Added to YB: 2025-09-16
Pitch date: 2025-09-12
AT.L [bullish]
Ashtead Technology Holdings Plc
-7.95%
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 259.6M
Pitch Price
GBP 3.58
Price Target
N/A
Dividend
0.37%
EV/EBITDA
5.37
P/E
8.94
EV/Sales
2.10
Sector
Trading Companies and Distributors
Category
value
Ashtead Technology: emerging powerhouse in offshore energy equipment
AT.L: Offshore energy equipment rental co w/ £55M to £168M revenue growth (+201%) 2021-24, EPS up 241% to 45p. Trading 8x earnings despite 'low double digits' organic growth target. Customer backlog doubled to $51B. Wind +30% revenue mix reduces oil/gas cyclical risk. Share down 59% on AIM-to-Main Market move forcing IHT fund sales Oct 6. Short covering + new institutional buying expected post-uplisting.
Read full article (5 min)