Ashtead Group plc (ASHTF) Stock

About Ashtead Group plc

Ashtead Group plc, along with its various subsidiaries, specializes in renting out construction, industrial, and general equipment across the United States, the United Kingdom, and Canada. The company provides a wide range of essential items and services, including pumps, power generation units, climate control systems (heating and cooling), scaffolding, traffic management solutions, temporary ground covering, trench support, and various lifting apparatus. These offerings cater to a diverse array of clients and situations. Ashtead supports facilities maintenance and municipal operations for entities such as office and apartment complexes, government organizations, hospitals, data centers, parks, educational institutions, and shopping centers, also assisting with pavement repairs and golf course upkeep. Their equipment is equally critical for significant construction projects, encompassing airports, highways, bridges, commercial buildings, data centers, schools, universities, retail spaces, residential developments, manufacturing facilities, and green energy plants. Furthermore, the group plays a vital role in emergency response efforts, supplying resources for fires, natural disasters (like hurricanes, floods, and tornadoes), winter storms, health crises, alternative care sites, distribution points, and mobile testing facilities. Beyond these, Ashtead's services are indispensable for entertainment and special events, covering everything from major national gatherings, concerts, and sporting competitions to film and television productions, theme parks, festivals, farmers' markets, and local athletic events such as 5k runs and cycle races. Operating under the Sunbelt Rentals brand, the company maintains an extensive network of 967 locations in the United States, 89 in Canada, and 177 in the United Kingdom. Ashtead Group plc was founded in 1947 and its corporate headquarters are situated in London, United Kingdom.

Ashtead Group plc is headquartered in GB.

Ashtead Group plc (ASHTF) stock trades at $70.01 with a market capitalization of $28.95B. The stock is valued at a price-to-earnings (P/E) ratio of 29.70, price-to-book of 3.84, price-to-sales of 2.65. Over the past 52 weeks the stock has ranged between $45.51 and $77.00, and currently trades 9.1% below its 52-week high. It pays a dividend yielding 1.06%.

On profitability, Ashtead Group plc generates a return on equity (ROE) of 18.34%, above the typical market average, return on capital employed of 11.70%, an operating margin of 21.47%, a net profit margin of 12.75%.

In its most recent fiscal year, Ashtead Group plc reported annual revenue of $10.8B, net profit of $1.5B, revenue has compounded at 16.4% a year over the last five years, profit at 15.4% a year.

The balance sheet shows a debt-to-equity ratio of 1.37, a current ratio of 1.02, total assets of $21.7B, $21.0M in cash and equivalents.

ASHTF has an average daily trading volume of 3,237 shares, a beta of 1.13.

Official website: www.ashtead-group.com