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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ashtead Group    AHT   GB0000536739

ASHTEAD GROUP

(AHT)
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Real-time Quote. Real-time CHI-X - 07/24 05:18:25 am
2233.5 GBp   -0.56%
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Ashtead : annual profit rises 17% on Sunbelt growth

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06/18/2019 | 02:47am EDT

(Reuters) - Equipment rental company Ashtead Group Plc said on Tuesday its full-year profit rose 17% as its U.S. Sunbelt business benefited from higher demand for industrial gear.

The FTSE-100 company, which rents out diggers, construction tools and other equipment, said underlying pretax profit rose to 1.11 billion pounds ($1.39 billion) in the year ended April 30, from 927.3 million pounds a year earlier.

Total revenue at Sunbelt U.S. increased 20% to $4.99 billion from a year earlier, driving a 19% rise in the group's overall revenue at 4.50 billion pounds ($5.64 billion). The results were broadly in line with market estimates, according to Refinitiv Eikon data.

The company also benefited from Brexit-driven weakness in the pound, which has helped increase the value of dollar revenues from the United States.

The pound, which has fallen 15% against the dollar since the referendum in June 2016, tumbled to a 5-1/2-month low of $1.2532 on Monday on rising worries Boris Johnson, the front-runner to replace UK Prime Minister Theresa May, could put Britain on a path towards a dreaded no-deal Brexit.

Shares of Ashtead, which gets nearly 90% of its revenue from the United States, have fallen over 17% in the last 12 months weighed down by worries over a U.S.-China trade dispute and fears of an economic slowdown in the United States.

(Reporting by Justin George Varghese in Bengaluru; Editing by Bernard Orr and Gopakumar Warrier)

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Financials (GBP)
Sales 2020 5 129 M
EBIT 2020 1 448 M
Net income 2020 913 M
Debt 2020 3 794 M
Yield 2020 1,89%
P/E ratio 2020 11,5x
P/E ratio 2021 10,4x
EV / Sales2020 2,76x
EV / Sales2021 2,51x
Capitalization 10 382 M
Chart ASHTEAD GROUP
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Technical analysis trends ASHTEAD GROUP
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 2 511,36  GBp
Last Close Price 2 246,00  GBp
Spread / Highest target 33,6%
Spread / Average Target 11,8%
Spread / Lowest Target -13,2%
EPS Revisions
Managers
NameTitle
Geoffrey Drabble Chief Executive Officer & Executive Director
Paul Ashton Walker Chairman
Brendan Horgan Chief Operating Officer & Executive Director
Michael Pratt Finance Director, Treasurer & Executive Director
Lucinda Jane Riches Independent Non-Executive Director
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