2.675
RevenueE£B
2.757
2.929
3.041
3.208
3.428
3.589
3.776
3.952
4.127
4.301
2.897
4.64%
5.20%
79
25.78
Revenue growth%
14.00
16.17
16.53
15.12
15.52
16.48
16.54
16.79
18.29
17.59
10.46
16.79
16.51
90
11.67
Gross margin%
24.87
27.09
27.16
29.18
31.99
32.21
32.51
29.88
32.52
29.97
12.87
32.21
29.93
53
18.26
Operating margin%
15.80
17.44
16.38
17.74
17.32
16.21
16.90
16.41
15.94
15.59
22.39
16.21
16.40
40
4.01
Net margin%
19.95
18.94
20.69
20.77
18.90
16.50
15.96
15.70
13.29
14.24
11.29
15.70
17.70
45
13.87
P/E ratio (avg)x
7.101
7.647
6.937
7.311
6.946
6.627
6.777
6.352
5.749
5.132
37.69
6.352
6.857
77
27.55
EV/EBITx
9.953
10.92
9.496
9.132
9.063
9.680
8.443
7.532
8.113
8.353
6.987
8.353
9.097
60
4.37
FCF yield (avg)%
17.49
15.08
15.77
17.34
15.67
18.34
17.92
18.36
19.00
19.59
29.14
18.36
17.70
36
27.26
FCF margin%
17.35
18.56
15.80
16.67
17.80
16.45
13.77
15.09
16.21
16.12
22.78
16.12
16.33
36
0.816
FCF / Net incomex
1.343
1.382
1.269
1.149
1.071
1.034
1.137
1.148
1.097
1.086
1.054
1.097
1.143
67
25.19
ROIC%
3.52
5.97
6.05
6.08
8.14
5.45
3.74
3.62
2.69
1.64
14.27
3.62
4.59
34
26.86
Return on equity%
8.73
6.38
6.23
6.96
5.10
3.69
2.47
3.57
2.79
5.02
12.29
3.57
5.06
63
19.07
Return on assets%
8.67
11.26
11.29
9.22
7.98
9.10
6.60
9.58
7.05
4.54
14.92
7.05
8.88
15
5.97
EPSE£
10.62
10.39
10.50
12.14
11.59
11.88
13.07
12.87
14.18
13.89
6.65
3.68%
2.70%
—
22.14
EPS growth%
5.19
6.02
6.11
7.49
6.10
3.25
0.40
0.40
0.92
2.21
3.44
0.92
4.22
83
9.77
Bookvalue per shE£
11.45
13.24
15.01
17.19
19.99
21.28
21.55
25.18
28.80
28.06
4.81
7.02%
9.91%
—
3.79
FCF per shareE£
5.74
6.39
6.83
6.54
7.32
8.07
8.97
8.54
8.05
8.99
11.85
4.20%
5.73%
—
9.65
Dividend per shE£
7.22
6.79
7.75
8.37
8.26
8.13
8.77
9.58
10.96
11.27
7.21
6.40%
4.55%
—
4.55
Div yield (avg)%
26.55
26.38
26.23
25.46
23.50
24.72
22.11
22.50
21.68
19.45
20.85
22.11
24.11
90
6.03
Payout ratio%
28.05
26.24
25.68
28.42
30.78
31.27
34.18
31.84
28.88
28.00
13.72
31.27
28.65
46
213.7
Shares (diluted)M
387.5
417.2
463.0
456.1
446.0
489.7
562.6
545.6
544.6
578.7
216.8
5.35%
5.56%
57
6.13
Buyback yield%
11.97
10.36
11.53
12.47
13.08
15.29
14.12
13.70
14.72
16.13
8.87
14.72
13.39
20
0.300
D/E ratiox
1.165
1.346
1.583
1.760
1.888
1.821
2.130
2.199
2.188
2.430
1.291
2.188
1.854
31
3.403
Enterprise valueE£B
5.501
6.362
6.386
6.981
7.060
7.381
7.500
8.344
8.212
8.965
0.364
4.89%
6.28%
53
2.048
LT debtE£B
5.403
6.379
7.324
8.438
8.476
8.900
10.39
11.55
11.36
11.86
4.145
6.95%
7.93%
46
Revenue
E£4.301B
5.20%
1.00×
Cost of revenue
E£2.360B
5.35%
1.01×
Operating expenses
E£485.0M
3.82%
0.88×
Spread over hurdle
(13.63%)