NYSE · AZO
AutoZone, Inc.
Consumer Cyclical · Specialty Retail
$2,819.03▼ 0.39% ($10.99)at close
After hours$2,817.00▼ 0.07%7:57 PM ET
Market cap
Valuation
Cash-flow DCF
Verdict: fairly priced. Price between Bear and Base.
The price needs 2.7% free cash flow growth a year for 5 years. Our scenarios assume −5.7–24.3%.
That's below its past 10-year pace of 9.3%.
Value per share
Base case
$3,939.07
Price used $2,819.03 is 28% below this
USD · TTM ending Aug 29, 2026 · Price Oct 1, 8:00 PM UTC
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
3 more notes
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Market beta (0.34) is below the minimum default of 0.5 — short lookback windows can understate systematic risk. Beta floored at 0.5 for default assumptions; adjust manually if needed.
Reported total debt includes capitalised leases (~30% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
Free cash flow each value needs
Free cash flow today $2.2B. The price needs $3.3B by 2036. Base case: $4.5B. At its recent pace: $5.5B. Bear to Bull: $2B to $12.5B.
Free cash flow today $2.2B. The price needs $3.3B by 2036. Base case: $4.5B. At its recent pace: $5.5B. Bear to Bull: $2B to $12.5B.
Free cash flow in 2036
today $2.2B
−$1.2Bless than the Base case
Value per share · Base case
$3,939.07
Price $2,819.03
28% below this
- Stage 1 growth, yrs 1–5
- 9.3%
- Stage 2 growth, yrs 6–10
- 5.1%
- Discount rate
- 7.4%
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
3 more notes
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Market beta (0.34) is below the minimum default of 0.5 — short lookback windows can understate systematic risk. Beta floored at 0.5 for default assumptions; adjust manually if needed.
Reported total debt includes capitalised leases (~30% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
USD · TTM ending Aug 29, 2026 · Price Oct 1, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 33.64% over the last year. Revenue grew 7.39% over the trailing twelve months. Operating margin moved from 19.06% to 18.31%. Free cash flow declined 37.32% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 18.31%. Free cash flow fell 37.32% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Return analysis
Company profile
AutoZone, Inc. operates as a leading retailer and distributor specializing in automotive replacement parts and accessories.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
33
Buy
12
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Dec 8, 2026
Q1 FY27 · EPS est $35.48 · Revenue est $4.95B
View
Institutional Sentiment
AutoZone, Inc. · AZO
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.