Bapcor Ltd (BAP) AI Stock Analysis

• Market Cap: €1.67B
• Dividend Yield: 3.26%
• Average Volume (3M): 741.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.01
• Revenue Growth: -0.30%
• EPS Growth: -267.50%
• Country: AU
• Employees: 5,400
• Sector: Industrials
• Sector Strength: 83
• Industry: Specialty Retail
• EPS (TTM): 0.12
• Shares Outstanding: 339,412,500
• 10 Day Avg. Volume: 786,692
• 30 Day Avg. Volume: 741,374
• PEG Ratio: -1.17
• Price to Book (P/B): 1.79
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €5.58
• Price Target Upside: 12.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 47 Neutral
• Price Target: AU$5.00 ▲(1.01%Upside)

Bapcor Ltd's stock score is primarily impacted by its weak financial performance and valuation concerns, highlighted by negative profitability metrics and a declining cash flow. Technical analysis further supports a bearish outlook with negative momentum indicators. The stock's dividend yield is a minor positive factor, but overall, the risks outweigh the benefits.

Bapcor Ltd Business Overview & Revenue Model

Company Description

Bapcor Ltd (BAP) is a leading provider of automotive aftermarket parts, accessories, equipment, and services in the Asia-Pacific region. The company operates through several segments, including Trade, Specialist Wholesale, Retail & Service, and New Zealand. Bapcor supplies a wide range of products and services to automotive workshops, retailers, and end consumers, ensuring it caters to both the business-to-business and business-to-consumer markets.

How the Company Makes Money

Bapcor makes money primarily through the sale of automotive parts and accessories across its various segments. The Trade segment focuses on supplying parts to automotive workshops and repairers, generating revenue through the distribution of necessary components for vehicle maintenance and repair. The Specialist Wholesale segment involves the wholesale distribution of specialized parts and equipment to niche markets within the automotive industry. The Retail & Service segment, which includes well-known brands like Autobarn and Autopro, earns revenue by selling directly to consumers through retail outlets and offering automotive services. In New Zealand, Bapcor operates similar businesses under different brand names, contributing to its overall revenue. Significant partnerships with major automotive manufacturers and suppliers also play a crucial role in ensuring a steady supply chain, enhancing Bapcor's ability to meet market demand efficiently.

Bapcor Ltd Financial Statement Overview

Summary

Bapcor Ltd faces challenges with profitability and cash generation, as reflected in declining margins and a significant net loss. The balance sheet presents a more stable picture with manageable leverage, although the negative ROE is concerning. The company needs to address operational efficiency and improve cash flow to enhance financial stability.

Income Statement

The income statement reflects a decrease in gross profit margin from 19.8% in 2023 to 16.8% in 2024, alongside negative net income, significantly impacting profitability. The revenue growth rate is modest at 0.8% from 2023 to 2024, indicating stagnation. The EBIT margin has dropped to 5.5% from 8.6% in the previous year, and the EBITDA margin is negative, reflecting operational challenges. Overall, the financial health in terms of profitability is concerning.

Balance Sheet

The balance sheet shows a debt-to-equity ratio of 0.78 in 2024, indicating moderate leverage. Return on equity (ROE) is negative due to the net loss, which is a red flag. The equity ratio stands at 46.9%, reflecting a stable equity position relative to assets. Despite the net income challenges, the company maintains a reasonable balance between debt and equity.

