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Market Cap

US$20.6b

Last Updated

2021/04/15 23:05 UTC

Data Sources

Company Financials +

Executive Summary

Tractor Supply Company operates as a rural lifestyle retailer in the United States. More Details


Snowflake Analysis

Outstanding track record average dividend payer.


Similar Companies

Share Price & News

How has Tractor Supply's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TSCO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TSCO's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0.2%

TSCO

1.2%

US Specialty Retail

1.6%

US Market


1 Year Return

94.0%

TSCO

119.9%

US Specialty Retail

57.5%

US Market

Return vs Industry: TSCO underperformed the US Specialty Retail industry which returned 119.9% over the past year.

Return vs Market: TSCO exceeded the US Market which returned 57.5% over the past year.


Shareholder returns

TSCOIndustryMarket
7 Day0.2%1.2%1.6%
30 Day3.9%3.1%3.4%
90 Day12.4%13.1%8.6%
1 Year96.3%94.0%121.2%119.9%60.3%57.5%
3 Year207.7%195.5%111.7%103.4%62.6%51.9%
5 Year101.3%87.6%117.3%100.9%119.9%95.3%

Long-Term Price Volatility Vs. Market

How volatile is Tractor Supply's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tractor Supply undervalued compared to its fair value and its price relative to the market?

27.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TSCO ($176.94) is trading above our estimate of fair value ($96.61)

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


Price To Earnings Ratio

PE vs Industry: TSCO is poor value based on its PE Ratio (27.5x) compared to the US Specialty Retail industry average (19.3x).

PE vs Market: TSCO is poor value based on its PE Ratio (27.5x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: TSCO is poor value based on its PEG Ratio (5.4x)


Price to Book Ratio

PB vs Industry: TSCO is overvalued based on its PB Ratio (10.7x) compared to the US Specialty Retail industry average (3x).


Future Growth

How is Tractor Supply forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?

5.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TSCO's forecast earnings growth (5.1% per year) is above the savings rate (2%).

Earnings vs Market: TSCO's earnings (5.1% per year) are forecast to grow slower than the US market (18.4% per year).

High Growth Earnings: TSCO's earnings are forecast to grow, but not significantly.

Revenue vs Market: TSCO's revenue (4.4% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: TSCO's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TSCO's Return on Equity is forecast to be very high in 3 years time (47.9%).


Past Performance

How has Tractor Supply performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSCO has high quality earnings.

Growing Profit Margin: TSCO's current net profit margins (7.1%) are higher than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: TSCO's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: TSCO's earnings growth over the past year (33.2%) exceeds its 5-year average (12.1% per year).

Earnings vs Industry: TSCO earnings growth over the past year (33.2%) exceeded the Specialty Retail industry 30.5%.


Return on Equity

High ROE: TSCO's Return on Equity (38.9%) is considered high.


Financial Health

How is Tractor Supply's financial position?


Financial Position Analysis

Short Term Liabilities: TSCO's short term assets ($3.3B) exceed its short term liabilities ($1.7B).

Long Term Liabilities: TSCO's short term assets ($3.3B) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: TSCO's debt to equity ratio (51.4%) is considered high.

Reducing Debt: TSCO's debt to equity ratio has increased from 10.9% to 51.4% over the past 5 years.

Debt Coverage: TSCO's debt is well covered by operating cash flow (141%).

Interest Coverage: TSCO's interest payments on its debt are well covered by EBIT (41.3x coverage).


Balance Sheet


Dividend

What is Tractor Supply current dividend yield, its reliability and sustainability?

0.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TSCO's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: TSCO's dividend (0.9%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: TSCO's dividends per share have been stable in the past 10 years.

Growing Dividend: TSCO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.3%), TSCO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TSCO's dividends in 3 years are forecast to be well covered by earnings (33% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Hal Lawton (46 yo)

1.25yrs

Tenure

Mr. Harry A. Lawton, III, also known as Hal, serves as President, Chief Executive Officer and Director of Tractor Supply Company since January 13, 2020. Mr. Lawton served as the President of Macy's, Inc. s...


Leadership Team

Experienced Management: TSCO's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: TSCO's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TSCO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tractor Supply Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tractor Supply Company
  • Ticker: TSCO
  • Exchange: NasdaqGS
  • Founded: 1938
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: US$20.591b
  • Shares outstanding: 116.20m
  • Website: https://www.tractorsupply.com

Number of Employees


Location

  • Tractor Supply Company
  • 5401 Virginia Way
  • Brentwood
  • Tennessee
  • 37027
  • United States

Listings


Biography

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/15 23:05
End of Day Share Price2021/04/15 00:00
Earnings2020/12/26
Annual Earnings2020/12/26


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.