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Ashtead Group plc
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Let's analyse Ashtead Group plc together

PenkeI guess you are interested in Ashtead Group plc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Ashtead Group plc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Ashtead Group plc (30 sec.)










What can you expect buying and holding a share of Ashtead Group plc? (30 sec.)

How much money do you get?

How much money do you get?
€0.15
When do you have the money?
1 year
How often do you get paid?
82.8%

What is your share worth?

Current worth
€14.80
Expected worth in 1 year
€17.34
How sure are you?
89.7%

+ What do you gain per year?

Total Gains per Share
€2.67
Return On Investment
4.0%

For what price can you sell your share?

Current Price per Share
€66.50
Expected price per share
€58.00 - €69.00
How sure are you?
50%

1. Valuation of Ashtead Group plc (5 min.)




Live pricePrice per Share (EOD)

€66.50

Intrinsic Value Per Share

€-29.10 - €-35.49

Total Value Per Share

€-14.30 - €-20.70

2. Growth of Ashtead Group plc (5 min.)




Is Ashtead Group plc growing?

Current yearPrevious yearGrowGrow %
How rich?$6.8b$5.3b$1.1b17.2%

How much money is Ashtead Group plc making?

Current yearPrevious yearGrowGrow %
Making money$404.9m$391.6m$13.2m3.3%
Net Profit Margin15.1%16.7%--

How much money comes from the company's main activities?

3. Financial Health of Ashtead Group plc (5 min.)




4. Comparing to competitors in the Rental & Leasing Services industry (5 min.)




  Industry Rankings (Rental & Leasing Services)  

What can you expect buying and holding a share of Ashtead Group plc? (5 min.)

Welcome investor! Ashtead Group plc's management wants to use your money to grow the business. In return you get a share of Ashtead Group plc.

What can you expect buying and holding a share of Ashtead Group plc?

First you should know what it really means to hold a share of Ashtead Group plc. And how you can make/lose money.

Speculation

The Price per Share of Ashtead Group plc is €66.50. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Ashtead Group plc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Ashtead Group plc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €14.80. Based on the TTM, the Book Value Change Per Share is €0.63 per quarter. Based on the YOY, the Book Value Change Per Share is €0.46 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.03 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ashtead Group plc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.761.1%0.981.5%0.891.3%0.661.0%0.600.9%
Usd Book Value Change Per Share0.921.4%0.681.0%0.490.7%0.470.7%0.540.8%
Usd Dividend Per Share0.000.0%0.040.1%0.400.6%0.220.3%0.200.3%
Usd Total Gains Per Share0.921.4%0.711.1%0.891.3%0.691.0%0.751.1%
Usd Price Per Share64.94-62.01-57.36-49.69-41.43-
Price to Earnings Ratio21.37-16.21-16.65-20.96-19.23-
Price-to-Total Gains Ratio70.48-214.42-76.80-19.11--2.42-
Price to Book Ratio4.12-4.20-4.72-5.01-4.78-
Price-to-Total Gains Ratio70.48-214.42-76.80-19.11--2.42-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share70.7959
Number of shares14
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.040.22
Usd Book Value Change Per Share0.680.47
Usd Total Gains Per Share0.710.69
Gains per Quarter (14 shares)9.969.72
Gains per Year (14 shares)39.8438.86
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
123830132629
247670255368
361131103879107
4815115050105146
51018919063131185
61222723076158224
71426527088184263
816302310101210302
918340350113236341
1020378390126263380

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%29.00.00.0100.0%29.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%18.02.00.090.0%26.03.00.089.7%26.03.00.089.7%
Dividend per Share1.00.03.025.0%9.00.03.075.0%16.00.04.080.0%24.00.05.082.8%24.00.05.082.8%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%18.02.00.090.0%26.03.00.089.7%26.03.00.089.7%

Fundamentals of Ashtead Group plc

About Ashtead Group plc

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races. It operates 1,094 stores in the United States, 119 stores in Canada, and 185 stores in the United Kingdom under the Sunbelt Rentals brand. The company was founded in 1947 and is headquartered in London, the United Kingdom.

