Bapcor (ASX:BAP) delivers record revenue, earnings; lifts dividend

August 17, 2022 12:32 PM AEST | By Khushboo Joshi
Follow us on Google News:


  • Citing a successful year, Bapcor has marked a rise of 4.6% in its revenue and 4.3% in earnings.
  • The company has announced interim dividend of 11.5 cents per share, up 4.5% compared to FY21 final dividend.
  • Bapcor shares reacted positively to the results, gaining on ASX.

With its core business in the automotive aftermarket, Bapcor Limited (ASX:BAP), provider of vehicle parts, accessories, equipment, services and solutions, on Wednesday (August 17), shared the financial results for the financial year ended 30 June 2022.  

Overall, it was a successful year for Bapcor as the company has delivered a record revenue and NPAT (Net profit after tax), in line with market guidance. As per the company, the demand drivers in the automotive market are positive and supporting the business.

At 11:00 AM AEST, BAP shares were spotted trading at AU$6.850 apiece, up 1.181%.


Key highlights from the results:

  • Bapcor has delivered a record statutory NPAT of AU$125.8 million, up 5.9% year-on-year and 41.2% over a two-year period.
  • Bapcor delivered on market guidance with FY22 Pro Forma NPAT of AU$131.6 million.
  • Revenue growth of 4.6% year-on-year, and 25.9% over a two-year period. Revenue stands at AU$1,841.9 million against AU$1,761.7 million in FY2021.
  • EBITDA proforma saw an increase of 4.3%.
  • Full year result supported by stronger second half, offsetting impact of 1H22 Covid lockdowns.
  • Increased final dividend of 11.5cps, bringing dividends for FY22 to 21.5cps, up 7.5%, with a payout ratio of 55.4%.
  • Bapcor’s balance sheet stands strong with a leverage ratio of 1.2x as of 30 June 2022, notwithstanding net debt rising from AU$164.1 million to AU$262.0 million.

In its results statement, Bapcor stated that supply chain disturbances across the world have impacted FY22 cash conversion and increased working capital levels. However, the company continued with network expansion. During the last year, the company had expanded its network by opening 31 stores.

Outlook shared by Bapcor

Bapcor stated it is working towards “Better than Before” initiative and operationally, the company anticipates a solid underlying performance in FY23.  

Share price performance of Bapcor

In last one month, Bapcor  shares have gained 4.28%. However, in last one year, the stock has plunged  15.70% and on year-to-date basis, the stock has shed off 4.48%. In a tenure of last five years, the stock has gained 23.55% (as of 11:05 AM AEST, 17 August 2022).


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK