Yahoo Finance ARB Corporation Limited (ASX:ARB) Has Attractive Fundamentals
ARB Corporation Limited (ASX:ARB) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of ARB, it is a dependable dividend payer that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on ARB here.
Excellent balance sheet average dividend payer
ARB’s strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This suggests prudent control over cash and cost by management, which is an important determinant of the company’s health. ARB seems to have put its debt to good use, generating operating cash levels of 19.96x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
Income investors would also be happy to know that ARB is a great dividend company, with a current yield standing at 2.1%. ARB has also been regularly increasing its dividend payments to shareholders over the past decade.
Next Steps:
For ARB, I’ve put together three important factors you should look at:
Future Outlook: What are well-informed industry analysts predicting for ARB’s future growth? Take a look at our free research report of analyst consensus for ARB’s outlook.
Historical Performance: What has ARB’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ARB? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.