Morningstar | Australia Remains the Largest Segment, but Exports Will Drive ARB's Earnings Growth
ARB designs, manufactures, and distributes four-wheel-drive accessories in Australia and internationally. The company's expertise in product innovation, marketing, exporting, distribution network expansion, and production efficiencies have made ARB one of the strongest performing long-term small-cap stocks. Management is as accomplished and credible as any in the small-cap sector. ARB has carved out niche export markets around the world, and its local distribution footprint is widening. The main downside risks are lower consumer and industry demand for four-wheel drives, Australian dollar appreciation, rising input costs, and further deterioration of the Western Australia economy. ARB is at the forefront of accessories design for each new four-wheel-drive model. The company's competitive advantages stem from its intangible brand assets, product quality, market understanding and ability to innovate.ARB is engaged in the design, manufacture, distribution and sale of motor vehicle accessories and light metal engineering works.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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