255.1
RevenueE£M
581.1
603.9
626.1
649.8
689.6
727.4
765.6
809.1
826.3
263.6
294.0
4.92%
4.07%
71
24.98
Revenue growth%
19.99
22.24
20.48
20.40
22.14
21.35
22.23
22.03
22.11
8.06
3.12
22.11
21.69
68
28.07
Gross margin%
32.30
32.99
35.52
36.48
36.19
38.80
41.04
41.23
39.60
27.28
16.95
39.60
36.34
63
17.76
Operating margin%
25.54
26.64
27.31
28.24
28.55
27.05
29.72
27.08
28.03
11.94
25.56
28.03
27.20
65
15.06
Net margin%
7.13
9.06
6.41
4.55
6.40
3.86
5.23
4.81
2.47
7.35
20.08
4.81
5.81
89
30.05
P/E ratio (avg)x
30.15
33.10
31.51
30.82
35.38
35.52
38.59
38.96
39.88
11.21
15.85
38.59
34.24
66
32.54
EV/EBITx
40.65
40.04
43.11
39.72
43.07
39.41
44.09
42.74
42.39
19.69
13.63
42.74
41.52
63
16.93
FCF yield (avg)%
10.30
10.50
7.76
9.88
7.67
9.78
11.77
10.37
8.27
11.00
12.96
9.78
10.09
36
8.72
FCF margin%
14.40
15.09
16.63
18.57
15.90
13.37
12.70
10.33
11.99
19.27
8.56
12.70
14.75
23
1.321
FCF / Net incomex
0.284
0.300
0.270
0.269
0.284
0.263
0.276
0.283
0.278
1.100
1.150
0.278
0.280
46
12.69
ROIC%
25.05
26.72
29.10
27.19
28.81
25.86
22.88
24.55
23.29
20.86
17.74
24.55
26.29
84
14.62
Return on equity%
22.92
24.49
23.62
22.09
22.24
24.69
23.83
24.20
23.03
9.22
9.45
23.83
23.33
42
12.12
Return on assets%
29.17
30.81
29.47
32.29
31.29
29.61
28.63
30.23
27.39
9.03
7.64
29.61
29.54
43
28.41
EPSE£
63.36
76.65
91.00
100.15
110.15
121.46
128.06
151.42
154.38
31.50
32.74
9.04%
9.52%
—
6.74
EPS growth%
17.07
19.09
19.85
20.24
22.37
22.01
19.24
17.21
17.51
13.82
25.67
19.24
19.16
63
12.93
Bookvalue per shE£
21.19
19.95
20.89
23.98
26.44
28.54
30.12
33.36
39.03
24.51
47.03
10.23%
9.43%
—
39.55
FCF per shareE£
19.88
21.61
19.01
19.46
20.47
19.54
17.57
19.08
19.47
46.19
32.62
0.01%
(1.13%)
—
24.71
Dividend per shE£
18.54
20.34
24.20
26.85
31.24
32.68
34.90
39.64
38.27
49.14
19.19
7.34%
10.07%
—
26.77
Div yield (avg)%
13.63
12.89
13.09
10.92
9.70
7.04
7.00
7.61
10.59
18.54
10.01
7.61
10.76
82
3.55
Payout ratio%
16.60
14.90
15.45
18.38
19.97
19.80
20.83
21.46
20.37
24.50
14.61
20.37
19.09
93
6.529
Shares (diluted)M
7.050
7.365
7.115
7.969
8.343
8.511
8.562
8.010
7.797
6.554
6.319
(0.43%)
1.64%
22
12.62
Buyback yield%
16.09
16.40
16.33
13.38
10.61
10.56
11.08
9.77
8.15
19.66
28.71
10.56
12.23
47
0.841
D/E ratiox
0.150
0.162
0.150
0.156
0.147
0.151
0.171
0.176
0.165
1.471
1.618
0.165
0.155
76
480.4
Enterprise valueE£M
540.7
521.9
562.7
606.0
670.7
686.4
652.7
592.4
612.0
352.9
481.5
0.20%
1.85%
22
373.0
LT debtE£M
413.4
369.1
395.9
426.2
378.8
381.4
392.3
381.7
350.2
277.1
277.7
(3.85%)
(2.62%)
13
Revenue
E£826.3M
4.07%
1.00×
Cost of revenue
E£578.4M
4.07%
1.00×
Operating expenses
E£148.1M
3.52%
0.95×
Cash and investments
14.13%
Spread over hurdle
(16.56%)