Ashtead Technology Holdings PLC (AT) AI Stock Analysis

• Market Cap: £337.82M
• Dividend Yield: 0.21%
• Average Volume (3M): 335.25K
• Price to Earnings (P/E): 11.7
• Beta (1Y): 1.24
• Revenue Growth: 52.12%
• EPS Growth: 32.79%
• Country: UK
• Employees: 650
• Sector: Energy
• Sector Strength: 76
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.36
• Shares Outstanding: 80,624,200
• 10 Day Avg. Volume: 233,981
• 30 Day Avg. Volume: 335,251
• PEG Ratio: 0.06
• Price to Book (P/B): 3.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £790.00
• Price Target Upside: 87.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 66 Neutral
• Price Target: ―

Ashtead Technology Holdings PLC demonstrates strong financial health with robust revenue growth and sound profitability, positioning it well in the industry. However, technical indicators suggest bearish momentum, which might impact short-term performance. The company's valuation is reasonable but not exceptionally appealing. Investors should be cautious of the increasing debt levels and focus on the company's ability to manage financial leverage effectively.

Ashtead Technology Holdings PLC Business Overview & Revenue Model

Company Description

Ashtead Technology Holdings PLC is a leading provider of technology solutions for the global subsea energy sector, specializing in the rental of advanced equipment and the provision of engineering services. The company serves sectors including oil and gas, renewable energy, and decommissioning, offering a comprehensive portfolio of products such as sensors, monitoring systems, and subsea tools designed to support underwater operations.

How the Company Makes Money

Ashtead Technology Holdings PLC generates revenue primarily through the rental of specialized equipment used in subsea operations. Key revenue streams include equipment leasing, maintenance services, and engineering consultancy, which cater to companies in the oil and gas, renewable energy, and decommissioning industries. The company also benefits from strategic partnerships with technology providers and engineering firms to enhance its service offerings and expand its market reach. By continually investing in state-of-the-art technology and expanding its international presence, Ashtead Technology Holdings PLC secures a steady income stream from both short-term and long-term rental contracts.

Ashtead Technology Holdings PLC Financial Statement Overview

Summary

Ashtead Technology Holdings PLC exhibits strong financial health with impressive revenue growth and profitability metrics. The company maintains a balanced financial leverage with a moderate Debt-to-Equity ratio and a healthy Return on Equity. However, the increasing debt levels and volatile Free Cash Flow require attentive management to sustain long-term financial stability.

Income Statement

The company exhibits strong revenue growth, with a notable increase in Total Revenue from the previous year. The Gross Profit Margin and Net Profit Margin are relatively high, indicating effective cost management and profitability. The EBIT and EBITDA margins also reflect solid operational efficiency. However, the significant revenue growth trajectory suggests reliance on expansion, which could pose risks if not managed carefully.

Balance Sheet

The company maintains a moderate Debt-to-Equity ratio, reflecting balanced financial leverage. The Return on Equity is healthy, indicating efficient use of equity capital to generate profits. The Equity Ratio shows a stable proportion of equity financing in the asset base. While the balance sheet is robust, the increase in total debt warrants monitoring to avoid potential leverage risks.

Cash Flow

The Cash Flow from operating activities remains strong, supporting the business growth. However, Free Cash Flow demonstrates volatility due to capital expenditures, which might impact liquidity if not managed properly. The Operating Cash Flow to Net Income ratio is favorable, indicating good cash conversion from earnings, but the Free Cash Flow to Net Income ratio reveals constraints on cash availability for discretionary spending.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
168.04M	110.47M	73.12M	55.80M	42.40M
	Gross Profit
129.42M	86.30M	54.29M	40.54M	31.36M
	EBIT
42.79M	31.21M	18.07M	5.39M	887.00K
	EBITDA
65.51M	44.15M	27.05M	17.52M	14.75M
	Net Income Common Stockholders
28.78M	21.58M	12.37M	2.53M	-998.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
12.17M	10.82M	9.04M	4.86M	10.96M
	Total Assets
313.60M	213.69M	136.82M	99.03M	99.76M
	Total Debt
140.52M	72.51M	37.72M	27.56M	47.14M
	Net Debt
128.35M	61.68M	28.68M	22.70M	36.19M
	Total Liabilities
186.28M	116.11M	61.02M	37.90M	55.07M
	Stockholders Equity
127.33M	97.59M	75.80M	61.13M	44.68M
Cash Flow		Free Cash Flow
729.00K	19.59M	18.40M	-653.00K	9.91M
	Operating Cash Flow
30.12M	39.05M	32.85M	7.24M	14.98M
	Investing Cash Flow
-93.30M	-68.93M	-36.91M	-6.44M	-3.45M
	Financing Cash Flow
65.32M	32.19M	7.98M	-7.13M	-5.17M

Ashtead Technology Holdings PLC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 422.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AT, the sentiment is Negative. The current price of 422 is below the 20-day moving average (MA) of 438.62, below the 50-day MA of 457.49, and below the 200-day MA of 522.51, indicating a bearish trend. The MACD of -8.40 indicates Positive momentum. The RSI at 40.87 is Neutral, neither overbought nor oversold. The STOCH value of 13.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:AT.

Ashtead Technology Holdings PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TLW	72 Outperform	£264.49M	5.76		―	-11.70%	―
GKP	71 Outperform	£347.21M	62.75	1.32%	8.29%	18.76%	―
AT	66 Neutral	£337.82M	11.68	25.59%	0.21%	52.12%	32.79%
Sector *	58 Neutral	$7.58B	3.26	-4.46%	10.01%	0.88%	-49.72%
HTG	56 Neutral	£425.92M	4.81	-2.91%	2.54%	9.74%	-123.08%
PANR	49 Neutral	£309.18M	―	-4.37%	―	-100.00%	―