Added to YB: 2026-03-19
Pitch date: 2026-03-16
AT.L [neutral]
Ashtead Technology Holdings Plc
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 295.9M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.18
P/E
9.27
EV/Sales
1.99
Sector
Trading Companies and Distributors
Category
value
My Top 8 Highest Conviction Micro Cap Ideas - Ashtead Technology Holdings (LSE: AT)
AT.L (update): Subsea equipment rental w/ 40yr zero-loss track record. FY25 rev £203M (+21% YoY), EBITA margin top end of guidance, ~25% ROIC. 9 M&A deals at 20%+ IRR hurdles in fragmented market. Leverage <1.4x, targeting <1.0x by end-2026. Delayed H1 projects now mobilizing, momentum improving into 2026. Trading 9x earnings despite oil price tailwind building as rig counts fall.
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