Announcement • Jul 15
Ashtead Technology Holdings Plc to Report First Half, 2026 Results on Sep 01, 2026 Ashtead Technology Holdings Plc announced that they will report first half, 2026 results on Sep 01, 2026 Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €4.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.15 per share. Announcement • Feb 23
Ashtead Technology Holdings Plc to Report Fiscal Year 2025 Results on Mar 17, 2026 Ashtead Technology Holdings Plc announced that they will report fiscal year 2025 results on Mar 17, 2026 Announcement • Jan 19
Ashtead Technology Holdings plc Provides Earnings Guidance for the Year Ended 31 December 2025 Ashtead Technology Holdings Plc provided earnings guidance for the year ended 31 December 2025. For the year, the revenue is expected to be approximately £203 million (2024: £168 million), with second half revenues c. 5% higher than the first half. This performance represents a year-on-year increase of c. 21%, including organic growth of 3%. Recent Insider Transactions • Jan 08
Board Member recently bought €105k worth of stock On the 2nd of January, Anthony Richard Durrant bought around 30k shares on-market at roughly €3.51 per share. This transaction increased Anthony Richard's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €318k more in shares than they have sold in the last 12 months. Announcement • Mar 17
Ashtead Technology Holdings Plc to Report Fiscal Year 2024 Results on Mar 25, 2025 Ashtead Technology Holdings Plc announced that they will report fiscal year 2024 results on Mar 25, 2025 Announcement • Jan 20
Ashtead Technology Holdings plc Announces the Appointment of Kristin Færøvik as Non-Executive Director and to Join Audit, Remuneration and Nomination Committees Ashtead Technology Holdings plc announced the appointment of Kristin Færøvik as Non-Executive Director effective immediately. Kristin brings more than 30 years' experience in the global energy sector including executive roles with BP, Marathon Oil, Worley and Lundin Energy. Starting her Non-Executive Director career in 2011, Kristin currently serves on a number of Boards including Kongsberg Group and Shearwater Geoservices. In addition to joining the Board, Ms. Færøvik will also join the Audit, Remuneration and Nomination Committees. In accordance with Schedule 2 (g) of the AIM Rules for Companies, Kristin Færøvik (aged 62 years) holds/has held the following directorships/partnerships in the last five years: Current directorships/partnerships - Bluenord ASA, Bunker Holding A/S, Edge Navigation AS, Fiona IV AS, Hafslund AS, Kongsberg Gruppen ASA and Shearwater Geoservices Holding AS. Previous directorships/partnerships (last five years): Lundin Energy Norway AS, Leikanger Kraft AS, Moreld AS and Sval Energi AS. Kristin Færøvik currently holds no ordinary shares in the Company. Announcement • Nov 26
Ashtead Technology Holdings Plc (AIM:AT.) completed the acquisition of Seascan Limited and J2 Subsea Limited from Acteon Group Operations (UK) Limited. Ashtead Technology Holdings Plc (AIM:AT.) agreed to acquire Seascan Limited and J2 Subsea Limited from Acteon Group Operations (UK) Limited for £63 million on October 24, 2024. The Acquisition will be funded by a £70m increase in the Group's revolving credit facility. For the trailing 12 months to September 2024, Seatronics and J2 generated revenues of £51.5 million, adjusted EBITDA of £12.1 million and adjusted EBITA of £9.0 million. As at 31 December 2023, Seatronics and J2 reported aggregated gross assets of £31.5 million. The completion of the Acquisition is subject to customary closing conditions including: (i) the approval of the Competition and Markets Authority; and (ii) certain business continuity conditions applicable in favour of Ashtead Technology during the intervening period.
Numis Securities Limited acted as financial advisor for Ashtead Technology Holdings Plc. Ruth Buchanan, Christopher Bates, Nicholas Gardner, Jack Haile, Duncan Liddell, Dallan Pitman of Ashurst LLP acted as legal advisor to Ashtead Technology Holdings Plc.
