ASHTEAD GROUP ORD GBP0.10
Symbol: AHT
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Company
Business Summary
Ashtead Group plc is a United Kingdom-based international equipment rental company with national networks in the United States, Canada, and the United Kingdom under the brand name Sunbelt Rentals. The Company rents a range of construction and industrial equipment across a variety of applications to a diverse customer base. The Sunbelt US is construction and industrial equipment rental division which has around 1,157 stores. It rent a wide range of equipment from a network of stores clustered in major metropolitan areas from Washington DC, and Baltimore on the Atlantic Coast through Miami, Tampa and Orlando in Florida to Los Angeles and Seattle on the West Coast. The Company’s Canada division has its stores in Alberta, British Colombia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, and Saskatchewan. The Sunbelt UK rents a range of equipment and operates approximately 192 stores and various markets in the United Kingdom. Its equipment’s are used in lift, power, and more.
Financial Summary
BRIEF: For the nine months ended 31 January 2024, Ashtead Group plc revenues increased 14% to $8.23B. Net income remained flat at $1.27B. Revenues reflect Sunbelt US segment increase of 15% to $7.07B, Sunbelt Canada segment increase of 9% to $501.3M, Sunbelt UK segment increase of 6% to $657.8M, United States segment increase of 15% to $7.07B, Canada segment increase of 9% to $501.3M, United Kingdom segment increase of 6% to $657.8M.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
30/04/2023 |
30/04/2022 |
30/04/2021 |
30/04/2020 |
30/04/2019 |
30/04/2018 |
---|---|---|---|---|---|---|
Total Revenue | 9,667.30 | 7,962.30 | 5,031.10 | 6,341.26 | 5,710.01 | 4,702.93 |
Gross profit | 7,247.50 | 5,783.50 | 3,766.90 | 4,804.00 | 4,332.50 | 3,595.21 |
Operating Profit/Loss | 2,522.00 | 1,900.70 | 1,135.30 | 1,514.92 | 1,539.17 | 1,233.85 |
Profit Before Tax | 2,155.80 | 1,668.10 | 936.00 | 1,233.22 | 1,344.51 | 1,094.01 |
Profit After Tax | 1,617.70 | 1,251.10 | 697.40 | 928.18 | 1,011.27 | 745.29 |
Equity Holders of Parent Company | 1,617.70 | 1,251.10 | 697.40 | 928.18 | 1,011.27 | 1,229.41 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
30/04/2023 |
30/04/2022 |
30/04/2021 |
30/04/2020 |
30/04/2019 |
30/04/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 16,844.30 | 13,708.70 | 8,383.70 | 11,736.77 | 9,380.85 | 7,582.80 |
Total Current Assets | 1,885.00 | 1,581.40 | 889.00 | 1,479.53 | 1,224.84 | 974.09 |
Total Assets | 18,729.30 | 15,290.10 | 9,272.70 | 13,216.30 | 10,605.70 | 8,556.89 |
Total Liabilities | 12,721.30 | 10,256.40 | 6,004.00 | 9,486.79 | 7,051.85 | 5,350.24 |
Total Net Assets | 6,008.00 | 5,033.70 | 3,268.70 | 3,729.52 | 3,553.84 | 3,206.64 |
Shareholders Funds | 6,008.00 | 5,033.70 | 3,268.70 | 3,729.52 | 3,553.84 | 3,206.64 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 6,008.00 | 5,033.70 | 3,268.70 | 3,729.52 | 3,553.84 | 3,206.64 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy6 |
Buy9 |
Neutral4 |
Sell1 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 6 | 9 | 4 | 1 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £10,876.50mn | £11,543.80mn | £12,487.70mn |
Pre-tax-Profit | £2,770.32mn | £2,930.51mn | £3,182.21mn |
EPS | £3.12p | £3.31p | £3.81p |
EPS Growth | -19.60% | 6.01% | 14.97% |
P/E | 17.91 | 16.89 | 14.69 |
PEG Ratio | -0.91 | 2.81 | 0.98 |
Dividend | 80.67p | 87.51p | 95.96p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
12th Mar 2024 | RBC Capital Markets | Reiteration | 5090p | 5300p | 5100p | Sector perform |
16th Feb 2024 | JP Morgan Cazenove | Reiteration | 5400p | 0p | 6800p | Overweight |
4th Dec 2023 | Canaccord Genuity | DownGrade | 4920p | 475p | 615p | Hold |
4th Dec 2023 | Berenberg Bank | Reiteration | 4920p | 500p | 700p | Buy |
22nd Nov 2023 | RBC Capital Markets | Reiteration | 4725p | 5500p | 5300p | Sector perform |
21st Nov 2023 | Barclays | Reiteration | 4708p | 6300p | 6000p | Overweight |
21st Nov 2023 | JP Morgan Cazenove | Reiteration | 4708p | 6300p | 5800p | Overweight |
11th Sep 2023 | Numis | Reiteration | 5150p | 0p | 7000p | Buy |
7th Sep 2023 | RBC Capital Markets | Reiteration | 5166p | 445p | 480p | Outperform |
6th Sep 2023 | JP Morgan Cazenove | Reiteration | 5234p | 0p | 6300p | Overweight |
Time & Sales
Sorry, sales information on this investment is not available at this time.