Intrinsic value of AutoZone - AZO

Previous Close

$598.55

  Intrinsic Value

$112.24

stock screener

  Rating & Target

str. sell

-81%

  Value-price divergence*

-4%

Previous close

$598.55

 
Intrinsic value

$112.24

 
Up/down potential

-81%

 
Rating

str. sell

 
Value-price divergence*

-4%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of AZO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 17.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.41
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  10,636
  10,849
  11,098
  11,383
  11,704
  12,059
  12,448
  12,872
  13,331
  13,825
  14,356
  14,923
  15,529
  16,174
  16,859
  17,586
  18,357
  19,173
  20,036
  20,947
  21,910
  22,925
  23,996
  25,125
  26,315
  27,567
  28,886
  30,275
  31,736
  33,272
  34,889
Variable operating expenses, $m
 
  8,233
  8,422
  8,637
  8,879
  9,147
  9,441
  9,761
  10,108
  10,481
  10,882
  11,272
  11,729
  12,216
  12,734
  13,283
  13,865
  14,482
  15,133
  15,822
  16,549
  17,316
  18,125
  18,977
  19,876
  20,822
  21,818
  22,867
  23,970
  25,131
  26,352
Fixed operating expenses, $m
 
  522
  535
  548
  562
  576
  590
  605
  620
  636
  652
  668
  685
  702
  719
  737
  756
  775
  794
  814
  834
  855
  876
  898
  921
  944
  967
  991
  1,016
  1,042
  1,068
Total operating expenses, $m
  8,575
  8,755
  8,957
  9,185
  9,441
  9,723
  10,031
  10,366
  10,728
  11,117
  11,534
  11,940
  12,414
  12,918
  13,453
  14,020
  14,621
  15,257
  15,927
  16,636
  17,383
  18,171
  19,001
  19,875
  20,797
  21,766
  22,785
  23,858
  24,986
  26,173
  27,420
Operating income, $m
  2,060
  2,094
  2,142
  2,198
  2,263
  2,335
  2,416
  2,505
  2,602
  2,708
  2,822
  2,984
  3,115
  3,256
  3,406
  3,566
  3,736
  3,917
  4,109
  4,312
  4,527
  4,755
  4,995
  5,250
  5,518
  5,802
  6,101
  6,416
  6,749
  7,100
  7,469
EBITDA, $m
  2,357
  2,407
  2,461
  2,525
  2,597
  2,679
  2,770
  2,870
  2,978
  3,096
  3,224
  3,361
  3,507
  3,664
  3,832
  4,010
  4,200
  4,401
  4,615
  4,841
  5,080
  5,334
  5,601
  5,884
  6,183
  6,498
  6,830
  7,181
  7,550
  7,940
  8,350
Interest expense (income), $m
  137
  172
  80
  87
  94
  102
  111
  120
  131
  142
  155
  168
  182
  197
  213
  230
  248
  267
  288
  309
  332
  356
  381
  408
  436
  466
  497
  530
  564
  601
  639
Earnings before tax, $m
  1,913
  1,921
  2,061
  2,111
  2,169
  2,234
  2,306
  2,385
  2,472
  2,566
  2,667
  2,816
  2,933
  3,059
  3,193
  3,336
  3,488
  3,649
  3,821
  4,003
  4,195
  4,399
  4,614
  4,842
  5,082
  5,336
  5,604
  5,887
  6,185
  6,499
  6,830
Tax expense, $m
  672
  519
  557
  570
  586
  603
  623
  644
  667
  693
  720
  760
  792
  826
  862
  901
  942
  985
  1,032
  1,081
  1,133
  1,188
  1,246
  1,307
  1,372
  1,441
  1,513
  1,589
  1,670
  1,755
  1,844
Net income, $m
  1,241
  1,403
  1,505
  1,541
  1,583
  1,631
  1,683
  1,741
  1,804
  1,873
  1,947
  2,056
  2,141
  2,233
  2,331
  2,435
  2,546
  2,664
  2,789
  2,922
  3,062
  3,211
  3,368
  3,534
  3,710
  3,895
  4,091
  4,297
  4,515
  4,744
  4,986

