0.481
Revenue£B
0.967
0.990
1.018
1.054
1.080
1.108
1.162
1.212
1.242
1.263
0.522
3.18%
3.10%
19
17.55
Revenue growth%
11.74
10.14
9.19
11.03
8.27
5.30
2.99
2.86
4.42
4.69
3.89
4.42
6.79
10
17.57
Gross margin%
26.81
28.38
28.67
29.03
26.14
28.78
26.56
28.59
29.02
29.43
12.19
28.78
28.63
12
3.55
Operating margin%
7.98
9.47
8.02
10.35
8.30
6.12
3.66
2.64
4.46
3.37
3.17
3.66
7.05
34
27.79
Net margin%
4.46
5.08
6.58
7.56
9.08
10.63
11.43
11.80
9.90
8.32
13.07
10.63
8.70
32
30.69
P/E ratio (avg)x
13.53
15.38
17.74
20.72
19.36
18.55
19.98
20.13
21.65
24.41
25.49
20.13
19.67
71
19.08
EV/EBITx
17.45
17.62
18.37
20.15
22.08
24.24
26.15
28.35
33.07
36.56
29.77
28.35
23.16
48
24.31
FCF yield (avg)%
30.23
29.49
27.97
28.00
25.03
26.56
25.42
26.19
23.27
24.23
22.11
25.42
26.38
31
29.97
FCF margin%
19.29
16.58
14.95
13.26
13.27
10.37
11.22
9.15
12.10
15.00
7.26
11.22
13.27
14
1.228
FCF / Net incomex
1.557
1.416
1.364
1.510
1.618
1.796
1.833
2.065
2.084
2.007
0.884
2.007
1.707
58
26.17
ROIC%
19.10
17.70
19.67
20.67
21.06
22.88
23.50
22.18
20.25
19.87
27.46
22.18
20.46
7
24.29
Return on equity%
7.72
6.74
4.14
1.21
4.07
5.29
6.08
4.90
6.75
9.30
5.00
6.08
5.68
39
10.19
Return on assets%
14.47
12.31
12.69
12.48
12.59
9.60
10.83
13.82
12.78
10.12
14.66
10.83
12.54
24
0.38
EPS£
1.89
1.81
1.84
2.01
2.32
2.25
2.50
2.77
2.80
2.77
0.40
3.63%
4.91%
—
23.09
EPS growth%
23.03
23.94
24.71
22.01
23.95
24.90
23.72
23.41
22.50
20.07
29.29
23.41
23.56
9
0.46
Bookvalue per sh£
0.28
0.28
0.27
0.30
0.32
0.30
0.30
0.32
0.32
0.32
1.31
(0.03%)
0.62%
—
0.70
FCF per share£
1.53
1.79
1.83
1.81
2.09
2.28
2.69
2.95
2.95
3.23
0.58
9.07%
8.67%
—
0.52
Dividend per sh£
1.23
1.24
1.34
1.43
1.46
1.39
1.34
1.18
1.21
1.17
0.92
(4.25%)
(0.28%)
—
27.38
Div yield (avg)%
29.49
30.05
32.12
33.79
34.77
35.64
36.28
33.50
30.64
31.09
10.93
33.50
32.81
16
7.10
Payout ratio%
17.40
15.84
17.69
15.10
15.39
17.82
16.54
15.96
18.24
15.67
23.54
16.54
16.25
27
332.4
Shares (diluted)M
398.0
458.0
440.4
428.2
417.5
489.1
572.1
652.6
667.4
741.1
331.8
12.16%
6.85%
52
9.45
Buyback yield%
4.34
6.46
7.20
4.33
5.19
6.51
3.63
5.28
3.79
4.05
3.06
4.05
4.77
56
0.300
D/E ratiox
0.858
0.860
0.740
0.762
0.733
0.781
0.842
0.802
0.700
0.639
0.725
0.781
0.771
15
1,206
Enterprise value£M
261.7
297.0
277.7
313.1
362.1
346.5
380.6
416.2
464.0
443.4
888.7
4.13%
7.11%
74
1,193
LT debt£M
494.5
476.0
522.0
494.5
497.6
560.1
570.5
617.6
613.0
616.4
932.6
4.37%
2.02%
44
Revenue
£1.263B
3.10%
1.00×
Cost of revenue
£846.8M
2.90%
0.98×
Operating expenses
£208.5M
3.56%
1.05×
Goodwill & intangibles
14.96%
Spread over hurdle
(3.35%)