TSCO Stock Overview
Tractor Supply Company operates as a rural lifestyle retailer in the United States.
Tractor Supply Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$185.90|
|52 Week High||US$241.54|
|52 Week Low||US$166.49|
|1 Month Change||-9.70%|
|3 Month Change||-7.36%|
|1 Year Change||1.71%|
|3 Year Change||84.48%|
|5 Year Change||231.31%|
|Change since IPO||12,974.29%|
Recent News & Updates
Still Avoiding Tractor Supply Company
The most recent financial results were acceptable, and I continue to think the dividend is secure in spite of the massive increase. The problem remains the valuation. In spite of the drop in price since I last reviewed this name, the stock is not cheap. The puts I recommended selling previously are even more compelling now. I would recommend these as a "win-win" trade.
Estimating The Intrinsic Value Of Tractor Supply Company (NASDAQ:TSCO)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Tractor Supply Company...
|TSCO||US Specialty Retail||US Market|
Return vs Industry: TSCO exceeded the US Specialty Retail industry which returned -27.4% over the past year.
Return vs Market: TSCO exceeded the US Market which returned -15.1% over the past year.
|TSCO Average Weekly Movement||6.1%|
|Specialty Retail Industry Average Movement||8.7%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: TSCO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TSCO's weekly volatility (6%) has been stable over the past year.
About the Company
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 their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. It provides its products under the 4health, Producer’s Pride, American Farmworks, Red Shed, Bit & Bridle, Redstone, Blue Mountain, Retriever, C.E.
Tractor Supply Fundamentals Summary
|TSCO fundamental statistics|
Is TSCO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TSCO income statement (TTM)|
|Cost of Revenue||US$8.41b|
Last Reported Earnings
Mar 26, 2022
Next Earnings Date
|Earnings per share (EPS)||8.96|
|Net Profit Margin||7.74%|
How did TSCO perform over the long term?See historical performance and comparison
2.0%Current Dividend Yield
Is Tractor Supply undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TSCO ($185.9) is trading below our estimate of fair value ($244.79)
Significantly Below Fair Value: TSCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TSCO is poor value based on its Price-To-Earnings Ratio (20.7x) compared to the US Specialty Retail industry average (6.6x).
PE vs Market: TSCO is poor value based on its Price-To-Earnings Ratio (20.7x) compared to the US market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: TSCO is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: TSCO is overvalued based on its Price-To-Book Ratio (11.6x) compared to the US Specialty Retail industry average (1.8x).
How is Tractor Supply forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TSCO's forecast earnings growth (7% per year) is above the savings rate (1.9%).
Earnings vs Market: TSCO's earnings (7% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: TSCO's earnings are forecast to grow, but not significantly.
Revenue vs Market: TSCO's revenue (6.3% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: TSCO's revenue (6.3% 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 (62.8%).
How has Tractor Supply performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TSCO has a high level of non-cash earnings.
Growing Profit Margin: TSCO's current net profit margins (7.7%) are higher than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: TSCO's earnings have grown by 19.1% per year over the past 5 years.
Accelerating Growth: TSCO's earnings growth over the past year (18.6%) is below its 5-year average (19.1% per year).
Earnings vs Industry: TSCO earnings growth over the past year (18.6%) underperformed the Specialty Retail industry 66.3%.
Return on Equity
High ROE: TSCO's Return on Equity (56%) is considered outstanding.
How is Tractor Supply's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TSCO's short term assets ($3.2B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: TSCO's short term assets ($3.2B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: TSCO's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: TSCO's debt to equity ratio has increased from 42.9% to 55.1% over the past 5 years.
Debt Coverage: TSCO's debt is well covered by operating cash flow (103.4%).
Interest Coverage: TSCO's interest payments on its debt are well covered by EBIT (52.3x coverage).
What is Tractor Supply current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TSCO's dividend (1.98%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: TSCO's dividend (1.98%) is low compared to the top 25% of dividend payers in the US market (4.01%).
Stability and Growth of Payments
Stable Dividend: TSCO's dividends per share have been stable in the past 10 years.
Growing Dividend: TSCO's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.2%), TSCO's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (108.2%), TSCO's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hal Lawton (47 yo)
Mr. Harry A. Lawton, III, also known as Hal, serves as President, Chief Executive Officer and Director of Tractor Supply Company since January 13, 2020. Mr. Lawton served as the President of Macy's, Inc. s...
CEO Compensation Analysis
Compensation vs Market: Hal's total compensation ($USD11.12M) is about average for companies of similar size in the US market ($USD13.20M).
Compensation vs Earnings: Insufficient data to compare Hal's compensation with company performance.
Experienced Management: TSCO's management team is considered experienced (4.3 years average tenure).
Experienced Board: TSCO's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TSCO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tractor Supply Company's employee growth, exchange listings and data sources
- Name: Tractor Supply Company
- Ticker: TSCO
- Exchange: NasdaqGS
- Founded: 1938
- Industry: Specialty Stores
- Sector: Retail
- Implied Market Cap: US$20.799b
- Shares outstanding: 111.88m
- Website: https://www.tractorsupply.com
Number of Employees
- Tractor Supply Company
- 5401 Virginia Way
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/26 00:00|
|End of Day Share Price||2022/05/26 00:00|
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.