-5.02%
2.32%
2.24%
3.10%
20.86%
24.35%
192.04%

Company Description

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. Schmidt, Ridgecut, Countyline, Royal Wing, Dumor, Strive, Groundwork, Traveller, Huskee, Treeline, JobSmart, TSC Tractor Supply Co, Paws & Claws, and Untamed brands.


As of June 25, 2022, it operated 2,016 Tractor Supply stores in 49 states; and 178 Petsense stores in 23 states.The company operates its retail stores under the Tractor Supply Company, Del's Feed & Farm Supply, and Petsense names; and operates websites under the TractorSupply.com and Petsense.com names.It sells its products to recreational farmers, ranchers, and others.


The company was founded in 1938 and is based in Brentwood, Tennessee.

Market Data

Last Price 54.29
Change Percentage -5.02%
Open 54.04
Previous Close 57.16
Market Cap ( Millions) 29281
Volume 9050904
Year High 61.53
Year Low 44.35
M A 50 55.34
M A 200 54.89

Financial Ratios

FCF Yield 1.83%
Dividend Yield 3.24%
ROE 49.01%
Debt / Equity 238.93%
Net Debt / EBIDTA 270.17%
Price To Book 12.76
Price Earnings Ratio 26.31
Price To FCF 54.78
Price To sales 1.97
EV / EBITDA 17.99

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Livestock, Equine & Agriculture

Expected Growth : 4.65 %

What the company do ?

Livestock, Equine & Agriculture from Tractor Supply Company provides products and services for farmers and animal owners, including livestock feed, equine care, and agricultural equipment.

Why we expect these perspectives ?

Tractor Supply Company's 4.65% growth in Livestock, Equine & Agriculture is driven by increasing demand for animal health products, expansion of rural lifestyle customers, and growth in pet ownership. Additionally, the company's private label offerings, strategic pricing, and effective inventory management contribute to the segment's growth.

Segment nΒ°2 -> Companion Animal

Expected Growth : 4.83 %

What the company do ?

Companion Animal from Tractor Supply Company refers to pet food, toys, and supplies for dogs, cats, and small animals, supporting their health and well-being.

Why we expect these perspectives ?

The 4.83% growth of Companion Animal from Tractor Supply Company is driven by increasing pet humanization, rising disposable income, and growing demand for premium pet food and supplies. Additionally, the company's omnichannel presence, loyalty programs, and strategic partnerships contribute to the segment's growth.

Segment nΒ°3 -> Seasonal & Recreation

Expected Growth : 4.65 %

What the company do ?

Seasonal & Recreation from Tractor Supply Company offers outdoor and seasonal products, including camping gear, patio furniture, and lawn and garden supplies.

Why we expect these perspectives ?

Tractor Supply Company's Seasonal & Recreation segment growth of 4.65% is driven by increasing demand for outdoor recreational products, favorable weather conditions, and a strong hunting and fishing season. Additionally, the company's strategic initiatives, such as its 'ONETractor' strategy, have improved customer engagement and driven sales.

Segment nΒ°4 -> Truck, Tool, & Hardware

Expected Growth : 4.65 %

What the company do ?

Truck, Tool, & Hardware from Tractor Supply Company offers a wide range of products for trucks, tools, and hardware for agricultural, DIY, and outdoor enthusiasts.

Why we expect these perspectives ?

Tractor Supply Company's 4.65% growth in Truck, Tool, & Hardware segment is driven by increasing demand for pickup trucks and outdoor recreation, coupled with the company's strategic expansion into adjacent product categories, such as power tools and equipment. Additionally, the company's strong e-commerce platform and loyalty program contribute to the segment's growth.

Segment nΒ°5 -> Clothing, Gift, & Decor

Expected Growth : 4.5 %

What the company do ?

Tractor Supply Company's Clothing, Gift, & Decor segment offers a range of products including apparel, accessories, and home decor items for outdoor enthusiasts and pet owners.

Why we expect these perspectives ?

Tractor Supply Company's 4.5% growth in Clothing, Gift, & Decor is driven by increasing rural lifestyle adoption, expanding e-commerce capabilities, and strategic marketing efforts targeting outdoor enthusiasts. Additionally, the company's focus on private label brands and exclusive products contributes to the segment's growth.

Tractor Supply Company Products

Product Range What is it ?
Livestock Feed Tractor Supply Company offers a wide range of livestock feed products, including hay, grains, and supplements, to support the health and well-being of livestock.
Pet Food and Supplies Tractor Supply Company provides a variety of pet food and supplies, including dog food, cat food, and pet accessories, to support the health and happiness of pets.
Fencing and Farming Supplies Tractor Supply Company offers a range of fencing and farming supplies, including fencing materials, farm equipment, and tools, to support agricultural and livestock operations.
Lawn and Garden Supplies Tractor Supply Company provides a variety of lawn and garden supplies, including seeds, fertilizers, and gardening tools, to support lawn care and gardening activities.
Clothing and Footwear Tractor Supply Company offers a range of clothing and footwear, including workwear, outerwear, and footwear, to support outdoor activities and occupations.
Tools and Hardware Tractor Supply Company provides a variety of tools and hardware, including hand tools, power tools, and building supplies, to support DIY projects and repairs.

Tractor Supply Company's Porter Forces

Tractor Supply Company has a low threat of substitutes due to its unique product offerings and strong brand recognition.

Tractor Supply Company's customers have some bargaining power due to the availability of alternative retailers, but the company's strong brand loyalty and customer service mitigate this threat.

Tractor Supply Company has a low bargaining power of suppliers due to its large scale of operations and ability to negotiate favorable terms with suppliers.

Tractor Supply Company faces a moderate threat of new entrants due to the capital requirements and regulatory hurdles in the industry, but new entrants could still potentially disrupt the market.

Tractor Supply Company operates in a highly competitive industry with many established players, leading to a high intensity of rivalry among competitors.

Capital Structure

Value
Debt Weight 49.44%
Debt Cost 3.95%
Equity Weight 50.56%
Equity Cost 8.00%
WACC 6.00%
Leverage 97.77%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

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EBAY eBay Inc. operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite …
AZO AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard …
BBW Build-A-Bear Workshop, Inc. operates as a multi-channel retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
54.29$
Current Price
54.29$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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