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Polish wholesale distributor of automotive spare parts supplying repair workshops and retailers across Poland, CEE and Western Europe.
Polish wholesale distributor of automotive spare parts supplying repair workshops and retailers across Poland, CEE and Western Europe.
Buys parts from manufacturers and resells them with fast delivery, so earnings come from stock turnover and the gap between buying and selling prices, not from technology. Workshops place orders largely online, supplied from a very large central warehouse in Silesia. The company is founder-controlled.
In one line: A Polish wholesale auto-parts distributor.
Moat: none (scale, distribution). Distribution scale within a fragmented, competitive parts wholesale market.
Headquarters: Bierun, Poland · Founded: 1993 · Employees: 2,698
Size Auto Partner (APR.WA) is a Poland Industrials company (Wholesale Distributors) with a market value of $928M, the 42nd largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 27.85 on 6 Nov 2026.
Performance Over six months the shares gained 26.3%, against -15.6% for the median peer and +14.3% for the Poland market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 66.9% over the last twelve months (peer median +6.8%); the operating margin is 7.8% (peer median 3.7%).
Valuation It trades at 12.2× forward earnings against a peer median of 11.4× (5th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.2 points above its cost of capital (9.7% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 7.25B | PLN 4.42B | PLN 4.11B | PLN 3.65B | PLN 2.83B |
| Revenue growth | — | +8% | +13% | +29% | — |
| Gross profit | n/a | PLN 1.18B | PLN 1.13B | PLN 990M | PLN 847M |
| EBITDA | PLN 662M | PLN 337M | PLN 348M | PLN 340M | PLN 316M |
| Net income | PLN 452M | PLN 199M | PLN 208M | PLN 224M | PLN 207M |
| Free cash flow | n/a | PLN 81.8M | PLN 49.6M | PLN 114M | -PLN 11.8M |
| Capital expenditure | n/a | PLN 37.5M | PLN 45.8M | PLN 38.0M | PLN 38.0M |
| Total debt | PLN 470M | PLN 639M | PLN 527M | PLN 490M | PLN 501M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Auto Partner APR.WA | $928M | +26% | +67% | 8% | 12.2× | -5.0% |
| Inter Cars CAR.WA | $3.83B | +38% | +12% | 6% | 13.9× | 9.5% |
| LKQ LKQ | $5.06B | -31% | -3% | 7% | 9.3× | 0.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | APR.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.0% | -10.9% | 8th highest of 21 |
| 6-month return | +26.3% | -15.6% | 2nd highest of 21 |
| Distance from 52-week high | -13.0% | -33.8% | 3rd highest of 21 |
| Revenue growth (TTM) | +66.9% | +6.8% | highest of 21 |
| Operating margin | 7.8% | 3.7% | 6th highest of 21 |
| Forward P/E | 12.2× | 11.4× | 5th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | -5.0% | -3.7% | 7th least demanding of 14 |
| Growth delivered (Del g) | +21.5% | +7.6% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | -26.5 pp | -10.8 pp | least demanding of 14 |
| ROIC minus cost of capital | +16.2 pp | +1.1 pp | highest of 21 |
| EV / EBITDA | 6.0× | 7.7× | 2nd cheapest of 8 |
| Net debt / EBITDA | 0.9× | -0.2× | 6th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Auto Partner APR.WA | Poland | $928M | +26% | +67% | 8% | 12.2× | -5.0% | +21.5% |
| Huludao Zinc Industry 000751.SZ | China | $943M | -36% | +17% | 1% | n/a | n/a | n/a |
| Dlg Exhibitions & Events 600826.SS | China | $944M | -9% | +2% | 15% | 18.7× | 6.9% | -11.5% |
| Lx International 001120.KS | South Korea | $913M | -35% | +11% | 2% | 4.6× | n/a | n/a |
| State Power Rixin Technology 301162.SZ | China | $944M | -25% | +12% | 17% | 36.8× | 22.6% | +23.8% |
| Wah Lee Industrial 3010.TW | Taiwan | $910M | -15% | +6% | 4% | 11.4× | -6.5% | +5.8% |
| Hangzhou Cogeneration 605011.SS | China | $956M | -23% | -1% | 5% | n/a | n/a | n/a |
| Trusco Nakayama 9830.T | Japan | $958M | +6% | +10% | 7% | 9.4× | n/a | n/a |
| Mitsuuroko 8131.T | Japan | $893M | +26% | 0% | 3% | n/a | -3.7% | +8.4% |
| Matsuda Sangyo 7456.T | Japan | $891M | -12% | +49% | 4% | 5.6× | n/a | n/a |
| Superior Plus SPB.TO | Canada | $890M | -22% | -7% | 8% | 13.8× | -1.3% | +13.7% |
| Yellow Hat 9882.T | Japan | $888M | +12% | +7% | 9% | n/a | -5.5% | +3.1% |
| Yamazen 8051.T | Japan | $978M | +13% | +7% | 2% | n/a | -6.3% | +4.5% |
| Kamei 8037.T | Japan | $869M | +40% | +1% | 3% | n/a | -13.1% | +7.6% |
| Deep Source 0990.HK | Hong Kong | $1.00B | -31% | +7% | 2% | n/a | -13.6% | +6.1% |
| Totech 9960.T | Japan | $1.00B | 0% | +6% | 10% | 10.7× | 5.4% | +9.2% |
| MAAS MGH.AX | Australia | $849M | -20% | +31% | 8% | 11.7× | n/a | n/a |
| San-ai Obbli 8097.T | Japan | $843M | -3% | -8% | 2% | n/a | -3.1% | +5.2% |
| China Agricultural Development Seed 600313.SS | China | $1.04B | -16% | +35% | 1% | n/a | 21.8% | +12.7% |
| Beijing Geekplus Technology 2590.HK | Hong Kong | $1.05B | -67% | +33% | 0% | 478.1× | n/a | n/a |
| China Aviation Oil (Singapore) G92.SI | Singapore | $815M | -39% | -8% | 0% | 8.3× | -11.7% | +8.2% |