Professional
Added to YB: 2024-05-27
Pitch date: 2024-05-24
RTO [bullish]
Rentokil Initial plc
+7.87%
current return
Author Info
Voss Capital is a hedge fund looking for value-oriented special situations. 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 10.1B
Pitch Price
GBP 3.96
Price Target
52.00 (+1117%)
Dividend
2.25%
EV/EBITDA
13.29
P/E
42.20
EV/Sales
2.63
Sector
Commercial Services and Supplies
Category
value
Voss Capital Value Fund Portfolio Holding: Rentokil Initial plc
RTO: Global pest control leader at 10x '25 EBITDA post Terminix deal. Integrating caused growth slowdown, stock unfairly punished. Trades below 15-26x deal comps, 27x closest comp ROL, and 15x historical avg. 100% upside just re-rating to low-end of comps. USD reporting & US listing could drive re-rating higher.
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