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Tractor Supply Co (BSP:T1SC34) Cyclically Adjusted Price-to-FCF : 56.88 (As of Jun. 06, 2024)


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

As of today (2024-06-06), Tractor Supply Co's current share price is R$80.20. Tractor Supply Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$1.41. Tractor Supply Co's Cyclically Adjusted Price-to-FCF for today is 56.88.

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

BSP:T1SC34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 33   Med: 53.11   Max: 142.53
Current: 52.3

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 53.11.

BSP:T1SC34's Cyclically Adjusted Price-to-FCF is ranked worse than
88.38% of 439 companies
in the Retail - Cyclical industry
Industry Median: 13.03 vs BSP:T1SC34: 52.30

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 R$0.255. 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 R$1.41 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 50.62

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
=80.20/1.41
=56.88

* 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)
=0.255/131.7762*131.7762
=0.255

Current CPI (Mar. 2024) = 131.7762.

Tractor Supply Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.146 100.560 0.191
201409 -0.040 100.428 -0.052
201412 0.220 99.070 0.293
201503 -0.016 99.621 -0.021
201506 0.187 100.684 0.245
201509 -0.089 100.392 -0.117
201512 0.222 99.792 0.293
201603 0.044 100.470 0.058
201606 0.210 101.688 0.272
201609 -0.079 101.861 -0.102
201612 0.433 101.863 0.560
201703 -0.234 102.862 -0.300
201706 0.437 103.349 0.557
201709 0.080 104.136 0.101
201712 0.279 104.011 0.353
201803 -0.098 105.290 -0.123
201806 0.383 106.317 0.475
201809 0.004 106.507 0.005
201812 0.449 105.998 0.558
201903 -0.073 107.251 -0.090
201906 0.541 108.070 0.660
201909 0.009 108.329 0.011
201912 0.620 108.420 0.754
202003 0.125 108.902 0.151
202006 2.103 108.767 2.548
202009 -0.160 109.815 -0.192
202012 0.623 109.897 0.747
202103 0.204 111.754 0.241
202106 1.243 114.631 1.429
202109 -0.263 115.734 -0.299
202112 0.057 117.630 0.064
202203 -0.130 121.301 -0.141
202206 1.033 125.017 1.089
202209 -0.483 125.227 -0.508
202212 1.070 125.222 1.126
202303 -0.361 127.348 -0.374
202306 1.400 128.729 1.433
202309 -0.054 129.860 -0.055
202312 0.423 129.419 0.431
202403 0.255 131.776 0.255

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  (BSP:T1SC34) 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

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Tractor Supply Co (BSP:T1SC34) Business Description

Traded in Other Exchanges
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%).

Tractor Supply Co (BSP:T1SC34) Headlines

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