Cohort Ratios and Metrics

Market cap in millions GBP. Fiscal year is May - April.

Millions GBP. Fiscal year is May - Apr.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 23, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Market Capitalization	550	620	302	177	221	262
Market Cap Growth	0.94%	105.11%	70.41%	-19.54%	-15.93%	11.84%
Enterprise Value	594	591	299	192	228	281
Last Close Price	12.02	13.50	7.25	4.11	5.02	5.80
PE Ratio	30.47	32.23	19.75	15.63	23.97	48.03
Forward PE	19.16	25.30	18.83	12.29	16.41	17.45
PS Ratio	1.96	2.30	1.49	0.97	1.60	1.83
PB Ratio	3.30	3.88	2.75	1.78	2.47	3.09
P/TBV Ratio	14.48	18.84	5.43	4.34	9.12	12.76
P/FCF Ratio	-	16.32	18.49	16.05	12.59	17.53
P/OCF Ratio	-	12.12	13.14	10.90	11.30	16.18
EV/Sales Ratio	2.12	2.19	1.48	1.05	1.65	1.96
EV/EBITDA Ratio	16.62	18.38	11.16	9.10	11.74	13.30
EV/EBIT Ratio	24.37	22.80	14.22	12.74	22.08	30.94
EV/FCF Ratio	-20.70	15.56	18.27	17.41	12.99	18.80
Debt / Equity Ratio	0.57	0.49	0.37	0.45	0.44	0.44
Debt / EBITDA Ratio	2.66	2.29	1.41	1.94	1.88	1.65
Debt / FCF Ratio	-	2.08	2.48	4.02	2.26	2.50
Net Debt / Equity Ratio	0.25	0.03	-0.13	-0.06	-0.01	0.06
Net Debt / EBITDA Ratio	1.26	0.13	-0.55	-0.31	-0.04	0.24
Net Debt / FCF Ratio	-1.46	0.11	-0.89	-0.59	-0.05	0.34
Asset Turnover	0.81	0.83	0.85	0.86	0.70	0.83
Inventory Turnover	3.89	4.21	3.86	4.30	4.55	7.38
Quick Ratio	1.02	0.91	1.16	1.26	0.93	1.54
Current Ratio	1.36	1.26	1.55	1.74	1.25	1.92
Return on Equity (ROE)	13.54%	14.54%	14.59%	11.91%	9.97%	6.60%
Return on Assets (ROA)	4.40%	5.00%	5.54%	4.44%	3.27%	3.29%
Return on Invested Capital (ROIC)	9.07%	15.30%	17.21%	13.44%	9.81%	7.70%
Return on Capital Employed (ROCE)	9.80%	11.80%	14.70%	10.70%	9.60%	6.90%
Earnings Yield	3.32%	3.10%	5.06%	6.40%	4.17%	2.08%
FCF Yield	-5.21%	6.13%	5.41%	6.23%	7.94%	5.71%
Dividend Yield	1.36%	1.21%	2.04%	3.26%	2.43%	1.92%
Payout Ratio	40.64%	33.64%	36.55%	45.12%	50.90%	77.74%
Buyback Yield / Dilution	-13.40%	-7.13%	0.39%	0.69%	0.51%	-0.29%
Total Shareholder Return	-12.04%	-5.92%	2.43%	3.95%	2.94%	1.63%

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.