Professional
Added to YB: 2024-09-20
Pitch date: 2024-09-11
RTO [bullish]
Rentokil Initial plc
+33.08%
current return
Author Info
No bio for this author
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 16.1B
Pitch Price
GBP 23.71
Price Target
6.20 (-80%)
Dividend
1.94%
EV/EBITDA
14.18
P/E
56.01
EV/Sales
2.88
Sector
Commercial Services and Supplies
Category
value
Rentokil Initial plc: Recent Sales and Marketing Investments Yet to Bear Fruit; Shares Still Attractive
RTO: Wide-moat pest control leader. N. America organic growth down to 1% in 2024. Terminix integration disruption. Still appealing at current levels. FVE GBX 620/USD 39.50. Expect 4% organic growth from 2025. M&A focus, digital transformation. 10-yr EBIT CAGR 10.5%. EBIT margin to widen to 24% mid-cycle.
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