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 29,980 - -
Change - 11.3% 28.01% -29.84% 39.77% -4.53% - -
Enterprise Value (EV) 1 29,638 33,978 42,680 32,799 38,957 38,461 37,667 36,389
Change - 14.64% 25.61% -23.15% 18.77% -1.27% -2.06% -3.39%
P/E - - - - 24.3x 18.7x 16.4x 14.4x
PBR - - - - 4.24x 3.83x 3.37x 3x
PEG - - - - - 0.8x 1.1x 1x
Capitalization / Revenue 2.82x 2.59x 2.95x 2.08x 2.82x 2.53x 2.37x 2.21x
EV / Revenue 3.72x 3.51x 3.93x 3.04x 3.49x 3.25x 2.98x 2.69x
EV / EBITDA 8.21x 7.7x 8.72x 6.55x 8.33x 7.66x 6.9x 6.16x
EV / EBIT 14.4x 12.9x 15.4x 12.2x 15.6x 14.5x 12.8x 11.1x
EV / FCF 26.3x 63.9x 197x 18.3x 19x 24.7x 22.7x 19.4x
FCF Yield 3.8% 1.56% 0.51% 5.46% 5.28% 4.05% 4.4% 5.16%
Dividend per Share 2 - - - - 1.1 1.178 1.321 1.476
Rate of return - - - - 1.44% 1.61% 1.8% 2.02%
EPS 2 - - - - 3.15 3.912 4.474 5.089
Distribution rate - - - - 34.9% 30.1% 29.5% 29%
Net sales 1 7,962 9,667 10,859 10,792 11,154 11,844 12,656 13,541
EBITDA 1 3,609 4,412 4,893 5,006 4,677 5,022 5,460 5,909
EBIT 1 2,056 2,640 2,775 2,687 2,500 2,648 2,951 3,276
Net income 1 1,251 1,618 1,598 1,510 1,325 1,545 1,758 1,978
Net Debt 1 7,160 8,960 10,655 10,331 7,554 8,480 7,687 6,409
Reference price 2 50.80 57.18 73.38 52.16 76.53 73.20 73.20 73.20
Nbr of stocks (in thousands) 442,473 437,493 436,399 430,743 410,331 409,569 - -
Announcement Date 14/06/22 13/06/23 18/06/24 17/06/25 23/06/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.43x4.43x9.75x0.76% 64.13B
18.71x3.25x7.66x1.61% 29.98B
31.19x2.71x6.45x1.9% 5.03B
54.33x1.51x4.24x-.--% 4.49B
17.5x - - 1.76% 2.74B
11.98x - - - 1.13B
14.56x0.65x2.59x1.99% 1.12B
Average 24.38x 2.51x 6.14x 1.34% 15.52B
Weighted average by Cap. 22.81x 3.84x 8.68x 1.05%

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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