Bapcor Ltd (BAP) AI Stock Analysis

• Market Cap: AU$512.41M
• Dividend Yield: 6.62%
• Average Volume (3M): 1.16M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: -3.00%
• EPS Growth: N/A
• Country: AU
• Employees: 5,400
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.01
• Shares Outstanding: 588,980,470
• 10 Day Avg. Volume: 1,054,886
• 30 Day Avg. Volume: 1,158,987
• PEG Ratio: -0.52
• Price to Book (P/B): 2.01
• Price to Sales (P/S): 0.87
• P/FCF Ratio: 17.40
• 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: AU$1.81
• Price Target Upside: 3.79% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): 0.05
• Revenue Forecast (FY): AU$1.93B

• Rating: 52 Neutral
• Price Target: AU$0.88 ▼(-49.54% Downside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is held back primarily by very bearish technicals and pressured financial performance (declining revenue/margins and weaker free cash flow). A high dividend yield supports the valuation component, but the negative P/E and earnings weakness temper that benefit.

Positive Factors

Diversified multi-channel model

Diversified multi-channel distribution and service footprint lowers dependence on any one sales channel. Repeat trade and workshop demand plus retail and fleet sales create multiple recurring revenue streams that reduce volatility and support medium-term cash generation.

Scale and purchasing power

Structural procurement scale and wide inventory breadth provide durable margin and service advantages versus smaller rivals. Better buying terms and logistics efficiency support gross margin resilience, inventory availability for trade customers and higher barriers to entry.

Stable gross margin & manageable leverage

A stable gross margin paired with a balance sheet described as moderately stable provides financial flexibility. Manageable leverage reduces refinancing pressure and supports funding for essential capex and network maintenance across the medium term despite top-line headwinds.

Negative Factors

Declining revenue trend

Negative recent revenue growth erodes scale benefits and supplier leverage, compressing unit economics. Continued top-line decline risks lower throughput per store, weaker trade relationships and could force structural cost or network adjustments if volume recovery is slow.

Deteriorating free cash flow

Falling free cash flow growth limits capacity to reinvest in stores, digital channels or acquisitions and increases reliance on external financing for growth or dividends. Reduced FCF also lowers buffer against cyclical shocks and raises medium-term execution risk.

Weakened operating and net margins

Declining EBIT/EBITDA and low net margins signal reduced ability to convert sales into sustainable earnings. Persistent margin pressure undermines retained earnings for reinvestment, heightens sensitivity to cost inflation, and risks impairing shareholder returns over the medium term.

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, Bapcor Retail, and Bapcor NZ. The Bapcor Trade segment offers automotive aftermarket parts and consumables to trade workshops for the service and repair of passenger and commercial vehicles; automotive workshop equipment, such as vehicle hoists and scanning equipment, including the servicing of the equipment; and automotive accessories and maintenance products to do-it-yourself vehicle owners. As of June 30, 2022, it operated 210 stores. The Bapcor Specialist Wholesale segment engages in the automotive aftermarket wholesale of brake, bearing, electrical, suspension, 4WD, cooling, diesel, and engine control systems and parts for light and heavy commercial vehicles. The Bapcor Retail segment operates 404 company owned and franchise stores comprising 136 Autobarn stores, 94 Autopro stores, 108 Midas and ABS stores, and 66 Opposite Lock stores. Bapcor NZ segment is involved in the wholesale of batteries, steering and suspension products, auto electrical and precision equipment, and vehicle workshop equipment; and diesel distribution activities. This segment also supplies automotive parts and accessories to workshops, trucks, and trailer parts through the Truck and Trailer Parts brand. It operates through a network of 76 stores in 88 locations, as well as 130 Battery Town and shock Shop locations. The company was formerly known as Burson Group Limited and changed its name to Bapcor Limited in July 2016. Bapcor Limited was founded in 1971 and is based in Melbourne, Australia.

How the Company Makes Money

Bapcor generates revenue primarily through the sale of automotive parts and accessories across its various business segments. The trade segment, which serves professional mechanics and workshops, represents a significant portion of its revenue, as these customers typically make bulk purchases of high-margin products. The retail segment, which targets individual consumers, contributes through direct sales in physical stores and online platforms. Bapcor also earns revenue from its wholesale operations by supplying parts to other retailers and workshops. Key revenue streams include sales from branded products, private label items, and exclusive partnerships with major automotive manufacturers. Additionally, Bapcor benefits from economies of scale, a strong brand presence, and a growing consumer preference for vehicle maintenance and repair, all of which support its earnings growth.

Bapcor Ltd Financial Statement Overview

Summary

Mixed fundamentals: stable gross margin and manageable leverage, but declining revenue, weakened EBIT/EBITDA margins, low net margin, and deteriorating free cash flow growth raise profitability and reinvestment risk.

Income Statement

Bapcor Ltd's income statement shows a mixed performance. The gross profit margin is stable, indicating consistent cost management. However, the net profit margin is low, reflecting challenges in converting revenue into profit. Revenue growth has been negative recently, suggesting potential market or operational challenges. The EBIT and EBITDA margins have also declined, indicating pressure on operating efficiency.

