Bapcor Firing on all Cylinders During Fiscal 2018, and Growth Outlook Remains Strong
Bapcor reported a solid fiscal 2018 result, with underlying net profit after tax increasing by over 30% to AUD 87 million, albeit in line with our expectations. The performance was buoyed by the first full-year contribution from the recently acquired New Zealand business, which if excluded would've seen group earnings grow by around 15%, impressive nonetheless.ÂWe maintain our AUD 7.00 per share fair value estimate, and our narrow economic moat rating. We believe shares in Bapcor are fully valu...
Bapcor is engaged in the sale and distribution of motor vehicle aftermarket parts and accessories, automotive equipment and services, and motor vehicle servicing. Co. has three operating segments. The Trade segment is a distributor of automotive aftermarket parts and consumables to trade workshops for the service and repair of vehicles, automotive workshop equipment such as vehicle hoists and scanning equipment, and automotive accessories and maintenance products to do-it-yourself vehicle owners. The Retail segment consists of business units that are retail customer focused. The Specialist Wholesale segment consists of the operations that focus on automotive aftermarket wholesale.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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