Company Valuation: Tractor Supply Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,345 24,643 22,989 29,146 27,155 17,684 - -
Change - -6.46% -6.71% 26.78% -6.83% -34.88% - -
Enterprise Value (EV) 1 26,490 25,643 24,356 30,757 28,762 19,517 19,459 19,419
Change - -3.2% -5.02% 26.28% -6.49% -32.14% -0.3% -0.2%
P/E 26.9x 23x 21.1x 26.7x 24.9x 17.9x 16.5x 15x
PBR 13.4x 12.2x 10.9x 13x 10.6x 6.63x 5.75x 5.41x
PEG - 1.8x 5.39x 24.49x 25.4x -2.25x 1.98x 1.4x
Capitalization / Revenue 2.07x 1.73x 1.58x 1.96x 1.75x 1.1x 1.06x 1.01x
EV / Revenue 2.08x 1.81x 1.67x 2.07x 1.85x 1.21x 1.17x 1.11x
EV / EBITDA 16.8x 14.4x 13x 16.1x 14.7x 10.3x 9.75x 9.29x
EV / EBIT 20.3x 17.9x 16.5x 21x 19.6x 14.3x 13.6x 12.6x
EV / FCF 51.9x 43.9x 42x 48.3x 21.9x 32.3x 21.8x 20.2x
FCF Yield 1.93% 2.28% 2.38% 2.07% 4.56% 3.09% 4.58% 4.96%
Dividend per Share 2 0.416 0.736 0.824 0.88 0.92 0.9627 1.022 1.104
Rate of return 0.9% 1.65% 1.94% 1.61% 1.79% 2.84% 3.01% 3.25%
EPS 2 1.722 1.942 2.018 2.04 2.06 1.896 2.054 2.268
Distribution rate 24.2% 37.9% 40.8% 43.1% 44.7% 50.8% 49.8% 48.7%
Net sales 1 12,731 14,205 14,556 14,883 15,524 16,064 16,687 17,548
EBITDA 1 1,577 1,778 1,872 1,915 1,961 1,904 1,996 2,090
EBIT 1 1,307 1,435 1,479 1,468 1,467 1,362 1,432 1,544
Net income 1 997.1 1,089 1,107 1,101 1,096 997.9 1,053 1,145
Net Debt 1 145.1 999.4 1,367 1,612 1,607 1,833 1,774 1,735
Reference price 2 46.29 44.62 42.53 54.56 51.39 33.94 33.94 33.94
Nbr of stocks (in thousands) 569,075 552,316 540,571 534,195 528,404 521,040 - -
Announcement Date 27/1/22 26/1/23 1/2/24 30/1/25 29/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.9x1.21x10.25x2.84% 17.68B
7.26x1.14x6.21x3.9% 32.32B
22.12x2.04x13.59x-.--% 27.38B
16.95x4.11x9.97x1.58% 22.57B
23.76x2.12x10.8x-.--% 17.12B
12.15x0.61x6.33x3.46% 12.79B
17.27x2.21x10.69x2.31% 12.11B
23.52x5.91x14.56x1.3% 9.65B
27.65x0.59x8.71x-.--% 8.56B
29.07x1.12x5.19x2.51% 7.86B
Average 19.76x 2.11x 9.63x 1.79% 16.81B
Weighted average by Cap. 17.87x 2.08x 9.70x 1.88%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Tractor Supply Company

Historical PBR trend

Valuation ratios - PBR - Tractor Supply Company

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Tractor Supply Company

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Tractor Supply Company


Year-on-year evolution of the Yield

Valuation ratios - Yield - Tractor Supply Company
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