Fundamental data was last updated by Penke on 2024-04-05 06:42:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Ashtead Group plc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Ashtead Group plc earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Ashtead Group plc to the Rental & Leasing Services industry mean.
  • A Net Profit Margin of 12.5% means that €0.13 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ashtead Group plc:

  • The MRQ is 12.5%. The company is making a huge profit. +2
  • The TTM is 15.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ12.5%TTM15.1%-2.6%
TTM15.1%YOY16.7%-1.6%
TTM15.1%5Y15.7%-0.6%
5Y15.7%10Y17.4%-1.7%
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ12.5%9.3%+3.2%
TTM15.1%9.7%+5.4%
YOY16.7%6.9%+9.8%
5Y15.7%5.7%+10.0%
10Y17.4%4.5%+12.9%
1.1.2. Return on Assets

Shows how efficient Ashtead Group plc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Ashtead Group plc to the Rental & Leasing Services industry mean.
  • 1.5% Return on Assets means that Ashtead Group plc generated €0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ashtead Group plc:

  • The MRQ is 1.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.0%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.5%TTM2.0%-0.5%
TTM2.0%YOY2.3%-0.4%
TTM2.0%5Y2.0%0.0%
5Y2.0%10Y2.3%-0.3%
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5%1.4%+0.1%
TTM2.0%1.5%+0.5%
YOY2.3%1.5%+0.8%
5Y2.0%1.0%+1.0%
10Y2.3%1.0%+1.3%
1.1.3. Return on Equity

Shows how efficient Ashtead Group plc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Ashtead Group plc to the Rental & Leasing Services industry mean.
  • 4.8% Return on Equity means Ashtead Group plc generated €0.05 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ashtead Group plc:

  • The MRQ is 4.8%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 6.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.8%TTM6.3%-1.5%
TTM6.3%YOY7.3%-1.0%
TTM6.3%5Y6.4%-0.1%
5Y6.4%10Y7.0%-0.7%
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ4.8%4.8%+0.0%
TTM6.3%5.1%+1.2%
YOY7.3%4.6%+2.7%
5Y6.4%3.5%+2.9%
10Y7.0%3.6%+3.4%

1.2. Operating Efficiency of Ashtead Group plc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ashtead Group plc is operating .

  • Measures how much profit Ashtead Group plc makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Ashtead Group plc to the Rental & Leasing Services industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ashtead Group plc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM12.2%-12.2%
TTM12.2%YOY25.6%-13.4%
TTM12.2%5Y28.8%-16.6%
5Y28.8%10Y28.9%-0.1%
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-13.2%-13.2%
TTM12.2%12.4%-0.2%
YOY25.6%11.6%+14.0%
5Y28.8%10.6%+18.2%
10Y28.9%11.0%+17.9%
1.2.2. Operating Ratio

Measures how efficient Ashtead Group plc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Rental & Leasing Services industry mean).
  • An Operation Ratio of 0.82 means that the operating costs are €0.82 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Ashtead Group plc:

  • The MRQ is 0.823. The company is less efficient in keeping operating costs low.
  • The TTM is 0.840. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.823TTM0.840-0.017
TTM0.840YOY0.848-0.007
TTM0.8405Y0.877-0.036
5Y0.87710Y0.841+0.036
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8231.038-0.215
TTM0.8400.935-0.095
YOY0.8480.912-0.064
5Y0.8770.944-0.067
10Y0.8410.930-0.089

1.3. Liquidity of Ashtead Group plc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Ashtead Group plc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Rental & Leasing Services industry mean).
  • A Current Ratio of 1.36 means the company has €1.36 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Ashtead Group plc:

  • The MRQ is 1.359. The company is just able to pay all its short-term debts.
  • The TTM is 1.164. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.359TTM1.164+0.195
TTM1.164YOY1.191-0.027
TTM1.1645Y1.222-0.058
5Y1.22210Y1.248-0.026
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3591.270+0.089
TTM1.1641.282-0.118
YOY1.1911.444-0.253
5Y1.2221.354-0.132
10Y1.2481.280-0.032
1.3.2. Quick Ratio

Measures if Ashtead Group plc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Ashtead Group plc to the Rental & Leasing Services industry mean.
  • A Quick Ratio of 1.21 means the company can pay off €1.21 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ashtead Group plc:

  • The MRQ is 1.207. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.037. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.207TTM1.037+0.169
TTM1.037YOY1.051-0.014
TTM1.0375Y1.067-0.030
5Y1.06710Y1.106-0.039
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2070.714+0.493
TTM1.0370.827+0.210
YOY1.0510.958+0.093
5Y1.0670.992+0.075
10Y1.1060.925+0.181

1.4. Solvency of Ashtead Group plc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Ashtead Group plc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Ashtead Group plc to Rental & Leasing Services industry mean.
  • A Debt to Asset Ratio of 0.68 means that Ashtead Group plc assets are financed with 68.4% credit (debt) and the remaining percentage (100% - 68.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Ashtead Group plc:

