WSE:APR

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: APR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.8%

APR

0.6%

PL Specialty Retail

-0.7%

PL Market


1 Year Return

9.8%

APR

-8.6%

PL Specialty Retail

-16.6%

PL Market

Return vs Industry: APR exceeded the Polish Specialty Retail industry which returned -5.7% over the past year.

Return vs Market: APR exceeded the Polish Market which returned -15.9% over the past year.


Shareholder returns

APRIndustryMarket
7 Day1.8%0.6%-0.7%
30 Day11.1%7.2%1.5%
90 Day32.1%28.3%15.0%
1 Year9.8%9.8%-8.6%-8.6%-15.0%-16.6%
3 Year2.3%1.8%-15.6%-18.0%-19.8%-24.6%
5 Yearn/a-26.8%-30.7%-10.0%-20.2%

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 compared to its fair value and its price relative to the market?

40.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APR (PLN5.6) is trading below our estimate of fair value (PLN9.35)

Significantly Below Fair Value: APR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: APR is poor value based on its PE Ratio (13x) compared to the PL Specialty Retail industry average (10.3x).

PE vs Market: APR is good value based on its PE Ratio (13x) compared to the Polish market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APR is overvalued based on its PB Ratio (1.9x) compared to the PL Specialty Retail industry average (1.2x).


Next Steps

Future Growth

How is Auto Partner forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if APR's forecast earnings growth is above the savings rate (2.9%).

Earnings vs Market: Insufficient data to determine if APR's earnings are forecast to grow faster than the Polish market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APR's revenue (11.7% per year) is forecast to grow faster than the Polish market (4% per year).

High Growth Revenue: APR's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if APR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Auto Partner performed over the past 5 years?

23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APR has high quality earnings.

Growing Profit Margin: APR's current net profit margins (3.7%) are lower than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: APR's earnings have grown significantly by 23.3% per year over the past 5 years.

Accelerating Growth: APR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: APR had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Specialty Retail industry average (-4.6%).


Return on Equity

High ROE: APR's Return on Equity (14.5%) is considered low.


Next Steps

Financial Health

How is Auto Partner's financial position?


Financial Position Analysis

Short Term Liabilities: APR's short term assets (PLN620.3M) exceed its short term liabilities (PLN223.4M).

Long Term Liabilities: APR's short term assets (PLN620.3M) exceed its long term liabilities (PLN156.1M).


Debt to Equity History and Analysis

Debt Level: APR's debt to equity ratio (43.7%) is considered high.

Reducing Debt: APR's debt to equity ratio has reduced from 156.5% to 43.7% over the past 5 years.

Debt Coverage: APR's debt is well covered by operating cash flow (29.4%).

Interest Coverage: APR's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate APR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate APR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if APR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if APR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: APR is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of APR's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.8yrs

Average management tenure


CEO

Aleksander Górecki (56yo)

13.5yrs

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. 


Leadership Team

NamePositionTenureCompensationOwnership
Aleksander Górecki
President of the Management Board 13.5yrsno data22.88% PLN167.3m
Andrzej Manowski
Vice-President of the Management Board 12.75yrsno data0.29% PLN2.1m
Piotr Janta
Vice President of the Management Board0.67yrno data0.22% PLN1.6m

12.8yrs

Average Tenure

43yo

Average Age

Experienced Management: APR's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zygmunt Grajkowski
Vice-President of the Supervisory Board8.75yrsno datano data
Jaroslaw Plisz
President of the Supervisory Board13.5yrsno data0.000020% PLN146.3
Bogumil Kaminski
Member of the Supervisory Board4.67yrsno datano data
Bogumil Wozny
Member of the Supervisory Board4.67yrsno datano data
Mateusz Melich
Member of the Supervisory Board0.42yrno datano data

4.7yrs

Average Tenure

55.5yo

Average Age

Experienced Board: APR's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: zł731.472m
  • Shares outstanding: 130.62m
  • Website: https://autopartner.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APRWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJun 2016
0RI1LSE (London Stock Exchange)YesCommon Bearer SharesGBPLNJun 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, workshop equipment, shock absorbers and springs, drive systems, filters, timing gears, electric systems, oils and chemicals, wipers, power window regulators, exhaust systems, and other accessories. The company also provides motors, seals, and equipment; cooling systems and air-conditioning products; tires and rims; and cords, lines, and bands. Auto Partner SA was founded in 1993 and is based in Bierun, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 20:59
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.