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 30,232 - -
Change - 11.3% 28.01% -29.84% 39.77% -3.73% - -
Enterprise Value (EV) 1 29,638 33,978 42,680 32,799 38,957 39,321 38,625 37,479
Change - 14.64% 25.61% -23.15% 18.77% 0.94% -1.77% -2.97%
P/E - - - - 24.3x 18.6x 16.3x 14.2x
PBR - - - - 4.24x 4.02x 3.65x 3.31x
PEG - - - - - 0.7x 1.2x 0.9x
Capitalization / Revenue 2.82x 2.59x 2.95x 2.08x 2.82x 2.5x 2.34x 2.18x
EV / Revenue 3.72x 3.51x 3.93x 3.04x 3.49x 3.25x 2.98x 2.7x
EV / EBITDA 8.21x 7.7x 8.72x 6.55x 8.33x 7.74x 6.96x 6.23x
EV / EBIT 14.4x 12.9x 15.4x 12.2x 15.6x 14.4x 12.8x 11.2x
EV / FCF 26.3x 63.9x 197x 18.3x 19x 30.9x 26.9x 20.3x
FCF Yield 3.8% 1.56% 0.51% 5.46% 5.28% 3.23% 3.72% 4.92%
Dividend per Share 2 - - - - 1.125 1.24 1.308 1.461
Rate of return - - - - 1.47% 1.68% 1.77% 1.98%
EPS 2 - - - - 3.15 3.958 4.514 5.199
Distribution rate - - - - 35.7% 31.3% 29% 28.1%
Net sales 1 7,962 9,667 10,859 10,792 11,154 12,101 12,940 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 3,016 3,346
Net income 1 1,251 1,618 1,598 1,510 1,325 1,596 1,822 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 73.78 73.78 73.78
Nbr of stocks (in thousands) 4,42,473 4,37,493 4,36,399 4,30,743 4,10,331 4,09,765 - -
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.($)
22.43x4.43x9.75x0.75% 6.42TCr
18.64x3.25x7.74x1.68% 3.02TCr
28.76x2.63x6.24x2.08% 458.78Cr
55.46x1.53x4.29x-.--% 458.1Cr
17.65x - - 1.75% 276.6Cr
14.32x0.68x2.73x2.02% 117.13Cr
11.31x4.45x7.01x - 114.98Cr
Average 24.08x 2.83x 6.29x 1.38% 1.55TCr
Weighted average by Cap. 22.71x 3.85x 8.68x 1.08%

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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