ARB CORPORATION LIMITED (ARB)
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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

$31.73

27 Sep
2023

-0.710

OPEN

$32.19

-2.19%

HIGH

$32.65

134,539

LOW

$31.61

TARGET
$29.55 -6.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . APE . ASG . BAP . CAR . CBR . GUD . IFM . MTO . MXI . PWH . PWR . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
ARB: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 107.9 119.3 xxx
DPS (cps) xxx 62.0 64.6 xxx
EPS Growth xxx - 27.8% 10.5% xxx
DPS Growth xxx - 12.7% 4.2% xxx
PE Ratio xxx N/A 26.1 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 57.4% 54.2% xxx

Dividend yield today if purchased 3 years ago: 2.29%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.99

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: 05/04 - ex-div 32c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

-0.2

No. Of Recommendations

5
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

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Macquarie

23/08/2023

5

Underperform

$26.25

-17.27%

ARB Corp reported revenue in line and profit -6% below Macquarie. Australian Aftermarket grew 2.7% year on year, export sales fell -9% and OEM revenue declined -18%.

Management noted first half FY24 gross margins have returned to historical levels (55-56%), but may swing on cost inflation, factory recoveries and FX. At this stage management does not expect further price rises are required in FY24.

Delivering improved gross and profit margins in FY24 is a key catalyst, Macquarie believes. Target rises to $26.25 from $25.70. The broker remains cautious a softening consumer could impact demand in FY24. Underperform retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 57.70 cents and EPS of 115.00 cents.
Macquarie forecasts a full year FY25 dividend of 64.10 cents and EPS of 128.00 cents.

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

ARB STOCK CHART

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