Bapcor's Autobarn Growing Strongly, page-2

I just got this... Wed, 20 Oct at 9:32 am


Wednesday, 20 October 2021

BAP - BAPCOR LIMITED

Macquarie rates BAP as Outperform (1) - In a trading update at the AGM, management said it expects expects a stronger second half in the absence of further significant lockdowns. First quarter revenue was flat versus the previous corresponding period and FY22 guidance was confirmed.

Macquarie lifts its FY22 and FY23 EPS forecasts by 3% and raises its target price by the same percentage to $8.80 from $8.55.The Outperform rating is unchanged.

Target price is $8.80 Current Price is $7.68 Difference: $1.12 If BAP meets the Macquarie target it will return approximately 15% (excluding dividends, fees and charges). Current consensus price target is $8.76, suggesting upside of 14.0%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 22.70 cents and EPS of 37.80 cents . At the last closing share price the estimated dividend yield is 2.96%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.32. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 38.1, implying annual growth of 8.9%. Current consensus DPS estimate is 21.6, implying a prospective dividend yield of 2.8%. Current consensus EPS estimate suggests the PER is 20.2.

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 24.90 cents and EPS of 41.50 cents . At the last closing share price the estimated dividend yield is 3.24%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.51. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 41.9, implying annual growth of 10.0%. Current consensus DPS estimate is 23.9, implying a prospective dividend yield of 3.1%. Current consensus EPS estimate suggests the PER is 18.3.

Market Sentiment: 0.9All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources