371.0
RevenueE£M
243.7
259.3
268.9
280.9
290.2
303.4
322.6
339.2
363.0
377.2
408.1
5.38%
5.20%
78
13.18
Revenue growth%
2.71
0.40
0.40
2.44
2.72
2.34
0.40
0.40
0.40
0.40
5.08
0.40
0.40
52
5.15
Gross margin%
7.06
5.16
4.75
2.16
1.84
3.98
2.89
3.42
4.49
6.39
15.51
3.98
4.24
83
14.30
Operating margin%
8.32
7.40
8.63
5.76
8.56
8.63
7.13
4.54
6.00
5.10
29.56
6.00
7.26
84
21.38
Net margin%
16.28
17.13
16.02
14.70
12.23
14.33
16.48
17.41
18.39
18.24
9.65
17.41
16.38
73
30.59
P/E ratio (avg)x
16.04
17.30
20.00
19.62
23.78
27.19
30.41
32.28
32.86
36.86
24.26
32.28
25.49
95
14.33
EV/EBITx
35.16
32.01
32.19
36.34
32.67
32.84
31.27
32.69
36.07
33.04
15.65
32.84
32.76
46
14.11
FCF yield (avg)%
6.75
4.91
5.53
6.88
7.49
4.81
2.59
3.38
3.63
2.70
19.56
3.38
4.86
56
25.10
FCF margin%
24.72
26.49
28.65
30.89
30.20
29.82
31.10
28.68
30.28
32.06
11.26
30.28
30.01
31
0.648
FCF / Net incomex
0.131
0.121
0.119
0.125
0.124
0.127
0.122
0.129
0.139
0.148
1.510
0.129
0.126
63
18.52
ROIC%
2.10
0.40
1.61
1.79
1.04
0.82
2.46
5.03
6.94
9.82
29.86
5.03
1.94
39
15.90
Return on equity%
3.21
4.61
1.68
3.51
4.12
6.25
8.43
9.90
10.14
11.69
25.78
9.90
5.43
43
25.08
Return on assets%
22.56
19.70
17.63
16.53
15.91
16.78
17.69
15.36
14.81
14.45
11.22
15.36
16.65
38
31.80
EPSE£
50.88
49.98
51.80
50.51
60.80
65.35
66.46
77.60
88.62
85.73
33.67
7.12%
5.58%
—
26.44
EPS growth%
20.19
21.05
21.78
24.41
25.94
25.99
25.05
24.84
24.93
26.80
5.69
25.05
24.88
39
55.78
Bookvalue per shE£
36.50
35.94
42.39
42.12
40.75
42.43
46.02
46.57
52.21
54.60
15.87
6.02%
5.80%
—
40.90
FCF per shareE£
29.68
31.03
33.38
38.15
36.55
36.28
36.71
36.50
38.75
41.92
72.10
2.78%
3.82%
—
77.91
Dividend per shE£
55.06
57.02
52.72
60.49
55.52
57.47
54.86
56.78
58.16
63.88
49.00
2.85%
1.37%
—
4.98
Div yield (avg)%
11.38
12.36
12.38
9.55
7.26
5.73
8.67
7.80
4.92
3.28
27.61
5.73
8.23
32
22.13
Payout ratio%
4.85
6.97
8.16
10.76
10.30
8.09
10.01
8.42
11.07
8.92
8.04
8.92
8.67
85
6.036
Shares (diluted)M
8.713
10.51
11.02
12.08
12.62
13.09
15.42
15.04
17.46
18.89
6.037
8.39%
9.89%
47
28.91
Buyback yield%
19.35
21.69
21.58
19.95
17.80
20.07
22.66
22.00
20.52
20.20
17.51
20.52
20.36
89
1.363
D/E ratiox
0.504
0.564
0.614
0.686
0.738
0.819
0.819
0.864
0.852
0.936
0.906
0.852
0.779
81
96.90
Enterprise valueE£M
308.6
315.8
287.9
261.8
249.8
256.5
279.8
290.7
269.7
246.3
369.3
(0.28%)
(2.05%)
74
0.019
LT debtE£B
0.525
0.624
0.664
0.709
0.741
0.866
0.937
1.012
1.115
1.344
0.097
12.63%
10.57%
90
Revenue
E£377.2M
5.20%
1.00×
Cost of revenue
E£232.9M
4.87%
0.97×
Operating expenses
E£91.66M
5.48%
1.03×
Cash and investments
16.49%
Spread over hurdle
(0.34%)