ARB CORPORATION LIMITED (ARB)
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ARB

ARB - ARB CORPORATION LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Automobiles & Components
Debt/EBITDA: 0.29
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

$39.54

18 Sep
2025

-0.290

OPEN

$39.79

-0.73%

HIGH

$40.20

268,794

LOW

$39.15

TARGET
$43.362 9.7% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 117.7 124.8 xxx
DPS (cps) xxx 119.0 71.7 xxx
EPS Growth xxx - 5.7% 6.0% xxx
DPS Growth xxx 72.5% - 39.7% xxx
PE Ratio xxx N/A 32.1 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx 101.1% 57.5% xxx

Dividend yield today if purchased 3 years ago: 3.99%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.97

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx117.7
DPS All xxxxxxxxxxxxxxx119.0
Sales/Revenue xxxxxxxxxxxxxxx729.9 M
Book Value Per Share xxxxxxxxxxxxxxx909.8
Net Operating Cash Flow xxxxxxxxxxxxxxx128.0 M
Net Profit Margin xxxxxxxxxxxxxxx13.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx13.77 %
Return on Invested Capital xxxxxxxxxxxxxxx13.11 %
Return on Assets xxxxxxxxxxxxxxx11.49 %
Return on Equity xxxxxxxxxxxxxxx13.77 %
Return on Total Capital xxxxxxxxxxxxxxx17.32 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx58.2 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx9 M
Long Term Debt xxxxxxxxxxxxxxx38 M
Total Debt xxxxxxxxxxxxxxx47 M
Goodwill - Gross xxxxxxxxxxxxxxx48 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx69 M
Price To Book Value xxxxxxxxxxxxxxx3.59

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx52.9 M
Capex % of Sales xxxxxxxxxxxxxxx7.25 %
Cost of Goods Sold xxxxxxxxxxxxxxx524 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx75 M
Research & Development xxxxxxxxxxxxxxx17 M
Investments - Total xxxxxxxxxxxxxxx34 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

0.8

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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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

20/08/2025

1

Buy

$45.17

14.24%

Post FY25 results, Citi reiterates its Buy rating on the stock with a more upbeat view on the outlook for the US business, with scope for Australia to achieve improved performance over the next year.

The analyst likes the growth in ORW sales (Off Road Warehouse), and ARB products are experiencing 100% sales growth in some months above the 25% noted in 1H25. More upside is flagged for the acquisition from rollout of store-in-store displays and store network growth.

New vehicle sales in Australia are expected to be in line with FY25, and Citi believes the market has hit a cyclical bottom. ARB Corp also has parts for BYD Shark 6, which is considered less disruptive.

Citi lowers its net profit after tax forecasts by -7% and -10% for FY26/FY27, respectively.

Target price is lifted to $45.17 from $38.70, with earnings downgrades offset by higher peer and market multiples ascribed to the stock.

FORECAST
Citi forecasts a full year FY26 dividend of 72.60 cents and EPS of 120.60 cents.
Citi forecasts a full year FY27 dividend of 83.90 cents and EPS of 139.70 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Wilsons

21/08/2025

1

Overweight

$44.92

13.61%

ARB Corp's FY25 profit of $96m was down -7% year-on-year and around -3% below Wilsons’ forecast, driven by weaker second-half margins and slightly softer sales.

A final dividend of 35c was declared, alongside a surprise 50c special dividend, which reflects balance sheet strength, suggests the broker.

Wilsons notes margin pressure stemmed from FX headwinds as the Thai Baht strengthened against the Australian dollar, though sequential improvement is expected in FY26 as price increases take effect.

Momentum in the Americas continues to build with ORW/4WP performing well, highlight the analysts, while Australian new vehicle sales are accelerating and expected to provide a tailwind for Aftermarket demand.

The broker cuts its FY26 profit forecast by -5.5% on lower sales and weaker margins but leaves FY27 unchanged.

Wilsons raises its target price to $44.92 from $40.83 and maintains an Overweight rating.

FORECAST
Wilsons forecasts a full year FY26 dividend of 70.00 cents and EPS of 128.30 cents.
Wilsons forecasts a full year FY27 dividend of 85.00 cents and EPS of 153.50 cents.
Access Extra Coverage Research History >

ARB STOCK CHART

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