Market LeadershipTesco is a diversified, simplified story with dominance and market leadership across all channels in the UK with 28% total market share.
Pricing StrategyTesco’s innovation of Aldi Price Match and Clubcard Prices will continue to present a moat.
Share BuybackTesco will execute an extra one-off buyback of £700m in FY25, bringing the total to £1.45bn, which is 6% of market cap.
ValuationValuation is attractive at just 12.8x NTM PE, well below its relative valuation to the EU Index.