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

$38.58

22 Apr
2024

0.840

OPEN

$38.15

2.23%

HIGH

$38.78

93,739

LOW

$38.08

TARGET
$37.50 -2.8% downside
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 126.4 xxx
DPS (cps) xxx N/A 69.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 30.5 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx N/A 54.9% xxx

Dividend yield today if purchased 3 years ago: 1.63%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.61

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

0.1

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

21/02/2024

3

Hold

$38.30

-0.73%

Morgans makes EPS upgrades across FY24-26 of 8.4%, 5.0% and 4.8%, respectively, following  ARB Corp's 1H results. A $51.3m profit beat the broker’s $48.3m forecast as sale price increases combined with reduced input costs and freight.

The 1H gross margin rose by more than 400bps on the previous corresponding period to 57.5%, the strongest level since the peak-covid margin of 57.7% for the 1H of FY22, point out the analysts.

The Hold rating is kept due to both valuation and the current headwinds facing the consumer. Morgans target rises to $38.30 from $31.15.

Flat revenues in the 1H may also be a harbinger for upcoming operating deleverage, given the current peak gross margin level, suggests the broker.

FORECAST
Morgans forecasts a full year FY24 dividend of 71.00 cents and EPS of 131.00 cents.
Morgans forecasts a full year FY25 dividend of 78.00 cents and EPS of 141.00 cents.

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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ARB STOCK CHART