  • The MRQ is 0.684. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.683. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.684TTM0.683+0.001
TTM0.683YOY0.679+0.004
TTM0.6835Y0.681+0.002
5Y0.68110Y0.673+0.008
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6840.690-0.006
TTM0.6830.696-0.013
YOY0.6790.686-0.007
5Y0.6810.693-0.012
10Y0.6730.650+0.023
1.4.2. Debt to Equity Ratio

Measures if Ashtead Group plc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Ashtead Group plc to the Rental & Leasing Services industry mean.
  • A Debt to Equity ratio of 216.0% means that company has €2.16 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ashtead Group plc:

  • The MRQ is 2.160. The company is just not able to pay all its debts with equity.
  • The TTM is 2.155. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.160TTM2.155+0.005
TTM2.155YOY2.117+0.038
TTM2.1555Y2.147+0.008
5Y2.14710Y2.077+0.070
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1602.221-0.061
TTM2.1552.278-0.123
YOY2.1172.117+0.000
5Y2.1472.336-0.189
10Y2.0772.317-0.240

2. Market Valuation of Ashtead Group plc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Ashtead Group plc generates.

  • Above 15 is considered overpriced but always compare Ashtead Group plc to the Rental & Leasing Services industry mean.
  • A PE ratio of 21.37 means the investor is paying €21.37 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ashtead Group plc:

  • The EOD is 23.296. Based on the earnings, the company is fair priced.
  • The MRQ is 21.369. Based on the earnings, the company is fair priced.
  • The TTM is 16.213. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD23.296MRQ21.369+1.927
MRQ21.369TTM16.213+5.156
TTM16.213YOY16.648-0.436
TTM16.2135Y20.956-4.743
5Y20.95610Y19.229+1.727
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
EOD23.29610.303+12.993
MRQ21.36910.011+11.358
TTM16.21310.615+5.598
YOY16.64810.972+5.676
5Y20.95610.812+10.144
10Y19.22912.398+6.831
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Ashtead Group plc:

  • The EOD is -56.300. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -51.643. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -26.186. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-56.300MRQ-51.643-4.656
MRQ-51.643TTM-26.186-25.457
TTM-26.186YOY63.876-90.062
TTM-26.1865Y47.099-73.285
5Y47.09910Y32.482+14.617
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
EOD-56.300-0.001-56.299
MRQ-51.643-0.336-51.307
TTM-26.1861.151-27.337
YOY63.876-1.368+65.244
5Y47.0990.558+46.541
10Y32.482-0.148+32.630
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Ashtead Group plc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Rental & Leasing Services industry mean).
  • A PB ratio of 4.12 means the investor is paying €4.12 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Ashtead Group plc:

