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Designs and manufactures 4x4 vehicle accessories such as bull bars, roof racks and suspension, sold globally.
Designs and manufactures 4x4 vehicle accessories such as bull bars, roof racks and suspension, sold globally.
Makes most of its range in its own factories in Australia and Thailand and sells through company stores and independent stockists, with exports a substantial part of sales. Most accessories are bought by owners after the vehicle sale, while fitting products at the factory for automakers is a smaller channel.
In one line: A global 4x4 accessory brand, like a premium off-road parts maker.
Moat: narrow (brand, IP / patents). Strong global brand recognition in 4x4 accessories with proprietary products like the Air Locker.
Headquarters: Melbourne, Australia · Founded: 1975
Size ARB (ARB.AX) is an Australia Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.08B, the 166th largest of 316 Australia companies the cockpit tracks. Shares closed at A$18.56 on 6 Nov 2026.
Performance Over six months the shares gained 1.0%, against -15.4% for the median peer and +4.1% for the Australia market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 3.8% over the last twelve months (peer median +9.3%); the operating margin is 16.2% (peer median 6.7%).
Valuation It trades at 17.0× forward earnings against a peer median of 12.2× (5th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +13 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.8 points below its cost of capital (12.5% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$702M | A$702M | A$730M | A$693M | A$671M |
| Revenue growth | — | -4% | +5% | +3% | — |
| Gross profit | A$189M | A$189M | A$206M | A$209M | A$181M |
| EBITDA | A$149M | A$149M | A$163M | A$169M | A$146M |
| Net income | A$92.4M | A$92.4M | A$97.5M | A$103M | A$88.5M |
| Free cash flow | A$67.0M | A$67.0M | A$81.8M | A$77.2M | A$49.8M |
| Capital expenditure | A$41.8M | A$41.8M | A$52.9M | A$52.0M | A$45.9M |
| Total debt | n/a | A$49.6M | A$46.6M | A$40.3M | A$35.8M |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ARB.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.4% | -1.5% | 3rd highest of 21 |
| 6-month return | +1.0% | -15.4% | 7th highest of 21 |
| Distance from 52-week high | -48.0% | -37.0% | 7th lowest of 21 |
| Revenue growth (TTM) | -3.8% | +9.3% | 5th lowest of 21 |
| Operating margin | 16.2% | 6.7% | 2nd highest of 21 |
| Forward P/E | 17.0× | 12.2× | 5th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 15.7% | -0.8% | 4th most demanding of 15 |
| Growth delivered (Del g) | +2.4% | +11.6% | 3rd lowest of 15 |
| Hurdle (Req g minus delivered) | +13.2 pp | -11.4 pp | 2nd most demanding of 15 |
| ROIC minus cost of capital | -1.8 pp | +1.3 pp | 7th lowest of 21 |
| EV / EBITDA | 10.5× | 5.9× | 3rd most expensive of 10 |
| Net debt / EBITDA | 0.0× | 1.6× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ARB ARB.AX | Australia | $1.08B | +1% | -4% | 16% | 17.0× | 15.7% | +2.4% |
| Dauch DCH | United States | $1.07B | -32% | +41% | 3% | 5.5× | n/a | n/a |
| Fuxin Dare Automotive Parts 300473.SZ | China | $1.10B | +28% | +21% | 5% | 33.5× | 20.8% | +10.0% |
| Zotye Automobile 000980.SZ | China | $1.05B | -35% | -33% | -93% | n/a | 37.5% | -17.1% |
| JOST Werke JST.DE | Germany | $1.11B | +5% | +32% | 7% | 10.8× | 3.0% | +14.1% |
| Saf-holland SFQ.DE | Germany | $1.11B | +9% | 0% | 8% | 13.2× | 0.9% | +12.6% |
| Zhejiang Asia-Pacific Mechanical & Electronic 002284.SZ | China | $1.05B | -29% | +10% | 9% | 10.7× | -1.8% | +13.9% |
| Bohai Automotive Systems 600960.SS | China | $1.04B | -13% | -26% | -2% | 16.5× | n/a | n/a |
| Topre 5975.T | Japan | $1.04B | +32% | +5% | 8% | 7.6× | -1.2% | +12.0% |
| Hl Mando 204320.KS | South Korea | $1.13B | -43% | +2% | 3% | 9.6× | -19.9% | +11.2% |
| Guangzhou Ruili Kormee Automotive Electronic 001285.SZ | China | $1.14B | -22% | +21% | 14% | 17.4× | n/a | n/a |
| Exedy 7278.T | Japan | $1.14B | -17% | 0% | 7% | 11.3× | -6.9% | +6.0% |
| KYB 7242.T | Japan | $1.15B | +10% | +11% | 6% | 9.6× | -0.4% | +8.0% |
| HyUnion 002537.SZ | China | $1.01B | -21% | -6% | 4% | n/a | -1.7% | +1.7% |
| Wuxi Zhenhua Auto Parts 605319.SS | China | $1.16B | -18% | +13% | 20% | 14.6× | -4.7% | +16.0% |
| Kuangda Technology 002516.SZ | China | $1.16B | -13% | +3% | 12% | n/a | 9.3% | +9.0% |
| Guilin Fuda 603166.SS | China | $1.01B | -25% | +9% | 15% | 17.9× | n/a | n/a |
| Zhejiang EV-Tech 301607.SZ | China | $1.18B | -7% | +60% | 6% | 20.3× | 24.2% | +35.3% |
| Zhejiang Wanliyang 002434.SZ | China | $1.19B | -13% | -30% | -10% | 15.5× | n/a | n/a |
| F.C.C.Co 7296.T | Japan | $1.20B | +20% | +10% | 8% | 9.0× | -7.1% | +12.3% |
| Sichuan Chengfei Integration Technology 002190.SZ | China | $1.20B | -24% | +9% | -1% | n/a | n/a | n/a |