Ocado’s announcement of an increase in guidance (led by the retail segment) and two new acquisitions bode well for the company’s valuation. However, we are disappointed by the fact that management has decided not to pursue the non-food opportunity aggressively (in the Solutions business). The above-mentioned developments bode well for an increase in financial estimates but we maintain the dear valuation on the stock.
05 Nov 2020
Gaining muscle via the inorganic route
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Gaining muscle via the inorganic route
Ocado Group PLC (OCDO:LON) | 357 0 0.0% | Mkt Cap: 2,963m
- Published:
05 Nov 2020 -
Author:
Nishant Choudhary -
Pages:
3
Ocado’s announcement of an increase in guidance (led by the retail segment) and two new acquisitions bode well for the company’s valuation. However, we are disappointed by the fact that management has decided not to pursue the non-food opportunity aggressively (in the Solutions business). The above-mentioned developments bode well for an increase in financial estimates but we maintain the dear valuation on the stock.