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Ocado Group
(LSE:OCDO)
Ocado Group (OCDO) vs. iShares MSCI United Kingdom ETF (EWC)
Ocado Group Business Overview & Revenue Model
Ocado Group Earnings Call Summary
Ocado Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 345.50M | 1.21B | 2.83B | 2.51B | 2.50B | 2.33B |
| Gross Profit | 163.50M | 106.60M | 69.30M | 629.20M | 707.40M | 636.50M |
| EBITDA | 167.40M | 127.90M | 76.80M | -74.70M | 124.10M | 167.70M |
| Net Income | 421.90M | -336.20M | -314.00M | -455.50M | -223.20M | -134.30M |
Balance Sheet | ||||||
| Total Assets | 4.39B | 4.16B | 4.43B | 4.81B | 4.38B | 4.00B |
| Cash, Cash Equivalents and Short-Term Investments | 745.80M | 743.40M | 884.80M | 1.33B | 1.47B | 2.11B |
| Total Debt | 1.79B | 1.70B | 1.96B | 1.91B | 1.83B | 1.41B |
| Total Liabilities | 2.64B | 2.99B | 2.92B | 2.88B | 2.67B | 2.17B |
| Stockholders Equity | 1.75B | 1.19B | 1.49B | 1.84B | 1.59B | 1.76B |
Cash Flow | ||||||
| Free Cash Flow | -23.80M | -130.50M | -454.20M | -760.40M | -698.00M | -214.00M |
| Operating Cash Flow | 341.90M | 268.90M | 82.20M | 25.50M | -7.30M | 237.80M |
| Investing Cash Flow | -398.20M | -353.70M | -500.10M | -735.00M | -532.70M | -695.70M |
| Financing Cash Flow | 65.50M | -24.30M | -10.10M | 547.10M | 282.50M | 1.53B |
Ocado Group Technical Analysis
Ocado Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £26.78B | 18.35 | 13.65% | 3.25% | 1.05% | -20.25% | |
70 Outperform | £1.13B | 19.64 | 12.23% | 0.79% | 7.74% | 30.09% | |
70 Outperform | £6.93B | 20.14 | 6.63% | 4.02% | 0.82% | 160.81% | |
66 Neutral | £1.68B | 6.73 | 34.27% | 17.38% | 1.74% | -23.72% | |
64 Neutral | £1.44B | 37.48 | 5.88% | 2.52% | 0.59% | -41.66% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
44 Neutral | $2.31B | ― | ― | ― | ― | ― |
Ocado Group Corporate Events
Ocado Group has confirmed that, as of 31 December 2025, it had 839,646,541 issued ordinary shares, each carrying one vote, and no shares held in treasury, establishing the company’s total voting rights at the same figure. Of these, 10,622,331 shares are held within employee share and benefit trust structures and are treated as treasury shares for accounting purposes under IAS 32, meaning they are excluded from earnings-per-share calculations and, in most cases, from voting and dividend rights. As a result, Ocado reports that shares in issue with aggregate exercisable voting rights total 829,024,210, a key denominator for investors and other stakeholders in assessing ownership thresholds and disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:OCDO) stock is a Sell with a £100.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has confirmed that mutual exclusivity arrangements with retailers in most of its live markets, including its key US partner Kroger, have now ended, as previously signalled for completion by year-end 2025. The move frees the company to actively market its evolved suite of AI-driven and robotic fulfilment solutions to additional grocery retailers across multiple international markets, potentially accelerating commercial activity and expanding its global footprint in online grocery. Management emphasised that Ocado will continue to support existing partners while using its broader offering—spanning store-based and dark-store automation as well as automated customer fulfilment centres of various sizes—to help more retailers capture share in what it describes as the fastest-growing segment of the grocery industry as it enters 2026.
The most recent analyst rating on (GB:OCDO) stock is a Sell with a £100.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc announced the participation of its directors and persons discharging managerial responsibilities in the Ocado Share Incentive Plan (SIP), a tax-advantaged all-employee share scheme. This initiative allows employees to purchase ordinary shares at market value and receive matching shares, aiming to align employee interests with company performance and potentially enhance stakeholder value.
The most recent analyst rating on (GB:OCDO) stock is a Sell with a £100.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc has announced the redemption of its 0.875% Guaranteed Senior Unsecured Convertible Bonds due 2025, with an aggregate principal amount of £55.8 million. The redemption marks the maturity of these bonds, which have been fully redeemed and will be cancelled, leaving no outstanding bonds of this series.
