Bapcor Ltd (AU:BAP)
ASX:BAP
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Bapcor Ltd
(Sydney:BAP)
Select Model
Select Model
Rating:51Neutral
Price Target:
AU$0.59
â–Ľ(-65.92% Downside)
Action:ReiteratedDate:03/10/26
Overall score reflects pressured financial performance (declining revenue, margins, and free cash flow) and very weak technicals (below major moving averages with negative momentum), partially offset by a high dividend yield despite a negative P/E.
Positive Factors
Multi-channel distribution & services
Bapcor's diversified model (trade, retail, wholesale/distribution and workshop services) creates multiple durable revenue streams. Service workshops drive repeat parts pull‑through while distribution and retail broaden customer access, reducing reliance on any single channel over several quarters.
Negative Factors
Declining revenue
Recent negative revenue growth suggests weaker demand or market share pressure, reducing operating leverage. Persistent top‑line decline constrains the ability to cover fixed costs, invest in network improvements, and sustain long‑term earnings growth without structural changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-channel distribution & services
Bapcor's diversified model (trade, retail, wholesale/distribution and workshop services) creates multiple durable revenue streams. Service workshops drive repeat parts pull‑through while distribution and retail broaden customer access, reducing reliance on any single channel over several quarters.
Read all positive factors
Bapcor Ltd (BAP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$384.19M
Dividend Yield6.62%
Average Volume (3M)1.16M
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue Growth-3.00%
EPS GrowthN/A
CountryAU
Employees5,400
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.01
Shares Outstanding600,304,600
10 Day Avg. Volume1,054,886
30 Day Avg. Volume1,158,987
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)2.01
Price to Sales (P/S)0.87
P/FCF Ratio17.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.64Price Target Upside-63.03% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering4
EPS Forecast (FY)0.04
Revenue Forecast (FY)AU$1.93B
Bapcor Ltd Business Overview & Revenue Model
Company Description
Bapcor Limited sells and distributes vehicle parts, accessories, automotive equipment, and services and solutions in Australia, New Zealand, and Thailand. The company operates through four segments: Bapcor Trade, Bapcor Specialist Wholesale, Bapco...
How the Company Makes Money
Bapcor makes money primarily by selling automotive aftermarket products and related services through a multi-channel model spanning trade, wholesale/distribution, retail, and vehicle servicing.
1) Product sales (core revenue driver)
- Trade and w...
Bapcor Ltd Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.94B | 1.98B | 2.04B | 2.02B | 1.84B | 1.76B |
| Gross Profit | 562.26M | 895.23M | 923.60M | 400.40M | 377.77M | 353.93M |
| EBITDA | 91.67M | 116.68M | -28.49M | 272.06M | 285.63M | 271.85M |
| Net Income | -117.49M | 28.14M | -158.31M | 106.45M | 125.76M | 118.77M |
Balance Sheet | ||||||
| Total Assets | 1.68B | 1.83B | 1.90B | 2.21B | 2.09B | 1.87B |
| Cash, Cash Equivalents and Short-Term Investments | 39.29M | 58.58M | 71.59M | 78.63M | 80.21M | 39.60M |
| Total Debt | 806.04M | 642.21M | 694.16M | 642.42M | 599.71M | 489.91M |
| Total Liabilities | 976.27M | 971.27M | 1.01B | 1.08B | 996.18M | 826.91M |
| Stockholders Equity | 705.07M | 854.08M | 893.51M | 1.12B | 1.09B | 1.04B |
Cash Flow | ||||||
| Free Cash Flow | 45.68M | 98.47M | 68.54M | 172.38M | 47.42M | 80.82M |
| Operating Cash Flow | 68.89M | 133.63M | 125.80M | 213.73M | 104.82M | 135.86M |
| Investing Cash Flow | -46.02M | -50.68M | -57.62M | -59.01M | -64.50M | -70.59M |
| Financing Cash Flow | -72.08M | -96.28M | -76.26M | -157.22M | 771.00K | -150.84M |
Bapcor Ltd Technical Analysis
Negative
1.74
Price Trends
1.15
Negative
1.36
Negative
2.10
Negative
Market Momentum
-0.16
Negative
23.15
Positive
9.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BAP, the sentiment is Negative. The current price of 1.74 is above the 20-day moving average (MA) of 0.74, above the 50-day MA of 1.15, and below the 200-day MA of 2.10, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 23.15 is Positive, neither overbought nor oversold. The STOCH value of 9.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BAP.