Balance Sheet

The balance sheet reflects moderate financial stability. The debt-to-equity ratio is reasonable, suggesting manageable leverage levels. However, the return on equity has decreased significantly, indicating reduced profitability for shareholders. The equity ratio is stable, showing a balanced asset structure.

Cash Flow

Cash flow analysis reveals concerns with declining free cash flow growth, which may impact future investments or debt repayments. The operating cash flow to net income ratio is moderate, indicating some efficiency in cash generation. However, the free cash flow to net income ratio has decreased, highlighting potential cash flow constraints.

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

• Technical Analysis Sentiment: Negative
• Last Price: 1.74
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

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 1.28, above the 50-day MA of 1.42, and below the 200-day MA of 2.35, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 14.64 is Positive, neither overbought nor oversold. The STOCH value of 41.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BAP.

Bapcor Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUL	71 Outperform	AU$3.51B	17.88	16.46%	7.20%	4.83%	-7.62%
JBH	68 Neutral	AU$8.98B	18.60	29.12%	2.54%	10.03%	5.38%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
NCK	61 Neutral	AU$1.60B	23.25	21.99%	2.63%	5.79%	-31.70%
TPW	55 Neutral	$991.06M	121.71	8.81%	―	20.66%	543.24%
BLX	55 Neutral	AU$509.14M	17.93	16.86%	2.86%	1.89%	-3.30%
BAP	52 Neutral	AU$512.41M	-3.47	3.40%	6.62%	-3.00%	―

Bapcor Ltd Corporate Events

Bapcor Trading Reinstated on ASX After Capital Raising Update

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 progress in Bapcor’s funding plans and providing clarity for investors and other stakeholders on the status of its capital raising initiative.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.28 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Secures $157m from Institutional Investors in $200m Equity Raising

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 investors take up 94% of entitlements, with existing eligible institutional shareholders largely receiving their full pro rata allocations.

The fully underwritten retail entitlement offer is expected to raise a further $43 million, bringing the total equity raising to roughly $200 million at an offer price of $0.60 per new share. Bapcor shares are set to resume normal trading on an ex-entitlement basis, with new institutional and placement shares due to be allotted and begin trading on 6 March 2026, reinforcing the company’s capital position and broadening participation by retail investors.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.28 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Posts 1H26 Loss, Launches $200m Equity Raising and Confirms Lower Leverage

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, in line with guidance. Net debt rose modestly to $387.3 million, but the group remained within debt covenants, secured lender support and covenant amendments, and announced a $200 million fully underwritten equity raising to strengthen financial flexibility, while also correcting a typographical error to confirm its pro forma post‑raising net leverage ratio at 31 December 2025 is 1.70 times, not 2.13 times, and signalling operational turnaround efforts under its new CEO focused on restoring performance in its network, retail and trade businesses, with no interim dividend declared.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Plans Major Equity Raising via Entitlement Offer and Placement

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 eligible security holders, with trading on an ex-entitlement basis from 27 February 2026 and key retail offer dates running through March.

In parallel, Bapcor proposes to issue up to 83,765,318 additional ordinary shares via a placement, with settlement targeted for 6 March 2026. The combined equity issuance is expected to significantly increase the company’s share base, providing fresh capital that could strengthen its balance sheet and fund strategic initiatives, while diluting existing holdings for investors who do not participate.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Launches Underwritten Equity Raising via Entitlement Offer and Placement

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. The equity raising, conducted under relevant Australian securities law exemptions, is for informational purposes only, may be withdrawn or rescheduled at Bapcor’s discretion, and excludes any public offer or distribution into the United States under U.S. securities regulations.

The company emphasises that the presentation summarising the offer is not a prospectus or formal disclosure document, does not contain all information an investor might require and remains subject to change without notice. Investors are directed to rely on Bapcor’s broader ASX disclosures, while international distribution of the material is restricted, underscoring the regulated and targeted nature of the capital-raising process for existing and qualified investors.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Launches Equity Raising Alongside 1H26 Results

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 institutional and retail investors, is intended to strengthen the company’s capital position, although Bapcor reserves the right to withdraw or alter the offer, underscoring the flexible approach it is taking to current market conditions and funding needs.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor posts heavy first-half loss and launches $200m equity raising to shore up balance sheet

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 conditions and increased competition. Underlying revenue slipped 2.3% to $973 million and underlying NPAT fell sharply to $5.5 million, while leverage rose to 3.39 times EBITDA, prompting the suspension of the interim dividend and highlighting rising balance sheet pressure.

The company announced a fully underwritten $200 million equity raising to improve financial flexibility and resilience, supported by lenders who have agreed to covenant amendments and confirmed ongoing backing. Management, under new CEO Chris Wilesmith, is focusing on lifting performance through network optimisation, process simplification, customer feedback initiatives and rebuilding capability in retail and trade, as early signs of sales momentum emerge in Networks, Retail and New Zealand, suggesting a medium-term turnaround effort for stakeholders.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Swings to Loss, Lifts Debt and Scraps 2026 Interim Dividend

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 net debt to $387.3 million, with leverage rising to 3.39 times EBITDA, while deciding not to declare an interim dividend for 2026 after paying fully franked interim and final dividends in 2025.

