BAPCOR LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.48 AUD | -3.45% |
|
-22.49% | -19.13% |
| 07/05 | Jefferies Downgrades Bapcor to Hold from Buy, Price Target is AU$5.30 | MT |
| 02/05 | Bapcor Expects to Book Lower Profit in Fiscal H2 on Retail, Commercial Challenges; Shares Fall 24% | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,582 | 1,927 | 2,885 | 2,064 | 2,016 | 1,521 | - | - |
| Enterprise Value (EV) 1 | 1,915 | 2,212 | 3,276 | 2,518 | 2,508 | 1,996 | 1,990 | 1,981 |
| P/E ratio | 16.2 x | 21.9 x | 24.4 x | 16.5 x | 19 x | 16.9 x | 14 x | 12 x |
| Yield | 3.05% | 2.97% | 2.35% | 3.54% | 3.7% | 3.81% | 4.1% | 4.85% |
| Capitalization / Revenue | 1.22 x | 1.32 x | 1.64 x | 1.12 x | 1 x | 0.74 x | 0.71 x | 0.69 x |
| EV / Revenue | 1.48 x | 1.51 x | 1.86 x | 1.37 x | 1.24 x | 0.97 x | 0.93 x | 0.89 x |
| EV / EBITDA | 11.6 x | 14 x | 11.7 x | 8.64 x | 9.15 x | 7.31 x | 6.71 x | 6.17 x |
| EV / FCF | 52.6 x | 13 x | 35.3 x | 41.1 x | 13.9 x | 20.1 x | 15.4 x | 13.7 x |
| FCF Yield | 1.9% | 7.67% | 2.83% | 2.43% | 7.18% | 4.98% | 6.47% | 7.32% |
| Price to Book | 2.2 x | 2.04 x | 2.77 x | 1.89 x | 1.79 x | 1.33 x | 1.26 x | 1.21 x |
| Nbr of stocks (in thousands) | 2,83,481 | 3,26,650 | 3,39,413 | 3,39,413 | 3,39,413 | 3,39,412 | - | - |
| Reference price 2 | 5.580 | 5.900 | 8.500 | 6.080 | 5.940 | 4.480 | 4.480 | 4.480 |
| Announcement Date | 20/08/19 | 18/08/20 | 17/08/21 | 16/08/22 | 15/08/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,297 | 1,463 | 1,762 | 1,842 | 2,021 | 2,051 | 2,128 | 2,219 |
| EBITDA 1 | 164.6 | 157.8 | 279.5 | 291.5 | 274 | 272.9 | 296.5 | 321 |
| EBIT 1 | 147.5 | 136.3 | 200.8 | 205.8 | 177.3 | 177.1 | 196.1 | 217.8 |
| Operating Margin | 11.38% | 9.32% | 11.4% | 11.17% | 8.77% | 8.63% | 9.21% | 9.81% |
| Earnings before Tax (EBT) 1 | 134.7 | 111.4 | 171.4 | 178.1 | 148.4 | 139 | 162.2 | 181.2 |
| Net income 1 | 97 | 79.17 | 118.8 | 125.8 | 106.4 | 88.73 | 110.2 | 130.1 |
| Net margin | 7.48% | 5.41% | 6.74% | 6.83% | 5.27% | 4.33% | 5.18% | 5.86% |
| EPS 2 | 0.3440 | 0.2697 | 0.3486 | 0.3692 | 0.3123 | 0.2646 | 0.3192 | 0.3742 |
| Free Cash Flow 1 | 36.37 | 169.7 | 92.83 | 61.25 | 180 | 99.34 | 128.8 | 144.9 |
| FCF margin | 2.81% | 11.6% | 5.27% | 3.33% | 8.9% | 4.84% | 6.05% | 6.53% |
| FCF Conversion (EBITDA) | 22.1% | 107.56% | 33.21% | 21.01% | 65.69% | 36.41% | 43.46% | 45.14% |
| FCF Conversion (Net income) | 37.5% | 214.38% | 78.16% | 48.7% | 169.08% | 111.95% | 116.91% | 111.38% |
| Dividend per Share 2 | 0.1700 | 0.1750 | 0.2000 | 0.2150 | 0.2200 | 0.1708 | 0.1837 | 0.2172 |
| Announcement Date | 20/08/19 | 18/08/20 | 17/08/21 | 16/08/22 | 15/08/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 702.5 | 883.6 | 878.1 | 900 | - | - | 1,020 | - |
| EBITDA | 79.4 | 145.6 | 133.8 | 137.2 | 154.3 | 146.3 | 127.7 | - |
| EBIT | 70.25 | 106.8 | 94 | 95.2 | - | 98.33 | 79.01 | - |
| Operating Margin | 10% | 12.09% | 10.71% | 10.58% | - | - | 7.74% | - |
| Earnings before Tax (EBT) 1 | 63.46 | 96 | 75.45 | - | - | - | - | 61.3 |
| Net income 1 | 45.2 | 67.7 | 51.1 | 57.7 | - | - | - | 41.7 |
| Net margin | 6.43% | 7.66% | 5.82% | 6.41% | - | - | - | - |
| EPS 2 | - | 0.1990 | 0.1496 | 0.1701 | 0.1991 | - | - | 0.1230 |
| Dividend per Share | 0.0800 | 0.0900 | 0.1100 | 0.1000 | - | 0.1050 | 0.1150 | - |
| Announcement Date | 11/02/20 | 16/02/21 | 17/08/21 | 08/02/22 | 16/08/22 | 15/02/23 | 15/08/23 | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 333 | 285 | 391 | 454 | 492 | 475 | 469 | 460 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.022 x | 1.803 x | 1.399 x | 1.559 x | 1.795 x | 1.741 x | 1.583 x | 1.433 x |
| Free Cash Flow 1 | 36.4 | 170 | 92.8 | 61.2 | 180 | 99.3 | 129 | 145 |
| ROE (net income / shareholders' equity) | 14.3% | 12.4% | 12.8% | 12.3% | 11.3% | 8.62% | 8.65% | 9.56% |
| ROA (Net income/ Total Assets) | 7.52% | 5.87% | 7.5% | 6.96% | 6.14% | 5.6% | 5.94% | 6.41% |
| Assets 1 | 1,291 | 1,348 | 1,584 | 1,806 | 1,735 | 1,583 | 1,855 | 2,029 |
| Book Value Per Share 2 | 2.540 | 2.890 | 3.070 | 3.210 | 3.310 | 3.380 | 3.550 | 3.710 |
| Cash Flow per Share 2 | 0.2300 | 0.6800 | 0.4000 | 0.3100 | 0.6300 | 0.5100 | 0.5300 | 0.5800 |
| Capex 1 | 29.3 | 30.5 | 43 | 43.6 | 33.8 | 67.1 | 54.8 | 57.2 |
| Capex / Sales | 2.26% | 2.09% | 2.44% | 2.37% | 1.67% | 3.27% | 2.57% | 2.58% |
| Announcement Date | 20/08/19 | 18/08/20 | 17/08/21 | 16/08/22 | 15/08/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
4.48
AUD
Average target price
5.127
AUD
Spread / Average Target
+14.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -19.13% | 1.04B | |
| +11.86% | 21.83B | |
| -7.01% | 11.93B | |
| +10.90% | 3.95B | |
| -.--% | 1.58B | |
| +3.66% | 876M | |
| +33.49% | 663M | |
| +14.79% | 610M | |
| +25.27% | 587M | |
| -13.70% | 233M |
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