2.640
Revenue£M
2.251
2.257
2.350
2.445
2.504
2.614
2.658
2.734
2.790
2.913
2.815
3.07%
2.63%
57
12.16
Revenue growth%
30.93
33.32
30.98
30.47
28.18
28.34
29.98
32.78
35.33
35.69
8.94
32.78
30.96
46
24.67
Gross margin%
26.62
29.33
29.43
29.01
29.30
26.60
27.13
26.55
27.70
28.99
25.27
27.13
28.35
55
9.51
Operating margin%
14.28
14.58
15.89
18.36
19.71
21.39
21.79
19.09
17.03
17.86
20.29
19.09
18.11
24
27.17
Net margin%
22.66
22.71
23.38
24.57
23.22
20.90
20.45
19.19
16.99
17.93
26.18
19.19
21.78
37
34.36
P/E ratio (avg)x
65.64
76.49
89.16
91.61
97.63
111.3
123.1
138.5
141.7
164.8
10.98
138.5
104.5
86
26.84
EV/EBITx
28.36
32.31
31.56
35.88
37.65
43.19
43.94
47.86
48.37
48.34
10.29
47.86
40.42
69
17.18
FCF yield (avg)%
0.93
3.35
4.41
7.10
6.05
7.78
7.20
7.86
10.50
9.63
24.29
7.86
7.15
59
2.37
FCF margin%
23.04
25.65
25.66
26.18
26.05
23.79
22.26
20.72
22.11
24.70
26.86
22.26
24.25
38
0.750
FCF / Net incomex
0.966
0.912
0.941
0.898
0.981
0.887
0.927
0.981
1.097
0.993
0.698
0.981
0.954
16
9.46
ROIC%
21.54
18.71
15.74
18.29
15.76
17.20
18.96
19.58
16.93
16.04
10.68
17.20
17.74
58
12.82
Return on equity%
14.20
14.14
15.90
15.59
13.14
13.40
10.74
8.76
8.26
6.77
3.11
8.76
13.27
45
17.28
Return on assets%
24.20
24.71
22.21
22.84
21.02
18.94
17.77
14.98
12.54
12.43
10.32
14.98
19.98
53
0.01
EPS£
—
—
—
—
—
—
—
—
—
—
0.01
4.58%
2.03%
—
12.94
EPS growth%
24.70
25.59
25.84
23.68
21.45
22.77
19.83
22.75
20.53
21.87
4.35
21.87
22.76
13
0.01
Bookvalue per sh£
—
—
—
—
—
0.01
0.01
0.01
0.01
0.01
—
5.27%
6.82%
—
—
FCF per share£
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
—
1.60%
3.72%
—
—
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
7.19%
5.32%
—
29.02
Div yield (avg)%
23.08
25.50
28.15
27.37
27.52
28.49
26.18
28.82
26.73
27.46
5.78
27.46
27.42
39
10.27
Payout ratio%
28.00
29.25
31.26
30.59
28.90
26.93
26.94
24.92
24.12
26.24
19.22
26.24
27.47
8
107.3
Shares (diluted)M
134.2
154.0
157.4
183.6
181.2
184.1
212.8
204.5
222.9
258.0
106.4
7.32%
6.19%
19
22.59
Buyback yield%
23.55
21.40
20.90
20.13
22.03
22.68
25.38
25.93
26.90
24.62
25.49
25.38
23.12
20
0.944
D/E ratiox
0.901
0.974
1.003
1.126
1.268
1.286
1.454
1.466
1.427
1.329
0.294
1.427
1.277
40
2.175
Enterprise value£M
2.540
2.712
3.132
3.261
3.445
3.312
3.480
3.234
3.412
3.395
2.617
(0.29%)
3.87%
69
0.576
LT debt£M
3.307
3.702
3.607
3.650
4.054
4.821
4.736
5.452
6.503
6.498
1.364
9.90%
8.67%
73
Revenue
£2.913M
2.63%
1.00×
Cost of revenue
£1.393M
2.61%
1.00×
Operating expenses
£0.610M
2.76%
1.01×
Cash and investments
15.24%
Spread over hurdle
(1.92%)