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:
1,936.50p
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:
471m
Market Cap:
£9,584m
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: Geoffrey Drabble Chairman: Paul Walker Non-Executive Director: Lucinda Riches Tanya Fratto Senior Independent Director: Angus Cockburn Group Finance Director: Michael Pratt Group COO: Brendan Horgan

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: 99

Historic EPS Ranking: 99

Forecast EPS Ranking: 93

Price Relative Strength:

Industry Strength: D

SMR Ranking: A

ROCE Ranking: D

Accumulation/Dist: C

Mkt Accumulation/Dist: C

Unbroken Annual EPS: A

Unbroken Interim EPS: B

PEG Current Ranking: C

PEG Forecast Ranking: C

PE Current Ranking: C

PE Forecast Ranking: B

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

		2013	2014	2015	2016	2017	2018		2019E	2020E	2021E
Day/Month		30/4	30/4	30/4	30/4	30/4	30/4		30/4	30/4	30/4
Revenue	£m	1,361.90	1,634.70	2,038.90	2,545.70	3,186.80	3,706.00	£m	4,428.36	4,933.61	5,199.03
Operating Profit/(loss)	£m	284.20	403.60	541.10	699.60	869.30	994.00	£m	0.00	0.00	0.00
Profit Before Tax	£m	214.20	356.50	473.80	616.70	765.10	862.10	£m	1,092.83	1,219.37	1,280.30
Profit After Tax	£m	137.80	231.20	303.40	407.60	501.00	968.80	£m	0.00	0.00	0.00
Profit After Tax (from discontinued operations)	£m	0.00	0.00	0.00	0.00	0.00	0.00	£m	0.00	0.00	0.00
Overall Profit for the Period	£m	137.80	231.20	303.40	407.60	501.00	968.80	£m	0.00	0.00	0.00
EPS Growth	%	52.25	69.00	31.22	34.78	23.46	94.40	%	36.00	16.00	8.00
Earnings Per Share	p	27.10	45.80	60.10	81.00	100.00	194.40	p	173.54	201.26	217.86
Op. Cash Flow P/S	p	0.12	4.58	(3.41)	6.62	84.81	104.05	£	0.00	0.00	0.00
Cash Flow P/S Grth	%	(98.03)	3,716.67	0.00	0.00	1,181.12	22.69	%	0.00	0.00	0.00
Net Cash Flow P/S	p	4.06	0.56	2.09	2.58	1.26	0.00	£	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	%	35.67	35.15	35.96	33.91	34.52	0.00	%	0.00	0.00	0.00
P/E Ratio	x	21.60	18.80	18.50	11.20	16.20	10.50	x	11.10	9.60	8.90
P/E Growth	£	0.00	0.00	0.50	0.30	0.70	0.70	£	0.30	0.60	1.10
Turnover Per Share	£	272.33	326.22	406.64	505.78	638.35	0.00	£	0.00	0.00	0.00
Pre-Tax Profit / Share	£	42.83	71.14	94.50	122.53	153.26	0.00	£	0.00	0.00	0.00
Operating Margin	%	20.87	24.69	26.54	27.48	27.28	26.82	%	0.00	0.00	0.00
ROCE	%	13.19	17.43	16.12	16.46	15.61	15.92	%	0.00	0.00	0.00
ROE	%	22.28	30.69	31.35	31.45	29.04	43.09	%	0.00	0.00	0.00
Mkt Cap	£m	2,985.63	4,366.35	5,627.18	4,567.68	8,142.37	9,682.58	£m	0.00	0.00	0.00
Dividend Per Share	p	7.50	11.50	15.25	22.50	27.50	33.00	p	37.81	41.27	45.17
DPS Growth	%	0.00	0.00	32.61	47.54	22.22	20.00	%	0.00	0.00	0.00
Dividend Yield	%	1.30	1.30	1.40	2.50	1.70	1.60	%	2.00	2.10	2.30
Dividend Cover	x	4.19	4.05	4.10	3.78	3.79	3.86	x	0.00	0.00	0.00
Shareholder Funds	£m	682.50	824.40	1,111.50	1,480.40	1,970.10	2,526.90	£m	0.00	0.00	0.00
Net Borrowings	£m	1,014.10	1,148.60	1,687.10	2,001.70	2,527.70	(19.10)	£m	0.00	0.00	0.00
Net Assets	£m	682.50	824.40	1,111.50	1,480.40	1,970.10	2,526.90	£m	0.00	0.00	0.00
Net Assets P/S	£	50.51	75.47	100.24	166.87	199.91	0.00	£	0.00	0.00	0.00

Financials

Income & Efficiency
Valuation
Growth

	Latest	Forecast
Div Yield	1.8%	2.2%
Div Cover	3.9%	4.9%
Op Margin	26.8%	24.7%
ROCE	19.9%

Director Deals

Latest
Largest

Traded	Action	Notifier	Price	Amount	Value
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
04-May-18	Sell	Wayne Edmunds	2,090.00p	7,000	£,146,300
04-May-18	Sell	Wayne Edmunds	2,090.00p	7,000	£146,300
03-May-18	Buy	Wayne Edmunds	2,059.00p	14,260	£,293,613.40
03-May-18	Buy	Wayne Edmunds	2,059.00p	14,260	£293,613.40
26-Apr-18	Sell	Christopher Cole	2,040.00p	40,000	£,815,999.98
26-Apr-18	Sell	Christopher Cole	2,040.00p	40,000	£815,999.98
12-Dec-17	Sell	Brendan Horgan	2,040.00p	175,000	,633,569,999.93

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Shareholders

471m Major: 27% Director: 0%

Directors
Major Holders

Notifier	Holding	Value
Geoffrey Drabble	392,219	,595,320.94
Brendan Horgan	354,092	,856,991.58
Michael Pratt	252,539	,890,417.74
Tanya Fratto	1,000	,365

Rows per page

Gearing & Cover

News

Regulatory
Calendar Events
Activity

News Title	Date	Time	Source
Transaction in Own Shares	22-Mar-19	17:22	RNS
Transaction in Own Shares	21-Mar-19	17:31	RNS
Transaction in Own Shares	20-Mar-19	17:14	RNS
Transaction in Own Shares	19-Mar-19	17:55	RNS
Transaction in Own Shares	18-Mar-19	17:32	RNS
Transaction in Own Shares	15-Mar-19	17:42	RNS
Transaction in Own Shares	14-Mar-19	17:44	RNS
Transaction in Own Shares	13-Mar-19	17:24	RNS
Transaction in Own Shares	12-Mar-19	17:10	RNS
Transaction in Own Shares	11-Mar-19	17:32	RNS

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Broker Opinion

Latest
History
Views

Date	Broker Name	Rec	Price	Old Price Target	New Price Target	Broker Change
06-Mar-19	Deutsche	Hold	1904.50p	1900.00p	2050.00p	Reiteration
05-Mar-19	Numis	Buy	1904.50p	0.00p	2800.00p	Reiteration
18-Jan-19	RBC Capital Markets	Outperform	1922.00p	2800.00p	2400.00p	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
05-Nov-18	Barclays	Overweight	1877.50p	2580.00p	2200.00p	Reiteration
11-Sep-18	Jefferies	Buy	2334.00p	2750.00p	2750.00p	Reiteration
11-Sep-18	Berenberg Bank	Hold	2334.00p	2150.00p	2150.00p	Reiteration
20-Jun-18	JP Morgan Cazenove	Overweight	2311.00p	0.00p	2500.00p	Reiteration

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Notes

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