Does This Valuation Of ARB Corporation Limited (ASX:ARB) Imply Investors Are Overpaying?
Dec 14
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Australian (ASX) Auto Parts and Equipment Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies8
- 7D0.6%
- 3M-9.7%
- 1Y-0.4%
- YTDn/a
The Auto Parts and Equipment industry is up 1.1% in the last week, with ARB up 1.0%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 9.4% per annum.
Industry Valuation and Performance
Has the Australian Auto Parts and Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$5.9b | AU$2.3b | AU$266.6m | 16.2x | 22.3x | 2.6x |
| Mon, 18 Nov 2024 | AU$6.3b | AU$2.3b | AU$266.6m | 16.9x | 23.6x | 2.7x |
| Wed, 16 Oct 2024 | AU$6.4b | AU$2.3b | AU$266.6m | 15.3x | 24.1x | 2.8x |
| Fri, 13 Sep 2024 | AU$6.4b | AU$2.3b | AU$266.8m | 15.4x | 23.8x | 2.7x |
| Sun, 11 Aug 2024 | AU$6.2b | AU$2.4b | AU$251.2m | 16.2x | 24.5x | 2.6x |
| Tue, 09 Jul 2024 | AU$6.1b | AU$2.4b | AU$251.2m | 13.9x | 24.3x | 2.6x |
| Thu, 06 Jun 2024 | AU$6.1b | AU$2.4b | AU$251.2m | 13.8x | 24.3x | 2.6x |
| Sat, 04 May 2024 | AU$6.1b | AU$2.4b | AU$251.2m | 13.2x | 24.4x | 2.6x |
| Mon, 01 Apr 2024 | AU$6.6b | AU$2.4b | AU$251.2m | 15.5x | 26.4x | 2.8x |
| Wed, 28 Feb 2024 | AU$6.5b | AU$2.4b | AU$250.3m | 14.7x | 26x | 2.8x |
| Fri, 26 Jan 2024 | AU$5.9b | AU$2.3b | AU$151.9m | 17.3x | 38.5x | 2.5x |
| Sun, 24 Dec 2023 | AU$6.0b | AU$2.3b | AU$151.9m | 17x | 39.3x | 2.6x |
| Tue, 21 Nov 2023 | AU$5.7b | AU$2.3b | AU$151.9m | 15.9x | 37.2x | 2.4x |
| Thu, 19 Oct 2023 | AU$5.4b | AU$2.3b | AU$151.9m | 16.1x | 35.6x | 2.3x |
| Sat, 16 Sep 2023 | AU$5.9b | AU$2.3b | AU$151.9m | 17.1x | 38.8x | 2.5x |
| Mon, 14 Aug 2023 | AU$5.4b | AU$2.3b | AU$143.7m | 23.8x | 37.5x | 2.4x |
| Wed, 12 Jul 2023 | AU$4.9b | AU$2.3b | AU$148.6m | 22.5x | 33.1x | 2.2x |
| Fri, 09 Jun 2023 | AU$4.7b | AU$2.3b | AU$148.6m | 19.3x | 31.4x | 2x |
| Sun, 07 May 2023 | AU$5.3b | AU$2.3b | AU$148.6m | 20.9x | 35.5x | 2.3x |
| Tue, 04 Apr 2023 | AU$5.5b | AU$2.3b | AU$148.6m | 21.2x | 37x | 2.4x |
| Thu, 02 Mar 2023 | AU$5.4b | AU$2.3b | AU$154.0m | 19.2x | 35.4x | 2.4x |
| Sat, 28 Jan 2023 | AU$5.4b | AU$2.1b | AU$161.5m | 20.9x | 33.3x | 2.6x |
| Mon, 26 Dec 2022 | AU$4.6b | AU$2.1b | AU$161.5m | 19.7x | 28.8x | 2.3x |
| Wed, 23 Nov 2022 | AU$5.0b | AU$2.1b | AU$161.5m | 21.9x | 31.3x | 2.4x |
| Fri, 21 Oct 2022 | AU$4.5b | AU$2.1b | AU$161.5m | 17.8x | 28x | 2.2x |
| Sun, 18 Sep 2022 | AU$5.1b | AU$1.9b | AU$157.5m | 16.6x | 32.2x | 2.6x |
| Tue, 16 Aug 2022 | AU$5.3b | AU$1.7b | AU$188.4m | 21.7x | 28.2x | 3.1x |
| Thu, 14 Jul 2022 | AU$4.8b | AU$1.7b | AU$188.4m | 19.7x | 25.3x | 2.8x |
| Sat, 11 Jun 2022 | AU$4.9b | AU$1.7b | AU$188.4m | 18.8x | 26.2x | 2.9x |
| Mon, 09 May 2022 | AU$5.8b | AU$1.7b | AU$188.4m | 20.4x | 30.6x | 3.4x |
| Wed, 06 Apr 2022 | AU$6.4b | AU$1.7b | AU$188.4m | 24.4x | 34x | 3.8x |
| Fri, 04 Mar 2022 | AU$6.4b | AU$1.7b | AU$188.4m | 26.1x | 34.2x | 3.8x |
| Sun, 30 Jan 2022 | AU$6.5b | AU$1.6b | AU$201.9m | 23.8x | 32.4x | 4.2x |
| Tue, 28 Dec 2021 | AU$7.2b | AU$1.6b | AU$201.9m | 23.1x | 35.6x | 4.6x |
Price to Earnings Ratio
35.6x
Current Industry PE
- Investors are pessimistic on the Australian Auto Parts and Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 22.5x which is lower than its 3-year average PE of 30.6x.
- The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Auto Parts and Equipment industry have grown 9.7% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Auto Parts and Equipment compare with similar industries?
| AU Market | -2.74% | |
| Consumer Discretionary | -3.11% | |
| Auto Components | 0.58% | |
| Auto Parts and Equipment | 0.58% | |
| Tires and Rubber | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ARB ARB | AU$39.49 | 1.0% +AU$33.2m | 11.5% | PE31.9x | |
| SIX Sprintex | AU$0.067 | 34.0% +AU$10.6m | 378.6% | PS34.9x | |
| AOV Amotiv | AU$10.39 | 0.6% +AU$8.4m | -12.7% | PE14.6x | |
| SFC Schaffer | AU$22.10 | 1.0% +AU$3.0m | 21.1% | PE11.1x |
