WSE:APR

Stock Analysis Report

Executive Summary

Auto Partner SA sells spare parts for cars and motorcycles in Poland and internationally.

Snowflake

Fundamentals

Proven track record with adequate balance sheet.

Risks

  • Auto Partner is covered by less than 3 analysts.

Share Price & News

How has Auto Partner's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.3%

WSE:APR

-0.4%

PL Specialty Retail

1.2%

PL Market


1 Year Return

8.1%

WSE:APR

-10.0%

PL Specialty Retail

1.1%

PL Market

APR outperformed the Specialty Retail industry which returned -9.2% over the past year.

APR outperformed the Market in Poland which returned 2.6% over the past year.


Share holder returns

APRIndustryMarket
7 Day1.3%-0.4%1.2%
30 Day-0.6%-1.1%4.7%
90 Day5.0%-2.6%-3.8%
1 Year8.6%8.1%-5.4%-10.0%3.9%1.1%
3 Year48.8%48.1%14.7%1.7%22.5%13.5%
5 Yearn/a-17.9%-35.0%6.7%-6.2%

Price Volatility Vs. Market

How volatile is Auto Partner's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Auto Partner undervalued based on future cash flows and its price relative to the stock market?

41%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Auto Partner's share price is below the future cash flow value, and at a moderate discount (> 20%).

Auto Partner's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Auto Partner is overvalued based on earnings compared to the PL Specialty Retail industry average.

Auto Partner is good value based on earnings compared to the Poland market.


Price Based on Expected Growth

Auto Partner is poor value based on expected growth next year.


Price Based on Value of Assets

Auto Partner is overvalued based on assets compared to the PL Specialty Retail industry average.


Next Steps

Future Growth

How is Auto Partner expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Auto Partner's revenue is expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).

Auto Partner's earnings are expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).

Auto Partner's revenue growth is expected to exceed the Poland market average.

Auto Partner's earnings growth is positive but not above the Poland market average.

Auto Partner's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Auto Partner will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Auto Partner performed over the past 5 years?

28.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Auto Partner has delivered over 20% year on year earnings growth in the past 5 years.

Auto Partner's 1-year earnings growth exceeds its 5-year average (65.6% vs 28.9%)

Auto Partner's earnings growth has exceeded the PL Specialty Retail industry average in the past year (65.6% vs 19.5%).


Return on Equity

Auto Partner has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Auto Partner used its assets more efficiently than the PL Specialty Retail industry average last year based on Return on Assets.


Return on Capital Employed

Auto Partner's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Auto Partner's financial position?


Financial Position Analysis

Auto Partner is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Auto Partner's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Auto Partner's level of debt (73.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (136.9% vs 73.6% today).

Debt is not well covered by operating cash flow (11.3%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 12.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.4x debt.


Next Steps

Dividend

What is Auto Partner's current dividend yield, its reliability and sustainability?

0.43%

Current Dividend Yield


Dividend Yield and Payments Analysis

Auto Partner's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.85%).

Auto Partner's dividend is below the markets top 25% of dividend payers in Poland (7.53%).

Auto Partner is not paying a notable dividend for Poland, therefore no need to check if the payments are stable.

Auto Partner is not paying a notable dividend for Poland, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Auto Partner's dividends as it is not paying a notable one for Poland.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Auto Partner's salary, the management and board of directors tenure and is there insider trading?

7.6yrs

Average management tenure


CEO

Aleksander Górecki (54yo)

12.4yrs

Tenure

Mr. Aleksander Górecki has been President of the Management Board at Auto Partner SA since 2007 and served as its Chairman of the Board. 


Management Age and Tenure

7.6yrs

Average Tenure

41yo

Average Age

The average tenure for the Auto Partner management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.7yrs

Average Tenure

54yo

Average Age

The tenure for the Auto Partner board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Aleksander Górecki (54yo)

    President of the Management Board

    • Tenure: 12.4yrs
  • Andrzej Manowski (41yo)

    Vice-President of the Management Board

    • Tenure: 11.7yrs
  • Piotr Janta (34yo)

    Member of the Management Board

    • Tenure: 3.5yrs
  • Michal Bregula

    Member of Management Board

    • Tenure: 1.4yrs

Board Members

  • Zygmunt Graijkowski (57yo)

    Vice-President of the Supervisory Board

    • Tenure: 7.7yrs
  • Jaroslaw Plisz (53yo)

    President of the Supervisory Board

    • Tenure: 12.4yrs
  • Katarzyna Górecka (54yo)

    Member of the Supervisory Board

    • Tenure: 11.4yrs
  • Bogumil Kaminski (39yo)

    Member of the Supervisory Board

    • Tenure: 3.6yrs
  • Bogumil Wozny (54yo)

    Member of the Supervisory Board

    • Tenure: 3.6yrs

Company Information

Auto Partner SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Auto Partner SA
  • Ticker: APR
  • Exchange: WSE
  • Founded: 1993
  • Industry: automotive retail
  • Sector: retail
  • Market Cap: zł607.383m
  • Shares outstanding: 130.62m
  • Website: Click here

Location

  • Auto Partner SA
  • Ul. Ekonomiczna 20
  • Bierun
  • 43-150
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APRWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJun 2016

Biography

Auto Partner SA sells spare parts for cars and motorcycles in Poland and internationally. It imports and distributes suspension and steering systems, braking systems, motorcycle assortment products, worksh ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/19 22:08
End of Day Share Price2019/06/19 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.