| Intrinsic Valuation of: TSCO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $16B | |||||
| 2021 | - | - (-) | P/E Ratio | 15 | Total Asset | $11B | |||||
| 2022 | $584M | - (-) | Net Income | $1B | Total Debt | $2B | |||||
| 2023 | $580M | -0.6% (-3.0%) | EBITDA | $2B | Total Liab | $8B | |||||
| 2024 | $637M | 9.8% (7.3%) | Opr Margin | 9.45 | Debt/Equity | 0.68 | |||||
| 2025 | $740M | 16.3% (11.5%) | PreTax Margin | 9.01 | BV/Share | 4 | |||||
| 5Y Average FCF | $635M | 5.2% (5.3%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (5.2%) | ||||||||||
| 2026 | $746M | MBG Intrinsic Value | $18 | ||||||||
| 2027 | $780M | ||||||||||
| 2028 | $813M | ||||||||||
| 2029 | $842M | ||||||||||
| 2030 | $867M | ||||||||||
| 2031 | $889M | ||||||||||
| Terminal Value | $20B | Net Worth/Share | $5 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $17B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $194M | $30 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 6.5% | 28 | 31 | 34 | 39 | 44 | |||
| Equity Value | $16B | 7.1% | 25 | 27 | 29 | 32 | 36 | ||||
| Shares Outstanding | 524,449,616 | 7.8% | 22 | 23 | 25 | 28 | 30 | ||||
| 8.4% | 19 | 21 | 22 | 24 | 26 | ||||||
| DCF Intrinsic Value | $30 | 9.0% | 18 | 19 | 20 | 21 | 23 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||