Buy Or Sell Opportunity • May 12
Now 23% undervalued Over the last 90 days, the stock has risen 24% to zł21.65. The fair value is estimated to be zł27.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 10.0% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Declared Dividend • May 04
Dividend of zł0.15 announced Dividend of zł0.15 is the same as last year. Ex-date: 10th June 2026 Payment date: 25th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 17%. Duyuru • May 02
Auto Partner SA, Annual General Meeting, May 28, 2026 Auto Partner SA, Annual General Meeting, May 28, 2026, at 10:00 Central European Standard Time. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: zł1.52 (vs zł1.59 in FY 2024) Full year 2025 results: EPS: zł1.52 (down from zł1.59 in FY 2024). Revenue: zł4.42b (up 7.6% from FY 2024). Net income: zł198.9m (down 4.3% from FY 2024). Profit margin: 4.5% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 24
Third quarter 2025 earnings released: EPS: zł0.38 (vs zł0.38 in 3Q 2024) Third quarter 2025 results: EPS: zł0.38 (in line with 3Q 2024). Revenue: zł1.14b (up 7.1% from 3Q 2024). Net income: zł49.2m (down 2.0% from 3Q 2024). Profit margin: 4.3% (down from 4.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Poland. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Duyuru • Nov 15
Auto Partner SA to Report Q3, 2025 Results on Nov 20, 2025 Auto Partner SA announced that they will report Q3, 2025 results on Nov 20, 2025 Reported Earnings • Sep 19
Second quarter 2025 earnings released: EPS: zł0.44 (vs zł0.44 in 2Q 2024) Second quarter 2025 results: EPS: zł0.44 (in line with 2Q 2024). Revenue: zł1.14b (up 7.4% from 2Q 2024). Net income: zł57.9m (up 1.8% from 2Q 2024). Profit margin: 5.1% (down from 5.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Poland. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 21
Auto Partner SA to Report First Half, 2025 Results on Sep 18, 2025 Auto Partner SA announced that they will report first half, 2025 results on Sep 18, 2025 Price Target Changed • Jun 05
Price target increased by 7.5% to zł25.90 Up from zł24.10, the current price target is an average from 2 analysts. New target price is 29% above last closing price of zł20.05. Stock is down 17% over the past year. The company posted earnings per share of zł1.59 last year. Upcoming Dividend • Jun 02
Upcoming dividend of zł0.15 per share Eligible shareholders must have bought the stock before 09 June 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 9.5% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Polish dividend payers (6.7%). Lower than average of industry peers (4.1%). Reported Earnings • May 23
First quarter 2025 earnings released: EPS: zł0.30 (vs zł0.31 in 1Q 2024) First quarter 2025 results: EPS: zł0.30 (down from zł0.31 in 1Q 2024). Revenue: zł1.07b (up 7.9% from 1Q 2024). Net income: zł39.2m (down 2.7% from 1Q 2024). Profit margin: 3.7% (down from 4.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Poland. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 30
Dividend of zł0.15 announced Dividend of zł0.15 is the same as last year. Ex-date: 9th June 2025 Payment date: 24th June 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 25%. Duyuru • Apr 29
Auto Partner SA, Annual General Meeting, May 27, 2025 Auto Partner SA, Annual General Meeting, May 27, 2025. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: zł0.38 (vs zł0.50 in 3Q 2023) Third quarter 2024 results: EPS: zł0.38 (down from zł0.50 in 3Q 2023). Revenue: zł1.06b (up 11% from 3Q 2023). Net income: zł50.2m (down 24% from 3Q 2023). Profit margin: 4.7% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 17
Second quarter 2024 earnings released: EPS: zł0.44 (vs zł0.49 in 2Q 2023) Second quarter 2024 results: EPS: zł0.44 (down from zł0.49 in 2Q 2023). Revenue: zł1.06b (up 13% from 2Q 2023). Net income: zł56.9m (down 11% from 2Q 2023). Profit margin: 5.4% (down from 6.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Poland. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 06
Price target decreased by 8.9% to zł27.20 Down from zł29.85, the current price target is an average from 2 analysts. New target price is 18% above last closing price of zł23.10. Stock is up 16% over the past year. The company posted earnings per share of zł1.71 last year. Duyuru • May 25
Auto Partner Declares Dividend, Payable on June 18, 2024 Auto Partner's board declared a dividend payout in the total dividend of PLN 19.6 million (EUR 4.6 million), or PLN 0.15 (EUR 0.04) per share from its 2023 profit, the company said in a market filing. The dividend date is June 3, and the payment date is June 18, 2024. In 2023, the company paid PLN 0.15 (EUR 0.04) dividend per share. Upcoming Dividend • May 24
Upcoming dividend of zł0.15 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 18 June 2024. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Polish dividend payers (7.4%). Lower than average of industry peers (2.4%). Reported Earnings • May 23
First quarter 2024 earnings released: EPS: zł0.31 (vs zł0.33 in 1Q 2023) First quarter 2024 results: EPS: zł0.31 (down from zł0.33 in 1Q 2023). Revenue: zł994.8m (up 19% from 1Q 2023). Net income: zł40.3m (down 6.3% from 1Q 2023). Profit margin: 4.1% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 10
Auto Partner SA Provides Consolidated Earnings Guidance for the First Quarter of 2024 Auto Partner SA provided consolidated earnings guidance for the first quarter of 2024. For the quarter, the company expects net profit fell year-on-year by 6.3 % to PLN 40.3 million (EUR 9.3 million). operating profit fell year on year by 9.5 % to PLN 56.1 million (EUR 12.99 million). Net sales revenue amounted to PLN 994.8 million (EUR 230.3 million), 18.9 % increase than a year ago. Duyuru • May 01
Auto Partner SA, Annual General Meeting, May 24, 2024 Auto Partner SA, Annual General Meeting, May 24, 2024, at 10:00 Central European Standard Time. Declared Dividend • Apr 29
Dividend of zł0.15 announced Dividend of zł0.15 is the same as last year. Ex-date: 31st May 2024 Payment date: 18th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 14%. Reported Earnings • Apr 11
Full year 2023 earnings released: EPS: zł1.71 (vs zł1.59 in FY 2022) Full year 2023 results: EPS: zł1.71 (up from zł1.59 in FY 2022). Revenue: zł3.65b (up 29% from FY 2022). Net income: zł223.6m (up 7.9% from FY 2022). Profit margin: 6.1% (down from 7.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 28
Auto Partner Recommends Dividend Auto Partner's board recommended a dividend payout in the total amount of PLN 19.6 million (EUR 4.5 million), or PLN 0.15 (EUR 0.035) per share. In 2023, the company paid PLN 0.15 (EUR 0.035) dividend per share. Price Target Changed • Feb 28
Price target increased by 19% to zł30.70 Up from zł25.90, the current price target is an average from 2 analysts. New target price is 15% above last closing price of zł26.80. Stock is up 53% over the past year. The company is forecast to post earnings per share of zł1.70 for next year compared to zł1.59 last year. Reported Earnings • Nov 23
Third quarter 2023 earnings released: EPS: zł0.50 (vs zł0.41 in 3Q 2022) Third quarter 2023 results: EPS: zł0.50 (up from zł0.41 in 3Q 2022). Revenue: zł956.3m (up 27% from 3Q 2022). Net income: zł65.6m (up 22% from 3Q 2022). Profit margin: 6.9% (down from 7.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 11
Auto Partner SA Provides Revenue Guidance for the Nine Months Ended September 2023 Auto Partner SA provided revenue guidance for the nine months ended September 2023. In January-September, the company estimated its revenue at ca. PLN 2.73 billion, up by 30.16% year-on-year. Reported Earnings • Sep 17
Second quarter 2023 earnings released: EPS: zł0.49 (vs zł0.40 in 2Q 2022) Second quarter 2023 results: EPS: zł0.49 (up from zł0.40 in 2Q 2022). Revenue: zł938.5m (up 33% from 2Q 2022). Net income: zł64.2m (up 22% from 2Q 2022). Profit margin: 6.8% (down from 7.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 24
Upcoming dividend of zł0.15 per share at 0.8% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Polish dividend payers (7.5%). Lower than average of industry peers (2.6%). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: zł0.33 (vs zł0.39 in 1Q 2022) First quarter 2023 results: EPS: zł0.33 (down from zł0.39 in 1Q 2022). Revenue: zł836.6m (up 31% from 1Q 2022). Net income: zł43.0m (down 14% from 1Q 2022). Profit margin: 5.1% (down from 7.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 09
Auto Partner SA, Annual General Meeting, May 25, 2023 Auto Partner SA, Annual General Meeting, May 25, 2023, at 10:00 Central European Standard Time. Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: zł1.59 (vs zł1.42 in FY 2021) Full year 2022 results: EPS: zł1.59 (up from zł1.42 in FY 2021). Revenue: zł2.83b (up 25% from FY 2021). Net income: zł207.3m (up 11% from FY 2021). Profit margin: 7.3% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 02
