Tractor Supply Stock Z Score

TSCO Stock

USD 281.71 8.08 2.95%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Tractor Supply Piotroski F Score and Tractor Supply Valuation analysis.

To learn how to invest in Tractor Stock, please use our How to Invest in Tractor Supply guide.

At this time, Tractor Supply's Capital Lease Obligations is very stable compared to the past year. As of the 25th of November 2024, Capital Stock is likely to grow to about 1.5 M, while Capital Surpluse is likely to drop about 810.2 M. At this time, Tractor Supply's EBIT is very stable compared to the past year. As of the 25th of November 2024, EBITDA is likely to grow to about 2 B, though Total Other Income Expense Net is likely to grow to (44.2 M).

Tractor Supply Company Z Score Analysis

Tractor Supply's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Tractor Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Tractor Supply is extremely important. It helps to project a fair market value of Tractor Stock properly, considering its historical fundamentals such as Z Score. Since Tractor Supply's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tractor Supply's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tractor Supply's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Good Will	Intangible Assets	Treasury Stock	Net Tangible Assets	Short Term Investments	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Long Term Investments	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.89	0.97	0.98	0.97	-0.44	1.0	0.97	0.93	0.39	0.95	0.81	0.34	0.78	0.43	-0.96	0.88	-0.49	0.97	0.88	-0.73	0.6	0.08	-0.91	0.92	0.53	0.75
Total Stockholder Equity	0.89		0.78	0.93	0.91	-0.29	0.84	0.94	0.76	0.68	0.8	0.75	0.03	0.67	0.49	-0.9	0.86	-0.68	0.85	0.84	-0.49	0.48	0.19	-0.71	0.74	0.47	0.61
Net Debt	0.97	0.78		0.94	0.92	-0.49	0.98	0.88	0.94	0.25	0.95	0.75	0.39	0.83	0.39	-0.92	0.8	-0.39	0.94	0.83	-0.75	0.66	0.04	-0.92	0.9	0.4	0.78
Retained Earnings	0.98	0.93	0.94		0.97	-0.46	0.96	0.96	0.9	0.48	0.95	0.8	0.24	0.83	0.51	-0.97	0.89	-0.57	0.96	0.89	-0.61	0.63	0.12	-0.83	0.87	0.46	0.74
Accounts Payable	0.97	0.91	0.92	0.97		-0.44	0.96	0.97	0.85	0.48	0.92	0.82	0.32	0.77	0.48	-0.98	0.91	-0.53	0.96	0.9	-0.64	0.49	0.1	-0.84	0.89	0.51	0.68
Net Receivables	-0.44	-0.29	-0.49	-0.46	-0.44		-0.46	-0.38	-0.38	-0.12	-0.5	-0.2	-0.18	-0.53	-0.65	0.52	-0.41	0.18	-0.53	-0.48	0.13	-0.24	-0.34	0.41	-0.37	-0.16	-0.3
Total Liab	1.0	0.84	0.98	0.96	0.96	-0.46		0.95	0.94	0.32	0.96	0.8	0.4	0.78	0.4	-0.95	0.86	-0.43	0.97	0.87	-0.76	0.61	0.06	-0.92	0.93	0.53	0.76
Total Current Assets	0.97	0.94	0.88	0.96	0.97	-0.38	0.95		0.86	0.51	0.91	0.82	0.3	0.68	0.43	-0.95	0.91	-0.55	0.95	0.89	-0.65	0.51	0.13	-0.84	0.88	0.65	0.68
Short Term Debt	0.93	0.76	0.94	0.9	0.85	-0.38	0.94	0.86		0.21	0.93	0.84	0.42	0.7	0.28	-0.85	0.76	-0.37	0.9	0.76	-0.72	0.72	0.15	-0.86	0.87	0.51	0.79
Common Stock	0.39	0.68	0.25	0.48	0.48	-0.12	0.32	0.51	0.21		0.24	0.39	-0.42	0.21	0.52	-0.52	0.62	-0.81	0.33	0.64	0.02	0.04	0.27	-0.27	0.28	0.15	-0.09
Long Term Debt	0.95	0.8	0.95	0.95	0.92	-0.5	0.96	0.91	0.93	0.24		0.74	0.49	0.84	0.4	-0.9	0.83	-0.4	0.98	0.8	-0.63	0.74	0.06	-0.81	0.93	0.57	0.81
