Ashtead Technology Holdings PLC (GB:AT)
LSE:AT
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Ashtead Technology Holdings PLC
(LSE:AT)
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Rating:73Outperform
Price Target:
527.00 p
▲(9.79% Upside)
Action:ReiteratedDate:03/19/26
The score is driven mainly by strong financial performance (growth and profitability) and an attractive low P/E valuation. This is tempered by inconsistency risks (gross margin and free-cash-flow volatility, and meaningful debt) and a weak-to-neutral technical backdrop (negative MACD, price below the 20-day average).
Positive Factors
Sustained multi-year revenue growth
Material top-line expansion from £42.4m to £203.2m over five years indicates durable demand for subsea equipment and services and successful commercial scale-up. This breadth of revenue growth supports investment in capabilities, spreads fixed costs, and underpins long-term market position.
Negative Factors
Volatile gross margin
A marked gross-margin decline in 2025 suggests margin compression from mix shifts, pricing pressure or rising input costs. Persistent gross-margin volatility undermines earnings predictability, risks margin recapture needs, and can erode the long-term sustainability of current operating margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained multi-year revenue growth
Material top-line expansion from £42.4m to £203.2m over five years indicates durable demand for subsea equipment and services and successful commercial scale-up. This breadth of revenue growth supports investment in capabilities, spreads fixed costs, and underpins long-term market position.
Read all positive factors
Ashtead Technology Holdings PLC (AT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£382.69M
Dividend Yield0.38%
Average Volume (3M)923.22K
Price to Earnings (P/E)7.8
Beta (1Y)1.18
Revenue Growth20.92%
EPS Growth11.45%
CountryUK
Employees650
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)N/A
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 Target
£580.00Price Target Upside20.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ashtead Technology Holdings PLC Business Overview & Revenue Model
Company Description
Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. It offers survey and robotics equipment comprising survey sensors, geophysica...
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 | 82.77M | 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
Positive
480.00
Price Trends
427.86
Positive
388.50
Positive
370.85
Positive
Market Momentum
22.86
Negative
63.92
Neutral
77.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AT, the sentiment is Positive. The current price of 480 is above the 20-day moving average (MA) of 439.71, above the 50-day MA of 427.86, and above the 200-day MA of 370.85, indicating a bullish trend. The MACD of 22.86 indicates Negative momentum. The RSI at 63.92 is Neutral, neither overbought nor oversold. The STOCH value of 77.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | £729.76M | 18.63 | 3.49% | 2.22% | -5.70% | ― | |
73 Outperform | £382.69M | 7.75 | 21.84% | 0.38% | 20.92% | 11.45% | |
68 Neutral | £217.30M | 15.39 | 4.61% | ― | 8.82% | -55.40% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | £2.78M | -0.84 | -42.59% | ― | 6.03% | 75.91% | |
49 Neutral | £20.11M | -34.95 | ― | ― | ― | ― |
* Energy Sector Average
GB:AT
Ashtead Technology Holdings PLC
476.00
-14.65
-2.99%
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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.