| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 35 167 | 38 851 | 39 874 | 22 460 | 23 790 | 25 277 | | Operating income (EBITDA) | 10 679 | 11 216 | 12 616 | 5 427 | 5 761 | 6 268 | | Operating profit (EBIT) | 8 055 | 9 010 | 9 833 | 4 114 | 4 564 | 4 955 | | Pre-Tax Profit (EBT) | - | 5 199 | 6 263 | - | - | - | | Net income | 4 626 | 4 729 | 5 963 | 2 540 | 2 933 | 3 402 | | EPS ( $) | 2,96 | 3,01 | 3,72 | 1,54 | 1,89 | 2,03 | | Dividend per Share ( $) | 1,72 | 1,88 | 1,67 | 0,55 | 0,61 | 0,63 | | Yield | 4,56% | 4,98% | 4,42% | 1,45% | 1,62% | 1,67% | | Announcement Date | 01/26/2011 12:44pm | 01/25/2012 12:46pm | 01/23/2013 12:47pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 15 270 | 8 602 | 9 674 | - | - | - | | Finance | - | - | - | 3 926 | 6 085 | 9 510 | | Operating income (EBITDA) | 10 679 | 11 216 | 12 616 | 5 427 | 5 761 | 6 268 | Leverage (Debt/EBITDA) | 1,43x | 0,77x | 0,77x | - | - | - | | Capital Expenditure | 1 015 | 1 492 | 1 795 | 1 282 | 1 306 | 1 336 | | Book Value Per Share (BVPS) | 14,5 $ | 15,6 $ | 17,0 $ | 15,4 $ | 16,3 $ | 18,4 $ | | Cash Flow per Share | 5,61 $ | 5,72 $ | 5,85 $ | 2,25 $ | 2,58 $ | 3,25 $ | | Announcement Date | 01/26/2011 12:44pm | 01/25/2012 12:46pm | 01/23/2013 12:47pm | - | - | - |
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Assessed data source : © 2013 Thomson Reuters |
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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24,5x |
20,0x |
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Capitalization / Revenue
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2,62x |
2,47x |
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EV / Revenue
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2,45x |
2,22x |
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EV / EBITDA
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10,1x |
9,16x |
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Yield (DPS / Price)
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1,45% |
1,62% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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18,3% |
19,2% |
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operating laverage (Delta EBIT / Delta Sales)
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-1,33x |
1,84x |
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Net Margin (Net Profit / Revenue)
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11,3% |
12,3% |
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ROA (Net Profit / Asset)
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8,47% |
7,92% |
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ROE (Net Profit / Equities)
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13,6% |
12,4% |
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Rate of Dividend
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35,6% |
32,5% |
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