Intrinsic value of AutoZone - AZO

Previous Close

$721.89

  Intrinsic Value

$133.19

stock screener

  Rating & Target

str. sell

-82%

Previous close

$721.89

 
Intrinsic value

$133.19

 
Up/down potential

-82%

 
Rating

str. sell

*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 2017), $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 20.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.38
  3.40
  3.56
  3.70
  3.83
  3.95
  4.06
  4.15
  4.23
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.82
  4.84
  4.86
  4.87
  4.89
  4.90
  4.91
  4.92
  4.92
Revenue, $m
  10,889
  11,259
  11,660
  12,092
  12,555
  13,051
  13,581
  14,144
  14,743
  15,379
  16,053
  16,766
  17,520
  18,316
  19,158
  20,046
  20,982
  21,969
  23,009
  24,104
  25,257
  26,470
  27,748
  29,091
  30,505
  31,991
  33,554
  35,197
  36,924
  38,739
  40,647
Variable operating expenses, $m
 
  9,074
  9,395
  9,742
  10,114
  10,512
  10,936
  11,389
  11,869
  12,379
  12,920
  13,453
  14,058
  14,697
  15,372
  16,085
  16,836
  17,628
  18,462
  19,341
  20,266
  21,240
  22,265
  23,343
  24,477
  25,670
  26,924
  28,242
  29,628
  31,084
  32,615
Fixed operating expenses, $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
Total operating expenses, $m
  8,809
  9,074
  9,395
  9,742
  10,114
  10,512
  10,936
  11,389
  11,869
  12,379
  12,920
  13,453
  14,058
  14,697
  15,372
  16,085
  16,836
  17,628
  18,462
  19,341
  20,266
  21,240
  22,265
  23,343
  24,477
  25,670
  26,924
  28,242
  29,628
  31,084
  32,615
Operating income, $m
  2,080
  2,186
  2,265
  2,350
  2,442
  2,540
  2,644
  2,756
  2,874
  3,000
  3,133
  3,313
  3,462
  3,619
  3,786
  3,961
  4,146
  4,341
  4,546
  4,763
  4,991
  5,231
  5,483
  5,748
  6,028
  6,321
  6,630
  6,955
  7,296
  7,655
  8,032
EBITDA, $m
  2,377
  2,503
  2,592
  2,688
  2,791
  2,901
  3,019
  3,144
  3,277
  3,418
  3,568
  3,727
  3,894
  4,071
  4,258
  4,456
  4,664
  4,883
  5,114
  5,358
  5,614
  5,884
  6,168
  6,466
  6,780
  7,111
  7,458
  7,823
  8,207
  8,611
  9,035
Interest expense (income), $m
  137
  172
  84
  94
  104
  116
  128
  141
  154
  169
  184
  201
  218
  236
  256
  276
  298
  321
  345
  370
  397
  425
  454
  485
  518
  552
  588
  627
  666
  708
  753
Earnings before tax, $m
  1,925
  2,013
  2,181
  2,256
  2,337
  2,424
  2,517
  2,615
  2,720
  2,831
  2,948
  3,112
  3,244
  3,383
  3,530
  3,685
  3,848
  4,020
  4,202
  4,393
  4,594
  4,806
  5,029
  5,263
  5,510
  5,769
  6,042
  6,328
  6,630
  6,946
  7,279
Tax expense, $m
  644
  544
  589
  609
  631
  654
  679
  706
  734
  764
  796
  840
  876
  913
  953
  995
  1,039
  1,085
  1,134
  1,186
  1,240
  1,298
  1,358
  1,421
  1,488
  1,558
  1,631
  1,709
  1,790
  1,876
  1,965
Net income, $m
  1,281
  1,470
  1,592
  1,647
  1,706
  1,770
  1,837
  1,909
  1,985
  2,066
  2,152
  2,272
  2,368
  2,469
  2,577
  2,690
  2,809
  2,935
  3,067
  3,207
  3,354
  3,508
  3,671
  3,842
  4,022
  4,211
  4,410
  4,620
  4,840
  5,071
  5,314

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
  8,694
  9,004
  9,337
  9,695
  10,078
  10,487
  10,922
  11,385
  11,876
  12,396
  12,946
  13,529
  14,144
  14,794
  15,479
  16,202
  16,964
  17,767
  18,613
  19,503
  20,441
  21,427
  22,464
  23,556
  24,703
  25,910
  27,179
  28,513
  29,914
  31,388
Adjusted assets (=assets-cash), $m
  8,410
  8,694
  9,004
  9,337
  9,695
  10,078
  10,487
  10,922
  11,385
  11,876
  12,396
  12,946
  13,529
  14,144
  14,794
  15,479
  16,202
  16,964
  17,767
  18,613
  19,503
  20,441
  21,427
  22,464
  23,556
  24,703
  25,910
  27,179
  28,513
  29,914
  31,388
Revenue / Adjusted assets
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
  1.295
Average production assets, $m
  3,685
  3,806
  3,941
  4,087
  4,244
  4,411
  4,590
  4,781
  4,983
  5,198
  5,426
  5,667
  5,922
  6,191
  6,475
  6,775
  7,092
  7,425
  7,777
  8,147
  8,537
  8,947
  9,379
  9,833
  10,311
  10,813
  11,341
  11,897
  12,480
  13,094
  13,739
Working capital, $m
  -450
  -619
  -641
  -665
  -691
  -718
  -747
  -778
  -811
  -846
  -883
  -922
  -964
  -1,007
  -1,054
  -1,103
  -1,154
  -1,208
  -1,265
  -1,326
  -1,389
  -1,456
  -1,526
  -1,600
  -1,678
  -1,760
  -1,845
  -1,936
  -2,031
  -2,131
  -2,236
Total debt, $m
  4,969
  2,406
  2,685
  2,985
  3,307
  3,652
  4,019
  4,411
  4,827
  5,269
  5,737
  6,233
  6,757
  7,311
  7,895
  8,512
  9,163
  9,849
  10,571
  11,333
  12,134
  12,977
  13,865
  14,799
  15,781
  16,814
  17,900
  19,042
  20,242
  21,504
  22,830
Total liabilities, $m
  10,387
  7,825
  8,104
  8,404
  8,726
  9,071
  9,438
  9,830
  10,246
  10,688
  11,156
  11,652
  12,176
  12,730
  13,314
  13,931
  14,582
  15,268
  15,990
  16,752
  17,553
  18,396
  19,284
  20,218
  21,200
  22,233
  23,319
  24,461
  25,661
  26,923
  28,249
Total equity, $m
  -1,788
  869
  900
  934
  970
  1,008
  1,049
  1,092
  1,138
  1,188
  1,240
  1,295
  1,353
  1,414
  1,479
  1,548
  1,620
  1,696
  1,777
  1,861
  1,950
  2,044
  2,143
  2,246
  2,356
  2,470
  2,591
  2,718
  2,851
  2,991
  3,139
Total liabilities and equity, $m
  8,599
  8,694
  9,004
  9,338
  9,696
  10,079
  10,487
  10,922
  11,384
  11,876
  12,396
  12,947
  13,529
  14,144
  14,793
  15,479
  16,202
  16,964
  17,767
  18,613
  19,503
  20,440
  21,427
  22,464
  23,556
  24,703
  25,910
  27,179
  28,512
  29,914
  31,388
Debt-to-equity ratio
  -2.779
  2.770
  2.980
  3.200
  3.410
  3.620
  3.830
  4.040
  4.240
  4.440
  4.630
  4.810
  4.990
  5.170
  5.340
  5.500
  5.660
  5.810
  5.950
  6.090
  6.220
  6.350
  6.470
  6.590
  6.700
  6.810
  6.910
  7.010
  7.100
  7.190
  7.270
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
  1,281
  1,470
  1,592
  1,647
  1,706
  1,770
  1,837
  1,909
  1,985
  2,066
  2,152
  2,272
  2,368
  2,469
  2,577
  2,690
  2,809
  2,935
  3,067
  3,207
  3,354
  3,508
  3,671
  3,842
  4,022
  4,211
  4,410
  4,620
  4,840
  5,071
  5,314
Depreciation, amort., depletion, $m
  297
  317
  327
