Added to YB: 2025-12-22
Pitch date: 2025-12-18
AT.L [neutral]
Ashtead Technology Holdings Plc
-3.31%
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 255.6M
Pitch Price
GBP 3.17
Price Target
9.15 (+187%)
Dividend
0.38%
EV/EBITDA
5.31
P/E
8.81
EV/Sales
2.08
Sector
Trading Companies and Distributors
Category
value
DV Capital | Ashtead | Unloved Infrastructure
AT.L (overview): Subsea equipment rental co w/ 30K+ assets, £350M replacement cost. 50% market share in survey/robotics. Down 60% from highs despite solid fundamentals. Temporary FCF pressure from elevated capex/working capital normalizing by 2028. 8% revenue growth + margin expansion to 16.5% FCF margin = £44M FCF. 17x multiple = 915 GBX target (186% upside, 42% CAGR). Strong opportunity but didn't beat existing holdings.
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