Added to YB: 2025-02-26
Pitch date: 2025-02-24
AHT.L [bullish]
Ashtead Group plc
+10.15%
current return
Author Info
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Company Info
Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.
Market Cap
GBP 26.6B
Pitch Price
GBP 47.28
Price Target
N/A
Dividend
1.70%
EV/EBITDA
7.39
P/E
18.61
EV/Sales
3.40
Sector
Trading Companies and Distributors
Category
growth
AHT: Going against the tide
AHT.L: Equipment rental co. focusing on small-mid contracts, clustering strategy. 89% rental rev, 40% construction exposure. $17B fleet, targeting 6-9% growth. Specialty segment potential. 15% ROI on acquisitions. Challenges: delivery performance drop, CEO pay controversy. Buy at current valuation; est. 10% long-term TSR (8% growth + 2% shareholder return).
Read full article (10 min)