  338
  349
  361
  374
  388
  403
  419
  435
  414
  432
  452
  473
  495
  518
  542
  568
  595
  623
  653
  685
  718
  753
  789
  828
  868
  911
  956
  1,003
Funds from operations, $m
  1,640
  1,787
  1,919
  1,985
  2,055
  2,131
  2,211
  2,297
  2,388
  2,485
  2,588
  2,685
  2,800
  2,921
  3,049
  3,184
  3,327
  3,477
  3,635
  3,801
  3,977
  4,161
  4,356
  4,560
  4,775
  5,001
  5,238
  5,488
  5,751
  6,027
  6,317
Change in working capital, $m
  63
  -20
  -22
  -24
  -25
  -27
  -29
  -31
  -33
  -35
  -37
  -39
  -41
  -44
  -46
  -49
  -51
  -54
  -57
  -60
  -63
  -67
  -70
  -74
  -78
  -82
  -86
  -90
  -95
  -100
  -105
Cash from operations, $m
  1,577
  1,807
  1,941
  2,008
  2,081
  2,158
  2,240
  2,328
  2,421
  2,520
  2,625
  2,725
  2,842
  2,965
  3,096
  3,233
  3,378
  3,531
  3,692
  3,862
  4,040
  4,228
  4,426
  4,634
  4,852
  5,082
  5,324
  5,578
  5,846
  6,126
  6,422
Maintenance CAPEX, $m
  0
  -269
  -278
  -288
  -298
  -310
  -322
  -335
  -349
  -364
  -379
  -396
  -414
  -432
  -452
  -473
  -495
  -518
  -542
  -568
  -595
  -623
  -653
  -685
  -718
  -753
  -789
  -828
  -868
  -911
  -956
New CAPEX, $m
  -499
  -121
  -135
  -146
  -157
  -168
  -179
  -190
  -202
  -215
  -228
  -241
  -255
  -269
  -284
  -300
  -316
  -334
  -351
  -370
  -390
  -410
  -432
  -454
  -478
  -502
  -528
  -555
  -584
  -614
  -645
Cash from investing activities, $m
  -506
  -390
  -413
  -434
  -455
  -478
  -501
  -525
  -551
  -579
  -607
  -637
  -669
  -701
  -736
  -773
  -811
  -852
  -893
  -938
  -985
  -1,033
  -1,085
  -1,139
  -1,196
  -1,255
  -1,317
  -1,383
  -1,452
  -1,525
  -1,601
Free cash flow, $m
  1,071
  1,417
  1,528
  1,575
  1,626
  1,681
  1,740
  1,803
  1,870
  1,941
  2,017
  2,088
  2,173
  2,264
  2,359
  2,460
  2,567
  2,680
  2,799
  2,924
  3,056
  3,195
  3,341
  3,495
  3,657
  3,827
  4,007
  4,195
  4,394
  4,602
  4,821
Issuance/(repayment) of debt, $m
  264
  -2,518
  279
  300
  322
  345
  368
  392
  416
  442
  468
  496
  524
  554
  585
  617
  651
  686
  723
  761
  801
  844
  888
  934
  982
  1,033
  1,086
  1,142
  1,200
  1,262
  1,326
Issuance/(repurchase) of shares, $m
  -1,372
  1,333
  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
  -1,185
  279
  300
  322
  345
  368
  392
  416
  442
  468
  496
  524
  554
  585
  617
  651
  686
  723
  761
  801
  844
  888
  934
  982
  1,033
  1,086
  1,142
  1,200
  1,262
  1,326
Total cash flow (excl. dividends), $m
  14
  232
  1,806
  1,875
  1,948
  2,025
  2,107
  2,194
  2,286
  2,383
  2,486
  2,583
  2,697
  2,817
  2,944
  3,077
  3,218
  3,366
  3,521
  3,685
  3,857
  4,038
  4,229
  4,429
  4,639
  4,860
  5,093
  5,337
  5,594
  5,863
  6,147
Retained Cash Flow (-), $m
  87
  -2,802
  -31
  -33
  -36
  -38
  -41
  -44
  -46
  -49
  -52
  -55
  -58
  -62
  -65
  -69
  -72
  -76
  -80
  -85
  -89
  -94
  -99
  -104
  -109
  -115
  -121
  -127
  -133
  -140
  -147
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
 
