Ashtead Group PLC (AHT) - Net Assets
Based on the latest financial reports, Ashtead Group PLC (AHT) has net assets worth GBX7.62 Billion GBX (≈ $926.53K USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX22.31 Billion ≈ $2.71 Million USD) and total liabilities (GBX14.70 Billion ≈ $1.79 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Ashtead Group PLC asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX7.62 Billion |
| % of Total Assets | 34.13% |
| Annual Growth Rate | 26.26% |
| 5-Year Change | 133.97% |
| 10-Year Change | 417.5% |
| Growth Volatility | 44.57 |
Ashtead Group PLC - Net Assets Trend (1986–2025)
This chart illustrates how Ashtead Group PLC's net assets have evolved over time, based on quarterly financial data. Also explore how large is Ashtead Group PLC's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Ashtead Group PLC (1986–2025)
The table below shows the annual net assets of Ashtead Group PLC from 1986 to 2025. For live valuation and market cap data, see market value of Ashtead Group PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | GBX7.67 Billion ≈ $932.99K |
+8.24% |
| 2024-04-30 | GBX7.08 Billion ≈ $861.99K |
+17.92% |
| 2023-04-30 | GBX6.01 Billion ≈ $731.00K |
+19.36% |
| 2022-04-30 | GBX5.03 Billion ≈ $612.46K |
+53.59% |
| 2021-04-30 | GBX3.28 Billion ≈ $398.76K |
+10.54% |
| 2020-04-30 | GBX2.96 Billion ≈ $360.73K |
+6.98% |
| 2019-04-30 | GBX2.77 Billion ≈ $337.20K |
+8.10% |
| 2018-04-30 | GBX2.56 Billion ≈ $311.94K |
+29.56% |
| 2017-04-30 | GBX1.98 Billion ≈ $240.76K |
+33.54% |
| 2016-04-30 | GBX1.48 Billion ≈ $180.29K |
+32.14% |
| 2015-04-30 | GBX1.12 Billion ≈ $136.44K |
+36.45% |
| 2014-04-30 | GBX821.83 Million ≈ $99.99K |
+20.89% |
| 2013-04-30 | GBX679.81 Million ≈ $82.71K |
+21.93% |
| 2012-04-30 | GBX557.55 Million ≈ $67.84K |
+15.38% |
| 2011-04-30 | GBX483.21 Million ≈ $58.79K |
-3.92% |
| 2010-04-30 | GBX502.90 Million ≈ $61.19K |
-4.13% |
| 2009-04-30 | GBX524.56 Million ≈ $63.82K |
+18.67% |
| 2008-04-30 | GBX442.03 Million ≈ $53.78K |
+10.86% |
| 2007-04-30 | GBX398.73 Million ≈ $48.51K |
+53.02% |
| 2006-04-30 | GBX260.57 Million ≈ $31.70K |
+117.29% |
| 2005-04-30 | GBX119.92 Million ≈ $14.59K |
-9.02% |
| 2004-04-30 | GBX131.81 Million ≈ $16.04K |
-17.88% |
| 2003-04-30 | GBX160.52 Million ≈ $19.53K |
-17.09% |
| 2002-04-30 | GBX193.59 Million ≈ $23.55K |
-3.89% |
| 2001-04-30 | GBX201.42 Million ≈ $24.51K |
-14.06% |
| 2000-04-30 | GBX234.37 Million ≈ $28.52K |
+9.50% |
| 1999-04-30 | GBX214.04 Million ≈ $26.04K |
+38.96% |
| 1998-04-30 | GBX154.03 Million ≈ $18.74K |
+27.63% |
| 1997-04-30 | GBX120.69 Million ≈ $14.68K |
+11.77% |
| 1996-04-30 | GBX107.97 Million ≈ $13.14K |
+120.89% |
| 1995-04-30 | GBX48.88 Million ≈ $5.95K |
+12.67% |
| 1994-04-30 | GBX43.38 Million ≈ $5.28K |
+111.98% |
| 1993-04-30 | GBX20.47 Million ≈ $2.49K |
+2.91% |
| 1992-04-30 | GBX19.89 Million ≈ $2.42K |
+2.48% |
| 1991-04-30 | GBX19.41 Million ≈ $2.36K |
+30.37% |
| 1990-04-30 | GBX14.89 Million ≈ $1.81K |
+25.51% |
| 1989-04-30 | GBX11.86 Million ≈ $1.44K |
+121.15% |
| 1988-04-30 | GBX5.36 Million ≈ $652.53 |
+147.19% |
| 1987-04-30 | GBX2.17 Million ≈ $263.98 |
+151.78% |
| 1986-04-30 | GBX861.69K ≈ $104.84 |
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Equity Component Analysis
This analysis shows how different components contribute to Ashtead Group PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1528326.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX8.97 Billion | 117.03% |
| Common Stock | GBX81.80 Million | 1.07% |
| Total Equity | GBX7.67 Billion | 100.00% |
Ashtead Group PLC Competitors by Market Cap
The table below lists competitors of Ashtead Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hsin Tai Gas Co Ltd
TWO:8917
|
$268.01 Million |
|
BRT Realty Trust
NYSE:BRT
|
$268.04 Million |
|
Dexus Convenience Retail REIT
AU:DXC
|
$268.05 Million |
|
I-MAB SPONS.ADS/1 -0001
F:0VY
|
$268.17 Million |
|
Smart Eye AB
ST:SEYE
|
$267.85 Million |
|
AMC Networks Inc
NASDAQ:AMCX
|
$267.64 Million |
|
North-Star International Co Ltd
TWO:8927
|
$267.54 Million |
|
Taiwan Kong King Co Ltd
TWO:3093
|
$267.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ashtead Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,107,571,269 to 7,668,100,000, a change of 560,528,731 (7.9%).