Property Plant Equipment	0.81	0.75	0.75	0.8	0.82	-0.2	0.8	0.82	0.84	0.39	0.74		0.32	0.48	0.36	-0.82	0.75	-0.43	0.78	0.76	-0.55	0.38	0.08	-0.71	0.74	0.48	0.56
Current Deferred Revenue	0.34	0.03	0.39	0.24	0.32	-0.18	0.4	0.3	0.42	-0.42	0.49	0.32		0.25	-0.26	-0.23	0.22	0.16	0.46	0.11	-0.33	0.31	-0.07	-0.31	0.51	0.55	0.48
Good Will	0.78	0.67	0.83	0.83	0.77	-0.53	0.78	0.68	0.7	0.21	0.84	0.48	0.25		0.5	-0.77	0.66	-0.36	0.81	0.65	-0.4	0.72	-0.02	-0.58	0.72	0.11	0.71
Intangible Assets	0.43	0.49	0.39	0.51	0.48	-0.65	0.4	0.43	0.28	0.52	0.4	0.36	-0.26	0.5		-0.59	0.52	-0.45	0.47	0.62	-0.02	0.16	-0.11	-0.32	0.29	0.07	0.1
Treasury Stock	-0.96	-0.9	-0.92	-0.97	-0.98	0.52	-0.95	-0.95	-0.85	-0.52	-0.9	-0.82	-0.23	-0.77	-0.59		-0.91	0.57	-0.95	-0.94	0.61	-0.48	-0.11	0.85	-0.86	-0.44	-0.62
Net Tangible Assets	0.88	0.86	0.8	0.89	0.91	-0.41	0.86	0.91	0.76	0.62	0.83	0.75	0.22	0.66	0.52	-0.91		-0.6	0.88	0.97	-0.55	0.56	0.13	-0.75	0.9	0.56	0.41
Short Term Investments	-0.49	-0.68	-0.39	-0.57	-0.53	0.18	-0.43	-0.55	-0.37	-0.81	-0.4	-0.43	0.16	-0.36	-0.45	0.57	-0.6		-0.44	-0.59	0.1	-0.18	-0.3	0.34	-0.32	-0.19	-0.24
Long Term Debt Total	0.97	0.85	0.94	0.96	0.96	-0.53	0.97	0.95	0.9	0.33	0.98	0.78	0.46	0.81	0.47	-0.95	0.88	-0.44		0.86	-0.63	0.63	0.08	-0.83	0.93	0.6	0.76
Capital Surpluse	0.88	0.84	0.83	0.89	0.9	-0.48	0.87	0.89	0.76	0.64	0.8	0.76	0.11	0.65	0.62	-0.94	0.97	-0.59	0.86		-0.58	0.48	0.11	-0.8	0.86	0.46	0.38
Deferred Long Term Liab	-0.73	-0.49	-0.75	-0.61	-0.64	0.13	-0.76	-0.65	-0.72	0.02	-0.63	-0.55	-0.33	-0.4	-0.02	0.61	-0.55	0.1	-0.63	-0.58		-0.39	0.08	0.86	-0.7	-0.39	-0.54
Accumulated Depreciation	0.6	0.48	0.66	0.63	0.49	-0.24	0.61	0.51	0.72	0.04	0.74	0.38	0.31	0.72	0.16	-0.48	0.56	-0.18	0.63	0.48	-0.39		0.01	-0.45	0.71	0.3	0.59
Short Long Term Debt	0.08	0.19	0.04	0.12	0.1	-0.34	0.06	0.13	0.15	0.27	0.06	0.08	-0.07	-0.02	-0.11	-0.11	0.13	-0.3	0.08	0.11	0.08	0.01		-0.03	0.01	0.01	0.04
Long Term Investments	-0.91	-0.71	-0.92	-0.83	-0.84	0.41	-0.92	-0.84	-0.86	-0.27	-0.81	-0.71	-0.31	-0.58	-0.32	0.85	-0.75	0.34	-0.83	-0.8	0.86	-0.45	-0.03		-0.83	-0.48	-0.63
Net Invested Capital	0.92	0.74	0.9	0.87	0.89	-0.37	0.93	0.88	0.87	0.28	0.93	0.74	0.51	0.72	0.29	-0.86	0.9	-0.32	0.93	0.86	-0.7	0.71	0.01	-0.83		0.62	0.6
Net Working Capital	0.53	0.47	0.4	0.46	0.51	-0.16	0.53	0.65	0.51	0.15	0.57	0.48	0.55	0.11	0.07	-0.44	0.56	-0.19	0.6	0.46	-0.39	0.3	0.01	-0.48	0.62		0.38
Capital Stock	0.75	0.61	0.78	0.74	0.68	-0.3	0.76	0.68	0.79	-0.09	0.81	0.56	0.48	0.71	0.1	-0.62	0.41	-0.24	0.76	0.38	-0.54	0.59	0.04	-0.63	0.6	0.38

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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Tractor Supply

Based on the company's disclosures, Tractor Supply has a Z Score of 0.0. This is 100.0% lower than that of the Specialty Retail sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

Tractor Supply ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Tractor Supply's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Tractor Supply's managers, analysts, and investors.

