Ocdo.L

The company maintains a capital structure characterized by significant leverage, with long-term debt of £1.79 billion against total equity of £1.56 billion, resulting in a debt-to-equity ratio of 1.15. Liquidity is assessed as medium risk, supported by a current ratio of 2.0 and cash and equivalents of £618 million, though net cash is negative after accounting for total debt. The balance sheet shows total assets of £4.28 billion and total liabilities of £2.72 billion.

Profitability metrics present a divergence between operating and net performance; operating income is negative at -£265 million, while net income stands at £405.2 million, yielding a return on equity of 25.95% and return on assets of 9.47%. Valuation multiples are elevated, with a price-to-earnings ratio of 393.51 and an EV/EBITDA of -606.12, reflecting the negative operating earnings. The price-to-book ratio is 102.13, indicating a substantial premium over book value.

Segment and geographic revenue mix data is absent from the available input, preventing analysis of revenue concentration or regional exposure. The company’s activity is broadly classified under Consumer Staples Distribution & Retail, but specific operational breakdowns are not provided.

Growth trajectory analysis is constrained by the absence of historical period data; only the latest normalized period’s revenue of £1.36 billion is available. Without multi-year revenue or net income trends, year-over-year growth rates cannot be calculated.

Risk assessment highlights medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, suggesting reliance on external financing or cash flow generation to service obligations. The high valuation multiples amplify sensitivity to earnings volatility.

Recent observations include analyst estimates with a mean price target of £248.60 and a median of £232.50, based on a mean recommendation of 2.57. News events indicate a reconciler enqueue process related to name-poison root-fix re-analysis, which is an internal data processing event rather than a fundamental business development.

Revenue £1.36B, +12,1% YoY; Operating income +5,9% YoY.

• ▍Revenue £1.36B, +12,1% YoY
• ▍Operating income +5,9% YoY
• ▍Net income +220,5% YoY
• ▍Free cash flow −7,8% YoY
• ▍Net margin 29.8%

Revenue £1.21B, +9,4% YoY; Operating income −30,2% YoY.

• ▍Revenue £1.21B, +9,4% YoY
• ▍Operating income −30,2% YoY
• ▍Net income −7,1% YoY
• ▍Free cash flow +22,2% YoY
• ▍Net margin -27.7%

Revenue £1.11B, −55,9% YoY; Operating income +52,2% YoY.

• ▍Revenue £1.11B, −55,9% YoY
• ▍Operating income +52,2% YoY
• ▍Net income +31,1% YoY
• ▍Free cash flow +49,1% YoY
• ▍Net margin -28.3%

Revenue £2.51B, +0,6% YoY; Operating income −236,3% YoY.

• ▍Revenue £2.51B, +0,6% YoY
• ▍Operating income −236,3% YoY
• ▍Net income −104,1% YoY
• ▍Free cash flow −43,8% YoY
• ▍Net margin -18.1%

Revenue £2.50B; Operating income -£134.6M.

• ▍Revenue £2.50B
• ▍Operating income -£134.6M
• ▍Net margin -8.9%