- Net income of 1,510,500,000 contributed positively to equity growth.
- Dividend payments of 544,200,000 reduced retained earnings.
- Share repurchases of 427,400,000 reduced equity.
- Other comprehensive income increased equity by 194,465,519.
- Other factors decreased equity by 172,836,788.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX1.51 Billion | +19.7% |
| Dividends Paid | GBX544.20 Million | -7.1% |
| Share Repurchases | GBX427.40 Million | -5.57% |
| Other Comprehensive Income | GBX194.47 Million | +2.54% |
| Other Changes | GBX-172.84 Million | -2.25% |
| Total Change | GBX- | 7.89% |
Book Value vs Market Value Analysis
This analysis compares Ashtead Group PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 302.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 138060.54x to 302.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-04-30 | GBX0.04 | GBX5326.00 | x |
| 1987-04-30 | GBX0.03 | GBX5326.00 | x |
| 1988-04-30 | GBX0.05 | GBX5326.00 | x |
| 1989-04-30 | GBX0.08 | GBX5326.00 | x |
| 1990-04-30 | GBX0.10 | GBX5326.00 | x |
| 1991-04-30 | GBX0.15 | GBX5326.00 | x |
| 1992-04-30 | GBX0.12 | GBX5326.00 | x |
| 1993-04-30 | GBX0.13 | GBX5326.00 | x |
| 1994-04-30 | GBX0.24 | GBX5326.00 | x |
| 1995-04-30 | GBX0.24 | GBX5326.00 | x |
| 1996-04-30 | GBX0.49 | GBX5326.00 | x |
| 1997-04-30 | GBX0.40 | GBX5326.00 | x |
| 1998-04-30 | GBX0.49 | GBX5326.00 | x |
| 1999-04-30 | GBX0.63 | GBX5326.00 | x |
| 2000-04-30 | GBX0.66 | GBX5326.00 | x |
| 2001-04-30 | GBX0.57 | GBX5326.00 | x |
| 2002-04-30 | GBX0.28 | GBX5326.00 | x |
| 2003-04-30 | GBX0.23 | GBX5326.00 | x |
| 2004-04-30 | GBX0.38 | GBX5326.00 | x |
| 2005-04-30 | GBX0.34 | GBX5326.00 | x |
| 2006-04-30 | GBX0.57 | GBX5326.00 | x |
| 2007-04-30 | GBX0.77 | GBX5326.00 | x |
| 2008-04-30 | GBX0.80 | GBX5326.00 | x |
| 2009-04-30 | GBX1.04 | GBX5326.00 | x |
| 2010-04-30 | GBX1.00 | GBX5326.00 | x |
| 2011-04-30 | GBX0.96 | GBX5326.00 | x |
| 2012-04-30 | GBX1.09 | GBX5326.00 | x |
| 2013-04-30 | GBX1.34 | GBX5326.00 | x |
| 2014-04-30 | GBX1.63 | GBX5326.00 | x |
| 2015-04-30 | GBX2.22 | GBX5326.00 | x |
| 2016-04-30 | GBX2.94 | GBX5326.00 | x |
| 2017-04-30 | GBX3.95 | GBX5326.00 | x |
| 2018-04-30 | GBX5.15 | GBX5326.00 | x |
| 2019-04-30 | GBX5.75 | GBX5326.00 | x |
| 2020-04-30 | GBX6.47 | GBX5326.00 | x |
| 2021-04-30 | GBX7.29 | GBX5326.00 | x |
| 2022-04-30 | GBX11.26 | GBX5326.00 | x |
| 2023-04-30 | GBX13.60 | GBX5326.00 | x |
| 2024-04-30 | GBX16.17 | GBX5326.00 | x |
| 2025-04-30 | GBX17.60 | GBX5326.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ashtead Group PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.00%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.83x
- Recent ROE (19.70%) is above the historical average (17.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 43.26% | 10.34% | 0.87x | 4.82x | GBX286.56K |
| 1987 | 31.65% | 13.41% | 0.55x | 4.27x | GBX469.81K |
| 1988 | 39.46% | 16.25% | 0.79x | 3.07x | GBX1.58 Million |
| 1989 | 33.69% | 16.34% | 0.69x | 2.97x | GBX2.57 Million |
| 1990 | 36.92% | 17.38% | 0.69x | 3.07x | GBX3.70 Million |
| 1991 | 12.79% | 7.90% | 0.65x | 2.49x | GBX538.86K |
| 1992 | 8.08% | 5.23% | 0.74x | 2.07x | GBX-380.62K |
