0.490
Revenue£B
1.031
1.054
1.065
1.058
1.073
1.105
1.090
1.120
1.104
1.142
0.526
1.25%
1.09%
65
19.71
Revenue growth%
20.43
22.05
23.97
22.41
24.27
21.78
24.07
24.89
25.18
24.99
23.56
24.89
24.02
41
20.84
Gross margin%
21.64
22.18
20.01
21.39
21.65
23.14
22.74
22.04
20.22
20.34
4.04
22.04
21.65
17
28.80
Operating margin%
13.79
12.61
11.04
8.04
9.52
7.27
6.59
9.02
10.09
11.02
16.49
9.02
9.80
59
28.90
Net margin%
18.45
21.15
21.91
23.88
26.70
24.78
23.91
26.09
26.14
28.82
3.63
26.09
24.35
11
29.53
P/E ratio (avg)x
15.38
15.11
15.98
14.78
15.39
16.70
14.89
15.27
15.69
14.28
35.33
15.27
15.32
7
12.42
EV/EBITx
15.18
15.74
14.06
13.80
14.76
13.54
13.34
12.40
12.15
12.67
23.17
12.67
13.67
70
19.79
FCF yield (avg)%
23.47
25.64
22.79
25.79
23.56
22.59
25.35
27.70
28.11
25.78
3.90
25.78
25.50
87
7.78
FCF margin%
10.53
12.25
9.57
9.99
7.00
8.58
6.94
4.48
6.67
5.38
10.81
6.67
7.79
11
1.232
FCF / Net incomex
1.002
0.855
0.868
0.891
0.816
0.805
0.766
0.652
0.657
0.563
0.371
0.657
0.810
20
21.87
ROIC%
17.93
16.55
17.63
20.25
17.59
20.00
22.41
20.43
21.10
23.71
18.58
21.10
20.12
69
23.16
Return on equity%
31.51
33.28
31.25
29.50
30.18
28.15
28.97
27.11
27.35
29.92
7.94
28.15
29.71
53
25.92
Return on assets%
20.29
19.93
21.46
23.27
23.66
23.63
23.32
21.39
19.30
17.83
8.28
21.39
21.42
80
0.38
EPS£
0.13
0.13
0.14
0.14
0.14
0.12
0.13
0.13
0.13
0.14
0.41
0.45%
0.49%
—
17.88
EPS growth%
18.67
20.92
17.97
15.60
12.74
10.66
9.32
7.66
9.88
8.56
16.85
9.32
11.70
60
0.41
Bookvalue per sh£
0.47
0.49
0.48
0.52
0.50
0.55
0.61
0.60
0.60
0.66
0.33
5.81%
3.58%
—
0.16
FCF per share£
0.41
0.49
0.50
0.52
0.53
0.59
0.60
0.72
0.70
0.68
0.22
5.22%
5.22%
—
0.40
Dividend per sh£
0.28
0.30
0.33
0.35
0.33
0.33
0.36
0.38
0.39
0.41
0.07
4.35%
4.14%
—
26.28
Div yield (avg)%
2.77
2.19
0.40
1.81
2.91
3.95
5.66
8.35
8.06
6.90
20.56
6.90
3.43
52
27.59
Payout ratio%
6.87
8.31
10.90
10.71
13.13
11.90
11.73
12.62
13.66
11.82
20.50
11.90
11.78
30
1.052
Shares (diluted)B
1.125
1.242
1.367
1.255
1.295
1.362
1.379
1.525
1.620
1.695
1.052
5.54%
5.14%
36
22.76
Buyback yield%
14.31
16.84
16.81
18.28
19.07
19.33
18.83
21.80
19.67
22.13
17.22
19.67
18.95
17
0.721
D/E ratiox
0.262
0.261
0.290
0.294
0.318
0.319
0.363
0.396
0.417
0.463
0.108
0.396
0.319
33
884.2
Enterprise value£M
329.3
367.5
363.4
406.7
439.2
487.3
549.7
543.5
508.9
503.0
893.7
2.75%
4.13%
18
721.2
LT debt£M
716.8
723.8
783.7
787.9
682.9
637.2
656.9
568.4
514.4
533.3
483.7
(4.82%)
(3.80%)
36
Revenue
£1.142B
1.09%
1.00×
Cost of revenue
£580.3M
0.84%
0.98×
Operating expenses
£260.7M
1.49%
1.04×
Spread over hurdle
52.25%