Added to YB: 2024-03-12
Pitch date: 2024-03-12
AHT.L [bullish]
Ashtead Group plc
+3.64%
current return
Author Info
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 49.57
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
AGB 2024.2 - Ashtead Group - $AHT.L
AHT.L: N.America's 2nd biggest equip rental, 1M+ units, 1.5K+ locations. US via Sunbelt; UK leader. Expands M&A, greenfields, high specialty rental potential. Scale advantages procurement, service. Targets higher ROI specialties, clusters. FY24 capex fleet grow. 10-20% returns, infra spend upside. Diversified, less cyclical.
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