Announcement • Jun 25
Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) acquired Reliant Asset Management, LLC for $650 million. Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) acquired Reliant Asset Management, LLC for $650 million on May 1, 2026. A cash consideration of $650 million will be paid by Sunbelt Rentals Holdings, Inc. As part of consideration, $650 million is paid towards common equity of Reliant Asset Management, LLC.
Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) completed the acquisition of Reliant Asset Management, LLC for $650 million on May 1, 2026 Announcement • May 15
Sunbelt Rentals Holdings, Inc. to Report Q4, 2026 Results on Jun 23, 2026 Sunbelt Rentals Holdings, Inc. announced that they will report Q4, 2026 results at 9:30 AM, US Eastern Standard Time on Jun 23, 2026 Announcement • Mar 12
Sunbelt Rentals Holdings, Inc. Revises Earnings Guidance for the Full-Year Fiscal 2026 Sunbelt Rentals Holdings, Inc. revised earnings guidance for the full-year fiscal 2026. For the year, the company rental revenue growth expectations have been updated, with the prior range of 0% to 4% narrowed to 2% to 3%. Announcement • Mar 02
Ashtead Group plc Announces Notice of Cancellation of Admission of Its Ordinary Shares to Trading on the London Stock Exchange, Effective 02 March 2026 At the request of Ashtead Group plc, the company’s Ordinary Shares of 10 pence each fully paid have been cancelled from admission to trading on London Stock Exchange with effect from the time and date of this notice i.e. 02 March 2026. Announcement • Feb 16
Ashtead Group plc to Report Q3, 2026 Results on Mar 12, 2026 Ashtead Group plc announced that they will report Q3, 2026 results on Mar 12, 2026 Announcement • Sep 04
Ashtead Group plc Reaffirms Earnings Guidance for the Year 2025-2026 Ashtead Group plc reaffirmed earnings guidance for the year 2025-2026. For the year, the company expects rental revenue growth in the range of 0% - 4%. Announcement • Jul 24
Ashtead Group plc, Annual General Meeting, Sep 02, 2025 Ashtead Group plc, Annual General Meeting, Sep 02, 2025. Location: wax chandlers hall, 6 gresham street, ec2v 7ad, london United Kingdom Announcement • Apr 15
Ashtead Group plc Announces Lucinda Riches Step Down from the Board Kingfisher plc, on 15 April 2025, announced that Lucinda Riches, a non-executive director will step down from the board of Ashtead Group plc as a non-executive director and chair of the remuneration committee at their AGM in September 2025. On 21 March 2025, the Company announced in accordance with Listing Rule 6.4.6 that Lucinda will succeed non-executive directors Catherine Bradley and Rakhi Goss-Custard as Senior Independent Director and Remuneration Committee Chair respectively at the conclusion of the 2025 AGM when they will each step down from the Board. Announcement • Dec 12
Ashtead Group plc (LSE:AHT) announces an Equity Buyback for $1,500 million worth of its shares. Ashtead Group plc (LSE:AHT) announces a share repurchase program. Under the program, the company will repurchase will repurchase up to $1,500 million worth of shares. The program will run over the next 18 months. Announcement • Dec 10
Ashtead Group plc Announces Interim Dividend, Payable on 7 February 2025 Ashtead Group plc announced that combined with the Board's decision to rebalance the split between the interim and final dividend, to broadly one third interim, two thirds final, has resulted in the Board increasing the interim dividend to 36¢ per share (2023: 15.75¢ per share). This will be paid on 7 February 2025 to shareholders on the register on 10 January 2025. Buy Or Sell Opportunity • Nov 07
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to €75.50. The fair value is estimated to be €60.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 1.8% per annum over the same time period. Announcement • Sep 05
Ashtead Group plc Approves Final Dividend for the Year Ended 30 April 2024, Payable on 10 September 2024 Ashtead Group plc approved final dividend of 89.25 us cents per ordinary share for the year ended 30 April 2024, payable on 10 September 2024 to holders of ordinary shares registered at the close of business on 9 August 2024 at the Annual General Meeting of the Company held on 4 September 2024. Reported Earnings • Sep 04
