TRACTOR SUPPLY COMPANY (TR4.DE) Fundamental Analysis & Valuation

FRA:TR4 • US8923561067

Current stock price

39.765 EUR
+0.01 (+0.03%)
Last:

This TR4.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. TR4.DE Profitability Analysis

1.1 Basic Checks

  • In the past year TR4 was profitable.
  • TR4 had a positive operating cash flow in the past year.
  • Each year in the past 5 years TR4 has been profitable.
  • TR4 had a positive operating cash flow in each of the past 5 years.
TR4.DE Yearly Net Income VS EBIT VS OCF VS FCFTR4.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • With an excellent Return On Assets value of 10.02%, TR4 belongs to the best of the industry, outperforming 87.27% of the companies in the same industry.
  • TR4 has a Return On Equity of 42.46%. This is amongst the best in the industry. TR4 outperforms 94.55% of its industry peers.
  • TR4's Return On Invested Capital of 13.79% is amongst the best of the industry. TR4 outperforms 87.27% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TR4 is significantly above the industry average of 9.66%.
Industry RankSector Rank
ROA 10.02%
ROE 42.46%
ROIC 13.79%
ROA(3y)11.1%
ROA(5y)11.79%
ROE(3y)47.49%
ROE(5y)49.11%
ROIC(3y)15.2%
ROIC(5y)16.37%
TR4.DE Yearly ROA, ROE, ROICTR4.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • TR4 has a better Profit Margin (7.06%) than 83.64% of its industry peers.
  • In the last couple of years the Profit Margin of TR4 has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 9.45%, TR4 belongs to the top of the industry, outperforming 83.64% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TR4 has remained more or less at the same level.
  • TR4 has a Gross Margin (36.42%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of TR4 has remained more or less at the same level.
Industry RankSector Rank
OM 9.45%
PM (TTM) 7.06%
GM 36.42%
OM growth 3Y-2.19%
OM growth 5Y-1.19%
PM growth 3Y-2.7%
PM growth 5Y0.02%
GM growth 3Y1.33%
GM growth 5Y0.56%
TR4.DE Yearly Profit, Operating, Gross MarginsTR4.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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7

2. TR4.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TR4 is still creating some value.
  • Compared to 1 year ago, TR4 has less shares outstanding
  • TR4 has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, TR4 has an improved debt to assets ratio.
TR4.DE Yearly Shares OutstandingTR4.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
TR4.DE Yearly Total Debt VS Total AssetsTR4.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • An Altman-Z score of 4.66 indicates that TR4 is not in any danger for bankruptcy at the moment.
  • TR4 has a Altman-Z score of 4.66. This is amongst the best in the industry. TR4 outperforms 90.91% of its industry peers.
  • The Debt to FCF ratio of TR4 is 2.43, which is a good value as it means it would take TR4, 2.43 years of fcf income to pay off all of its debts.
  • TR4's Debt to FCF ratio of 2.43 is fine compared to the rest of the industry. TR4 outperforms 76.36% of its industry peers.
  • A Debt/Equity ratio of 0.70 indicates that TR4 is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.70, TR4 perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
  • Even though the debt/equity ratio score it not favorable for TR4, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 2.43
Altman-Z 4.66
ROIC/WACC1.61
WACC8.59%
TR4.DE Yearly LT Debt VS Equity VS FCFTR4.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • TR4 has a Current Ratio of 1.34. This is a normal value and indicates that TR4 is financially healthy and should not expect problems in meeting its short term obligations.
  • TR4 has a Current ratio (1.34) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.16 indicates that TR4 may have some problems paying its short term obligations.
  • TR4 has a Quick ratio of 0.16. This is amonst the worse of the industry: TR4 underperforms 87.27% of its industry peers.
  • TR4 does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 0.16
TR4.DE Yearly Current Assets VS Current LiabilitesTR4.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. TR4.DE Growth Analysis

3.1 Past

  • TR4 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.47%.
  • TR4 shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.54% yearly.
  • TR4 shows a small growth in Revenue. In the last year, the Revenue has grown by 4.31%.
  • The Revenue has been growing slightly by 7.89% on average over the past years.
EPS 1Y (TTM)1.47%
EPS 3Y2.15%
EPS 5Y8.54%
EPS Q2Q%-2.27%
Revenue 1Y (TTM)4.31%
Revenue growth 3Y3%
Revenue growth 5Y7.89%
Sales Q2Q%3.31%