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  190
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,600
  8,576
  8,773
  8,999
  9,252
  9,532
  9,840
  10,175
  10,538
  10,929
  11,348
  11,797
  12,276
  12,786
  13,327
  13,902
  14,511
  15,156
  15,838
  16,559
  17,320
  18,123
  18,969
  19,862
  20,802
  21,792
  22,835
  23,932
  25,087
  26,302
  27,580
Adjusted assets (=assets-cash), $m
  8,410
  8,576
  8,773
  8,999
  9,252
  9,532
  9,840
  10,175
  10,538
  10,929
  11,348
  11,797
  12,276
  12,786
  13,327
  13,902
  14,511
  15,156
  15,838
  16,559
  17,320
  18,123
  18,969
  19,862
  20,802
  21,792
  22,835
  23,932
  25,087
  26,302
  27,580
Revenue / Adjusted assets
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
  1.265
Average production assets, $m
  3,685
  3,754
  3,840
  3,939
  4,049
  4,172
  4,307
  4,454
  4,612
  4,783
  4,967
  5,163
  5,373
  5,596
  5,833
  6,085
  6,352
  6,634
  6,932
  7,248
  7,581
  7,932
  8,303
  8,693
  9,105
  9,538
  9,995
  10,475
  10,980
  11,512
  12,072
Working capital, $m
  -450
  -608
  -622
  -637
  -655
  -675
  -697
  -721
  -747
  -774
  -804
  -836
  -870
  -906
  -944
  -985
  -1,028
  -1,074
  -1,122
  -1,173
  -1,227
  -1,284
  -1,344
  -1,407
  -1,474
  -1,544
  -1,618
  -1,695
  -1,777
  -1,863
  -1,954
Total debt, $m
  4,969
  2,299
  2,477
  2,680
  2,908
  3,160
  3,437
  3,739
  4,065
  4,417
  4,794
  5,198
  5,629
  6,088
  6,576
  7,093
  7,641
  8,222
  8,836
  9,484
  10,169
  10,891
  11,653
  12,457
  13,303
  14,194
  15,132
  16,120
  17,160
  18,253
  19,403
Total liabilities, $m
  10,387
  7,718
  7,896
  8,099
  8,327
  8,579
  8,856
  9,158
  9,484
  9,836
  10,213
  10,617
  11,048
  11,507
  11,995
  12,512
  13,060
  13,641
  14,255
  14,903
  15,588
  16,310
  17,072
  17,876
  18,722
  19,613
  20,551
  21,539
  22,579
  23,672
  24,822
Total equity, $m
  -1,788
  858
  877
  900
  925
  953
  984
  1,018
  1,054
  1,093
  1,135
  1,180
  1,228
  1,279
  1,333
  1,390
  1,451
  1,516
  1,584
  1,656
  1,732
  1,812
  1,897
  1,986
  2,080
  2,179
  2,283
  2,393
  2,509
  2,630
  2,758
Total liabilities and equity, $m
  8,599
  8,576
  8,773
  8,999
  9,252
  9,532
  9,840
  10,176
  10,538
  10,929
  11,348
  11,797
  12,276
  12,786
  13,328
  13,902
  14,511
  15,157
  15,839
  16,559
  17,320
  18,122
  18,969
  19,862
  20,802
  21,792
  22,834
  23,932
  25,088
  26,302
  27,580
Debt-to-equity ratio
  -2.779
  2.680
  2.820
  2.980
  3.140
  3.320
  3.490
  3.670
  3.860
  4.040
  4.220
  4.410
  4.590
  4.760
  4.930
  5.100
  5.270
  5.420
  5.580
  5.730
  5.870
  6.010
  6.140
  6.270
  6.390
  6.510
  6.630
  6.740
  6.840
  6.940
  7.040
Adjusted equity ratio
  -0.235
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,241
  1,403
  1,505
  1,541
  1,583
  1,631
  1,683
  1,741
  1,804
  1,873
  1,947
  2,056
  2,141
  2,233
  2,331
  2,435
  2,546
  2,664
  2,789
  2,922
  3,062
  3,211
  3,368
  3,534
  3,710
  3,895
  4,091
  4,297
  4,515
  4,744
  4,986
