Buy ROL by Oct 28, 2026.

Pest control is the ultimate AI-immune business. At the end of 2022, EV was $18B, EPS $0.75, FCF $435MM. Today, $19.6B EV, $1.14 EPS, $650FCF. I have always struggled with the low absolute FCF yield on ROL (currently 3.3% which is at the higher end historically). This is explained by the incredible stickiness of the business and competitive landscape. Most of the competition is local small business pest control firms. Rentokil is the international competitor (and it is getting smoked …