3.2 Future

  • TR4 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.30% yearly.
  • The Revenue is expected to grow by 6.16% on average over the next years.
EPS Next Y7.46%
EPS Next 2Y8.87%
EPS Next 3Y9.79%
EPS Next 5Y10.3%
Revenue Next Year4.5%
Revenue Next 2Y5.28%
Revenue Next 3Y5.96%
Revenue Next 5Y6.16%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TR4.DE Yearly Revenue VS EstimatesTR4.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B 25B
TR4.DE Yearly EPS VS EstimatesTR4.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4

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2

4. TR4.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.09, the valuation of TR4 can be described as rather expensive.
  • Based on the Price/Earnings ratio, TR4 is valued a bit cheaper than 69.09% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, TR4 is valued at the same level.
  • The Price/Forward Earnings ratio is 20.59, which indicates a rather expensive current valuation of TR4.
  • TR4's Price/Forward Earnings ratio is in line with the industry average.
  • TR4's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 22.09
Fwd PE 20.59
TR4.DE Price Earnings VS Forward Price EarningsTR4.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • TR4's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, TR4 is valued a bit more expensive than 60.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 32.55
EV/EBITDA 13.11
TR4.DE Per share dataTR4.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TR4 does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of TR4 may justify a higher PE ratio.
PEG (NY)2.96
PEG (5Y)2.59
EPS Next 2Y8.87%
EPS Next 3Y9.79%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. TR4.DE Dividend Analysis

5.1 Amount

  • TR4 has a Yearly Dividend Yield of 2.09%. Purely for dividend investing, there may be better candidates out there.
  • TR4's Dividend Yield is a higher than the industry average which is at 1.40.
  • TR4's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.09%

5.2 History

  • The dividend of TR4 decreases each year by -9.18%.
Dividend Growth(5Y)-9.18%
Div Incr Years0
Div Non Decr Years0
TR4.DE Yearly Dividends per shareTR4.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2025 2026 1 2 3 4

5.3 Sustainability

  • TR4 pays out 44.49% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP44.49%
EPS Next 2Y8.87%
EPS Next 3Y9.79%
TR4.DE Yearly Income VS Free CF VS DividendTR4.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TR4.DE Dividend Payout.TR4.DE Dividend Payout, showing the Payout Ratio.TR4.DE Dividend Payout.PayoutRetained Earnings

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TR4.DE Fundamentals: All Metrics, Ratios and Statistics

TRACTOR SUPPLY COMPANY

FRA:TR4 (3/26/2026, 7:00:00 PM)

