Financials Tractor Supply Company

Equities

TSCO

US8923561067

Other Specialty Retailers

Market Closed - Nasdaq 01:30:00 13/07/2024 am IST 5-day change 1st Jan Change
271.1 USD +3.14% Intraday chart for Tractor Supply Company +3.25% +26.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,998 16,631 26,942 24,851 23,248 29,224 - -
Enterprise Value (EV) 1 11,345 16,311 27,087 25,850 24,614 30,828 30,911 30,857
P/E ratio 19.9 x 22.4 x 27.5 x 23.2 x 21.3 x 26.1 x 23.8 x 21.3 x
Yield 1.46% 1.05% 0.88% 1.64% 1.92% 1.63% 1.73% 1.95%
Capitalization / Revenue 1.32 x 1.57 x 2.12 x 1.75 x 1.6 x 1.95 x 1.84 x 1.73 x
EV / Revenue 1.36 x 1.54 x 2.13 x 1.82 x 1.69 x 2.06 x 1.95 x 1.82 x
EV / EBITDA 12 x 12.7 x 17.2 x 14.5 x 13.1 x 15.9 x 14.7 x 13.5 x
EV / FCF 19.1 x 14.8 x 53.1 x 44.3 x 42.4 x 33.5 x 30.3 x 25.9 x
FCF Yield 5.24% 6.75% 1.88% 2.26% 2.36% 2.99% 3.3% 3.86%
Price to Book 7.1 x 8.63 x 13.8 x 12.4 x 11 x 12 x 11.3 x 9.99 x
Nbr of stocks (in thousands) 1,18,386 1,16,497 1,13,815 1,10,463 1,08,114 1,07,810 - -
Reference price 2 92.90 142.8 236.7 225.0 215.0 271.1 271.1 271.1
Announcement Date 30/01/20 28/01/21 27/01/22 26/01/23 01/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,352 10,620 12,731 14,205 14,556 14,978 15,880 16,936
EBITDA 1 942.1 1,288 1,577 1,778 1,872 1,943 2,100 2,278
EBIT 1 743.2 1,071 1,307 1,435 1,479 1,496 1,619 1,764
Operating Margin 8.9% 10.08% 10.26% 10.1% 10.16% 9.99% 10.19% 10.42%
Earnings before Tax (EBT) 1 723.4 968.1 1,280 1,404 1,432 1,449 1,570 1,714
Net income 1 562.4 749 997.1 1,089 1,107 1,120 1,209 1,321
Net margin 6.73% 7.05% 7.83% 7.66% 7.61% 7.48% 7.61% 7.8%
EPS 2 4.660 6.380 8.610 9.710 10.09 10.38 11.41 12.70
Free Cash Flow 1 594.3 1,101 510.3 583.6 580.2 920.8 1,020 1,191
FCF margin 7.12% 10.36% 4.01% 4.11% 3.99% 6.15% 6.42% 7.03%
FCF Conversion (EBITDA) 63.08% 85.44% 32.36% 32.82% 30.99% 47.4% 48.56% 52.28%
FCF Conversion (Net income) 105.67% 146.94% 51.18% 53.61% 52.4% 82.24% 84.34% 90.15%
Dividend per Share 2 1.360 1.500 2.080 3.680 4.120 4.409 4.682 5.276
Announcement Date 30/01/20 28/01/21 27/01/22 26/01/23 01/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,319 3,024 3,903 3,271 4,006 3,299 4,185 3,412 3,660 3,395 4,285 3,504 3,792 3,594 4,565
EBITDA 1 368.5 321.9 608.4 393.6 454 341.7 661.6 431.2 437.5 367.4 675.6 433.4 460.4 395.7 729.7
EBIT 1 293.1 244.3 525 306.4 359.2 244.4 559.3 340.9 334.2 263.1 562.7 324.5 344.7 285.4 612.6
Operating Margin 8.83% 8.08% 13.45% 9.37% 8.97% 7.41% 13.37% 9.99% 9.13% 7.75% 13.13% 9.26% 9.09% 7.94% 13.42%
Earnings before Tax (EBT) 1 286.5 237.2 517.9 300.2 349 231.8 547 331.4 322.3 251.2 550.1 312.6 332.5 271.3 598.3
Net income 1 221.3 187.2 396.5 234.1 270.9 183.1 421.2 255 247.9 198.2 424.1 240.3 255.7 209.3 462.4
Net margin 6.67% 6.19% 10.16% 7.16% 6.76% 5.55% 10.07% 7.47% 6.77% 5.84% 9.9% 6.86% 6.74% 5.82% 10.13%
EPS 2 1.930 1.650 3.530 2.100 2.430 1.650 3.830 2.330 2.280 1.830 3.928 2.241 2.384 1.973 4.383
Dividend per Share 2 0.5200 0.9200 0.9200 0.9200 0.9200 1.030 1.030 1.030 1.030 1.100 1.100 1.100 1.111 1.201 1.155
Announcement Date 27/01/22 21/04/22 21/07/22 20/10/22 26/01/23 27/04/23 27/07/23 26/10/23 01/02/24 25/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 347 - 145 999 1,367 1,604 1,687 1,633
Net Cash position 1 - 320 - - - - - -
Leverage (Debt/EBITDA) 0.368 x - 0.092 x 0.5621 x 0.73 x 0.8258 x 0.8031 x 0.7167 x
Free Cash Flow 1 594 1,101 510 584 580 921 1,020 1,191
ROE (net income / shareholders' equity) 35.9% 46.2% 50.8% 53.8% 52.8% 49.7% 49.9% 49.4%
ROA (Net income/ Total Assets) 13.4% 13.1% 13.5% 13.4% 12.5% 11.8% 12.2% 11.9%
Assets 1 4,187 5,731 7,409 8,129 8,823 9,460 9,928 11,102
Book Value Per Share 2 13.10 16.50 17.20 18.20 19.60 22.60 24.00 27.10
Cash Flow per Share 2 6.720 11.90 9.830 12.10 12.20 14.80 16.10 18.80
Capex 1 217 294 628 773 754 719 698 710
Capex / Sales 2.6% 2.77% 4.94% 5.44% 5.18% 4.8% 4.39% 4.19%
Announcement Date 30/01/20 28/01/21 27/01/22 26/01/23 01/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
31
Last Close Price
271.1 USD
Average target price
270.7 USD
Spread / Average Target
-0.15%
Consensus
  1. Stock Market
  2. Equities
  3. TSCO Stock
  4. Financials Tractor Supply Company