Added to YB: 2026-01-22
Pitch date: 2026-01-19
AT.L [bullish]
Ashtead Technology Holdings Plc
+14.88%
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 340.2M
Pitch Price
GBP 3.83
Price Target
15.40 (+250%)
Dividend
0.28%
EV/EBITDA
6.47
P/E
11.72
EV/Sales
2.53
Sector
Trading Companies and Distributors
Category
value
Ashtead Technology Investment Thesis
AT.L: Subsea equipment rental leader w/ 80% rental rev, 20%+ growth, 25% ROIC trading at 7.5x P/E. Dominant moat via scale/scope, successful M&A at 20% IRR hurdles. H2 update: £203M rev (+21% YOY), margins top-end guidance, 1.4x leverage falling to <1.0x. Conservative DCF: £9.25 target (150% upside).
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