  -2,425
  1,775
  1,841
  1,912
  1,987
  2,067
  2,151
  2,240
  2,334
  2,434
  2,528
  2,639
  2,756
  2,879
  3,009
  3,146
  3,290
  3,441
  3,600
  3,768
  3,945
  4,130
  4,325
  4,530
  4,746
  4,972
  5,210
  5,460
  5,723
  6,000
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
 
  -2,169
  1,405
  1,276
  1,146
  1,017
  891
  770
  655
  550
  453
  366
  291
  227
  173
  129
  94
  67
  46
  31
  20
  13
  8
  5
  3
  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 16.4
Price to Sales 1.9
Price to Book -11.8
Price to Tangible Book
Price to Cash Flow 13.3
Price to Free Cash Flow 19.5
Growth Rates
Sales Growth Rate 2.4%
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 16.4%
Ret/ On Assets - 3 Yr. Avg. 17%
Return On Total Capital 41.7%
Ret/ On T. Cap. - 3 Yr. Avg. 43.1%
Return On Equity -73.4%
Return On Equity - 3 Yr. Avg. -72.7%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 52.7%
Gross Margin - 3 Yr. Avg. 52.6%
EBITDA Margin 21.7%
EBITDA Margin - 3 Yr. Avg. 21.8%
Operating Margin 19.1%
Oper. Margin - 3 Yr. Avg. 19.2%
Pre-Tax Margin 17.7%
Pre-Tax Margin - 3 Yr. Avg. 17.8%
Net Profit Margin 11.8%
Net Profit Margin - 3 Yr. Avg. 11.6%
Effective Tax Rate 33.5%
Eff/ Tax Rate - 3 Yr. Avg. 34.7%
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 $10889 million for the last fiscal year's total revenue generated by AutoZone. The default revenue input number comes from 2017 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 3.4% 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 80.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 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 33.8%.

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 -5.5%. 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 28.031 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 $20.2 billion.

RELATED COMPANIES Price Int.Val. Rating
AAP Advance Auto P 100.31 120.27  buy
ORLY O'Reilly A 251.07 250.45  buy
PRTS U.S. Auto Part 2.08 1.59  sell
IEP Icahn Enterpri 52.93 9.42  str.sell
HZO MarineMax 21.70 4.36  str.sell

COMPANY NEWS

▶ AutoZones Valuation Multiples after Its Fiscal 1Q18 Earnings   [Dec-08-17 10:30AM  Market Realist]
▶ AutoZones Segment-Wise Performance in 4Q17   [Dec-07-17 10:32AM  Market Realist]
▶ What Drove AutoZones 1Q18 Revenues Higher?   [09:03AM  Market Realist]
▶ AutoZone: Hit the Brakes?   [02:41PM  Barrons.com]
▶ Company News For Dec 6, 2017   [08:56AM  Zacks]
▶ AutoZone starts year strong, hopes for return of cold winter weather   [03:55PM  American City Business Journals]
▶ Why These 2 Stocks Moved on Tuesday   [02:31PM  GuruFocus.com]
▶ AutoZone: Back in the Fast Lane   [09:18AM  Barrons.com]
▶ How AutoZone Won Big With Q1 Earnings   [08:50AM  24/7 Wall St.]
▶ AutoZone, Inc. to Host Earnings Call   [08:00AM  ACCESSWIRE]
▶ AutoZone beats Street 1Q forecasts   [07:07AM  Associated Press]
▶ This Is Where You Buy AutoZone, Inc. Stock   [Dec-04-17 11:09PM  InvestorPlace]
▶ Ride the political roller-coaster to your benefit   [Dec-01-17 07:04PM  CNBC Videos]
▶ 3 Earnings Reports to Watch Next Week   [11:53AM  InvestorPlace]
▶ ETFs with exposure to AutoZone, Inc. : November 30, 2017   [Nov-30-17 01:30PM  Capital Cube]
▶ Are Auto Parts Retailers on the Recovery Path in November?   [Nov-29-17 09:00AM  Market Realist]
▶ How Analysts Are Rating Auto Parts Companies in November   [Nov-24-17 11:15AM  Market Realist]
▶ O'Reilly's in the Pole Position   [07:00AM  Morningstar]
▶ ETFs with exposure to AutoZone, Inc. : November 20, 2017   [Nov-20-17 11:45AM  Capital Cube]
▶ 10 Blue-Chip Stocks That Could Wreck Your Retirement   [Nov-17-17 01:14PM  InvestorPlace]
▶ AutoZone to Release First Quarter Earnings December 5, 2017   [Nov-14-17 05:09PM  GlobeNewswire]
▶ Trade of the Day: AutoZone, Inc. May Not Yet Be Out of Gas   [Nov-13-17 07:24AM  InvestorPlace]
▶ ETFs with exposure to AutoZone, Inc. : November 9, 2017   [Nov-09-17 12:00PM  Capital Cube]
▶ At $590.15, Is AutoZone Inc (AZO) A Buy?   [Oct-31-17 03:45PM  Simply Wall St.]
▶ ETFs with exposure to AutoZone, Inc. : October 30, 2017   [Oct-30-17 11:24AM  Capital Cube]
▶ 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]
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.

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