Tractor Supply Intrinsic Value – TRACTOR SUPPLY Reports FY2023 Q2 Earnings Results on June 30 2023
August 25, 2023
🌥️Earnings Overview
TRACTOR SUPPLY ($NASDAQ:TSCO) reported total revenue of USD 4184.7 million for the period ending July 27 2023, a 7.2% increase from the same date in the prior year. Net income also saw an increase of 6.2%, amounting to USD 421.2 million, when compared to the same period in the previous fiscal year. This was revealed in their Q2 earnings results released on June 30 2023.
Share Price
On June 30th 2023, TRACTOR SUPPLY Co. released its FY2023 Q2 earnings results and the company’s stock reacted positively. TRACTOR SUPPLY opened the day at $217.6 per share and closed at $223.6, representing a 4.2% increase from the prior closing price of $214.5. This is a positive sign for the company, indicating that investors are confident in TRACTOR SUPPLY’s performance for the quarter and its future prospects. The strong financial performance is due to TRACTOR SUPPLY’s strategic investments in areas such as e-commerce, store upgrades, and innovative product offerings. These investments have enabled the company to expand its customer base and reach new markets, leading to increased sales and profitability.
Additionally, TRACTOR SUPPLY’s successful cost-control initiatives have resulted in lower costs and higher profits in a highly competitive market. Overall, TRACTOR SUPPLY’s Q2 FY2023 earnings report indicates that the company is well-positioned for future success and that investors are optimistic about its long-term outlook. As a result, the stock reacted positively to the news and is likely to continue its upward trend in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tractor Supply. More…
| Total Revenues | Net Income | Net Margin |
| 14.76k | 1.11k | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tractor Supply. More…
| Operations | Investing | Financing |
| 1.51k | -1.17k | -251.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tractor Supply. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.03k | 6.95k | 19.18 |
Key Ratios Snapshot
Some of the financial key ratios for Tractor Supply are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.6% | 17.2% | 10.0% |
| FCF Margin | ROE | ROA |
| 4.4% | 45.9% | 10.2% |
Analysis – Tractor Supply Intrinsic Value
We at GoodWhale recently conducted an analysis of TRACTOR SUPPLY‘s wellbeing. Our proprietary Valuation Line was used to calculate the fair value of TRACTOR SUPPLY’s share, which was determined to be around $233.2. At the present time, TRACTOR SUPPLY stock is trading at $223.6, a price that is slightly undervalued at 4.1%. This could be seen as an opportunity for investors looking to take advantage of the slight discount. More…
Peers
Tractor Supply Co. is an American retail chain of stores that offers products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine, and pet care. It is one of the largest retailers in the United States. The company competes with Murphy USA Inc, Michael Anthony Jewelers, Casey’s General Stores Inc.
– Murphy USA Inc ($NYSE:MUSA)
Murphy USA Inc is a publicly traded company that operates in the petroleum retail industry. The company has a market capitalization of $7.2 billion as of 2022 and a return on equity of 78.1%. Murphy USA Inc is headquartered in El Dorado, Arkansas, and was founded in 1996. The company operates over 1,400 retail locations in the United States, selling gasoline, diesel fuel, and convenience store products.
– Michael Anthony Jewelers ($OTCPK:MAJJ)
Casey’s General Stores Inc is a publicly traded company that operates convenience stores in the Midwestern United States. As of 2022, the company had a market capitalization of 8.59 billion dollars and a return on equity of 14.75%. Casey’s General Stores Inc is headquartered in Ankeny, Iowa.
Summary
TRACTOR SUPPLY released their FY2023 Q2 earnings results for the period ending July 27 2023, showing total revenue of USD 4184.7 million, a 7.2% increase year-over-year and net income of USD 421.2 million, a 6.2% year-over-year increase. This good news resulted in the stock price moving up the same day. In terms of investing analysis, TRACTOR SUPPLY’s total revenue and net income have both increased significantly year-over-year which indicates strong performance and potential for growth. TRACTOR SUPPLY is well positioned to be a long term profitable stock option for investors.
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