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: 0.24
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

$34.02

07 Mar
2025

-0.290

OPEN

$33.96

-0.85%

HIGH

$34.53

142,181

LOW

$33.55

TARGET
$40.95 20.4% 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 124.9 125.9 xxx
DPS (cps) xxx 69.0 69.0 xxx
EPS Growth xxx 15.7% 0.8% xxx
DPS Growth xxx 11.3% - 0.0% xxx
PE Ratio xxx N/A 27.0 xxx
Dividend Yield xxx N/A 2.0% xxx
Div Pay Ratio(%) xxx 55.2% 54.8% xxx

Dividend yield today if purchased 3 years ago: 1.79%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.03

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 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

Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

19/02/2025

1

Overweight

$46.00

35.21%

At first glance, first half results from ARB Corp were slightly below Morgan Stanley's expectations. Stronger exports offset some second quarter deceleration in Australia while a stronger gross profit was offset by reinvestment.

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.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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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Canaccord Genuity

19/02/2025

3

Hold

$34.70

2.00%

First half sales revenue from ARB Corp was slightly below Canaccord Genuity's estimates. Despite strong gross margins, net profit was affected by costs and also below estimates.

The broker believes the issues are cyclical rather than structural and so the question is now about how long this weakness will prevail.

Improvement is not anticipated until the first half of FY26 and the broker emphasises the stock is not currently priced for any cyclical weakness. Hold maintained along with a $34.70 target.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 69.00 cents and EPS of 124.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 73.00 cents and EPS of 132.00 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Extra Coverage Research History >

ARB STOCK CHART

FNArena News on ARB

1
Weekly Ratings, Targets, Forecast Changes – 21-02-25

Feb 24 2025 - Weekly Reports
2
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
3
Australian Broker Call *Extra* Edition – Feb 20, 2025

Feb 20 2025 - Daily Market Reports
4
FNArena Corporate Results Monitor – 19-02-2025

Feb 19 2025 - Australia
5
Australian Broker Call *Extra* Edition – Feb 19, 2025

Feb 19 2025 - Daily Market Reports

Latest Automobiles & Components News

1
Infomedia Confident Turnaround Is Happening

Nov 13 2024 - Small Caps
2
Structural Demand Favours ARB, Amotiv & Bapcor

Oct 31 2024 - Australia
3
ARB Corp Investing For US Growth

Oct 21 2024 - Australia
4
Amotiv’s Potential Going Unnoticed

Oct 02 2024 - Small Caps
5
ARB Corp’s Making America Great(er)

Sep 11 2024 - Small Caps
6
Is Supply Network A Forever Stock?

Sep 05 2024 - Small Caps
7
PWR Holdings Revs Up For FY26 Growth

Aug 21 2024 - Small Caps
8
Resilient CAR Group Motors On

Aug 16 2024 - Australia
9
Premium ARB Corp Keeps Delivering The Goods

May 16 2024 - Small Caps
10
Luxury Cars Still Selling For Autosports

Nov 28 2023 - Small Caps