Rollins 🪳🪤🐁
Pests such as termites, rodents, mosquitoes and other insects form the basis of Rollins' business. Rollins is an international specialist in pest control.
Founded in 1948, the company has a 20% market share in North America and serves 2.8 million customers. The business model sounds boring, but it is lucrative.
Sales have grown by an average of 10% per year in recent years. Since over 80% of sales are recurring and pests need to be controlled in both good and bad times, the business appears to be very solid.
The dividend yield is 1.24%. Rollins manages the feat of a steadily growing dividend. It pays a dividend 4 times a year. The payout months are March, June, September and December. Unfortunately, just paying attention to the dividend is not enough.
With a P/E ratio of 51.9, the share is anything but cheap, but given the business model and sales figures, it is an interesting opportunity for a long-term investment.
Is the share valued too high or is it still worth buying in?
