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 17,444 - -
Change - -6.46% -6.71% 26.78% -6.83% -35.76% - -
Enterprise Value (EV) 1 26,490 25,643 24,356 30,757 28,762 19,442 19,198 19,217
Change - -3.2% -5.02% 26.28% -6.49% -32.4% -1.26% 0.1%
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 6.57x 5.71x 5.69x
PEG - 1.8x 5.39x 24.49x 25.4x -1.92x 1.85x 1.56x
Capitalization / Revenue 2.07x 1.73x 1.58x 1.96x 1.75x 1.09x 1.05x 1x
EV / Revenue 2.08x 1.81x 1.67x 2.07x 1.85x 1.22x 1.16x 1.1x
EV / EBITDA 16.8x 14.4x 13x 16.1x 14.7x 10.3x 9.74x 9.15x
EV / EBIT 20.3x 17.9x 16.5x 21x 19.6x 14.5x 13.6x 12.6x
EV / FCF 51.9x 43.9x 42x 48.3x 21.9x 31.2x 21.9x 20.5x
FCF Yield 1.93% 2.28% 2.38% 2.07% 4.56% 3.2% 4.56% 4.87%
Dividend per Share 2 0.416 0.736 0.824 0.88 0.92 0.9631 1.022 1.15
Rate of return 0.9% 1.65% 1.94% 1.61% 1.79% 2.88% 3.05% 3.44%
EPS 2 1.722 1.942 2.018 2.04 2.06 1.868 2.034 2.23
Distribution rate 24.2% 37.9% 40.8% 43.1% 44.7% 51.6% 50.2% 51.6%
Net sales 1 12,731 14,205 14,556 14,883 15,524 15,952 16,607 17,508
EBITDA 1 1,577 1,778 1,872 1,915 1,961 1,886 1,970 2,101
EBIT 1 1,307 1,435 1,479 1,468 1,467 1,345 1,416 1,528
Net income 1 997.1 1,089 1,107 1,101 1,096 974.2 1,046 1,131
Net Debt 1 145.1 999.4 1,367 1,612 1,607 1,998 1,753 1,773
Reference price 2 46.29 44.62 42.53 54.56 51.39 33.48 33.48 33.48
Nbr of stocks (in thousands) 569,075 552,316 540,571 534,195 528,404 521,040 - -
Announcement Date 1/27/22 A 1/26/23 A 2/1/24 A 1/30/25 A 1/29/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.24x1.14x6.35x3.7% 32.23B
16.42x4.23x9.66x1.63% 25.51B
19.49x1.79x11.96x-.--% 24.12B
17.93x1.22x10.31x2.88% 17.44B
22.16x1.98x10.11x-.--% 15.97B
11.37x0.58x5.97x3.68% 11.97B
16.3x2.1x10.15x2.44% 11.38B
22.72x5.68x14.06x1.36% 9.21B
24.56x0.52x7.66x-.--% 7.6B
Average 17.58x 2.14x 9.58x 1.74% 17.27B
Weighted average by Cap. 16.13x 2.11x 9.36x 1.9%

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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