Depreciation, amort., depletion, $m
  297
  313
  319
  327
  335
  344
  354
  364
  376
  388
  402
  377
  392
  408
  426
  444
  464
  484
  506
  529
  553
  579
  606
  635
  665
  696
  730
  765
  801
  840
  881
Funds from operations, $m
  1,640
  1,716
  1,824
  1,868
  1,918
  1,974
  2,037
  2,105
  2,180
  2,261
  2,349
  2,432
  2,533
  2,641
  2,757
  2,879
  3,010
  3,148
  3,295
  3,451
  3,616
  3,790
  3,974
  4,169
  4,375
  4,592
  4,820
  5,062
  5,316
  5,585
  5,867
Change in working capital, $m
  63
  -12
  -14
  -16
  -18
  -20
  -22
  -24
  -26
  -28
  -30
  -32
  -34
  -36
  -38
  -41
  -43
  -46
  -48
  -51
  -54
  -57
  -60
  -63
  -67
  -70
  -74
  -78
  -82
  -86
  -91
Cash from operations, $m
  1,577
  1,728
  1,838
  1,884
  1,936
  1,994
  2,059
  2,129
  2,206
  2,289
  2,379
  2,464
  2,567
  2,678
  2,795
  2,920
  3,053
  3,194
  3,343
  3,502
  3,670
  3,847
  4,034
  4,232
  4,441
  4,662
  4,894
  5,140
  5,398
  5,671
  5,958
Maintenance CAPEX, $m
  0
  -269
  -274
  -280
  -287
  -296
  -305
  -314
  -325
  -337
  -349
  -363
  -377
  -392
  -408
  -426
  -444
  -464
  -484
  -506
  -529
  -553
  -579
  -606
  -635
  -665
  -696
  -730
  -765
  -801
  -840
New CAPEX, $m
  -499
  -69
  -86
  -99
  -111
  -123
  -135
  -147
  -159
  -171
  -184
  -196
  -210
  -223
  -237
  -252
  -267
  -282
  -299
  -315
  -333
  -351
  -371
  -391
  -412
  -433
  -456
  -480
  -505
  -532
  -559
Cash from investing activities, $m
  -506
  -338
  -360
  -379
  -398
  -419
  -440
  -461
  -484
  -508
  -533
  -559
  -587
  -615
  -645
  -678
  -711
  -746
  -783
  -821
  -862
  -904
  -950
  -997
  -1,047
  -1,098
  -1,152
  -1,210
  -1,270
  -1,333
  -1,399
Free cash flow, $m
  1,071
  1,390
  1,478
  1,505
  1,538
  1,576
  1,619
  1,668
  1,722
  1,781
  1,846
  1,905
  1,981
  2,062
  2,149
  2,243
  2,342
  2,448
  2,561
  2,680
  2,808
  2,942
  3,085
  3,236
  3,395
  3,564
  3,742
  3,930
  4,128
  4,337
  4,558
Issuance/(repayment) of debt, $m
  264
  -2,625
  178
  203
  228
  252
  277
  302
  326
  352
  377
  404
  431
  459
  488
  517
  548
  580
  614
  649
  685
  723
  762
  803
  846
  891
  938
  988
  1,039
  1,093
  1,150
Issuance/(repurchase) of shares, $m
  -1,372
  1,388
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -1,053
  -1,237
  178
  203
  228
  252
  277
  302
  326
  352
  377
  404
  431
  459
  488
  517
  548
  580
  614
  649
  685
  723
  762
  803
  846
  891
  938
  988
  1,039
  1,093
  1,150
Total cash flow (excl. dividends), $m
  14
  154
  1,655
  1,708
  1,766
  1,828
  1,896
  1,970
  2,048
  2,133
  2,223
  2,309
  2,412
  2,521
  2,637
  2,760
  2,890
  3,028
  3,175
  3,329
  3,492
  3,665
  3,847
  4,039
  4,241
  4,455
  4,680
  4,917
  5,168
  5,431
  5,708
Retained Cash Flow (-), $m
  87
  -2,791
  -20
  -23
  -25
  -28
  -31
  -34
  -36
  -39
  -42
  -45
  -48
  -51
  -54
  -57
  -61
  -64
  -68
  -72
  -76
  -80
  -85
  -89
  -94
  -99
  -104
  -110
  -115
  -121
  -128
Prev. year cash balance distribution, $m
 
