Professional
Added to YB: 2024-07-30
Pitch date: 2024-07-17
RTO [bullish]
Rentokil Initial plc
-2.14%
current return
Author Info
White Falcon Capital is a value-investing fund that aspires to buy and hold a collection of wonderful publicly listed businesses run by aligned and like-minded managers and owners. Follow on Twitter/X.
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 29.35
Price Target
N/A
Dividend
2.25%
EV/EBITDA
13.29
P/E
42.20
EV/Sales
2.63
Sector
Commercial Services and Supplies
Category
value
White Falcon Capital Portfolio Holding: Rentokil Initial plc
RTO: Global pest control/hygiene co. Stable revenue, strong moat. Trades 19x 2024E, 12x 2026E earnings vs typical 25x. Acquired Terminix (US leader), facing integration challenges. Due diligence suggests successful integration likely. Valuation discounts issues, offering asymmetric upside potential with limited downside risk.
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