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Last 954.50 GBp
Change Today +17.00 / 1.81%
Volume 991.3K
As of 6:29 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

ashtead group plc (AHT) Snapshot

Open
943.50 GBp
Previous Close
937.50 GBp
Day High
962.50 GBp
Day Low
943.00 GBp
52 Week High
05/28/15 - 1,231 GBp
52 Week Low
08/8/14 - 849.50 GBp
Market Cap
4.8B
Average Volume 10 Days
2.8M
EPS TTM
0.61 GBp
Shares Outstanding
503.3M
EX-Date
08/13/15
P/E TM
15.8x
Dividend
16.94 GBp
Dividend Yield
1.42%
Current Stock Chart for ASHTEAD GROUP PLC (AHT)

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ashtead group plc (AHT) Details

Ashtead Group plc, an investment holding company, rents a range of construction and industrial equipment. The company offers equipment, which is used to lift, power, generate, move, dig, support, scrub, pump, direct, heat, and ventilate various works. It provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities. The company also provides disaster relief equipment, such as pumps and power generation equipment for various types of applications, such as assisting at times of flooding due to weather and burst water supply; power generation, lighting, and other equipment for management of events, such as super bowl events, sporting events, music concerts, and festivals; and climate control equipment, including cooling, heating, and dehumidification equipment. In addition, it offers scaffolding rental solutions, including installation solutions for access to the new or existing structures; and portable traffic systems to facilitate engineering projects and clean-up after an accident. The company offers equipment under Sunbelt Rentals brand in the United States and A-Plant brand in the United Kingdom. It serves construction, industrial, and homeowner customers, as well as government entities and specialist contractors. The company operates 504 stores in the United States and Canada; and 136 stores in England, Scotland, and Wales. Ashtead Group plc was founded in 1984 and is headquartered in London, the United Kingdom.

11,928 Employees
Last Reported Date: 07/22/15
Founded in 1984

ashtead group plc (AHT) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: 534.0K GBP
Group Finance Director, Director and Member o...
Total Annual Compensation: 307.0K GBP
Executive Director and Chief Executive Office...
Total Annual Compensation: 470.0K GBP
Executive Director and Chief Executive Office...
Total Annual Compensation: 324.0K GBP
Compensation as of Fiscal Year 2014.

ashtead group plc (AHT) Key Developments

Ashtead Seeks Acquisitions

Ashtead Group plc (LSE:AHT) spent £1 billion on new equipment for its rental fleet and £236 million on bolt-on acquisitions. Ashtead expects to spend about the same amount in the coming year as it expands into new locations.

Ashtead Group plc Recommends Final Dividend for the Year Ended April 30, 2015, Payable on 4 September 2015; Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Year Ended April 30, 2015; Provides Capital Expenditure Guidance for Fiscal 2016

Ashtead Group plc announced that the board is recommending a final dividend of 12.25 pence per share for the year ended April 30, 2015 compared to 9.25 pence per share paid a year ago. If approved at the forthcoming annual general meeting, the final dividend will be payable on 4 September 2015 to shareholders on the register on 14 August 2015. The company reported consolidated unaudited earnings results for the fourth quarter and audited earnings results for the year ended April 30, 2015. For the quarter, the company reported revenue of GBP 538.7 million against GBP 384.9 million for the same period a year ago. Group revenue increased 40% in the fourth quarter with strong growth in both businesses.  This revenue growth, combined with ongoing operational efficiency, generated underlying profit before tax of GBP 110 million against GBP 69 million for the same period a year ago. EBITDA was GBP 227.9 million against GBP 157.9 million for the same period a year ago. Operating profit was GBP 124.0 million against GBP 84.0 million for the same period a year ago. Profit on ordinary activities before taxation was GBP 104.7 million against GBP 70.8 million for the same period a year ago. Profit attributable to equity holders of the company was GBP 67.5 million or 13.4 pence per diluted share against GBP 51.7 million or 10.2 pence per diluted share for the same period a year ago. Underlying operating profit was GBP 129.5 million against GBP 82.6 million for the same period a year ago. Underlying profit attributable to equity holders of the company was GBP 71.2 million or 14.1 pence per diluted share against GBP 49.3 million or 9.8 pence per diluted share for the same period a year ago. For the year, the company reported revenue of GBP 1,837.6 million against GBP 1,475.3 million for the same period a year ago. Group revenue for the year increased 25% with strong growth in both Sunbelt and A-Plant.  This revenue growth, combined with ongoing operational efficiency, generated record underlying profit before tax of GBP 490 million against GBP 362 million for the same period a year ago. The group's growth is driven by strong same-store growth supplemented by greenfield openings and bolt-on acquisitions.  In the US this growth is across a range of market sectors.  The dynamics of same store growth and that through greenfields and bolt-ons are different, which is impacting a number of Sunbelt's metrics in the short term. EBITDA was GBP 908.4 million against GBP 689.3 million for the same period a year ago. Operating profit was GBP 541.1 million against GBP 403.6 million for the same period a year ago. Profit on ordinary activities before taxation was GBP 473.8 million against GBP 356.5 million for the same period a year ago. Profit attributable to equity holders of the company was GBP 303.4 million or 60.1 pence per diluted share against GBP 231.2 million or 45.8 pence per diluted share for the same period a year ago. Net cash used in from operating activities was GBP 17.2 million against Net cash generated from operating activities of GBP 23.1 million for the same period a year ago. Capital expenditure for the year was GBP 1,063 million gross and GBP 942 million net of disposal proceeds against GBP 741 million gross and GBP 642 million net a year ago. Net debt at April 30, 2015 was GBP 1,687 million against GBP 1,149 million as at April 30, 2014 while, reflecting strong earnings growth. Underlying operating profit was GBP 556.9 million against GBP 409.2 million for the same period a year ago. Underlying profit attributable to equity holders of the company was GBP 314.1 million or 62.2 pence per diluted share against GBP 233.5 million or 46.3 pence per diluted share for the same period a year ago. The company’s current expectation for fiscal 2016 is that the percentage growth in its rental fleet will be in the mid teens with capital expenditure around GBP 1 billion.  This level of expenditure is consistent with its strategy at this stage in the cycle of investing in organic growth, opening greenfield sites and continuing to reduce its leverage.  As always, its capital expenditure plans remain flexible depending on market conditions and currently, its principal focus is on fleet deliveries through the first quarter of fiscal 2016.

Ashtead Group plc, Q4 2015 Earnings Call, Jun 16, 2015

Ashtead Group plc, Q4 2015 Earnings Call, Jun 16, 2015

 

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AHT Competitors

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Company Last Change
Finning International Inc C$21.33 CAD +0.20
H&E Equipment Services Inc $13.82 USD -0.39
Hertz Global Holdings Inc $15.79 USD -0.14
Toromont Industries Ltd C$31.60 CAD -0.07
United Rentals Inc $65.16 USD +0.44
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Industry Analysis

AHT

Industry Average

Valuation AHT Industry Range
Price/Earnings 15.8x
Price/Sales 2.3x
Price/Book 4.3x
Price/Cash Flow 7.1x
TEV/Sales 2.3x
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