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AZO AutoZone

auto · 2026-10-26

N/A
too hard · 86
Owner-earnings value$1,903.37
Price$3,200.76
Margin of safety -40.5%

Quality gate · 86/100

Returns on capital 30/30
Consistency 19.3/22
Margins / pricing power 14.1/16
Balance sheet 7.5/16
Cash conversion 9.2/10
Capital allocation 6/6

⚠ negative book equity

Median ROIC77.3%
Gross margin51.8%
Net debt / EBITDA2.8x
FCF conversion83%
Share count / yr-4.5%
Profitable years4/4

Moat & management

Owner-earnings inputs

Owner earnings (TTM)1.63B
Owner-earnings yield3.2%
Free-cash-flow yield3.2%
Growth used (normalized)5.2%
Market-implied growth (reverse DCF)18.0%
Terminal growth3.0%
Discount rate (hurdle)9.0%

Projected owner earnings

YrOwner earningsGrowthPV
11.72B 5.2%1.58B
21.80B 5.0%1.52B
31.89B 4.7%1.46B
41.97B 4.5%1.40B
52.06B 4.2%1.34B
62.14B 4.0%1.28B
72.22B 3.7%1.21B
82.30B 3.5%1.15B
92.37B 3.2%1.09B
102.44B 3.0%1.03B

⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~18%/yr owner-earnings growth over 10y (reverse DCF); model credits 5%.

History

DateQualityPriceValueMoSRating
2026-10-26 86 $3,200.76 $1,903.37 -40.5% N/A
2026-10-13 86 $2,898.85 $1,903.37 -34.3% N/A
2026-09-30 86 $2,875.97 $1,903.37 -33.8% N/A
2026-09-17 86 $2,849.04 $1,885.61 -33.8% N/A
2026-09-04 86 $2,968.04 $1,885.61 -36.5% N/A
2026-08-24 86 $2,957.95 $1,885.61 -36.3% N/A
2026-08-11 86 $3,067.99 $1,885.61 -38.5% N/A
2026-07-29 86 $3,118.80 $1,885.61 -39.5% N/A
2026-07-16 86 $2,970.57 $1,885.61 -36.5% N/A
2026-07-06 86 $3,159.28 $1,885.61 -40.3% N/A
2026-07-02 86 $3,218.15 $1,885.61 -41.4% N/A
2026-06-29 86 $3,128.70 $1,885.61 -39.7% N/A
2026-06-25 86 $3,087.77 $1,885.61 -38.9% N/A
2026-06-23 86 $3,046.46 $1,885.61 -38.1% N/A