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
Ashtead Group plc (ASHTF) - Net Assets
Latest net assets as of October 2025: $7.42 Billion USD
Based on the latest financial reports, Ashtead Group plc (ASHTF) has net assets worth $7.42 Billion USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($22.06 Billion) and total liabilities ($14.65 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.42 Billion |
| % of Total Assets | 33.61% |
| 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. Explore and compare other companies by net assets.
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.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | $7.67 Billion | +8.24% |
| 2024-04-30 | $7.08 Billion | +17.92% |
| 2023-04-30 | $6.01 Billion | +19.36% |
| 2022-04-30 | $5.03 Billion | +53.59% |
| 2021-04-30 | $3.28 Billion | +10.54% |
| 2020-04-30 | $2.96 Billion | +6.98% |
| 2019-04-30 | $2.77 Billion | +8.10% |
| 2018-04-30 | $2.56 Billion | +29.56% |
| 2017-04-30 | $1.98 Billion | +33.54% |
| 2016-04-30 | $1.48 Billion | +32.14% |
| 2015-04-30 | $1.12 Billion | +36.45% |
| 2014-04-30 | $821.83 Million | +20.89% |
| 2013-04-30 | $679.81 Million | +21.93% |
| 2012-04-30 | $557.55 Million | +15.38% |
| 2011-04-30 | $483.21 Million | -3.92% |
| 2010-04-30 | $502.90 Million | -4.13% |
| 2009-04-30 | $524.56 Million | +18.67% |
| 2008-04-30 | $442.03 Million | +10.86% |
| 2007-04-30 | $398.73 Million | +53.02% |
| 2006-04-30 | $260.57 Million | +117.29% |
| 2005-04-30 | $119.92 Million | -9.02% |
| 2004-04-30 | $131.81 Million | -17.88% |
| 2003-04-30 | $160.52 Million | -17.09% |
| 2002-04-30 | $193.59 Million | -3.89% |
| 2001-04-30 | $201.42 Million | -14.06% |
| 2000-04-30 | $234.37 Million | +9.50% |
| 1999-04-30 | $214.04 Million | +38.96% |
| 1998-04-30 | $154.03 Million | +27.63% |
| 1997-04-30 | $120.69 Million | +11.77% |
| 1996-04-30 | $107.97 Million | +120.89% |
| 1995-04-30 | $48.88 Million | +12.67% |
| 1994-04-30 | $43.38 Million | +111.98% |
| 1993-04-30 | $20.47 Million | +2.91% |
| 1992-04-30 | $19.89 Million | +2.48% |
| 1991-04-30 | $19.41 Million | +30.37% |
| 1990-04-30 | $14.89 Million | +25.51% |
| 1989-04-30 | $11.86 Million | +121.15% |
| 1988-04-30 | $5.36 Million | +147.19% |
| 1987-04-30 | $2.17 Million | +151.78% |
| 1986-04-30 | $861.69K | -- |
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 | $8.97 Billion | 117.03% |
| Common Stock | $81.80 Million | 1.07% |
| Other Comprehensive Income | $-188.23 Million | -2.45% |
| Total Equity | $7.67 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 |
|---|---|
|
China Overseas Land Investment
PINK:CAOVY
|
$20.11 Billion |
|
Novozymes A/S B
PINK:NVZMF
|
$20.13 Billion |
|
Bunge Global SA
LSE:0ADJ
|
$20.14 Billion |
|
Aristocrat Leisure Limited
PINK:ARLUF
|
$20.17 Billion |
|
Novozymes AS
PINK:NVZMY
|
$20.10 Billion |
|
CH Robinson Worldwide Inc
NASDAQ:CHRW
|
$20.09 Billion |
|
Legal & General Group Plc
PINK:LGGNY
|
$20.09 Billion |
|
Grupo Cibest S.A.
NYSE:CIB
|
$20.07 Billion |
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 7,069,040,642 to 7,668,100,000, a change of 599,059,358 (8.5%).
- 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 199,032,476.
