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: 0.24
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

$41.10

25 Nov
2024

0.000

OPEN

$41.10

0.000

HIGH

$41.10

0

LOW

$41.10

TARGET
$43.20 5.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . AOV . APE . ASG . BAP . CAR . IFM . MTO . MXI . PWH . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
ARB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 124.9 134.4 xxx
DPS (cps) xxx 69.0 72.4 xxx
EPS Growth xxx 15.7% 7.6% xxx
DPS Growth xxx 11.3% 4.9% xxx
PE Ratio xxx N/A 30.6 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx 55.2% 53.8% xxx

Dividend yield today if purchased 3 years ago: 1.32%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.68

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: 03/10 - ex-div 35c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx124.9
DPS All xxxxxxxxxxxxxxx69.0
Sales/Revenue xxxxxxxxxxxxxxx693.2 M
Book Value Per Share xxxxxxxxxxxxxxx800.9
Net Operating Cash Flow xxxxxxxxxxxxxxx125.3 M
Net Profit Margin xxxxxxxxxxxxxxx14.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx16.21 %
Return on Invested Capital xxxxxxxxxxxxxxx15.44 %
Return on Assets xxxxxxxxxxxxxxx13.54 %
Return on Equity xxxxxxxxxxxxxxx16.21 %
Return on Total Capital xxxxxxxxxxxxxxx20.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx32.5 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx34 M
Total Debt xxxxxxxxxxxxxxx40 M
Goodwill - Gross xxxxxxxxxxxxxxx35 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx57 M
Price To Book Value xxxxxxxxxxxxxxx4.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx52.0 M
Capex % of Sales xxxxxxxxxxxxxxx7.50 %
Cost of Goods Sold xxxxxxxxxxxxxxx485 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx68 M
Research & Development xxxxxxxxxxxxxxx16 M
Investments - Total xxxxxxxxxxxxxxx10 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

18/10/2024

1

Overweight

$46.00

11.92%

Overall, Morgan Stanley assesses a "strong" 1Q update by ARB Corp despite a modest fall in profit and highlights positive strategic commentary.

Management noted a -9% decline in deliveries of key vehicles though the broker expects offsets via new stores, new products, greater fitting capacity, and a strong order book.

Target $46. Overweight. Industry view: In-Line. 

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 75.10 cents and EPS of 139.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 81.60 cents and EPS of 151.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Wilsons

23/10/2024

1

Overweight

$50.27

22.31%

ARB Corp reported sales growth of 6.5% in 1Q25 on the previous corresponding period with steady gross margins, Wilsons notes. Net profit declined slightly from labour management and transaction costs.

Management did not offer any guidance but suggested strong orderbooks and a growing export order position across key markets. New stores and products are helping to drive higher "fitment capacity" which is offsetting reduced vehicles sales.

Although the result was softer than expected, Wilsons lifts its target price to $50.27 from $47.85, maintaining an Overweight rating.

FORECAST
Wilsons forecasts a full year FY25 dividend of 72.00 cents and EPS of 131.20 cents.
Wilsons forecasts a full year FY26 dividend of 78.50 cents and EPS of 143.60 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

ARB STOCK CHART

FNArena News on ARB

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2
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Nov 07 2024 - Rudi's View
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