Professional
Added to YB: 2024-08-08
Pitch date: 2024-08-06
RTO [bullish]
Rentokil Initial plc
+7.28%
current return
Author Info
GreenWood Investors is a bottom-up, mostly long, concentrated and constructivist global investment firm focused on areas of pessimism, structural inefficiencies and low competition. Sign up for the newsletter.
Company Info
Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, Europe, the United Kingdom, Asia, the Middle East, North Africa, Turkey, and Pacific.
Market Cap
GBP 15.3B
Pitch Price
GBP 29.20
Price Target
N/A
Dividend
2.02%
EV/EBITDA
13.04
P/E
43.30
EV/Sales
2.61
Sector
Commercial Services and Supplies
Category
turnaround
GreenWood Investors Added On Portfolio Holding: Rentokil Initial plc
RTO: Acquired Terminix, top US pest control brand. Stock down due to Terminix underperformance vs Orkin. Rentokil fixing technician & customer retention issues. As integration progresses, organic growth expected to improve. Success could reveal 'compounder moat' in daily execution. Opportunity in short-term volatility.
Read full article (1 min)