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Tractor Supply Co (WBO:TSCO) Cyclically Adjusted FCF per Share : €1.01 (As of Mar. 2025)


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What is Tractor Supply Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Tractor Supply Co's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.131. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €1.01 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tractor Supply Co's average Cyclically Adjusted FCF Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 17.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 21.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Tractor Supply Co was 51.80% per year. The lowest was 12.40% per year. And the median was 23.80% per year.

As of today (2025-05-27), Tractor Supply Co's current stock price is €43.935. Tractor Supply Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €1.01. Tractor Supply Co's Cyclically Adjusted Price-to-FCF of today is 43.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tractor Supply Co was 109.12. The lowest was 33.00. And the median was 50.55.


Tractor Supply Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tractor Supply Co's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tractor Supply Co Cyclically Adjusted FCF per Share Chart

Tractor Supply Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.67 0.82 0.89 1.06

Tractor Supply Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.95 1.01 0.95 1.06 1.01

Competitive Comparison of Tractor Supply Co's Cyclically Adjusted FCF per Share

For the Specialty Retail subindustry, Tractor Supply Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tractor Supply Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Tractor Supply Co's Cyclically Adjusted Price-to-FCF falls into.


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Tractor Supply Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Tractor Supply Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.131/134.9266*134.9266
=0.131

Current CPI (Mar. 2025) = 134.9266.

Tractor Supply Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.193 100.684 0.259
201509 -0.074 100.392 -0.099
201512 0.189 99.792 0.256
201603 0.039 100.470 0.052
201606 0.196 101.688 0.260
201609 -0.078 101.861 -0.103
201612 0.441 101.863 0.584
201703 -0.252 102.862 -0.331
201706 0.425 103.349 0.555
201709 0.077 104.136 0.100
201712 0.258 104.011 0.335
201803 -0.087 105.290 -0.111
201806 0.313 106.317 0.397
201809 0.003 106.507 0.004
201812 0.366 105.998 0.466
201903 -0.061 107.251 -0.077
201906 0.447 108.070 0.558
201909 0.007 108.329 0.009
201912 0.489 108.420 0.609
202003 0.084 108.902 0.104
202006 1.296 108.767 1.608
202009 -0.091 109.815 -0.112
202012 0.359 109.897 0.441
202103 0.109 111.754 0.132
202106 0.739 114.631 0.870
202109 -0.153 115.734 -0.178
202112 0.032 117.630 0.037
202203 -0.085 121.301 -0.095
202206 0.697 125.017 0.752
202209 -0.335 125.227 -0.361
202212 0.693 125.222 0.747
202303 -0.233 127.348 -0.247
202306 0.958 128.729 1.004
202309 -0.037 129.860 -0.038
202312 0.285 129.419 0.297
202403 0.170 131.776 0.174
202406 0.631 132.554 0.642
202409 -0.171 133.029 -0.173
202412 0.483 133.157 0.489
202503 0.131 134.927 0.131

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Tractor Supply Co  (WBO:TSCO) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Tractor Supply Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=43.935/1.01
=43.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tractor Supply Co was 109.12. The lowest was 33.00. And the median was 50.55.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Tractor Supply Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Tractor Supply Co's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Tractor Supply Co Business Description

Address
5401 Virginia Way, Brentwood, TN, USA, 37027
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. At the end of fiscal 2024, the company operated 2,296 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2023 (most recent data available), revenue consisted primarily of livestock, equine & agriculture (27%), companion animal (25%), and seasonal & recreation (22%).