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AutoZone (AutoZone) Cyclically Adjusted Price-to-FCF : 34.58 (As of Apr. 27, 2024)


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What is AutoZone Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), AutoZone's current share price is $2945.98. AutoZone's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was $85.20. AutoZone's Cyclically Adjusted Price-to-FCF for today is 34.58.

The historical rank and industry rank for AutoZone's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

AZO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.26   Med: 29.96   Max: 38.02
Current: 34.58

During the past years, AutoZone's highest Cyclically Adjusted Price-to-FCF was 38.02. The lowest was 18.26. And the median was 29.96.

AZO's Cyclically Adjusted Price-to-FCF is ranked worse than
80.23% of 435 companies
in the Retail - Cyclical industry
Industry Median: 13.15 vs AZO: 34.58

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

AutoZone's adjusted free cash flow per share data for the three months ended in Feb. 2024 was $10.026. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $85.20 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AutoZone Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AutoZone's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AutoZone Cyclically Adjusted Price-to-FCF Chart

AutoZone Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.82 25.97 26.32 29.15 30.76

AutoZone Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.55 30.18 30.76 30.88 35.28

Competitive Comparison of AutoZone's Cyclically Adjusted Price-to-FCF

For the Specialty Retail subindustry, AutoZone's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AutoZone's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, AutoZone's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where AutoZone's Cyclically Adjusted Price-to-FCF falls into.



AutoZone Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

AutoZone's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2945.98/85.2
=34.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AutoZone's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, AutoZone's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=10.026/129.4194*129.4194
=10.026

Current CPI (Feb. 2024) = 129.4194.

AutoZone Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 10.744 100.373 13.853
201408 5.892 100.352 7.599
201411 8.326 99.635 10.815
201502 0.233 99.032 0.304
201505 12.782 100.333 16.488
201508 12.466 100.548 16.045
201511 8.040 100.135 10.391
201602 3.752 100.040 4.854
201605 13.796 101.355 17.616
201608 12.046 101.617 15.342
201611 10.389 101.829 13.204
201702 1.336 102.779 1.682
201705 10.464 103.256 13.115
201708 12.954 103.587 16.184
201711 16.185 104.072 20.127
201802 2.972 105.052 3.661
201805 14.330 106.148 17.472
201808 23.830 106.383 28.990
201811 13.450 106.338 16.369
201902 10.538 106.649 12.788
201905 13.844 108.048 16.582
201908 26.537 108.245 31.728
201911 14.114 108.519 16.832
202002 4.776 109.139 5.663
202005 23.843 108.175 28.525
202008 51.614 109.662 60.913
202011 23.891 109.793 28.162
202102 9.978 110.968 11.637
202105 46.877 113.576 53.416
202108 47.947 115.421 53.762
202111 31.268 117.269 34.508
202202 12.097 119.703 13.079
202205 33.416 123.323 35.068
202208 46.830 124.958 48.502
202211 34.573 125.607 35.622
202302 10.841 126.928 11.054
202305 29.158 128.314 29.409
202308 38.046 129.538 38.011
202311 32.622 129.548 32.590
202402 10.026 129.419 10.026

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


AutoZone  (NYSE:AZO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


AutoZone Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of AutoZone's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


AutoZone (AutoZone) Business Description

Address
123 South Front Street, Memphis, TN, USA, 38103
AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 7,140 stores in the U.S. (6,300), Mexico (740), and Brazil (100) as of the end of fiscal 2023.
Executives
K. Michelle Borninkhof officer: Senior Vice President & CIO 123 FRONT STREET, MEMPHIS TN 38103
Grant E. Mcgee officer: Sr. Vice President 123 FRONT STREET, MEMPHIS TN 38103
Dennis W. Leriche officer: Sr. Vice President 123 FRONT STREET, MEMPHIS TN 38103
Domingo Hurtado officer: Sr. Vice President 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Mrkonic George R Jr director C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Thomas B Newbern officer: Sr. Vice President 123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Charles Iii Pleas officer: Vice President and Controller 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Lindsay Lehman officer: SVP, Marketing 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Preston Frazer officer: Senior Vice President 123 SOUTH FRONT ST, MEMPHIS TN 38103
Albert Saltiel officer: Sr. Vice President 123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Eric S. Gould officer: Sr. Vice President 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Jenna M. Bedsole officer: Sr. Vice President 123 SOUTH FRONT STREET, MEMPHIS TN 38103
William R. Hackney officer: Sr. Vice President 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Rhodes William C Iii officer: Senior Vice President 123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Philip B. Daniele officer: Sr. Vice President 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103

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