If you’d invested in: Ashtead Group and Esure
Over the last decade, the shares of construction and industrial equipment rental firm Ashtead Group have risen by almost 2,700%.
Ashtead Group (LSE: AHT) rents out construction and industrial equipment. Over the past decade, its shares have risen by almost 2,700%. A combination of a building boom and hurricanes in the US has driven demand for Ashtead's rental equipment, which has boosted profits and revenues. Over the past five years, revenue has increased from £1.1bn to £3.2bn, a compound annual growth rate (CAGR) of 23%. During the same period, net profit climbed from £89m to £501m, a CAGR of 41%. For the first nine months of this year, rental revenue increased by 21%.