ARB CORPORATION LIMITED (ARB)
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ARB - ARB CORPORATION LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Automobiles & Components
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

$36.78

15 Apr
2021

0.500

OPEN

$36.10

1.38%

HIGH

$37.11

198,742

LOW

$35.75

TARGET
$38.688 5.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
CBR . AHG . APE . BAP . CAR . CT . ICQ . SUL . IFM . PWH . AMA . MTO . MXI . SFC . ASG . ATL . VMT . GUD . SNL .
FNARENA'S MARKET CONSENSUS FORECASTS
ARB: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 71.8 116.9 xxx
DPS (cps) xxx 39.5 57.9 xxx
EPS Growth xxx - 0.1% 62.7% xxx
DPS Growth xxx 0.0% 46.5% xxx
PE Ratio xxx N/A 31.4 xxx
Dividend Yield xxx N/A 1.6% xxx
Div Pay Ratio(%) xxx 55.0% 49.5% xxx

Dividend yield today if purchased 3 years ago: 1.99%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.08

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: 08/04 - 29c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx71.8
DPS All xxxxxxxxxxxxxxx39.5
Sales/Revenue xxxxxxxxxxxxxxx465 M

EPS Basic

DPS All

Sales/Revenue

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

17/02/2021

3

Neutral

$37.00

0.60%

ARB Corp's group revenue rose 22% versus last year, reflecting a buoyant second-hand vehicle market in Credit Suisse's view. The net operating cash of $55m was well ahead of the broker's estimate and Credit Suisse highlights the company is in a very healthy net cash position.

Post an "excellent" result and favourable fx trends, Credit Suisse ponders where the upside could be going ahead. Earnings forecasts have been upgraded by 7-11% but the broker believes with the stock trading at higher multiples, near term upside drivers are finite.

Even so, believing the stock will continue to remain supported, Credit Suisse increases the target to $37 from $33.30. Neutral rating is retained.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 56.48 cents and EPS of 114.00 cents.
Credit Suisse forecasts a full year FY22 dividend of 59.04 cents and EPS of 105.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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ARB STOCK CHART