Tractor Supply Company
Find Ratings Reports
1.04 |
0.66%
TRACTOR SUPPLY CO's gross profit margin for the third quarter of its fiscal year 2020 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector. TRACTOR SUPPLY CO has weak liquidity. Currently, the Quick Ratio is 0.53 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 25.74% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
| Income Statement | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Net Sales ($mil) | 2606.57 | 1984.14 |
| EBITDA ($mil) | 326.83 | 214.58 |
| EBIT ($mil) | 272.18 | 164.76 |
| Net Income ($mil) | 190.61 | 122.13 |
| Balance Sheet | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Cash & Equiv. ($mil) | 1111.99 | 82.64 |
| Total Assets ($mil) | 6860.8 | 5429.3 |
| Total Debt ($mil) | 3413.22 | 2913.34 |
| Equity ($mil) | 1875.87 | 1491.82 |
| Profitability | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Gross Profit Margin | 36.37 | 34.99 |
| EBITDA Margin | 12.53 | 10.81 |
| Operating Margin | 10.44 | 8.3 |
| Sales Turnover | 1.45 | 1.53 |
| Return on Assets | 11.03 | 10.22 |
| Return on Equity | 40.37 | 37.2 |
| Debt | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Current Ratio | 1.49 | 1.6 |
| Debt/Capital | 0.65 | 0.66 |
| Interest Expense | 7.21 | 4.9 |
| Interest Coverage | 37.76 | 33.62 |
| Share Data | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Shares outstanding (mil) | 116.5 | 118.48 |
| Div / share | 0.4 | 0.35 |
| EPS | 1.62 | 1.02 |
| Book value / share | 16.1 | 12.59 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 1349302.0 | 1274714.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 24.35 for the Miscellaneous Store Retailers subsector and a significant discount compared to the S&P 500 average of 38.64. To use another comparison, its price-to-book ratio of 9.72 indicates a significant premium versus the S&P 500 average of 4.02 and a significant discount versus the subsector average of 76.80. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, TRACTOR SUPPLY CO proves to trade at a discount to investment alternatives.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TSCO 24.29 | Peers 50.94 | TSCO 13.04 | Peers 17.19 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. TSCO is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. TSCO is trading at a discount to its peers. |
|||||||||||||||||||||||
| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| TSCO 24.25 | Peers 41.90 | TSCO 0.56 | Peers 2.14 | |||||||||||||||||||||
|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. TSCO is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. TSCO trades at a significant discount to its peers. |
|||||||||||||||||||||||
| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| TSCO 9.72 | Peers 76.80 | TSCO 41.22 | Peers -6.63 | |||||||||||||||||||||
|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. TSCO is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. TSCO is expected to have an earnings growth rate that significantly exceeds its peers. |
|||||||||||||||||||||||
| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| TSCO 1.83 | Peers 3.11 | TSCO 19.78 | Peers 6.49 | |||||||||||||||||||||
|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. TSCO is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. TSCO has a sales growth rate that significantly exceeds its peers. |
|||||||||||||||||||||||
