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AHT

Ashtead GroupLSE:AHT Stock Report

Last Price

UK£51.32

Market Cap

UK£22.8b

7D

-9.9%

1Y

33.9%

Updated

23 Jan, 2022

Data

Company Financials +
AHT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance5/6
Financial Health4/6
Dividends0/6

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

HSS Hire Group

AIM:HSS

UK£114.9m

Deere

NYSE:DE

US$112.3b

Atlas Copco

OM:ATCO A

kr672.8b

Fastenal

NasdaqGS:FAST

US$32.5b

Price History & Performance

Summary of all time highs, changes and price drops for Ashtead Group
Historical stock prices
Current Share PriceUK£51.32
52 Week HighUK£65.72
52 Week LowUK£34.98
Beta1.35
1 Month Change-14.64%
3 Month Change-12.39%
1 Year Change33.93%
3 Year Change167.01%
5 Year Change213.12%
Change since IPO19,025.49%

Recent News & Updates

Dec 27
Is Ashtead Group (LON:AHT) A Risky Investment?

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...

Nov 14
Ashtead Group (LON:AHT) Has More To Do To Multiply In Value Going Forward

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...

Oct 05
Are Investors Undervaluing Ashtead Group plc (LON:AHT) By 22%?

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

AHTGB Trade DistributorsGB Market
7D-9.9%-5.1%-1.3%
1Y33.9%24.4%7.8%

Return vs Industry: AHT exceeded the UK Trade Distributors industry which returned 24.4% over the past year.

Return vs Market: AHT exceeded the UK Market which returned 7.8% over the past year.

Price Volatility

Is AHT's price volatile compared to industry and market?
AHT volatility
AHT Average Weekly Movement4.5%
Trade Distributors Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

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

FoundedEmployeesCEOWebsite
194720,140Brendan Horganhttps://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

How do Ashtead Group's earnings and revenue compare to its market cap?
AHT fundamental statistics
Market CapUS$30.91b
Earnings (TTM)US$1.14b
Revenue (TTM)US$7.51b

27.2x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AHT income statement (TTM)
RevenueUS$7.51b
Cost of RevenueUS$315.10m
Gross ProfitUS$7.20b
ExpensesUS$6.06b
EarningsUS$1.14b

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

Mar 08, 2022

Earnings per share (EPS)2.56
Gross Margin95.80%
Net Profit Margin15.12%
Debt/Equity Ratio98.4%

How did AHT perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

24%

Payout Ratio

Valuation

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 (£158.31)

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 (20.6x).

PE vs Market: AHT is poor value based on its PE Ratio (27.2x) compared to the UK market (18.9x).


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 (9.3% per year) is forecast to grow faster than the UK market (4.8% per year).

High Growth Revenue: AHT's revenue (9.3% 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 (1.41%).

High Dividend: AHT's dividend (0.68%) is low compared to the top 25% of dividend payers in the UK market (4.08%).


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£22.800b
  • Shares outstanding: 444.27m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 18:44
End of Day Share Price2022/01/21 00:00
Earnings2021/10/31
Annual Earnings2021/04/30


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.