Ashtead Technology Holdings Plc (AIM:AT.) completed the acquisition of Seascan Limited and J2 Subsea Limited from Acteon Group Operations (UK) Limited on November 26, 2024. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Trade Distributors industry in Europe. Total returns to shareholders of 44% over the past year. Announcement • Aug 19
Ashtead Technology Holdings Plc to Report First Half, 2024 Results on Sep 02, 2024 Ashtead Technology Holdings Plc announced that they will report first half, 2024 results on Sep 02, 2024 Buy Or Sell Opportunity • Jul 18
Now 23% undervalued Over the last 90 days, the stock has risen 20% to €10.00. The fair value is estimated to be €12.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Buy Or Sell Opportunity • Jun 03
Now 21% undervalued Over the last 90 days, the stock has risen 12% to €9.40. The fair value is estimated to be €11.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. New Risk • Jun 03
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.5m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (60% net debt to equity). Share price has been volatile over the past 3 months (7.6% average weekly change). Significant insider selling over the past 3 months (€2.5m sold). Upcoming Dividend • Apr 25
Upcoming dividend of UK£0.011 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.2%). Announcement • Apr 17
Ashtead Technology Holdings plc Recommends Full and Final Dividend for the Year Ended 31 December 2023, Payable on 3 June 2024 The Board of Ashtead Technology Holdings Plc has recommended a full and final dividend of 1.1 pence per share for the year ended 31 December 2023, payable on 3 June 2024 to shareholders based on an ex-dividend date of 2 May 2024 and record date of 3 May 2024. Announcement • Apr 16
Ashtead Technology Holdings Plc, Annual General Meeting, May 30, 2024 Ashtead Technology Holdings Plc, Annual General Meeting, May 30, 2024. Agenda: To consider and approve a final dividend of 1.1p per share. Announcement • Apr 09
Ashtead Technology Holdings Plc to Report Fiscal Year 2023 Results on Apr 16, 2024 Ashtead Technology Holdings Plc announced that they will report fiscal year 2023 results on Apr 16, 2024 Announcement • Mar 20
Ashtead Technology Holdings plc Appoints Jean Cahuzac as A Non-Executive Director Ashtead Technology Holdings plc announced the appointment of Jean Cahuzac as a Non-Executive Director of the Group effective immediately. Jean Cahuzac has held senior executive roles in the subsea services sector spanning a period of 40 years. He was appointed Chief Executive Officer of Acergy S.A. in 2008 and in 2011, post-merger, became the Chief Executive Officer of Subsea 7 S.A., a position he held until his retirement in December 2019. Previously, Jean held senior executive roles in Transocean and Schlumberger Sedco Forex. Since retiring from Subsea 7 as the CEO he has remained very active in the sector and in addition to remaining on the board of Subsea 7 as a non-executive director, he also holds non-executive board positions in Bourbon and Seadrill. In addition, Jean currently serves as Chair of Evolen. Buy Or Sell Opportunity • Mar 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €8.10. The fair value is estimated to be €6.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last year. Earnings per share has grown by 131%. Revenue is forecast to grow by 87% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Buy Or Sell Opportunity • Jan 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to €7.30. The fair value is estimated to be €6.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last year. Earnings per share has grown by 131%. Revenue is forecast to grow by 86% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. Announcement • Dec 19
Ashtead Technology Holdings plc Announces Resignation of Joe Connolly as Non-Executive Director Ashtead Technology Holdings Plc announced that Joe Connolly has stepped down from his position as a Non-Executive Director of the Group with effect from 18 December 2023. Joe joined the Board of Ashtead Technology in 2016 when Buckthorn Partners LLP ("Buckthorn Partners") acquired the business and remained on the Board following the Company's IPO on AIM in 2021. Following Buckthorn Partners' full exit from its investment in Ashtead Technology earlier this year, Joe has now stepped down to focus on other Buckthorn Partners' investments. Recent Insider Transactions • Dec 08
CEO & Executive Director recently sold €2.8m worth of stock On the 6th of December, Allan Pirie sold around 400k shares on-market at roughly €6.95 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Allan's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €6.30, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Trade Distributors industry in Europe. Total returns to shareholders of 88% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.36 per share. Announcement • Nov 30
Ashtead Technology Holdings Plc (AIM:AT.) acquired founders Alfred Cheyne Engineering Limited from Alfie and Valerie Cheyne for £53.5 million. Ashtead Technology Holdings Plc (AIM:AT.) acquired founders Alfred Cheyne Engineering Limited from Alfie and Valerie Cheyne for £53.5 million on November 30, 2023. ACE Winches will form part of the Group's enlarged Mechanical Solutions offering, a core area of focus for inorganic expansion. Gary Wilson, current Chief Commercial Officer at ACE Winches will run the day to day operations reporting to Ashtead Technology management with founder, Alfie Cheyne, remaining with the business as an advisor for 12 months to provide strategic and commercial input through a handover and integration period. The Transaction will be funded through drawing on the Group's revolving credit facility. Numis Securities Limited acted as financial advisor to Ashtead in this transaction.
