Ashtead Group plc
ASHTF
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+ FollowMarket Cap$28.95B
Close$
Earnings Call Q2 2026
December 9, 2025 - AI Summary
Solid Financial Performance: Ashtead Group reported a 2% growth in group rental revenue for the first half and a 1% growth in Q2 year-on-year, aligning with previous guidance. Free cash flow surged by 164% year-on-year to $1.1 billion, underlining the company's resilience amid a quieter hurricane season, which had adversely impacted revenues last year.
Strategic Shareholder Returns: The company announced a new share buyback program of up to $1.5 billion, following the completion of the existing program. Over $1 billion has already been returned to shareholders via dividends and buybacks, showcasing strong returns amidst growing free cash flow.
Optimistic Market Outlook: Management reaffirmed full-year guidance for rental revenue growth, CapEx between $1.8 billion and $2.2 billion, and free cash flow between $2.2 billion and $2.5 billion. Positive trends in leading indicators suggest a recovery in local non-residential construction markets, with a significant focus on mega projects and regional/national strategic accounts.
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$37.62
46.3% downside
Current Fair Value
46.3% downsideOvervalued by 46.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $28.95 Billion |
|---|---|
| Enterprise Value | $39.38 Billion |
| Dividend Yield | $1.09 (-) |
| Earnings per Share | $3.47 |
| Beta | 1.13 |
| Outstanding Shares | 417,543,135 |
Return
| Return on Equity | 18.29% |
|---|---|
| Return on Assets | 6.24% |
| Return on Invested Capital | 11.70% |
Valuation & Multiples
| P/E Ratio | 25.63 |
|---|---|
| PEG | -402.96 |
| Price to Sales | 2.69 |
| Price to Book Ratio | 3.89 |
| Enterprise Value to Revenue | 3.6 |
| Enterprise Value to EBIT | 16.78 |
| Enterprise Value to Net Income | 28 |
| Total Debt to Enterprise | 0.27 |
| Debt to Equity | 1.37 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
March 12, 2026
EPS Estimate
-
Average shareholder expectationRevenue Estimate
$2.60 B
Average shareholder expectationInstitutional Sentiment (Put/Call)
No data available for the latest quarter.
Institutional Ownership
No data available for the latest quarter.
ESG Score
No data
About Ashtead Group Plc
CEO: Brendan Horgan Ashtead Group Plc engages in the provision of equipment rental services. The company offers a full range of construction and industrial equipment used in lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, hea...