1.062
Revenue£M
1.867
1.911
1.957
2.026
2.078
2.106
2.187
2.258
2.349
2.382
1.092
2.77%
2.70%
40
26.23
Revenue growth%
24.91
27.21
25.05
26.41
25.95
24.99
24.35
22.67
20.53
22.06
29.50
22.67
24.95
73
26.50
Gross margin%
12.23
14.36
14.17
17.14
18.71
15.84
16.46
18.17
16.54
15.10
3.28
16.46
16.15
90
6.56
Operating margin%
19.36
20.46
21.79
21.19
21.42
19.89
22.62
22.84
20.85
21.30
2.00
21.30
21.24
72
22.00
Net margin%
3.48
5.03
2.83
1.07
0.40
1.26
0.40
1.43
0.40
1.78
10.47
1.26
1.34
45
16.04
P/E ratio (avg)x
17.52
15.86
14.56
15.08
14.92
14.73
16.09
16.88
18.63
19.66
10.34
16.88
15.97
78
28.78
EV/EBITx
37.74
40.91
38.13
37.03
41.06
44.81
46.17
41.56
46.89
44.05
30.90
44.81
41.31
72
26.12
FCF yield (avg)%
22.27
20.60
22.41
23.37
23.94
23.95
22.05
20.49
21.71
22.44
24.42
22.05
22.34
77
15.82
FCF margin%
0.40
0.40
0.40
2.45
0.40
0.40
2.70
1.82
4.47
4.80
29.64
2.70
1.11
58
0.924
FCF / Net incomex
1.140
1.195
1.102
0.960
0.823
0.720
0.752
0.736
0.803
0.738
0.740
0.738
0.813
34
11.88
ROIC%
20.96
22.30
20.12
22.98
23.45
25.50
23.76
21.07
23.93
25.14
8.86
23.93
23.21
8
7.77
Return on equity%
0.63
0.40
0.40
3.15
4.15
5.92
4.54
7.44
8.33
7.29
21.64
7.29
4.35
8
10.20
Return on assets%
11.22
9.51
11.18
11.55
14.46
13.12
15.14
15.73
14.77
16.68
6.56
15.14
13.79
79
0.01
EPS£
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.60%
3.66%
—
18.81
EPS growth%
12.86
13.06
14.94
14.43
14.78
15.60
15.77
14.33
17.07
15.90
6.25
15.77
14.86
69
0.01
Bookvalue per sh£
0.02
0.02
0.02
0.02
0.02
0.03
0.03
0.03
0.03
0.04
0.01
9.61%
7.73%
—
0.01
FCF per share£
—
—
—
—
0.01
0.01
0.01
0.01
0.01
0.01
0.01
16.76%
15.67%
—
0.01
Dividend per sh£
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
10.91%
6.40%
—
10.79
Div yield (avg)%
5.77
6.35
3.81
5.94
3.79
2.73
3.06
5.87
6.39
7.12
8.32
5.87
5.82
43
18.48
Payout ratio%
10.30
8.25
6.32
7.50
5.58
6.14
4.77
2.68
4.54
7.12
3.37
4.77
6.23
71
55.49
Shares (diluted)M
51.78
54.93
61.53
70.34
65.75
71.73
68.44
74.27
81.54
75.86
54.65
2.90%
3.08%
87
2.22
Buyback yield%
16.53
14.39
16.77
19.55
19.64
22.51
20.39
18.86
17.70
16.53
29.88
18.86
18.28
6
1.096
D/E ratiox
1.171
1.113
1.150
1.206
1.336
1.322
1.403
1.384
1.469
1.524
1.404
1.403
1.329
76
1.116
Enterprise value£M
1.706
1.490
1.395
1.216
1.073
1.010
1.067
0.961
0.966
0.864
0.874
(4.25%)
(6.04%)
68
1.298
LT debt£M
0.229
0.246
0.228
0.239
0.235
0.257
0.287
0.295
0.293
0.303
2.156
5.27%
2.96%
76
Revenue
£2.382M
2.70%
1.00×
Cost of revenue
£1.667M
2.70%
1.00×
Operating expenses
£0.423M
2.17%
0.95×
Cash and investments
18.96%
Goodwill & intangibles
17.31%
Spread over hurdle
24.70%