First quarter 2025 earnings released: EPS: US$0.92 (vs US$1.02 in 1Q 2024) First quarter 2025 results: EPS: US$0.92 (down from US$1.02 in 1Q 2024). Revenue: US$2.75b (up 2.1% from 1Q 2024). Net income: US$403.5m (down 9.8% from 1Q 2024). Profit margin: 15% (down from 17% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 03
Ashtead Group plc Announces Chief Financial Officer Changes Ashtead Group plc announced that Michael Pratt, chief financial officer (CFO), has notified the board of his intention to retire in September 2025. As part of the Group's long-term succession planning, the company announced that Alex Pease will join the Group in October as CFO Designate. Alex, aged 52, was most recently CFO of WestRock Company from 2021 until its recent merger with Smurfit Kappa. Before that he served as CFO for three public companies of increasing global scale and complexity. Prior to transitioning to his financial leadership roles, Alex spent more than 10 years with McKinsey & Company in a wide range of advisory roles, leaving as a partner in 2011. He also served as a US Navy SEAL from 1994 to 2000. Alex will be based in Fort Mill, South Carolina. Over the coming months Michael will work closely with Alex to ensure a seamless transition. Upcoming Dividend • Aug 01
Upcoming dividend of US$0.89 per share Eligible shareholders must have bought the stock before 08 August 2024. Payment date: 10 September 2024. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.1%). Announcement • Jun 20
Ashtead Group plc to Report Q1, 2025 Results on Sep 03, 2024 Ashtead Group plc announced that they will report Q1, 2025 results on Sep 03, 2024 Declared Dividend • Jun 20
Final dividend of US$0.89 announced Shareholders will receive a dividend of US$0.89. Ex-date: 8th August 2024 Payment date: 10th September 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (271% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 20
Ashtead Group plc Recommends Final Dividend, Payable on 10 September 2024 Ashtead Group plc recommended a final dividend of 89.25¢ per share (2023: 85.0¢) making 105.0¢ for the year (2023: 100.0¢), an increase of 5%. If approved at the forthcoming Annual General Meeting, the final dividend will be paid on 10 September 2024 to shareholders on the register on 9 August 2024. Reported Earnings • Jun 19
Full year 2024 earnings released: EPS: US$3.66 (vs US$3.68 in FY 2023) Full year 2024 results: EPS: US$3.66 (down from US$3.68 in FY 2023). Revenue: US$10.9b (up 12% from FY 2023). Net income: US$1.60b (down 1.2% from FY 2023). Profit margin: 15% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 13
Ashtead Group plc, Annual General Meeting, Sep 04, 2024 Ashtead Group plc, Annual General Meeting, Sep 04, 2024. Announcement • Jun 06
Ashtead Group plc to Report Q4, 2024 Results on Jun 18, 2024 Ashtead Group plc announced that they will report Q4, 2024 results on Jun 18, 2024 Reported Earnings • Mar 06
Third quarter 2024 earnings released: EPS: US$0.76 (vs US$0.87 in 3Q 2023) Third quarter 2024 results: EPS: US$0.76 (down from US$0.87 in 3Q 2023). Revenue: US$2.66b (up 9.5% from 3Q 2023). Net income: US$332.3m (down 13% from 3Q 2023). Profit margin: 13% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Mar 01
Ashtead Group plc Announces the Appointment of Roy Twite as Non-Executive Director and Member of the Audit, Nominations, and Remuneration Committees, Effective June 10, 2024 Ashtead Group plc announced the appointment of Roy Twite as a non-executive director with effect from 10 June 2024. Roy has also been appointed as a member of the audit, nominations, and remuneration committees. Roy is Chief Executive Officer of IMI plc where he has worked in a variety of senior roles since 1988. Roy is also a non-executive director of Halma plc. Announcement • Feb 01
Ashtead Group plc Announces Interim Dividend, Payable on 8 February 2024 Ashtead Group plc announced an interim dividend of 15.75 US cents per share. The dividend will be paid on 8 February 2024 to shareholders who were on the register at the close of business on 12 January 2024. Reported Earnings • Dec 06
Second quarter 2024 earnings released: EPS: US$1.13 (vs US$1.13 in 2Q 2023) Second quarter 2024 results: EPS: US$1.13. Revenue: US$2.88b (up 13% from 2Q 2023). Net income: US$494.0m (flat on 2Q 2023). Profit margin: 17% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Trade Distributors industry in Europe. Announcement • Nov 21
