Ocado  4.0% 15 Jun 2024

Business Description

Ocado is the world’s largest dedicated online grocery retailer with over 580,000 active customers

Headquartered in Hatfield, U.K., and founded in 2000, Ocado has been listed on the London Stock Exchange since July 2010 and is a member of the FTSE 100 index with a market capitalisation of £5.9 billion as of 1 November 2018.

Ocado's objective is to provide, at a low operating cost, their customers with the best proposition in online grocery shopping. They have developed a unique end-to-end operating solution for online grocery retail based on proprietary technology and IP, suitable for operating their own business and those of their commercial partners which include Morrisons (UK), ICA (Sweden), Groupe Casino (France), Sobeys (Canada) and Kroger (US).

Bond Information

Coupon

4.0%

Maturity Date

15 Jun 2024

Next Interest Payment

15 Dec 2019

Interest Period

6 months

ISIN

XS1634001892

Asset Security

First ranking charge over company assets

Amount

£250,000,000

Ratings

Moody's:  Ba3, Fitch:  BB

Call Schedule

15 Jun 2020 at 102
15 Jun 2021 at 101
15 Jun 2022 at 100

Status

Payments on time

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Company Legal Name

Ocado Group plc

Industry

Technology

Country of Origin

UK

Year of Incorporation

2000

Ownership Status

Public

Capital Structure

Senior Debt -1%

Equity 101%

Cash

-1.2%

Senior Notes (combined)

6.2%

Content Liabilities

12.0%

Net Debt

17.0%

Equity

83.0%

Enterprise Value

100.0%

EDITDA

£883,000,000

Cash interest

£226,400,000

Source: Public company information

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Based on market capitalisation of £5.9bn as of 31 Oct 2018

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company Information

Reports & Information

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Wisealph circle logo

Invest from just £100 per bond

We've liberated the corporate bond market for the everyday investor.



Capital at risk. No FSCS cover. See Risk Statement and FAQs.

Capital at risk. No FSCS cover.

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.