340.4
RevenueE£M
315.4
315.9
328.7
343.8
357.3
371.9
384.5
384.6
401.0
406.1
363.7
2.60%
2.72%
52
9.36
Revenue growth%
7.51
6.82
4.91
3.66
1.15
0.63
0.40
0.40
0.94
3.68
12.31
0.63
2.40
43
15.76
Gross margin%
34.44
36.45
39.18
39.37
42.26
41.56
42.26
41.45
42.05
43.22
6.86
42.05
41.50
7
25.98
Operating margin%
20.83
21.17
18.71
20.27
22.34
22.64
22.79
25.59
24.37
25.85
5.26
24.37
22.49
67
3.34
Net margin%
12.10
14.45
15.91
18.15
15.97
13.87
12.55
11.61
10.32
8.48
13.92
11.61
13.21
13
24.57
P/E ratio (avg)x
12.27
10.88
11.74
12.06
11.04
12.23
13.64
12.48
13.80
12.58
35.28
12.58
12.25
63
22.83
EV/EBITx
6.033
6.338
6.582
7.291
7.022
6.244
6.260
6.060
6.580
5.841
9.781
6.244
6.299
85
16.17
FCF yield (avg)%
5.88
5.67
4.75
4.10
2.86
4.47
3.10
5.71
4.78
2.45
11.05
4.47
4.61
70
17.53
FCF margin%
17.75
14.86
12.75
11.22
11.99
11.43
12.01
13.59
10.61
9.72
24.71
11.43
12.00
66
1.238
FCF / Net incomex
0.981
0.960
0.983
0.991
1.072
0.971
0.834
0.853
0.888
0.919
0.685
0.888
0.966
21
12.03
ROIC%
29.77
30.69
28.29
30.33
29.08
28.24
27.33
25.67
24.88
23.11
21.64
25.67
28.27
38
11.55
Return on equity%
12.21
9.51
12.04
11.16
13.99
16.46
15.88
14.85
14.59
16.13
24.64
15.88
14.29
35
3.29
Return on assets%
24.78
24.59
26.42
23.67
23.94
21.37
20.23
19.11
16.49
18.26
25.36
19.11
22.52
20
0.84
EPSE£
2.09
2.36
2.62
2.91
3.43
4.01
4.55
5.05
5.01
5.16
0.90
8.53%
11.15%
—
5.92
EPS growth%
16.59
19.23
16.98
17.76
19.86
22.60
21.94
23.63
25.50
22.88
2.99
22.88
20.90
58
0.29
Bookvalue per shE£
0.83
0.82
0.89
0.81
0.79
0.83
0.79
0.81
0.84
0.81
1.26
0.46%
(1.04%)
—
1.69
FCF per shareE£
1.38
1.52
1.51
1.73
1.59
1.76
2.03
1.97
2.12
2.11
1.49
5.89%
4.47%
—
0.50
Dividend per shE£
2.52
2.56
2.64
2.89
2.85
2.85
3.44
3.78
3.71
4.51
1.29
9.64%
7.58%
—
5.48
Div yield (avg)%
23.68
21.88
21.07
23.24
23.52
25.73
25.28
25.85
26.86
27.82
29.68
25.85
24.48
35
3.88
Payout ratio%
12.89
12.44
11.74
11.98
11.72
11.38
12.83
13.83
15.38
18.07
15.33
13.83
12.64
18
228.7
Shares (diluted)M
250.1
267.1
264.6
276.4
265.9
228.5
194.8
192.7
171.8
172.0
226.5
(8.35%)
(4.54%)
26
22.57
Buyback yield%
19.42
20.22
22.39
24.60
23.87
22.99
20.09
20.08
20.54
17.96
29.83
20.09
20.38
10
0.623
D/E ratiox
2.161
2.449
2.877
3.072
3.206
3.831
4.010
4.480
4.667
5.155
1.325
4.480
3.519
78
385.7
Enterprise valueE£M
473.7
498.7
489.6
461.6
440.0
434.4
449.1
498.1
537.7
565.8
289.9
5.16%
1.65%
50
225.7
LT debtE£M
232.0
230.3
217.9
205.4
220.9
236.1
232.3
256.3
256.0
286.5
165.8
5.34%
1.71%
38
Revenue
E£406.1M
2.72%
1.00×
Cost of revenue
E£252.7M
2.71%
1.00×
Operating expenses
E£73.73M
2.92%
1.02×
Cash and investments
17.60%
Spread over hurdle
(5.45%)