Autozone Stock Z Score

AZO Stock

USD 3,099 30.69 1.00%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out AutoZone Piotroski F Score and AutoZone Valuation analysis.

To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.

At this time, AutoZone's Capital Stock is very stable compared to the past year. As of the 23rd of November 2024, Capital Expenditures is likely to grow to about 1.1 B, while Capital Surpluse is likely to drop about 1.2 B. At this time, AutoZone's Operating Income is very stable compared to the past year. As of the 23rd of November 2024, EBIT is likely to grow to about 4 B, though Total Other Income Expense Net is likely to grow to (429 M).

AutoZone Company Z Score Analysis

AutoZone's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

AutoZone Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for AutoZone is extremely important. It helps to project a fair market value of AutoZone Stock properly, considering its historical fundamentals such as Z Score. Since AutoZone's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of AutoZone's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of AutoZone's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		-0.81	0.95	-0.71	0.98	0.98	0.99	0.99	0.83	-0.45	0.4	-0.74	0.93	-0.74	0.92	0.04	0.49	-0.46	0.81	0.89	0.89	-0.95	0.37	0.8	-0.15	0.3	-0.66	-0.88
Total Stockholder Equity	-0.81		-0.94	0.87	-0.87	-0.89	-0.88	-0.76	-0.82	0.26	-0.35	0.57	-0.92	0.86	-0.91	0.27	-0.1	0.86	-0.82	-0.69	-0.77	0.73	-0.36	-0.66	0.36	0.25	0.85	0.88
Net Debt	0.95	-0.94		-0.85	0.96	0.98	0.98	0.92	0.9	-0.39	0.35	-0.65	0.98	-0.82	0.97	-0.17	0.32	-0.65	0.84	0.81	0.88	-0.87	0.38	0.78	-0.22	0.07	-0.76	-0.94
Retained Earnings	-0.71	0.87	-0.85		-0.71	-0.76	-0.77	-0.67	-0.8	0.24	-0.4	0.51	-0.91	0.55	-0.75	0.58	-0.03	0.63	-0.76	-0.57	-0.69	0.54	-0.5	-0.7	0.01	0.18	0.52	0.76
Accounts Payable	0.98	-0.87	0.96	-0.71		0.99	0.99	0.97	0.79	-0.43	0.45	-0.77	0.93	-0.8	0.93	0.03	0.43	-0.59	0.82	0.88	0.88	-0.95	0.41	0.78	-0.28	0.13	-0.75	-0.87
Net Receivables	0.98	-0.89	0.98	-0.76	0.99		0.99	0.96	0.82	-0.46	0.38	-0.7	0.95	-0.8	0.95	-0.03	0.41	-0.58	0.84	0.87	0.92	-0.94	0.4	0.82	-0.25	0.12	-0.76	-0.91
Total Liab	0.99	-0.88	0.98	-0.77	0.99	0.99		0.97	0.86	-0.42	0.4	-0.72	0.96	-0.79	0.95	-0.04	0.41	-0.57	0.83	0.87	0.89	-0.93	0.38	0.79	-0.21	0.18	-0.73	-0.91
Total Current Assets	0.99	-0.76	0.92	-0.67	0.97	0.96	0.97		0.77	-0.45	0.46	-0.79	0.91	-0.66	0.87	0.07	0.53	-0.38	0.79	0.89	0.87	-0.94	0.41	0.81	-0.1	0.33	-0.59	-0.82
Short Term Debt	0.83	-0.82	0.9	-0.8	0.79	0.82	0.86	0.77		-0.36	0.17	-0.43	0.85	-0.72	0.89	-0.3	0.22	-0.54	0.7	0.66	0.72	-0.71	0.26	0.63	-0.1	0.17	-0.64	-0.91
Intangible Assets	-0.45	0.26	-0.39	0.24	-0.43	-0.46	-0.42	-0.45	-0.36		0.11	0.08	-0.38	0.36	-0.46	-0.12	-0.43	0.1	-0.44	-0.59	-0.55	0.62	-0.38	-0.53	0.08	-0.2	0.35	0.45
Good Will	0.4	-0.35	0.35	-0.4	0.45	0.38	0.4	0.46	0.17	0.11		-0.86	0.45	-0.01	0.2	-0.13	-0.17	-0.22	0.35	0.35	0.18	-0.25	0.76	0.28	0.03	-0.05	-0.01	-0.04
