Construction Industry: approx. 50%
Industry and Manufacturing: approx. 25%
Energy and Utility Companies: approx. 15%

TOP 3 Markets:
USA: approx. 65%
UK: approx. 25%
Canada: approx. 10%

The Ashtead Group plc generates the majority of its revenue from the construction industry, which is attributed to its strong presence in the rental of construction equipment and machinery. A significant portion of the revenue also comes from the industry and manufacturing sector as well as the energy and utility companies sector, where specialized equipment is required.

Geographically, the U.S. market is the largest for Ashtead, supported by its subsidiary Sunbelt Rentals. The British market follows, where Ashtead also has a strong market position. Canada completes the top 3 markets, with a smaller but stable revenue share.

Production sites: No proprietary production facilities

Ashtead Group plc is a leading company in the field of industrial and construction equipment rental. The company does not produce its own products, but sources its equipment from various manufacturers and offers them for rent. Ashtead's main markets are the USA, Canada, and the United Kingdom, where they operate under the brands Sunbelt Rentals and A-Plant.

Revenue growth: 10% (estimated for 2025 based on historical data)

Investments in the US market: 1.5 billion USD (2024)

Ashtead Group plc is pursuing a growth strategy that is heavily focused on expanding in the North American market. The company has made significant investments in expanding its presence in the USA, supported by the increasing demand for rental equipment in the construction industry.

Another focus of the strategy is on digitization and increasing operational efficiency. Ashtead is investing in technology to enhance customer experience and reduce operating costs. This includes the implementation of telematics and data analytics to optimize the utilization of the rental fleet.

In addition, the company is pursuing an acquisition strategy to expand its service offering and gain market share. By acquiring smaller, specialized companies, Ashtead can expand its geographic reach and product portfolio.

Main materials: Construction machinery, equipment

Countries of origin: USA, Canada, Europe

Ashtead Group plc, a leading company in the rental of construction machinery and equipment, mainly imports construction machinery and related equipment. These materials are primarily sourced from the USA and Canada, as the company has a strong presence there through its subsidiaries Sunbelt Rentals.

In addition, Ashtead sources materials from various European countries to meet the needs of its European markets. The exact list of suppliers and countries of origin may vary depending on the specific requirements and availability of machinery and equipment.

Market share in North America: Over 10% (2024)
EBITDA margin: 48% (2024)
Return on Capital Employed (ROCE): 18% (2024)

Ashtead Group plc, a leading company in the equipment rental sector, has a significant competitive advantage, especially in North America, where it holds a large market share. The strong EBITDA margin of 48% demonstrates the efficiency and profitability of the company compared to its competitors.

The high ROCE of 18% indicates that Ashtead effectively utilizes capital to generate profits, which is another indicator of a solid competitive advantage. These key figures, combined with a strong market presence and a diversified customer base, underscore the robust market position of Ashtead Group plc.

Institutional investor share: 85% (estimated for 2025)

Insider purchases/sales: No significant transactions in the last year

The institutional investor share in Ashtead Group plc is traditionally high, as the company is considered a stable component of the FTSE 100. This reflects the confidence of large investment funds and institutional investors in the company's long-term growth strategy.

In 2025, there were no significant insider transactions, indicating that the management and other insiders do not expect any major changes in the company's valuation or strategy. This can be interpreted as a sign of stability and trust in the current company leadership.

Market share of Ashtead Group plc: 15% (estimated for 2025)

Main competitors and their market shares:

1. United Rentals Inc. - 20%
2. Ashtead Group plc - 15%
3. Herc Holdings Inc. - 10%
4. Sunbelt Rentals (part of Ashtead) - 8% (within Ashtead's total share)
5. H&E Equipment Services - 7%
6. Loxam - 5%
7. Aktio Corporation - 4%
8. Kanamoto Co., Ltd. - 3%

Moat of Ashtead Group plc:

Ashtead Group plc, especially through its subsidiary Sunbelt Rentals, has a significant moat in the form of a strong market presence in North America and an extensive network of rental stations. This enables high availability and fast delivery of rental equipment, which is a crucial advantage over smaller competitors.

Another advantage is the diversification of the rental portfolio, which includes a wide range of construction and industrial equipment. This reduces dependence on individual market segments and provides stability in economically volatile times.

However, compared to United Rentals, the largest competitor, Ashtead has a lower market share. United Rentals has a broader geographical reach and a more extensive network, which constitutes a strong moat.

Overall, Ashtead has a solid moat supported by its market position and wide range of services. Nevertheless, competition remains intense, and United Rentals has a stronger strategic advantage in some areas.

Revenue Growth: 14% (2024) Profit Growth: 10% (2024) Market Share in North America: 10% (2024)

The Ashtead Group plc achieved a revenue growth of 14% in 2024, attributed to strong demand in the rental sector for construction and industrial machinery. The company benefits from a solid market position in North America, where it holds a market share of 10%.

In addition, in recent years, Ashtead has invested in expanding its fleet and digital technologies to increase efficiency and enhance customer loyalty. These strategic investments could further support future growth.

Given the robust financial performance and strategic direction of the company, the Ashtead Group plc stock could be an attractive investment for investors focusing on long-term growth. However, it is advisable to also consider other factors such as the macroeconomic environment and industry-specific risks.

Dividend yield: 1.5% (2024)

Dividend growth: 10% annually (average over the last 5 years)

Ashtead Group plc pays a dividend, and the payout is considered reliable. In recent years, the company has pursued a consistent dividend policy, with an average annual increase in dividends of 10% over the last five years.

The current dividend yield is approximately 1.5%, which is moderate compared to other companies in the industry. The reliable payout is supported by the company's strong financial performance and continuous revenue growth. Analysts expect that Ashtead will continue to increase its dividend in the future based on its robust market position and operational efficiency.