340.5
RevenueE£M
313.5
323.3
324.8
328.0
333.0
349.0
366.5
370.7
383.6
394.6
367.5
3.46%
2.58%
16
29.89
Revenue growth%
28.05
25.76
25.46
24.42
23.20
22.21
19.59
20.34
17.96
20.39
8.95
20.34
22.71
75
18.88
Gross margin%
15.28
15.36
14.97
13.60
14.10
13.78
13.44
11.59
8.75
10.48
14.03
11.59
13.69
31
11.64
Operating margin%
21.94
20.02
18.98
20.16
21.23
20.72
21.73
24.32
22.59
20.73
7.51
21.73
20.98
67
10.96
Net margin%
22.16
23.69
21.78
21.22
20.62
18.08
18.78
20.85
19.18
16.40
24.35
18.78
20.74
94
10.36
P/E ratio (avg)x
12.02
12.77
13.89
14.86
14.40
14.18
14.24
13.06
14.12
14.05
16.37
14.12
14.09
52
11.75
EV/EBITx
15.17
15.67
14.58
14.48
13.74
12.90
14.88
14.18
16.30
18.23
36.94
14.88
14.73
45
18.12
FCF yield (avg)%
30.41
31.88
29.79
31.37
32.26
31.85
32.20
34.65
31.85
30.13
23.13
31.85
31.85
15
15.42
FCF margin%
22.62
19.77
19.23
17.66
15.89
18.00
17.53
18.20
19.66
16.82
11.94
18.00
18.10
82
0.705
FCF / Net incomex
1.636
1.760
1.716
1.728
1.795
1.995
2.009
2.057
2.382
2.286
0.204
2.057
1.895
26
2.06
ROIC%
17.03
19.73
16.77
16.40
13.72
14.58
14.09
13.45
15.29
12.96
16.62
14.09
14.93
55
14.63
Return on equity%
11.45
13.44
10.59
7.84
8.20
5.31
4.65
3.45
4.45
6.35
8.68
4.65
7.10
65
7.06
Return on assets%
14.09
12.92
10.43
12.29
9.36
10.73
13.08
11.79
11.22
9.40
21.34
11.22
11.50
17
19.15
EPSE£
14.76
15.57
15.89
14.59
13.78
15.47
15.58
14.17
14.21
13.87
20.33
0.13%
0.40%
—
24.06
EPS growth%
22.64
19.74
16.88
17.22
14.72
15.55
16.99
17.40
16.61
14.95
22.27
16.61
16.93
17
20.48
Bookvalue per shE£
16.72
16.03
18.14
17.49
19.74
18.44
20.35
18.86
21.11
20.27
12.04
0.53%
2.13%
—
18.44
FCF per shareE£
2.97
3.10
2.73
2.79
2.81
3.02
3.21
2.96
3.18
3.30
12.20
3.32%
1.92%
—
22.72
Dividend per shE£
16.47
17.53
19.50
21.11
22.01
22.67
23.67
27.51
25.87
25.76
6.84
3.20%
5.26%
—
15.29
Div yield (avg)%
26.54
29.38
27.42
29.35
29.47
26.48
27.95
25.47
23.31
23.64
26.09
25.47
26.98
10
25.69
Payout ratio%
23.05
22.54
23.97
22.29
21.25
23.96
21.31
20.20
18.60
17.59
24.41
20.20
21.80
9
9.697
Shares (diluted)M
14.69
16.48
16.43
16.01
18.99
19.08
19.78
19.34
23.13
27.59
9.323
7.76%
6.47%
84
24.05
Buyback yield%
8.56
10.66
11.89
13.58
13.97
12.39
15.30
17.19
14.44
14.95
11.00
14.95
13.77
65
1.361
D/E ratiox
1.118
1.068
1.097
1.246
1.248
1.252
1.373
1.503
1.491
1.365
0.665
1.373
1.250
45
86.67
Enterprise valueE£M
319.3
325.2
313.6
338.5
335.3
296.4
288.4
268.9
284.8
275.0
346.9
(3.89%)
(2.32%)
49
297.4
LT debtE£M
192.6
203.7
196.3
182.3
188.0
185.1
178.6
178.9
182.6
203.5
107.4
1.60%
1.57%
55
Revenue
E£394.6M
2.58%
1.00×
Cost of revenue
E£201.6M
2.62%
1.00×
Operating expenses
E£84.87M
2.45%
0.99×
Cash and investments
14.35%
Spread over hurdle
(6.41%)