Autozone Stock Intrinsic Value – AUTOZONE Reports Record Q1 Revenue and Net Income for Fiscal Year 2023-2024
December 19, 2023
🌥️Earnings Overview
For the first quarter of fiscal year 2023-2024, AUTOZONE ($NYSE:AZO) had total revenue of USD 4190.3 million and net income of USD 593.5 million, ending November 30, 2023, showing a year-over-year increase of 5.1% and 10.0%, respectively.
Market Price
The company’s stock opened at $2700.0 and closed at $2671.1, up by 0.3% from its previous closing price of $2664.1. The company’s strong performance was attributed to strong same store sales growth, driven by increased demand for automotive parts and an improved customer experience. According to CEO Bill Rhodes, “The strong performance in our first quarter is further evidence that our investments in customer service and convenience have paid off.” AUTOZONE_Reports_Record_Q1_Revenue_and_Net_Income_for_Fiscal_Year_2023-2024″>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Autozone. More…
| Total Revenues | Net Income | Net Margin |
| 17.66k | 2.58k | 14.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Autozone. More…
| Operations | Investing | Financing |
| 2.94k | -876.18 | -2.06k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Autozone. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.29k | 21.51k | -251.06 |
Key Ratios Snapshot
Some of the financial key ratios for Autozone are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 12.4% | 20.4% |
| FCF Margin | ROE | ROA |
| 12.1% | -51.9% | 13.9% |
Analysis – Autozone Stock Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of AUTOZONE‘s fundamentals. Using our proprietary Valuation Line, we have determined that the fair value of AUTOZONE’s share is $2514.7. Notably, the current price of AUTOZONE’s stock stands at $2671.1, making it 6.2% overvalued. Hence, investors should exercise caution while taking a position in the company. We believe the current stock price may be driven by temporary market sentiments and would not sustain in the long run. More…
Peers
AutoZone Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the United States. Founded in 1979, AutoZone has over 6,000 stores across the United States, Mexico, and Brazil. The company is based in Memphis, Tennessee.
AutoZone is the leading retailer of aftermarket automotive parts and accessories in the United States. With over 6,000 stores across the United States, Mexico, and Brazil, AutoZone is the go-to destination for all your automotive needs. From oil changes to new tires, AutoZone has everything you need to keep your car running smoothly.
Advance Auto Parts, Inc. is an American automotive aftermarket parts provider that is headquartered in Raleigh, North Carolina. Advance Auto Parts operates in approximately 3,700 stores and 150 Worldpac branches in the United States, Puerto Rico, and the Virgin Islands.
O’Reilly Automotive, Inc. is an American chain of auto parts stores founded in 1957 by the O’Reilly family. It operates more than 5,000 stores in 47 states.
Five Below, Inc. is an American discount store chain selling products that cost up to $5. Among the merchandise sold are toys, games, fashion accessories, bath and body products, candy, snacks, room décor, school supplies, books, and novelty items.
– O’Reilly Automotive Inc ($NASDAQ:ORLY)
O’Reilly Automotive Inc is a publicly traded company with a market cap of 46.99B as of 2022. The company has a Return on Equity of -312.91%. O’Reilly Automotive Inc is a retailer of automotive aftermarket parts, tools, and supplies in the United States. The company operates through four segments: Retail, Commercial, e-Commerce, and Other.
– Five Below Inc ($NASDAQ:FIVE)
Five Below Inc is a publicly traded company with a market capitalization of 7.79 billion as of 2022. The company has a return on equity of 18.02%. Five Below Inc is a specialty retailer that offers a variety of merchandise for teenagers and pre-teens at prices that are “five dollars and below.” The company was founded in 2002 and is headquartered in Philadelphia, Pennsylvania.
– Advance Auto Parts Inc ($NYSE:AAP)
Advance Auto Parts is a leading retailer of automotive parts and accessories in the United States. The company operates over 5,000 stores across the country and employs over 70,000 people. Advance Auto Parts is a publicly traded company on the New York Stock Exchange and has a market capitalization of over $10 billion as of 2021. The company has a strong history of profitability and has a return on equity of over 16%. Advance Auto Parts is a well-run company with a strong balance sheet and a commitment to customer satisfaction. The company is a great choice for investors looking for a stable and profitable business.
Summary
AUTOZONE reported total revenue of USD 4190.3 million and net income of USD 593.5 million in the first quarter of fiscal year 2023-2024, ending November 30, 2023. This represented a 5.1% increase in total revenue and a 10.0% increase in net income, year over year. For investors, this indicates that AUTOZONE is a strong and healthy company with opportunities for growth. The company’s first quarter performance is likely to be indicative of the full year trend and suggests a positive return on investments.
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