139.9
RevenueE£M
268.9
287.9
315.6
332.5
360.0
387.0
420.1
452.0
483.0
522.6
154.8
7.74%
7.50%
86
13.43
Revenue growth%
12.59
12.05
15.03
17.46
16.63
15.38
17.12
19.62
21.16
19.65
8.82
19.62
16.87
74
27.99
Gross margin%
0.40
0.40
0.40
0.40
3.34
2.86
3.89
4.60
2.08
1.87
5.62
2.86
1.97
18
22.33
Operating margin%
29.33
29.17
29.68
28.56
29.24
29.99
31.97
30.64
31.46
32.19
21.22
31.46
29.84
30
29.73
Net margin%
26.21
25.16
22.44
21.07
23.39
25.89
27.17
27.63
24.64
24.65
8.69
25.89
24.90
56
24.32
P/E ratio (avg)x
18.68
18.48
20.00
18.13
17.99
19.61
17.57
16.37
16.85
18.13
23.17
17.57
18.13
67
28.21
EV/EBITx
41.72
44.11
50.70
57.25
67.06
77.22
86.42
100.7
104.1
107.7
18.45
100.7
72.14
13
28.56
FCF yield (avg)%
8.26
10.29
8.13
6.25
4.48
4.85
5.71
5.42
6.34
3.87
4.24
5.42
5.98
44
2.25
FCF margin%
22.05
22.47
19.78
18.34
15.47
18.06
19.37
20.36
19.48
21.55
2.21
19.48
19.63
40
0.409
FCF / Net incomex
0.721
0.759
0.678
0.660
0.673
0.576
0.492
0.513
0.538
0.535
0.610
0.535
0.618
8
6.32
ROIC%
9.47
12.37
15.24
15.97
15.01
14.65
15.22
17.49
19.94
20.32
13.02
17.49
15.23
43
9.68
Return on equity%
31.87
30.87
31.98
34.48
32.24
29.51
29.26
28.38
26.12
23.74
19.66
28.38
30.19
84
24.33
Return on assets%
10.72
10.22
8.57
10.88
9.98
11.55
13.08
12.25
12.98
14.52
28.65
12.98
11.21
68
0.20
EPSE£
0.24
0.27
0.31
0.31
0.32
0.35
0.34
0.35
0.38
0.36
0.21
2.24%
4.45%
—
15.60
EPS growth%
15.85
17.86
19.27
18.84
20.11
20.04
22.82
22.92
21.76
24.49
27.43
22.82
20.07
28
0.11
Bookvalue per shE£
0.09
0.10
0.11
0.12
0.13
0.14
0.13
0.14
0.16
0.14
0.04
1.54%
5.30%
—
0.12
FCF per shareE£
0.24
0.26
0.29
0.31
0.32
0.34
0.36
0.39
0.40
0.37
0.15
2.93%
5.43%
—
0.17
Dividend per shE£
0.08
0.08
0.08
0.07
0.07
0.07
0.08
0.08
0.08
0.08
0.04
1.41%
(0.14%)
—
2.66
Div yield (avg)%
7.90
10.67
13.01
11.34
8.70
11.21
13.61
13.61
15.09
17.78
8.32
13.61
12.18
19
13.92
Payout ratio%
30.92
30.24
29.48
26.48
23.76
25.50
25.54
24.30
25.62
28.28
7.82
25.54
26.05
44
1.822
Shares (diluted)B
2.967
3.182
3.667
4.259
4.808
5.494
5.971
6.822
6.961
7.233
1.826
8.51%
10.44%
22
17.41
Buyback yield%
19.38
18.90
16.08
17.52
15.78
18.05
20.55
18.19
18.05
17.55
28.49
18.05
18.05
7
0.768
D/E ratiox
0.590
0.585
0.609
0.666
0.608
0.676
0.656
0.647
0.654
0.751
0.115
0.656
0.650
37
105.2
Enterprise valueE£M
264.3
269.7
266.3
270.2
301.1
285.7
333.2
391.7
450.2
525.6
150.5
11.78%
8.85%
51
456.7
LT debtE£M
166.7
171.2
166.2
144.6
141.6
145.0
125.3
123.6
122.0
131.2
349.2
(1.51%)
(2.27%)
22
Revenue
E£522.6M
7.50%
1.00×
Cost of revenue
E£297.8M
7.30%
0.98×
Operating expenses
E£75.32M
7.18%
0.97×
Goodwill & intangibles
16.84%
Cash and investments
15.68%
Spread over hurdle
(11.23%)