- The ARB Corporation provides vehicle accessories for four-wheel drive and light duty vehicles.
- In November of 2021 the share price hit all-time highs only to slip into a prolonged slump.
- The share price began a sustained recovery in January of 2024.
The ARB Corporation designs, manufactures, and distributes accessories for four-wheel drive and light duty vehicles. With manufacturing operations here in Australia and in Thailand, the company sells internationally via retail outlets and online, with offices worldwide.
The ARB share price hit an all-time high of $53.71 on 11 November of 2021. Over five years the share price is up 141.08%
Source: ASX
The share price remained relatively stable from mid-2022 through 2023 but has begun to climb following positive Half Year 2024 Financial Results. Revenues rose 0.1% but net profit after tax was up 9.5% and 12.3% excluding a one-off charge.
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ARB’s current dividend yield is 1.52% based on a dividend payment of $0.68 per share. The five-year average dividend yield is 1.72%.
An analyst at Tradethestructure has a BUY recommendation on ARB shares, citing the company’s uniformly positive Half Year 2024 financial results, commenting “the expectation is this favourable momentum will continue as the share price continues to chase its previous highs above $52 per share.”
Marketscreener.com has an analyst consensus rating at HOLD on ARB shares, with two of the ten analysts reporting at BUY, one at OUTPERFORM, three at HOLD, two and UNDERPERFORM and two at SELL.
The Wall Street Journal also is reporting an analyst consensus HOLD rating on ARB shares, with one of the ten analysts reporting at BUY, two at OVERWEIGHT, three at HOLD, one at UNDERWEIGHT, and three at SELL.
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