ADVANCE AUTO PARTS INC
$45.47
−0.17 (−0.37%) · delayed · Nov 13, 2026
Five-year price
52w $37.89 to $65.20
- Market cap
- $2.7B
- Enterprise value
- $3.0B
- P/E
- 62.3×
- EV / EBIT
- —
- FCF yield
- −10.9%
- ROIC
- −1.4%
- Debt / equity
- 1.55
- Piotroski F
- 4/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
17
- ○ROIC > 12% (5y avg)5y avg ROIC 0.3%
- ○ROE > 15% (5y avg)5y avg ROE 5.0%
- ○Stable operating marginsMargin volatility 5.4% (σ, 5y)
- ○Earnings convert to cashFCF / net income -66% (5y avg)
- ○Growing revenueRevenue CAGR 5y -3.2%
- ●Shrinking share countDiluted shares -12.2% over 5y
Value
25
- ○P/E below 15P/E 62.3
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield -10.9%
- ○Price below Graham NumberGraham Number $24.45
- ●P/B below 3P/B 1.2
Safety
20
- ○Debt / equity below 0.5D/E 1.55
- ○Debt payable in < 4 yrs of earningsNet debt $0.3B
- ○Interest coverage > 8xCoverage -0.6x
- ●Current ratio > 1.5Current ratio 1.75
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
40
- ●Adequate size (revenue > $2B)Revenue $8.6B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.75
- ○Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ○Earnings growth ≥ 33% (10y, 3y avgs)EPS growth -124%
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
Starting cash flow
Net debt $289M · 60M shares · 5y revenue CAGR −3.2%
Intrinsic value
$6.32
Price
$45.47
Premium paid
620%
What the price implies
The market is paying for 17.1% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
47% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9,568 | 9,374 | 9,581 | 9,709 | 10,106 | 10,998 | 9,149 | 9,209 | 9,094 | 8,601 |
| Gross profit | 4,256 | 4,085 | 4,219 | 4,255 | 4,482 | 4,924 | 4,233 | 3,860 | 3,409 | 3,733 |
| Operating income | 788 | 570 | 604 | 677 | 750 | 822 | 525 | 39 | (713) | (43) |
| Operating margin | 8.2% | 6.1% | 6.3% | 7.0% | 7.4% | 7.5% | 5.7% | 0.4% | -7.8% | -0.5% |
| Pre-tax income | 739 | 520 | 555 | 638 | 651 | 782 | 460 | (47) | (768) | (91) |
| Income tax | 279 | 45 | 131 | 151 | 158 | 186 | 100 | (17) | (181) | (159) |
| Net income | 460 | 476 | 424 | 487 | 493 | 597 | 464 | 30 | (336) | 44 |
| EPS (diluted) | 6.20 | 6.42 | 5.73 | 6.84 | 7.14 | 9.25 | 7.65 | 0.50 | -5.61 | 0.73 |
| Diluted shares | 74 | 74 | 74 | 71 | 69 | 65 | 61 | 60 | 60 | 61 |
Who owns it