40.16
RevenueE£M
453.6
469.3
481.8
497.8
508.2
537.2
572.6
593.8
616.1
641.1
41.49
4.76%
4.14%
63
20.00
Revenue growth%
29.25
26.40
28.03
25.31
24.16
24.40
26.31
25.92
28.04
30.31
28.56
26.31
26.35
94
15.67
Gross margin%
24.22
24.12
23.19
23.46
24.36
23.11
24.29
21.30
23.03
22.35
18.05
23.03
23.32
27
7.04
Operating margin%
8.28
8.64
6.25
5.16
5.77
4.11
2.26
1.54
3.28
2.19
3.53
2.26
4.64
63
2.68
Net margin%
16.71
16.12
16.89
19.03
17.30
15.75
18.24
19.75
19.27
16.89
14.64
18.24
17.10
47
17.45
P/E ratio (avg)x
29.78
31.13
35.12
34.27
34.26
34.61
33.41
30.61
27.50
26.97
14.06
30.61
32.27
9
15.90
EV/EBITx
19.74
20.22
18.95
17.82
20.20
21.39
19.75
22.43
21.20
22.60
10.78
21.39
20.21
17
21.51
FCF yield (avg)%
31.35
32.65
34.86
37.14
38.79
36.42
34.44
34.86
35.43
36.89
17.93
35.43
35.15
50
20.07
FCF margin%
15.70
16.40
17.16
15.09
17.62
18.69
20.52
19.77
21.80
23.10
10.01
20.52
18.16
55
0.358
FCF / Net incomex
1.236
1.164
1.049
1.142
1.030
1.155
1.159
1.167
1.198
1.108
0.407
1.159
1.157
49
18.62
ROIC%
13.68
13.11
15.84
13.87
11.78
14.70
15.39
17.73
16.34
18.86
19.98
16.34
15.04
62
5.15
Return on equity%
19.54
20.31
22.19
25.08
23.55
23.36
25.51
24.78
22.80
23.51
22.83
23.51
23.44
13
8.33
Return on assets%
15.34
15.15
17.53
17.27
20.25
20.83
22.85
21.33
21.30
24.19
22.11
21.33
20.54
77
0.19
EPSE£
0.24
0.25
0.28
0.30
0.32
0.39
0.40
0.44
0.52
0.50
0.20
9.13%
8.65%
—
11.58
EPS growth%
24.85
23.37
26.16
27.27
25.25
25.94
23.28
21.88
19.49
20.12
17.14
21.88
24.11
23
0.22
Bookvalue per shE£
0.18
0.17
0.18
0.19
0.18
0.18
0.17
0.19
0.21
0.23
0.23
5.06%
2.08%
—
0.23
FCF per shareE£
0.15
0.15
0.17
0.19
0.19
0.20
0.24
0.23
0.23
0.22
0.25
2.87%
4.14%
—
0.21
Dividend per shE£
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.20
(0.94%)
(0.49%)
—
14.89
Div yield (avg)%
21.87
21.97
23.11
20.24
22.90
23.93
21.03
19.88
18.79
18.67
8.68
19.88
21.45
45
14.62
Payout ratio%
26.70
23.74
22.53
25.37
25.36
25.66
24.34
22.44
20.19
18.94
26.73
22.44
24.04
78
1.243
Shares (diluted)B
1.497
1.713
2.031
2.317
2.342
2.585
2.819
3.157
3.616
3.832
1.226
10.35%
9.82%
75
4.45
Buyback yield%
17.62
18.18
16.91
18.01
17.24
15.24
12.90
13.91
16.22
17.01
6.07
15.24
16.96
67
0.330
D/E ratiox
0.370
0.374
0.339
0.301
0.323
0.332
0.335
0.335
0.290
0.284
1.486
0.332
0.334
36
75.60
Enterprise valueE£M
640.5
649.0
622.4
621.2
619.3
682.2
716.0
746.5
863.8
840.3
213.6
6.29%
4.23%
91
179.1
LT debtE£M
372.3
326.2
302.9
321.6
303.0
280.2
257.0
244.0
206.3
190.8
521.9
(8.84%)
(6.73%)
89
Revenue
E£641.1M
4.14%
1.00×
Cost of revenue
E£388.2M
4.40%
1.03×
Operating expenses
E£122.3M
3.49%
0.94×
Spread over hurdle
(8.50%)