| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 6/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
ARB Overview
ARB Corporation Limited designs, manufactures, distributes, and sells motor vehicle accessories and light metal engineering works in Australia, the United States, New Zealand, Thailand, the Middle East, the United Kingdom, and rest of Europe.
ARB Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$48.44 |
| 52 Week High | AU$27.35 |
| 52 Week Low | AU$54.46 |
| Beta | 0.49 |
| 1 Month Change | -6.70% |
| 3 Month Change | 12.16% |
| 1 Year Change | 72.45% |
| 3 Year Change | 158.21% |
| 5 Year Change | 164.27% |
| Change since IPO | 43,936.36% |
Recent News & Updates
Shareholder Returns
| ARB | AU Auto Components | AU Market | |
|---|---|---|---|
| 7D | 2.3% | 1.6% | 1.5% |
| 1Y | 72.4% | 38.9% | 24.8% |
Return vs Industry: ARB exceeded the Australian Auto Components industry which returned 41.7% over the past year.
Return vs Market: ARB exceeded the Australian Market which returned 25.3% over the past year.
Price Volatility
| ARB volatility | |
|---|---|
| ARB Beta | 0.49 |
| Industry Beta | 0.49 |
| Market Beta | 1 |
Stable Share Price: ARB is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ARB's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1975 | 1,600 | Andrew Brown | https://www.arb.com.au |
ARB Corporation Limited designs, manufactures, distributes, and sells motor vehicle accessories and light metal engineering works in Australia, the United States, New Zealand, Thailand, the Middle East, the United Kingdom, and rest of Europe. The company provides bull bars, side rails and side steps, canopies, UTE lids and tub accessories, roof racks and bars, suspension systems, driving lights, air compressors and tire accessories, air lockers, winches, recovery equipment, recovery points, under vehicle protection products, fuel tanks and storage, drawers and cargo solutions, portable fridge freezers, tents, swags and awnings, camping and touring accessories, safari snorkels, dual battery and solar systems, and general accessories, as well as rear protection, towing, and wheel carriers. It also offers LINX, a controller that declutters the dashboard and centralizes the command of vehicle accessories by replacing classic switches, gauges, and monitors with one sleek and smart driver interface; and UHF radios, GPS map navigators, and reversing cameras.
ARB Fundamentals Summary
| ARB fundamental statistics | |
|---|---|
| Market Cap | AU$3.95b |
| Earnings (TTM) | AU$112.90m |
| Revenue (TTM) | AU$625.53m |
35.0x
P/E Ratio6.3x
P/S RatioIs ARB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ARB income statement (TTM) | |
|---|---|
| Revenue | AU$625.53m |
| Cost of Revenue | AU$287.57m |
| Gross Profit | AU$337.96m |
| Expenses | AU$225.06m |
| Earnings | AU$112.90m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.38 |
| Gross Margin | 54.03% |
| Net Profit Margin | 18.05% |
| Debt/Equity Ratio | 0% |
How did ARB perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield49%
Payout RatioDoes ARB pay a reliable dividends?
See ARB dividend history and benchmarks| ARB dividend dates | |
|---|---|
| Ex Dividend Date | Oct 07 2021 |
| Dividend Pay Date | Oct 22 2021 |
| Days until Ex dividend | 9 days |
| Days until Dividend pay date | 24 days |
Does ARB pay a reliable dividends?
See ARB dividend history and benchmarksValuation
Is ARB undervalued compared to its fair value and its price relative to the market?
34.98x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ARB (A$48.44) is trading above our estimate of fair value (A$14.09)
Significantly Below Fair Value: ARB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ARB is poor value based on its PE Ratio (35x) compared to the Australian Auto Components industry average (19x).
PE vs Market: ARB is poor value based on its PE Ratio (35x) compared to the Australian market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: ARB is poor value based on its PEG Ratio (16.4x)
Price to Book Ratio
PB vs Industry: ARB is overvalued based on its PB Ratio (8.1x) compared to the AU Auto Components industry average (2.9x).
Future Growth
How is ARB forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
2.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ARB's forecast earnings growth (2.1% per year) is above the savings rate (1.9%).
Earnings vs Market: ARB's earnings (2.1% per year) are forecast to grow slower than the Australian market (11.9% per year).
High Growth Earnings: ARB's earnings are forecast to grow, but not significantly.
Revenue vs Market: ARB's revenue (7.8% per year) is forecast to grow faster than the Australian market (5.7% per year).
High Growth Revenue: ARB's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ARB's Return on Equity is forecast to be low in 3 years time (18.5%).
Past Performance
How has ARB performed over the past 5 years?
15.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ARB has high quality earnings.
Growing Profit Margin: ARB's current net profit margins (18%) are higher than last year (12.3%).
Past Earnings Growth Analysis
Earnings Trend: ARB's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: ARB's earnings growth over the past year (97%) exceeds its 5-year average (15.1% per year).
Earnings vs Industry: ARB earnings growth over the past year (97%) exceeded the Auto Components industry 81%.
Return on Equity
High ROE: ARB's Return on Equity (23.2%) is considered high.
Financial Health
How is ARB's financial position?
Financial Position Analysis
Short Term Liabilities: ARB's short term assets (A$344.1M) exceed its short term liabilities (A$112.8M).
Long Term Liabilities: ARB's short term assets (A$344.1M) exceed its long term liabilities (A$59.7M).
Debt to Equity History and Analysis
Debt Level: ARB is debt free.
Reducing Debt: ARB had no debt 5 years ago.
Debt Coverage: ARB has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ARB has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is ARB current dividend yield, its reliability and sustainability?
1.61%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ARB's dividend (1.61%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.31%).
High Dividend: ARB's dividend (1.61%) is low compared to the top 25% of dividend payers in the Australian market (5.45%).
Stability and Growth of Payments
Stable Dividend: ARB's dividends per share have been stable in the past 10 years.
Growing Dividend: ARB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.6%), ARB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ARB's dividends in 3 years are forecast to be covered by earnings (50.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.6yrs
Average management tenure
CEO
Andrew Brown (63 yo)
9.67yrs
Tenure
AU$460,327
Compensation
Mr. Andrew H. Brown has been the Managing Director of ARB Corporation Limited since 2012 and serves as its Director. Mr. Brown has Wide range of experience in automotive engineering and marketing. He had b...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD333.59K) is below average for companies of similar size in the Australian market ($USD1.73M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ARB's management team is seasoned and experienced (10.6 years average tenure).
Board Members
Experienced Board: ARB's board of directors are seasoned and experienced ( 17.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ARB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
Top Shareholders
Company Information
ARB Corporation Limited's employee growth, exchange listings and data sources
Key Information
- Name: ARB Corporation Limited
- Ticker: ARB
- Exchange: ASX
- Founded: 1975
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: AU$3.950b
- Shares outstanding: 81.53m
- Website: https://www.arb.com.au
Number of Employees
Location
- ARB Corporation Limited
- 42-44 Garden Street
- Kilsyth
- Victoria
- 3137
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 15:32 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.