Professional
Added to YB: 2024-03-21
Pitch date: 2024-01-31
AHT.L [bullish]
Ashtead Group plc
+2.6%
current return
Author Info
No bio for this author
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 50.08
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
Sequoia Fund New Portfolio Holding: Ashtead Group plc
AHT.L: Ashtead (Sunbelt) is a leading US equipment rental company. Rental penetration rising (now 55% vs 45% a decade ago), and Ashtead gaining share in consolidating market. Diversifying away from cyclical non-commercial construction. Excellent financials, best-in-class management. Initiated position at ~13x NTM EPS.
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