Cash Flow

Cash flow analysis reveals a significant decline in free cash flow from 2023 to 2024, dropping by 60.2%, which raises concerns about cash generation capabilities. The operating cash flow to net income ratio is negative, which is problematic. However, free cash flow remains positive, indicating some capacity to manage operational needs despite profitability issues.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	2.03B	2.04B	2.02B	1.84B	1.76B	1.46B
Gross Profit	935.03M	923.60M	400.40M	377.77M	353.93M	278.66M
EBITDA	157.49M	-28.49M	272.06M	285.63M	271.85M	211.19M
Net Income	-164.42M	-158.31M	106.45M	125.76M	118.77M	79.17M
Balance Sheet
Total Assets	1.89B	1.90B	2.21B	2.09B	1.87B	1.75B
Cash, Cash Equivalents and Short-Term Investments	89.48M	71.59M	78.63M	80.21M	39.60M	126.30M
Total Debt	628.90M	694.16M	642.42M	599.71M	430.56M	410.88M
Total Liabilities	971.62M	1.01B	1.08B	996.18M	826.91M	767.87M
Stockholders Equity	918.07M	893.51M	1.12B	1.09B	1.04B	980.25M
Cash Flow
Free Cash Flow	162.92M	68.54M	172.38M	47.42M	80.82M	161.71M
Operating Cash Flow	189.38M	125.80M	213.73M	104.82M	135.86M	200.25M
Investing Cash Flow	-39.47M	-57.62M	-59.01M	-64.50M	-70.59M	-109.82M
Financing Cash Flow	-149.70M	-76.26M	-157.22M	771.00K	-150.84M	-11.95M

Bapcor Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.95
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BAP, the sentiment is Positive. The current price of 4.95 is below the 20-day moving average (MA) of 5.00, below the 50-day MA of 5.04, and above the 200-day MA of 4.82, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 47.05 is Neutral, neither overbought nor oversold. The STOCH value of 64.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BAP.

Bapcor Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUL	77 Outperform	AU$3.18B	14.02	17.52%	4.52%	2.56%	-13.62%
JBH	75 Outperform	AU$11.87B	25.81	29.07%	3.13%	6.21%	0.20%
BLX	75 Outperform	AU$818.59M	27.39	17.54%	2.31%	5.33%	-4.25%
NCK	66 Neutral	AU$1.54B	22.33	29.48%	3.29%	9.36%	-21.69%
TPW	64 Neutral	$2.51B	376.79	5.83%	―	26.11%	-21.35%
Sector *	59 Neutral	AU$1.62B	9.53	11.29%	3.79%	6.45%	5.22%
BAP	47 Neutral	€1.67B	―	-16.06%	3.26%	-0.30%	-267.50%

Bapcor Ltd Corporate Events

Bapcor Limited’s Strategic Presentation at Macquarie Conference

Bapcor Limited announced that its Executive Chair and CEO, Angus McKay, will present at the Macquarie Australia Conference. This presentation is significant as it offers insights into Bapcor’s current strategies and future plans, potentially impacting its market positioning and stakeholder interests.

Bapcor Appoints Kim Kerr as New CFO

Bapcor Limited has appointed Kim Kerr as its new Chief Financial Officer, effective 12 May 2025. Kim brings extensive experience from her previous role as CFO at Orica Ltd and will be instrumental in implementing Bapcor’s recently announced business strategy. Her appointment follows the resignation of former CFO George Saoud, who will assist in the transition.

Bapcor Limited Hosts Strategy Update and Distribution Centre Tour

Bapcor Limited announced a strategy update presentation and tour of its Queensland Distribution Centre, emphasizing its commitment to enhancing operational efficiency and stakeholder engagement. This initiative is part of Bapcor’s efforts to strengthen its market position and improve service delivery in the automotive aftermarket industry.

Bapcor Restructures Leadership to Propel Strategic Growth

Bapcor Limited has announced significant changes to its Group Leadership Team to support its revised business strategy aimed at future growth. The restructuring includes the appointment of Simon Bromell as Executive General Manager Trade and the merging of Specialist Networks and Wholesale businesses into a new ‘Networks’ segment, led by Craig Magill. These changes are intended to enhance Bapcor’s market competitiveness and operational efficiency, setting the stage for the company’s strategic priorities and growth plans.

Bapcor Ltd Sees Increase in Substantial Holder’s Voting Power

Bapcor Ltd has experienced a change in the interests of a substantial holder, Australian Retirement Trust Pty Ltd. The trust’s voting power in Bapcor Ltd has increased from 8.590% to 9.645% as of March 31, 2025. This change in voting power may impact the company’s governance and decision-making processes, potentially influencing its strategic direction and stakeholder interests.