Bapcor Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$2.95B | 8.69 | 16.46% | 7.20% | 4.83% | -7.62% | |
68 Neutral | AU$8.26B | 8.60 | 29.31% | 2.54% | 10.03% | 5.38% | |
63 Neutral | AU$378.41M | 9.38 | 16.86% | 2.86% | 1.89% | -3.30% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$1.37B | 12.30 | 25.20% | 2.63% | 5.79% | -31.70% | |
55 Neutral | AU$809.45M | 71.03 | 5.66% | ― | 20.66% | 543.24% | |
51 Neutral | AU$384.19M | -1.68 | -15.07% | 6.62% | -3.00% | ― |
* Consumer Cyclical Sector Average
AU:BAP
Bapcor Ltd
0.64
-2.82
-81.49%
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6.73
-9.86
-59.43%
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Nick Scali Limited
16.01
0.20
1.27%
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JB Hi-Fi Limited
75.59
-15.69
-17.19%
AU:SUL
Super Retail Group Limited
13.06
0.57
4.59%
AU:BLX
Beacon Lighting Group Ltd
1.65
-1.56
-48.53%
Bapcor Ltd Corporate Events
Bapcor Director Christopher Wilesmith Acquires 500,000 Shares On‑Market
Mar 15, 2026
Bapcor Limited has disclosed a change in director Christopher David Wilesmith’s interests, with the executive purchasing 500,000 fully paid ordinary shares on‑market. The shares were acquired on 9 March 2026 at prices between $0.7437 a...
JPMorgan Group Drops Below Substantial Holder Threshold in Bapcor
Mar 10, 2026
JPMorgan Chase Co. and its affiliates have notified Bapcor Ltd that they have ceased to be a substantial holder in the company as of 6 March 2026. The change reflects a series of transactions, including securities lending, proprietary trading and...
Citi Group Entities Fall Below Substantial Holder Threshold in Bapcor
Mar 10, 2026
Citigroup Global Markets Australia and related Citi group entities have notified Bapcor that they have ceased to be substantial shareholders in the company as of 6 March 2026. The change reflects shifts in relevant interests in Bapcor’s ordi...
AustralianSuper Ceases to Be Substantial Holder in Bapcor After Capital Raising
Mar 10, 2026
AustralianSuper Pty Ltd has ceased to be a substantial shareholder in Bapcor Limited, according to a notice lodged under section 671B of the Corporations Act. The change follows a series of transactions conducted through JPMorgan Nominees Australi...
Bapcor Raises Institutional Capital Through Share Placement
Mar 5, 2026
Bapcor Limited has issued 83,765,318 fully paid ordinary shares at an issue price of $0.60 per share to certain institutional investors under a placement first announced in late February 2026. The new shares were issued without a prospectus under ...
Citigroup Group Ceases to Be Substantial Holder in Bapcor
Mar 5, 2026
Citigroup Global Markets Australia and related Citi entities have notified Bapcor that they have ceased to be a substantial shareholder in the company as of 3 March 2026. The change follows a series of transactions, primarily involving securities ...
Bapcor Seeks ASX Quotation for 260.9 Million New Ordinary Shares
Mar 4, 2026
Bapcor Limited has applied to the ASX for quotation of 260,892,153 ordinary fully paid shares, to be issued on March 6, 2026, under the ticker BAP. The application, lodged as a new announcement on March 5, 2026, formalises the listing of these sec...
Bapcor Opens Retail Component of Underwritten Entitlement Offer
Mar 4, 2026
Bapcor Limited has opened the retail component of its fully underwritten 1 for 1.36 pro rata accelerated non-renounceable entitlement offer, giving eligible retail shareholders in Australia and New Zealand the opportunity to subscribe for new shar...
