With today's dip below $16 ARB is starting to look like reasonable value again with a trailing P/E of under 25x and a consensus forecast 2019 P/E of around 21x, albeit on an ambitious forecast EPS growth rate of 17%.
IMHO this might be a good entry point for longer term investors wishing to secure a position in what is undoubtedly one of the ASX's highest quality midcaps.
@madamswer, @MarsC, any observations?
Ann: Appendix 4E and Annual Report, page-29
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Last
$40.31 |
Change
-0.230(0.57%) |
Mkt cap ! $3.318B | |||
| Open | High | Low | Value | Volume |
| $40.38 | $40.38 | $39.62 | $7.257M | 180.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $40.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.32 | 324 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| ARB (ASX) Chart |