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← CockpitCompetitor Analysis › CAR.WA Inter Cars S.A.Open in the cockpit ↗

Inter Cars S.A.CAR.WACompetitor analysis, valuation and peers

Poland · PLN·Consumer Discretionary›Auto Parts: OEM

Poland's largest independent distributor of automotive spare parts and accessories to repair workshops across Central and Eastern Europe.

≈ Poland's largest auto-parts distributor, like a European O'Reilly/AutoZone for the tradeMomentum leader 88
Mkt cap
$3.83B
US dollars, full cap
Free float
65%
of shares outstanding
$/day
$1.45M
20-day average traded
Fwd P/E
13.9×
forward earnings
ROIC−WACC
+1.7 pp
WACC 10.0%
Hurdle
-9 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · PLNPLN 1,060
1D+1.3%
1W+0.9%
1M+8.8%
3M+7.7%
6M+38.0%
YTD+89.0%
1Y+93.4%
ATR %3.3%
52w lowhigh3.1% off high

What Inter Cars does

Poland's largest independent distributor of automotive spare parts and accessories to repair workshops across Central and Eastern Europe.

Buys parts from manufacturers and sells to independent workshops, earning the distribution margin, and wins on speed: workshops order from a large central stock and expect delivery within hours. Own-brand parts earn more than third-party brands. The founding Oleksowicz family controls it.

In one line: Poland's largest auto-parts distributor, like a European O'Reilly/AutoZone for the trade.

Products and services

  • Automotive spare parts distribution
  • Accessories & workshop equipment
  • Own-brand parts

Customers

  • Independent auto repair workshops
  • Retail garages across CEE

Where it sits in the supply chain

  • Automotive aftermarket
  • Parts distribution
  • Workshop supply network

What could go right

  • Growing CEE vehicle parc/aging car fleet
  • Consolidation of independent workshops

What could go wrong

  • OEM/dealer network competition
  • Currency/economic cyclicality in CEE

Moat: narrow (scale, distribution). Largest CEE distribution network and warehouse density gives fastest parts availability to workshops.

Headquarters: Warsaw, Poland · Founded: 1990 · Employees: 5,961

Named competitors

Inter Cars at a glance

Size Inter Cars (CAR.WA) is a Poland Consumer Discretionary company (Auto Parts: OEM) with a market value of $3.83B, the 26th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 1,060 on 6 Nov 2026.

Performance Over six months the shares gained 38.0%, against -13.1% for the median peer and +14.3% for the Poland market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue grew 11.5% over the last twelve months (peer median +7.3%); the operating margin is 6.3% (peer median 7.2%).

Valuation It trades at 13.9× forward earnings against a peer median of 12.4× (9th most expensive of 19).

Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -9 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.7 points above its cost of capital (10.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026CAR.WA 138Peer median 88
Six months, rebased to 100: Inter Cars against the median of its 20 peers (local-currency closes).

Inter Cars financials

Reported figures in PLN; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenuePLN 22.5BPLN 21.2BPLN 19.5BPLN 18.0BPLN 15.3B
Revenue growth—+9%+8%+18%—
Gross profitPLN 6.47BPLN 6.00BPLN 5.49BPLN 5.08BPLN 4.50B
EBITDAPLN 1.70BPLN 1.38BPLN 1.23BPLN 1.18BPLN 1.24B
Net incomePLN 952MPLN 806MPLN 721MPLN 700MPLN 746M
Free cash flowPLN 57.7M-PLN 68.6M-PLN 275M-PLN 38.1M-PLN 388M
Capital expenditurePLN 643MPLN 520MPLN 465MPLN 365MPLN 177M
Total debtPLN 4.11BPLN 4.23BPLN 3.71BPLN 3.11BPLN 2.79B

Quarterly statements and history in the cockpit →

Inter Cars competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%30043264737282601717GTX603596LNRAMV0ATMU002126GNTXCIE72760009810008876006995991FR301656CAR.WA6-month return →1-month return →
Up and to the right = strong over both horizons. Inter Cars is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%+100%0×200×400×600×30043264737282601717603596002126301656CAR.WARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Inter Cars is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%64737282601717GTX603596LNRATMU002126GNTX7276000887EXIDEINDFRCAR.WAGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Inter Cars is the large dot.

