Added to YB: 2025-12-29
Pitch date: 2025-12-23
AT.L [bullish]
Ashtead Technology Holdings Plc
-1.87%
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 253.2M
Pitch Price
GBP 3.20
Price Target
4.90 (+53%)
Dividend
0.38%
EV/EBITDA
5.28
P/E
8.72
EV/Sales
2.06
Sector
Trading Companies and Distributors
Category
growth
Ashtead Technology Holdings: Forging Offshore Resilience Through Equipment Mastery and Bold Expansion
AT.L: UK subsea equipment rental leader w/ 30k+ assets serving offshore O&G & wind. Revenue grew 28% CAGR 2018-24 despite 2020 downturn. Recent Seatronics/J2 acquisition (£63M) adds 7k assets, drives leverage to 1.8x EBITDA. TAM growing 8% CAGR to 2028. DCF shows £4.90 fair value vs £3.19 current (54% upside). Key risks: cyclicality, M&A execution, regulatory changes.
Read full article (24 min)