Auto Partner Valuation

Q: What is the Fair Price of APR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

APR (PLN18.86) is trading above our estimate of [[fair value]] (PLN1.37)

Is APR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of APR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: APR (PLN18.86) is trading above our estimate of fair value (PLN1.37)

Significantly Below Fair Value: APR is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for APR?

Key metric: As APR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for APR. This is calculated by dividing APR's market cap by their current earnings.
What is APR's PE Ratio?
PE Ratio	12.4x
Earnings	zł198.19m
Market Cap	zł2.46b

APR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	10.3x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does APR's PE Ratio compare to its peers?

The above table shows the PE ratio for APR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	13x
OPN Oponeo.pl	8.5x	2.1%	zł788.8m
CCC CCC	24.4x	25.4%	zł13.0b
CAR Inter Cars	11.1x	16.7%	zł7.5b
WTN Wittchen	8x	3.6%	zł366.5m
APR Auto Partner	12.4x	21.3%	zł2.5b

Price-To-Earnings vs Peers: APR is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (13x).

Price to Earnings Ratio vs Industry

How does APR's PE Ratio compare vs other companies in the European Specialty Retail Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: APR is good value based on its Price-To-Earnings Ratio (12.4x) compared to the European Specialty Retail industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is APR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

APR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.4x
Fair PE Ratio	16x

Price-To-Earnings vs Fair Ratio: APR is good value based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (16x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst APR forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	zł18.86	zł24.10 +27.8%	6.2%	zł25.60	zł22.60	n/a	2
Dec ’25	zł20.80	zł24.10 +15.9%	6.2%	zł25.60	zł22.60	n/a	2
Nov ’25	zł21.30	zł27.20 +27.7%	5.9%	zł28.80	zł25.60	n/a	2
Oct ’25	zł22.60	zł27.20 +20.4%	5.9%	zł28.80	zł25.60	n/a	2
Sep ’25	zł25.00	zł29.85 +19.4%	3.5%	zł30.90	zł28.80	n/a	2
Aug ’25	zł22.20	zł29.85 +34.5%	3.5%	zł30.90	zł28.80	n/a	2
Jul ’25	zł24.05	zł29.85 +24.1%	3.5%	zł30.90	zł28.80	n/a	2
Jun ’25	zł23.85	zł29.85 +25.2%	3.5%	zł30.90	zł28.80	n/a	2
May ’25	zł27.05	zł30.70 +13.5%	0.7%	zł30.90	zł30.50	n/a	2
Apr ’25	zł26.80	zł30.70 +14.6%	0.7%	zł30.90	zł30.50	n/a	2
Mar ’25	zł26.60	zł30.70 +15.4%	0.7%	zł30.90	zł30.50	n/a	2
Feb ’25	zł26.00	zł26.75 +2.9%	14.0%	zł30.50	zł23.00	n/a	2
Jan ’25	zł25.95	zł26.75 +3.1%	14.0%	zł30.50	zł23.00	n/a	2
Dec ’24	zł26.00	zł26.75 +2.9%	14.0%	zł30.50	zł23.00	zł20.80	2
Nov ’24	zł23.85	zł25.10 +5.2%	8.4%	zł27.20	zł23.00	zł21.30	2
Oct ’24	zł23.20	zł25.10 +8.2%	8.4%	zł27.20	zł23.00	zł22.60	2
Sep ’24	zł20.00	zł25.10 +25.5%	8.4%	zł27.20	zł23.00	zł25.00	2
Aug ’24	zł22.35	zł25.10 +12.3%	8.4%	zł27.20	zł23.00	zł22.20	2
Jul ’24	zł19.82	zł25.10 +26.6%	8.4%	zł27.20	zł23.00	zł24.05	2
Jun ’24	zł17.06	zł25.10 +47.1%	8.4%	zł27.20	zł23.00	zł23.85	2
May ’24	zł18.54	zł25.40 +37.0%	9.4%	zł27.80	zł23.00	zł27.05	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 05:41
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Auto Partner SA is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Adrian Kowollik	East Value Research GmbH
Pawel Puchalski	Santander Brokerage Poland
Tomasz Sokolowski	Santander Brokerage Poland