112.5
Revenue£M
93.29
103.0
112.7
121.0
128.3
141.8
153.0
167.1
181.9
192.5
114.8
8.46%
8.37%
17
11.50
Revenue growth%
0.40
0.40
0.40
0.40
2.95
3.04
1.46
2.13
5.12
6.37
9.57
3.04
1.80
67
14.85
Gross margin%
17.80
17.53
17.71
16.70
18.35
20.24
18.49
18.97
18.28
18.48
27.70
18.49
18.31
81
28.75
Operating margin%
12.65
12.22
15.15
17.92
16.75
18.23
18.39
15.56
13.60
11.39
7.02
15.56
15.35
79
17.99
Net margin%
6.66
4.06
2.88
2.21
3.15
0.46
0.40
0.40
3.15
2.07
11.11
0.46
2.55
67
8.732
P/E ratio (avg)x
26.10
29.43
34.04
34.57
38.47
41.98
42.57
46.58
44.62
43.26
10.66
43.26
40.22
9
30.51
EV/EBITx
17.64
16.39
18.00
19.65
19.08
20.60
21.36
23.68
27.29
28.35
10.22
23.68
20.13
75
2.69
FCF yield (avg)%
4.26
2.00
3.24
4.85
5.83
6.64
4.46
3.86
5.65
3.70
13.81
4.46
4.36
10
2.53
FCF margin%
29.51
32.11
29.22
26.62
27.33
25.62
27.56
26.92
26.15
26.02
9.81
26.15
27.12
50
1.255
FCF / Net incomex
0.443
0.413
0.362
0.355
0.379
0.402
0.416
0.375
0.360
0.372
0.508
0.375
0.377
21
4.48
ROIC%
22.26
23.99
24.08
27.00
25.74
26.83
29.62
28.82
31.75
33.22
29.83
29.62
26.92
84
11.42
Return on equity%
31.37
33.18
34.42
34.43
36.30
35.61
37.09
34.29
32.50
32.52
18.61
34.29
34.35
16
23.22
Return on assets%
19.08
18.80
16.50
14.68
12.94
11.34
12.65
10.70
10.88
11.90
16.39
11.34
12.79
21
0.04
EPS£
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.04
(2.49%)
(2.46%)
—
6.27
EPS growth%
2.11
0.40
0.40
1.55
3.96
5.36
6.84
7.71
7.37
8.60
4.32
7.37
4.66
6
0.02
Bookvalue per sh£
0.11
0.11
0.12
0.12
0.12
0.12
0.13
0.13
0.14
0.16
0.06
5.00%
5.89%
—
0.03
FCF per share£
0.08
0.08
0.09
0.09
0.10
0.12
0.12
0.14
0.15
0.14
0.05
7.07%
5.89%
—
0.05
Dividend per sh£
0.04
0.04
0.04
0.04
0.05
0.05
0.06
0.06
0.07
0.07
0.03
8.89%
8.02%
—
12.70
Div yield (avg)%
1.25
0.40
0.70
0.47
3.32
3.93
5.98
8.74
8.75
7.49
25.71
7.49
3.62
27
26.19
Payout ratio%
10.92
13.32
13.96
12.14
12.42
15.11
14.89
16.00
14.78
15.69
27.71
15.11
14.37
53
1.527
Shares (diluted)B
2.549
2.679
2.987
2.730
2.746
3.114
3.391
3.081
3.415
3.268
1.563
3.55%
3.72%
33
6.60
Buyback yield%
8.82
8.29
7.18
9.08
8.54
10.22
9.49
9.20
7.21
5.10
27.90
9.20
8.68
8
0.907
D/E ratiox
2.103
2.205
2.411
2.720
2.946
3.212
3.598
3.785
4.288
4.925
0.837
3.785
3.079
56
13.32
Enterprise value£M
150.4
140.2
133.4
132.6
138.8
154.8
167.1
167.5
153.4
167.6
209.2
3.85%
0.58%
77
98.49
LT debt£M
230.6
239.7
274.9
305.3
305.7
353.8
406.8
393.5
382.0
419.4
139.8
6.52%
7.61%
65
Revenue
£192.5M
8.37%
1.00×
Cost of revenue
£128.8M
8.34%
1.00×
Operating expenses
£24.15M
8.99%
1.06×
Goodwill & intangibles
19.99%
Cash and investments
17.92%
Spread over hurdle
(3.11%)