Company Valuation: Ashtead Group plc

Data adjusted to current consolidation scope
Fiscal Period: April 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 22,478 25,018 32,025 22,468 31,403 31,593 - -
Change - 11.3% 28.01% -29.84% 39.77% 0.61% - -
Enterprise Value (EV) 1 29,638 33,978 42,680 32,799 38,957 40,682 39,986 38,839
Change - 14.64% 25.61% -23.15% 18.77% 4.43% -1.71% -2.87%
P/E - - - - 24.3x 19.7x 17.4x 14.8x
PBR - - - - 4.24x 4.2x 3.81x 3.46x
PEG - - - - - 0.8x 1.3x 0.9x
Capitalization / Revenue 2.82x 2.59x 2.95x 2.08x 2.82x 2.61x 2.44x 2.28x
EV / Revenue 3.72x 3.51x 3.93x 3.04x 3.49x 3.36x 3.09x 2.8x
EV / EBITDA 8.21x 7.7x 8.72x 6.55x 8.33x 8.01x 7.21x 6.45x
EV / EBIT 14.4x 12.9x 15.4x 12.2x 15.6x 14.9x 13.3x 11.6x
EV / FCF 26.3x 63.9x 197x 18.3x 19x 32x 27.8x 21.1x
FCF Yield 3.8% 1.56% 0.51% 5.46% 5.28% 3.13% 3.6% 4.75%
Dividend per Share 2 - - - - 1.125 1.24 1.308 1.461
Rate of return - - - - 1.47% 1.61% 1.7% 1.9%
EPS 2 - - - - 3.15 3.917 4.431 5.199
Distribution rate - - - - 35.7% 31.7% 29.5% 28.1%
Net sales 1 7,962 9,667 10,859 10,792 11,154 12,101 12,941 13,872
EBITDA 1 3,609 4,412 4,893 5,006 4,677 5,082 5,546 6,018
EBIT 1 2,056 2,640 2,775 2,687 2,500 2,724 3,006 3,346
Net income 1 1,251 1,618 1,598 1,510 1,325 1,583 1,798 2,072
Net Debt 1 7,160 8,960 10,655 10,331 7,554 9,089 8,393 7,246
Reference price 2 50.80 57.18 73.38 52.16 76.53 77.10 77.10 77.10
Nbr of stocks (in thousands) 442,473 437,493 436,399 430,743 410,331 409,765 - -
Announcement Date 14/6/22 13/6/23 18/6/24 17/6/25 23/6/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.79x14.68x20.86x0.75% 662B
35.02x6.42x22.78x1.03% 77.11B
23.5x4.6x10.13x0.72% 67.29B
-106.62x24.05x57.83x-.--% 66.55B
10.38x1.38x7.12x1.06% 45.17B
45.17x1.67x9.32x-.--% 44.93B
19.68x3.36x8.01x1.61% 31.59B
19.79x6.06x11.56x-.--% 25.91B
9.41x2.53x6.09x-.--% 23.59B
Average 9.46x 7.19x 17.08x 0.57% 116.02B
Weighted average by Cap. 19.25x 12.05x 20.62x 0.69%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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