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Ashtead Technology Holdings PLC

Ashtead Technology Holdings PLC

AT · LSE · Energy / Oil & Gas Equipment & Services

608.00GBX-1.00 (-0.16%)

Price History

Full chart

Market Stats

Previous Close609.00
Open609.00
Day Range608.00 – 609.00
52-Week Range296.18 – 549.00
Volume163.64K
Market Cap429.34M
P/E (TTM)13.69
Forward P/E7.27
EPS0.39
Dividend Yield0.24%
Beta0.39
50-Day Avg400.49
200-Day Avg420.01

About

Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. The company offers survey and robotics equipment comprising geophysical, hydrographic, metocean, land surveying, positioning, ROV sensors, ROV and diver tooling, non-destructive testing, subsea inspection, remote visual inspection, and environmental products. It also provides mechanical solutions, such as subsea cutting and recovery, coating removal and cleaning, subsea dredging, ROV tooling, intervention skids, offshore support, and ACE lifting, pulling, and deployment. In addition, the company offers asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, ROV inspection services, mooring inspection and analysis, 3D imaging and metrology, riser cleaning, and remote operations. It serves the renewables, oil and gas, decommissioning solutions, and infrastructure and industrial markets. The company was formerly known as Redhill PLC and changed its name to Ashtead Technology Holdings Plc in November 2021. The company was founded in 1985 and is headquartered in Westhill, the United Kingdom.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Equipment & Services
  • CEOMr. Allan William Pirie
  • Employees650
  • HeadquartersAshtead House, Westhill, United Kingdom, AB32 6FG, UK
  • Websitehttps://www.ashtead-technology.com

Leadership

  • Mr. Allan William PirieCEO & Executive Director · b. 1973
  • Ms. Ingrid StewartCFO, Company Secretary & Executive Director · b. 1974
  • Mr. Brett LestrangeChief Operating Officer
  • Mr. Stephen GillespieChief Information Officer
  • Ms. Kola OtekaluHR Director
  • Mr. Phil MiddletonHead of Survey & Robotics
  • Mr. Alan Gordon McLeanHead of Mechanical Solutions
  • Mr. Ross MacLeodHead of Asset Integrity

Financials

Income Statement

Currency: GBP2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue37.71M47.78M42.40M55.80M73.12M110.47M168.04M203.19M
Growth (%)-+26.70%-11.26%+31.61%+31.03%+51.07%+52.12%+20.92%
Cost of Revenue9.98M11.91M11.04M15.26M18.83M24.17M38.62M135.46M
Gross Profit27.73M35.87M31.36M40.54M54.29M86.30M129.42M67.74M
Gross Margin73.55%75.06%73.95%72.65%74.25%78.12%77.02%33.34%
Operating Expense23.46M27.11M29.48M29.07M36.57M55.09M86.63M15.88M
Operating Income4.28M8.76M1.87M11.47M17.72M31.21M42.79M51.85M
Operating Margin11.34%18.33%4.42%20.56%24.23%28.25%25.47%25.52%
EBITDA13.44M18.84M14.75M17.52M27.05M44.15M65.51M81.10M
EBITDA Margin35.65%39.44%34.80%31.40%36.99%39.97%38.98%39.91%
Net Income2.63M5.04M-998.00K2.53M12.37M21.58M28.78M32.21M
Net Income Margin6.97%10.54%-2.35%4.53%16.92%19.53%17.13%15.85%
Interest Expense2.24M2.82M3.85M3.71M1.46M4.00M6.92M10.49M
Interest Expense % of Total Revenue5.95%5.91%9.08%6.64%2.00%3.62%4.12%5.16%

Balance Sheet

Currency: GBP2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets59.10M79.57M106.78M99.76M99.03M136.82M213.69M313.60M323.27M
Total Liabilities31.44M37.56M60.63M55.07M37.90M61.02M116.11M186.28M166.19M
Total Equity27.66M42.02M46.15M44.68M61.13M74.94M97.59M127.33M157.09M
Cash7.32M2.65M4.86M10.96M4.86M9.04M10.82M12.17M14.07M
Total Debt24.39M27.73M51.98M47.14M27.56M37.72M72.51M140.52M122.98M
Net Debt17.07M25.08M47.13M36.19M22.70M28.68M61.68M128.35M108.91M

Cash Flow

Currency: GBP2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow9.63M11.42M14.98M7.24M32.85M39.05M30.12M57.78M
Investing Cash Flow-12.27M-32.88M-3.45M-6.44M-36.91M-68.93M-93.30M-31.94M
Financing Cash Flow-1.83M23.75M-5.17M-7.13M7.98M32.19M65.32M-23.05M
Capital Expenditure8.81M9.29M5.07M7.89M14.45M19.46M29.39M37.20M
Free Cash Flow827.00K2.13M9.91M-653.00K18.40M19.59M729.00K20.59M
Dividends Paid-----796.00K883.00K965.00K
FCF to OCF8.59%18.67%66.14%-9.02%56.01%50.17%2.42%35.63%
Dividend Paid to FCF-----4.06%121.12%4.69%

Key Statistics & Ratios

Market Cap429.34M
Enterprise Value390.33M
Trailing P/E13.69
Forward P/E7.27
Price / Sales2.10
Price / Book1.61
EPS0.39
Book Value2.12
Revenue (TTM)204.25M
Gross Profit (TTM)150.44M
EBITDA77.05M
Profit Margin15.56%
Operating Margin21.03%
Return on Equity20.62%
Return on Assets9.08%
Shares Outstanding80.40M
Shares Float72.78M
Beta0.39
Dividend Yield0.24%
Dividend Rate0.01
Payout Ratio3.33%

Dividends

20261×
0.01Apr 30, 2026
20251×
0.01May 1, 2025
20241×
0.01May 2, 2024
20231×
0.01May 25, 2023