Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Tractor Supply Company (TSCO)

Company Dividend Discount ModelIndustry: Specialty RetailSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$49.64 - $135.77$76.62
Multi-Stage$34.44 - $37.59$35.99
Blended Fair Value$56.30
Current Price$56.52
Upside-0.38%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.77%18.84%0.880.840.770.450.330.300.280.250.230.19
YoY Growth--5.09%9.77%71.38%36.84%7.35%10.61%9.91%9.45%18.59%22.65%
Dividend Yield--1.65%1.61%1.63%0.96%0.91%1.83%1.41%1.99%1.66%1.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,105.09
(-) Cash Dividends Paid (M)483.55
(=) Cash Retained (M)621.53
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)221.02138.1482.88
Cash Retained (M)621.53621.53621.53
(-) Cash Required (M)-221.02-138.14-82.88
(=) Excess Retained (M)400.51483.40538.65
(/) Shares Outstanding (M)534.69534.69534.69
(=) Excess Retained per Share0.750.901.01
LTM Dividend per Share0.900.900.90
(+) Excess Retained per Share0.750.901.01
(=) Adjusted Dividend1.651.811.91
WACC / Discount Rate9.01%9.01%9.01%
Growth Rate5.50%6.50%7.50%
Fair Value$49.64$76.62$135.77
Upside / Downside-12.17%35.56%140.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,105.091,176.921,253.421,334.891,421.661,514.061,559.49
Payout Ratio43.76%53.01%62.25%71.50%80.75%90.00%92.50%
Projected Dividends (M)483.55623.83780.31954.481,148.011,362.661,442.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.01%9.01%9.01%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)566.88572.25577.63
Year 2 PV (M)644.33656.60668.99
Year 3 PV (M)716.20736.76757.71
Year 4 PV (M)782.77812.87843.83
Year 5 PV (M)844.30885.08927.42
PV of Terminal Value (M)14,862.4515,580.3116,325.64
Equity Value (M)18,416.9219,243.8720,101.22
Shares Outstanding (M)534.69534.69534.69
Fair Value$34.44$35.99$37.59
Upside / Downside-39.06%-36.32%-33.49%

High-Yield Dividend Screener

« Prev Page 102 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
301022.SZQingdao Hi-Tech Moulds & Plastics Technology Co., Ltd.0.86%$0.2965.08%
600379.SSShaanxi Baoguang Vacuum Electric Device Co., Ltd.0.86%$0.1046.90%
601958.SSJinduicheng Molybdenum Co., Ltd.0.86%$0.1313.98%
601968.SSShanghai Baosteel Packaging Co., Ltd.0.86%$0.0530.44%
7059.TCOPRO-HOLDINGS. Co., Ltd.0.86%$8.6417.02%
9075.TFukuyama Transporting Co., Ltd.0.86%$37.8622.01%
GRANGrande Group Limited Class A Ordinary Shares0.86%$0.0422.51%
JECC.JKPT Jembo Cable Company Tbk0.86%$9.896.11%
MKAP.JKMultikarya Asia Pasifik Raya Tb0.86%$3.0020.31%
001460.KSBYC Co., Ltd.0.85%$354.1915.11%
002468.SZSTO Express Co., Ltd.0.85%$0.1115.11%
002777.SZSichuan Jiuyuan Yinhai Software.Co.,Ltd0.85%$0.1564.26%
002782.SZShenZhen Click Technology Co.,LTD.0.85%$0.1524.46%
0A05.LMedacta Group S.A.0.85%$1.3217.43%
348210.KQNEXTIN, Inc.0.85%$624.2647.22%
600621.SSShanghai Chinafortune Co., Ltd.0.85%$0.1324.10%
600714.SSQinghai Jinrui Mineral Development Co., Ltd0.85%$0.1052.98%
603162.SSFujian Highton Development0.85%$0.1024.23%
603681.SSShanghai Yongguan Adhesive Products Corp., Ltd.0.85%$0.1623.83%
603977.SSJiangxi Guotai Group Co.,Ltd.0.85%$0.1248.29%
ALPA3.SAAlpargatas S.A.0.85%$0.0916.36%
CHDRAUIB.MXGrupo Comercial Chedraui, S.A.B. de C.V.0.85%$1.0515.72%
DIOS.STDiƶs Fastigheter AB (publ)0.85%$0.559.76%
MARKOLINES.BOMarkolines Pavement Technologi0.85%$1.3410.59%
PGHH.BOProcter & Gamble Hygiene and Health Care Limited0.85%$110.0050.00%
002155.SZHunan Gold Corporation Limited0.84%$0.1822.97%
002378.SZChongyi Zhangyuan Tungsten Co., Ltd.0.84%$0.1266.08%
002609.SZShenzhen Jieshun Science and Technology Industry Co.,Ltd.0.84%$0.0881.97%
002987.SZNorthking Information Technology Co., Ltd.0.84%$0.1847.38%
2232.HKCrystal International Group Limited0.84%$0.0640.92%
300484.SZShenzhen V&T Technologies Co., Ltd.0.84%$0.1661.65%
300558.SZBetta Pharmaceuticals Co., Ltd.0.84%$0.3954.91%
300622.SZDoctorglasses Chain Co.,Ltd.0.84%$0.2655.20%
300820.SZSichuan Injet Electric Stock Co.,Ltd.0.84%$0.4041.58%
300962.SZZhongjin Irradiation Incorporated Company0.84%$0.1434.88%
301128.SZShenZhen QiangRui Precision Technology Co., Ltd.0.84%$0.8546.91%
5471.TDaido Steel Co., Ltd.0.84%$13.469.92%
600010.SSInner Mongolia Baotou Steel Union Co., Ltd.0.84%$0.0289.71%
600089.SSTBEA Co., Ltd.0.84%$0.1917.64%
600369.SSSouthwest Securities Co., Ltd.0.84%$0.0427.25%
603499.SSShanghai Sunglow Packaging Technology Co.,Ltd0.84%$0.1740.47%
6983.TWOUA YANG Precision Machinery Co., Ltd.0.84%$1.5028.47%
AEMAgnico Eagle Mines Limited0.84%$1.4220.98%
BDI.TOBlack Diamond Group Limited0.84%$0.1222.60%
LPGI.JKPT Lippo General Insurance Tbk0.84%$6.0014.47%
MALT.PAMalteries Franco-Belges S.A.0.84%$7.834.76%
000705.SZZhejiang Zhenyuan Share Co., Ltd.0.83%$0.0752.84%
001296.SZChongqing Changjiang River Moulding Material (Group) Co., Ltd.0.83%$0.2222.41%
003033.SZQingdao CHOHO Industrial Co., Ltd0.83%$0.6632.29%
010660.KSHwacheon Machinery Co., Ltd.0.83%$40.1925.46%