ScoreWhy is Tractor Supply Co. ?
1
High Management Efficiency with a high ROCE of 45.10%
2
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.13 times
3
Healthy long term growth as Net Sales has grown by an annual rate of 7.89% and Operating profit at 4.32%
4
Flat results in Jun 26
- OPERATING CASH FLOW(Y) Lowest at USD 1,285.82 MM
- ROCE(HY) Lowest at 39.51%
- CASH AND EQV(HY) Lowest at USD 455.86 MM
5
With ROCE of 31.85%, it has a attractive valuation with a 6.17 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -44.86%, its profits have fallen by -0.5%
6
High Institutional Holdings at 100%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
7
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -44.86% returns in the last 1 year, the stock has also underperformed S&P 500 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Tractor Supply Co. should be less than 10%
- Overall Portfolio exposure to Retailing should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Retailing)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Tractor Supply Co. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Tractor Supply Co.
-44.86%
-1.25
32.74%
S&P 500
15.76%
1.20
13.17%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
7.89%
EBIT Growth (5y)
4.32%
EBIT to Interest (avg)
37.95
Debt to EBITDA (avg)
0.76
Net Debt to Equity (avg)
1.01
Sales to Capital Employed (avg)
3.33
Tax Ratio
22.19%
Dividend Payout Ratio
44.67%
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
45.10%
ROE (avg)
54.00%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
24
Industry P/E
Price to Book Value
10.23
EV to EBIT
19.38
EV to EBITDA
14.50
EV to Capital Employed
6.17
EV to Sales
1.83
PEG Ratio
NA
Dividend Yield
1.90%
ROCE (Latest)
31.85%
ROE (Latest)
42.46%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend6What is working for the Company
DIVIDEND PAYOUT RATIO(Y)
Highest at 34.9%
DIVIDEND PER SHARE(HY)
Highest at USD 152.92
RAW MATERIAL COST(Y)
Fallen by 0.06% (YoY
NET SALES(Q)
Highest at USD 4,541.31 MM
-7What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at USD 1,285.82 MM
ROCE(HY)
Lowest at 39.51%
CASH AND EQV(HY)
Lowest at USD 455.86 MM
DEBT-EQUITY RATIO
(HY)
Highest at 239.91 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 3.18 times
Here's what is working for Tractor Supply Co.
Dividend per share
Highest at USD 152.92 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (USD)
Dividend Payout Ratio
Highest at 34.9% and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Net Sales
Highest at USD 4,541.31 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Raw Material Cost
Fallen by 0.06% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at USD 130.85 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
Here's what is not working for Tractor Supply Co.
Operating Cash Flow
Lowest at USD 1,285.82 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (USD MM)
Cash and Eqv
Lowest at USD 455.86 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Debt-Equity Ratio
Highest at 239.91 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Inventory Turnover Ratio
Lowest at 3.18 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
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