aggreko plc (AGK:London)
aggreko plc (AGK) Snapshot
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Open
1,778 GBp
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Previous Close
1,758 GBp
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Day High
1,790 GBp
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Day Low
1,714 GBp
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52 Week High
09/17/12 - 2,415 GBp
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52 Week Low
01/31/13 - 1,548 GBp
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Market Cap
4.7B
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Average Volume 10 Days
738.4K
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EPS TTM
1.04 GBp
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Shares Outstanding
269.0M
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EX-Date
04/24/13
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P/E TM
16.6x
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Dividend
26.57 GBp
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Dividend Yield
1.53%
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Related News
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Aggreko plc engages in the rental of temporary power and temperature control solutions to customers in North America, Europe, the Middle East, Africa, Asia and Australasia, and Latin America. The company offers power generation products, including generators, gas generators, transformers, load banks, fuel tanks, and electrical distribution equipment, as well as power accessories, such as cable ramps, quad box strings, cable T’s, synchronization/load share panels, and cable bins. Its temperature control equipment comprise chillers, cooling towers, air conditioners, spot coolers, air handlers, heaters, heat exchangers, and temperature control accessories. The company also provides moisture control solutions, such as dehumidifiers; and oil-free air equipment, including air compressors, air dryers, after coolers, and air accessories. In addition, it offers risk management solutions comprising contingency and hurricane plans, emergency power rental, disaster recovery, and tailor-made insurance. Further, the company rents power, and temporary heating and cooling equipment for various events; rents and repairs temporary and portable cooling towers; and offers process services, including onsite engineering studies, process design, project management, and after-action report. Additionally, it sells used generators, heating and cooling equipment, and compressed air equipment. The company primarily serves utilities, oil and gas, military, petrochemical and refining, manufacturing, events, construction, contracting, services, quarrying and mining, and shipping industries. Aggreko plc was founded in 1962 and is headquartered in Glasgow, the United Kingdom.
aggreko plc (AGK) Top Compensated Officers
aggreko plc (AGK) Key Developments
Aggreko plc has opened a new facility in Midland, Texas. The new 6,500 sq. ft. facility will maintain all Aggreko equipment lines, including a wide range of portable natural gas and diesel power generation units, sales personnel, technical service and operational support. The service center will enhance the company's responsiveness to temporary power needs in the booming Permian Basin area of Texas, increasing service response time and helping to enrich customers' experience. In addition to expanding its personnel and rental fleet, Aggreko is focused on maximizing production uptime for customers by investing in remote monitoring technology designed to manage power supply sources and proactively identify and resolve operational issues.
Aggreko plc has introduced a new line of portable cooling towers into its fleet. The units provide an additional option for companies needing a temporary cooling tower solution and range in cooling capacity from 3,000 to 9,000 gallons per minute. the company's rental cooling tower fleet consisting of nearly 500 units with a combined capacity in excess of 1,500,000 GPM. Features of the new line of cooling towers include a self-leveling capability and adjustable jacks to position and stabilize equipment placed on uneven terrain, minimizing ground preparation. Further, the cooling towers provide cost-efficiencies for customers because a crane is not required for set-up and the design allows units to be installed in a matter of two-three hours, resulting in lower amounts of manpower and resources to be commissioned.
Aggreko plc reported interim management statement for the period from January 1, 2013 to March 31, 2013. For the period, the company's net debt was £597 million, increased by £4 million. This compares to net debt of £428 million at March 31, 2012; of the £169 million year-on-year increase, £136 million was accounted for by the Poit Energia acquisition with the balance reflecting higher working capital requirements. Group revenues growing by 8% in the three months to March 31, 2013. The company expects to spend around £130 million in the first half on fleet capital expenditure. For the full year, the company expects to spend around £260 million on fleet capital expenditure. Company's expectations for the year remain unchanged from previous guidance.
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Industry Analysis
AGK
Industry Average
| Valuation | AGK | Industry Range |
| Price/Earnings | 16.7x |
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| Price/Sales | 2.9x |
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| Price/Book | 4.4x |
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| Price/Cash Flow | 16.9x |
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| TEV/Sales | 2.9x |
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