Ashtead Group plc Revises Earnings Guidance for the Year 2023 Ashtead Group plc revised earnings guidance for the year 2023. The Group expects to deliver record full-year results. The company is revising full-year revenue guidance and earnings expectations: The company now expect both Group and US rental revenue growth in the range of 11% to 13% (previous guidance for both: 13% to 16%), which will result in EBITDA being 2% to 3% below current market expectations. Recent Insider Transactions • Sep 11
CEO & Executive Director recently sold €9.0m worth of stock On the 8th of September, Brendan Horgan sold around 150k shares on-market at roughly €60.24 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Brendan has been a net seller over the last 12 months, reducing personal holdings by €11m. Announcement • Sep 07
Ashtead Group plc Approves Final Dividend for the Year Ended 30 April 2023, Payable on 12 September 2023 Ashtead Group plc approved final dividend of 85 cents per ordinary share for the year ended 30 April 2023 be declared payable on 12 September 2023 to holders of ordinary shares registeredat the close of business on 11 August 2023 at the Annual General Meeting of the Company held on 6 September 2023. Reported Earnings • Sep 06
First quarter 2024 earnings released: EPS: US$1.02 (vs US$0.90 in 1Q 2023) First quarter 2024 results: EPS: US$1.02 (up from US$0.90 in 1Q 2023). Revenue: US$2.70b (up 19% from 1Q 2023). Net income: US$447.4m (up 13% from 1Q 2023). Profit margin: 17% (in line with 1Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year and the company’s share price has also increased by 28% per year. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.85 per share at 1.4% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 12 September 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%). Announcement • Jul 25
Ashtead Group plc announced a financing transaction Ashtead Group plc announced a private placement of single series of benchmark-sized, senior notes on July 24, 2023. Reported Earnings • Jul 23
Full year 2023 earnings released: EPS: US$3.68 (vs US$2.81 in FY 2022) Full year 2023 results: EPS: US$3.68 (up from US$2.81 in FY 2022). Revenue: US$9.67b (up 21% from FY 2022). Net income: US$1.62b (up 29% from FY 2022). Profit margin: 17% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year. Reported Earnings • Jun 14
Full year 2023 earnings released: EPS: US$3.68 (vs US$2.81 in FY 2022) Full year 2023 results: EPS: US$3.68 (up from US$2.81 in FY 2022). Revenue: US$9.67b (up 21% from FY 2022). Net income: US$1.62b (up 29% from FY 2022). Profit margin: 17% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Announcement • Jun 14
Ashtead Group plc, Annual General Meeting, Sep 06, 2023 Ashtead Group plc, Annual General Meeting, Sep 06, 2023. Reported Earnings • Mar 09
Third quarter 2023 earnings released: EPS: US$0.87 (vs US$0.67 in 3Q 2022) Third quarter 2023 results: EPS: US$0.87 (up from US$0.67 in 3Q 2022). Revenue: US$2.43b (up 21% from 3Q 2022). Net income: US$380.4m (up 28% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Independent Non-Executive Director Renata Ribeiro was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 11
Britishvolt in Talks to Sell Majority Stake Power by Britishvolt Limited (Britishvolt) is in talks to sell a majority stake to a consortium of investors for more than £150 million, offering a potential lifeline to the troubled UK battery manufacturer. The potential buyers, led by an international pension fund, have made an offer to Britishvolt’s existing shareholders, which include Glencore plc (LSE:GLEN) and Ashtead Group plc (LSE:AHT) as well as its founders, to take control of the business, according to several people. Shareholders have until January 13, 2023 to approve the offer, according to two people, but some have objected to a deal they believe undervalues the company and dilutes current investors. The new investors are proposing to put in £30 million upfront and a further £128 million over the year, which would give Britishvolt time to secure the much-needed orders from carmakers for its technology, according to the people with knowledge of the discussions. The funding would also allow the business to make further developments to its prototype battery cells, which it must do to convince carmakers to buy its batteries. The company has development agreements with Aston Martin and Lotus but has yet to announce any