  • The EOD is 4.493. Based on the equity, the company is fair priced.
  • The MRQ is 4.122. Based on the equity, the company is fair priced.
  • The TTM is 4.200. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD4.493MRQ4.122+0.372
MRQ4.122TTM4.200-0.078
TTM4.200YOY4.720-0.520
TTM4.2005Y5.009-0.809
5Y5.00910Y4.779+0.230
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
EOD4.4931.267+3.226
MRQ4.1221.473+2.649
TTM4.2001.456+2.744
YOY4.7201.361+3.359
5Y5.0091.552+3.457
10Y4.7791.697+3.082
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ashtead Group plc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.8660.634+36%0.462+87%0.441+96%0.510+70%
Book Value Per Share--14.80013.863+7%11.402+30%9.426+57%8.089+83%
Current Ratio--1.3591.164+17%1.191+14%1.222+11%1.248+9%
Debt To Asset Ratio--0.6840.683+0%0.679+1%0.681+0%0.673+2%
Debt To Equity Ratio--2.1602.155+0%2.117+2%2.147+1%2.077+4%
Dividend Per Share---0.034-100%0.377-100%0.211-100%0.190-100%
Eps--0.7140.923-23%0.835-15%0.620+15%0.564+27%
Free Cash Flow Per Share---0.295-0.155-47%0.345-186%0.370-180%0.370-180%
Free Cash Flow To Equity Per Share---0.2950.327-190%0.689-143%0.396-175%0.396-175%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---35.495--------
Intrinsic Value_10Y_min---29.101--------
Intrinsic Value_1Y_max--0.323--------
Intrinsic Value_1Y_min--0.319--------
Intrinsic Value_3Y_max---1.987--------
Intrinsic Value_3Y_min---1.838--------
Intrinsic Value_5Y_max---7.862--------
Intrinsic Value_5Y_min---7.043--------
Market Cap29085172032.000+8%26679631488.00025510563615.125+5%23739991627.875+12%20680168407.114+29%17203776608.815+55%
Net Profit Margin--0.1250.151-17%0.167-25%0.157-21%0.174-28%
Operating Margin---0.122-100%0.256-100%0.288-100%0.289-100%
Operating Ratio--0.8230.840-2%0.848-3%0.877-6%0.841-2%
Pb Ratio4.493+8%4.1224.200-2%4.720-13%5.009-18%4.779-14%
Pe Ratio23.296+8%21.36916.213+32%16.648+28%20.956+2%19.229+11%
Price Per Share66.500+8%61.00058.250+5%53.875+13%46.671+31%38.912+57%
Price To Free Cash Flow Ratio-56.300-9%-51.643-26.186-49%63.876-181%47.099-210%32.482-259%
Price To Total Gains Ratio76.831+8%70.477214.421-67%76.801-8%19.113+269%-2.425+103%
Quick Ratio--1.2071.037+16%1.051+15%1.067+13%1.106+9%
Return On Assets--0.0150.020-23%0.023-35%0.020-25%0.023-34%
Return On Equity--0.0480.063-23%0.073-34%0.064-24%0.070-31%
Total Gains Per Share--0.8660.668+30%0.840+3%0.652+33%0.700+24%
Usd Book Value--6891053768.7366463537840.817+7%5349261486.263+29%4439785785.746+55%3801457262.400+81%
Usd Book Value Change Per Share--0.9210.675+36%0.492+87%0.469+96%0.543+70%
Usd Book Value Per Share--15.75614.759+7%12.139+30%10.035+57%8.612+83%
Usd Dividend Per Share---0.036-100%0.402-100%0.225-100%0.202-100%
Usd Eps--0.7600.982-23%0.889-15%0.660+15%0.600+27%
Usd Free Cash Flow---137497082.250-72198467.916-47%162146559.177-185%150221812.226-192%103601249.811-233%
Usd Free Cash Flow Per Share---0.314-0.165-47%0.367-186%0.394-180%0.394-180%
Usd Free Cash Flow To Equity Per Share---0.3140.348-190%0.734-143%0.421-175%0.421-175%
Usd Market Cap30964074145.267+8%28403135682.12527158546024.662+5%25273595087.036+12%22016107286.214+29%18315140577.744+55%
Usd Price Per Share70.796+8%64.94162.013+5%57.355+13%49.685+31%41.426+57%
Usd Profit--332292948.594404941406.961-18%391641689.187-15%286698916.120+16%261194457.336+27%
Usd Revenue--2657743601.4842668668369.6560%2325400653.951+14%1802246755.512+47%1544125853.644+72%
Usd Total Gains Per Share--0.9210.712+30%0.894+3%0.694+33%0.745+24%
 EOD+5 -3MRQTTM+15 -20YOY+16 -195Y+20 -1510Y+20 -15

3.2. Fundamental Score

Let's check the fundamental score of Ashtead Group plc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1523.296
Price to Book Ratio (EOD)Between0-14.493
Net Profit Margin (MRQ)Greater than00.125
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.207
Current Ratio (MRQ)Greater than11.359
Debt to Asset Ratio (MRQ)Less than10.684
Debt to Equity Ratio (MRQ)Less than12.160
Return on Equity (MRQ)Greater than0.150.048
Return on Assets (MRQ)Greater than0.050.015
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Ashtead Group plc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.378
Ma 20Greater thanMa 5063.875
Ma 50Greater thanMa 10062.700
Ma 100Greater thanMa 20060.310
OpenGreater thanClose66.500
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2024-01-31. Currency in USD. All numbers in thousands.

Summary
Total Assets21,779,200
Total Liabilities14,888,000
Total Stockholder Equity6,891,200
 As reported
Total Liabilities 14,888,000
Total Stockholder Equity+ 6,891,200
Total Assets = 21,779,200

Assets

Total Assets21,779,200
Total Current Assets2,260,100
Long-term Assets19,519,100
Total Current Assets
Cash And Cash Equivalents 22,400
Net Receivables 2,007,200
Inventory 192,500
Total Current Assets  (as reported)2,260,100
Total Current Assets  (calculated)2,222,100
+/- 38,000
Long-term Assets
Property Plant Equipment 15,480,800
Goodwill 3,263,400
Intangible Assets 538,900
Long-term Assets Other 171,400
Long-term Assets  (as reported)19,519,100
Long-term Assets  (calculated)19,454,500
+/- 64,600

