Autozone Earnings before Tax vs Enterprise Value Analysis

AZO -  USA Stock  

USD 2,159  50.27  2.38%

Autozone financial indicator trend analysis is way more than just evaluating Autozone prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Autozone is a good investment. Please check the relationship between Autozone Earnings before Tax and its Enterprise Value accounts. Please continue to Trending Equities.

Earnings before Tax vs Enterprise Value

Earnings before Tax vs Enterprise Value Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autozone Earnings before Tax account and Enterprise Value. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Autozone's Earnings before Tax and Enterprise Value is 0.97. Overlapping area represents the amount of variation of Earnings before Tax that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Autozone, assuming nothing else is changed. The correlation between historical values of Autozone's Earnings before Tax and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Earnings before Tax of Autozone are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Earnings before Tax i.e., Autozone's Earnings before Tax and Enterprise Value go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Earnings before Tax

Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

Enterprise Value

Enterprise Value (or EV) is usually referred to as Autozone theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Autozone debt, but would also pocket its cash. Enterprise Value is more accurate representation of Autozone value than its market capitalization because it takes into account all of Autozone existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.
Most indicators from Autozone fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Autozone current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please continue to Trending Equities.Autozone Selling General and Administrative Expense is quite stable at the moment as compared to the past year. The company's current value of Selling General and Administrative Expense is estimated at 4.26 Billion. Issuance Repayment of Debt Securities is expected to rise to about 154.3 M this year, although the value of Net Cash Flow Business Acquisitions and Disposals will most likely fall to (144 M).
 2012 2018 2021 2022 (projected)
Consolidated Income1.34 B2.17 B1.62 B1.61 B
Direct Expenses5.25 B6.91 B5.5 B4.97 B

Autozone fundamental ratios Correlations

0.950.960.890.950.840.70.830.860.84-0.52-0.130.970.880.890.870.950.830.930.370.92
0.951.00.980.990.950.860.950.690.96-0.7-0.110.930.980.980.970.990.950.980.520.98
0.961.00.970.980.950.860.940.740.95-0.64-0.030.920.970.970.970.980.950.970.560.96
0.890.980.970.980.990.920.990.641.0-0.750.010.891.01.01.00.980.990.980.660.98
0.950.990.980.980.950.840.950.730.96-0.73-0.080.960.980.990.981.00.950.990.540.99
0.840.950.950.990.950.961.00.571.0-0.760.080.830.990.991.00.951.00.950.730.95
0.70.860.860.920.840.960.960.40.95-0.690.230.650.920.910.930.830.960.830.840.83
0.830.950.940.990.951.00.960.551.0-0.780.060.820.990.991.00.951.00.950.720.95
0.860.690.740.640.730.570.40.550.57-0.10.140.820.620.620.620.720.560.670.30.67
0.840.960.951.00.961.00.951.00.57-0.770.050.841.00.991.00.961.00.960.710.96
-0.52-0.7-0.64-0.75-0.73-0.76-0.69-0.78-0.1-0.770.41-0.63-0.77-0.78-0.76-0.74-0.76-0.78-0.33-0.79
-0.13-0.11-0.030.01-0.080.080.230.060.140.050.41-0.240.0-0.050.03-0.110.08-0.180.7-0.16
0.970.930.920.890.960.830.650.820.820.84-0.63-0.240.880.90.870.960.820.950.310.95
0.880.980.971.00.980.990.920.990.621.0-0.770.00.881.01.00.980.990.980.650.98
0.890.980.971.00.990.990.910.990.620.99-0.78-0.050.91.01.00.990.990.990.620.99
0.870.970.971.00.981.00.931.00.621.0-0.760.030.871.01.00.971.00.970.680.97
0.950.990.980.981.00.950.830.950.720.96-0.74-0.110.960.980.990.970.951.00.521.0
0.830.950.950.990.951.00.961.00.561.0-0.760.080.820.990.991.00.950.940.730.95
0.930.980.970.980.990.950.830.950.670.96-0.78-0.180.950.980.990.971.00.940.481.0
0.370.520.560.660.540.730.840.720.30.71-0.330.70.310.650.620.680.520.730.480.5
0.920.980.960.980.990.950.830.950.670.96-0.79-0.160.950.980.990.971.00.951.00.5
Click cells to compare fundamentals

Autozone Account Relationship Matchups

Be your own money manager

Our tools can tell you how much better you can do entering a position in Autozone without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.

Autozone Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 equities. 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 CorrelationCorrelation Matching
Please continue to Trending Equities. Note that the Autozone information on this page should be used as a complementary analysis to other Autozone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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Is Autozone's industry 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 YOY
0.096
Market Capitalization
41.1 B
Quarterly Revenue Growth YOY
0.059
Return On Assets
0.14
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 Autozone value 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.