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).
Ok, I'll take my devils-advocate hat off for a moment. I...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$38.03 |
Change
0.040(0.11%) |
Mkt cap ! $3.131B | |||
| Open | High | Low | Value | Volume |
| $37.99 | $38.14 | $37.33 | $11.43M | 301.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 482 | $38.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.10 | 515 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ARB (ASX) Chart |