Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment.
Established dividend payer and good value.
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: ASHT.F has not had significant price volatility in the past 3 months.
7 Day Return
US Trade Distributors
1 Year Return
US Trade Distributors
Return vs Industry: ASHT.F exceeded the US Trade Distributors industry which returned 9.2% over the past year.
Return vs Market: ASHT.F exceeded the US Market which returned 17.8% over the past year.
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
No news available
Is Ashtead Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ASHT.F ($35.75) is trading below our estimate of fair value ($49.9)
Significantly Below Fair Value: ASHT.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ASHT.F is good value based on its PE Ratio (15.5x) compared to the Trade Distributors industry average (15.9x).
PE vs Market: ASHT.F is good value based on its PE Ratio (15.5x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: ASHT.F is poor value based on its PEG Ratio (13.1x)
Price to Book Ratio
PB vs Industry: ASHT.F is overvalued based on its PB Ratio (4.3x) compared to the US Trade Distributors industry average (1.6x).
How is Ashtead Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASHT.F's forecast earnings growth (1.2% per year) is below the savings rate (1.7%).
Earnings vs Market: ASHT.F's earnings (1.2% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: ASHT.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: ASHT.F's revenue (5.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: ASHT.F's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ASHT.F's Return on Equity is forecast to be high in 3 years time (27.5%)
How has Ashtead Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASHT.F has high quality earnings.
Growing Profit Margin: ASHT.F's current net profit margins (16.8%) are lower than last year (27.3%).
Past Earnings Growth Analysis
Earnings Trend: ASHT.F's earnings have grown significantly by 25.4% per year over the past 5 years.
Accelerating Growth: ASHT.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ASHT.F had negative earnings growth (-25.2%) over the past year, making it difficult to compare to the Trade Distributors industry average (5.2%).
Return on Equity
High ROE: Whilst ASHT.F's Return on Equity (28.65%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Ashtead Group's financial position?
Financial Position Analysis
Short Term Liabilities: ASHT.F's short term assets (£1.1B) exceed its short term liabilities (£897.8M).
Long Term Liabilities: ASHT.F's short term assets (£1.1B) do not cover its long term liabilities (£6.4B).
Debt to Equity History and Analysis
Debt Level: ASHT.F's debt to equity ratio (147%) is considered high.
Reducing Debt: ASHT.F's debt to equity ratio has reduced from 163.8% to 147% over the past 5 years.
Debt Coverage: ASHT.F's debt is not well covered by operating cash flow (18%).
Interest Coverage: ASHT.F's interest payments on its debt are well covered by EBIT (6.7x coverage).
Inventory Level: ASHT.F has a high level of physical assets or inventory.
Debt Coverage by Assets: ASHT.F's debt is not covered by short term assets (assets are 0.3x debt).
What is Ashtead Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ASHT.F's dividend (1.46%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ASHT.F's dividend (1.46%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: ASHT.F's dividends per share have been stable in the past 10 years.
Growing Dividend: ASHT.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.6%), ASHT.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASHT.F's dividends in 3 years are forecast to be well covered by earnings (19.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Brendan Horgan (45yo)
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 ($USD5.21M) is below average for companies of similar size in the US market ($USD10.81M).
Compensation vs Earnings: Brendan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & Executive Director||0.8yrs||UK£4.02m||0.089% £14.2m|
|Group Finance Director||1.8yrs||UK£1.41m||0.060% £9.6m|
|Non-Executive Chairman||1.4yrs||UK£292.00k||0.0031% £497.0k|
|Independent Non-Executive Director||3.6yrs||UK£83.00k||0.00022% £35.2k|
|Senior Independent Non-Executive Director||1.1yrs||UK£47.00k||0.00022% £35.2k|
|Independent Non-Executive Director||3.7yrs||UK£75.00k||0.0011% £177.4k|
|Independent Non-Executive director||0.08yrs||no data||no data|
|Independent Non-Executive Director||0.8yrs||no data||0.00050% £79.9k|
Experienced Board: ASHT.F's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ashtead Group plc's company bio, employee growth, exchange listings and data sources
- Name: Ashtead Group plc
- Ticker: ASHT.F
- Exchange: OTCPK
- Founded: 1984
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: UK£12.324b
- Listing Market Cap: UK£15.980b
- Shares outstanding: 449.63m
- Website: https://www.ashtead-group.com
Number of Employees
- Ashtead Group plc
- 100 Cheapside
- Greater London
- EC2V 6DT
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ASHT.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|AHT||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Jan 1992|
|0LC||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|AHTL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||Jan 1992|
|0LC||BRSE (Berne Stock Exchange)||Yes||Ordinary Shares||CH||CHF||Jan 1992|
|ASHT.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADR||US||USD||Apr 2011|
Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It provides equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company offers various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities. It also provides disaster relief equipment, such as pumps and power generation equipment for various applications, such as assisting at times of flooding due to weather and burst water supply; power generation, lighting, and other equipment for bowl events, sporting events, music concerts, and festivals; and climate control equipment, including cooling, heating, and dehumidification equipment to the construction, commercial, industrial, and events markets. In addition, the company rents and installs scaffolding solutions for access to new or existing structures; and offers portable traffic systems to facilitate engineering projects or clean-up after an accident. It serves construction, industrial, and homeowner customers, as well as government entities and specialist contractors. The company operates 773 stores under the Sunbelt Rentals name in the United States; 67 stores under the Sunbelt Rentals Canada name in Canada; and 196 stores under the A-Plant name in the United Kingdom. Ashtead Group plc was founded in 1984 and is headquartered in London, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 02:09|
|End of Day Share Price||2020/02/21 00:00|
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.