375.0
RevenueE£M
516.7
523.4
529.5
538.1
527.5
521.8
526.5
526.0
532.8
545.5
396.9
0.67%
0.77%
48
19.18
Revenue growth%
15.03
12.56
13.09
10.29
11.79
10.37
11.48
10.63
13.04
14.51
7.06
11.48
12.18
76
27.76
Gross margin%
25.46
27.26
28.21
25.89
24.74
26.52
26.57
27.16
29.97
31.99
21.94
27.16
26.86
28
18.36
Operating margin%
12.24
13.22
15.54
16.42
17.55
19.71
18.00
17.34
16.52
19.11
9.26
18.00
16.93
61
29.01
Net margin%
18.01
18.75
21.44
22.06
24.23
21.30
19.25
18.30
20.23
17.93
21.84
19.25
19.74
75
12.26
P/E ratio (avg)x
24.41
28.11
28.90
27.66
29.69
28.90
33.02
37.68
39.39
37.32
26.58
37.32
29.30
58
28.71
EV/EBITx
27.76
27.63
32.17
34.58
40.34
40.00
42.47
43.90
48.49
51.03
30.43
43.90
40.17
23
20.79
FCF yield (avg)%
11.79
13.94
14.65
17.50
18.14
17.83
18.34
16.94
16.49
18.50
15.76
17.83
17.22
87
21.77
FCF margin%
29.52
30.90
28.45
26.44
28.50
29.96
30.74
28.96
31.95
34.30
24.49
30.74
29.74
17
0.311
FCF / Net incomex
0.136
0.131
0.143
0.159
0.185
0.198
0.188
0.216
0.220
0.206
0.675
0.206
0.186
94
15.81
ROIC%
29.65
28.12
25.53
24.65
23.83
22.21
22.32
23.89
22.76
23.99
24.55
22.76
23.94
53
19.78
Return on equity%
5.29
3.27
0.61
2.14
0.40
1.52
4.24
6.97
9.00
7.71
5.13
6.97
3.75
24
9.56
Return on assets%
26.16
28.20
30.26
28.07
26.05
27.32
25.56
28.23
27.91
25.90
18.96
27.32
27.62
90
1.93
EPSE£
2.17
2.25
2.22
2.04
2.20
2.17
2.26
2.09
2.20
2.29
2.05
0.82%
1.95%
—
11.96
EPS growth%
28.67
29.11
27.32
26.12
27.17
29.13
29.64
31.39
33.52
34.02
13.59
31.39
29.12
60
1.37
Bookvalue per shE£
3.53
3.49
4.08
4.44
4.30
4.72
5.44
6.21
7.05
8.21
1.65
13.81%
10.48%
—
0.89
FCF per shareE£
1.13
1.21
1.16
1.23
1.31
1.55
1.54
1.49
1.59
1.62
0.70
4.27%
5.05%
—
3.12
Dividend per shE£
1.38
1.53
1.80
1.99
2.23
2.55
2.70
2.95
3.24
3.22
2.43
7.65%
9.26%
—
28.65
Div yield (avg)%
21.70
22.89
22.58
19.90
19.21
17.15
17.68
19.08
19.19
18.56
25.05
18.56
19.20
21
16.09
Payout ratio%
23.36
22.83
22.51
24.36
25.27
27.22
25.97
28.12
27.88
27.94
29.59
27.88
25.62
22
225.6
Shares (diluted)M
357.9
420.9
440.8
527.6
543.2
589.3
700.2
694.0
819.9
981.4
228.5
12.56%
11.00%
79
24.65
Buyback yield%
20.52
20.90
20.33
17.63
15.80
13.06
14.85
13.42
10.47
13.05
26.33
13.06
15.32
67
0.889
D/E ratiox
1.714
1.926
2.212
2.472
2.420
2.352
2.651
3.119
3.333
3.866
0.713
3.119
2.446
54
620.5
Enterprise valueE£M
235.2
251.9
242.2
222.6
231.2
243.4
251.1
263.9
246.7
244.2
609.6
1.10%
0.33%
94
0.259
LT debtE£B
0.550
0.556
0.666
0.722
0.805
0.837
0.940
1.094
1.092
1.079
0.102
6.03%
7.01%
44
Revenue
E£545.5M
0.77%
1.00×
Cost of revenue
E£307.5M
0.97%
1.02×
Operating expenses
E£63.57M
(0.27%)
0.90×
Cash and investments
14.28%
Spread over hurdle
(11.95%)