CMV] past 15 yrs of GBP17.7 billion ($21.7 billion)
- Market Capitalization has increased by GBP19 billion from GBP309.8 million to GBP19.3 billion in the last 15 years. This increase comprises cumulative retained earnings (RETE) of GBP1.3 billion and Created Market Value of GBP17.7 billion. The Created Market Value multiple, defined by the change in MCap for every GBP1 of retained earnings is exemplary at GBP14.97.
3.5 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 17.5%
| TSR % | 1 yr | 3 yrs | 5 yrs |
| TSCO.L | 33.6 | 26 | 17.6 |
3.6 Increased VWAP, up 30% in 5 years
In the past five years Volume Weighted Average Price (VWAP) has increased by 29.7% to GBX241.61.
Past five years, 12 months ended Sep 25 (GBX)
| Year | High Price | VWAP | Low Price |
| 2023 | 277.87 | 241.61 | 189.42 |
| 2022 | 282.11 | 250.45 | 209.8 |
| 2021 | 242.21 | 207.23 | 180.24 |
| 2020 | 222.64 | 200.3 | 174.16 |
| 2019 | 211.11 | 186.24 | 155.4 |
3.7 Increased share turnover
In the past five years, average daily share turnover has increased 0.2% to GBP38.4 million ($47 million). This suggests increased liquidity.
Past five years, 12 months ended Sep 25 (GBP million)
| Year | Average Daily Turnover |
| 2023 | 38.4 |
| 2022 | 35.5 |
| 2021 | 33.4 |
| 2020 | 38.0 |
| 2019 | 38.3 |
3.8 Satisfies one criterion of Benjamin Graham
-"Total debt equal or less than twice the net quick liquidation value"; total debt of GBP7.9 billion (US$10.7 billion) is 1.9 times the net liquidation value of GBP4.24 billion (US$5.7 billion).
3.9 Satisfies 6 out of 9 criteria of Joseph Piotroski [pass mark 5]:
- Positive net income.
- Positive operating cashflow.
- Return on Assets improvement [from 1% to 3.1%].
- Good quality of earnings [operating cashflow exceeds net income].
- Improvement in current ratio from 0.7 to 0.8.
- Reduction in total shares on issue.
But does not meet the following 3 criteria of Joseph Piotroski:
- Improvement in long-term debt to total assets.
- Improvement in gross margin.
- Improvement in asset turnover.
SECTION 4 TODAY'S BEARISH SIGNALS
4.1 3-DAY: WEAK MOMENTUM DOWN
TSCO dips 0.6% on thin volume 0.7 times average. Compared with the FTSE 100 Index which fell 107.7 points (or 1.4%) in the 3-days, the relative price increase was 0.8%.
The price ranged between a low of GBX268.80 on Monday Sep 25 and a high of GBX270.90 on Friday Sep 22.
| Sep | Tesco | Close [GBX] | Change % | Comment |
| Mon 25 | Decreases GBX2.10 | 268.8 | -0.8 | Steepest Fall |
| Fri 22 | Increases GBX1.40 | 270.9 | 0.5 | Top Rise |
| Thu 21 | Decreases | 269.5 | -0.4 | Falls for a second consecutive day |
* RPC - Relative Price Change is % price change of stock less % change of the FTSE 100 Index.
4.2 Rank in the bottom 19% by Relative Valuation in the United Kingdom market
| Description | Value | Rank |
| Price to Book Value | 4.2 | In Bottom 19% |
4.3 Other Bearish Signals
- Total Liabilities/EBITDA of 16.6 is more than 5, this compares unfavourably with the Joseph Piotroski benchmark of 5.
4.4 Overbought/Bearish Signals:
- The Relative Strength Index (RSI) of 73.2 has penetrated the overbought line of 70, suggesting the price gain of 4.6% in the last 14 days is unusually high.
SECTION 5 ONGOING BEARISH PARAMETERS
5.1 Stock vs Index (Annual Percentage Change)
| December 31 | Last price in GBX | Annual Return | Return of FTSE 100 Index |
| 2022 | 224.3 | -18.8 | 1.7 |
| 2021 | 276.1 | 30.3 | 14.3 |
| 2020 | 211.8 | -5.4 | -14.3 |
| 2019 | 223.9 | 36.7 | 12.0 |
| 2018 | 163.8 | - | - |
Over 5 years Tesco is up a total 37.0% at an annualized rate of 8.2% compared to the Index being up 11.6% at an annualized rate of 2.8%.
Tesco has outperformed the FTSE 100 Index in 2 of the past 5
years: 2021, 2019.