  145
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -2,492
  1,636
  1,685
  1,740
  1,800
  1,866
  1,936
  2,012
  2,094
  2,181
  2,264
  2,364
  2,470
  2,583
  2,703
  2,829
  2,964
  3,106
  3,257
  3,416
  3,584
  3,762
  3,949
  4,147
  4,356
  4,576
  4,808
  5,052
  5,309
  5,581
Discount rate, %
 
  11.80
  12.39
  13.01
  13.66
  14.34
  15.06
  15.81
  16.60
  17.43
  18.31
  19.22
  20.18
  21.19
  22.25
  23.36
  24.53
  25.76
  27.05
  28.40
  29.82
  31.31
  32.87
  34.52
  36.24
  38.06
  39.96
  41.96
  44.05
  46.26
  48.57
PV of cash for distribution, $m
 
  -2,229
  1,295
  1,168
  1,043
  921
  804
  693
  589
  493
  406
  327
  260
  203
  155
  116
  85
  60
  42
  28
  18
  12
  7
  4
  2
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Autozone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company's other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry; E-commerce, which includes direct sales to customers through www.autozone.com, and AutoAnything, which includes direct sales to customers through www.autoanything.com.

FINANCIAL RATIOS  of  AutoZone (AZO)

Valuation Ratios
P/E Ratio 14
Price to Sales 1.6
Price to Book -9.7
Price to Tangible Book
Price to Cash Flow 11.1
Price to Free Cash Flow 16.2
Growth Rates
Sales Growth Rate 4.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 1.6%
Cap. Spend. - 3 Yr. Gr. Rate 3.8%
Financial Strength
Quick Ratio 4
Current Ratio 0
LT Debt to Equity -275.4%
Total Debt to Equity -277.9%
Interest Coverage 15
Management Effectiveness
Return On Assets 15.9%
Ret/ On Assets - 3 Yr. Avg. 16.1%
Return On Total Capital 40.4%
Ret/ On T. Cap. - 3 Yr. Avg. 40.5%
Return On Equity -71.1%
Return On Equity - 3 Yr. Avg. -68.5%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 52.7%
Gross Margin - 3 Yr. Avg. 52.4%
EBITDA Margin 22.1%
EBITDA Margin - 3 Yr. Avg. 21.9%
Operating Margin 19.4%
Oper. Margin - 3 Yr. Avg. 19.3%
Pre-Tax Margin 18%
Pre-Tax Margin - 3 Yr. Avg. 17.7%
Net Profit Margin 11.7%
Net Profit Margin - 3 Yr. Avg. 11.4%
Effective Tax Rate 35.1%
Eff/ Tax Rate - 3 Yr. Avg. 35.5%
Payout Ratio 0%

AZO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AZO stock intrinsic value calculation we used $10636 million for the last fiscal year's total revenue generated by AutoZone. The default revenue input number comes from 2016 income statement of AutoZone. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AZO stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.8%, whose default value for AZO is calculated based on our internal credit rating of AutoZone, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of AutoZone.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AZO stock the variable cost ratio is equal to 75.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $509 million in the base year in the intrinsic value calculation for AZO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for AutoZone.

Corporate tax rate of 27% is the nominal tax rate for AutoZone. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AZO stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AZO are equal to 34.6%.

Life of production assets of 13.7 years is the average useful life of capital assets used in AutoZone operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AZO is equal to -5.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-1788 million for AutoZone - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 28.982 million for AutoZone is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of AutoZone at the current share price and the inputted number of shares is $17.3 billion.

