Autozone Inc

Consumer Discretionary
Auto & Home Supply Stores
www.autozone.com

Earnings Score
Safety Score

Market Cap $56.98B
Debt $9.07B
Cash $304.02M
EV $65.74B
FCF $1.90B

Earnings

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Sales & Net Margins

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Earnings	$2.63B
EBIT	$3.78B
ROA	22%
FCF	$1.90B
Equity	-$4.67B
Growth Stability	100%
PE	21.63
PEG	1.91
PB	-12.19
P/FCF	29.97
P/S	3.07
Price/Cash	0.01
Debt/Equity	-1.94
Debt/FCF	4.77
Net Margins	13%
Gross Margins	53%
Op. Margins	20%
Earnings CAGR	12%
Sales Growth YoY	2%
Sales Growth QoQ	-31%
Sales CAGR	8%
FCF CAGR	11%
Earnings Stability	0.95
Earnings Growth YoY	-5%

Earnings Growth QoQ	-37%
Earnings CAGR 5Y	11%
Sales CAGR 5Y	10%
FCF CAGR 5Y	-2%
Earnings CAGR 3Y	7%
Sales CAGR 3Y	7%
FCF CAGR 3Y	-15%
Market Cap	$56.98B
Revenue	$18.58B
Assets	$17.47B
Total Debt	$9.07B
Cash	$304.02M
Shares Outstanding	16.91M
EV	65.74B
Earnings Score	94%
Safety Score	59%
Working Capital	-1.47B
Current Ratio	0.83
Gross Profit	$9.87B
Shares Growth 3y	-7%
Equity Growth QoQ	-2%
Equity Growth YoY	-10%

Assets & ROA

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Stockholders Equity & ROE

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AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for nearly 75% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 6,767 stores in the U.S. (6,051), Mexico (664), and Brazil (52) as of the end of fiscal 2021.

SEC Filings

Direct access to Autozone Inc (AZO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Nov 23
- 10-K Aug 31
- 10-Q May 04
- 10-Q Feb 10
2023
- 10-Q Nov 18
- 10-K Aug 26
- 10-Q May 06
- 10-Q Feb 11
2022
- 10-Q Nov 19
- 10-K Aug 27
- 10-Q May 07
- 10-Q Feb 12

Sector Comparison

How does Autozone Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Autozone Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%

Stability 95%

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Autozone Inc Discounted Cash Flow

Fully customizable DCF calculator online for Autozone Inc.

Years

Calculation mode

= $40B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.9B	$2.1B	$2.3B	$2.6B	$2.9B	$3.2B	$3.5B	$3.9B	$4.3B	$4.8B	$5.3B	$53B
DCF		$1.9B	$1.9B	$1.9B	$2B	$2B	$2B	$2B	$2B	$2B	$2B	$20B
Value	$40B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	08/2015	08/2016	08/2017	08/2018	08/2019	08/2020	08/2021	08/2022	08/2023	08/2024	TTM
Net Margins	11%	12%	12%	12%	14%	14%	15%	15%	14%	14%	13%
ROA	-	24%	22%	19%	22%	17%	20%	21%	22%	22%	22%
ROE	-	-69%	-90%	-88%	-94%	-197%	-121%	-69%	-58%	-56%	-

Good Net Margins (13.2%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	08/2015	08/2016	08/2017	08/2018	08/2019	08/2020	08/2021	08/2022	08/2023	08/2024	TTM
Debt over FCF	-	4.29	5.02	3.22	3.2	2.45	1.83	2.42	3.6	4.7	4.77
Debt over Equity	-2.73	-2.77	-3.57	-3.31	-3.05	-6.32	-2.95	-1.74	-1.77	-1.91	-1.94
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Bad Debt/FCF ratio (4.77)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (-1.94)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	08/2015	08/2016	08/2017	08/2018	08/2019	08/2020	08/2021	08/2022	08/2023	08/2024	CAGR 5Y
Revenue YoY growth	-	4%	2%	3%	6%	6%	16%	11%	7%	6%	10%
Earnings YoY growth	-	7%	3%	4%	21%	7%	25%	12%	4%	5%	11%
Equity YoY growth	-	5%	-20%	6%	13%	-49%	105%	97%	23%	9%	-
FCF YoY growth	-	10%	-12%	53%	5%	39%	28%	-12%	-16%	-10%	-2%