Added to YB: 2026-07-10
Pitch date: 2026-07-07
AT.L [neutral]
Ashtead Technology Holdings Plc
-0.5%
current return
Author Info
No bio for this author
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 327.2M
Pitch Price
GBP 4.04
Price Target
N/A
Dividend
0.32%
EV/EBITDA
5.54
P/E
10.28
EV/Sales
2.15
Sector
Trading Companies and Distributors
Category
value
Ashtead Technology: From rental rack to integrated partner
AT.L (watchlist): UK subsea equipment rental co (75% rentals) for offshore oil/gas & wind. £203M rev, 21% growth (19% M&A-driven), 22.7% ROIC, 70%+ gross margins, £40M FCF, net debt 1.3x EBITDA falling. Moat via 30k-asset fleet, in-house OEM, Tier-1 clients. 10.2x fwd PE. Cyclicality/over-earning risk. Shortlisted, wants more margin of safety.
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