RELATED COMPANIES Price Int.Val. Rating
AAP Advance Auto P 86.01 116.90  buy
ORLY O'Reilly A 209.02 243.22  buy
PRTS U.S. Auto Part 2.80 1.55  sell
IEP Icahn Enterpri 55.90 9.16  str.sell
HZO MarineMax 16.40 4.32  str.sell

COMPANY NEWS

▶ Analysts Ratings on Auto Parts Companies in October 2017   [Oct-18-17 10:37AM  Market Realist]
▶ Club music, cheer offs and AutoZone   [Oct-06-17 09:05AM  American City Business Journals]
▶ Advanced Auto Parts: More Bad News   [Oct-04-17 10:29AM  Barrons.com]
▶ Behind the scenes: AutoZone's national sales meeting draws thousands to Memphis   [Oct-03-17 04:14PM  American City Business Journals]
▶ GM and Ford beat sales expectations   [10:25AM  Yahoo Finance Video]
▶ Looking ahead for AutoZone Stock after Its Fiscal 4Q17 Beat   [Sep-29-17 09:08AM  Market Realist]
▶ [$$] O'Reilly Automotive, AutoZone Ready to Roll   [Sep-27-17 11:44AM  Barrons.com]
▶ AutoZones Valuation Multiples after Its Fiscal 4Q17 Results   [Sep-22-17 10:38AM  Market Realist]
▶ Company News For Sep 20, 2017   [Sep-20-17 10:43AM  Zacks]
▶ AutoZone tops Street 4Q forecasts   [Sep-19-17 10:18PM  Associated Press]
▶ What Happened in the Stock Market Today   [05:05PM  Motley Fool]
▶ AutoZone: Amazon Trumps Good Earnings   [11:49AM  Barrons.com]
▶ AutoZone Inc.'s Growth Returns   [11:19AM  Motley Fool]
▶ Is There Now An Opportunity In AutoZone Inc (AZO)?   [Sep-18-17 05:07PM  Simply Wall St.]
▶ 3 Things to Watch in the Stock Market This Week   [Sep-17-17 01:00PM  Motley Fool]
▶ Don't get complacent, get diversified, says Cramer   [Sep-15-17 06:44PM  CNBC Videos]
▶ Do Analysts Expect AutoZones Revenues to Rise in 4Q17?   [Sep-14-17 02:36PM  Market Realist]
▶ Analysts Recommendations for Auto Part Companies   [Sep-06-17 07:35AM  Market Realist]
▶ In the Zone, Memphis auto parts retailer celebrates store 6,000   [Aug-25-17 04:20PM  American City Business Journals]
▶ AutoZone to celebrate retail milestone   [Aug-22-17 05:14PM  American City Business Journals]
▶ Stocks That Fell to 3-Year Lows in the Week of August 18   [Aug-20-17 09:24PM  GuruFocus.com]
▶ The Financial Crisis May Finally Be Catching Up With Auto-Parts Retailers   [Aug-18-17 12:16PM  The Wall Street Journal]
▶ How Advance Auto Parts Valuation Looks after 2Q17 Results   [Aug-17-17 09:06AM  Market Realist]
▶ AutoZone Is Stuck in Neutral -- For Now   [Aug-16-17 11:54AM  TheStreet.com]
▶ The Biggest Loser: Advance Auto Parts Plummets 20%   [Aug-15-17 04:24PM  Barrons.com]
▶ Auto Parts Retailers: Is The Selloff Overdone?   [Jul-20-17 10:38AM  Barrons.com]
▶ These 3 Stocks Look Expensive But Are Actually Cheap   [Jul-18-17 07:27PM  Motley Fool]
▶ 3 Value Stocks for Audacious Investors   [Jul-15-17 09:08AM  Motley Fool]
▶ Auto Parts Retailers Have an Amazon Problem   [Jul-13-17 07:39AM  Motley Fool]
Financial statements of AZO
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.