Inter Cars competitors and peer comparison

Head to head with its named competitors (CAR.WA vs LKQ vs APR.WA)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Inter Cars CAR.WA$3.83B+38%+12%6%13.9×9.5%
LKQ LKQ$5.06B-31%-3%7%9.3×0.0%
Auto Partner APR.WA$928M+26%+67%8%12.2×-5.0%

How Inter Cars compares with its peers

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.

Inter Cars against its 20 peers (data as of 6 Nov 2026)
MeasureCAR.WAPeer medianRank in peer set
1-month return+8.8%-6.5%4th highest of 21
6-month return+38.0%-13.1%highest of 21
Distance from 52-week high-3.1%-31.8%highest of 21
Revenue growth (TTM)+11.5%+7.3%8th highest of 21
Operating margin6.3%7.2%9th lowest of 21
Forward P/E13.9×12.4×9th most expensive of 19
Growth the price implies (Req g, 7 yrs)9.5%0.5%4th most demanding of 18
Growth delivered (Del g)+18.3%+8.8%3rd highest of 17
Hurdle (Req g minus delivered)-8.8 pp-8.5 pp9th least demanding of 17
ROIC minus cost of capital+1.7 pp+0.9 pp8th highest of 21
EV / EBITDA10.8×5.0×3rd most expensive of 11
Net debt / EBITDA2.0×0.4×2nd most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Inter Cars CAR.WAPoland$3.83B+38%+12%6%13.9×9.5%+18.3%
Fulin Precision 300432.SZChina$3.84B-47%+95%5%20.2×n/an/a
Jtekt 6473.TJapan$3.82B-1%+4%5%11.4×1.2%+9.1%
Toyoda Gosei 7282.TJapan$3.81B+26%+13%7%9.8×0.5%+9.7%
ZCZL Industrial Technology 601717.SSChina$3.80B-19%-1%8%6.3×-9.8%+9.4%
Garrett Motion GTXUnited States$3.72B-31%+7%15%9.9×-6.9%+3.4%
Bethel Automotive Safety Systems 603596.SSChina$3.70B-11%+21%10%16.0×7.0%+31.7%
Linamar LNR.TOCanada$3.63B-9%+9%9%7.1×-8.4%+12.0%
Aumovio AMV0.DEGermany$3.57B-12%-6%-6%n/a10.2%n/a
Atmus Filtration Technologies ATMUUnited States$4.13B-9%+13%17%16.2×8.1%+7.4%
Zhejiang Yinlun Machinery 002126.SZChina$3.53B-39%+28%7%23.0×14.6%+19.9%
Gentex GNTXUnited States$4.19B-15%+8%19%9.9×-4.7%+8.5%
CIE Automotive CIE.MCSpain$3.46B-11%+4%14%8.5×-6.7%+6.5%
Koito Manufacturing 7276.TJapan$4.27B-6%+6%6%13.3×-0.8%+6.1%
Sensteed Hi-Tech 000981.SZChina$3.36B-42%-15%-39%n/an/an/a
Anhui Zhongding Sealing Parts 000887.SZChina$3.32B-3%+9%8%15.1×3.8%+11.4%
Ningbo Joyson Electronic 600699.SSChina$4.44B-27%-6%5%21.9×-1.1%+5.0%
Exide Industries EXIDEIND.NSIndia$3.20B-2%+13%8%21.7×27.5%+11.7%
NHK Spring 5991.TJapan$3.18B-14%+3%6%9.8×5.2%+7.4%
Valeo FR.PAFrance$3.00B-15%-2%4%7.3×-8.2%+4.9%
Suzhou Inovance Automotive 301656.SZChina$4.95B-31%+28%1%676.0×n/an/a

Questions

Who are Inter Cars's main competitors?
Named competitors: LKQ Corporation (LKQ), Autodis Group (private or unlisted), Auto Kelly (private or unlisted), Auto Partner (APR.WA). The cockpit's measured peer set (industry) also includes Fulin Precision (300432.SZ), Jtekt (6473.T), Toyoda Gosei (7282.T), ZCZL Industrial Technology (601717.SS), Garrett Motion (GTX), Bethel Automotive Safety Systems (603596.SS).
Is Inter Cars expensive compared with its peers?
On forward p/e it trades at 13.9× against a peer median of 12.4×, 9th most expensive of 19 in its peer set. For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -9 pp: the price already allows for a slowdown.
How has Inter Cars stock performed?
Over six months to 6 Nov 2026 the shares returned +38.0% against -13.1% for the median peer; over one year +93.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.