');height:10px;width:16px;content:"";position:absolute;top:5px;right:0;display:block;transition:rotate .3s;rotate:0deg}.sn-navbar-links a.sn-has-panel.sn-open:after,.sn-navbar-links button.sn-has-panel.sn-has-panel.sn-open:after{rotate:180deg}.sn-navbar-links a,.sn-navbar-links button.sn-has-panel,.sn-navbar .sn-search-button{padding-bottom:18px;margin-bottom:0;position:relative}.sn-navbar-links a:before,.sn-navbar-links button.sn-has-panel:before,.sn-navbar .sn-search-button:before{content:"";display:block;position:absolute;bottom:0px;left:0;right:0;height:4px;background:#071d49;opacity:0;outline:0 !important;pointer-events:none}.sn-navbar-links a:hover:before,.sn-navbar-links a.sn-active:before,.sn-navbar-links a.sn-open:before,.sn-navbar-links button.sn-has-panel:hover:before,.sn-navbar-links button.sn-has-panel.sn-active:before,.sn-navbar-links button.sn-has-panel.sn-open:before,.sn-navbar .sn-search-button:hover:before,.sn-navbar .sn-search-button.sn-active:before,.sn-navbar .sn-search-button.sn-open:before{opacity:1}.sn-navbar-actions{display:flex;gap:14px;align-items:center;padding-bottom:10px}@media all and (max-width: 1150px){.sn-navbar-actions{gap:6px}}.sn-navbar-actions .sn-vsep{height:25px;width:1px;margin:0 10px}@media all and (max-width: 1150px){.sn-navbar-actions .sn-vsep{margin:0 5px}}.sn-navbar-actions .sn-vsep{background:#c4c4c4}.sn-navbar-actions .sn-search-button{position:relative;top:10px;color:#071d49;padding-left:25px}.sn-navbar-actions .sn-search-button::after{content:"";background-image:url('data:image/svg+xml, ');width:20px;height:20px;display:block;position:absolute;top:0;left:0}.sn-reset .sn-button{border-radius:2px;background:#0a70dc;border:2px solid #0a70dc;color:#fff !important;padding:7px 11px;font-weight:600;white-space:nowrap}.sn-reset .sn-button:hover{background:#0857ab;border-color:#0857ab}.sn-reset .sn-button-outline{background:#fff;color:#0a70dc !important;border:2px solid #0a70dc}.sn-reset .sn-button-outline:hover{color:#0857ab !important;background:#ebf4fe;border-color:#0857ab}.sn-sr{position:absolute;left:-10000px;top:auto;width:1px;height:1px;overflow:hidden}@media all and (max-width: 980px){.sn-desktop{display:none}}@media all and (min-width: 981px){.sn-mobile{display:none}}.sn-mobile-bar.sn-container{padding-top:12px;padding-bottom:12px;display:flex;align-items:center}.sn-mobile-bar.sn-container a,.sn-mobile-bar.sn-container button{font-weight:500;margin-left:16px;font-size:1rem}.sn-mobile-bar.sn-container button.with-icon{font-size:0.875rem}.sn-mobile-logo{margin-left:0 !important;margin-right:auto}.sn-mobile-logo svg{height:28px}.sn-mobile-nav{display:none;border-top:1px solid #c4c4c4;overflow:hidden}.sn-mobile-nav.sn-open{display:block}.sn-mobile-areas{padding:6px 15px 10px;font-size:0.875rem;font-weight:500;gap:20px;margin:0 auto}.sn-mobile-areas a{display:block;margin:7px 0;padding:8px 0}.sn-mobile-areas a.sn-active{text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:5px}.sn-mobile-extra{background:#ebf4fe;padding:20px 15px;margin:0 auto}.sn-mobile-links{max-width:400px;font-size:0.875rem;font-weight:500;display:flex;justify-content:space-between;gap:8px;flex-wrap:wrap}.sn-mobile-links a{display:block}.sn-mobile-links #sn-header-button-log-out{display:none !important}.sn-mobile-actions{padding:0 15px 30px;display:flex;flex-direction:column;gap:18px;align-items:center;margin:0 auto}.sn-mobile-actions a:not(.sn-mobile-visible),.sn-mobile-actions button:not(.sn-mobile-visible){display:none !important}.sn-mobile-actions .sn-mobile-visible{width:100%;text-align:center}.sn-mobile-actions .sn-mobile-logout{font-weight:500;color:#0a70dc;text-decoration:underline;text-underline-offset:4px}.sn-mobile-nav .sn-panel-savings{margin-top:24px}.sn-mobile .sn-panel-disclaimer{margin-bottom:12px}.sn-mobile .sn-mobile-title{padding:24px 0 18px;border-bottom:1px solid #c4c4c4;font-size:1.25rem;font-weight:700}.sn-mobile-list{display:flex;flex-direction:column;overflow:hidden;padding:6px 15px 20px;margin:0 auto}.sn-mobile-list a,.sn-mobile-list button.sn-has-panel,.sn-mobile-list button.has-list{font-size:1rem;width:100%;text-align:left;padding:16px 0;font-weight:500}.sn-mobile-list a.sn-has-panel,.sn-mobile-list a.has-list,.sn-mobile-list button.sn-has-panel.sn-has-panel,.sn-mobile-list button.sn-has-panel.has-list,.sn-mobile-list button.has-list.sn-has-panel,.sn-mobile-list button.has-list.has-list{position:relative}.sn-mobile-list