Ashtead Gro
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 Gro (ASHTY) - Net Assets
Latest net assets as of October 2025: $7.42 Billion USD
Based on the latest financial reports, Ashtead Gro (ASHTY) 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 Gro - Net Assets Trend (1986–2025)
This chart illustrates how Ashtead Gro'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 Gro (1986–2025)
The table below shows the annual net assets of Ashtead Gro 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 Gro'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% |
| Total Equity | $7.67 Billion | 100.00% |
Ashtead Gro Competitors by Market Cap
The table below lists competitors of Ashtead Gro ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DTE Energy Company
NYSE:DTE
|
$30.10 Billion |
|
Luxshare Precision Industry Co Ltd
SHE:002475
|
$30.11 Billion |
|
Nokia
ST:NOKIA-SEK
|
$30.16 Billion |
|
M&T Bank Corporation
NYSE:MTB
|
$30.25 Billion |
|
Copart Inc
NASDAQ:CPRT
|
$30.07 Billion |
|
Daito Trust Construction Co.Ltd
PINK:DITTF
|
$30.07 Billion |
|
Teledyne Technologies Incorporated
NYSE:TDY
|
$30.04 Billion |
|
Walmart Inc
SA:WALM34
|
$29.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ashtead Gro's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,084,600,000 to 7,668,100,000, a change of 583,500,000 (8.2%).
- 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 243,500,000.
- Other factors decreased equity by 198,900,000.
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 | $243.50 Million | +3.18% |
| Other Changes | $-198.90 Million | -2.59% |
| Total Change | $- | 8.24% |
Book Value vs Market Value Analysis
This analysis compares Ashtead Gro'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: 2.72x
- 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 1237.78x to 2.72x 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 | $0.15 | $191.00 | x |
| 1987-04-30 | $0.14 | $191.00 | x |
| 1988-04-30 | $0.20 | $191.00 | x |
| 1989-04-30 | $0.33 | $191.00 | x |
| 1990-04-30 | $0.42 | $191.00 | x |
| 1991-04-30 | $0.60 | $191.00 | x |
| 1992-04-30 | $0.50 | $191.00 | x |
| 1993-04-30 | $0.51 | $191.00 | x |
| 1994-04-30 | $0.95 | $191.00 | x |
| 1995-04-30 | $0.94 | $191.00 | x |
| 1996-04-30 | $1.96 | $191.00 | x |
| 1997-04-30 | $1.61 | $191.00 | x |
| 1998-04-30 | $1.95 | $191.00 | x |
| 1999-04-30 | $2.53 | $191.00 | x |
| 2000-04-30 | $2.64 | $191.00 | x |
| 2001-04-30 | $2.28 | $191.00 | x |
| 2002-04-30 | $1.10 | $191.00 | x |
| 2003-04-30 | $0.92 | $191.00 | x |
| 2004-04-30 | $1.51 | $191.00 | x |
| 2005-04-30 | $1.36 | $191.00 | x |
| 2006-04-30 | $2.29 | $191.00 | x |
| 2007-04-30 | $3.07 | $191.00 | x |
| 2008-04-30 | $3.22 | $191.00 | x |
| 2009-04-30 | $4.16 | $191.00 | x |
| 2010-04-30 | $4.01 | $191.00 | x |
| 2011-04-30 | $3.83 | $191.00 | x |
| 2012-04-30 | $4.36 | $191.00 | x |
| 2013-04-30 | $5.36 | $191.00 | x |
| 2014-04-30 | $6.51 | $191.00 | x |
| 2015-04-30 | $8.89 | $191.00 | x |
| 2016-04-30 | $11.77 | $191.00 | x |
| 2017-04-30 | $15.80 | $191.00 | x |
| 2018-04-30 | $20.58 | $191.00 | x |
| 2019-04-30 | $23.01 | $191.00 | x |
| 2020-04-30 | $25.89 | $191.00 | x |
| 2021-04-30 | $29.18 | $191.00 | x |
| 2022-04-30 | $45.02 | $191.00 | x |
| 2023-04-30 | $54.38 | $191.00 | x |
| 2024-04-30 | $64.48 | $191.00 | x |
| 2025-04-30 | $70.20 | $191.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ashtead Gro 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 | 22.56% | 14.72% | 0.50x | 3.06x | $889.94 Million |
| 2025 | 19.70% | 14.00% | 0.50x | 2.83x | $743.69 Million |
Industry Comparison
This section compares Ashtead Gro's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,514,666,348
- Average return on equity (ROE) among peers: -26.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ashtead Gro (ASHTY) | $7.42 Billion | 43.26% | 1.97x | $30.08 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 Group plc (ASHTF) | $3.28 Billion | 20.18% | 1.84x | $20.11 Billion |