Ashtead Technology Holdings Plc (AIM:AT.) completed the acquisition of founders Alfred Cheyne Engineering Limited from Alfie and Valerie Cheyne on November 30, 2023. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €5.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Trade Distributors industry in Europe. Total returns to shareholders of 107% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.77 per share. Board Change • Sep 18
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CFO, Company Secretary & Executive Director Ingrid Stewart is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 07
First half 2023 earnings released: EPS: UK£0.13 (vs UK£0.074 in 1H 2022) First half 2023 results: EPS: UK£0.13 (up from UK£0.074 in 1H 2022). Revenue: UK£49.8m (up 57% from 1H 2022). Net income: UK£10.4m (up 77% from 1H 2022). Profit margin: 21% (up from 19% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Trade Distributors industry in Europe. Announcement • Aug 25
Ashtead Technology Holdings Plc to Report First Half, 2023 Results on Sep 04, 2023 Ashtead Technology Holdings Plc announced that they will report first half, 2023 results on Sep 04, 2023 Announcement • Jun 09
Ashtead Technology Holdings Plc, Annual General Meeting, Jun 08, 2023 Ashtead Technology Holdings Plc, Annual General Meeting, Jun 08, 2023. Board Change • May 17
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CFO, Company Secretary & Executive Director Ingrid Stewart is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 06
Ashtead Technology Holdings plc Proposes Final Dividend, Payable on 23 June 2023 The Board of Ashtead Technology Holdings Plc proposed a final dividend of 1.0p per share, which if approved at the Annual General Meeting to be held on 8 June 2023, will be paid on 23 June 2023 with a record date of 26 May 2023. The shares will become ex-dividend on 25 May 2023. No interim dividend was paid in 2022. Reported Earnings • May 03
Full year 2022 earnings released: EPS: UK£0.16 (vs UK£0.036 in FY 2021) Full year 2022 results: EPS: UK£0.16 (up from UK£0.036 in FY 2021). Revenue: UK£73.1m (up 31% from FY 2021). Net income: UK£12.7m (up 401% from FY 2021). Profit margin: 17% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Trade Distributors industry in Europe. Buying Opportunity • Apr 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.2%. The fair value is estimated to be €4.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 790%. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 155% in the next 2 years. Buying Opportunity • Feb 23
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be €4.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 790%. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 155% in the next 2 years. Buying Opportunity • Feb 07
Now 20% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be €4.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 790%. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 155% in the next 2 years. Buying Opportunity • Jan 18
Now 21% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be €4.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 790%. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 155% in the next 2 years. Announcement • Jan 16
Ashtead Technology Holdings plc Provides Earnings Guidance for the Year 2022 Ashtead Technology Holdings Plc provided earnings guidance for the year 2022. For the period, the company's revenues are expected to be approximately £72.5m, up c.30% on the prior year on a reported basis. Buying Opportunity • Dec 08
Now 20% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be €4.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 790%. Revenue is forecast to grow by 40% in 2 years. Earnings is forecast to grow by 138% in the next 2 years. Announcement • Dec 07
Ashtead Technology Holdings Plc (AIM:AT.) acquired 100% stake in Hiretech Limited for £20 million. Ashtead Technology Holdings Plc (AIM:AT.) acquired 100% stake in Hiretech Limited for £20 million on December 6, 2022. Ashtead Technology has increased the revolving credit facility by £20 million from £40 million to £60 million in order to fund this acqisition. Hiretech generated revenues of £6.5 million, EBITDA of £4.1 million and EBITA of £3.4 million for the twelve-month period to October 2022.
