BAPCOR LIMITED (BAP)
Share Price Analysis and Chart

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BAP - BAPCOR LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 2.38
Index: ASX200 | ASX300 | ALL-ORDS

Bapcor is Australia's leading provider of aftermarket automotive parts and accessories. Its brands include Autopro, Auto Barn and Burson Auto Parts. Originally founded in 1971, it became a listed company in 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.48

07 May
2024

-0.160

OPEN

$4.50

-3.45%

HIGH

$4.55

3,651,156

LOW

$4.32

TARGET
$4.708 5.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . APE . ARB . ASG . CAR . GUD . IFM . MTO . MXI . PWH . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
BAP: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 28.0 xxx
DPS (cps) xxx N/A 15.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.4 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx N/A 56.1% xxx

Dividend yield today if purchased 3 years ago: 2.99%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.78

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 07/03 - ex-div 9.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx31.4
DPS All xxxxxxxxxxxxxxx22.0
Sales/Revenue xxxxxxxxxxxxxxx2,021.1 M
Book Value Per Share xxxxxxxxxxxxxxx331.2
Net Operating Cash Flow xxxxxxxxxxxxxxx213.7 M
Net Profit Margin xxxxxxxxxxxxxxx5.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.61 %
Return on Invested Capital xxxxxxxxxxxxxxx6.41 %
Return on Assets xxxxxxxxxxxxxxx4.95 %
Return on Equity xxxxxxxxxxxxxxx9.61 %
Return on Total Capital xxxxxxxxxxxxxxx10.01 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx105.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx72 M
Long Term Debt xxxxxxxxxxxxxxx570 M
Total Debt xxxxxxxxxxxxxxx642 M
Goodwill - Gross xxxxxxxxxxxxxxx697 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx79 M
Price To Book Value xxxxxxxxxxxxxxx1.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx41.3 M
Capex % of Sales xxxxxxxxxxxxxxx2.05 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,621 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx227 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx11 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

03/05/2024

3

Neutral

$4.70

4.91%

UBS looks to lower revenue growth and higher costs for the 2H24 as the reason for the material downgrade in earnings guidance from Bapcor between -15% and -19% for FY24.

The withdrawal of the new CEO to take up the apppointment also puts in doubt any near tern restructuring to address the costs and margins issue, particularly in the business-to-business segment, notes the broker.

Post the earnings downgrade the stock is trading circa 16x prospective earnings, which UBS sees as indicative that the market is viewing the 2H24 as a cyclical earnings trough with scope for improvement in FY25.

The analyst is less than convinced, lowering the FY24 EPS forecasts by -16% and -25% for FY25.

A Neutral rating is retained and the target drops to $4.70 from $6.00.

FORECAST
UBS forecasts a full year FY24 dividend of 18.00 cents and EPS of 28.00 cents.
UBS forecasts a full year FY25 dividend of 18.00 cents and EPS of 31.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

BAP STOCK CHART

FNArena News on BAP

1
Rudi’s View: Lessons & Observations From ASX All-Weathers

Apr 10 2024 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 22-03-24

Mar 25 2024 - Weekly Reports
3
Rudi’s View: Investing Is About The Future

Mar 06 2024 - Rudi's View
4
FNArena Corporate Results Monitor – 26-02-2024

Feb 26 2024 - Australia
5
Rudi Interviewed: Ongoing Potential In Technology & Growth

Feb 19 2024 - Rudi's View

Latest Automobiles & Components News

1
Luxury Cars Still Selling For Autosports

Nov 28 2023 - Small Caps
2
Carsales Cruising Here And Overseas

Aug 16 2023 - Australia
3
Focus On GUD Holdings

Jul 11 2023 - Technicals
4
Carsales Set To Break Out

Apr 18 2023 - Technicals
5
PWR Holdings Excited About Aerospace Potential

Feb 21 2023 - Small Caps
6
GUD Holdings’ Result A Confidence Booster

Feb 17 2023 - Small Caps
7
Carsales: Ready For More Growth

Feb 16 2023 - Australia
8
Large Transformation Potential For Bapcor

Nov 25 2022 - Australia
9
Start Your Engines

Aug 01 2022 - Australia
10
New Cars, Falling House Prices Dim GUD Outlook

Jun 21 2022 - Australia