6.851
Revenue£M
16.16
17.08
18.79
20.60
21.83
23.92
26.40
28.69
31.25
33.56
7.086
8.98%
8.47%
12
4.25
Revenue growth%
12.13
10.32
8.29
8.02
8.80
9.39
8.02
10.92
8.67
9.18
8.19
9.18
8.99
90
24.66
Gross margin%
7.87
5.02
3.41
3.72
2.34
2.76
2.64
2.17
1.14
1.53
6.90
2.17
2.70
5
4.58
Operating margin%
19.91
21.96
22.03
20.89
18.96
19.01
19.26
17.60
20.59
20.49
19.45
19.26
20.20
51
15.20
Net margin%
13.30
14.98
16.00
14.71
12.26
11.92
9.45
12.30
11.65
9.23
9.52
11.65
12.28
82
15.75
P/E ratio (avg)x
24.03
28.66
33.31
37.70
41.43
49.48
50.33
48.95
48.95
48.09
13.90
48.95
44.76
78
26.43
EV/EBITx
14.95
14.44
14.17
14.03
14.14
13.21
11.80
11.04
10.13
9.626
24.73
11.04
13.62
63
8.43
FCF yield (avg)%
31.44
32.93
35.70
37.57
39.58
37.14
35.53
36.83
35.34
37.68
8.00
36.83
36.27
40
26.11
FCF margin%
19.57
19.99
20.48
19.95
20.17
17.52
16.11
13.19
15.48
18.30
5.08
16.11
18.94
8
0.948
FCF / Net incomex
0.684
0.721
0.671
0.678
0.651
0.646
0.590
0.617
0.563
0.543
1.367
0.590
0.649
53
15.04
ROIC%
19.26
20.62
18.12
15.19
16.51
17.19
14.20
12.18
14.34
13.60
27.45
14.20
15.85
26
8.11
Return on equity%
28.40
26.74
25.66
28.45
29.12
27.03
28.20
27.40
28.86
29.97
10.35
28.20
28.30
94
14.15
Return on assets%
25.74
23.27
25.31
28.12
28.20
30.15
29.17
30.37
28.63
29.12
18.58
29.17
28.42
21
0.46
EPS£
0.49
0.45
0.42
0.40
0.37
0.40
0.36
0.34
0.36
0.41
0.48
1.66%
(0.55%)
—
25.09
EPS growth%
1.70
4.52
5.53
4.10
1.55
0.40
3.25
3.77
4.60
5.33
22.88
3.77
3.94
9
0.18
Bookvalue per sh£
0.71
0.79
0.76
0.83
0.79
0.84
0.91
0.87
0.83
0.74
0.38
(1.09%)
(0.13%)
—
0.72
FCF per share£
0.66
0.65
0.59
0.58
0.61
0.65
0.59
0.61
0.55
0.60
0.40
(0.48%)
(0.28%)
—
0.58
Dividend per sh£
0.84
0.80
0.83
0.79
0.91
0.96
1.10
1.30
1.38
1.47
0.70
10.10%
7.62%
—
17.30
Div yield (avg)%
14.30
16.22
17.46
15.90
16.79
13.90
13.60
11.26
13.47
15.71
22.47
13.60
15.00
83
6.30
Payout ratio%
16.14
14.12
13.53
10.81
11.37
13.86
13.63
13.38
13.58
12.55
23.27
13.58
13.55
28
38.47
Shares (diluted)M
39.98
37.74
43.51
43.18
43.17
48.14
44.72
43.45
47.07
46.34
40.39
1.43%
1.19%
32
22.73
Buyback yield%
12.35
9.49
7.32
7.54
4.80
2.60
1.90
1.31
0.40
0.40
25.61
1.31
3.70
6
1.624
D/E ratiox
0.371
0.372
0.403
0.369
0.400
0.379
0.420
0.446
0.505
0.465
1.017
0.446
0.402
95
23.83
Enterprise value£M
45.71
53.33
53.02
58.82
69.59
76.54
86.94
85.49
94.15
104.6
11.18
8.50%
9.03%
66
23.69
LT debt£M
37.72
37.98
36.17
36.13
42.24
48.75
47.29
46.05
52.15
59.47
25.42
7.08%
5.50%
12
Revenue
£33.56M
8.47%
1.00×
Cost of revenue
£23.49M
8.47%
1.00×
Operating expenses
£6.980M
8.31%
0.98×
Cash and investments
16.08%
Spread over hurdle
(2.98%)