Professional
Added to YB: 2025-04-07
Pitch date: 2025-04-03
RTO [neutral]
Rentokil Initial plc
+32.13%
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 10.1B
Pitch Price
GBP 21.71
Price Target
46.00 (+60%)
Dividend
2.25%
EV/EBITDA
13.29
P/E
42.20
EV/Sales
2.63
Sector
Commercial Services and Supplies
Category
turnaround
Silver Beech Capital Portfolio Holding: Rentokil Initial plc
RTO (holding update): World's largest pest services co. Attractive model: capital-light, recurring revenue, variable costs, GDP+ growth. Recent Terminix acquisition struggling, but 40%+ upside at 11x TEV/EBITDA. Trian involvement positive. U.S. relisting potential. Short-term issues obscure long-term quality and structural growth trends.
Read full article (4 min)