$Rentokil Initial PLC (RTO.US)$It is a British pest control ...
$Rentokil Initial PLC (RTO.US)$It is a British pest control company. Revenue has continued to grow over the past 5 years, with an average growth rate of 9%. Operating profit declined 10.8% in 2018 due to the decline in gross margin, and continued to grow for the next 4 years. The 5-year average growth rate was 7.4%, of which it increased 18.5% in 2022. Net profit was affected by special expenses for 1 year in 2018, and declined during the next 4 years due to fluctuations affected by other special expenses.
In the first half of 2023, revenue increased 70%, operating profit increased 86.5%, and net profit increased by only 49.2% due to a sharp increase in interest expenses.
Currently, the price-earnings ratio is 54.7, and the price-earnings ratio has dropped to 49.6. Considering that recent growth is mainly affected by large-scale acquisitions in 2022, it is necessary to observe several more quarters to confirm the sustainability of growth before making a judgment.
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