Ashtead Group (AHT)

Sector:

Support

Index:

FTSE 100

5,924.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 6,104.00
  • 52 Week Low: 4,667.00
  • Currency: UK Pounds
  • Shares Issued: 437.30m
  • Volume: 583,220
  • Market Cap: £25,906m
  • RiskGrade: 116

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 1.5% 1.5% 1.0% 1.9% 1.9%
           
Continuing Operations          
PE Ratio - Adjusted 14.8 17.1 26.7 12.4 12.2
PE Ratio - Diluted 15.7
16.0		 18.8
18.6		 28.5
28.5		 13.5
13.2		 12.8
12.8
PEG - Adjusted 0.6 0.4 n/a n/a 0.3
PEG - Diluted 0.5
0.6		 0.5
0.5		 28.5
1.1		 n/a
n/a		 n/a
0.4
Return on Capital Employed 18.44%
18.44%		 17.40%
17.40%		 0.16%
0.16%		 14.88%
14.88%		 19.38%
19.38%
Operating Margin 28.99%
28.99%		 26.92%
26.92%		 25.38%
25.38%		 24.21%
24.21%		 26.96%
26.96%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 14.8 17.1 2,640.8 12.4 12.2
PE Ratio - Diluted 15.7
16.0		 18.8
18.6		 2,825.1
2,825.4		 13.5
13.2		 12.8
12.8
PEG - Adjusted 0.6 0.0 n/a n/a 0.3
PEG - Diluted 0.5
0.6		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.4

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Net Gearing 149.13% 142.24% 128.18% 180.44% 133.72%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Price/Book Value n/a n/a n/a 7.6 7.3
Price/Tangible Book Value n/a n/a n/a 7.6 7.3
Price/ Cash Flow n/a n/a n/a 10.0 19.3
Price/Revenue n/a n/a n/a 1.96 2.26
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 596.47p 507.16p 522.91p 286.11p 290.85p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Continuing Operations          
Revenue 8,698.20 7,234.70 59.57 5,053.60 4,499.60
EBITDA 4,411.80
4,411.80		 3,609.40
3,609.40		 30.65
30.65		 2,375.80
2,375.80		 2,106.60
2,106.60
Depreciation (1,889.80)
(1,889.80)		 (1,661.60)
(1,661.60)		 (15.53)
(15.53)		 (1,152.20)
(1,152.20)		 (893.70)
(893.70)
Net Interest (366.20)
(366.20)		 (279.70)
(232.60)		 (2.65)
(2.65)		 (240.80)
(224.50)		 (153.40)
(153.40)
Profit Before Tax 2,155.80
2,155.80		 1,668.10
1,715.20		 12.47
12.47		 982.80
999.10		 1,059.50
1,059.50
           
Revenue per Share 1,980.92p 1,624.68p 13.30p 1,107.27p 938.00p
Pre-Tax Profit per Share 490.96p
490.96p		 374.60p
385.18p		 2.78p
2.78p		 215.34p
218.91p		 220.87p
220.87p
Market Capitalisation £ (Millions) 20,658.51 18,862.12 20,634.39 9,878.74 10,593.57
Enterprise Value (EV) £ (Millions) 29,633.31 26,030.22 26,443.29 15,450.34 14,325.97
EBITDA/EV 14.89%
14.89%		 13.87%
13.87%		 0.12%
0.12%		 15.38%
15.38%		 14.70%
14.70%
Operating Margin 28.99%
28.99%		 26.92%
26.92%		 25.38%
25.38%		 24.21%
24.21%		 26.96%
26.96%
Capital Employed £ (Millions) 13,679.70 11,197.10 9,744.60 8,223.40 6,260.00
Return on Capital Employed 18.44%
18.44%		 17.40%
17.40%		 0.16%
0.16%		 14.88%
14.88%		 19.38%
19.38%
Invested Equity Capital £ (Millions) 8,079.20 6,797.10 6,100.70 4,285.40 3,907.60
           
