Another impeccably clean result from ARB (my definition of "clean" is when it takes less than 180 seconds for me to reconcile my financial model to the reported financial statements).
Trouble is, it wasn't a result that shot the lights out (a bit like 80% of ARB's results), but I guess 8% growth in Pre-Tax Profit [*] is not to be scoffed at, especially in exchange rate, and external business, environments that are presenting headwinds to shoot-the-lights-out type financial performance.
The US result - where so much value opportunity exists for ARB - disappointed me a bit. US Revenues were up 3% in A$-terms, and some 7% on a constant currency basis. They invested further costs into that business, given the halving in its profit contribution.
It appears that market is going to be somewhat of a tough nut to crack.
All up, not a poor result (ARB's never are), but certainly not something that will enhance the twenty-something P/E multiple, let alone support it where it currently stands.
([*] NPAT was up 6% on pcp, but the tax rare was 110bp higher in DH2016)
- Forums
- ASX - By Stock
- ARB
- Ann: Half Yearly Report and Accounts
Ann: Half Yearly Report and Accounts, page-2
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARB (ASX) to my watchlist
(20min delay)
|
|||||
Last
$43.85 |
Change
-0.180(0.41%) |
Mkt cap ! $3.610B |
Open | High | Low | Value | Volume |
$43.62 | $44.18 | $42.87 | $8.894M | 203.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1035 | $43.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.89 | 725 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1035 | 43.840 |
1 | 356 | 43.680 |
1 | 533 | 43.620 |
1 | 533 | 43.570 |
1 | 533 | 43.520 |
Price($) | Vol. | No. |
---|---|---|
43.890 | 725 | 1 |
43.920 | 284 | 1 |
43.970 | 533 | 1 |
44.020 | 533 | 1 |
44.080 | 533 | 1 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
Featured News
ARB (ASX) Chart |