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Andrews Sykes (ASY) AI Stock Analysis

GB:ASY

Andrews Sykes

(LSE:ASY)

Select Model
Rating:76Outperform
Price Target:GBX 576.00â–²(12.94% Upside)
Action:reiterated
Date:08/17/26

The overall score reflects a combination of strong profitability and a conservative balance sheet with good cash generation, balanced against revenue stagnation and a declining asset and cash flow trend, placing the company in a mature, lower‑growth phase. Technical indicators show clear upward price momentum, enhancing the score but with signs of stretched conditions that temper enthusiasm. A reasonable P/E multiple combined with a solid ~4.3% dividend yield provides valuation support and income appeal, helping offset limited growth visibility and supporting a moderately positive but not top‑tier rating.

Positive Factors
Resilient profitabilityStrong and stable margins indicate that Andrews Sykes retains meaningful economic value from its specialist equipment and related services. This profitability provides capacity to fund operations, maintain equipment, support customers, and absorb moderate changes in demand without relying heavily on external financing.
Negative Factors
Uneven revenue trajectoryThe recent pattern of declining revenue followed by a recovery indicates that growth has not yet been consistently established. Even with resilient margins, an uneven top line can make fleet planning, staffing, and investment decisions less predictable and limits confidence in near-term expansion.

Andrews Sykes (ASY) vs. iShares MSCI United Kingdom ETF (EWC)

-10%-5%0%5%10%15%20%25%30%GB:ASY+7.13%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 213.48M
Dividend Yield
5.08%
Average Volume (3M)
2,476
Price to Earnings (P/E)
11.9
Beta (1Y)
0.04
Revenue Growth
5.19%
EPS Growth
4.98%
Country
UK
Employees
425
Sector
Industrials
Sector Strength
63
Industry
Rental & Leasing Services

Andrews Sykes Business Overview & Revenue Model

Company Description

Andrews Sykes Group plc operates as an investment holding company primarily focused on the rental, sale, and installation of environmental climate control equipment. The company's reach extends across the United Kingdom, the rest of Europe, the Middl...

How the Company Makes Money

ASY primarily makes money by renting equipment to customers on a temporary basis (short-term and longer-term hire). Revenue is generated from hire charges for products such as portable and fixed air conditioning units, heaters/boilers, dehumidifiers...

Andrews Sykes Financial Statement Overview

Summary

Financial performance is solid but mature: strong profitability with ~64% gross margins and a 23.6% net margin in 2025, plus a robust 42.4% EBITDA margin, are offset by weak topline dynamics—only 1.3% revenue growth in 2025 after two years of declines, a contracting asset base, and declining operating cash flow from £27.6M (2022) to £23.7M (2025), indicating limited growth visibility despite a conservative balance sheet and adequate cash generation.

Income Statement

72Positive

Balance Sheet

75Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue79.42M76.50M75.94M78.75M83.01M75.22M
Gross Profit51.00M48.89M49.20M51.73M53.00M46.22M
EBITDA32.98M33.39M33.10M33.17M32.74M29.81M
Net Income18.02M18.09M16.80M17.76M17.02M15.54M
Balance Sheet
Total Assets86.06M87.39M80.30M77.57M96.22M97.34M
Cash, Cash Equivalents and Short-Term Investments27.40M28.39M23.18M19.97M37.22M32.44M
Total Debt12.91M15.21M16.03M15.40M11.32M15.93M
Total Liabilities31.02M33.85M34.11M37.11M31.51M33.72M
Stockholders Equity55.05M53.54M46.19M40.47M64.71M63.62M
Cash Flow
Free Cash Flow15.24M16.39M14.94M22.09M25.13M21.06M
Operating Cash Flow21.27M23.67M20.32M26.15M27.60M23.59M
Investing Cash Flow-3.68M-4.98M-3.27M13.79M-16.99M-1.35M
Financing Cash Flow-13.88M-13.89M-13.76M-40.37M-23.06M-13.32M

Andrews Sykes Technical Analysis

Technical Analysis SentimentNegative
Last Price510.00

Price Trends

50DMA535.07Negative
100DMA542.92Negative
200DMA514.68Negative

Market Momentum

MACD-7.34Negative
RSI29.21Positive
STOCH50.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ASY, the sentiment is Negative. The current price of 510.00 is below the 20-day moving average (MA) of 515.63, below the 50-day MA of 535.07, and below the 200-day MA of 514.68, indicating a bearish trend. The MACD of -7.34 indicates Negative momentum. The RSI at 29.21 is Positive, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ASY.

Andrews Sykes Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

GB:ASY against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:ASYGB:ASY76OutperformGBP 213.48M11.8633.18%5.08%5.19%4.98%
GB:LUCEGB:LUCE74OutperformGBP 305.94M15.0719.62%3.17%11.48%46.33%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
GB:AVAPGB:AVAP55NeutralGBP 82.77M14.873.29%0.80%-3.60%―
GB:FSJGB:FSJ52NeutralGBP 226.59M-78.36-1.54%―-2.38%-106.47%
GB:PROGB:PRO47NeutralGBP 34.19M-2.24-46.53%―――
GB:SDYGB:SDY38UnderperformGBP 63.33M-2.39-19.68%7.27%-0.12%-2304.17%

* Industrials Sector Average

Performance Comparison

-50%0%50%100%GB:ASYGB:AVAPGB:FSJGB:PROGB:LUCEGB:SDYDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:ASY and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:ASYAndrews Sykes510.0024.445.03%
GB:AVAPAvation plc140.00-6.32-4.32%
GB:FSJJames Fisher & Sons449.0049.0012.25%
GB:PROProService Building Services Marketplace plc4.25-5.23-55.17%
GB:LUCELuceco plc198.5067.9052.00%
GB:SDYSpeedy Hire13.76-12.01-46.61%

Andrews Sykes Corporate Events

Business Operations and StrategyDividendsFinancial Disclosures

Record First-Half Revenue at Andrews Sykes as European Cooling Demand Surges

Positive
Sep 23, 2026

Andrews Sykes reported record first-half 2026 revenue of £40.9 million, driven by strong demand for comfort cooling equipment in the UK and Europe amid record temperatures, and improved performance across pumping, heating and air conditioning. O...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026