AutoZone gains today inspite modest market slide
 | By Rifka Kats | Macroaxis Story |
This piece will outline AutoZone. I will inspect the possibilities of making AutoZone into a steady grower in June. Allthough quite inconsistent forward indicators, AutoZone disclosed solid returns over the last few months and may actually be approaching a breakup point. Macroaxis considers AutoZone very steady given 1 month investment horizon. AutoZone secures Sharpe Ratio (or Efficiency) of 0.2398 which signifies that the organization had 0.2398% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for AutoZone which you can use to evaluate future volatility of the firm. Please makes use of AutoZone Downside Deviation of 1.07, Mean Deviation of 0.9574 and Risk Adjusted Performance of 0.1505 to double-check if our risk estimates are consistent with your expectations.
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Reviewed by Ellen Johnson
The company has 5.11B in debt. AutoZone has Current Ratio of 0.92 suggesting that it has not enough short term capital to pay financial commitments when the payables are due. This firm dividends can provide a clue to current valuation of the stock. AutoZone is not expected to issue dividends this year as it trying to preserve or re-invest any of the funds available for distribution to stakeholders. Lets now check AutoZone Probability Of Bankruptcy. Based on latest financial disclosure AutoZone has Probability Of Bankruptcy of 16.0%. This is much higher than that of the Consumer Cyclical sector, and significantly higher than that of Specialty Retail industry, The Probability Of Bankruptcy for all stocks is notably lower than AutoZone.
Typically, a company's financial statements are the reports that show the financial position of the company. There are three main documents that fall into the category of financial statements. These documents include AutoZone income statement, its balance sheet, and the statement of cash flows. Potential AutoZone investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although AutoZone investors may use each financial statement separately, they are all related. The changes in AutoZone's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AutoZone's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
The goal of AutoZone fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of AutoZone performance into the future periods or doing a reasonable stock valuation. The intrinsic value of AutoZone shares is the value that is considered the true value of the share. If the intrinsic value of AutoZone is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares AutoZone. Please read more on our fundamental analysis page. How effective is AutoZone in utilizing its assets?
AutoZone reports assets on its Balance Sheet. It represents the amount of AutoZone resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, AutoZone aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Automotive Retail space. To get a better handle on how balance sheet or income statements item affect AutoZone volatility, please check the breakdown of all its fundamentals.Are AutoZone Earnings Expected to grow?
The future earnings power of AutoZone involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of AutoZone factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. AutoZone stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of AutoZone expected earnings.
AutoZone Gross Profit
AutoZone Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing AutoZone previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show AutoZone Gross Profit growth over the last 10 years. Please check AutoZone's gross profit and other fundamental indicators for more details.
Breaking down AutoZone Indicators
The entity has beta of 0.8. As returns on market increase, AutoZone returns are expected to increase less than the market. However during bear market, the loss on holding AutoZone will be expected to be smaller as well. The latest bullish price patterns experienced by current AutoZone shareholders could raise concerns from investors as the firm closed today at a share price of 1026.01 on 250539.000 in volume. The company executives have been very successful with rebalancing the firm components at opportune times to take advantage of market volatility in April. The stock standard deviation of daily returns for 30 days (very short) investing horizon is currently 1.0824. The below-average Stock volatility is a good sign for a longer term investment options and for buy-and-hold investors. AutoZone is selling for under 1033.38. That is 1.69 percent increase. Day high is 1048.94. AutoZone Net Current Assets as percentage of Total Assets is increasing over the last 5 years. The previous year value of AutoZone Net Current Assets as percentage of Total Assets was 7.32. Moreover, AutoZone Invested Capital is quite stable at the moment. On the whole, we believe that at this point AutoZone is very steady with low probability of financial unrest within the next 2 years. Our up-to-date buy-sell advice on the corporation is Strong Buy.
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