Added to YB: 2026-09-14
Pitch date: 2026-09-10
AT.L [bullish]
Ashtead Technology Holdings Plc
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
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 275.2M
Pitch Price
N/A
Price Target
N/A
Dividend
0.38%
EV/EBITDA
4.95
P/E
8.77
EV/Sales
1.92
Sector
Trading Companies and Distributors
Category
turnaround
AT. a low point?
AT.L: Ashtead Technology’s 2026 setback looks more like a trough than structural impairment: project delays, weaker Asian renewables and Middle East disruption reduced high-margin rental utilisation just as fleet investment lifted depreciation. At roughly 335p, the shares trade at 8.9x 2026 and 7.2x 2027 adjusted EPS. Existing capacity could drive margin recovery and deleveraging, but the thesis fails if offshore weakness persists or lower-margin equipment sales remain elevated.
Read full article (8 min)