Added to YB: 2026-08-05
Pitch date: 2026-08-02
AT.L [neutral]
Ashtead Technology Holdings Plc
+7.11%
current return
Author Info
No bio for this author
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 344.1M
Pitch Price
GBP 4.15
Price Target
N/A
Dividend
0.30%
EV/EBITDA
5.75
P/E
10.81
EV/Sales
2.23
Sector
Trading Companies and Distributors
Category
N/A
Ashtead Technology: A Recovery Still Waiting to Be Proven
AT.L (earnings): H1 2026 rev ~£100.2M (+1%), adj EBITDA margin 37.8% (from 38.7%), EBITA margin ~25% (from 27.3%) on weaker mix/soft offshore niches. Net debt 1.4x EBITDA, targeting <1x by year-end. FY guidance maintained, implies sharp H2 acceleration. Seadraulics integrating. Sept 1 full results key proof point.
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