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Ashtead Technology Holdings PLC
(LSE:AT)
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Rating:83Outperform
Price Target:
471.00 p
▼(-1.88% Downside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by attractive valuation (very low P/E with a dividend) and supportive technical momentum (price above key moving averages with positive MACD). Financial performance is solid on growth and profitability, but tempered by margin volatility, uneven free-cash-flow conversion, and still-meaningful debt.
Positive Factors
Revenue scaling
Sustained multi-year revenue growth to £203m in 2025 indicates durable demand for specialist subsea equipment and services. Scale supports fixed-cost absorption, broader service coverage and customer credibility, making the business less vulnerable to single-contract swings and enabling investment in capabilities.
Negative Factors
Gross margin volatility
A sharp gross margin decline introduces structural profit reliability risk. If margin swings are due to pricing pressure, adverse mix or rising unit costs, future earnings and cash generation could vary materially, complicating planning, capital allocation and long-term return expectations.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scaling
Sustained multi-year revenue growth to £203m in 2025 indicates durable demand for specialist subsea equipment and services. Scale supports fixed-cost absorption, broader service coverage and customer credibility, making the business less vulnerable to single-contract swings and enabling investment in capabilities.
Read all positive factors
Ashtead Technology Holdings PLC (AT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£327.14M
Dividend Yield0.38%
Average Volume (3M)923.22K
Price to Earnings (P/E)10.2
Beta (1Y)0.99
Revenue Growth20.92%
EPS Growth11.45%
CountryUK
Employees650
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.40
Shares Outstanding80,976,395
10 Day Avg. Volume453,870
30 Day Avg. Volume923,221
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)1.59
Price to Sales (P/S)1.23
P/FCF Ratio12.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.46
Revenue Forecast (FY)£215.93M
Ashtead Technology Holdings PLC Business Overview & Revenue Model
Company Description
Ashtead Technology Holdings Plc specializes in providing rental solutions for subsea equipment to the global offshore energy sector, with its reach extending across Europe, the Americas, Asia-Pacific, and the Middle East. Its offerings comprise a ...
How the Company Makes Money
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Ashtead Technology Holdings PLC Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
65
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 203.19M | 168.04M | 110.47M | 73.12M | 55.80M |
| Gross Profit | 67.74M | 129.42M | 86.30M | 54.29M | 40.54M |
| EBITDA | 81.10M | 65.51M | 44.15M | 27.05M | 17.52M |
| Net Income | 32.21M | 28.78M | 21.58M | 12.37M | 2.53M |
Balance Sheet | |||||
| Total Assets | 323.27M | 313.60M | 213.69M | 136.82M | 99.03M |
| Cash, Cash Equivalents and Short-Term Investments | 14.07M | 12.17M | 10.82M | 9.04M | 4.86M |
| Total Debt | 122.98M | 140.52M | 72.51M | 37.72M | 27.56M |
| Total Liabilities | 166.19M | 186.28M | 116.11M | 61.02M | 37.90M |
| Stockholders Equity | 157.09M | 127.33M | 97.59M | 74.94M | 61.13M |
Cash Flow | |||||
| Free Cash Flow | 20.59M | 729.00K | 19.59M | 18.40M | -653.00K |
| Operating Cash Flow | 57.78M | 30.12M | 39.05M | 32.85M | 7.24M |
| Investing Cash Flow | -31.94M | -93.30M | -68.93M | -36.91M | -6.44M |
| Financing Cash Flow | -23.05M | 65.32M | 32.19M | 7.98M | -7.13M |
Ashtead Technology Holdings PLC Technical Analysis
Negative
480.00
Price Trends
453.35
Negative
443.71
Negative
396.77
Positive
Market Momentum
-14.08
Positive
32.39
Neutral
8.66
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 480 is above the 20-day moving average (MA) of 431.13, above the 50-day MA of 453.35, and above the 200-day MA of 396.77, indicating a neutral trend. The MACD of -14.08 indicates Positive momentum. The RSI at 32.39 is Neutral, neither overbought nor oversold. The STOCH value of 8.66 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | £327.14M | 10.24 | 21.84% | 0.38% | 20.92% | 11.45% | |
74 Outperform | £641.48M | 31.05 | 3.49% | 2.22% | -5.70% | ― | |
68 Neutral | £213.15M | 15.12 | 4.61% | ― | 8.82% | -55.40% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | £13.53M | 17.77 | ― | ― | ― | ― | |
43 Neutral | £2.98M | -4.64 | -42.59% | ― | 7.34% | 74.70% |
* Energy Sector Average
GB:AT
Ashtead Technology Holdings PLC
409.50
-48.24
-10.54%
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GB:HTG
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GB:CSC
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35.00
0.00
0.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.