Liabilities & Shareholders' Equity

Total Current Liabilities1,663,500
Long-term Liabilities13,224,500
Total Stockholder Equity6,891,200
Total Current Liabilities
Accounts payable 1,305,400
Total Current Liabilities  (as reported)1,663,500
Total Current Liabilities  (calculated)1,305,400
+/- 358,100
Long-term Liabilities
Long term Debt 8,545,800
Capital Lease Obligations Min Short Term Debt2,642,300
Long-term Liabilities Other 48,100
Long-term Liabilities  (as reported)13,224,500
Long-term Liabilities  (calculated)11,236,200
+/- 1,988,300
Total Stockholder Equity
Retained Earnings 7,850,700
Total Stockholder Equity (as reported)6,891,200
Total Stockholder Equity (calculated)7,850,700
+/- 959,500
Other
Capital Stock81,800
Common Stock Shares Outstanding 436,655
Net Debt 8,523,400
Net Invested Capital 15,437,000
Net Working Capital 596,600
Property Plant and Equipment Gross 15,480,800



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2024-01-312023-10-312023-07-312023-04-302023-01-312022-10-312022-07-312022-04-302022-01-312021-10-312021-07-312021-04-302021-01-312020-10-312020-07-312020-04-302020-01-312019-10-312019-07-312019-04-302019-01-312018-10-312018-07-312018-04-302018-01-312017-10-312017-07-312017-04-302017-01-31
> Total Assets 
5,954,500
6,126,000
6,354,800
6,725,700
6,358,400
6,743,000
7,488,800
8,315,200
8,201,200
8,357,500
10,310,400
10,148,300
10,184,700
10,532,600
9,708,600
9,858,800
9,207,200
9,272,700
13,247,500
14,069,300
14,783,900
15,290,100
16,203,900
17,197,600
18,048,800
18,729,300
20,015,700
21,073,400
21,779,200
21,779,20021,073,40020,015,70018,729,30018,048,80017,197,60016,203,90015,290,10014,783,90014,069,30013,247,5009,272,7009,207,2009,858,8009,708,60010,532,60010,184,70010,148,30010,310,4008,357,5008,201,2008,315,2007,488,8006,743,0006,358,4006,725,7006,354,8006,126,0005,954,500
   > Total Current Assets 
660,800
649,300
657,200
755,000
725,600
767,600
874,200
1,024,000
982,800
965,200
1,098,200
1,091,100
1,043,700
1,179,100
894,300
1,001,900
908,400
889,000
1,350,100
1,595,200
1,680,200
1,581,400
1,805,000
2,061,400
2,022,000
1,885,000
2,126,500
2,241,900
2,260,100
2,260,1002,241,9002,126,5001,885,0002,022,0002,061,4001,805,0001,581,4001,680,2001,595,2001,350,100889,000908,4001,001,900894,3001,179,1001,043,7001,091,1001,098,200965,200982,8001,024,000874,200767,600725,600755,000657,200649,300660,800
       Cash And Cash Equivalents 
8,000
6,300
7,400
11,700
8,700
19,100
10,100
23,300
16,700
12,800
17,000
19,400
17,900
241,400
9,900
14,100
14,700
19,200
30,000
15,400
34,600
15,300
27,500
29,900
36,600
29,900
25,000
25,700
22,400
22,40025,70025,00029,90036,60029,90027,50015,30034,60015,40030,00019,20014,70014,1009,900241,40017,90019,40017,00012,80016,70023,30010,10019,1008,70011,7007,4006,3008,000
       Net Receivables 
607,900
598,800
606,500
694,300
667,400
693,300
798,200
935,700
872,800
702,200
967,500
978,800
940,700
854,400
804,700
908,600
820,000
796,000
1,210,000
1,455,000
1,498,000
1,397,600
1,601,900
1,829,100
1,761,500
1,659,200
1,912,600
2,007,400
2,007,200
2,007,2002,007,4001,912,6001,659,2001,761,5001,829,1001,601,9001,397,6001,498,0001,455,0001,210,000796,000820,000908,600804,700854,400940,700978,800967,500702,200872,800935,700798,200693,300667,400694,300606,500598,800607,900
       Inventory 
44,900
44,200
43,300
49,000
49,500
55,200
65,900
65,000
68,900
83,500
99,100
88,700
85,100
83,300
79,700
79,200
73,700
73,800
110,100
124,800
147,600
168,500
175,600
202,400
223,900
181,300
188,900
180,400
192,500
192,500180,400188,900181,300223,900202,400175,600168,500147,600124,800110,10073,80073,70079,20079,70083,30085,10088,70099,10083,50068,90065,00065,90055,20049,50049,00043,30044,20044,900
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
7,392,300
9,212,200
9,057,200
9,141,000
9,353,500
8,814,300
8,856,900
8,298,800
8,383,700
11,897,400
12,474,100
13,103,700
13,708,700
