ARB CORPORATION LIMITED (ARB)
Share Price Analysis and Chart

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ARB - ARB CORPORATION LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Automobiles & Components
Debt/EBITDA: 0.25
Index: ASX200 | ASX300 | ALL-ORDS

ARB Corp is an Australian designer, manufacturer and retailer of aftermarket 4WD accessories. It exports to over one hundred countries. The company listed on the ASX in 1987.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$38.96

14 May
2024

0.360

OPEN

$38.65

0.93%

HIGH

$39.03

148,202

LOW

$38.49

TARGET
$40.58

+1.56 change from previous day

 4.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . APE . ASG . BAP . CAR . GUD . IFM . MTO . MXI . PWH . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
ARB: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 127.5 xxx
DPS (cps) xxx N/A 68.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 30.7 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx N/A 53.6% xxx

Dividend yield today if purchased 3 years ago: 1.64%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.58

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 04/04 - ex-div 34c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx107.9
DPS All xxxxxxxxxxxxxxx62.0
Sales/Revenue xxxxxxxxxxxxxxx671.2 M
Book Value Per Share xxxxxxxxxxxxxxx739.5
Net Operating Cash Flow xxxxxxxxxxxxxxx90.4 M
Net Profit Margin xxxxxxxxxxxxxxx13.18 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx15.22 %
Return on Invested Capital xxxxxxxxxxxxxxx14.46 %
Return on Assets xxxxxxxxxxxxxxx12.38 %
Return on Equity xxxxxxxxxxxxxxx15.22 %
Return on Total Capital xxxxxxxxxxxxxxx19.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx4.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx29 M
Total Debt xxxxxxxxxxxxxxx36 M
Goodwill - Gross xxxxxxxxxxxxxxx35 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx45 M
Price To Book Value xxxxxxxxxxxxxxx3.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx45.9 M
Capex % of Sales xxxxxxxxxxxxxxx6.83 %
Cost of Goods Sold xxxxxxxxxxxxxxx491 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx61 M
Research & Development xxxxxxxxxxxxxxx14 M
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

09/05/2024

1

Buy

$44.20

13.45%

As a result of slightly slower than expected 3Q sales for ARB Corp, Citi lowers FY24-FY26 EPS forecasts by -2-3%.

The broker lists numerous positives in the outlook for ARB including stronger-for-longer trading conditions in Australia driven by a strong order book, reduced fitting constraints and supply normalisation. Balance sheet optionality to make acquisitions is also highlighted.

Regarding the US strategy, Citi likes that management is taking greater control over distribution and gaining richer customer insights from its new website. A promising partnership with Toyota is also noted.

The Buy rating is maintained and the target falls to $44.20 from $44.90.

FORECAST
Citi forecasts a full year FY24 dividend of 69.60 cents and EPS of 127.20 cents.
Citi forecasts a full year FY25 dividend of 77.50 cents and EPS of 141.60 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

ARB STOCK CHART

FNArena News on ARB

1
Weekly Ratings, Targets, Forecast Changes – 10-05-24

May 13 2024 - Weekly Reports
2
Rudi’s View: Quality Reigns, And How To Identify It

May 01 2024 - Rudi's View
3
Rudi’s View: Shaky Sentiment Ahead Of Corporate Updates

Apr 17 2024 - Rudi's View
4
Rudi’s View: Lessons & Observations From ASX All-Weathers

Apr 10 2024 - Rudi's View
5
Rudi’s View: Week 3 – Not As Good, But Not Bad

Feb 28 2024 - Rudi's View

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