a.sn-has-panel:after,.sn-mobile-list a.has-list:after,.sn-mobile-list button.sn-has-panel.sn-has-panel:after,.sn-mobile-list button.sn-has-panel.has-list:after,.sn-mobile-list button.has-list.sn-has-panel:after,.sn-mobile-list button.has-list.has-list:after{background-image:url('data:image/svg+xml, ');height:12px;width:7px;content:"";position:absolute;top:19px;right:0px;display:block}.sn-mobile-list a.sn-search-button,.sn-mobile-list button.sn-has-panel.sn-search-button,.sn-mobile-list button.has-list.sn-search-button{padding-right:30px}.sn-mobile-list a.sn-search-button:after,.sn-mobile-list button.sn-has-panel.sn-search-button:after,.sn-mobile-list button.has-list.sn-search-button:after{background-image:url('data:image/svg+xml, ');bottom:0px;top:14px;height:20px;width:20px}.sn-mobile-list .sn-link{display:flex;flex-direction:column;gap:4px}.sn-mobile-list .sn-link .sn-link-text{font-weight:500}.sn-mobile-list .sn-link .sn-link-description{color:#4d4d4d;font-size:14px;font-style:normal;font-weight:400}.sn-mobile-list .sn-subtitle{width:fit-content;border:none;padding:0}.sn-mobile-list li{border-bottom:1px solid #c4c4c4}.sn-mobile .sn-panel-buttons{margin-top:16px}.sn-mobile-nav .sn-search-input{min-width:100px}.sn-mobile-nav .sn-search .sn-panel-title{font-size:1.25rem;padding:20px 0}.sn-mobile-nav .sn-search .sn-search-results{margin-bottom:16px}.sn-mobile-nav .sn-search .sn-search-results a{font-weight:400}.sn-mobile-nav .sn-search .sn-entry-title{font-weight:400}.sn-mobile-nav .sn-search .sn-price-listing .sn-entry-title{font-weight:500}.sn-mobile-nav .sn-search .sn-entry-title .sn-search-nav a{margin:6px 0}.sn-mobile-nav .sn-search .sn-search-nav-research,.sn-mobile-nav .sn-search .sn-search-nav-news{display:flex;flex-wrap:wrap;align-items:start}.sn-mobile-nav .sn-search .sn-search-nav-research>a,.sn-mobile-nav .sn-search .sn-search-nav-news>a{margin-top:0;width:calc(100% - 110px)}.sn-mobile-nav .sn-search .sn-search-nav-research>p,.sn-mobile-nav .sn-search .sn-search-nav-news>p{width:110px;padding:8px;font-size:14px}.sn-mobile-nav .sn-search .sn-entry-title+.sn-price{color:#1a1a1a}.sn-mobile-nav .sn-search .sn-search-link{border:0px}.sn-mobile .sn-mobile-back{width:fit-content;border:0px;padding-bottom:0px;color:#0a70dc;font-size:1rem;font-weight:600;position:relative;padding-left:15px;padding-top:16px}.sn-mobile .sn-mobile-back:before{background-image:url('data:image/svg+xml, ');height:12px;width:7px;content:"";position:absolute;bottom:3.5px;left:0;display:block;transform:rotate(180deg)}.sn-mobile-header-search{height:38px;width:48px}.sn-mobile-button{height:38px;width:44px;text-align:center}.sn-mobile-button .sn-mobile-close{display:none;position:relative;top:2px}.sn-mobile-button.sn-open .sn-mobile-close{display:block}.sn-mobile-button.sn-open .sn-mobile-open{display:none}.sn-mobile-inner,.sn-mobile-inner-sub{transition:transform .25s,opacity .35s;transform:translateY(-15px);opacity:.35}.sn-mobile-inner-sub{transform:translateX(15px);padding-bottom:15px}.sn-mobile-nav.sn-animated .sn-mobile-inner,.sn-mobile-nav.sn-animated .sn-mobile-inner-sub{transform:translateY(0);opacity:1}.sn-mobile-nav.sn-animated .sn-mobile-inner-sub{transform:translateX(0)}.sn-mobile .sn-panel-close{display:none}.sn-panel{display:none;overflow:hidden}.sn-panel.sn-open{display:block}.sn-panel .sn-panel-intro{transition:transform .45s,opacity .25s;opacity:1;transform:translateY(0px)}.sn-panel.sn-animated .sn-panel-intro{opacity:1;transform:translateY(0px)}.sn-panel-main{transition:0s;opacity:1;transform:translateX(0px)}.sn-panel-main.sn-animated{opacity:1;transform:translateX(0px);transition:transform .45s,opacity .25s}.sn-panel{border-top:1px solid #c4c4c4;padding-top:25px;font-size:1rem;font-weight:400}.sn-panel .sn-panel-title{font-size:1.25rem;font-weight:600;border-bottom:1px solid #c4c4c4;padding-bottom:5px;margin-bottom:20px}.sn-panel-columns,.sn-panel-main>.sn-panel-list{position:relative;display:flex;gap:40px}.sn-panel-columns:after,.sn-panel-main>.sn-panel-list:after{position:absolute;content:"";top:0;left:31%;margin-left:19px;bottom:-30px;width:1px;background:#c4c4c4}.sn-panel-main>.sn-panel-list:after{left:50%;height:1000px;margin-left:-0.5px}.sn-panel-intro{width:31%}.sn-panel-nav,.sn-panel-subcontent,.sn-panel-main{flex:1}.sn-panel-intro,.sn-panel-main{padding-bottom:65px}.sn-panel-header{position:relative}.sn-panel-close{font-size:1rem;position:absolute;z-index:2;top:0;right:0;transition:opacity .25s}.sn-panel-close:hover{text-decoration:underline}.sn-panel-close:after{background-image:url('data:image/svg+xml, ');height:12px;width:13px;margin-left:8px;top:.5px;content:"";display:inline-block;position:relative}.sn-panel-nav a,.sn-panel-nav button.has-list{width:100%;text-align:left;font-size:1rem;border-radius:0px;display:block;padding:12px 14px;padding-right:30px;margin-bottom:6px;background:#fff;position:relative;font-weight:500}.sn-panel-nav a.has-list:after,.sn-panel-nav button.has-list.has-list:after{background-image:url('data:image/svg+xml, ');height:12px;width:7px;content:"";position:absolute;top:15px;right:17px;display:block}.sn-panel-nav a.sn-open,.sn-panel-nav a:hover,.sn-panel-nav button.has-list.sn-open,.sn-panel-nav button.has-list:hover{background:#071d49;color:#fff}.sn-panel-nav a.sn-open:after,.sn-panel-nav a:hover:after,.sn-panel-nav button.has-list.sn-open:after,.sn-panel-nav button.has-list:hover:after{background-image:url('data:image/svg+xml, ')}.sn-panel-nav .sn-link{display:flex;flex-direction:column;gap:4px}.sn-panel-nav .sn-link .sn-link-text{font-weight:500}.sn-panel-nav .sn-link .sn-link-description{color:#4d4d4d;font-size:14px;font-style:normal;font-weight:400}.sn-panel-nav .sn-link:hover .sn-link-description{color:#fff}.sn-panel-back{font-size:1rem;font-weight:500;margin-bottom:15px;text-decoration:underline !important;margin-left:14px}.sn-panel-back:hover{text-decoration:none !important}.sn-panel-buttons a{border-radius:0px;border:1px solid #c4c4c4;display:block;padding:12px 16px;margin-bottom:16px;font-weight:500;display:flex;align-items:center;gap:10px}.sn-panel-buttons a:hover{background:#ecf2fd;border-color:#071d49}.sn-panel-buttons a:hover span{text-decoration:underline;text-underline-offset:2px}.sn-panel-buttons a.sn-panel-featured{background:#fff;border:2px solid #0a6bd2;color:#0a70dc}.sn-panel-buttons a.sn-panel-featured:hover{background:#ebf4fe;color:#0a6bd2}.sn-panel-icon{display:flex;flex-direction:column;align-items:center;justify-items:center;width:40px;height:45px}.sn-panel-icon img,.sn-panel-icon svg{max-width:100%;margin:auto}.sn-panel .sn-panel-disclaimer{font-size:0.875rem;padding:0 0 24px}.sn-panel-accordion{margin-top:0px}.sn-panel-accordion-title{width:100%;text-align:left;border-radius:0 !important;position:relative;display:block !important;cursor:pointer;font-size:0.875rem;font-weight:600;padding:0 20px 6px 0 !important;border-bottom:1px solid #071d49 !important}.sn-panel-accordion-title:after{background-image:url('data:image/svg+xml, ');height:10px;width:16px;content:"";position:absolute;bottom:7px;right:0;display:block;transition:rotate .3s;rotate:0deg}.sn-panel-accordion-title:hover{opacity:.75}.sn-panel-accordion-content{padding-top:12px;font-size:0.875rem;line-height:18px;display:none;white-space:pre-line}.sn-panel-accordion.sn-open .sn-panel-accordion-content{display:block}.sn-panel-accordion.sn-open .sn-panel-accordion-title::after{rotate:180deg}.sn-panel-saving h3{font-weight:600}.sn-panel-rates{padding:10px 0 18px;display:grid;grid-template-columns:repeat(2, 1fr);gap:8px}.sn-panel-rates>a{border-radius:0;padding:8px 8px;border:1px solid #c4c4c4;display:block;transition:background .35s,border-color .35s}.sn-panel-rates>a:hover{background:#ecf2fd;border-color:#071d49}.sn-panel-rate{font-size:1.125rem;padding:4px 0;font-weight:700}.sn-panel-rate-title{font-weight:600;font-size:0.875rem !important;line-height:1.1em}.sn-panel-rate-suffix{font-weight:400;font-size:0.875rem;white-space:pre-line;opacity:.9}.sn-panel-main>.sn-panel-list{display:none}.sn-panel-main>.sn-panel-list.sn-open{display:flex}.sn-panel-header{display:none}.sn-panel-header.sn-open{display:block}.sn-panel-subcontent>.sn-panel-board,.sn-panel-subcontent>.sn-panel-list,.sn-panel-buttons{display:none}.sn-panel-subcontent>.sn-panel-board.sn-open,.sn-panel-subcontent>.sn-panel-list.sn-open,.sn-panel-buttons.sn-open{display:block}.sn-search{display:flex;gap:40px;position:relative}.sn-search:not(.sn-mobile-inner-sub):after{position:absolute;content:"";top:0;left:50%;margin-left:-0.5px;bottom:-30px;width:1px;background:#c4c4c4}.sn-search>*{flex:1}.sn-search .sn-subtitle{font-size:1.0625rem;font-weight:600}.sn-search .sn-panel-main{padding-top:28px}.sn-search-panel{padding:16px;margin-bottom:14px;background:#fdfaf0;display:flex;gap:6px;flex-direction:row;flex-wrap:wrap;justify-content:space-between}.sn-search-panel .sn-view-all{font-size:1rem}.sn-search-panel .sn-view-all:hover{text-underline-offset:2px;text-decoration:underline}.sn-search-panel div{width:100%}.sn-search .sn-sep{margin:22px 0;opacity:.3}.sn-search .sn-positive,.sn-search .sn-negative{border-radius:5px;padding:3px 5px;white-space:pre;min-width:85px;text-align:right;padding-left:25px;position:relative}.sn-search .sn-positive::before,.sn-search .sn-negative::before{content:"";position:absolute;display:block;top:6px;left:6px;width:13px;height:14px}.sn-search .sn-positive{background:#e5fbec;color:#137333}.sn-search .sn-positive::before{background-image:url('data:image/svg+xml, ')}.sn-search .sn-negative{background:#ffebeb;color:#cf0f0f}.sn-search .sn-negative::before{background-image:url('data:image/svg+xml, ')}.sn-search .sn-price-listing{color:#1a1a1a;font-weight:500;padding:8px 0;border-bottom:1px solid rgba(0,0,0,.1);display:flex;align-items:center;gap:6px}.sn-search .sn-price-listing:first-child{margin-top:6px;border-top:1px solid rgba(0,0,0,.1)}.sn-search .sn-price-listing:hover span:first-child{text-decoration:underline}@media(max-width: 380px){.sn-search .sn-price-listing{font-size:0.875rem}}.sn-search .sn-price{margin-left:auto;margin-right:4px}.sn-search-note{color:rgba(0,0,0,.7)}.sn-search-form{display:flex;gap:8px}.sn-search-input{flex:1;border-radius:2px;font-size:1rem;padding:9px 12px;border:1px solid rgba(0,0,0,.7)}.sn-search-submit{cursor:pointer;border:0px;background:#0a70dc;color:#fff;font-weight:500;font-size:1rem;border-radius:2px;position:relative;padding:10px 18px 10px 35px !important}.sn-search-submit::before{content:"";background-image:url('data:image/svg+xml, ');width:15px;height:15px;margin-right:8px;position:absolute;top:12px;left:12px}.sn-search-nav .sn-search-share{display:flex;gap:6px}.sn-search-nav .sn-search-share:last-child{margin-left:auto}.sn-search-preset{padding-bottom:0 !important}.sn-search-result-hidden{display:none}.sn-search-result{padding:28px 0;border-bottom:1px solid #c4c4c4}.sn-search-result.-hidden{display:none}.sn-search-result.-show{display:block}.sn-search .sn-search-title{font-size:1.125rem;font-weight:600}.sn-search .sn-search-results-recent a{padding-left:8px}.sn-search .sn-search-results-recent a:before{display:none}.sn-search .sn-search-compare,.sn-search .sn-subtitle{color:#071d49;font-family:Inter;font-size:1rem;font-style:normal;font-weight:600;line-height:normal;text-decoration-line:underline}.sn-search .sn-search-compare-invest{display:none}@media(min-width: 981px){.sn-search .sn-search-compare-invest{display:block}}.sn-search .sn-search-compare-bottom{display:block;padding-bottom:0;padding-top:24px}@media(min-width: 981px){.sn-search .sn-search-compare-bottom{display:none}}.sn-search .sn-search-accounts{display:grid;grid-template-columns:1fr;grid-gap:24px}@media(min-width: 768px){.sn-search .sn-search-accounts{grid-template-columns:1fr 1fr}}@media(min-width: 981px){.sn-search .sn-search-accounts{grid-template-columns:1fr}}@media(min-width: 1024px){.sn-search .sn-search-accounts{grid-template-columns:1fr 1fr}}.sn-search .-hidden{display:none}.sn-search .sn-search-account{border:1px solid #c4c4c4;background:#fff;padding:16px;position:relative}.sn-search .sn-search-account h4{padding-bottom:8px;font-weight:600}.sn-search .sn-search-account:hover{background-color:#f6fafe;border:1px solid #071d49}.sn-search .sn-search-account:active{background-color:#eff7ff;border:1px solid #071d49}.sn-search .sn-search-account .sn-search-account-heading{display:flex;justify-content:space-between;font-weight:600;color:#071d49;font-size:1rem}@media(min-width: 981px){.sn-search .sn-search-account .sn-search-account-heading{font-size:1.125rem}}.sn-search .sn-search-account .sn-search-account-chevron{margin-left:6px}.sn-search .sn-search-account .sn-search-account-content{color:#4d4d4d;font-weight:400}.sn-search .sn-search-account .sn-search-account-flare{position:absolute;bottom:0;right:0}.sn-search .sn-search-headings{display:flex;justify-content:space-between;align-items:center;margin-bottom:16px}.sn-search-nav{padding:12px 0px}.sn-search-nav a{display:block;padding:8px}.sn-search-nav a:hover{text-decoration:underline;text-underline-offset:2px;background:#f7f7f7}.sn-search-nav em{font-weight:600;font-style:normal}.sn-search .sn-search-link{font-weight:600;text-decoration:underline;text-underline-offset:2px}.sn-search .sn-search-link:hover{text-decoration:none}.sn-search #sn-search-news-container .sn-search-link,.sn-search #sn-search-research-container .sn-search-link{display:none}.sn-search .sn-search-nav-research,.sn-search .sn-search-nav-news{display:flex;flex-wrap:wrap;align-items:start}.sn-search .sn-search-nav-research>a,.sn-search .sn-search-nav-news>a{margin-top:0;width:calc(100% - 110px)}.sn-search .sn-search-nav-research>p,.sn-search .sn-search-nav-news>p{width:110px;padding:8px;font-size:14px}.sn-search-radio{border-style:none;display:flex;flex-wrap:wrap;gap:8px;align-items:center;padding:20px 0 0 0}.sn-search-radio-toggle label{display:inline-block;padding:8px 16px;border-radius:20px;background-color:#bddeff;color:#00366b;font-size:14px;text-align:center;cursor:pointer}.sn-search-radio-toggle label:hover{background-color:#00366b;color:#fff}.sn-search-radio-toggle input{position:absolute;opacity:0;width:0;height:0}.sn-search-radio-toggle input:checked+label{background-color:#00366b;color:#fff}.sn-search-radio-toggle input:focus+label,.sn-search-radio-toggle input:focus-visible+label{outline:2px solid #0a6bd2;outline-offset:2px}.sn-header-skip{background:#fee942;display:block !important;overflow:hidden;height:0px;outline:0px !important;font-size:0.875rem;font-weight:500}.sn-header-skip .sn-container{padding-top:7px;padding-bottom:3px}.sn-header-skip span{display:inline-block;padding:9px 0 11px;text-underline-offset:2px;text-decoration:underline}.sn-header-skip:focus-visible{height:auto}.sn-is-slim .sn-topbar-area,.sn-is-slim .sn-topbar-links,.sn-is-slim .sn-navbar-links{display:none;color:#071d49}.sn-is-slim .sn-navbar-actions{position:relative;top:2px;padding-bottom:0px}.sn-is-slim .sn-navbar-actions a:not(.sn-slim-visible),.sn-is-slim .sn-navbar-actions button:not(.sn-slim-visible),.sn-is-slim .sn-navbar-actions .sn-vsep{display:none !important}.sn-is-slim .sn-desktop>.sn-container{display:flex;align-items:center;justify-content:space-between}.sn-header-promo{width:100%;padding:14px 0;background:#071d49}.sn-header-promo .sn-container{display:flex;gap:12px;justify-content:space-between;margin:0 auto}.sn-header-promo p.sn-header-promo-body{color:#fff;font-size:0.875rem}.sn-header-promo a{color:#fff;text-decoration:underline;font-weight:500;text-underline-offset:2px}.sn-header-promo a:hover{text-decoration:none}.sn-header-promo button.sn-header-promo-button{margin-top:0px;color:#fff;font-weight:500;display:flex;align-items:center;font-size:0.875rem;text-underline-offset:2px}.sn-header-promo button.sn-header-promo-button:hover{text-decoration:underline}.sn-header-promo button.sn-header-promo-button::after{content:"";width:12px;height:12px;margin-left:7px;display:block;background-repeat:no-repeat;background:url('data:image/svg+xml, ')}.sn-loader div{border-radius:4px;overflow:hidden;margin-bottom:10px;background:rgba(0,0,0,.2);position:relative}.sn-loader div:after{display:block;position:absolute;top:0;left:0;right:0;bottom:0;content:"";animation-duration:1.25s;animation-fill-mode:forwards;animation-iteration-count:infinite;animation-name:snShimmer;animation-timing-function:linear;background:#a9a9a9;background:linear-gradient(to right, #eee 10%, #fff 18%, #eee 33%);background-size:1600px 100%;height:100%;opacity:.9}.sn-loader div:last-child{margin-bottom:0px}.sn-loader-a{height:20px;margin-bottom:12px}.sn-loader-b{height:80px;margin-bottom:12px}@keyframes snShimmer{0%{background-position:100% 0}100%{background-position:-100% 0}}.sn-hide-variant{display:none !important}.sn-only-personal{display:none !important}.sn-is-personal .sn-hide-personal:not(.sn-only-workplace){display:none !important}.sn-is-personal .sn-only-personal{display:block !important}.sn-mobile-nav .sn-hide-mobile{display:none !important}.sn-only-auth{display:none !important}.sn-is-auth .sn-hide-auth{display:none !important}.sn-is-auth .sn-only-auth{display:block !important}.sn-only-unauth{display:none !important}.sn-is-unauth .sn-hide-unauth{display:none !important}.sn-is-unauth .sn-only-unauth{display:block !important}.sn-only-guest{display:none !important}.sn-is-guest .sn-only-guest{display:block !important}.sn-only-client{display:none !important}.sn-is-client:not(.sn-is-workplace) .sn-only-client{display:block !important}.sn-is-client:not(.sn-is-workplace) .sn-only-guest{display:none !important}.sn-is-client:not(.sn-is-workplace) .sn-mobile-nav .sn-mobile-only-guest{display:none !important}.sn-is-client:not(.sn-is-workplace).sn-is-auth .sn-only-client.sn-hide-auth{display:none !important}.sn-is-client:not(.sn-is-workplace).sn-is-unauth .sn-only-client.sn-hide-unauth{display:none !important}.sn-only-workplace{display:none !important}.sn-is-workplace .sn-hide-workplace{display:none !important}.sn-is-workplace .sn-only-workplace{display:block !important}.sn-is-invisible{height:0;overflow:hidden}.cookieSettingsModal{display:none}.cookieSettingsModal__section{margin:20px 0}.cookieSettingsModal{background:#fff;padding:30px;margin:32px;max-height:90%}@media only screen and (min-width: 460px)and (max-height: 600px){.cookieSettingsModal{margin:0}}.cookieSettingsModal{overflow-y:scroll;border-radius:4px}@media only screen and (max-height: 768px){.cookieSettingsModal{margin:32px;overflow-y:scroll}}.cookieBanner{background:rgba(0,0,0,.6);position:fixed;top:0;right:0;bottom:0;left:0;width:100%;height:100%;z-index:950;overflow:hidden;overflow-y:auto;font-size:16px;line-height:28px}.cookieBanner .show{display:block}.cookieBanner .hide{display:none}.cookieBanner *+p,.cookieBanner p+*{margin-top:1.5625rem}@media only screen and (min-width: 460px){.cookieBanner{font-size:18px}}@media only screen and (min-width: 460px)and (min-height: 600px){.cookieBanner{display:flex;flex-direction:column;justify-content:center;align-items:center}}.cookieBanner__inner{max-height:calc(100% - 64px);position:relative;text-align:left;font-family:Inter,Arial,Helvetica,sans-serif}@media only screen and (min-width: 460px)and (min-height: 600px){.cookieBanner__inner{max-width:600px;width:90%}}.cookieBanner__inner h4{font-weight:600}.cookieBanner__modalContent{position:fixed;top:50%;transform:translateY(-50%);background:#fff;padding:30px;margin:32px;border-radius:4px}@media only screen and (max-width: 375px){.cookieBanner__modalContent{margin-top:8px}}@media only screen and (min-width: 460px)and (min-height: 600px){.cookieBanner__modalContent{position:relative;top:auto;transform:none}}@media only screen and (min-width: 460px){.cookieBanner__modalContent{margin:auto}}@media only screen and (max-width: 280px){.cookieBanner__modalContent{position:relative;transform:none}}@media only screen and (max-height: 460px){.cookieBanner__modalContent{margin:8px 32px;max-height:80%;overflow-y:scroll}}.cookieBanner__text{margin-bottom:30px;font-family:Inter,Arial,Helvetica,sans-serif}.cookieBanner__buttons{display:flex;flex-direction:column-reverse}@media only screen and (min-width: 768px){.cookieBanner__buttons{flex-direction:row;align-items:center}}.cookieBanner__settingsAccept{display:block}.cookieBanner__accept{display:block;margin:0}@media only screen and (min-width: 768px){.cookieBanner__accept{margin:0 0 0 30px}}.cookieBanner__settings{position:relative;display:block;text-align:center;font-weight:500;font-size:1rem;line-height:1.5rem;text-transform:uppercase}.cookieBanner__link{border:0;position:relative;vertical-align:text-bottom}.cookieBanner__settingsIcon{margin-right:30px}.cookieBanner__settingsIcon:before{background:url("data:image/svg+xml;base64,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") no-repeat;position:absolute;content:"";height:24px;width:24px;transform:translate(5px, 5px);top:-5px;left:-5px;background-size:24px 24px}.cookieBanner h2{display:block;font-size:24px;margin-block-start:13px;margin-block-end:13px;margin-inline-start:0px;margin-inline-end:0px;font-weight:bold}.cookieBanner body.-cb-open{height:100vh;overflow-y:hidden}.cookieBanner .cookieDecisionRadioGroup_wrapper{display:flex;flex-direction:row;align-items:flex-start;padding:0px;gap:24px;margin-top:16px;border:none}.cookieBanner .radio{position:relative;cursor:pointer;display:flex}.cookieBanner .radio__text{padding-top:8px}.cookieBanner .radio__label{display:block;margin-left:12px;font-size:16px;font-weight:500;line-height:24px;letter-spacing:-0.32px;cursor:pointer;color:#071d49}.cookieBanner .radio__input{appearance:none;background-color:rgba(0,0,0,0);margin:0;cursor:pointer;max-height:40px}.cookieBanner .radio__input::before{content:"";display:inline-block;color:#c4c4c4;width:40px;height:40px;box-shadow:inset 0 0 0 2px #c4c4c4;border-radius:22px;transition:all 150ms linear}.cookieBanner .radio__input::before{content:"";display:inline-block;color:#8a8a8a;width:40px;height:40px;box-shadow:inset 0 0 0 2px #8a8a8a;border-radius:22px;background-color:#fff;transition:all 150ms linear}.cookieBanner .radio__input:focus{outline:0}.cookieBanner .radio__input:focus::before{box-shadow:inset 0 0 0 4px #071d49;outline:2px solid #00deb2}@media only screen and (min-width: 768px){.cookieBanner .radio__label{font-size:18px;line-height:28px}}.cookieBanner .radio__input__bgiTh::before{content:"";display:inline-block;width:28px;height:28px;box-shadow:inset 0 0 0 2px #c4c4c4;border-radius:22px;transition:all 150ms linear}.cookieBanner .radio__input__bgiTh:checked::before{background:url("data:image/svg+xml;base64,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") no-repeat 0 0;box-shadow:inset 0 0 0 2px #071d49}.cookieBanner .radio__input__bgiTh:hover::before{box-shadow:inset 0 0 0 2px #071d49}.cookieBanner .button-module_button{cursor:pointer;font-family:Inter,sans-serif;font-size:16px;line-height:24px;padding:12px 24px;border:0;font-weight:600;transition:all 150ms linear;width:auto;display:block;margin:0}.cookieBanner .cookieBanner__modalContent .cookieBanner__buttons .button-module_button{width:100%;height:auto}@media only screen and (min-width: 768px){.cookieBanner .cookieBanner__modalContent .cookieBanner__buttons .button-module_button{width:231px;height:62px}}.cookieBanner .cookieBanner__modalContent .cookieBanner__buttons .button-module_button-primary{margin:0 0 24px 0}@media only screen and (min-width: 768px){.cookieBanner .cookieBanner__modalContent .cookieBanner__buttons .button-module_button-primary{margin:0 0 0 30px;padding:0}}.cookieBanner .button-module_button:hover,.cookieBanner .button-module_button:active{background-color:#0857aa;border:1px solid #0a70dc;color:#fff}.cookieBanner .button-module_button-primary{background:#0a70dc;border:1px solid #0a70dc;color:#fff}@media only screen and (min-width: 460px){.cookieBanner .button-module_button-primary{margin-bottom:0px}}.cookieBanner .button-module_button-secondary{background:#fff;border:1px solid #0a70dc;color:#0a70dc}.cookieBanner .button-module_button-secondary:focus{border:1px solid #00deb2}.cookieBanner .button-module_button-secondary:hover{border:.0625rem solid var(#0857aa);background-color:var(#0857aa)}.cookieBanner .button-module_button:focus{background-color:#00deb2;border:1px solid #00deb2;box-shadow:inset 0 -2px 0 0 #071d49;outline:0;color:#071d49}@media only screen and (min-width: 768px){.cookieBanner .button-module_button{padding:16px 32px;font-size:18px;line-height:28px;width:auto}}.cookieBanner .link-module_link-body{color:#0a70dc;text-decoration:underline;text-underline-offset:4px;text-decoration-color:currentcolor}.cookieBanner .link-module_link:focus{outline:0;color:#071d49;text-decoration-thickness:2px}.cookieBanner .link-module_link:hover{color:#0857aa;text-decoration:none}.cookieBanner .link-module_link:focus .link-module_link-span{background-color:#00deb2}.cookieBanner .sr-only:not(:focus):not(:active){clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;overflow:hidden;position:absolute;white-space:nowrap;width:1px}.notificationStripContainer{display:flex;flex-wrap:wrap;justify-content:center;align-items:center;text-align:center;background-color:#071d49;padding:14px;font-size:1.125rem;line-height:24px;color:#fff;gap:10px}.notificationContent{display:flex;flex-wrap:wrap;justify-content:center;align-items:center;gap:10px}.notificationStripText{width:100%}.notificationStripInner{display:flex;justify-content:center;align-items:center}.notificationStripDays{display:flex;gap:4px;margin-right:10px}.notificationStripDigit{font-family:"HLOswald","Oswald",Impact,Franklin Gothic Bold,sans-serif;background-color:#fff;font-weight:800;border-radius:4px;min-width:20px;min-height:28px;color:#162c57;font-size:24px;align-items:center;text-align:center;padding-top:1px}@media(max-width: 389px){.notificationContent{flex-direction:column;align-items:flex-start;text-align:left}.notificationStripInner{justify-content:flex-start}}@media(min-width: 390px){.notificationContent{flex-direction:row;align-items:center;text-align:center}.notificationStripText{width:auto}.notificationStripInner{justify-content:center}}.notificationStripSlash{display:none}@media(min-width: 580px){.notificationStripSlash{display:block;margin:0 10px;color:#fff}}.notificationStripTitle{font-weight:700}.notificationStripLastDayMessage strong{font-weight:700}
Share research Ashtead - revenue guidance ticks higher Ashtead reported a 25% increase in revenue over the first nine months, excluding the impact of exchange rates, to $7.2bn.