Earnings per Share - Basic 368.40¢
361.67¢		 280.90¢
282.71¢		 205.40¢
205.43¢		 162.10p
164.76p		 166.10p
166.12p
Earnings per Share - Diluted 366.10¢
359.38¢		 279.70¢
281.51¢		 204.80¢
204.78¢		 161.50p
164.19p		 165.40p
165.44p
Earnings per Share - Adjusted 388.50¢ 307.10¢ 219.10¢ 175.00p 174.20p
Earnings per Share Growth - Basic 31%
28%		 37%
38%		 1%
25%		 -2%
-1%		 -15%
30%
Earnings per Share Growth - Diluted 31%
28%		 37%
38%		 1%
25%		 -2%
-1%		 -15%
30%
Earnings per Share Growth - Adjusted 26% 40% -0% 0% 37%
PE Ratio - Diluted 15.7
16.0		 18.8
18.6		 28.5
28.5		 13.5
13.2		 12.8
12.8
PEG - Diluted 0.5
0.6		 0.5
0.5		 28.5
1.1		 n/a
n/a		 n/a
0.4
Tax Rate 24.96% 25.00% 25.50% 24.74% 24.79%
Dividend Cover 4.57
4.25		 3.84
3.53		 3.78
3.54		 4.31
4.05		 4.35
4.15
Interest Cover 6.85
6.85		 6.96
8.37		 5.70
5.70		 5.08
5.45		 7.90
7.90
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 368.40¢
361.67¢		 280.90¢
282.71¢		 2.07¢
2.07¢		 162.10p
164.76p		 166.10p
166.12p
Earnings per Share - Diluted 366.10¢
359.38¢		 279.70¢
281.51¢		 2.07¢
2.07¢		 161.50p
164.19p		 165.40p
165.44p
Earnings per Share - Adjusted 388.50¢ 307.10¢ 2.21¢ 175.00p 174.20p
Earnings per Share Growth - Basic 31%
28%		 13,448%
13,534%		 -99%
-99%		 -2%
-1%		 -15%
30%
Earnings per Share Growth - Diluted 31%
28%		 13,430%
13,518%		 -99%
-99%		 -2%
-1%		 -15%
30%
Earnings per Share Growth - Adjusted 26% 13,786% -99% 0% 37%
PE Ratio - Diluted 15.7
16.0		 18.8
18.6		 2,825.1
2,825.4		 13.5
13.2		 12.8
12.8
PEG - Diluted 0.5
0.6		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.4
Dividend Cover 4.57
4.25		 3.84
3.53		 0.04
0.04		 4.31
4.05		 4.35
4.15
Return on Equity (ROE) 20.02%
19.66%		 18.41%
18.52%		 0.15%
0.15%		 17.26%
17.55%		 20.39%
20.39%
Operating Cash Flow per Share 227.76p 336.63p 433.62p 216.54p 109.80p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 3.46p (2.36p) (0.64p) 49.93p (1.38p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 85.00¢ 80.00¢ 58.00¢ 40.65p 40.00p
Dividend per Share Growth 6.25% 37.93% 42.68% 1.63% 21.21%
Dividend Yield 1.5% 1.5% 1.0% 1.9% 1.9%
Shareholders Funds 6,008.00 5,033.70 4,525.50 2,972.20 2,800.50
Net Borrowings £ (Millions) 8,959.50 7,160.00 5,800.70 5,363.00 3,744.90
Net Asset Value per Share (inc. Intangibles) 596.47p 507.16p 522.91p 286.11p 290.85p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Shareholders' Funds inc Intangibles 6,008.00 5,033.70 4,525.50 2,972.20 2,800.50
Net Borrowings £ (Millions) 8,959.50 7,160.00 5,800.70 5,363.00 3,744.90
Net Gearing 149.13% 142.24% 128.18% 180.44% 133.72%
Cash & Near Cash 29.90 15.30 26.60 241.40 12.80
Cash 0.50% 0.30% 0.59% 8.12% 0.46%
Gross Borrowings 8,989.40 7,175.30 5,827.30 5,604.40 3,757.70
Gross Gearing 149.62% 142.55% 128.77% 188.56% 134.18%
Borrowings Under 5 years 8,989.40 7,175.30 5,827.30 5,604.40 3,757.70
Under 5 years 149.62% 142.55% 128.77% 188.56% 134.18%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Shareholders' Funds exc Intangibles 2,619.10 2,258.40 2,342.10 1,305.80 1,395.20
Net Borrowings £ (Millions) 8,959.50 7,160.00 5,800.70 5,363.00 3,744.90
Net Gearing 342.08% 317.04% 247.67% 410.71% 268.41%
Cash & Near Cash 29.90 15.30 26.60 241.40 12.80
Cash 1.14% 0.68% 1.14% 18.49% 0.92%
Gross Borrowings 8,989.40 7,175.30 5,827.30 5,604.40 3,757.70
Gross Gearing 343.22% 317.72% 248.81% 429.19% 269.33%
Borrowings Under 5 years 8,989.40 7,175.30 5,827.30 5,604.40 3,757.70
Under 5 years 343.22% 317.72% 248.81% 429.19% 269.33%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Quick Ratio 0.92 0.96 1.08 1.49 1.27
Current Ratio 1.01 1.07 1.17 1.60 1.39

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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