Ashtead Group
Market Cap
UK£21.2b
Last Updated
2021/05/12 01:28 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Snowflake Analysis
Adequate balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Ashtead Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AHT is less volatile than 75% 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.
Market Performance
7 Day Return
-0.4%
AHT
2.8%
GB Trade Distributors
2.4%
GB Market
1 Year Return
114.8%
AHT
67.4%
GB Trade Distributors
25.6%
GB Market
Return vs Industry: AHT exceeded the UK Trade Distributors industry which returned 67.4% over the past year.
Return vs Market: AHT exceeded the UK Market which returned 25.6% over the past year.
Shareholder returns
| AHT | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 2.8% | 2.4% |
| 30 Day | 4.2% | 2.4% | 3.4% |
| 90 Day | 21.2% | 13.2% | 9.1% |
| 1 Year | 117.8%114.8% | 72.8%67.4% | 31.1%25.6% |
| 3 Year | 117.8%107.5% | 69.3%54.4% | 13.0%-0.03% |
| 5 Year | 435.0%392.0% | 138.9%106.3% | 51.0%22.4% |
Long-Term Price Volatility Vs. Market
How volatile is Ashtead Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Shareholders of Ashtead Group (LON:AHT) Must Be Delighted With Their 471% Total Return4 weeks ago | Simply Wall St
Returns On Capital At Ashtead Group (LON:AHT) Have Stalled1 month ago | Simply Wall St
Ashtead Group plc (LON:AHT) Has A ROE Of 20%Valuation
Is Ashtead Group undervalued compared to its fair value and its price relative to the market?
34.6x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AHT (£47.31) is trading above our estimate of fair value (£32.35)
Significantly Below Fair Value: AHT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AHT is poor value based on its PE Ratio (34.6x) compared to the UK Trade Distributors industry average (27.5x).
PE vs Market: AHT is poor value based on its PE Ratio (34.6x) compared to the UK market (26.4x).
Price to Earnings Growth Ratio
PEG Ratio: AHT is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: AHT is overvalued based on its PB Ratio (6.8x) compared to the GB Trade Distributors industry average (2x).
Future Growth
How is Ashtead Group forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
14.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AHT's forecast earnings growth (14.4% per year) is above the savings rate (0.9%).
Earnings vs Market: AHT's earnings (14.4% per year) are forecast to grow slower than the UK market (17.4% per year).
High Growth Earnings: AHT's earnings are forecast to grow, but not significantly.
Revenue vs Market: AHT's revenue (6.7% per year) is forecast to grow faster than the UK market (5.2% per year).
High Growth Revenue: AHT's revenue (6.7% 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 (24.7%)
Past Performance
How has Ashtead Group performed over the past 5 years?
10.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AHT has high quality earnings.
Growing Profit Margin: AHT's current net profit margins (12.5%) are lower than last year (16.2%).
Past Earnings Growth Analysis
Earnings Trend: AHT's earnings have grown by 10% per year over the past 5 years.
Accelerating Growth: AHT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AHT had negative earnings growth (-24.8%) over the past year, making it difficult to compare to the Trade Distributors industry average (-22.6%).
Return on Equity
High ROE: AHT's Return on Equity (19.6%) is considered low.
Financial Health
How is Ashtead Group's financial position?
Financial Position Analysis
Short Term Liabilities: AHT's short term assets (£908.4M) exceed its short term liabilities (£741.4M).
Long Term Liabilities: AHT's short term assets (£908.4M) do not cover its long term liabilities (£5.3B).
Debt to Equity History and Analysis
Debt Level: AHT's debt to equity ratio (101.7%) is considered high.
Reducing Debt: AHT's debt to equity ratio has reduced from 151.8% to 101.7% over the past 5 years.
Debt Coverage: AHT's debt is well covered by operating cash flow (49.4%).
Interest Coverage: AHT's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Dividend
What is Ashtead Group current dividend yield, its reliability and sustainability?
0.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AHT's dividend (0.86%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.36%).
High Dividend: AHT's dividend (0.86%) is low compared to the top 25% of dividend payers in the UK market (4.02%).
Stability and Growth of Payments
Stable Dividend: AHT's dividends per share have been stable in the past 10 years.
Growing Dividend: AHT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.7%), AHT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AHT's dividends in 3 years are forecast to be well covered by earnings (24.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average board tenure
CEO
Brendan Horgan (46 yo)
2yrs
Tenure
UK£2,956,000
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 ($USD4.18M) is about average for companies of similar size in the UK market ($USD3.62M).
Compensation vs Earnings: Brendan's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: AHT's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Ashtead Group plc's company bio, 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
- Market Cap: UK£21.183b
- Shares outstanding: 447.75m
- Website: https://www.ashtead-group.com
Number of Employees
Location
- Ashtead Group plc
- 100 Cheapside
- London
- Greater London
- EC2V 6DT
- United Kingdom
Listings
Biography
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 pr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/12 01:28 |
| End of Day Share Price | 2021/05/11 00:00 |
| Earnings | 2021/01/31 |
| Annual Earnings | 2020/04/30 |
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.