Professional
Added to YB: 2025-04-07
Pitch date: 2025-04-03
RTO [neutral]
Rentokil Initial plc
+44.34%
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 15.3B
Pitch Price
GBP 21.71
Price Target
46.00 (+47%)
Dividend
2.02%
EV/EBITDA
13.04
P/E
43.30
EV/Sales
2.61
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.
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