Ok, I'll take my devils-advocate hat off for a moment. I actually think 8% growth in underlying earnings, under conditions that are probably less than buoyant, is commendable. For earnings to grow at a a greater rate than revenues, when less profitable exports are increasing, is pleasing to me.
An 8% earnings growth in a business that has a dividend payout of about 53%, corresponds with a return on year-start equity of about 17%, which corresponds with a return of average annual equity over 15%. Which seems about right to me. I think a 15% ROE, in what I suspect are cyclically low conditions, is good.
I would pay a lot for a business that holds the promise of generating 8% earnings growth for a long time to come (now I am not necessarily saying ARB is guaranteeing that).
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ARB
arb corporation limited.
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$34.54

Ann: Half Yearly Report and Accounts, page-6
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Last
$34.54 |
Change
1.370(4.13%) |
Mkt cap ! $2.758B |
Open | High | Low | Value | Volume |
$33.99 | $34.69 | $33.82 | $604.5K | 17.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 119 | $34.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.54 | 61 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 154 | 34.540 |
1 | 5 | 34.530 |
6 | 142 | 34.520 |
1 | 46 | 34.510 |
2 | 125 | 34.500 |
Price($) | Vol. | No. |
---|---|---|
34.650 | 44 | 1 |
34.660 | 82 | 1 |
34.670 | 28 | 1 |
34.680 | 119 | 2 |
34.700 | 223 | 5 |
Last trade - 10.34am 04/07/2025 (20 minute delay) ? |
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CCO
THE CALMER CO INTERNATIONAL LIMITED
Matthew Kowal / Andy Burger, CCO / Head of E-Commerce
Matthew Kowal / Andy Burger
CCO / Head of E-Commerce
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