Advance Auto Parts Stock Fundamentals
| AAP Stock | USD 44.44 0.60 1.37% |
Advance Auto Parts fundamentals help investors to digest information that contributes to Advance Auto's financial success or failures. It also enables traders to predict the movement of Advance Stock. The fundamental analysis module provides a way to measure Advance Auto's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Advance Auto stock.
At this time, Advance Auto's Interest Expense is relatively stable compared to the past year. As of 11/28/2024, EBITDA is likely to grow to about 729.5 M, while Total Revenue is likely to drop slightly above 7.2 B. Advance | Select Account or Indicator |
Advance Auto Parts Company Current Valuation Analysis
Advance Auto's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Advance Auto Current Valuation | 5.96 B |
Most of Advance Auto's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Advance Auto Parts is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Advance Current Valuation Historical Pattern
Today, most investors in Advance Auto Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Advance Auto's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current valuation growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Advance Auto current valuation as a starting point in their analysis.
Advance Auto Current Valuation |
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Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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In accordance with the recently published financial statements, Advance Auto Parts has a Current Valuation of 5.96 B. This is 67.07% lower than that of the Specialty Retail sector and 86.1% lower than that of the Consumer Discretionary industry. The current valuation for all United States stocks is 64.14% higher than that of the company.
Advance Auto Parts Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Advance Auto's current stock value. Our valuation model uses many indicators to compare Advance Auto value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Advance Auto competition to find correlations between indicators driving Advance Auto's intrinsic value. More Info.Advance Auto Parts is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Advance Auto's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Advance Auto by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Advance Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Advance Auto's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Advance Auto could also be used in its relative valuation, which is a method of valuing Advance Auto by comparing valuation metrics of similar companies.Advance Auto is currently under evaluation in current valuation category among its peers.
Advance Auto 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, Advance Auto's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Advance Auto's managers, analysts, and investors.Environmental | Governance | Social |
Advance Fundamentals
| Return On Equity | -0.0046 | |||
| Return On Asset | 0.0025 | |||
| Profit Margin | (0) % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 5.96 B | |||
| Shares Outstanding | 59.73 M | |||
| Shares Owned By Insiders | 1.09 % | |||
| Shares Owned By Institutions | 98.91 % | |||
| Number Of Shares Shorted | 10.58 M | |||
| Price To Earning | 19.36 X | |||
| Price To Book | 1.01 X | |||
| Price To Sales | 0.23 X | |||
| Revenue | 11.29 B | |||
| Gross Profit | 4.96 B | |||
| EBITDA | 426.36 M | |||
| Net Income | 29.73 M | |||
| Cash And Equivalents | 269.28 M | |||
| Cash Per Share | 3.25 X | |||
| Total Debt | 4 B | |||
| Debt To Equity | 1.50 % | |||
| Current Ratio | 1.13 X | |||
| Book Value Per Share | 42.34 X | |||
| Cash Flow From Operations | 287.38 M | |||
| Short Ratio | 3.77 X | |||
| Earnings Per Share | 0.79 X | |||
| Price To Earnings To Growth | 0.59 X | |||
| Target Price | 44.0 | |||
| Number Of Employees | 40 K | |||
| Beta | 1.19 | |||
| Market Capitalization | 2.62 B | |||
| Total Asset | 12.28 B | |||
| Retained Earnings | 4.56 B | |||
| Working Capital | 1.07 B | |||
| Current Asset | 1.19 B | |||
| Current Liabilities | 722.58 M | |||
| Annual Yield | 0.02 % | |||
| Five Year Return | 0.74 % | |||
| Net Asset | 12.28 B |
About Advance Auto Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Advance Auto Parts's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advance Auto using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advance Auto Parts 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | -445.1 M | -422.8 M | |
| Total Revenue | 11.3 B | 7.2 B | |
| Cost Of Revenue | 6.8 B | 3.9 B | |
| Sales General And Administrative To Revenue | 0.42 | 0.40 | |
| Capex To Revenue | 0.04 | 0.04 | |
| Revenue Per Share | 166.35 | 174.67 | |
| Ebit Per Revenue | 0.06 | 0.06 |
Pair Trading with Advance Auto
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 Advance Auto 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 Advance Auto will appreciate offsetting losses from the drop in the long position's value.Moving against Advance Stock
| 0.6 | CPNG | Coupang LLC | PairCorr |
| 0.43 | UCAR | U Power Limited | PairCorr |
| 0.4 | FNKO | Funko Inc | PairCorr |
| 0.4 | LOW | Lowes Companies | PairCorr |
| 0.36 | HD | Home Depot Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto 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 Advance Auto - 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 Advance Auto Parts to buy it.
The correlation of Advance Auto 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 Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts 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 Advance Auto 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.Additional Tools for Advance Stock Analysis
When running Advance Auto's price analysis, check to measure Advance Auto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.