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Tractor Supply Co (Tractor Supply Co) Cyclically Adjusted Price-to-FCF : 54.24 (As of May. 15, 2024)


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What is Tractor Supply Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Tractor Supply Co's current share price is $275.55. Tractor Supply Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.08. Tractor Supply Co's Cyclically Adjusted Price-to-FCF for today is 54.24.

The historical rank and industry rank for Tractor Supply Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSCO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 33   Med: 53.23   Max: 142.53
Current: 54.04

During the past years, Tractor Supply Co's highest Cyclically Adjusted Price-to-FCF was 142.53. The lowest was 33.00. And the median was 53.23.

TSCO's Cyclically Adjusted Price-to-FCF is ranked worse than
88.05% of 435 companies
in the Retail - Cyclical industry
Industry Median: 13 vs TSCO: 54.04

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Tractor Supply Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.923. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $5.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tractor Supply Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tractor Supply Co's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tractor Supply Co Cyclically Adjusted Price-to-FCF Chart

Tractor Supply Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.65 44.23 63.12 51.79 43.76

Tractor Supply Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.11 45.20 41.14 43.76 51.53

Competitive Comparison of Tractor Supply Co's Cyclically Adjusted Price-to-FCF

For the Specialty Retail subindustry, Tractor Supply Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tractor Supply Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Tractor Supply Co's Cyclically Adjusted Price-to-FCF falls into.



Tractor Supply Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Tractor Supply Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=275.55/5.08
=54.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tractor Supply Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tractor Supply Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.923/129.4194*129.4194
=0.923

Current CPI (Mar. 2024) = 129.4194.

Tractor Supply Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.173 100.560 1.510
201409 -0.304 100.428 -0.392
201412 1.499 99.070 1.958
201503 -0.090 99.621 -0.117
201506 1.083 100.684 1.392
201509 -0.413 100.392 -0.532
201512 1.031 99.792 1.337
201603 0.215 100.470 0.277
201606 1.102 101.688 1.403
201609 -0.438 101.861 -0.557
201612 2.325 101.863 2.954
201703 -1.347 102.862 -1.695
201706 2.388 103.349 2.990
201709 0.457 104.136 0.568
201712 1.524 104.011 1.896
201803 -0.535 105.290 -0.658
201806 1.827 106.317 2.224
201809 0.020 106.507 0.024
201812 2.079 105.998 2.538
201903 -0.342 107.251 -0.413
201906 2.528 108.070 3.027
201909 0.039 108.329 0.047
201912 2.719 108.420 3.246
202003 0.462 108.902 0.549
202006 7.296 108.767 8.681
202009 -0.534 109.815 -0.629
202012 2.181 109.897 2.568
202103 0.652 111.754 0.755
202106 4.449 114.631 5.023
202109 -0.898 115.734 -1.004
202112 0.181 117.630 0.199
202203 -0.470 121.301 -0.501
202206 3.683 125.017 3.813
202209 -1.659 125.227 -1.715
202212 3.673 125.222 3.796
202303 -1.249 127.348 -1.269
202306 5.190 128.729 5.218
202309 -0.197 129.860 -0.196
202312 1.553 129.419 1.553
202403 0.923 129.419 0.923

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Tractor Supply Co  (NAS:TSCO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Tractor Supply Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Tractor Supply Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Tractor Supply Co (Tractor Supply Co) Business Description

Address
5401 Virginia Way, Brentwood, TN, USA, 37027
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,198 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (to be converted to Tractor Supply banners), along with 195 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2022, revenue consisted primarily of livestock and pet (50%), hardware, tools, and truck (19%), and seasonal gift and toy (21%).
Executives
Joy Brown director TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Kurt D Barton officer: SVP Chief Financial Officer 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Margaret M Ham director 14100 MCCORD RD., HUNTERSVILLE NC 28078
Jonathan S Estep officer: SVP General Merchandising TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Robert D Mills officer: SVP-Chief Information Officer TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Yankee Colin officer: EVP Supply Chain TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Melissa Kersey officer: EVP Chief HR Officer TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Noni L Ellison officer: SVP General Counsel TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Matthew L. Rubin officer: SVP Petsense GM TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Lawton Iii Harry A director, officer: President & CEO C/O EBAY INC., 2065, SAN JOSE CA 95125
Edna Morris director TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Mark J Weikel director 4743 ENGLISH PLEAASURE DRIVE, MASON OH 45040
Kimberley S. Gardiner officer: SVP Chief Marketing Officer 3845 PACIFIC STREET, LONG BEACH CA 90807
Andre J Hawaux director 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402
Cynthia T Jamison director TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027