Added to YB: 2025-07-16
Pitch date: 2025-07-14
AT.L [bullish]
Ashtead Technology Holdings Plc
+1.09%
current return
Author Info
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Company Info
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.
Market Cap
GBP 372.9M
Pitch Price
GBP 4.60
Price Target
8.14 (+75%)
Dividend
0.26%
Sector
Trading Companies and Distributors
Category
growth
Ashtead Technology Holdings: Yellow Submarine
AT.L: Small but critical offshore energy equipment rental (~78% revenue) with fungible fleet (85% usable across oil/gas/wind). Growing via acquisitions (5.2x-3.9x EBITDA multiples) in fragmented market. Pro forma 5.7x EV/EBITDA, 10.4x PE after Seatronics deal. Aligned management owns significant stakes. Target: £660m equity value by 2027 (+75%).
Read full article (4 min)