5.2 MCap: 5-Year Decrease of GBP4 B [$48M] (17%)
In the past 5 years Market Capitalization has decreased by GBP3.9 billion (17%) from GBP23.2 billion to GBP19.3 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 4 out of 5 years.
| Price | MCap (GBP B) | MCap ($ B) | |
| Last | GBX268.80 | 19.3 | 23.6 |
| 1 Year ago | GBX210.46 | 16.4 | 17.8 |
| 2 Years ago | GBX239.96 | 20.2 | 27.6 |
| 3 Years ago | GBX198.65 | 22.1 | 28.3 |
| 4 Years ago | GBX204.07 | 23.6 | 29.7 |
| 5 Years ago | GBX195.21 | 23.2 | 30.7 |
5.3 EPS growth [FY2022 vs FY2021] of -69.4%:
| FY | EPS ( GBX) | Growth % |
| 2022 | 19.0 | -69.4 |
| 2021 | 62.0 | 389.5 |
5.4 A 55.8% Increase in Insider Selling
In the past 5 years a total of 5,323,569 Tesco shares worth GBP13.4 million were sold by insiders. Based on a dynamic start date of 5 years ago, insider selling has averaged 1,064,714 shares per year. In the past year, insiders sold 2,276,068 shares, an increase of 55.8% from the previous year.
| Year | No. of Shares | Value, GBP |
| Sep 25, 2023 | 2,276,068 | 5,681,907 |
| 1 Yr ago | 1,460,773 | 3,939,487 |
| 2 Yrs ago | 95,000 | 233,225 |
| 3 Yrs ago | 1,205,427 | 2,870,427 |
| 4 Yrs ago | 286,301 | 673,847 |
| Total | 5,323,569 | 13,398,893 |
5.5 Declining Volume, down 39% in 5 years
In the past five years, Average Daily Volume of Trading (ADVT) has decreased 38.6% to 16 million shares.
Avg. Daily Volume Traded 12 months ended Sep 25, million shares
| Year | ADVT |
| 2023 | 16.0 |
| 2022 | 14.2 |
| 2021 | 17.6 |
| 2020 | 23.7 |
| 2019 | 26.1 |
5.6 Year-over-year (%) Change in Dividend:
Final dividend for FY 2023 was GBP7.05. The year-on-year change was down 8.4% from GBP7.70 in the previous year FY 2022.
| Final | FY 2022 | FY 2023 |
| Dividend (GBX) | 7.7 | 7.05 |
SECTION 6 CORPORATE PROFILE
6.1 Activities
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. It operates stores that primarily offer food products, as well as general merchandise, clothing products, and electrical products. The company also provides telecom, retail banking, financial, and insurance services. In addition, it engages in data analysis, distribution, and property operations. Tesco PLC also sells its products through online and catalog. The company operates in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Japan, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey, and the United States. It operates approximately 5,000 stores. The company was formerly known as Tesco Stores (Holdings) Limited and changed its name to Tesco PLC in 1983. Tesco PLC was founded in 1919 and is based in Cheshunt, the United Kingdom. It is the largest Food & drug retailers company by market capitalisation in the United Kingdom,
6.2 Contact Details
| Website | http://www.tescoplc.com |
| Physical Address | PO Box 18, Cheshunt, Waltham Cross, EN8 9SL, United Kingdom |
| Phone | 44-1992-646484 |
6.3 Industry & Sector [of 68 stocks]
| Classification Level | Name of Sector |
| Business Sector | Food & Drug Retailing |
| Industry Group | Food & Drug Retailing |
| Economic Sector | Consumer Non-Cyclicals |
SECTION 7 TESCO PREFERRED SHARES
PV$1000 Comparison of Tesco Preferred Shares & Indices
| PV$1000 | 1-week | 1-month | 1-year |
| TSCO.L | 990 | 1,061 | 1,336 |
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
TSCO: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA:
+ PRICE VOLUME - 5-YEAR HISTORY
+ FINANCIALS - 10-YEAR HISTORY:
+ PEER COMPARISON - STOCK IN FOOD & DRUG RETAILERS SECTOR AND STOCK IN INDICES
TSCO: LINKS IN HTML TO FURTHER INFORMATION:
+ NEWS ARCHIVES - TSCO PAST 4 YEARS IN HTML:
+ INSIDER BUYING IN THE PAST 10 YEARS
APPENDIX II STOCK IDENTIFIERS
ISIN: GB00BLGZ9862
PermID: 4295895258
RIC: TSCO.L
GLOSSARY
ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Cash/MCap: Cash plus Liquids/Market Capitalisation (times)
Current Ratio: Current Assets/Current Liabilities (times)
Dividend Yield: Dividend Per Share/Share Price (%)
Income during the n years (3/2/1): Dividends received during the Period
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Price/Earnings: Share Price/Earnings Per Share (times)
Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
TTM: Trailing 12 Months
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.
Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.
Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.
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