1.513
RevenueE£B
1.946
2.028
2.096
2.222
2.343
2.445
2.599
2.693
2.842
3.000
1.589
5.07%
4.85%
84
12.47
Revenue growth%
29.07
28.47
30.20
27.29
28.94
28.76
31.63
32.40
33.01
35.51
10.93
32.40
29.63
71
17.89
Gross margin%
6.94
7.92
5.16
2.57
0.40
0.40
1.49
0.99
3.06
2.17
27.88
1.49
2.37
11
9.85
Operating margin%
15.54
16.01
17.20
17.59
15.27
13.73
16.09
17.11
19.72
17.18
22.34
17.11
16.60
69
26.97
Net margin%
8.00
5.72
3.11
3.53
3.97
5.52
6.12
6.36
8.68
7.09
26.43
6.36
5.92
18
22.72
P/E ratio (avg)x
23.47
25.03
21.88
23.05
21.66
23.33
23.54
23.99
23.75
21.02
17.14
23.54
23.40
6
26.11
EV/EBITx
22.68
21.49
21.97
21.97
18.84
18.57
15.93
16.38
15.02
13.49
15.33
15.93
18.71
94
15.14
FCF yield (avg)%
10.09
10.91
10.17
8.69
8.86
6.79
7.93
9.38
10.68
10.55
25.16
9.38
9.73
29
17.93
FCF margin%
13.13
11.27
12.86
11.14
13.57
13.34
11.47
13.02
14.46
16.45
26.04
13.34
13.08
32
1.726
FCF / Net incomex
0.478
0.501
0.544
0.568
0.574
0.553
0.600
0.597
0.560
0.613
0.358
0.597
0.564
68
24.52
ROIC%
14.62
12.64
14.14
13.35
13.27
14.74
16.22
15.48
13.67
15.02
26.34
15.02
14.38
72
19.02
Return on equity%
8.70
7.28
5.73
8.34
10.74
12.94
11.14
10.51
11.75
12.97
9.62
11.75
10.62
45
18.55
Return on assets%
9.23
7.45
4.51
7.48
8.06
11.03
12.99
13.12
11.51
10.78
13.31
11.51
10.01
38
2.07
EPSE£
1.04
1.09
1.09
1.13
1.21
1.06
1.12
1.05
0.90
0.85
2.29
(6.84%)
(3.20%)
—
19.49
EPS growth%
29.93
30.44
27.70
28.39
26.44
27.77
30.41
30.85
32.33
32.98
19.20
30.85
30.17
64
1.21
Bookvalue per shE£
2.12
2.15
2.17
2.40
2.62
2.66
2.96
3.18
3.18
3.67
0.40
6.96%
5.60%
—
1.10
FCF per shareE£
2.32
2.60
2.53
2.76
2.64
2.67
3.02
3.47
4.08
4.57
0.55
11.56%
7.50%
—
1.52
Dividend per shE£
2.71
2.95
3.51
3.49
3.47
3.99
4.35
4.44
4.68
4.73
1.26
6.41%
6.35%
—
22.99
Div yield (avg)%
26.48
23.61
22.82
23.41
25.49
27.62
25.44
22.56
22.73
25.16
19.42
25.16
24.38
83
16.01
Payout ratio%
25.43
23.83
25.65
27.95
30.00
28.30
25.48
22.54
22.10
22.43
27.51
22.54
25.45
75
388.7
Shares (diluted)M
371.7
339.3
316.4
284.6
291.8
257.1
274.0
289.9
313.5
299.4
405.3
0.52%
(2.92%)
79
25.13
Buyback yield%
11.61
10.96
9.31
9.09
11.26
10.26
9.51
10.63
9.33
12.28
26.43
10.26
10.44
46
1.552
D/E ratiox
0.463
0.460
0.493
0.442
0.459
0.477
0.438
0.418
0.439
0.474
0.298
0.439
0.460
9
0.268
Enterprise valueE£B
4.185
4.303
5.048
6.029
6.799
7.700
8.963
10.17
10.26
11.87
2.033
11.79%
12.07%
91
1.948
LT debtE£B
2.801
2.967
3.276
3.199
3.010
2.808
2.964
2.876
2.890
3.169
2.478
1.03%
1.87%
55
Revenue
E£3.000B
4.85%
1.00×
Cost of revenue
E£2.100B
4.85%
1.00×
Operating expenses
E£589.6M
4.12%
0.93×
Property and equipment
18.14%
Spread over hurdle
12.42%