Ashtead Technology Holdings Plc (AIM:AT.) completed the acquisition of 100% stake in Hiretech Limited for £20 million on December 6, 2022. Board Change • Nov 23
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CFO, Company Secretary & Executive Director Ingrid Stewart is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 21% share price gain to €3.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Trade Distributors industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €3.00 per share. Announcement • Nov 10
Ashtead Technology Holdings Plc has completed a Follow-on Equity Offering in the amount of £12.462863 million. Ashtead Technology Holdings Plc has completed a Follow-on Equity Offering in the amount of £12.462863 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,793,409
Price\Range: £2.6
Transaction Features: Subsequent Direct Listing Announcement • Sep 29
Ashtead Technology Holdings Plc (AIM:AT.) completed the acquisition of WeSubsea AS. Ashtead Technology Holdings Plc (AIM:AT.) signed a sale and purchase agreement to acquire the entire share capital of WeSubsea AS for NOK 65 million on September 5, 2022. The Consideration will be paid in cash on the date of completion. The business generated revenues of NOK 22 million , Adjusted EBITDA of NOK 12.7 million and Adjusted EBITA of 10.4 million in FY21. The purchase is expected to be earnings enhancing and exceed the Company's cost of capital in its first full year of ownership. The transaction is expected to be during Q4 of 2022. Julian Cater, George Price, Jonny Abbott and Kevin Cruickshank (QE) of Numis Securities Limited acted as financial advisor to Ashtead Technology Holdings Plc.
Ashtead Technology Holdings Plc (AIM:AT.) completed the acquisition of WeSubsea AS on September 28, 2022. Buying Opportunity • Sep 13
Now 21% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be €3.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 790%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 115% in the next 2 years. Reported Earnings • Sep 08
First half 2022 earnings released First half 2022 results: EPS: UK£0.074. Net income: UK£5.90m (up UK£5.90m from 1H 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Trade Distributors industry in Europe. Announcement • Sep 07
Ashtead Technology Holdings Plc (AIM:AT.) signed a sale and purchase agreement to acquire the entire share capital of WeSubsea AS for NOK 65 million. Ashtead Technology Holdings Plc (AIM:AT.) signed a sale and purchase agreement to acquire the entire share capital of WeSubsea AS for NOK 65 million on September 5, 2022. The Consideration will be paid in cash on the date of completion. The business generated revenues of NOK 22 million , Adjusted EBITDA of NOK 12.7 million and Adjusted EBITA of 10.4 million in FY21. The purchase is expected to be earnings enhancing and exceed the Company's cost of capital in its first full year of ownership. The transaction is expected to be during Q4 of 2022. Announcement • Jun 30
Ashtead Technology Holdings plc Provides Earnings Guidance for the First Half of 2022 Ashtead Technology Holdings Plc provided earnings guidance for the first half of 2022. The Group has made an excellent start to the year as the industry benefits from an increased focus on energy transition and energy security which continues to drive utilisation and pricing. Revenues for the seasonally weaker first half of 2022 are expected to be no less than £31 million, representing growth of at least 25% on the first half of 2021, which was still impacted by the Covid pandemic. The EBITA margin for the period is expected to be higher than the prior year and in line with the Board's expectations. Announcement • Jan 18
Ashtead Technology Holdings Plc Provides Revenue Guidance for the Year Ended 31 December 2021 Ashtead Technology Holdings Plc provided revenue guidance for the year ended 31 December 2021. For the year, the company strongly throughout the year, benefitting from improving market conditions across both the Company's offshore wind and oil and gas end markets. Unaudited full year revenues are expected to be approximately £55 million, up 30% on the prior year and ahead of the Board's previous guidance. This outperformance was driven by both equipment rental and a higher than anticipated level of new equipment sales in the fourth quarter, driven by customer demand. Equipment rental has seen improved utilisation, and a recovery in pricing from the prior year impact of COVID-19. 
