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AZO

AutoZone NYSE:AZO Stock Report

Last Price

US$1.96k

Market Cap

US$38.5b

7D

6.8%

1Y

39.3%

Updated

25 May, 2022

Data

Company Financials +
AZO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance4/6
Financial Health2/6
Dividends0/6

AZO Stock Overview

AutoZone, Inc. retails and distributes automotive replacement parts and accessories.

AutoZone Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AutoZone
Historical stock prices
Current Share PriceUS$1,964.66
52 Week HighUS$2,267.40
52 Week LowUS$1,367.96
Beta0.90
1 Month Change-10.52%
3 Month Change9.47%
1 Year Change39.34%
3 Year Change91.20%
5 Year Change224.24%
Change since IPO26,652.82%

Recent News & Updates

May 05
With EPS Growth And More, AutoZone (NYSE:AZO) Is Interesting

With EPS Growth And More, AutoZone (NYSE:AZO) Is Interesting

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Apr 25

AutoZone Could Be A High-Inflation Winner, Here's How

Inflation is running red hot at 8.5% year-over-year in March. Used car prices ticked down slightly; however, the damage is already done. Could this be a net benefit to AutoZone, or will added costs cut into profits?

Apr 17
Estimating The Intrinsic Value Of AutoZone, Inc. (NYSE:AZO)

Estimating The Intrinsic Value Of AutoZone, Inc. (NYSE:AZO)

In this article we are going to estimate the intrinsic value of AutoZone, Inc. ( NYSE:AZO ) by taking the expected...

Shareholder Returns

AZOUS Specialty RetailUS Market
7D6.8%-0.6%1.0%
1Y39.3%-27.4%-15.1%

Return vs Industry: AZO exceeded the US Specialty Retail industry which returned -29.4% over the past year.

Return vs Market: AZO exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is AZO's price volatile compared to industry and market?
AZO volatility
AZO Average Weekly Movement6.0%
Specialty Retail Industry Average Movement8.7%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: AZO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AZO's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197985,050Bill Rhodeshttps://www.autozone.com

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.

AutoZone Fundamentals Summary

How do AutoZone's earnings and revenue compare to its market cap?
AZO fundamental statistics
Market CapUS$38.46b
Earnings (TTM)US$2.41b
Revenue (TTM)US$15.60b

16.0x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AZO income statement (TTM)
RevenueUS$15.60b
Cost of RevenueUS$7.41b
Gross ProfitUS$8.19b
Other ExpensesUS$5.78b
EarningsUS$2.41b

Last Reported Earnings

Feb 12, 2022

Next Earnings Date

n/a

Earnings per share (EPS)123.06
Gross Margin52.51%
Net Profit Margin15.44%
Debt/Equity Ratio-186.2%

How did AZO perform over the long term?

See historical performance and comparison

Valuation

Is AutoZone undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


11.7%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AZO ($1964.66) is trading below our estimate of fair value ($2224.36)

Significantly Below Fair Value: AZO is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AZO is poor value based on its Price-To-Earnings Ratio (16x) compared to the US Specialty Retail industry average (6x).

PE vs Market: AZO is poor value based on its Price-To-Earnings Ratio (16x) compared to the US market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: AZO is poor value based on its PEG Ratio (4.8x)


Price to Book Ratio

PB vs Industry: AZO has negative assets, so we can't compare its Price-To-Book Ratio to the US Specialty Retail industry average.


Future Growth

How is AutoZone forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AZO's forecast earnings growth (3.3% per year) is above the savings rate (1.9%).

Earnings vs Market: AZO's earnings (3.3% per year) are forecast to grow slower than the US market (12.1% per year).

High Growth Earnings: AZO's earnings are forecast to grow, but not significantly.

Revenue vs Market: AZO's revenue (4.2% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: AZO's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AZO's Return on Equity is forecast to be high in 3 years time


Past Performance

How has AutoZone performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AZO has high quality earnings.

Growing Profit Margin: AZO's current net profit margins (15.4%) are higher than last year (14%).


Past Earnings Growth Analysis

Earnings Trend: AZO's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: AZO's earnings growth over the past year (28.7%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: AZO earnings growth over the past year (28.7%) underperformed the Specialty Retail industry 70.8%.


Return on Equity

High ROE: AZO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is AutoZone's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AZO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AZO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: AZO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AZO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: AZO's debt is well covered by operating cash flow (62%).

Interest Coverage: AZO's interest payments on its debt are well covered by EBIT (17.1x coverage).


Balance Sheet


Dividend

What is AutoZone current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AZO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AZO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AZO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AZO's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AZO has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Bill Rhodes (56 yo)

17.17yrs

Tenure

US$14,838,996

Compensation

Mr. William C. Rhodes, III, also known as Bill, has been the President and Chief Executive Officer of Autozone, Inc. since March 14, 2005. Mr. Rhodes served as an Executive Vice President of Store Operatio...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD14.84M) is about average for companies of similar size in the US market ($USD13.26M).

Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AZO's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: AZO's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AZO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AutoZone, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: AutoZone, Inc.
  • Ticker: AZO
  • Exchange: NYSE
  • Founded: 1979
  • Industry: Automotive Retail
  • Sector: Retail
  • Implied Market Cap: US$38.460b
  • Shares outstanding: 19.58m
  • Website: https://www.autozone.com

Number of Employees


Location

  • AutoZone, Inc.
  • 123 South Front Street
  • Memphis
  • Tennessee
  • 38103
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2022/02/12
Annual Earnings2021/08/28


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.