Ashtead Group plc

DB:0LC Stock Report

Market Cap: €26.1b

Ashtead Group Valuation

Is 0LC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0LC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0LC (€60) is trading above our estimate of fair value (€47.25)

Significantly Below Fair Value: 0LC is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0LC?

Key metric: As 0LC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0LC. This is calculated by dividing 0LC's market cap by their current earnings.
What is 0LC's PE Ratio?
PE Ratio17.5x
EarningsUS$1.55b
Market CapUS$27.12b

Price to Earnings Ratio vs Peers

How does 0LC's PE Ratio compare to its peers?

The above table shows the PE ratio for 0LC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
BNR Brenntag
15.2x15.9%€8.3b
RHM Rheinmetall
39.3x29.9%€26.9b
DTG Daimler Truck Holding
8.6x12.9%€28.8b
MTX MTU Aero Engines
24.1x11.5%€17.1b
0LC Ashtead Group
17.5x1.8%€21.6b

Price-To-Earnings vs Peers: 0LC is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (21.8x).

Price to Earnings Ratio vs Industry

How does 0LC's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0LC 17.5xIndustry Avg. 14.3xNo. of Companies10PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0LC is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the European Trade Distributors industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0LC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0LC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.5x
Fair PE Ratio17.3x

Price-To-Earnings vs Fair Ratio: 0LC is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the estimated Fair Price-To-Earnings Ratio (17.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0LC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€60.00
€76.91
+28.2%
11.2%€96.46€54.86n/a19
Dec ’25€75.50
€77.54
+2.7%
11.8%€96.62€58.57n/a19
Nov ’25€68.50
€76.23
+11.3%
11.9%€96.21€58.33n/a19
Oct ’25€69.00
€75.67
+9.7%
12.3%€95.98€58.19n/a19
Sep ’25€62.50
€74.07
+18.5%
12.1%€99.71€56.98n/a18
Aug ’25€65.50
€74.07
+13.1%
12.1%€99.71€56.98n/a18
Jul ’25€62.50
€73.81
+18.1%
11.6%€96.56€56.52n/a19
Jun ’25€65.50
€74.01
+13.0%
9.6%€86.93€59.33n/a20
May ’25€69.00
€72.81
+5.5%
9.1%€86.47€59.01n/a20
Apr ’25€65.50
€70.65
+7.9%
11.8%€86.44€53.15n/a20
Mar ’25€69.00
€70.91
+2.8%
13.9%€95.94€53.23n/a20
Feb ’25€60.50
€71.05
+17.4%
14.1%€96.23€53.40n/a20
Jan ’25€61.00
€69.95
+14.7%
13.6%€94.34€52.35n/a19
Dec ’24€54.50
€71.51
+31.2%
15.7%€107.51€56.68€75.5018
Nov ’24€54.50
€75.69
+38.9%
15.1%€108.52€50.22€68.5018
Oct ’24€57.50
€74.53
+29.6%
15.7%€108.12€50.03€69.0019
Sep ’24€64.00
€75.13
+17.4%
17.4%€118.21€50.42€62.5019
Aug ’24€66.50
€74.82
+12.5%
17.9%€117.91€50.28€65.5018
Jul ’24€62.50
€74.90
+19.8%
15.9%€109.40€50.62€62.5018
Jun ’24€55.50
€71.67
+29.1%
15.8%€106.72€49.39€65.5020
May ’24€51.50
€72.02
+39.8%
16.3%€107.42€49.71€69.0019
Apr ’24€55.50
€70.95
+27.8%
16.7%€106.19€49.14€65.5018
Mar ’24€62.50
€68.57
+9.7%
18.1%€107.55€49.25€69.0018
Feb ’24€61.00
€68.72
+12.6%
18.3%€108.33€49.60€60.5018
Jan ’24€54.00
€69.93
+29.5%
18.3%€110.45€50.57€61.0018
Dec ’23€57.50
€64.35
+11.9%
21.1%€107.69€45.34€54.5018

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 00:32
End of Day Share Price 2024/12/23 00:00
Earnings2024/10/31
Annual Earnings2024/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ashtead Group plc is covered by 45 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Geoff AllumArden Partners Plc.
Jane SparrowBarclays
James RosenthalBarclays