Environmental

Governance

Social

Tractor Supply Institutional Holders

Institutional Holdings refers to the ownership stake in Tractor Supply that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tractor Supply's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tractor Supply's value.

		Shares
Amvescap Plc.	2024-06-30	1.9 M
Stifel Financial Corp	2024-06-30	1.6 M
Capital Research Global Investors	2024-09-30	1.5 M
Select Equity Group Lp	2024-09-30	1.5 M
Norges Bank	2024-06-30	1.3 M
Wells Fargo & Co	2024-06-30	1.2 M
Dimensional Fund Advisors, Inc.	2024-09-30	1.2 M
Legal & General Group Plc	2024-06-30	1 M
Veritas Investment Partners (uk) Ltd.	2024-09-30	1 M
Vanguard Group Inc	2024-09-30	13 M
Blackrock Inc	2024-06-30	9.4 M

Tractor Fundamentals

	Return On Equity	0.51
	Return On Asset	0.0977
	Profit Margin	0.08 %
	Operating Margin	0.09 %
	Current Valuation	35.24 B
	Shares Outstanding	106.84 M
	Shares Owned By Insiders	0.28 %
	Shares Owned By Institutions	97.68 %
	Number Of Shares Shorted	6 M
	Price To Earning	24.49 X
	Price To Book	13.15 X
	Price To Sales	2.04 X
	Revenue	14.56 B
	Gross Profit	4.97 B
	EBITDA	1.87 B
	Net Income	1.11 B
	Cash And Equivalents	211.24 M
	Cash Per Share	1.91 X
	Total Debt	5.04 B
	Debt To Equity	2.09 %
	Current Ratio	1.48 X
	Book Value Per Share	21.41 X
	Cash Flow From Operations	1.33 B
	Short Ratio	5.95 X
	Earnings Per Share	10.28 X
	Price To Earnings To Growth	2.54 X
	Target Price	289.83
	Number Of Employees	50 K
	Beta	0.81
	Market Capitalization	30.1 B
	Total Asset	9.19 B
	Retained Earnings	6.28 B
	Working Capital	1.09 B
	Current Asset	1.44 B
	Current Liabilities	671.28 M
	Annual Yield	0.02 %
	Five Year Return	1.27 %
	Net Asset	9.19 B
	Last Dividend Paid	4.33

About Tractor Supply Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tractor Supply's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tractor Supply using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tractor Supply based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Tractor Supply

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tractor Supply position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tractor Supply will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tractor Stock

0.66

Home Depot

Pair Corr

Moving against Tractor Stock

0.43	VC	Visteon Corp	Pair Corr
0.39	FL	Foot Locker Earnings Call This Week	Pair Corr
0.35	SAH	Sonic Automotive	Pair Corr

The ability to find closely correlated positions to Tractor Supply could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tractor Supply when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tractor Supply - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tractor Supply to buy it.

The correlation of Tractor Supply is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tractor Supply moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tractor Supply moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Tractor Supply can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Tractor Supply offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tractor Supply's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tractor Supply Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tractor Supply Stock:

How To Invest In Tractor

Details

Is Tractor Stock a good investment?

Details

What is Tractor Supply's Net Worth?

Details

Largest Other Specialty Retail Companies

View

Largest Consumer Discretionary Distribution & Retail Companies

View

Check out Tractor Supply Piotroski F Score and Tractor Supply Valuation analysis.

To learn how to invest in Tractor Stock, please use our How to Invest in Tractor Supply guide.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Is Other Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tractor Supply. If investors know Tractor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tractor Supply listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.04)

Dividend Share

4.33

Earnings Share

10.28

Revenue Per Share

137.078

Quarterly Revenue Growth

0.016

The market value of Tractor Supply is measured differently than its book value, which is the value of Tractor that is recorded on the company's balance sheet. Investors also form their own opinion of Tractor Supply's value that differs from its market value or its book value, called intrinsic value, which is Tractor Supply's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tractor Supply's market value can be influenced by many factors that don't directly affect Tractor Supply's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Tractor Supply's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tractor Supply is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tractor Supply's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Tractor Supply Stock Z Score

Tractor Supply Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Tractor Z Score Driver Correlations

Tractor Supply ESG Sustainability

Tractor Supply Institutional Holders

Tractor Fundamentals

About Tractor Supply Fundamental Analysis

Pair Trading with Tractor Supply

Moving together with Tractor Stock

Moving against Tractor Stock

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