Ashtead Group PLC Fundamentals Datasheet and Stock Analysis

Profile

Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company's segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada. The Company operates approximately 550 stores in over 40 states in the United States and over 10 stores in Canada. The Company's equipment can be used to lift, power, generate, light, move, dig, compact, drill, support, access, scrub, pump, direct, heat and ventilate. The Company rents on a short-term basis. It sells old equipment in the second-hand market. The Company's rental fleet ranges from small hand-held tools to a range of construction equipment. It provides rental solutions for non-residential construction markets, facilities management, disaster relief, event management, climate control, scaffolding and traffic management.

Current Price:
2,775.00p
Industry:
Industrials
Sector:
Industrial Goods & Services
ISIN:
GB0000536739
Market Sector:
MAIN
Main Indices:
FTSE 100, FTSE-350, FTSE All-Share, FTSE All-Share
Country of register:
Great Britain
Currency:
N/A
Shares in Issue:
449m
Market Cap:
£12,298m
Date Listed:
19/09/2005

Operation Breakdown

Geographical
Product

Geographical - by origin (turnover)

Product (turnover)

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Activity Data Not Available

Company Information

CEO: Brendan Horgan Non-Executive Chairman: Paul Walker Senior Independent Non-Executive Director: Angus Cockburn Group Finance Director: Michael Pratt Independent Non-Executive Director: Tanya Fratto, Lindsley Ruth, Jill Easterbrook Lucinda Riches

Registrars:
Equiniti
Address:
Kings House, 36-37 King Street, London
Phone:
+ 44 (0) 20 7726 9700
Website:
http://www.ashtead-group.com

Analysis

Composite Ranking: 93

Historic EPS Ranking: 91

Forecast EPS Ranking: 89

Price Relative Strength:

Industry Strength: F

SMR Ranking: A

ROCE Ranking: D

Accumulation/Dist: D

Mkt Accumulation/Dist: C

Unbroken Annual EPS: C

Unbroken Interim EPS: B

PEG Current Ranking: B

PEG Forecast Ranking: C

PE Current Ranking: C

PE Forecast Ranking: C

Margin Current Ranking: B

Margin Forecast Ranking: B

Chart

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Indicator

No of Periods

Takes the average of data over a period of time, and migrates the period across the data series one data point at a time. This formula smooths a data series and makes analysing volatile data easier.

Fundamentals

Full Year
Interim
Q1
Q2
Q3
Q4

		2014	2015	2016	2017	2018	2019	2020		2021E	2022E
Day/Month		30/4	30/4	30/4	30/4	30/4	30/4	30/4		30/4	30/4
Revenue	£m	1,634.70	2,038.90	2,545.70	3,186.80	3,706.00	4,499.60	5,053.60	£m	4,638.60	4,988.15
Operating Profit/(loss)	£m	403.60	541.10	699.60	869.30	994.00	1,212.90	1,223.60	£m	0.00	0.00
Profit Before Tax	£m	356.50	473.80	616.70	765.10	862.10	1,059.50	982.80	£m	714.78	953.74
Profit After Tax	£m	231.20	303.40	407.60	501.00	968.80	796.90	739.70	£m	0.00	0.00
Profit After Tax (from discontinued operations)	£m	0.00	0.00	0.00	0.00	0.00	0.00	0.00	£m	0.00	0.00
Overall Profit for the Period	£m	231.20	303.40	407.60	501.00	968.80	796.90	739.70	£m	0.00	0.00
EPS Growth	%	69.00	31.22	34.78	23.46	94.40	(14.92)	(2.36)	%	(31.00)	36.00
Earnings Per Share	p	45.80	60.10	81.00	100.00	194.40	165.40	161.50	p	119.90	163.37
Op. Cash Flow P/S	p	4.58	(3.41)	6.62	84.81	104.05	109.34	0.00	£	0.00	0.00
Cash Flow P/S Grth	%	3,716.67	0.00	0.00	1,181.12	22.69	5.08	(100.00)	%	0.00	0.00
Net Cash Flow P/S	p	0.56	2.09	2.58	1.26	3.85	2.67	0.00	£	0.00	0.00
Capital Exp P/S	£	0.00	0.00	0.00	0.00	0.00	0.00	0.00	£	0.00	0.00
Tax Rate	%	35.15	35.96	33.91	34.52	(12.38)	24.79	0.00	%	0.00	0.00
P/E Ratio	x	18.80	18.50	11.20	16.20	10.50	13.00	13.60	x	22.80	16.90
P/E Growth	£	0.00	0.00	0.00	0.70	0.70	0.30	27.50	£	(0.70)	0.50
Turnover Per Share	£	326.22	406.64	505.78	638.35	747.18	938.00	0.00	£	0.00	0.00
Pre-Tax Profit / Share	£	71.14	94.50	122.53	153.26	173.81	220.87	0.00	£	0.00	0.00
Operating Margin	%	24.69	26.54	27.48	27.28	26.82	26.96	24.21	%	0.00	0.00
ROCE	%	17.43	16.15	16.49	15.62	15.96	15.77	0.00	%	0.00	0.00
ROE	%	30.69	31.35	31.45	29.04	43.09	29.92	0.00	%	0.00	0.00
Mkt Cap	£m	4,366.35	5,627.18	4,567.68	8,142.37	10,259.09	10,778.28	9,934.24	£m	0.00	0.00
Dividend Per Share	p	11.50	15.25	22.50	27.50	33.00	40.00	40.65	p	40.01	46.63
DPS Growth	%	0.00	0.00	0.00	22.22	20.00	21.21	1.63	%	0.00	0.00
Dividend Yield	%	1.30	1.40	2.50	1.70	1.60	1.90	1.80	%	1.40	1.70
Dividend Cover	x	4.05	4.10	3.78	3.79	3.86	4.35	4.31	x	0.00	0.00
Shareholder Funds	£m	824.40	1,111.50	1,480.40	1,970.10	2,526.90	2,800.50	2,972.20	£m	0.00	0.00
Net Borrowings	£m	1,148.60	1,687.10	2,001.70	2,527.70	2,712.00	3,744.90	(241.40)	£m	0.00	0.00
Net Assets	£m	824.40	1,111.50	1,480.40	1,970.10	2,526.90	2,800.50	2,972.20	£m	0.00	0.00
Net Assets P/S	£	75.47	100.24	166.87	199.91	289.92	290.85	0.00	£	0.00	0.00

