BAPCOR LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.25 AUD | +0.47% |
|
+1.43% | -23.29% |
| May. 17 | State Street Exits as Substantial Holder of Bapcor | MT |
| May. 07 | Jefferies Downgrades Bapcor to Hold from Buy, Price Target is AU$5.30 | 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 | 1,443 | - | - |
| Enterprise Value (EV) 1 | 1,915 | 2,212 | 3,276 | 2,518 | 2,508 | 1,923 | 1,918 | 1,906 |
| P/E ratio | 16.2 x | 21.9 x | 24.4 x | 16.5 x | 19 x | 16.2 x | 14.2 x | 12 x |
| Yield | 3.05% | 2.97% | 2.35% | 3.54% | 3.7% | 3.94% | 4.12% | 4.89% |
| Capitalization / Revenue | 1.22 x | 1.32 x | 1.64 x | 1.12 x | 1 x | 0.7 x | 0.68 x | 0.65 x |
| EV / Revenue | 1.48 x | 1.51 x | 1.86 x | 1.37 x | 1.24 x | 0.94 x | 0.9 x | 0.86 x |
| EV / EBITDA | 11.6 x | 14 x | 11.7 x | 8.64 x | 9.15 x | 7.09 x | 6.62 x | 6.07 x |
| EV / FCF | 52.6 x | 13 x | 35.3 x | 41.1 x | 13.9 x | 20 x | 15.6 x | 13.6 x |
| FCF Yield | 1.9% | 7.67% | 2.83% | 2.43% | 7.18% | 5.01% | 6.43% | 7.36% |
| Price to Book | 2.2 x | 2.04 x | 2.77 x | 1.89 x | 1.79 x | 1.26 x | 1.21 x | 1.16 x |
| Nbr of stocks (in thousands) | 283,481 | 326,650 | 339,413 | 339,413 | 339,413 | 339,412 | - | - |
| Reference price 2 | 5.580 | 5.900 | 8.500 | 6.080 | 5.940 | 4.250 | 4.250 | 4.250 |
| Announcement Date | 8/20/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/15/23 | - | - | - |
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 | 2,049 | 2,120 | 2,207 |
| EBITDA 1 | 164.6 | 157.8 | 279.5 | 291.5 | 274 | 271.2 | 289.6 | 314 |
| EBIT 1 | 147.5 | 136.3 | 200.8 | 205.8 | 177.3 | 175.4 | 188.6 | 209.9 |
| Operating Margin | 11.38% | 9.32% | 11.4% | 11.17% | 8.77% | 8.56% | 8.9% | 9.51% |
| Earnings before Tax (EBT) 1 | 134.7 | 111.4 | 171.4 | 178.1 | 148.4 | 131 | 153.8 | 175.3 |
| Net income 1 | 97 | 79.17 | 118.8 | 125.8 | 106.4 | 86.35 | 106.8 | 128 |
| Net margin | 7.48% | 5.41% | 6.74% | 6.83% | 5.27% | 4.21% | 5.04% | 5.8% |
| EPS 2 | 0.3440 | 0.2697 | 0.3486 | 0.3692 | 0.3123 | 0.2620 | 0.3001 | 0.3543 |
| Free Cash Flow 1 | 36.37 | 169.7 | 92.83 | 61.25 | 180 | 96.29 | 123.2 | 140.3 |
| FCF margin | 2.81% | 11.6% | 5.27% | 3.33% | 8.9% | 4.7% | 5.81% | 6.36% |
| FCF Conversion (EBITDA) | 22.1% | 107.56% | 33.21% | 21.01% | 65.69% | 35.5% | 42.56% | 44.69% |
| FCF Conversion (Net income) | 37.5% | 214.38% | 78.16% | 48.7% | 169.08% | 111.51% | 115.33% | 109.64% |
| Dividend per Share 2 | 0.1700 | 0.1750 | 0.2000 | 0.2150 | 0.2200 | 0.1674 | 0.1750 | 0.2079 |
| Announcement Date | 8/20/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/15/23 | - | - | - |
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 1 | 702.5 | 883.6 | 878.1 | 900 | - | - | 1,020 | 1,033 |
| EBITDA 1 | 79.4 | 145.6 | 133.8 | 137.2 | 154.3 | 146.3 | 127.7 | 130.3 |
| EBIT 1 | 70.25 | 106.8 | 94 | 95.2 | - | 98.33 | 79.01 | 81.3 |
| Operating Margin | 10% | 12.09% | 10.71% | 10.58% | - | - | 7.74% | 7.87% |
| Earnings before Tax (EBT) | 63.46 | 96 | 75.45 | - | - | - | - | - |
| Net income | 45.2 | 67.7 | 51.1 | 57.7 | - | - | - | - |
| Net margin | 6.43% | 7.66% | 5.82% | 6.41% | - | - | - | - |
| EPS | - | 0.1990 | 0.1496 | 0.1701 | 0.1991 | - | - | - |
| Dividend per Share 2 | 0.0800 | 0.0900 | 0.1100 | 0.1000 | - | 0.1050 | 0.1150 | 0.0700 |
| Announcement Date | 2/11/20 | 2/16/21 | 8/17/21 | 2/8/22 | 8/16/22 | 2/15/23 | 8/15/23 | - |
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 | 480 | 475 | 464 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.022 x | 1.803 x | 1.399 x | 1.559 x | 1.795 x | 1.77 x | 1.641 x | 1.477 x |
| Free Cash Flow 1 | 36.4 | 170 | 92.8 | 61.2 | 180 | 96.3 | 123 | 140 |
| ROE (net income / shareholders' equity) | 14.3% | 12.4% | 12.8% | 12.3% | 11.3% | 8.57% | 8.14% | 8.88% |
| ROA (Net income/ Total Assets) | 7.52% | 5.87% | 7.5% | 6.96% | 6.14% | 5.75% | 5.9% | 6.36% |
| Assets 1 | 1,291 | 1,348 | 1,584 | 1,806 | 1,735 | 1,502 | 1,810 | 2,011 |
| Book Value Per Share 2 | 2.540 | 2.890 | 3.070 | 3.210 | 3.310 | 3.360 | 3.520 | 3.660 |
| Cash Flow per Share 2 | 0.2300 | 0.6800 | 0.4000 | 0.3100 | 0.6300 | 0.5000 | 0.5100 | 0.5600 |
| Capex 1 | 29.3 | 30.5 | 43 | 43.6 | 33.8 | 66 | 52.1 | 54.1 |
| Capex / Sales | 2.26% | 2.09% | 2.44% | 2.37% | 1.67% | 3.22% | 2.46% | 2.45% |
| Announcement Date | 8/20/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/15/23 | - | - | - |
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
4.25
AUD
Average target price
4.995
AUD
Spread / Average Target
+17.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -23.29% | 958M | |
| +4.07% | 20.08B | |
| -9.96% | 11.48B | |
| -9.44% | 1.97B | |
| -.--% | 1.58B | |
| -8.09% | 791M | |
| +40.90% | 651M | |
| +18.07% | 613M | |
| +19.33% | 582M | |
| -4.44% | 254M |
- Stock Market
- Equities
- BAP Stock
- Financials Bapcor Limited