14,398,900
15,136,200
16,026,800
16,844,300
17,889,200
18,831,500
19,519,100
19,519,10018,831,50017,889,20016,844,30016,026,80015,136,20014,398,90013,708,70013,103,70012,474,10011,897,4008,383,7008,298,8008,856,9008,814,3009,353,5009,141,0009,057,2009,212,2007,392,300000000000
       Property Plant Equipment 
409,700
411,800
422,500
440,600
418,800
451,500
484,000
536,400
543,900
573,700
1,637,300
1,649,700
1,761,400
1,797,000
1,732,700
1,747,900
1,677,800
1,742,900
2,475,900
2,602,500
2,767,200
2,943,100
3,098,800
11,792,600
12,488,500
13,247,100
14,074,600
14,912,700
15,480,800
15,480,80014,912,70014,074,60013,247,10012,488,50011,792,6003,098,8002,943,1002,767,2002,602,5002,475,9001,742,9001,677,8001,747,9001,732,7001,797,0001,761,4001,649,7001,637,300573,700543,900536,400484,000451,500418,800440,600422,500411,800409,700
       Goodwill 
702,400
797,700
819,400
884,000
841,800
882,600
969,800
1,074,400
1,101,000
1,144,700
1,277,300
1,224,600
1,291,200
1,340,300
1,294,200
1,313,300
1,248,800
1,297,300
1,841,100
1,939,400
2,161,500
2,300,000
2,459,500
2,586,300
2,791,100
2,865,500
3,052,000
3,144,100
3,263,400
3,263,4003,144,1003,052,0002,865,5002,791,1002,586,3002,459,5002,300,0002,161,5001,939,4001,841,1001,297,3001,248,8001,313,3001,294,2001,340,3001,291,2001,224,6001,277,3001,144,7001,101,0001,074,400969,800882,600841,800884,000819,400797,700702,400
       Intangible Assets 
117,300
174,400
177,100
215,300
201,700
206,300
224,800
242,500
253,000
260,600
312,400
291,900
306,900
326,100
302,600
291,200
265,000
279,800
400,700
383,700
443,200
475,300
534,600
529,500
542,400
523,400
534,800
550,800
538,900
538,900550,800534,800523,400542,400529,500534,600475,300443,200383,700400,700279,800265,000291,200302,600326,100306,900291,900312,400260,600253,000242,500224,800206,300201,700215,300177,100174,400117,300
       Long-term Assets Other 
0
0
0
0
0
0
0
0
7,218,400
7,392,300
9,212,200
9,057,200
9,141,000
0
0
0
0
69,000
96,400
104,600
122,000
157,500
199,800
209,500
184,500
189,900
208,800
162,500
171,400
171,400162,500208,800189,900184,500209,500199,800157,500122,000104,60096,40069,00000009,141,0009,057,2009,212,2007,392,3007,218,40000000000
> Total Liabilities 
4,033,700
4,155,900
4,269,700
4,594,400
3,865,300
4,216,100
4,753,400
5,517,600
5,414,500
5,557,000
7,254,900
7,253,400
7,289,900
7,560,400
6,707,800
6,736,700
6,073,400
6,004,000
8,534,200
9,316,800
9,847,600
10,256,400
10,915,800
11,851,200
12,319,500
12,721,300
13,555,300
14,578,300
14,888,000
14,888,00014,578,30013,555,30012,721,30012,319,50011,851,20010,915,80010,256,4009,847,6009,316,8008,534,2006,004,0006,073,4006,736,7006,707,8007,560,4007,289,9007,253,4007,254,9005,557,0005,414,5005,517,6004,753,4004,216,1003,865,3004,594,4004,269,7004,155,9004,033,700
   > Total Current Liabilities 
396,300
574,700
629,900
594,000
468,800
659,100
779,500
853,300
610,300
693,600
957,400
897,800
716,000
736,700
743,000
898,400
741,400
756,900
1,330,300
1,339,400
1,299,200
1,474,700
1,476,700
1,650,400
1,657,800
1,857,800
1,921,000
1,906,100
1,663,500
1,663,5001,906,1001,921,0001,857,8001,657,8001,650,4001,476,7001,474,7001,299,2001,339,4001,330,300756,900741,400898,400743,000736,700716,000897,800957,400693,600610,300853,300779,500659,100468,800594,000629,900574,700396,300
       Short-term Debt 
2,596,400
2,534,000
2,576,200
2,862,600
2,637,200
2,731,100
3,043,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000003,043,5002,731,1002,637,2002,862,6002,576,2002,534,0002,596,400
       Short Long Term Debt 
2,596,400
2,534,000
2,576,200
2,862,600
2,637,200
2,731,100
3,043,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000003,043,5002,731,1002,637,2002,862,6002,576,2002,534,0002,596,400
       Accounts payable 
279,900
222,800
292,700
340,400
338,600
243,700
394,700
431,500
557,400
217,000
790,600
748,700
443,800
153,100
463,600
535,000
486,300
156,200
690,800
