1.260
RevenueE£B
1.681
1.782
1.877
2.014
2.088
2.210
2.384
2.476
2.558
1.360
1.544
4.90%
5.44%
36
16.10
Revenue growth%
21.20
23.40
24.73
23.47
26.32
28.22
27.29
25.02
23.19
11.64
23.24
26.32
24.10
88
7.34
Gross margin%
25.98
26.42
25.94
24.76
26.80
24.20
25.79
26.67
24.64
11.41
17.83
25.79
25.87
7
24.32
Operating margin%
21.54
19.00
19.95
21.93
20.26
20.82
19.61
22.39
22.24
6.66
14.39
20.82
21.18
51
10.55
Net margin%
14.48
12.84
14.93
17.60
15.05
16.51
18.09
20.87
19.08
2.37
29.07
18.09
15.78
19
6.507
P/E ratio (avg)x
15.71
16.75
18.13
16.70
16.26
14.25
13.15
13.04
13.73
15.00
15.98
13.73
15.92
91
31.55
EV/EBITx
21.92
24.64
27.38
31.18
34.65
37.99
39.47
42.77
49.34
12.39
7.018
39.47
32.91
94
2.49
FCF yield (avg)%
11.98
11.40
12.41
12.52
13.73
12.03
9.03
7.51
9.92
21.34
11.91
9.92
11.69
12
23.18
FCF margin%
4.33
2.26
0.40
0.61
0.40
2.15
0.40
0.40
0.40
22.25
20.46
0.40
0.51
28
0.974
FCF / Net incomex
0.991
0.959
0.999
0.968
1.053
1.099
1.053
1.203
1.392
1.740
0.957
1.099
1.026
94
13.83
ROIC%
18.15
20.49
22.50
20.30
17.95
15.69
16.02
16.16
18.73
2.73
8.25
16.16
18.05
31
3.08
Return on equity%
12.25
13.83
12.26
10.43
8.08
7.68
4.97
4.42
3.35
15.10
29.75
4.97
9.25
50
20.06
Return on assets%
4.82
6.09
3.99
1.84
2.87
5.65
3.96
3.81
1.01
19.07
3.81
3.81
3.88
25
2.40
EPSE£
3.07
3.00
2.63
2.68
2.59
2.56
2.60
2.86
3.13
2.65
2.71
3.14%
0.81%
—
21.68
EPS growth%
21.96
24.31
26.46
25.95
28.77
31.34
32.89
30.09
27.21
26.96
6.85
30.09
26.84
95
3.80
Bookvalue per shE£
3.53
3.57
3.55
3.74
3.80
3.41
3.83
3.88
3.86
1.42
4.56
0.67%
1.66%
—
7.06
FCF per shareE£
4.45
4.59
4.38
4.73
4.25
4.33
4.04
4.37
4.50
5.54
4.15
(0.96%)
(0.74%)
—
3.42
Dividend per shE£
8.64
8.29
8.11
7.94
8.45
9.77
10.88
10.65
10.40
3.57
3.97
5.53%
3.78%
—
5.77
Div yield (avg)%
9.93
11.76
12.51
10.49
8.07
8.21
9.70
10.43
10.76
13.59
25.13
9.70
10.46
48
5.81
Payout ratio%
8.68
8.42
6.08
6.63
5.33
4.75
2.52
4.60
5.35
13.47
25.28
4.75
5.71
85
107.1
Shares (diluted)M
96.55
83.79
84.64
76.63
69.77
62.35
67.72
66.66
72.88
112.8
108.3
(1.00%)
(2.83%)
39
28.48
Buyback yield%
5.73
3.74
3.07
2.59
3.06
2.60
1.14
1.83
2.75
9.18
9.80
2.60
2.90
88
0.926
D/E ratiox
0.424
0.424
0.404
0.413
0.450
0.421
0.456
0.431
0.401
0.903
0.248
0.431
0.423
58
1,081
Enterprise valueE£M
429.4
415.4
465.8
518.7
578.4
549.8
620.8
649.6
662.9
677.8
931.0
5.03%
5.07%
77
1.773
LT debtE£B
2.692
2.690
2.836
3.137
3.501
3.673
3.927
4.699
4.826
1.752
1.781
9.00%
7.45%
13
Revenue
E£2.558B
5.44%
1.00×
Cost of revenue
E£1.528B
5.16%
0.97×
Operating expenses
E£286.7M
6.72%
1.13×
Property and equipment
18.28%
Goodwill & intangibles
17.00%
Spread over hurdle
(9.33%)