$Rentokil Initial PLC (RTO.US)$It is a British company that ...
$Rentokil Initial PLC(RTO.US$It is a British company that does pest control. Revenue has continued to grow over the past 5 years, with an average growth rate of 9%, of which 25.6% in 2022, operating profit declined 10.8% in 2018 due to the decline in gross margin, and continued to grow for the next 4 years. The average growth rate for 5 years was 7.4%. Of these, net profit was affected by special expenses and lost 1 year in 2018.
In the first half of 2023, revenue increased by 70%, operating profit increased by 86.5%, and net profit increased by only 49.2% due to the sharp increase in interest expenses.
Currently, the price-earnings ratio is 54.7, and the price-earnings ratio TTM has dropped to 49.6. Considering that recent growth is mainly the impact of large-scale acquisitions in 2022, it is necessary to observe a few more quarters to confirm the sustainability of growth before making a judgment.
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