Data as of Sep 5, 2026
EPV per share
3.54 GBP
Current price
7.63 GBP
Margin of safety
-115.5 %
Amounts in USD; per-share values and price in GBP.
EBIT margin by year
Bridge: operations to equity
Sensitivity: EPV per share
| Margin \ WACC | 5.00 % | 6.00 % | 7.00 % | 8.00 % | 9.00 % |
|---|---|---|---|---|---|
| 23.74 % | 8.08 | 4.73 | 2.33 | 0.53 | -0.87 |
| 24.74 % | 8.93 | 5.43 | 2.93 | 1.06 | -0.39 |
| 25.74 % | 9.78 | 6.14 | 3.54 | 1.59 | 0.08 |
| 26.74 % | 10.62 | 6.85 | 4.15 | 2.12 | 0.55 |
| 27.74 % | 11.47 | 7.55 | 4.75 | 2.65 | 1.02 |
The normalized EBIT margin comes from only 4 financial year(s) (2021–2024); below 7 the window may not cover a full cycle and, in a cyclical business, capture only the peak or only the trough.
Computed WACC (5.9 %) below the 7 % floor; the floor is applied when discounting the EPV (it avoids a disproportionate value).
Amounts in USD.
Capital structure and contribution to WACC
Required rate of return (WACC)
5.92 %
Provider beta (0.24) outside the sanity band [0.70, 1.50]; capped to 0.70 so that a noisy estimator does not govern the EPV.
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.