761,800
811,500
399,200
758,600
857,800
861,000
581,600
925,900
1,579,100
1,305,400
1,305,4001,579,100925,900581,600861,000857,800758,600399,200811,500761,800690,800156,200486,300535,000463,600153,100443,800748,700790,600217,000557,400431,500394,700243,700338,600340,400292,700222,800279,900
       Other Current Liabilities 
113,700
35,100
334,600
251,000
127,600
38,900
382,100
419,300
180,100
58,900
394,200
49,000
164,400
56,000
168,400
243,200
138,600
43,100
468,800
401,700
305,500
89,000
518,800
580,300
573,800
91,000
749,200
0
0
00749,20091,000573,800580,300518,80089,000305,500401,700468,80043,100138,600243,200168,40056,000164,40049,000394,20058,900180,100419,300382,10038,900127,600251,000334,60035,100113,700
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
4,804,200
4,863,400
6,297,500
6,355,600
6,573,900
6,823,700
5,964,800
5,838,300
5,332,000
5,247,100
7,203,900
7,977,400
8,548,400
8,781,700
9,439,100
10,200,800
10,661,700
10,863,500
11,634,300
12,672,200
13,224,500
13,224,50012,672,20011,634,30010,863,50010,661,70010,200,8009,439,1008,781,7008,548,4007,977,4007,203,9005,247,1005,332,0005,838,3005,964,8006,823,7006,573,9006,355,6006,297,5004,863,4004,804,20000000000
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
0
5,000
982,300
999,300
1,089,300
1,112,200
1,100,200
1,133,500
1,102,500
1,179,700
1,686,400
1,765,400
1,876,100
1,995,200
2,100,700
2,217,900
2,300,300
2,394,300
2,510,100
2,527,500
2,642,300
2,642,3002,527,5002,510,1002,394,3002,300,3002,217,9002,100,7001,995,2001,876,1001,765,4001,686,4001,179,7001,102,5001,133,5001,100,2001,112,2001,089,300999,300982,3005,000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,300
33,100
34,400
33,500
31,600
34,200
32,300
35,500
36,100
45,700
42,500
48,100
48,10042,50045,70036,10035,50032,30034,20031,60033,50034,40033,10022,30000000000000000000
> Total Stockholder Equity
1,920,800
1,970,100
2,085,100
2,131,300
2,493,100
2,526,900
2,735,400
2,797,600
2,786,700
2,800,500
3,055,500
2,894,900
2,894,800
2,972,200
3,000,800
3,122,100
3,133,800
3,268,700
4,713,300
4,752,500
4,936,300
5,033,700
5,288,100
5,346,400
5,729,300
6,008,000
6,460,400
6,495,100
6,891,200
6,891,2006,495,1006,460,4006,008,0005,729,3005,346,4005,288,1005,033,7004,936,3004,752,5004,713,3003,268,7003,133,8003,122,1003,000,8002,972,2002,894,8002,894,9003,055,5002,800,5002,786,7002,797,6002,735,4002,526,9002,493,1002,131,3002,085,1001,970,1001,920,800
   Common Stock
55,300
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,900
45,400
45,400
45,400
45,100
45,100
45,100
81,800
81,800
81,800
81,800
81,800
81,800
81,800
0
81,800
0
0
0081,800081,80081,80081,80081,80081,80081,80081,80045,10045,10045,10045,40045,40045,40049,90049,90049,90049,90049,90049,90049,90049,90049,90049,90049,90055,300
   Retained Earnings 
1,674,400
1,686,000
1,829,100
1,890,800
2,439,900
2,522,300
2,726,100
2,847,100
3,029,000
3,153,200
3,378,000
3,491,000
2,709,800
2,750,300
2,883,700
2,903,500
3,065,000
3,211,800
4,958,700
5,108,000
5,419,000
5,677,100
6,065,200
6,279,300
6,636,100
6,925,300
7,363,700
7,499,800
7,850,700
7,850,7007,499,8007,363,7006,925,3006,636,1006,279,3006,065,2005,677,1005,419,0005,108,0004,958,7003,211,8003,065,0002,903,5002,883,7002,750,3002,709,8003,491,0003,378,0003,153,2003,029,0002,847,1002,726,1002,522,3002,439,9001,890,8001,829,1001,686,0001,674,400
   Capital Surplus 00000000000000000000000000000
   Treasury Stock00000000000000000000000000000
   Other Stockholders Equity 
285,300
247,300
222,500
207,000
70,700
132,100
235,000
292,200
220,400
241,000
397,300
250,900
210,900
316,500
212,800
250,000
100,100
88,200
-115,300
-123,600
-149,300
-206,700
-230,600
-296,600
-236,600
0
-185,600
0
0
00-185,6000-236,600-296,600-230,600-206,700-149,300-123,600-115,30088,200100,100250,000212,800316,500210,900250,900397,300241,000220,400292,200235,000132,10070,700207,000222,500247,300285,300