The higher leverage and suspended interim dividend highlight growing balance sheet pressure and a more cautious capital management stance, which may concern income-focused shareholders. The results suggest Bapcor faces operational or market headwinds compared with the prior period, potentially impacting its financial flexibility and signalling a more challenging near-term outlook for investors and lenders.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Extends Trading Suspension to Complete Institutional Capital Raising

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 company releases the results of this institutional offer to the market or trading commences on Friday, 27 February 2026, whichever occurs first.

The extension is intended to facilitate an orderly execution of the capital raising linked to the upcoming release of Bapcor’s first-half 2026 financial results. Bapcor said it is not aware of any reason the ASX should deny the extended suspension, signalling that the halt is purely transactional and aimed at supporting the capital management process rather than responding to undisclosed operational issues.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Delays Half-Year Results and Flags Potential Capital Raising

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 current trading suspension to accommodate the half-year results release and a potential capital raising, with details of the results briefing by CEO Chris Wilesmith and CFO Kim Kerr to be provided at the time of the announcement.

The timing shift and the flagged possibility of new capital underscore a period of heightened corporate activity for Bapcor, with implications for its balance sheet and market positioning once trading resumes. Investors and other stakeholders are likely to focus on the reasons for the extended suspension and the scale and purpose of any capital raising, which could influence Bapcor’s financial flexibility and growth plans.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Sets Date for 1H26 Results and Investor Briefing

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 briefing for investors and analysts on the same day, led by Chief Executive Officer and Managing Director Chris Wilesmith and Chief Financial Officer Kim Kerr, signalling an opportunity for the market to gain further insight into Bapcor’s operational momentum and outlook for the remainder of the financial year.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Appoints Chris Wilesmith to Board With No Initial Shareholding

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 relevant interests in Bapcor securities and has no disclosed interests in contracts related to the company, indicating a starting position without equity holdings as he joins the board.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Wins Lender Backing for Temporary Debt Covenant Relief

Bapcor has secured unanimous approval from its lending syndicate to temporarily lift its Net Leverage Ratio covenant to 3.5 times adjusted EBITDA for the testing dates of 31 December 2025 and 30 June 2026, after which the covenant will revert to 3.0 times. The move, endorsed by the company’s lenders as supportive of Bapcor’s ongoing turnaround program, provides the group with additional balance sheet flexibility to execute its operational and financial performance improvement plans, signalling continued confidence from financiers during a critical period of strategic restructuring.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Appoints Chris Wilesmith as CEO to Drive Growth

Bapcor Limited has announced the appointment of Chris Wilesmith as its new CEO and Managing Director, succeeding Angus McKay who will stay on for a transitional period. Wilesmith brings extensive experience in the automotive aftermarket sector, having held senior roles at Jaycar Electronics, Mitre 10 (New Zealand), and Supercheap Auto. His leadership is expected to drive growth and strengthen the company’s market position across its key business segments, emphasizing recovery and performance.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Pinnacle Investment Management Ceases Substantial Holding in Bapcor Ltd

Pinnacle Investment Management Group Limited has ceased to be a substantial holder in Bapcor Ltd as of December 11, 2025. This change in substantial holding may impact Bapcor’s shareholder structure and could influence the company’s market dynamics and investor relations, although no immediate implications for stakeholders were detailed in the announcement.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Antipodes Partners Limited Ceases Substantial Holding in Bapcor Ltd

Bapcor Ltd has announced that Antipodes Partners Limited has ceased to be a substantial holder in the company as of December 9, 2025. This change in substantial holding reflects a shift in the voting securities and interests within Bapcor Ltd, potentially impacting the company’s shareholder dynamics and market positioning.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Ltd Updates FY26 Financial Guidance Amid Trade Segment Challenges

Bapcor Ltd has updated its financial guidance for the first half and full year of FY26, citing weaker-than-expected trading performance in October and November, particularly in the Trade segment. The company anticipates a statutory net loss for 1H26 due to reduced revenue in tools and equipment and strategic pricing investments aimed at regaining market share. Despite these challenges, the Retail segment showed strong performance, driven by Black Friday sales, while Networks and New Zealand segments met expectations. Bapcor is implementing operational improvements and pricing realignments to enhance performance in 2H26, expecting statutory NPAT for FY26 to be between $31-36M, excluding potential impairments in New Zealand.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.

Bapcor Announces Resignation of Non-Executive Director Mark Powell

Bapcor Limited announced the resignation of Mark Powell as a Non-Executive Director, effective December 5, 2025. Powell, who served as Lead Independent Director, played a crucial role during a challenging period for the company. His departure comes as Bapcor transitions its Board and governance structures, with plans to recruit a new Non-Executive Director in the new year. The company is seen as well-positioned for long-term sustainable growth, addressing long-standing issues with transparency.

The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.