39.765

+0.01 (+0.03%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners99.45%
Inst Owner ChangeN/A
Ins Owners0.3%
Ins Owner ChangeN/A
Market Cap20.93B
Revenue(TTM)15.52B
Net Income(TTM)1.10B
Analysts76.84
Price Target47.4 (19.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.09%
Yearly Dividend0.8
Dividend Growth(5Y)-9.18%
DP44.49%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.62%
Min EPS beat(2)-8.89%
Max EPS beat(2)-0.36%
EPS beat(4)0
Avg EPS beat(4)-4.91%
Min EPS beat(4)-9.37%
Max EPS beat(4)-0.36%
EPS beat(8)1
Avg EPS beat(8)-3%
EPS beat(12)2
Avg EPS beat(12)-2.78%
EPS beat(16)4
Avg EPS beat(16)-1.22%
Revenue beat(2)0
Avg Revenue beat(2)-3.17%
Min Revenue beat(2)-4.38%
Max Revenue beat(2)-1.95%
Revenue beat(4)0
Avg Revenue beat(4)-2.79%
Min Revenue beat(4)-4.38%
Max Revenue beat(4)-0.97%
Revenue beat(8)0
Avg Revenue beat(8)-2.58%
Revenue beat(12)0
Avg Revenue beat(12)-2.71%
Revenue beat(16)2
Avg Revenue beat(16)-2.1%
PT rev (1m)0%
PT rev (3m)-14.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.51%
EPS NY rev (1m)-0.75%
EPS NY rev (3m)-6.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.05%
Valuation
Industry RankSector Rank
PE 22.09
Fwd PE 20.59
P/S 1.55
P/FCF 32.55
P/OCF 14.74
P/B 9.34
P/tB 11.04
EV/EBITDA 13.11
EPS(TTM)1.8
EY4.53%
EPS(NY)1.93
Fwd EY4.86%
FCF(TTM)1.22
FCFY3.07%
OCF(TTM)2.7
OCFY6.78%
SpS25.61
BVpS4.26
TBVpS3.6
PEG (NY)2.96
PEG (5Y)2.59
Graham Number13.13
Profitability
Industry RankSector Rank
ROA 10.02%
ROE 42.46%
ROCE 17.64%
ROIC 13.79%
ROICexc 14.12%
ROICexgc 14.85%
OM 9.45%
PM (TTM) 7.06%
GM 36.42%
FCFM 4.77%
ROA(3y)11.1%
ROA(5y)11.79%
ROE(3y)47.49%
ROE(5y)49.11%
ROIC(3y)15.2%
ROIC(5y)16.37%
ROICexc(3y)15.82%
ROICexc(5y)17.52%
ROICexgc(3y)16.51%
ROICexgc(5y)18.15%
ROCE(3y)19.45%
ROCE(5y)20.94%
ROICexgc growth 3Y-9.19%
ROICexgc growth 5Y-6.98%
ROICexc growth 3Y-9.39%
ROICexc growth 5Y-7.65%
OM growth 3Y-2.19%
OM growth 5Y-1.19%
PM growth 3Y-2.7%
PM growth 5Y0.02%
GM growth 3Y1.33%
GM growth 5Y0.56%
F-Score6
Asset Turnover1.42
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 2.43
Debt/EBITDA 0.92
Cap/Depr 181.12%
Cap/Sales 5.76%
Interest Coverage 21.04
Cash Conversion 83.37%
Profit Quality 67.56%
Current Ratio 1.34
Quick Ratio 0.16
Altman-Z 4.66
F-Score6
WACC8.59%
ROIC/WACC1.61
Cap/Depr(3y)182.76%
Cap/Depr(5y)201.25%
Cap/Sales(3y)5.4%
Cap/Sales(5y)5.32%
Profit Quality(3y)59.26%
Profit Quality(5y)56.51%
High Growth Momentum
Growth
EPS 1Y (TTM)1.47%
EPS 3Y2.15%
EPS 5Y8.54%
EPS Q2Q%-2.27%
EPS Next Y7.46%
EPS Next 2Y8.87%
EPS Next 3Y9.79%
EPS Next 5Y10.3%
Revenue 1Y (TTM)4.31%
Revenue growth 3Y3%
Revenue growth 5Y7.89%
Sales Q2Q%3.31%
Revenue Next Year4.5%
Revenue Next 2Y5.28%
Revenue Next 3Y5.96%
Revenue Next 5Y6.16%
EBIT growth 1Y-0.01%
EBIT growth 3Y0.75%
EBIT growth 5Y6.6%
EBIT Next Year38.53%
EBIT Next 3Y17.26%
EBIT Next 5Y13.45%
FCF growth 1Y16.29%
FCF growth 3Y8.26%
FCF growth 5Y-7.62%
OCF growth 1Y15.09%
OCF growth 3Y6.41%
OCF growth 5Y3.24%

TRACTOR SUPPLY COMPANY / TR4.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of TRACTOR SUPPLY COMPANY (TR4.DE) stock?

ChartMill assigns a fundamental rating of 6 / 10 to TR4.DE.


What is the valuation status of TRACTOR SUPPLY COMPANY (TR4.DE) stock?

ChartMill assigns a valuation rating of 2 / 10 to TRACTOR SUPPLY COMPANY (TR4.DE). This can be considered as Overvalued.


Can you provide the profitability details for TRACTOR SUPPLY COMPANY?

TRACTOR SUPPLY COMPANY (TR4.DE) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for TR4 stock?

The Earnings per Share (EPS) of TRACTOR SUPPLY COMPANY (TR4.DE) is expected to grow by 7.46% in the next year.


How sustainable is the dividend of TRACTOR SUPPLY COMPANY (TR4.DE) stock?

The dividend rating of TRACTOR SUPPLY COMPANY (TR4.DE) is 3 / 10 and the dividend payout ratio is 44.49%.