Tractor Supply Company

NasdaqGS:TSCO Stock Report

Mkt Cap: US$25.5b

We’ve recently updated our valuation analysis.

Tractor Supply Valuation

Is TSCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TSCO?

Other financial metrics that can be useful for relative valuation.

TSCO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA16.6x
PEG Ratio3.4x

Price to Earnings Ratio vs Peers

How does TSCO's PE Ratio compare to its peers?

The above table shows the PE ratio for TSCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.9x
ULTA Ulta Beauty
22.2x4.2%US$26.6b
DKS DICK'S Sporting Goods
9.7x0.06%US$11.2b
FIVE Five Below
48.4x17.4%US$11.0b
BBWI Bath & Body Works
11.2x12.0%US$11.0b
TSCO Tractor Supply
23.4x6.8%US$25.4b

Price-To-Earnings vs Peers: TSCO is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the peer average (22.9x).


Price to Earnings Ratio vs Industry

How does TSCO's PE Ratio compare vs other companies in the US Specialty Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.5%
n/an/an/a

Price-To-Earnings vs Industry: TSCO is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the US Specialty Retail industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

What is TSCO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TSCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.4x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: TSCO is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).


Share Price vs Fair Value

What is the Fair Price of TSCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TSCO ($230.9) is trading above our estimate of fair value ($184.9)

Significantly Below Fair Value: TSCO is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TSCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$230.90
US$242.34
+5.0%
7.0%US$270.00US$186.00n/a29
Jan ’24US$224.97
US$229.71
+2.1%
9.6%US$270.00US$186.00n/a28
Dec ’23US$224.63
US$227.85
+1.4%
9.5%US$270.00US$186.00n/a27
Nov ’23US$220.53
US$227.48
+3.2%
9.4%US$270.00US$186.00n/a27
Oct ’23US$185.88
US$231.89
+24.8%
9.2%US$270.00US$176.00n/a27
Sep ’23US$188.15
US$232.44
+23.5%
9.0%US$270.00US$176.00n/a27
Aug ’23US$193.89
US$232.26
+19.8%
9.2%US$270.00US$171.00n/a27
Jul ’23US$196.31
US$237.00
+20.7%
9.6%US$270.00US$171.00n/a27
Jun ’23US$190.66
US$238.74
+25.2%
9.5%US$275.00US$171.00n/a27
May ’23US$201.45
US$240.04
+19.2%
9.5%US$275.00US$171.00n/a27
Apr ’23US$226.71
US$238.36
+5.1%
9.1%US$271.00US$168.00n/a28
Mar ’23US$205.18
US$236.63
+15.3%
8.9%US$271.00US$168.00n/a27
Feb ’23US$220.31
US$236.07
+7.2%
8.9%US$271.00US$168.00US$230.0327
Jan ’23US$238.60
US$223.50
-6.3%
10.3%US$262.00US$141.00US$224.9726
Dec ’22US$223.92
US$221.88
-0.9%
9.9%US$256.00US$141.00US$224.6326
Nov ’22US$213.83
US$219.15
+2.5%
9.1%US$250.00US$141.00US$220.5327
Oct ’22US$201.36
US$197.41
-2.0%
10.3%US$225.00US$130.00US$185.8827
Sep ’22US$195.57
US$196.50
+0.5%
10.3%US$225.00US$130.00US$188.1526
Aug ’22US$180.93
US$195.60
+8.1%
10.3%US$225.00US$130.00US$193.8925
Jul ’22US$187.85
US$194.35
+3.5%
10.3%US$220.00US$130.00US$196.3126
Jun ’22US$181.86
US$193.20
+6.2%
10.2%US$216.00US$130.00US$190.6625
May ’22US$188.60
US$191.76
+1.7%
10.9%US$216.00US$130.00US$201.4525
Apr ’22US$176.50
US$163.69
-7.3%
11.8%US$200.00US$120.00US$226.7126
Mar ’22US$162.54
US$162.32
-0.1%
11.0%US$190.00US$120.00US$205.1825
Feb ’22US$139.72
US$159.72
+14.3%
9.8%US$180.00US$120.00US$220.3125

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies