Morningstar cuts fair value estimate for Australia's Bapcor after weak trading update

Bapcor

25/07/2025 24:26

** Morningstar cuts its fair value estimate for Bapcor BAP.AX by 18% to A$6.00

** Investment research firm slashes FY25 net profit forecast for Bapcor by 19%

** Flags the vehicle parts provider's longer-than-expected time for turnaround, highlights decreased revenue across all segments except trade

** Company flagged weaker-than-expected earnings, impairments and abrupt exits of three directors on Thursday

** Morningstar also downgrades its capital allocation rating to "standard" from "exemplary"; notes "lack of cohesion" among acquisitions by the company in specialist wholesale segment

** YTD, shares down 22.5%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))