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This report is the updated version of the report uploaded on 11 October 2023 at 4:40 PM GMT +11
Bapcor Limited
BAP Details
Bapcor Limited (ASX: BAP) is an Australia-based provider of vehicle parts, accessories, equipment, service as well as solutions.
Financial Results for FY 2023
Outlook
BAP’s priority is to continue to perform operationally, as well as executing its Better than Before transformation program. For FY 2024, the company anticipates the robust underlying performance subject to the market conditions as well as for the Better than Before program to deliver the targeted FY 2024 goals.
Key Risks
The fluctuations in the prices of raw materials as well as other variable factors such as labour could impact the financial performance of the company.
Fundamental Valuation
P/E Based Relative Valuation
Stock Recommendation
Over the last 3 months, the stock has given a return of 8.758%. The stock has made a 52-week low and high of AUD 5.81 and AUD 7.09, respectively. The company’s performance is exposed to the risks related to the global slowdown as well as geopolitical tensions. Therefore, investors should exit the stock.
Hence, a ‘Sell’ rating has been provided on the stock at the current price of AUD 6.775 per share (Australian Time: 4:00 PM (GMT +11)) as on 11th October 2023.
Technical Overview:
Daily Price Chart
Markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
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