Price target decreased to zł19.90 Down from zł22.00, the current price target is provided by 1 analyst. New target price is 48% above last closing price of zł13.44. Stock is down 0.07% over the past year. The company posted earnings per share of zł1.42 last year. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: zł0.41 (vs zł0.39 in 3Q 2021) Third quarter 2022 results: EPS: zł0.41 (up from zł0.39 in 3Q 2021). Revenue: zł751.2m (up 23% from 3Q 2021). Net income: zł53.7m (up 5.3% from 3Q 2021). Profit margin: 7.2% (down from 8.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year and the company’s share price has also increased by 44% per year. Reported Earnings • Sep 17
Second quarter 2022 earnings released: EPS: zł0.40 (vs zł0.42 in 2Q 2021) Second quarter 2022 results: EPS: zł0.40 (down from zł0.42 in 2Q 2021). Revenue: zł706.9m (up 20% from 2Q 2021). Net income: zł52.4m (down 5.7% from 2Q 2021). Profit margin: 7.4% (down from 9.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 31
Upcoming dividend of zł0.15 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 22 June 2022. Trailing yield: 1.1%. Lower than top quartile of Polish dividend payers (7.7%). Lower than average of industry peers (4.1%). Reported Earnings • May 26
First quarter 2022 earnings released: EPS: zł0.39 (vs zł0.29 in 1Q 2021) First quarter 2022 results: EPS: zł0.39 (up from zł0.29 in 1Q 2021). Revenue: zł639.6m (up 35% from 1Q 2021). Net income: zł50.3m (up 33% from 1Q 2021). Profit margin: 7.9% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 7.5% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 46% per year. Reported Earnings • Apr 14
Full year 2021 earnings released: EPS: zł1.42 (vs zł0.85 in FY 2020) Full year 2021 results: EPS: zł1.42 (up from zł0.85 in FY 2020). Revenue: zł2.26b (up 35% from FY 2020). Net income: zł186.0m (up 68% from FY 2020). Profit margin: 8.2% (up from 6.6% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 8.2% growth forecast for the retail industry in Poland. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 46% per year. Reported Earnings • Nov 28
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: zł0.39 (up from zł0.28 in 3Q 2020). Revenue: zł611.6m (up 30% from 3Q 2020). Net income: zł51.0m (up 39% from 3Q 2020). Profit margin: 8.3% (up from 7.8% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 18
Second quarter 2021 earnings released: EPS zł0.42 (vs zł0.25 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł587.2m (up 48% from 2Q 2020). Net income: zł55.6m (up 71% from 2Q 2020). Profit margin: 9.5% (up from 8.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 28
Upcoming dividend of zł0.10 per share Eligible shareholders must have bought the stock before 04 June 2021. Payment date: 15 June 2021. Trailing yield: 0.9%. Lower than top quartile of Polish dividend payers (5.9%). Lower than average of industry peers (2.2%). Reported Earnings • May 26
Full year 2020 earnings released: EPS zł0.85 (vs zł0.45 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł1.67b (up 13% from FY 2019). Net income: zł111.0m (up 89% from FY 2019). Profit margin: 6.6% (up from 4.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 36% per year. Is New 90 Day High Low • Feb 20
New 90-day high: zł8.82 The company is up 12% from its price of zł7.90 on 20 November 2020. The Polish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: zł8.52 The company is up 28% from its price of zł6.68 on 28 October 2020. The Polish market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: zł8.02 The company is up 12% from its price of zł7.16 on 30 September 2020. The Polish market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 5.0% over the same period. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS zł0.28 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł469.5m (up 20% from 3Q 2019). Net income: zł36.6m (up 134% from 3Q 2019). Profit margin: 7.8% (up from 4.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 13
New 90-day high: zł7.76 The company is up 5.0% from its price of zł7.42 on 14 August 2020. The Polish market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is flat over the same period. Reported Earnings • Sep 19
First half earnings released Over the last 12 months the company has reported total profits of zł75.0m, up 29% from the prior year. Total revenue was zł1.53b over the last 12 months, up 16% from the prior year.