The most recent analyst rating on (GB:OCDO) stock is a Buy with a £305.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has appointed Cathy Graham as an Independent Non-Executive Director, effective February 1, 2026. With a strong background in finance and technology leadership from her previous roles at Darktrace plc and 2U, Graham will join the People and Audit Committees. Her expertise is expected to enhance Ocado’s strategic direction as it continues its transformation from a UK online grocer to a global technology leader. This appointment underscores Ocado’s commitment to strengthening its board with experienced leaders to support its growth and innovation in the technology and logistics sectors.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £240.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has announced a $350 million one-off cash payment from Kroger due to the closure of three Customer Fulfillment Centers (CFCs) and the cancellation of a planned site in Charlotte, NC. Despite these closures, Ocado continues to support Kroger’s operational efficiency and expansion, with new technologies being deployed across existing and upcoming CFCs, including the introduction of AutoFreezer technology in Phoenix, AZ. The financial impact includes a reduction in Ocado’s fee revenue by approximately $50 million for FY26, but the company remains focused on achieving positive cash flow through growth and cost discipline.
The most recent analyst rating on (GB:OCDO) stock is a Buy with a £290.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc announced that James Matthews, Deputy CEO, had a partial vesting of shares under the Ocado Restricted Share Plan, resulting in an automatic disposal of shares to cover tax liabilities. This transaction, conducted on the London Stock Exchange, reflects the company’s ongoing executive compensation and shareholding management practices, which may impact stakeholder perceptions of corporate governance.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £230.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc has announced its total voting rights as of November 28, 2025, with 839,076,321 issued ordinary shares, each carrying one vote. The announcement highlights the shareholding structure, including shares held by trustees for employee benefit plans, and clarifies that certain shares are treated as treasury shares, affecting earnings per share calculations. This information is crucial for shareholders and stakeholders to determine their notification obligations under regulatory guidelines.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £230.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc has announced the participation of its key executives, including the CEO and CFO, in its Share Incentive Plan (SIP), which allows employees to purchase company shares at market value and receive matching shares. This move is part of Ocado’s strategy to align the interests of its management with those of shareholders, potentially enhancing the company’s operational focus and market competitiveness.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £215.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has announced that its partner, Kroger, will close three Customer Fulfillment Centers (CFCs) in Frederick, Pleasant Prairie, and Groveland by January 2026. Despite these closures, Ocado will continue to support Kroger’s operations in other locations and expects to receive over $250 million in compensation for early site closures, although it anticipates a reduction in fee revenue by approximately $50 million for FY26. The company remains optimistic about significant growth in the US market through both CFCs and store-based automation.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £215.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc has announced the re-appointment of Deloitte LLP as its external auditor following a competitive audit tender process. This decision aligns with the UK regulations requiring large companies to tender their statutory audits every 10 years. The re-appointment, effective from the financial year ending in 2027, is subject to shareholder approval at the 2027 Annual General Meeting, reflecting Ocado’s commitment to maintaining robust financial oversight.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £215.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc announced significant changes in its board of directors. Emma Lloyd will retire from the Board after nine years of service, and Neill Abrams, Group General Counsel and Company Secretary, will retire at the end of November 2025 after 25 years. Mollie Stoker has been appointed to replace Abrams, ensuring a smooth transition. Additionally, Andrew Harrison’s tenure as Senior Independent Director has been extended by 12 months, providing continuity during a period of significant change.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £215.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group PLC has announced the completion of the redemption of its 3.875% senior notes due 2026, effectively canceling all outstanding notes. This move led to the withdrawal of the notes’ listing from Euronext Dublin, potentially streamlining Ocado’s financial operations and impacting its market positioning by reducing debt obligations.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £194.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc announced its total voting rights as of October 31, 2025, with 838,577,029 issued ordinary shares, each carrying one vote. The announcement details the shares held by various trustees and their voting rights, which are relevant for shareholders and stakeholders to determine their notification obligations under the FCA’s rules.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £252.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group PLC has announced its intention to redeem all outstanding 3.875% Senior Notes due 2026, as per the indenture agreement dated 8 October 2021. This move, set to be completed by 10 November 2025, reflects Ocado’s strategic financial management and may impact its financial structure, potentially influencing stakeholder confidence and market positioning.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £252.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc announced the participation of its directors and senior management in the Ocado Share Incentive Plan (SIP), allowing them to purchase ordinary shares at market value and receive matching shares. This move, disclosed under regulatory requirements, underscores the company’s commitment to aligning the interests of its leadership with those of its shareholders, potentially enhancing stakeholder confidence.
The most recent analyst rating on (GB:OCDO) stock is a Buy with a £3.56 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.