Common Stock	-0.74	0.57	-0.65	0.51	-0.77	-0.7	-0.72	-0.79	-0.43	0.08	-0.86		-0.7	0.35	-0.53	-0.05	-0.29	0.32	-0.59	-0.68	-0.52	0.65	-0.58	-0.53	0.08	-0.13	0.31	0.4
Long Term Debt	0.93	-0.92	0.98	-0.91	0.93	0.95	0.96	0.91	0.85	-0.38	0.45	-0.7		-0.71	0.92	-0.29	0.29	-0.62	0.83	0.79	0.87	-0.82	0.49	0.83	-0.15	0.01	-0.67	-0.87
Treasury Stock	-0.74	0.86	-0.82	0.55	-0.8	-0.8	-0.79	-0.66	-0.72	0.36	-0.01	0.35	-0.71		-0.9	-0.04	-0.24	0.82	-0.7	-0.68	-0.73	0.77	-0.05	-0.55	0.54	0.16	0.98	0.87
Property Plant Equipment	0.92	-0.91	0.97	-0.75	0.93	0.95	0.95	0.87	0.89	-0.46	0.2	-0.53	0.92	-0.9		-0.11	0.33	-0.68	0.79	0.81	0.89	-0.89	0.28	0.78	-0.32	0.06	-0.85	-0.96
Current Deferred Revenue	0.04	0.27	-0.17	0.58	0.03	-0.03	-0.04	0.07	-0.3	-0.12	-0.13	-0.05	-0.29	-0.04	-0.11		0.36	0.28	-0.07	0.13	-0.05	-0.24	-0.32	-0.23	-0.11	0.47	-0.02	0.1
Short Term Investments	0.49	-0.1	0.32	-0.03	0.43	0.41	0.41	0.53	0.22	-0.43	-0.17	-0.29	0.29	-0.24	0.33	0.36		0.21	0.33	0.55	0.49	-0.61	-0.23	0.44	0.1	0.49	-0.17	-0.38
Net Tangible Assets	-0.46	0.86	-0.65	0.63	-0.59	-0.58	-0.57	-0.38	-0.54	0.1	-0.22	0.32	-0.62	0.82	-0.68	0.28	0.21		-0.58	-0.41	-0.48	0.44	-0.24	-0.35	0.6	0.62	0.87	0.61
Long Term Debt Total	0.81	-0.82	0.84	-0.76	0.82	0.84	0.83	0.79	0.7	-0.44	0.35	-0.59	0.83	-0.7	0.79	-0.07	0.33	-0.58		0.9	0.78	-0.77	0.38	0.79	0.08	0.03	-0.66	-0.8
Capital Surpluse	0.89	-0.69	0.81	-0.57	0.88	0.87	0.87	0.89	0.66	-0.59	0.35	-0.68	0.79	-0.68	0.81	0.13	0.55	-0.41	0.9		0.83	-0.91	0.39	0.84	0.02	0.26	-0.62	-0.77
Deferred Long Term Liab	0.89	-0.77	0.88	-0.69	0.88	0.92	0.89	0.87	0.72	-0.55	0.18	-0.52	0.87	-0.73	0.89	-0.05	0.49	-0.48	0.78	0.83		-0.9	0.33	0.9	-0.23	0.1	-0.71	-0.86
Accumulated Depreciation	-0.95	0.73	-0.87	0.54	-0.95	-0.94	-0.93	-0.94	-0.71	0.62	-0.25	0.65	-0.82	0.77	-0.89	-0.24	-0.61	0.44	-0.77	-0.91	-0.9		-0.29	-0.76	0.26	-0.27	0.72	0.85
Long Term Investments	0.37	-0.36	0.38	-0.5	0.41	0.4	0.38	0.41	0.26	-0.38	0.76	-0.58	0.49	-0.05	0.28	-0.32	-0.23	-0.24	0.38	0.39	0.33	-0.29		0.46	0.0	-0.11	-0.07	-0.13
Short Long Term Debt	0.8	-0.66	0.78	-0.7	0.78	0.82	0.79	0.81	0.63	-0.53	0.28	-0.53	0.83	-0.55	0.78	-0.23	0.44	-0.35	0.79	0.84	0.9	-0.76	0.46		0.04	0.11	-0.52	-0.72
Net Invested Capital	-0.15	0.36	-0.22	0.01	-0.28	-0.25	-0.21	-0.1	-0.1	0.08	0.03	0.08	-0.15	0.54	-0.32	-0.11	0.1	0.6	0.08	0.02	-0.23	0.26	0.0	0.04		0.52	0.63	0.21
Cash And Equivalents	0.3	0.25	0.07	0.18	0.13	0.12	0.18	0.33	0.17	-0.2	-0.05	-0.13	0.01	0.16	0.06	0.47	0.49	0.62	0.03	0.26	0.1	-0.27	-0.11	0.11	0.52		0.3	-0.12
Net Working Capital	-0.66	0.85	-0.76	0.52	-0.75	-0.76	-0.73	-0.59	-0.64	0.35	-0.01	0.31	-0.67	0.98	-0.85	-0.02	-0.17	0.87	-0.66	-0.62	-0.71	0.72	-0.07	-0.52	0.63	0.3		0.81
Capital Stock	-0.88	0.88	-0.94	0.76	-0.87	-0.91	-0.91	-0.82	-0.91	0.45	-0.04	0.4	-0.87	0.87	-0.96	0.1	-0.38	0.61	-0.8	-0.77	-0.86	0.85	-0.13	-0.72	0.21	-0.12	0.81

