Added to YB: 2025-08-29
Pitch date: 2025-08-27
AT.L [bullish]
Ashtead Technology Holdings Plc
-6.94%
current return
Author Info
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Company Info
Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.
Market Cap
GBP 259.6M
Pitch Price
GBP 3.60
Price Target
N/A
Dividend
0.37%
EV/EBITDA
5.37
P/E
8.94
EV/Sales
2.10
Sector
Trading Companies and Distributors
Category
value
Buying a new boring stock (22% average IRR, small cap) - Ashtead Technology Holdings Plc
AT.L: Subsea equipment rental co w/ 24% EBIT margins, >11yr asset life, 1-2yr payback. 72% O&G revenue but mostly maintenance/decommissioning vs drilling. 28% renewables growing faster. Low double-digit organic growth target, high 20s EBITDA margins, 20%+ ROIC. Trades 7.5x fwd EBIT, 5x EBITDA after 2025 selloff.
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