0.675
RevenueE£B
0.868
0.922
0.976
1.076
1.142
1.260
1.392
1.529
1.656
1.767
0.713
9.12%
8.40%
14
6.17
Revenue growth%
21.41
21.54
21.79
18.80
21.80
23.08
24.81
25.04
22.07
22.14
10.48
23.08
21.94
57
27.77
Gross margin%
0.97
0.40
0.57
0.77
0.40
0.40
1.19
1.68
2.11
2.42
12.88
1.68
0.87
78
16.45
Operating margin%
14.37
15.00
17.46
14.55
14.64
17.30
17.90
18.67
21.60
22.50
27.55
18.67
17.38
57
20.91
Net margin%
3.15
0.54
0.40
2.23
0.49
0.40
2.76
2.38
1.72
2.66
23.48
2.38
1.97
49
12.01
P/E ratio (avg)x
23.88
24.53
27.71
27.07
26.72
30.65
34.26
36.89
35.62
40.31
6.844
35.62
29.18
68
25.00
EV/EBITx
33.48
31.43
29.16
27.16
30.35
29.70
34.42
33.39
34.80
38.71
20.12
34.42
32.41
44
12.30
FCF yield (avg)%
17.11
19.31
19.79
18.63
16.86
16.20
16.79
19.30
20.83
21.24
9.17
19.30
18.97
76
17.43
FCF margin%
23.29
23.60
23.92
22.68
21.09
18.12
18.16
15.91
18.70
15.96
29.45
18.12
19.89
86
0.575
FCF / Net incomex
1.162
1.230
1.409
1.519
1.483
1.577
1.779
1.955
1.885
2.197
1.755
1.885
1.548
60
17.19
ROIC%
18.84
21.08
21.04
18.43
20.86
20.05
18.92
21.56
21.74
24.38
24.32
21.56
20.95
53
25.24
Return on equity%
5.52
6.27
5.84
6.61
8.33
7.99
7.07
9.68
9.11
11.50
10.34
9.11
7.53
54
9.53
Return on assets%
6.34
8.71
10.75
12.78
10.50
8.92
7.73
9.04
7.27
5.40
22.50
7.73
8.82
75
0.36
EPSE£
0.28
0.31
0.31
0.27
0.30
0.31
0.34
0.29
0.26
0.23
0.38
(4.96%)
(3.20%)
—
20.74
EPS growth%
16.53
13.94
12.57
14.06
13.32
10.82
7.89
7.82
7.72
5.96
28.05
7.82
11.70
40
0.17
Bookvalue per shE£
0.37
0.35
0.38
0.34
0.38
0.34
0.34
0.32
0.34
0.35
0.51
(1.62%)
0.26%
—
0.21
FCF per shareE£
0.31
0.28
0.29
0.28
0.24
0.23
0.23
0.21
0.21
0.20
0.23
(3.82%)
(3.79%)
—
0.31
Dividend per shE£
0.12
0.11
0.12
0.13
0.13
0.14
0.14
0.14
0.16
0.15
0.44
3.50%
2.51%
—
5.69
Div yield (avg)%
27.32
27.09
29.91
31.65
29.38
30.00
28.68
28.68
27.86
26.57
9.00
28.68
28.68
7
11.08
Payout ratio%
4.61
4.63
2.26
3.59
5.13
6.26
8.85
10.74
10.93
12.42
5.55
10.74
5.69
71
0.915
Shares (diluted)B
1.194
1.403
1.593
1.873
1.949
2.270
2.249
2.574
2.930
3.326
0.903
11.28%
11.13%
26
13.43
Buyback yield%
7.35
7.22
7.69
6.63
3.86
4.54
1.66
1.04
0.40
0.40
3.43
1.04
4.20
93
1.796
D/E ratiox
2.864
3.362
3.875
4.471
4.786
5.431
6.169
6.123
6.637
7.618
1.295
6.169
5.109
38
1.257
Enterprise valueE£B
1.493
1.776
1.855
2.167
2.337
2.597
2.951
3.377
3.416
3.358
1.400
7.52%
10.38%
31
1.165
LT debtE£B
0.406
0.409
0.417
0.467
0.560
0.593
0.653
0.673
0.707
0.852
1.220
8.74%
8.13%
32
Revenue
E£1.767B
8.40%
1.00×
Cost of revenue
E£1.026B
7.94%
0.96×
Operating expenses
E£299.2M
8.94%
1.05×
Spread over hurdle
10.38%