110.1
RevenueE£M
469.4
495.9
524.9
574.3
627.3
659.3
716.9
757.9
795.6
866.0
122.4
6.66%
6.98%
22
16.79
Revenue growth%
16.15
18.94
17.09
16.63
15.73
16.95
18.84
17.66
20.48
17.60
11.15
17.66
17.34
19
25.35
Gross margin%
25.47
25.49
24.46
24.08
23.66
21.28
19.57
20.22
17.63
16.60
29.31
19.57
22.47
6
4.60
Operating margin%
10.35
11.80
9.58
9.24
6.91
5.30
2.72
5.44
5.25
7.05
22.22
5.30
6.98
69
20.83
Net margin%
23.00
20.37
17.57
16.14
17.04
17.16
20.00
17.67
19.68
20.47
20.47
19.68
18.68
66
25.56
P/E ratio (avg)x
40.26
45.05
51.28
49.90
55.85
52.43
48.82
48.26
47.60
53.17
13.66
48.82
49.36
73
10.25
EV/EBITx
15.29
15.82
15.86
18.11
19.02
21.27
22.23
23.04
25.95
26.89
34.13
23.04
20.14
52
9.99
FCF yield (avg)%
12.80
15.26
13.76
11.74
10.33
7.39
5.22
2.36
5.14
5.41
29.87
5.22
8.86
68
24.53
FCF margin%
26.65
25.06
25.70
24.70
22.89
21.72
24.32
26.91
27.57
28.81
24.85
26.91
25.38
75
0.133
FCF / Net incomex
0.744
0.790
0.711
0.753
0.657
0.658
0.629
0.566
0.486
0.469
0.484
0.566
0.658
45
8.55
ROIC%
6.78
8.95
6.98
4.08
1.90
0.40
1.60
2.30
3.27
3.85
5.66
2.30
3.56
14
16.08
Return on equity%
24.05
26.97
27.73
27.00
26.38
23.49
21.31
21.24
23.03
22.20
14.99
22.20
23.77
9
13.82
Return on assets%
32.25
30.49
32.93
30.00
31.55
33.75
32.21
30.35
29.70
29.48
13.06
30.35
31.02
88
1.72
EPSE£
0.58
0.54
0.55
0.47
0.43
0.40
0.36
0.31
0.29
0.30
1.78
(6.64%)
(7.00%)
—
9.62
EPS growth%
19.51
20.68
23.12
20.66
18.12
20.26
18.84
20.55
23.26
26.22
15.10
20.55
20.60
11
1.53
Bookvalue per shE£
0.40
0.44
0.38
0.37
0.39
0.34
0.33
0.31
0.34
0.37
0.63
(1.39%)
0.15%
—
1.96
FCF per shareE£
2.73
3.10
3.37
3.15
3.14
3.26
3.79
4.25
4.18
4.87
2.24
9.19%
7.25%
—
1.32
Dividend per shE£
1.91
1.87
2.11
2.22
2.67
2.70
3.05
3.36
3.60
3.70
2.12
6.70%
8.28%
—
10.65
Div yield (avg)%
18.98
20.40
18.98
19.63
19.48
22.15
22.36
23.40
25.74
24.02
9.05
23.40
21.27
53
24.91
Payout ratio%
23.18
23.70
22.35
22.46
24.60
25.14
24.87
27.34
27.39
30.15
9.95
27.34
24.73
28
280.2
Shares (diluted)M
488.5
497.6
548.4
535.2
592.3
650.4
642.5
650.6
633.0
643.1
279.8
1.66%
3.92%
12
26.10
Buyback yield%
15.51
16.25
13.81
15.28
17.15
17.60
17.04
17.28
17.37
15.91
3.23
17.28
16.65
67
1.509
D/E ratiox
0.836
0.880
0.901
0.980
1.060
1.016
1.107
1.054
1.181
1.203
0.513
1.107
1.035
72
0.535
Enterprise valueE£B
0.884
0.967
1.053
1.199
1.192
1.369
1.432
1.492
1.585
1.532
0.818
5.15%
6.47%
43
99.14
LT debtE£M
209.5
214.3
224.2
224.8
198.6
208.5
227.0
229.0
253.8
225.8
641.5
2.60%
(0.41%)
89
Revenue
E£866.0M
6.98%
1.00×
Cost of revenue
E£511.7M
7.05%
1.01×
Operating expenses
E£168.5M
6.80%
0.98×
Cash and investments
19.31%
Goodwill & intangibles
13.55%
Spread over hurdle
27.02%