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-04-30)

Gross Profit (+$)
totalRevenue9,667,300
Cost of Revenue-1,109,100
Gross Profit8,558,2008,558,200
 
Operating Income (+$)
Gross Profit8,558,200
Operating Expense-6,703,000
Operating Income2,964,3001,855,200
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense6,703,0000
 
Net Interest Income (+$)
Interest Income2,600
Interest Expense-361,600
Other Finance Cost-7,200
Net Interest Income-366,200
 
Pretax Income (+$)
Operating Income2,964,300
Net Interest Income-366,200
Other Non-Operating Income Expenses-
Income Before Tax (EBT)2,155,8002,964,300
EBIT - interestExpense = 2,142,000
1,617,700
1,979,300
Interest Expense361,600
Earnings Before Interest and Taxes (EBIT)2,503,6002,517,400
Earnings Before Interest and Taxes (EBITDA)4,407,200
 
After tax Income (+$)
Income Before Tax2,155,800
Tax Provision-538,100
Net Income From Continuing Ops1,617,7001,617,700
Net Income1,617,700
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses2,497,800
Total Other Income/Expenses Net-366,200
 

Technical Analysis of Ashtead Group plc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Ashtead Group plc. The general trend of Ashtead Group plc is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Ashtead Group plc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Ashtead Group plc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 69.00.

The bearish price targets are: 65.50 > 63.50 > 58.00.

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Ashtead Group plc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Ashtead Group plc. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Ashtead Group plc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Ashtead Group plc. The current macd is 1.12334236.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ashtead Group plc price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Ashtead Group plc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Ashtead Group plc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Ashtead Group plc Daily Moving Average Convergence/Divergence (MACD) ChartAshtead Group plc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Ashtead Group plc. The current adx is 36.49.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Ashtead Group plc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Ashtead Group plc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Ashtead Group plc. The current sar is 61.11.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Ashtead Group plc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Ashtead Group plc. The current rsi is 62.38. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Ashtead Group plc Daily Relative Strength Index (RSI) ChartAshtead Group plc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Ashtead Group plc. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Ashtead Group plc price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Ashtead Group plc Daily Stochastic Oscillator ChartAshtead Group plc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Ashtead Group plc. The current cci is 112.48.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Ashtead Group plc Daily Commodity Channel Index (CCI) ChartAshtead Group plc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Ashtead Group plc. The current cmo is 35.89.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Ashtead Group plc Daily Chande Momentum Oscillator (CMO) ChartAshtead Group plc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Ashtead Group plc. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Ashtead Group plc Daily Williams %R ChartAshtead Group plc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Ashtead Group plc.

Ashtead Group plc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Ashtead Group plc. The current atr is 0.88836197.

Ashtead Group plc Daily Average True Range (ATR) ChartAshtead Group plc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Ashtead Group plc. The current obv is 293.00.

Ashtead Group plc Daily On-Balance Volume (OBV) ChartAshtead Group plc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Ashtead Group plc. The current mfi is 63.50.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Ashtead Group plc Daily Money Flow Index (MFI) ChartAshtead Group plc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Ashtead Group plc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-21 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-23 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-24 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-04 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-08 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-12 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-13 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-19 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-20 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-21 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-02 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-03 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-04 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-05 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-08 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-10 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-22 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-26 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-29 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-30 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-01 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-06 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-09 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-14 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-16 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-20 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-21 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-23 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-26 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-28 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01 00:00:00BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-05 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-08 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-11 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-12 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-14 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21 00:00:00MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-22 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-25 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-26 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-02 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-10 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-12 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside

6.3. Candlestick Patterns

Ashtead Group plc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Ashtead Group plc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.378
Ma 20Greater thanMa 5063.875
Ma 50Greater thanMa 10062.700
Ma 100Greater thanMa 20060.310
OpenGreater thanClose66.500
Total4/5 (80.0%)
Penke

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