AutoZone
Market Cap
US$26.6b
Last Updated
2019/10/17 23:32 UTC
Data Sources
Company Financials +
Executive Summary
AutoZone, Inc. retails and distributes automotive replacement parts and accessories.
Snowflake
Fundamentals
Proven track record with imperfect balance sheet.
Similar Companies
Share Price & News
How has AutoZone's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.6%
AZO
3.9%
US Specialty Retail
1.8%
US Market
1 Year Return
51.4%
AZO
7.1%
US Specialty Retail
7.3%
US Market
Return vs Industry: AZO exceeded the US Specialty Retail industry which returned 7.1% over the past year.
Return vs Market: AZO exceeded the US Market which returned 7.3% over the past year.
Shareholder returns
| AZO | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 3.9% | 1.8% |
| 30 Day | -4.4% | 3.0% | -0.7% |
| 90 Day | -5.7% | 4.7% | 0.06% |
| 1 Year | 51.4%51.4% | 8.9%7.1% | 9.7%7.3% |
| 3 Year | 48.1%48.1% | 43.0%35.7% | 46.3%36.9% |
| 5 Year | 107.9%107.9% | 57.7%43.8% | 64.5%46.5% |
Price Volatility Vs. Market
How volatile is AutoZone's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Why AutoZone, Inc.'s (NYSE:AZO) High P/E Ratio Isn't Necessarily A Bad Thing3 weeks ago | Simply Wall St
AutoZone, Inc. (NYSE:AZO) Earns A Nice Return On Capital Employed1 month ago | Simply Wall St
Does This Valuation Of AutoZone, Inc. (NYSE:AZO) Imply Investors Are Overpaying?Valuation
Is AutoZone undervalued compared to its fair value and its price relative to the market?
17.06x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: AZO ($1105.11) is trading above our estimate of fair value ($1004.72)
Significantly Undervalued: AZO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AZO is poor value based on its PE Ratio (17.1x) compared to the Specialty Retail industry average (15.2x).
PE vs Market: AZO is good value based on its PE Ratio (17.1x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: AZO is poor value based on its PEG Ratio (16.3x)
Price to Book Ratio
PB vs Industry: AZO has negative assets, so we can't compare its PB Ratio to the US Specialty Retail industry average.
Next Steps
Future Growth
How is AutoZone forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
1.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AZO's forecast earnings growth (1% per year) is below the savings rate (2.7%).
Earnings vs Market: AZO's earnings (1% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: AZO's earnings are forecast to grow, but not significantly.
Revenue vs Market: AZO's revenue (3.5% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: AZO's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if AZO's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has AutoZone performed over the past 5 years?
6.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AZO's earnings have grown by 6.6% per year over the past 5 years.
Accelerating Growth: AZO's earnings growth over the past year (20.5%) exceeds its 5-year average (6.6% per year).
Earnings vs Industry: AZO earnings growth over the past year (20.5%) exceeded the Specialty Retail industry 8.3%.
Return on Equity
High ROE: AZO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
ROA vs Industry: AZO has a higher Return on Assets than the Specialty Retail industry average last year.
Return on Capital Employed
ROCE Improving: AZO's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is AutoZone's financial position?
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 (40.9%).
Interest Coverage: AZO's interest payments on its debt are well covered by EBIT (12x coverage).
Balance Sheet
Inventory Level: AZO has a high level of physical assets or inventory.
Debt Coverage by Assets: AZO has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Next Steps
Dividend
What is AutoZone's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate AZO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AZO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AZO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of AutoZone's salary, the management and board of directors tenure and is there insider trading?
6.5yrs
Average management tenure
CEO
Bill Rhodes (54yo)
14.6yrs
Tenure
US$4,220,619
Compensation
Mr. William C. Rhodes, III, also known as Bill, has been the President and Chief Executive Officer of Autozone, Inc. since March 14, 2005. Mr. Rhodes served as an Executive Vice President of Store Operatio ...
CEO Compensation Analysis
Compensation vs. Market: Bill's total compensation ($USD4.22M) is below average for companies of similar size in the US market ($USD11.21M).
Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.
Management Age and Tenure
6.5yrs
Average Tenure
55yo
Average Age
Experienced Management: AZO's management team is seasoned and experienced (6.5 years average tenure).
Board Age and Tenure
8.9yrs
Average Tenure
61yo
Average Age
Experienced Board: AZO's board of directors are considered experienced (8.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Merchandising |
| Shares | 217.06 |
| Max Price | US$1,037.95 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Store Operations |
| Shares | 7,500 |
| Max Price | US$998.39 |
Ownership Breakdown
Management Team
Bill Rhodes (54yo)
Chairman
- Tenure: 14.6yrs
- Compensation: US$4.22m
Bill Giles (60yo)
CFO and Executive VP of Finance
- Tenure: 13.4yrs
- Compensation: US$2.51m
Bill Hackney (54yo)
Senior Vice President of Merchandising
- Tenure: 4yrs
Charlie Pleas (54yo)
Senior VP & Controller
- Tenure: 0yrs
Ron Griffin (65yo)
Senior VP & Chief Information Officer
- Tenure: 7.3yrs
- Compensation: US$1.84m
Tom Newbern (57yo)
Executive Vice President of Store Operations
- Tenure: 12.8yrs
- Compensation: US$2.05m
Mark Finestone (58yo)
Executive Vice President of Merchandising
- Tenure: 4yrs
- Compensation: US$2.10m
Kristen Wright (43yo)
Senior VP
- Tenure: 5.8yrs
Rick Smith (55yo)
Senior Vice President of Human Resources & Customer Satisfaction
- Tenure: 3.8yrs
Brian Campbell
Vice President of Tax
- Tenure: 0yrs
Board Members
Bill Rhodes (54yo)
Chairman
- Tenure: 14.6yrs
- Compensation: US$4.22m
George Mrkonic (67yo)
Director
- Tenure: 13.3yrs
- Compensation: US$247.50k
Doug Brooks (66yo)
Director
- Tenure: 6.2yrs
- Compensation: US$213.75k
Luis Nieto (63yo)
Director
- Tenure: 11.1yrs
- Compensation: US$225.62k
Linda Goodspeed (57yo)
Director
- Tenure: 6.7yrs
- Compensation: US$227.50k
Andy McKenna (73yo)
Director
- Tenure: 19.8yrs
- Compensation: US$240.00k
D. Jordan (57yo)
Director
- Tenure: 6.2yrs
- Compensation: US$227.50k
Butch Graves (57yo)
Lead Director
- Tenure: 10.8yrs
- Compensation: US$260.00k
Enderson Guimaraes (60yo)
Director
- Tenure: 7yrs
- Compensation: US$215.00k
Gale King (62yo)
Director
- Tenure: 1.4yrs
- Compensation: US$136.07k
Company Information
AutoZone, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: AutoZone, Inc.
- Ticker: AZO
- Exchange: NYSE
- Founded: 1979
- Industry: Automotive Retail
- Sector: Retail
- Market Cap: US$26.565b
- Shares outstanding: 24.04m
- Website: https://www.autozone.com
Number of Employees
Location
- AutoZone, Inc.
- 123 South Front Street
- Memphis
- Tennessee
- 38103
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AZO | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Apr 1991 |
| AZ5 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1991 |
| 0HJL | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Apr 1991 |
| AZO | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Apr 1991 |
| AZO * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Apr 1991 |
| AZOI34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REP 0.05 COM USD0.01 | BR | BRL | May 2019 |
Biography
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 remanufa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 23:32 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/08/31 |
| Annual Earnings | 2019/08/31 |
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.