Financials

Income & Efficiency
Valuation
Growth

	Latest	Forecast
Div Yield	1.5%	1.5%
Div Cover	4.3%	3.0%
Op Margin	24.2%	15.4%
ROCE	14.9%

Director Deals

Latest
Largest

Traded	Action	Notifier	Price	Amount	Value
04-Jul-19	Sell	Brendan Horgan	2,320.00p	46,792	,631,085,574.44
04-Jul-19	Sell	Michael Pratt	2,320.00p	16,448	£,381,593.61
04-Jul-19	Exercise of option	Brendan Horgan	100.00p	93,584	,393,584
04-Jul-19	Exercise of option	Michael Pratt	100.00p	34,995	,334,995
24-Jun-19	Buy	Lindsley Ruth	2,202.00p	2,250	,349,545
21-Jun-19	Buy	Paul Walker	2,163.00p	14,000	£,302,819.99
21-Jun-19	Buy	Angus Cockburn	2,160.00p	1,000	,321,600
26-Oct-18	Buy	Ian Sutcliffe	1,794.00p	13,933	£,249,958.03
10-Aug-18	Sell	Ian Sutcliffe	2,389.00p	24,500	£,585,304.99
27-Jun-18	Buy	Tanya Fratto	2,254.00p	1,000	,322,540

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Shareholders

449m Major: 15% Director: 0%

Directors
Major Holders

Notifier	Holding	Value
Brendan Horgan	433,938	,041,779.50
Michael Pratt	283,667	,871,759.25
Paul Walker	14,000	Ƅ,500
Lindsley Ruth	2,250	>,437.50
Tanya Fratto	1,000	,750

Rows per page

Gearing & Cover

News

Regulatory
Calendar Events
Activity

News Title	Date	Time	Source
Notice of Results	26-May-20	13:42	PRN
Disclosure of Rights of Securities	27-Apr-20	09:37	PRN
Trading Update	27-Apr-20	07:00	RNS
Transaction in Own Shares	19-Mar-20	17:56	RNS
Transaction in Own Shares	18-Mar-20	17:34	RNS
Transaction in Own Shares	17-Mar-20	18:18	RNS
Transaction in Own Shares	16-Mar-20	18:12	RNS
Transaction in Own Shares	13-Mar-20	17:46	RNS
Transaction in Own Shares	12-Mar-20	17:26	RNS
Transaction in Own Shares	11-Mar-20	17:18	RNS

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Broker Opinion

Latest
History
Views

Date	Broker Name	Rec	Price	Old Price Target	New Price Target	Broker Change
17-Jun-20	JP Morgan Cazenove	Overweight	2678.00p	0.00p	0.00p	Reiteration
17-Jun-20	Barclays	Overweight	2678.00p	2700.00p	2790.00p	Reiteration
16-Jun-20	Deutsche	Hold	2678.00p	2000.00p	2100.00p	Reiteration
16-Jun-20	RBC Capital Markets	Sector perform	2678.00p	0.00p	2600.00p	Reiteration
28-Apr-20	Bank of America	Overweight	2211.00p	3195.00p	2700.00p	Reiteration
27-Jan-20	Berenberg Bank	Hold	2531.00p	2150.00p	2250.00p	Reiteration
05-Mar-19	Numis	Buy	1904.50p	0.00p	2800.00p	Reiteration
08-Jan-19	UBS	Neutral	1883.00p	1700.00p	1800.00p	Upgrade
11-Dec-18	Peel Hunt Limited	Buy	1747.50p	2500.00p	2500.00p	Reiteration
11-Dec-18	Liberum Capital	Buy	1747.50p	0.00p	2390.00p	Reiteration

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Notes

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