AutoZone, Inc.

AutoZone, Inc.

AZOยทNYSE

$3.06K

+1.1%
Consumer CyclicalSpecialty Retail

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. In addition, the company offers maintenance products, such as antifreeze and windshield washer fluids; brake drums, rotors, shoes, and pads; brake and power steering fluids, and oil and fuel additives; oil and transmission fluids; oil, cabin, air, fuel, and transmission filters; oxygen sensors; paints and accessories; refrigerants and accessories; shock absorbers and struts; spark plugs and wires; and windshield wipers. Further, it provides air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, stereos and radios, tools, and wash and wax products, as well as towing services. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic and repair software under the ALLDATA brand through alldata.com and alldatadiy.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. As of November 20, 2021, it operated 6,066 stores in the United States; 666 stores in Mexico; and 53 stores in Brazil. The company was founded in 1979 and is based in Memphis, Tennessee.

At a Glance

Live Snapshot
Market Cap$50.12B
EPS148.8000
P/E Ratio20.58
Earnings Date07/29/2026
AutoZone, Inc.

AutoZone, Inc. Fair Value Envelope

AZO ยท NYSE

Our analysis suggests that AZO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3061.65, this represents a potential HIDDEN relative to our calculated worth for AutoZone, Inc..

Intrinsic Value
Current Price: $3061.65

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$24.0B
+ Cash & Equivalents$271.8M
Firm Value$24.3B
- Debt$12.3B
Equity Value$12.0B
/ Shares Outstanding16,789,001B
DCF Value$715
OVERVALUED BY 77%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$2.9B
$2.7B
$2.5B
$2.3B
$2.1B
$2.0B
$1.8B
$1.7B
$1.6B
$1.5B
Maintenance CapEx
-$246.0M
-$228.0M
-$211.3M
-$195.9M
-$181.5M
-$168.3M
-$155.9M
-$144.5M
-$134.0M
-$124.1M
Owner Earnings
$2.6B
$2.4B
$2.3B
$2.1B
$2.0B
$1.8B
$1.7B
$1.6B
$1.4B
$1.3B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$2.4B
$2.1B
$1.8B
$1.5B
$1.3B
$1.1B
$977.5M
$838.9M
$719.9M
$617.8M
Terminal Value represents 43.7% of Enterprise Value