Bapcor Director Lachlan Edwards Increases Indirect Shareholding
Mar 3, 2026
Bapcor has disclosed a change in director Lachlan Edwards’ interests, with his indirect holding in the company increasing through the Edwards Family Super Fund. The fund, for which Edwards is a practical controller and beneficiary, purchased...
Bapcor Trading Reinstated on ASX After Capital Raising Update
Feb 27, 2026
Trading in Bapcor Limited securities on the ASX has been reinstated following the company’s release of results for the institutional component of its capital raising. The lifting of the suspension allows normal trading to resume, signalling ...
Bapcor Secures $157m from Institutional Investors in $200m Equity Raising
Feb 27, 2026
Bapcor has completed the institutional component of its equity raising, securing about $157 million through a fully underwritten accelerated entitlement offer and a pro rata institutional placement of new shares. Strong support saw institutional i...
Bapcor Posts 1H26 Loss, Launches $200m Equity Raising and Confirms Lower Leverage
Feb 26, 2026
Bapcor has reported a challenging first half to FY26, posting a statutory loss of $104.8 million driven by $110.3 million in significant post‑tax items, with underlying revenue down 2.3% to $973 million and underlying NPAT of $5.5 million, i...
Bapcor Plans Major Equity Raising via Entitlement Offer and Placement
Feb 26, 2026
Bapcor Limited has outlined plans for a substantial capital raising via an accelerated non-renounceable entitlement offer and a separate placement of new ordinary shares. The accelerated offer will see up to 249,568,015 new shares issued to eligib...
Bapcor Launches Underwritten Equity Raising via Entitlement Offer and Placement
Feb 26, 2026
Bapcor has launched a fully underwritten equity raising comprising an accelerated non-renounceable entitlement offer to eligible institutional and retail shareholders, alongside a placement of new shares to new and existing institutional investors...
Bapcor Launches Equity Raising Alongside 1H26 Results
Feb 26, 2026
Bapcor has released a results presentation for the first half of FY26 alongside details of a fully underwritten accelerated non-renounceable entitlement offer and an institutional placement of new shares. The equity raising, targeting both institu...
Bapcor posts heavy first-half loss and launches $200m equity raising to shore up balance sheet
Feb 26, 2026
Bapcor reported a statutory loss of $104.8 million for the half year to 31 December 2025, driven largely by $110.3 million in post-tax significant items including major non-cash impairments in its New Zealand operations amid deteriorating macro co...
Bapcor Swings to Loss, Lifts Debt and Scraps 2026 Interim Dividend
Feb 26, 2026
Bapcor Limited reported a sharp deterioration in performance for the half-year ended 31 December 2025, moving from a $38.7 million profit a year earlier to a $104.8 million loss after tax and non-controlling interests. The company also increased n...
Bapcor Extends Trading Suspension to Complete Institutional Capital Raising
Feb 25, 2026
Bapcor Limited has secured an extension to the voluntary suspension of trading in its shares on the ASX while it undertakes the institutional component of a capital raising. Trading in Bapcor’s stock will remain halted until either the compa...
Bapcor Delays Half-Year Results and Flags Potential Capital Raising
Feb 24, 2026
Bapcor Limited has delayed the release of its financial results for the half year ended 31 December 2025, moving the announcement from 25 February to no later than 27 February 2026. The company indicated it expects to seek an extension to its curr...
Bapcor Sets Date for 1H26 Results and Investor Briefing
Jan 30, 2026
Bapcor Limited has scheduled the release of its financial results for the half year ended 31 December 2025 on 25 February 2026, when it will provide the market with an update on its recent trading performance. The company will host a webcast brief...
Bapcor Appoints Chris Wilesmith to Board With No Initial Shareholding
Jan 15, 2026
Bapcor Limited has announced the appointment of Chris David Wilesmith as a director of the company, effective 14 January 2026. According to the initial director’s interest notice lodged with the ASX, Wilesmith does not currently hold any rel...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.