| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
AHT Stock Overview
Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada.
Ashtead Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£51.32 |
| 52 Week High | UK£65.72 |
| 52 Week Low | UK£34.98 |
| Beta | 1.35 |
| 1 Month Change | -14.52% |
| 3 Month Change | -12.45% |
| 1 Year Change | 33.93% |
| 3 Year Change | 167.01% |
| 5 Year Change | 213.12% |
| Change since IPO | 19,025.49% |
Recent News & Updates
Is Ashtead Group (LON:AHT) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Ashtead Group (LON:AHT) Has More To Do To Multiply In Value Going Forward
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Are Investors Undervaluing Ashtead Group plc (LON:AHT) By 22%?
Does the October share price for Ashtead Group plc ( LON:AHT ) reflect what it's really worth? Today, we will estimate...
Shareholder Returns
| AHT | GB Trade Distributors | GB Market | |
|---|---|---|---|
| 7D | -9.9% | -5.1% | -1.3% |
| 1Y | 33.9% | 24.4% | 7.8% |
Return vs Industry: AHT exceeded the UK Trade Distributors industry which returned 26.3% over the past year.
Return vs Market: AHT exceeded the UK Market which returned 8.7% over the past year.
Price Volatility
| AHT volatility | |
|---|---|
| AHT Average Weekly Movement | 4.4% |
| Trade Distributors Industry Average Movement | 4.1% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.8% |
| 10% least volatile stocks in GB Market | 2.5% |
Stable Share Price: AHT is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AHT's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1947 | 20,140 | Brendan Horgan | https://www.ashtead-group.com |
Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It offers range of products and services, such as general tools, air compressors and accessories, compaction and earth moving, climate control services, power and HVAC, pump solutions, remediation and restoration, flooring solutions, and lighting and grip. The company also provides power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.
Ashtead Group Fundamentals Summary
| AHT fundamental statistics | |
|---|---|
| Market Cap | US$30.92b |
| Earnings (TTM) | US$1.14b |
| Revenue (TTM) | US$7.51b |
27.2x
P/E Ratio4.1x
P/S RatioIs AHT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AHT income statement (TTM) | |
|---|---|
| Revenue | US$7.51b |
| Cost of Revenue | US$315.10m |
| Gross Profit | US$7.20b |
| Expenses | US$6.06b |
| Earnings | US$1.14b |
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
Mar 08, 2022
| Earnings per share (EPS) | 2.56 |
| Gross Margin | 95.80% |
| Net Profit Margin | 15.12% |
| Debt/Equity Ratio | 98.4% |
How did AHT perform over the long term?
See historical performance and comparisonDividends
0.7%
Current Dividend Yield24%
Payout RatioValuation
Is Ashtead Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AHT (£51.32) is trading below our estimate of fair value (£157.81)
Significantly Below Fair Value: AHT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AHT is poor value based on its PE Ratio (27.2x) compared to the UK Trade Distributors industry average (20.9x).
PE vs Market: AHT is poor value based on its PE Ratio (27.2x) compared to the UK market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: AHT is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: AHT is overvalued based on its PB Ratio (6.5x) compared to the GB Trade Distributors industry average (1.8x).
Future Growth
How is Ashtead Group forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
12.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AHT's forecast earnings growth (12.2% per year) is above the savings rate (0.9%).
Earnings vs Market: AHT's earnings (12.2% per year) are forecast to grow faster than the UK market (12.1% per year).
High Growth Earnings: AHT's earnings are forecast to grow, but not significantly.
Revenue vs Market: AHT's revenue (9.2% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: AHT's revenue (9.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AHT's Return on Equity is forecast to be high in 3 years time (26.6%)
Past Performance
How has Ashtead Group performed over the past 5 years?
4.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AHT has high quality earnings.
Growing Profit Margin: AHT's current net profit margins (15.1%) are higher than last year (12.6%).
Past Earnings Growth Analysis
Earnings Trend: AHT's earnings have grown by 4.3% per year over the past 5 years.
Accelerating Growth: AHT's earnings growth over the past year (42.6%) exceeds its 5-year average (4.3% per year).
Earnings vs Industry: AHT earnings growth over the past year (42.6%) underperformed the Trade Distributors industry 44.2%.
Return on Equity
High ROE: AHT's Return on Equity (23.9%) is considered high.
Financial Health
How is Ashtead Group's financial position?
Financial Position Analysis
Short Term Liabilities: AHT's short term assets ($1.6B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: AHT's short term assets ($1.6B) do not cover its long term liabilities ($8.0B).
Debt to Equity History and Analysis
Debt Level: AHT's net debt to equity ratio (98.1%) is considered high.
Reducing Debt: AHT's debt to equity ratio has reduced from 145.4% to 98.4% over the past 5 years.
Debt Coverage: AHT's debt is well covered by operating cash flow (32.2%).
Interest Coverage: AHT's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
Dividend
What is Ashtead Group current dividend yield, its reliability and sustainability?
0.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AHT's dividend (0.68%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.37%).
High Dividend: AHT's dividend (0.68%) is low compared to the top 25% of dividend payers in the UK market (4.04%).
Stability and Growth of Payments
Stable Dividend: AHT is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: AHT is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: AHT is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AHT's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average board tenure
CEO
Brendan Horgan (47 yo)
2.67yrs
Tenure
US$6,328,135
Compensation
Mr. Brendan Horgan has been Chief Executive Officer of Ashtead Group plc since May 1, 2019. Mr. Horgan served as the Group Chief Operating Officer of Ashtead Group plc since January 1, 2018 until May 1, 20...
CEO Compensation Analysis
Compensation vs Market: Brendan's total compensation ($USD6.33M) is above average for companies of similar size in the UK market ($USD3.96M).
Compensation vs Earnings: Brendan's compensation has increased by more than 20% in the past year.
Board Members
Experienced Board: AHT's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AHT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Ashtead Group plc's employee growth, exchange listings and data sources
Key Information
- Name: Ashtead Group plc
- Ticker: AHT
- Exchange: LSE
- Founded: 1947
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Implied Market Cap: UK£22.801b
- Shares outstanding: 444.30m
- Website: https://www.ashtead-group.com
Number of Employees
Location
- Ashtead Group plc
- 100 Cheapside
- London
- Greater London
- EC2V 6DT
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 21:16 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/10/31 |
| Annual Earnings | 2021/04/30 |
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.