Data as of Sep 5, 2026
EPV per share
1.12 GBP
Current price
0.85 GBP
Margin of safety
+24.1 %
Amounts in GBP; per-share values and price in GBP.
EBIT margin by year
Bridge: operations to equity
Sensitivity: EPV per share
| Margin \ WACC | 6.15 % | 7.15 % | 8.15 % | 9.15 % | 10.15 % |
|---|---|---|---|---|---|
| 5.06 % | 1.04 | 0.81 | 0.64 | 0.50 | 0.39 |
| 6.06 % | 1.36 | 1.08 | 0.88 | 0.72 | 0.59 |
| 7.06 % | 1.68 | 1.36 | 1.12 | 0.93 | 0.78 |
| 8.06 % | 2.00 | 1.64 | 1.36 | 1.15 | 0.98 |
| 9.06 % | 2.32 | 1.91 | 1.61 | 1.37 | 1.17 |
The normalized EBIT margin comes from only 4 financial year(s) (2023–2026); 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)
8.15 %
Provider beta (1.59) outside the sanity band [0.70, 1.50]; capped to 1.50 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.
