59.11
RevenueE£M
117.9
128.7
140.6
149.3
163.2
171.7
188.6
202.4
215.1
227.3
66.04
6.85%
7.60%
15
22.34
Revenue growth%
31.47
31.05
33.17
31.24
28.80
29.74
28.85
29.37
28.17
28.89
5.29
28.89
29.55
67
15.07
Gross margin%
18.08
16.48
14.18
16.87
16.86
19.22
21.13
19.45
17.25
18.96
29.47
19.22
17.66
47
20.01
Operating margin%
10.10
7.40
4.68
4.79
2.03
0.40
2.32
0.40
2.62
4.27
2.49
2.32
3.45
38
19.30
Net margin%
7.04
8.05
9.22
8.12
6.24
7.98
8.27
5.42
8.14
7.76
16.28
7.98
8.01
48
30.44
P/E ratio (avg)x
47.11
48.16
47.58
48.96
53.50
57.84
63.32
76.03
77.41
84.73
32.79
76.03
55.67
27
34.35
EV/EBITx
21.01
21.00
18.80
16.85
17.47
16.34
17.02
17.06
15.79
13.49
8.379
16.34
17.04
87
19.87
FCF yield (avg)%
12.15
9.32
11.04
8.16
6.90
5.67
5.64
8.15
5.96
5.77
21.52
5.77
7.53
77
25.42
FCF margin%
22.60
25.09
26.83
29.29
28.34
29.95
27.62
28.73
26.78
24.52
26.39
27.62
27.23
54
0.899
FCF / Net incomex
0.786
0.839
0.817
0.745
0.633
0.668
0.678
0.664
0.680
0.603
0.523
0.668
0.679
37
23.54
ROIC%
24.52
22.69
23.61
21.60
22.59
23.93
24.90
22.28
21.23
21.68
11.74
22.28
22.64
51
22.34
Return on equity%
26.47
29.23
27.90
29.56
27.94
25.53
23.65
23.07
23.60
22.25
26.63
23.60
26.00
6
16.50
Return on assets%
31.32
32.38
35.28
38.24
41.23
42.01
44.93
42.26
41.60
40.28
23.84
42.01
40.75
82
0.11
EPSE£
0.21
0.22
0.25
0.26
0.29
0.30
0.34
0.38
0.45
0.49
0.12
11.48%
9.62%
—
22.21
EPS growth%
10.38
12.54
11.43
8.48
10.39
12.89
15.61
13.51
11.27
13.24
8.52
13.24
11.98
18
0.14
Bookvalue per shE£
0.25
0.25
0.28
0.29
0.28
0.28
0.31
0.36
0.36
0.42
0.10
8.15%
5.48%
—
0.04
FCF per shareE£
0.17
0.16
0.15
0.17
0.14
0.12
0.11
0.10
0.10
0.09
0.08
(8.01%)
(6.89%)
—
0.21
Dividend per shE£
0.19
0.20
0.20
0.23
0.26
0.30
0.35
0.37
0.41
0.43
0.05
10.37%
8.41%
—
18.85
Div yield (avg)%
9.80
7.21
9.52
9.41
9.84
12.22
11.50
13.69
10.73
9.84
11.59
11.50
9.84
60
25.38
Payout ratio%
0.40
0.48
2.63
2.50
0.40
0.40
0.43
1.94
0.78
3.26
21.93
0.78
0.63
79
530.6
Shares (diluted)M
755.5
806.3
761.7
755.4
741.4
734.3
750.5
850.3
941.6
853.5
538.3
2.86%
2.36%
70
5.53
Buyback yield%
2.45
0.40
0.40
0.40
0.40
0.40
0.40
0.40
3.24
4.83
10.07
0.40
0.40
73
0.773
D/E ratiox
2.955
3.118
3.442
4.050
4.426
5.188
5.665
6.227
7.048
6.982
0.561
6.227
4.807
31
97.06
Enterprise valueE£M
25.89
27.87
31.96
33.51
36.38
40.46
47.03
49.83
47.99
56.20
181.6
9.09%
8.52%
79
141.7
LT debtE£M
45.66
51.21
45.72
43.98
45.96
47.72
42.80
46.32
47.95
53.08
101.1
2.92%
1.60%
6
Revenue
E£227.3M
7.60%
1.00×
Cost of revenue
E£145.6M
7.60%
1.00×
Operating expenses
E£30.37M
6.80%
0.93×
Cash and investments
17.12%
Spread over hurdle
(7.61%)