- Ashtead‘s 4Q Performance:
- Revenue: $2.63 billion (missed estimate of $2.66 billion)
- Rental Revenue: $2.31 billion (missed estimate of $2.33 billion)
- EBITDA: $1.14 billion (missed estimate of $1.17 billion)
- Adjusted Pretax Profit: $445.6 million (missed estimate of $461 million)
- Operating Profit: $561.2 million (missed estimate of $588.5 million)
- Adjusted EPS: 79.3 cents (missed estimate of 80.8 cents)
- Annual Performance:
- Revenue: $10.86 billion (slightly missed estimate of $10.88 billion)
- Rental Revenue: $9.63 billion (exceeded estimate of $9.12 billion)
- EBITDA: $4.89 billion (missed estimate of $4.93 billion)
- Adjusted Pretax Profit: $2.23 billion (missed estimate of $2.24 billion)
- Free Cash Flow: $216.5 million (exceeded estimate of $144.5 million)
- Comments: Higher interest expenses due to the interest rate environment and increased debt levels led to a slight decrease in adjusted pretax profit compared to the previous year.
- Analyst Rating: 15 buys, 6 holds, 0 sells
A look at Ashtead Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Ashtead Group Plc, an international equipment rental company, shows a promising long-term outlook according to Smartkarma’s Smart Scores. With a growth score of 4 and momentum score of 4, Ashtead is positioned well for future expansion and market performance. This indicates strong potential for the company to continue growing and maintaining positive momentum in the coming years, reflecting a favorable outlook for investors.
While Ashtead scores moderately on value, dividend, and resilience, the standout scores in growth and momentum suggest a dynamic and forward-moving trajectory for the company. Ashtead‘s focus on renting construction and industrial equipment, primarily in the US through its subsidiary Sunbelt Rentals and in the UK through A-Plant, positions it as a key player in the industry with room for further development and profitability in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
