45.25
RevenueE£M
127.5
134.4
140.6
145.2
151.5
154.7
161.9
169.9
180.1
188.3
49.59
4.45%
4.48%
75
19.09
Revenue growth%
27.49
27.91
28.35
30.67
31.94
30.65
30.37
32.63
33.41
33.23
24.03
32.63
30.66
62
6.64
Gross margin%
22.43
24.26
23.86
22.14
20.24
18.46
17.88
15.20
15.50
13.86
5.25
15.50
19.35
81
12.18
Operating margin%
30.14
28.75
27.46
28.53
25.72
26.63
23.71
21.63
20.13
20.64
14.33
21.63
26.17
16
2.28
Net margin%
7.88
6.13
6.32
6.88
5.11
7.44
10.40
12.55
11.05
9.26
17.14
10.40
7.66
15
30.43
P/E ratio (avg)x
47.61
50.48
44.91
46.31
46.03
48.70
43.38
39.14
42.87
42.89
6.955
42.89
45.47
14
30.70
EV/EBITx
28.51
30.98
34.28
38.14
38.76
38.53
43.58
43.77
43.35
43.71
10.77
43.58
38.64
55
20.37
FCF yield (avg)%
28.07
25.51
28.26
30.81
28.21
30.80
31.92
32.85
31.92
31.21
13.66
31.92
30.81
12
27.84
FCF margin%
26.51
24.31
23.66
23.57
23.06
21.44
18.63
21.22
19.65
17.97
10.60
19.65
22.25
33
1.324
FCF / Net incomex
1.384
1.267
1.287
1.136
1.065
1.109
1.076
1.137
1.156
1.272
0.261
1.137
1.146
28
23.32
ROIC%
23.87
25.14
24.35
22.20
24.73
22.71
21.27
23.04
22.52
23.66
29.77
22.71
23.35
13
9.18
Return on equity%
15.22
16.66
14.73
15.13
12.47
11.36
10.42
10.65
12.72
10.39
26.88
10.65
12.60
77
29.32
Return on assets%
7.35
9.30
10.65
8.72
10.93
11.85
13.36
10.47
10.88
9.11
19.63
10.88
10.56
62
0.05
EPSE£
0.11
0.11
0.10
0.09
0.09
0.08
0.09
0.09
0.09
0.08
0.06
(0.94%)
(2.30%)
—
16.01
EPS growth%
3.04
2.68
1.16
2.22
0.40
0.40
0.40
2.52
3.41
4.86
27.08
2.52
2.37
70
0.04
Bookvalue per shE£
0.19
0.20
0.21
0.25
0.29
0.32
0.34
0.33
0.32
0.34
0.02
3.52%
5.81%
—
0.06
FCF per shareE£
0.08
0.09
0.10
0.11
0.11
0.12
0.11
0.11
0.12
0.13
0.04
3.50%
4.21%
—
0.13
Dividend per shE£
0.07
0.07
0.08
0.09
0.09
0.10
0.11
0.11
0.11
0.12
0.13
5.62%
6.95%
—
5.15
Div yield (avg)%
7.47
8.49
7.40
6.69
5.57
6.32
7.31
6.87
5.87
7.00
14.35
6.87
6.94
53
10.80
Payout ratio%
25.38
22.86
20.65
21.32
20.89
18.39
16.59
18.59
15.98
13.80
8.36
16.59
19.62
76
620.5
Shares (diluted)M
599.2
633.6
613.8
660.9
626.3
565.1
547.5
541.5
574.8
539.8
624.7
(2.93%)
(1.49%)
60
6.08
Buyback yield%
23.38
20.46
22.91
21.10
22.86
21.78
22.99
20.26
19.34
16.42
19.19
20.26
21.44
16
0.420
D/E ratiox
1.833
1.866
2.043
2.152
1.877
1.799
1.938
2.103
2.056
2.066
1.581
2.056
1.991
63
116.1
Enterprise valueE£M
189.2
223.8
216.5
238.8
261.2
299.7
305.4
323.5
335.9
374.3
206.0
7.46%
7.33%
35
154.1
LT debtE£M
55.32
51.83
52.57
51.47
53.28
53.20
53.91
48.82
46.06
47.79
105.2
(2.15%)
(2.49%)
77
Revenue
E£188.3M
4.48%
1.00×
Cost of revenue
E£112.3M
4.24%
0.98×
Operating expenses
E£46.43M
4.30%
0.98×
Spread over hurdle
(15.46%)