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict AutoZone

In accordance with the company's disclosures, AutoZone has a Z Score of 0.0. This is 100.0% lower than that of the Specialty Retail sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

AutoZone ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, AutoZone's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to AutoZone's managers, analysts, and investors.

Environmental

Governance

Social

AutoZone Institutional Holders

Institutional Holdings refers to the ownership stake in AutoZone that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of AutoZone's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing AutoZone's value.

		Shares
Parnassus Investments Llc	2024-09-30	299.5 K
T. Rowe Price Associates, Inc.	2024-06-30	268.4 K
First Manhattan Co. Llc	2024-06-30	258.8 K
Norges Bank	2024-06-30	257 K
Stonepine Asset Management Inc.	2024-09-30	199.8 K
Nordea Investment Mgmt Bank Demark A/s	2024-09-30	182.3 K
Deutsche Bank Ag	2024-06-30	170.6 K
Marshfield Associates	2024-09-30	169.6 K
Northern Trust Corp	2024-09-30	167.8 K
Vanguard Group Inc	2024-09-30	1.8 M
Jpmorgan Chase & Co	2024-06-30	1.3 M

AutoZone Fundamentals

	Return On Asset	0.14
	Profit Margin	0.14 %
	Operating Margin	0.21 %
	Current Valuation	63.62 B
	Shares Outstanding	16.9 M
	Shares Owned By Institutions	96.47 %
	Number Of Shares Shorted	339.98 K
	Price To Earning	21.95 X
	Price To Book	13.38 X
	Price To Sales	2.81 X
	Revenue	18.49 B
	Gross Profit	9.07 B
	EBITDA	4.35 B
	Net Income	2.66 B
	Cash And Equivalents	277.05 M
	Cash Per Share	16.55 X
	Total Debt	12.37 B
	Debt To Equity	(5.81) %
	Current Ratio	0.77 X
	Book Value Per Share	(280.61) X
	Cash Flow From Operations	3 B
	Short Ratio	3.05 X
	Earnings Per Share	149.45 X
	Price To Earnings To Growth	1.64 X
	Target Price	3288.97
	Number Of Employees	75.6 K
	Beta	0.71
	Market Capitalization	51.87 B
	Total Asset	17.18 B
	Retained Earnings	(4.42 B)
	Working Capital	(1.41 B)
	Current Asset	4.24 B
	Current Liabilities	4.69 B
	Net Asset	17.18 B

About AutoZone Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze AutoZone's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AutoZone using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AutoZone based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with AutoZone

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AutoZone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AutoZone will appreciate offsetting losses from the drop in the long position's value.

Moving against AutoZone Stock

0.43

PLCE

Childrens Place

Pair Corr

The ability to find closely correlated positions to AutoZone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoZone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoZone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoZone to buy it.

The correlation of AutoZone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoZone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoZone moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for AutoZone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:

How To Invest In AutoZone

Details

Is AutoZone Stock a good investment?

Details

What is AutoZone's Net Worth?

Details

Largest Consumer Discretionary Distribution & Retail Companies

View

Largest Consumer Discretionary Companies

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Check out AutoZone Piotroski F Score and AutoZone Valuation analysis.

To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Is Automotive Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.117

Earnings Share

149.45

Revenue Per Share

1.1 K

Quarterly Revenue Growth

0.09

Return On Assets

0.1428

The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Autozone Stock Z Score

AutoZone Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

AutoZone Z Score Driver Correlations

AutoZone ESG Sustainability

AutoZone Institutional Holders

AutoZone Fundamentals

About AutoZone Fundamental Analysis

Pair Trading with AutoZone

Moving against AutoZone Stock

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