3.891
Revenue£B
2.074
2.289
2.466
2.707
2.983
3.226
3.558
3.756
4.088
4.389
3.970
8.03%
8.82%
80
19.23
Revenue growth%
25.75
24.12
25.07
25.69
26.85
28.96
29.11
31.52
32.25
31.02
14.98
31.02
27.91
55
10.52
Gross margin%
28.75
29.35
32.00
33.90
30.90
33.64
30.76
28.37
27.19
24.41
7.69
28.37
30.06
26
23.23
Operating margin%
22.85
20.32
19.90
17.32
17.09
18.91
21.43
20.61
23.47
21.61
11.27
21.43
20.46
19
24.47
Net margin%
19.14
16.33
13.99
13.15
10.79
10.36
10.91
8.92
11.49
12.97
22.11
10.91
12.23
59
15.53
P/E ratio (avg)x
29.96
28.70
26.35
26.50
30.00
30.74
31.87
31.95
31.23
34.94
24.38
31.87
30.37
91
37.68
EV/EBITx
30.13
34.36
37.44
35.37
35.16
33.92
35.97
35.27
38.13
34.90
21.29
35.27
35.21
68
28.21
FCF yield (avg)%
22.27
20.47
20.09
21.94
20.23
18.41
18.15
18.19
19.84
21.98
15.49
18.41
20.16
30
21.17
FCF margin%
15.18
14.22
11.76
14.49
14.75
15.50
12.50
11.17
14.00
13.21
8.65
13.21
14.11
92
0.326
FCF / Net incomex
0.954
1.139
1.380
1.578
1.679
1.882
2.083
2.485
2.586
2.549
1.483
2.485
1.781
94
24.29
ROIC%
17.03
17.54
20.37
23.20
20.45
17.75
19.61
22.45
24.94
23.68
8.79
22.45
20.41
10
29.91
Return on equity%
25.51
25.14
27.08
24.50
23.02
24.40
22.32
21.97
22.26
22.03
6.06
22.26
23.71
63
28.36
Return on assets%
21.09
18.88
18.64
19.85
22.38
24.66
26.79
28.88
26.67
29.65
18.30
26.79
23.52
25
1.15
EPS£
1.17
1.33
1.21
1.29
1.39
1.54
1.64
1.59
1.46
1.35
1.20
(0.46%)
2.41%
—
16.93
EPS growth%
24.61
23.74
22.95
20.84
19.96
19.90
22.46
21.82
22.37
25.37
8.08
22.37
22.41
45
0.31
Bookvalue per sh£
1.80
1.84
1.75
1.90
1.73
1.92
1.86
2.00
1.82
1.71
0.26
(0.25%)
0.53%
—
0.54
FCF per share£
2.32
2.27
2.54
2.63
2.82
3.20
3.46
3.63
3.58
3.27
1.08
2.99%
4.14%
—
0.47
Dividend per sh£
0.97
0.89
0.82
0.74
0.76
0.80
0.77
0.69
0.58
0.61
1.58
(4.38%)
(5.24%)
—
3.92
Div yield (avg)%
6.12
7.24
5.65
7.39
9.92
10.32
8.97
10.70
8.89
11.88
19.41
10.32
8.93
37
22.25
Payout ratio%
12.77
10.18
8.91
10.76
11.37
8.50
11.38
10.23
10.11
11.59
13.61
10.23
10.49
27
762.6
Shares (diluted)M
660.9
698.4
670.0
677.2
644.1
600.0
638.1
645.7
632.0
608.7
720.7
(1.12%)
(1.26%)
53
20.79
Buyback yield%
26.93
28.33
28.92
31.24
33.47
33.36
31.49
32.64
35.57
38.18
3.78
33.36
32.06
91
0.630
D/E ratiox
2.121
2.327
2.295
2.341
2.593
2.995
3.494
3.712
4.130
4.762
1.508
3.712
2.794
9
1.256
Enterprise value£B
2.089
1.997
2.175
2.205
2.591
2.787
3.249
3.248
3.418
3.498
1.659
6.19%
4.96%
55
2.850
LT debt£B
1.526
1.624
1.449
1.321
1.241
1.140
1.198
1.093
1.147
1.109
2.457
(2.21%)
(4.07%)
71
Revenue
£4.389B
8.82%
1.00×
Cost of revenue
£2.231B
8.58%
0.98×
Operating expenses
£822.9M
9.04%
1.02×
Cash and investments
17.39%
Property and equipment
16.76%
Goodwill & intangibles
15.67%
Spread over hurdle
24.40%