No recommendation - No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.
Prices delayed by at least 15 minutes
This article is more than 2 years old
It was correct at the time of publishing. Our views and any references to tax, investment, and pension rules may have changed since then.
Ashtead reported a 25% increase in revenue over the first nine months, excluding the impact of exchange rates, to $7.2bn. Performance was largely driven by rental revenue growth in the largest region, the US, and Canada. The UK posted single-digit revenue growth.
Underlying profit before tax rose 26% to $1.8bn, driven by top-line growth and a small increase in margins.
The Group generated free cash flow of $295m (2022: $738m), the decline due to higher capital expenditure. Net debt rose to $8.8bn (2022: $6.9bn) as cash made its way back to shareholders and the group invested in bolt-on acquisitions.
Full-year rental revenue is now expected to grow 21-23%, up from previous guidance of 18-21%. Free cash flow is expected around $300m.
The shares rose 3.4% in early trading.
View the latest Ashtead share price and how to deal
Our view Ashtead, which rents construction and industrial equipment, continues to take advantage of a healthy environment despite the obvious recession clouds circling above.
Looking at the core US business, strong organic growth is continuing. Diversification has been called out as a driver of sales growth. Ashtead continues to invest boldly both internally (essential for maintaining a fleet of best-in-class equipment) as well as in mopping up competitors in this fragmented market.
The potential for increased fiscal stimulus over the coming years plays into Ashtead's hands, particularly in the US, an area of focus for the group's investment, where planned infrastructure spend still has room to run. Ashtead's scale and expertise should place it well to be a key supplier for large-scale projects.
We're also supportive of the rental model, which allows customers greater flexibility and helps to counter ongoing supply-chain issues. The proportion of equipment owned by rental companies has increased dramatically and Ashtead believes the 55% seen in the US has room to grow. We're inclined to agree when you consider the rental proportion of equipment in the UK is at 75%.
The balance sheet is in reasonable health and means the group can invest to meet the extra demand - opening new stores, expanding its rental fleet and pursuing its strategy of bolt-on acquisitions, where appropriate, too.
There are challenges though, not least of which are increasing costs. Ashtead's been able to pass these on through rent rises, but it's still having a dampening effect on margin growth.
There's also a very real recession risk to consider. Construction is a cyclical business, meaning demand tends to ebb and flow alongside economic conditions. Markets are pricing in a recession in both the UK and US next year. Though there's a slither of good news for Ashtead, in that its key US market looks like it could have a softer landing.
Longer term, we're supportive of the sector with several structural tailwinds underway and we prefer larger-scale names like Ashtead. Though, cyclical stocks have had a positive reaction to data suggesting a US recession may not be as bad as once feared, and that's pushed the valuation ahead of its longer-term average. But markets are fickle and the valuation would come under pressure if sentiment were to reverse.
Ashtead Group key facts Forward price/earnings ratio (next 12 months): 17.1
Ten year average forward price/earnings ratio: 15.3
Prospective dividend yield (next 12 months): 1.5%
All ratios are sourced from Refinitiv. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn't be looked at on their own - it's important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by Refinitiv. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.
Latest from Share research
Sign up for editors choice. The week's top investment stories, free in your inbox every Saturday.
Written by
Matt Britzman
Senior Equity Analyst
Matt is a Senior Equity Analyst on the share research team, providing up-to-date research and analysis on individual companies and wider sectors. He is a CFA Charterholder and also holds the Investment Management Certificate.
Our content review process
The aim of Hargreaves Lansdown's financial content review process is to ensure accuracy, clarity, and comprehensiveness of all published materials
Published: 7th March 2023
This website uses cookies
To help personalise your experience with HL and show you relevant content and adverts, we use cookies.
By clicking "Accept All Cookies", you consent to our use of cookies. You can change this at any time. If you want to know more, read our cookie policy .
Cookie Settings
Accept All Cookies
You have accepted all cookies
Cookie settings
To make sure you get the most from our website, we use cookies.
Accept All Cookies
You have accepted all cookies
Essential Cookies
These allow our website to work properly and gives us anonymous
information about how the website is used.
Functional cookies
The website will remember you (for example, for faster login) and help
us understand how you use the site.
Marketing cookies
You'll see tailored adverts. If you turn these off, you will still see
adverts but they may not be relevant to your interests.
Save preferences
Find out more about how we use cookies