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 0.76 times
3
Healthy long term growth as Net Sales has grown by an annual rate of 10.22% and Operating profit at 8.57%
4
Flat results in Jun 25
- INTEREST(HY) At USD 37.62 MM has Grown at 60.01%
- ROCE(HY) Lowest at 45.34%
- CASH AND EQV(HY) Lowest at USD 457.53 MM
5
With ROCE of 32.33%, it has a fair valuation with a 7.22 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 -4.86%, its profits have fallen by -3.6%
6
High Institutional Holdings at 100%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
7
Below par performance in long term as well as near term
- Along with generating -4.86% returns in the last 1 year, the stock has also underperformed S&P 500 in the last 3 years, 1 year and 3 months
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?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Tractor Supply Co.
-4.59%
-0.02
27.99%
S&P 500
13.22%
0.61
20.17%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
10.22%
EBIT Growth (5y)
8.57%
EBIT to Interest (avg)
37.95
Debt to EBITDA (avg)
0.76
Net Debt to Equity (avg)
1.01
Sales to Capital Employed (avg)
3.42
Tax Ratio
22.19%
Dividend Payout Ratio
43.12%
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
45.10%
ROE (avg)
54.00%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
28
Industry P/E
Price to Book Value
13.48
EV to EBIT
22.32
EV to EBITDA
16.93
EV to Capital Employed
7.22
EV to Sales
2.17
PEG Ratio
NA
Dividend Yield
127.71%
ROCE (Latest)
32.33%
ROE (Latest)
48.35%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
Bullish
No Signal
Bollinger Bands
Mildly Bearish
Sideways
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bearish
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend12What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD 1,606.07 MM
DIVIDEND PAYOUT RATIO(Y)
Highest at 28.47%
DIVIDEND PER SHARE(HY)
Highest at USD 0
RAW MATERIAL COST(Y)
Fallen by -0.39% (YoY
NET SALES(Q)
Highest at USD 4,439.73 MM
OPERATING PROFIT(Q)
Highest at USD 699.91 MM
PRE-TAX PROFIT(Q)
Highest at USD 559.83 MM
NET PROFIT(Q)
Highest at USD 430.04 MM
EPS(Q)
Highest at USD 0.81
-10What is not working for the Company
INTEREST(HY)
At USD 37.62 MM has Grown at 60.01%
ROCE(HY)
Lowest at 45.34%
CASH AND EQV(HY)
Lowest at USD 457.53 MM
INVENTORY TURNOVER RATIO(HY)
Lowest at 3.32 times
Here's what is working for Tractor Supply Co.
Dividend per share
Highest at USD 0 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (USD)
Operating Cash Flow
Highest at USD 1,606.07 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Dividend Payout Ratio
Highest at 28.47% 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 4,439.73 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Operating Profit
Highest at USD 699.91 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (USD MM)
Pre-Tax Profit
Highest at USD 559.83 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (USD MM)
Net Profit
Highest at USD 430.04 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (USD MM)
EPS
Highest at USD 0.81
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (USD)
Raw Material Cost
Fallen by -0.39% (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 122.1 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.
Interest
At USD 37.62 MM has Grown at 60.01%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Cash and Eqv
Lowest at USD 457.53 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Inventory Turnover Ratio
Lowest at 3.32 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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