Added to YB: 2026-08-25
Pitch date: 2026-08-20
AT.L [bullish]
Ashtead Technology Holdings Plc
-3.07%
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 279.0M
Pitch Price
GBP 3.58
Price Target
N/A
Dividend
0.37%
EV/EBITDA
4.92
P/E
8.76
EV/Sales
1.91
Sector
Trading Companies and Distributors
Category
value
Trade alert: Buying an Undervalued Subsea Equipment Compounder - Ashtead Technology Holdings Plc
AT.L (new position): UK subsea offshore energy equipment rental co bought at GBp356.5. £295m cap, 1.3x leverage, 7% FCF yield FY26, 73% gross/13% net margins. Serial acquirer w/ expanding moat, aligned CEO. In 18% drawdown on temp Mid-East project delays cutting rev 5%/EBITA 15%. 10.7x FWD PE vs 12.4x 5y avg; reverse DCF needs only 5.5% FCF growth; ~8.4% earnings growth. Undervalued w/ margin of safety.
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