ARB 0.27% $41.35 arb corporation limited.

The whole market was down. My personal fair value...

  1. 128 Posts.
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    The whole market was down. My personal fair value estimate/target price is around $34.20 based on consensus forecasts for earnings and dividends and the average trading multiple of its peers. I know ARB has tended to trade at a premium to its peers, seemingly due to quality, but I prefer this conservative method. I think the market is now valuing it pretty fairly. It was a bit ridiculous when it hit $40, no offense to anyone who has that as an entry point.

    I think there's still potential for it to go backwards once spending reverses but moves like the Truckman acquisition and some of the tailwinds behind the business make me hopeful for further improvement in growth or profit. I would then expect the stock to move closer to $40.
    I have sold all my other 'COVID winners' (KGN, APT, SZL etc) but can't bring myself to cut ARB.

    Let's see what happens.

 
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Last
$41.35
Change
0.110(0.27%)
Mkt cap ! $3.399B
Open High Low Value Volume
$41.66 $41.75 $41.18 $4.498M 108.5K

Buyers (Bids)

No. Vol. Price($)
1 1232 $40.57
 

Sellers (Offers)

Price($) Vol. No.
$41.74 120 1
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$41.44
  Change
0.110 ( 0.78 %)
Open High Low Volume
$41.57 $41.67 $41.22 9590
Last updated 15.59pm 29/03/2024 ?
ARB (ASX) Chart
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