2.714
Revenue£M
1.841
2.001
2.142
2.334
2.477
2.658
2.850
3.048
3.308
3.599
2.984
7.75%
7.58%
16
11.35
Revenue growth%
4.17
5.71
5.94
6.07
3.91
6.83
4.61
3.43
3.92
3.41
5.73
3.92
4.39
81
19.49
Gross margin%
12.76
13.58
15.18
15.10
16.98
18.53
20.86
21.12
23.77
21.92
24.15
21.12
17.76
91
9.99
Operating margin%
15.96
15.75
15.08
14.33
16.15
17.07
14.87
16.19
16.50
16.89
6.49
16.50
16.05
90
14.16
Net margin%
22.33
24.64
24.27
25.80
25.51
25.37
24.72
23.00
21.10
19.14
17.27
23.00
24.45
93
37.54
P/E ratio (avg)x
27.98
26.04
26.77
26.64
23.81
21.76
18.55
20.08
17.81
15.11
12.17
18.55
22.78
36
28.74
EV/EBITx
13.08
12.61
12.16
13.19
14.23
13.72
12.20
11.84
11.01
9.674
18.05
11.84
12.40
39
22.48
FCF yield (avg)%
14.56
14.95
13.40
13.87
11.18
10.91
9.44
11.85
10.94
11.94
10.16
10.94
11.90
71
7.16
FCF margin%
16.80
15.08
15.94
18.84
18.78
18.22
17.34
19.44
18.87
17.17
29.23
18.22
17.78
51
0.277
FCF / Net incomex
0.532
0.521
0.543
0.515
0.523
0.533
0.504
0.507
0.474
0.460
1.690
0.504
0.518
51
28.92
ROIC%
7.82
6.87
7.08
8.17
5.88
5.76
4.21
5.97
8.16
9.14
25.86
5.97
6.98
22
16.64
Return on equity%
24.30
27.03
29.69
31.62
30.76
31.40
32.74
34.69
35.38
33.84
27.68
33.84
31.51
58
5.45
Return on assets%
0.67
2.78
4.27
3.72
5.13
7.87
8.33
10.47
10.16
9.51
9.10
9.51
6.50
61
0.04
EPS£
0.05
0.05
0.06
0.06
0.07
0.06
0.05
0.05
0.05
0.05
0.04
(5.79%)
0.16%
—
28.92
EPS growth%
7.71
6.07
7.56
4.76
5.13
6.40
8.83
6.27
4.00
6.22
16.99
6.27
6.25
16
0.06
Bookvalue per sh£
0.05
0.05
0.04
0.05
0.05
0.05
0.05
0.06
0.07
0.07
0.01
4.72%
2.77%
—
0.04
FCF per share£
0.10
0.11
0.11
0.11
0.12
0.13
0.14
0.14
0.16
0.20
0.02
10.19%
7.80%
—
0.07
Dividend per sh£
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.07
(1.04%)
(1.81%)
—
7.04
Div yield (avg)%
9.52
10.53
8.23
9.07
7.43
7.92
6.90
8.80
7.89
6.17
7.94
7.89
8.08
82
2.01
Payout ratio%
23.24
25.40
27.70
25.04
27.51
29.53
29.86
29.44
26.75
28.97
6.99
29.44
27.61
40
49.72
Shares (diluted)M
68.14
67.25
70.09
81.33
89.91
105.1
122.0
126.1
120.4
123.1
49.57
6.49%
7.73%
45
15.31
Buyback yield%
24.40
27.00
24.98
24.50
23.27
25.51
24.76
23.71
23.63
21.64
22.62
23.71
24.45
52
0.889
D/E ratiox
1.034
1.061
0.960
0.857
0.815
0.864
0.759
0.767
0.662
0.664
1.401
0.759
0.836
58
2.240
Enterprise value£M
5.646
6.111
6.096
6.021
6.129
6.510
7.523
7.790
7.663
9.082
0.333
8.18%
4.60%
89
1.792
LT debt£M
2.957
3.035
3.006
3.264
3.661
3.908
4.049
3.881
3.516
3.627
0.216
(0.19%)
1.63%
47
Revenue
£3.599M
7.58%
1.00×
Cost of revenue
£2.519M
7.58%
1.00×
Operating expenses
£0.470M
6.61%
0.91×
Goodwill & intangibles
21.98%
Spread over hurdle
(6.16%)