WarrantsWarrant calculator
Data as of Sep 19, 2026
EPV per share
21.52 GBP
Current price
18.46 GBP
Margin of safety
+14.2 %
Amounts in GBP; per-share values and price in GBP.
EBIT margin by year
Bridge: operations to equity
Sensitivity: EPV per share
| Margin \ WACC | 5.80 % | 6.80 % | 7.80 % | 8.80 % | 9.80 % |
|---|---|---|---|---|---|
| 7.17 % | 22.82 | 18.91 | 16.01 | 13.76 | 11.97 |
| 8.17 % | 26.53 | 22.07 | 18.76 | 16.20 | 14.17 |
| 9.17 % | 30.23 | 25.23 | 21.52 | 18.64 | 16.36 |
| 10.17 % | 33.94 | 28.39 | 24.27 | 21.09 | 18.55 |
| 11.17 % | 37.64 | 31.55 | 27.03 | 23.53 | 20.74 |
The normalized EBIT margin comes from only 3 financial year(s) (2023–2025); below 7 the window may not cover a full cycle and, in a cyclical business, capture only the peak or only the trough.
Amounts in GBP.
Capital structure and contribution to WACC
Required rate of return (WACC)
7.80 %
Cost of debt approximated with the 'net interest and non-operating' residual (EBT−EBIT) of the last financial year; it is not an isolated interest line (it also includes FX and equity-method results), so it is an estimate.