- Other factors decreased equity by 138,873,118.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.51 Billion | +19.7% |
| Dividends Paid | $544.20 Million | -7.1% |
| Share Repurchases | $427.40 Million | -5.57% |
| Other Comprehensive Income | $199.03 Million | +2.6% |
| Other Changes | $-138.87 Million | -1.81% |
| Total Change | $- | 8.47% |
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: 2.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1257.22x to 2.76x 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 | $0.04 | $48.50 | x |
| 1987-04-30 | $0.03 | $48.50 | x |
| 1988-04-30 | $0.05 | $48.50 | x |
| 1989-04-30 | $0.08 | $48.50 | x |
| 1990-04-30 | $0.10 | $48.50 | x |
| 1991-04-30 | $0.15 | $48.50 | x |
| 1992-04-30 | $0.12 | $48.50 | x |
| 1993-04-30 | $0.13 | $48.50 | x |
| 1994-04-30 | $0.24 | $48.50 | x |
| 1995-04-30 | $0.24 | $48.50 | x |
| 1996-04-30 | $0.49 | $48.50 | x |
| 1997-04-30 | $0.40 | $48.50 | x |
| 1998-04-30 | $0.49 | $48.50 | x |
| 1999-04-30 | $0.63 | $48.50 | x |
| 2000-04-30 | $0.66 | $48.50 | x |
| 2001-04-30 | $0.57 | $48.50 | x |
| 2002-04-30 | $0.28 | $48.50 | x |
| 2003-04-30 | $0.23 | $48.50 | x |
| 2004-04-30 | $0.38 | $48.50 | x |
| 2005-04-30 | $0.34 | $48.50 | x |
| 2006-04-30 | $0.57 | $48.50 | x |
| 2007-04-30 | $0.77 | $48.50 | x |
| 2008-04-30 | $0.80 | $48.50 | x |
| 2009-04-30 | $1.04 | $48.50 | x |
| 2010-04-30 | $1.00 | $48.50 | x |
| 2011-04-30 | $0.96 | $48.50 | x |
| 2012-04-30 | $1.09 | $48.50 | x |
| 2013-04-30 | $1.34 | $48.50 | x |
| 2014-04-30 | $1.63 | $48.50 | x |
| 2015-04-30 | $2.22 | $48.50 | x |
| 2016-04-30 | $2.94 | $48.50 | x |
| 2017-04-30 | $3.95 | $48.50 | x |
| 2018-04-30 | $5.15 | $48.50 | x |
| 2019-04-30 | $5.75 | $48.50 | x |
| 2020-04-30 | $6.47 | $48.50 | x |
| 2021-04-30 | $7.29 | $48.50 | x |
| 2022-04-30 | $11.26 | $48.50 | x |
| 2023-04-30 | $13.60 | $48.50 | x |
| 2024-04-30 | $16.08 | $48.50 | x |
| 2025-04-30 | $17.55 | $48.50 | 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 | $286.56K |
| 1987 | 31.65% | 13.41% | 0.55x | 4.27x | $469.81K |
| 1988 | 39.46% | 16.25% | 0.79x | 3.07x | $1.58 Million |
| 1989 | 33.69% | 16.34% | 0.69x | 2.97x | $2.57 Million |
| 1990 | 36.92% | 17.38% | 0.69x | 3.07x | $3.70 Million |
| 1991 | 12.79% | 7.90% | 0.65x | 2.49x | $538.86K |
| 1992 | 8.08% | 5.23% | 0.74x | 2.07x | $-380.62K |
| 1993 | 10.75% | 6.46% | 0.75x | 2.21x | $153.19K |
| 1994 | 12.75% | 12.63% | 0.63x | 1.61x | $1.19 Million |
| 1995 | 20.90% | 15.16% | 0.67x | 2.05x | $5.33 Million |
| 1996 | 12.26% | 13.76% | 0.52x | 1.73x | $2.44 Million |
| 1997 | 18.29% | 14.97% | 0.59x | 2.07x | $10.01 Million |