public deals to sell its technology to manufacturers. The company said on January 9, 2023 it was “in discussions with a consortium of investors concerning the potential majority sale of the company”. The consortium that is looking to invest also provided money to the business late in 2022, according to two people. “The discussions aim to secure legally binding terms that would provide Britishvolt with the long-term sustainability and funding necessary to enable it to pursue its current plans to build a strong and viable battery cell R&D and manufacturing business in the UK,” the company added. Britishvolt declined to name the investors involved. The “two parties will provide further details at the appropriate time and have nothing further to add at this stage”, it said. Upcoming Dividend • Jan 05
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 12 January 2023. Payment date: 09 February 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.8%). Buying Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €72.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 5.2% per annum over the same time period. Announcement • Dec 09
Ashtead Group plc to Report Q4, 2023 Results on Jun 13, 2023 Ashtead Group plc announced that they will report Q4, 2023 results on Jun 13, 2023 Reported Earnings • Dec 07
Second quarter 2023 earnings released: EPS: US$1.13 (vs US$0.80 in 2Q 2022) Second quarter 2023 results: EPS: US$1.13 (up from US$0.80 in 2Q 2022). Revenue: US$2.54b (up 25% from 2Q 2022). Net income: US$495.4m (up 40% from 2Q 2022). Profit margin: 20% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €41.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Trade Distributors industry in Europe. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.43 per share. Reported Earnings • Sep 07
First quarter 2023 earnings released: EPS: US$0.90 (vs US$0.68 in 1Q 2022) First quarter 2023 results: EPS: US$0.90 (up from US$0.68 in 1Q 2022). Revenue: US$2.26b (up 22% from 1Q 2022). Net income: US$395.8m (up 30% from 1Q 2022). Profit margin: 18% (up from 16% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.68 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.6%). Reported Earnings • Jul 21
Full year 2022 earnings released: EPS: US$2.81 (vs US$2.05 in FY 2021) Full year 2022 results: EPS: US$2.81 (up from US$2.05 in FY 2021). Revenue: US$7.96b (up 20% from FY 2021). Net income: US$1.25b (up 36% from FY 2021). Profit margin: 16% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.9%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 29
Ashtead Group plc to Report Q3, 2023 Results on Mar 07, 2023 Ashtead Group plc announced that they will report Q3, 2023 results on Mar 07, 2023 Reported Earnings • Jun 15
Full year 2022 earnings released: EPS: US$2.81 (vs US$2.15 in FY 2021) Full year 2022 results: EPS: US$2.81 (up from US$2.15 in FY 2021). Revenue: US$7.96b (up 15% from FY 2021). Net income: US$1.25b (up 30% from FY 2021). Profit margin: 16% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.4%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 15% share price gain to €65.66, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 207% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €27.50 per share. Reported Earnings • Mar 09
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: US$0.67 (up from US$0.48 in 3Q 2021). Revenue: US$2.00b (up 23% from 3Q 2021). Net income: US$297.4m (up 38% from 3Q 2021). Profit margin: 15% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 5.7%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jan 06
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 13 January 2022. Payment date: 10 February 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.2%). Reported Earnings • Dec 09
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: US$0.80 (up from US$0.67 in 2Q 2021). Revenue: US$2.03b (up 16% from 2Q 2021). Net income: US$354.5m (up 19% from 2Q 2021). Profit margin: 17% (in line with 2Q 2021). Revenue exceeded analyst estimates by 33%. Over the next year, revenue is forecast to grow 4.8%, compared to a 6.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. Reported Earnings • Sep 17
First quarter 2022 earnings released: EPS UK£0.68 (vs UK£0.40 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: UK£1.85b (up 23% from 1Q 2021). Net income: UK£304.2m (up 70% from 1Q 2021). Profit margin: 16% (up from 12% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 12
