AutoZone, Inc. (AZO) generated strong FCF margins for fiscal Q4. As a result, AZO stock could be too cheap - 28% undervalued - based on analysts' forecasts, price targets, and its historical P/E.
AZO is at $2,850.96 on Sept. 24, but it's well off its 3-month peak of $3,218.15 on July 1. Recently, the stock bottomed out on Sept. 21 at $2,803.25, right before its Sept. 22 Q4 earnings release.