| 1998 | 18.92% | 14.37% | 0.49x | 2.69x | $13.74 Million |
| 1999 | 17.55% | 14.69% | 0.47x | 2.54x | $16.17 Million |
| 2000 | 17.44% | 13.66% | 0.48x | 2.65x | $17.44 Million |
| 2001 | 1.09% | 0.40% | 0.50x | 5.49x | $-17.95 Million |
| 2002 | 1.90% | 0.63% | 0.56x | 5.33x | $-15.68 Million |
| 2003 | -20.62% | -6.15% | 0.62x | 5.43x | $-49.15 Million |
| 2004 | -26.40% | -7.00% | 0.67x | 5.65x | $-47.98 Million |
| 2005 | 15.20% | 3.48% | 0.68x | 6.46x | $6.24 Million |
| 2006 | 21.53% | 8.71% | 0.68x | 3.64x | $30.03 Million |
| 2007 | 1.99% | 0.90% | 0.55x | 4.02x | $-31.93 Million |
| 2008 | 17.62% | 7.41% | 0.63x | 3.79x | $33.70 Million |
| 2009 | 11.98% | 5.60% | 0.60x | 3.54x | $10.37 Million |
| 2010 | 0.42% | 0.25% | 0.50x | 3.38x | $-48.18 Million |
| 2011 | 0.19% | 0.09% | 0.59x | 3.32x | $-47.42 Million |
| 2012 | 15.95% | 7.80% | 0.60x | 3.40x | $33.20 Million |
| 2013 | 20.34% | 10.19% | 0.60x | 3.33x | $70.27 Million |
| 2014 | 28.04% | 14.14% | 0.61x | 3.24x | $148.30 Million |
| 2015 | 27.30% | 14.88% | 0.53x | 3.47x | $193.96 Million |
| 2016 | 27.53% | 16.01% | 0.54x | 3.21x | $259.80 Million |
| 2017 | 25.43% | 15.72% | 0.52x | 3.11x | $305.33 Million |
| 2018 | 38.34% | 26.14% | 0.55x | 2.67x | $726.56 Million |
| 2019 | 28.46% | 17.71% | 0.54x | 2.98x | $511.49 Million |
| 2020 | 24.89% | 14.64% | 0.48x | 3.54x | $441.38 Million |
| 2021 | 20.18% | 13.11% | 0.54x | 2.84x | $333.63 Million |
| 2022 | 24.85% | 15.71% | 0.52x | 3.04x | $747.73 Million |
| 2023 | 26.93% | 16.73% | 0.52x | 3.12x | $1.02 Billion |
| 2024 | 22.61% | 14.72% | 0.50x | 3.06x | $891.50 Million |
| 2025 | 19.70% | 14.00% | 0.50x | 2.83x | $743.69 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: $1,199,631,938
- Average return on equity (ROE) among peers: -27.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ashtead Group plc (ASHTF) | $7.42 Billion | 43.26% | 1.97x | $20.11 Billion |
| AerCap Holdings NV (AER) | $95.64 Million | -290.23% | 46.07x | $21.49 Billion |
| Senmiao Technology Ltd (AIHS) | $12.57 Million | -4.27% | 0.58x | $6.15 Million |
| Artificial Intelligence Technology Solutions Inc (AITX) | $-746.83K | 0.00% | 0.00x | $12.64 Million |
| Air Lease Corporation (AL) | $7.16 Billion | 8.58% | 3.25x | $6.80 Billion |
| ALD S.A (ALLDF) | $2.76 Billion | 15.36% | 4.69x | $6.73 Billion |
| Alta Equipment Group Inc (ALTG) | $-8.62K | 0.00% | 0.00x | $101.18 Million |
| TOUAX (ALTOU) | $129.11 Million | -2.48% | 2.40x | $21.06 Million |
| Autohellas S.A (AOHLF) | $195.75 Million | 11.59% | 1.92x | $66.70 Million |
| Ashtead Gro (ASHTY) | $442.03 Million | 17.62% | 2.79x | $30.08 Billion |