A director at Arb Corporation bought 30,180 shares at 33.131AUD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
ARB CORPORATION LTD (AU), a company active in the Auto Parts industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as moderately risky. At the fundamental level, theScreener confirms the rating of 0 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Neutral even if it remains under pressure. As of the analysis date January 18, 2022, the closing price w...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Summary Marketline's A.P. Eagers Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by A.P. Eagers Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organ...
After rallying since the start of calendar 2019, shares in narrow-moat-rated ARB trade at an approximate 20% premium to our unchanged AUD 15.00 per share fair value estimate. While growth has moderated in fiscal 2019 to-date, our long-term expectations are unchanged, and we forecast 8% EPS growth on average over the next five years. We think the market is overly optimistic about the growth potential in the local market, which we view as highly mature and saturated. While the long-term outlook f...
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...
After rallying since the start of calendar 2019, shares in narrow-moat-rated ARB trade at an approximate 20% premium to our unchanged AUD 15.00 per share fair value estimate. While growth has moderated in fiscal 2019 to-date, our long-term expectations are unchanged, and we forecast 8% EPS growth on average over the next five years. We think the market is overly optimistic about the growth potential in the local market, which we view as highly mature and saturated. While the long-term outlook fo...
Narrow-moat rated ARB reported interim fiscal 2019 revenue of AUD 218 million and profit before tax of AUD 38 million, growth of 6% and 5%, respectively. Sales to original equipment manufacturers (OEMS) grew the fastest at almost 22%, reflecting new contracts commenced during the year, although this was offset by softness in the core Australian market. Management highlighted a continuation of sales growth during the first six weeks of the second half, although cautioned that unstable economic co...
Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompass...
Narrow-moat rated ARB reported interim fiscal 2019 revenue of AUD 218 million and profit before tax of AUD 38 million, growth of 6% and 5%, respectively. Sales to original equipment manufacturers (OEMS) grew the fastest at almost 22%, reflecting new contracts commenced during the year, although this was offset by softness in the core Australian market. Management highlighted a continuation of sales growth during the first six weeks of the second half, although cautioned that unstable economic co...
Narrow-moat rated ARB reported interim fiscal 2019 revenue of AUD 218 million and profit before tax of AUD 38 million, growth of 6% and 5%, respectively. Sales to original equipment manufacturers (OEMS) grew the fastest at almost 22%, reflecting new contracts commenced during the year, although this was offset by softness in the core Australian market. Management highlighted a continuation of sales growth during the first six weeks of the second half, although cautioned that unstable economic co...
Narrow-moat rated ARB reported interim fiscal 2019 revenue of AUD 218 million and profit before tax of AUD 38 million, growth of 6% and 5%, respectively. Sales to original equipment manufacturers (OEMS) grew the fastest at almost 22%, reflecting new contracts commenced during the year, although this was offset by softness in the core Australian market. Management highlighted a continuation of sales growth during the first six weeks of the second half, although cautioned that unstable economic co...
After falling by 35% during the past few months, shares in narrow-moat rated ARB are only slightly overvalued relative to our AUD 15.00 per share fair value estimate. The share price de-rating follows the declining housing market and weakening consumer spending. Despite some near-term softness, we believe the company can sustain mid-single-digit revenue growth in Australia for the next five years, supported by ongoing expansion into new product categories, market share gains, and modest price i...
After falling by 35% during the past few months, shares in narrow-moat rated ARB are only slightly overvalued relative to our AUD 15.00 per share fair value estimate. The share price de-rating follows the declining housing market and weakening consumer spending. Despite some near-term softness, we believe the company can sustain mid-single-digit revenue growth in Australia for the next five years, supported by ongoing expansion into new product categories, market share gains, and modest price i...
Fiscal 2018 was another solid year for ARB, which reported underlying net profit of AUD 54 million (excluding an underprovision for tax in prior years), a 10% increase on the prior year. While this was in line with our expectations, we have increased our fair value estimate by AUD 0.50 to AUD 15 per share to reflect slightly stronger offshore growth. Despite raising our fair value estimate, the stock is expensive at the current price. We project 10% annual EPS growth on average during the next ...
Fiscal 2018 was another solid year for ARB, which reported underlying net profit of AUD 54 million (excluding an underprovision for tax in prior years), a 10% increase on the prior year. While this was in line with our expectations, we have increased our fair value estimate by AUD 0.50 to AUD 15 per share to reflect slightly stronger offshore growth. Despite raising our fair value estimate, the stock is expensive at the current price. We project 10% annual EPS growth on average during the next ...
Fiscal 2018 was another solid year for ARB, which reported underlying net profit of AUD 54 million (excluding an underprovision for tax in prior years), a 10% increase on the prior year. While this was in line with our expectations, we have increased our fair value estimate by AUD 0.50 to AUD 15 per share to reflect slightly stronger offshore growth. Despite raising our fair value estimate, the stock is expensive at the current price. We project 10% annual EPS growth on average during the next ...
Following almost 30% share-price appreciation over the past six months, shares in narrow-moat-rated ARB are significantly overvalued relative to our fair value estimate. The business is extremely high quality, with a dominant market position, strong brand, and pristine balance sheet, all of which can help justify the premium multiples the company has long traded at. Nonetheless, at 33 times fiscal 2018 forecast EPS, we believe the stock is expensive, especially when compared with the five-year h...
Following almost 30% share-price appreciation over the past six months, shares in narrow-moat-rated ARB are significantly overvalued relative to our fair value estimate. The business is extremely high quality, with a dominant market position, strong brand, and pristine balance sheet, all of which can help justify the premium multiples the company has long traded at. Nonetheless, at 33 times fiscal 2018 forecast EPS, we believe the stock is expensive, especially when compared with the five-year h...
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