| 1993 | 10.75% | 6.46% | 0.75x | 2.21x | GBX153.19K |
| 1994 | 12.75% | 12.63% | 0.63x | 1.61x | GBX1.19 Million |
| 1995 | 20.90% | 15.16% | 0.67x | 2.05x | GBX5.33 Million |
| 1996 | 12.26% | 13.76% | 0.52x | 1.73x | GBX2.44 Million |
| 1997 | 18.29% | 14.97% | 0.59x | 2.07x | GBX10.01 Million |
| 1998 | 18.92% | 14.37% | 0.49x | 2.69x | GBX13.74 Million |
| 1999 | 17.55% | 14.69% | 0.47x | 2.54x | GBX16.17 Million |
| 2000 | 17.44% | 13.66% | 0.48x | 2.65x | GBX17.44 Million |
| 2001 | 1.09% | 0.40% | 0.50x | 5.49x | GBX-17.95 Million |
| 2002 | 1.90% | 0.63% | 0.56x | 5.33x | GBX-15.68 Million |
| 2003 | -20.62% | -6.15% | 0.62x | 5.43x | GBX-49.15 Million |
| 2004 | -26.40% | -7.00% | 0.67x | 5.65x | GBX-47.98 Million |
| 2005 | 15.20% | 3.48% | 0.68x | 6.46x | GBX6.24 Million |
| 2006 | 21.53% | 8.71% | 0.68x | 3.64x | GBX30.03 Million |
| 2007 | 1.99% | 0.90% | 0.55x | 4.02x | GBX-31.93 Million |
| 2008 | 17.62% | 7.41% | 0.63x | 3.79x | GBX33.70 Million |
| 2009 | 11.98% | 5.60% | 0.60x | 3.54x | GBX10.37 Million |
| 2010 | 0.42% | 0.25% | 0.50x | 3.38x | GBX-48.18 Million |
| 2011 | 0.19% | 0.09% | 0.59x | 3.32x | GBX-47.42 Million |
| 2012 | 15.95% | 7.80% | 0.60x | 3.40x | GBX33.20 Million |
| 2013 | 20.34% | 10.19% | 0.60x | 3.33x | GBX70.27 Million |
| 2014 | 28.04% | 14.14% | 0.61x | 3.24x | GBX148.30 Million |
| 2015 | 27.30% | 14.88% | 0.53x | 3.47x | GBX193.96 Million |
| 2016 | 27.53% | 16.01% | 0.54x | 3.21x | GBX259.80 Million |
| 2017 | 25.43% | 15.72% | 0.52x | 3.11x | GBX305.33 Million |
| 2018 | 38.34% | 26.14% | 0.55x | 2.67x | GBX726.56 Million |
| 2019 | 28.46% | 17.71% | 0.54x | 2.98x | GBX511.49 Million |
| 2020 | 24.89% | 14.64% | 0.48x | 3.54x | GBX441.38 Million |
| 2021 | 20.18% | 13.11% | 0.54x | 2.84x | GBX333.63 Million |
| 2022 | 24.85% | 15.71% | 0.52x | 3.04x | GBX747.73 Million |
| 2023 | 26.93% | 16.73% | 0.52x | 3.12x | GBX1.02 Billion |
| 2024 | 22.49% | 14.72% | 0.50x | 3.05x | GBX887.64 Million |
| 2025 | 19.70% | 14.00% | 0.50x | 2.83x | GBX743.69 Million |
Industry Comparison
This section compares Ashtead Group PLC's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $152,718,280
- Average return on equity (ROE) among peers: 10.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ashtead Group PLC (AHT) | GBX7.62 Billion | 43.26% | 1.93x | $268.00 Million |
| Amedeo Air Four Plus Limited (AA4) | $769.91 Million | 29.67% | 2.04x | $2.25 Million |
| Anexo Group Plc (ANX) | $146.35 Million | 13.31% | 0.69x | $393.45K |
| Andrews Sykes Group plc (ASY) | $15.11 Million | 32.65% | 2.00x | $2.60 Million |
| Avation PLC (AVAP) | $121.06K | 16.06% | 0.56x | $1.05 Million |
| Doric Nimrod Air Three Ltd (DNA3) | $71.24 Million | 41.51% | 1.93x | $1.71 Million |
| DP Aircraft I Limited (DPA) | $36.35 Million | -60.13% | 3.12x | $39.68 Million |
| HSS Hire Group PLC (HSS) | $71.46 Million | -6.19% | 5.14x | $713.55K |
| Speedy Hire PLC (SDY) | $234.00 Million | 0.09% | 0.86x | $1.09 Million |
| Vp plc (VP) | $29.93 Million | 23.58% | 1.48x | $2.24 Million |
About Ashtead Group PLC
Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, structures and fencing, trench shoring, and lifting solutions. The com… Read more