TSCO · Tractor Supply Company

$43.822026-05-17

Sector: Consumer Cyclical; Industry: Specialty Retail; Sub-Industry: Other Specialty Retail

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$47

+8.0% vs market

Base · active

$38

-12.3% vs market

Bear

$35

-19.6% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $35

Base $38

Market $44

Bull $47

Median $59

Market Price $44

Mulya.ai Base $38

Analysts Median $59

Mulya.ai IV range ($35 · $47)

Analysts Range ($50 · $67)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2021.Q4	$12.7B	—	12.1%	22.1%	$1.2B	−$3.8B	−$2.6B	5.6%	—	21.1%	$5.7B	$1.88	—
2022.Q4	$14.2B	11.6%	11.9%	22.5%	$1.3B	−$4.2B	−$2.9B	7.0%	—	20.8%	$6.9B	$2.05	—
2023.Q4	$14.6B	2.5%	12.0%	22.7%	$1.3B	−$4.2B	−$2.9B	6.8%	—	18.7%	$7.5B	$2.09	—
2024.Q4	$14.9B	2.2%	11.6%	22.1%	$1.3B	−$4.1B	−$2.7B	7.5%	—	17.5%	$7.9B	$2.08	—
2025.Q4	$15.5B	4.3%	11.1%	21.6%	$1.4B	−$4.3B	−$2.9B	7.3%	—	16.8%	$8.2B	$2.07	13.4
italics below = DCF projection · 10yr Rev CAGR: 5.4%
2026.Q4	$16.3B	+5.2%	11.1%	21.4%	$1.4B	−$4.1B	−$2.6B	7.1%	−$2.5B	13.8%	$12.3B	$2.27	19.3
2027.Q4	$17.3B	+6.2%	11.1%	21.3%	$1.5B	−$1.3B	$188MM	7.2%	$164MM	11.7%	$13.6B	$2.42	18.1
2028.Q4	$18.6B	+7.1%	11.1%	21.1%	$1.6B	−$933MM	$689MM	7.4%	$559MM	11.5%	$14.6B	$2.60	16.9
2029.Q4	$19.7B	+6.2%	11.1%	21.0%	$1.7B	−$1.6B	$145MM	7.5%	$109MM	11.3%	$16.1B	$2.76	15.9
2030.Q4	$20.8B	+5.7%	11.1%	20.8%	$1.8B	−$1.3B	$522MM	7.7%	$366MM	10.9%	$17.4B	$2.92	15.0

Term. Yr+	$27.3B	4.1%	14.5%	20.0%	$3.2B	−$995MM	$2.2B	8.6%	$23.0B	13.1%	—	—	—

Active scenario IV: $38 (-12.3% vs market)