Upcoming dividend of UK£0.35 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 21 September 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.2%). Reported Earnings • Jul 24
Full year 2021 earnings released: EPS UK£1.56 (vs UK£1.62 in FY 2020) The company reported a soft full year result with weaker earnings, although revenues and profit margins were flat. Full year 2021 results: Revenue: UK£5.03b (flat on FY 2020). Net income: UK£697.4m (down 5.7% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jul 08
CEO & Executive Director recently sold €3.6m worth of stock On the 6th of July, Brendan Horgan sold around 57k shares on-market at roughly €63.55 per share. This was the largest sale by an insider in the last 3 months. This was Brendan's only on-market trade for the last 12 months. Reported Earnings • Jun 16
Full year 2021 earnings released: EPS UK£1.56 (vs UK£1.62 in FY 2020) The company reported a soft full year result with weaker earnings, although revenues and profit margins were flat. Full year 2021 results: Revenue: UK£5.03b (flat on FY 2020). Net income: UK£697.4m (down 5.7% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Announcement • May 05
Ashtead Group plc (LSE:AHT) announces an Equity Buyback for £1,000 million worth of its shares. Ashtead Group plc (LSE:AHT) announces a share repurchase program. Under the program, the company will repurchase will repurchase a maximum of £1,000 million worth of shares. The purpose of repurchase program is to reduce the company's share capital. The shares will be purchased at a maximum price to be limited to be no more than the lower of 105 per cent of the average middle market closing price of the company's ordinary shares for the five business days before the purchase is made and the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out. The repurchase program is valid till 28 April 2023. Reported Earnings • Mar 04
Third quarter 2021 earnings released: EPS UK£0.36 (vs UK£0.37 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: UK£1.21b (down 3.3% from 3Q 2020). Net income: UK£160.1m (down 4.5% from 3Q 2020). Profit margin: 13% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue misses expectations Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 1.9%, compared to a 4.8% growth forecast for the Trade Distributors industry in Germany. Is New 90 Day High Low • Feb 16
New 90-day high: €45.60 The company is up 28% from its price of €35.64 on 18 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.38 per share. Is New 90 Day High Low • Jan 20
New 90-day high: €41.80 The company is up 30% from its price of €32.09 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.72 per share. Is New 90 Day High Low • Dec 31
New 90-day high: €38.63 The company is up 25% from its price of €31.01 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €39.72 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €36.62 The company is up 14% from its price of €32.03 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €38.57 per share. Reported Earnings • Dec 09
Second quarter 2021 earnings released: EPS UK£0.52 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: UK£1.35b (down 3.7% from 2Q 2020). Net income: UK£231.0m (down 13% from 2Q 2020). Profit margin: 17% (down from 19% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Dec 09
Revenue beats expectations Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to stay flat compared to a 3.2% growth forecast for the Trade Distributors industry in Germany. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 15% share price gain to UK£35.91, the stock is trading at a trailing P/E ratio of 22x, up from the previous P/E ratio of 19.1x. This compares to an average P/E of 22x in the Trade Distributors industry in Germany. Total returns to shareholders over the past three years are 79%. Is New 90 Day High Low • Nov 07
New 90-day high: €34.90 The company is up 22% from its price of €28.57 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.58 per share. Is New 90 Day High Low • Oct 08
New 90-day high: €32.54 The company is up 14% from its price of €28.66 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.01 per share. Announcement • Jul 26
Ashtead Group plc to Report Q3, 2021 Results on Mar 02, 2021 Ashtead Group plc announced that they will report Q3, 2021 results on Mar 02, 2021 