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
$47.35 |
Change
0.180(0.38%) |
Mkt cap ! $3.898B | |||
| Open | High | Low | Value | Volume |
| $47.00 | $47.79 | $46.96 | $5.285M | 111.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 477 | $47.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $47.41 | 966 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ARB (ASX) Chart |