Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Tractor Supply Company (TSCO)

Company Dividend Discount ModelIndustry: Specialty RetailSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$61.17 - $241.31$104.01
Multi-Stage$38.98 - $42.57$40.74
Blended Fair Value$72.38
Current Price$56.52
Upside28.06%
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 Rate8.35%8.35%8.35%
Growth Rate5.50%6.50%7.50%
Fair Value$61.17$104.01$241.31
Upside / Downside8.23%84.03%326.94%

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 Rate8.35%8.35%8.35%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)570.34575.75581.15
Year 2 PV (M)652.23664.65677.19
Year 3 PV (M)729.41750.35771.68
Year 4 PV (M)802.07832.92864.64
Year 5 PV (M)870.41912.45956.10
PV of Terminal Value (M)17,217.5018,049.1118,912.55
Equity Value (M)20,841.9621,785.2222,763.32
Shares Outstanding (M)534.69534.69534.69
Fair Value$38.98$40.74$42.57
Upside / Downside-31.03%-27.91%-24.68%

High-Yield Dividend Screener

« Prev Page 35 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
3487.TCRE Logistics REIT, Inc.4.46%$7,526.1570.87%
6012.KLMaxis Berhad4.46%$0.1791.48%
7052.KLPadini Holdings Berhad4.46%$0.0848.65%
CRAV.PACaisse régionale de Crédit Agricole Mutuel Atlantique Vendée4.46%$6.2528.59%
GWCS.QAGulf Warehousing Company Q.P.S.C.4.46%$0.1054.78%
005940.KSNH Investment & Securities Co., Ltd.4.45%$948.2345.04%
0291.HKChina Resources Beer (Holdings) Company Limited4.45%$1.1843.56%
600269.SSJiangxi Ganyue Expressway CO.,LTD.4.45%$0.2330.75%
ASCO.ATAs Commercial Industrial Company of Computers and Toys S.A.4.45%$0.1843.19%
BOKUS.STBokusgruppen AB (publ)4.45%$3.3986.63%
000598.SZChengdu Xingrong Environment Co., Ltd.4.44%$0.3244.55%
058860.KSKTIS Corporation4.44%$120.0910.16%
DEWA.AEDubai Electricity and Water Authority (PJSC)4.44%$0.1285.40%
GALP.LSGalp Energia, SGPS, S.A.4.44%$0.6549.23%
MONC.MIMoncler S.p.A.4.44%$2.4352.33%
ORTHEX.HEOrthex Oyj4.44%$0.2157.93%
6270.TWOProfessional Computer Technology Limited4.43%$1.0076.06%
9802.TWFulgent Sun International (Holding) Co., Ltd.4.43%$4.5266.25%
FROTO.ISFord Otomotiv Sanayi A.S.4.43%$4.2443.47%
TCM.COTCM Group A/S4.43%$2.9746.27%
YDUQ3.SAYduqs Participações S.A.4.43%$0.5461.33%
1651.HKPrecision Tsugami (China) Corporation Limited4.42%$1.5345.55%
210980.KSSK D&D Co. Ltd.4.42%$600.1317.82%
HER.MIHera S.p.A.4.42%$0.1851.61%
015360.KSINVENI Co., Ltd.4.41%$2,880.2415.75%
603889.SSZhejiang Xinao Textiles Inc.4.41%$0.3558.00%
6214.TWSystex Corporation4.41%$5.2176.44%
BGIP3.SABanco do Estado de Sergipe S.A.4.41%$1.7021.11%
TLDN.JKPT Teladan Prima Agro Tbk4.41%$30.8931.72%
WEHA.JKPT WEHA Transportasi Indonesia Tbk4.41%$6.0038.19%
1662.HKYee Hop Holdings Limited4.40%$0.1052.30%
267850.KSAsiana IDT, Inc.4.40%$499.2843.32%
605599.SSBeijing Caishikou Department Store Co.,Ltd.4.40%$0.7268.99%
7202.SRArabian Internet and Communications Services Co. Ltd.4.40%$9.9276.74%
8415.TWOBrighton-Best International (Taiwan) Inc.4.40%$1.4856.16%
ISB.ICÍslandsbanki hf.4.40%$6.5447.32%
NCC.AENational Cement Company (Public Shareholding Co.)4.40%$0.2039.44%
WUW.DEWüstenrot & Württembergische AG4.40%$0.6543.88%
0QM5.LEmmi AG4.39%$32.0142.17%
2615.TWWan Hai Lines Ltd.4.39%$3.4928.69%
3234.TMori Hills REIT Investment Corporation4.39%$6,539.4066.38%
BUMP.LSeraphine Group PLC4.39%$1.3476.06%
COM7-R.BKCom7 Public Company Limited4.39%$0.8652.19%
CVECenovus Energy Inc.4.39%$0.7743.95%
VVV3.DEÖkoworld AG4.39%$1.1816.92%
139130.KSiM Financial Group Co., Ltd.4.38%$670.3330.22%
5200.KLUOA Development Bhd4.38%$0.0852.34%
600346.SSHengli Petrochemical Co.,Ltd.4.38%$0.9999.77%
SCHAND.BOS Chand and Company Limited4.38%$7.0248.25%
3029.TWZero One Technology Co., Ltd.4.37%$5.0085.70%