Ashtead Group plc : The bullish trend is not over
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02/13/2013 | 04:16am
Opinion : Bullish above 475 GBp
Target price : 515 GBp
Stop loss: 459 GBp
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LONDON STOCK EXCHANGE
Business Support / Supplies |
Ashtead Group has still an uptrend and is going toward its highest level.
The company’s fundamentals are still strong. Sales are up 14% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, 20-day moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach new highs. The target is set at GBp 515. A stop loss will be placed under the GBp 461.1 short term support to avoid a downtrend.
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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22,3x |
17,0x |
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Capitalization / Revenue
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2,40x |
2,12x |
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EV / Revenue
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3,09x |
2,68x |
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EV / EBITDA
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8,12x |
6,87x |
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Yield (DPS / Price)
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0,79% |
1,00% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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20,9% |
21,8% |
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operating laverage (Delta EBIT / Delta Sales)
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2,97x |
1,39x |
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Net Margin (Net Profit / Revenue)
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11,0% |
11,7% |
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ROA (Net Profit / Asset)
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11,6% |
12,1% |
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ROE (Net Profit / Equities)
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24,1% |
24,7% |
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Rate of Dividend
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17,6% |
17,0% |
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