| 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 August |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 21 551 | 25 507 | 27 862 | 29 071 | 30 966 | 32 881 | | Operating income (EBITDA) | 3 390 | 3 984 | 4 465 | 4 845 | 5 106 | 5 403 | | Operating profit (EBIT) | 2 915 | 3 470 | 3 872 | 4 169 | 4 465 | 4 779 | | Pre-Tax Profit (EBT) | - | - | 3 904 | - | - | - | | Net income | 2 038 | 2 521 | 2 791 | 3 026 | 3 177 | 3 241 | | EPS ( $) | 2,66 | 3,40 | 3,84 | 4,92 | 4,66 | 4,99 | | Dividend per Share ( $) | 1,13 | 0,90 | 1,35 | 1,60 | 1,75 | 1,96 | | Yield | 1,37% | 1,09% | 1,64% | 1,94% | 2,13% | 2,38% | | Announcement Date | 09/30/2010 08:00pm | 09/27/2011 08:00pm | 09/27/2012 08:01pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period August |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | - | - | - | - | - | - | | Finance | 4 837 | 5 702 | 6 640 | 6 542 | 7 775 | 8 965 | | Operating income (EBITDA) | 3 390 | 3 984 | 4 465 | 4 845 | 5 106 | 5 403 | Leverage (Debt/EBITDA) | - | - | - | - | - | - | | Capital Expenditure | 238 | 404 | 372 | 400 | 464 | 511 | | Book Value Per Share (BVPS) | 3,97 $ | 5,62 $ | 6,13 $ | 8,73 $ | 10,8 $ | 12,1 $ | | Cash Flow per Share | 4,04 $ | 4,64 $ | 5,92 $ | 5,06 $ | 5,77 $ | 6,49 $ | | Announcement Date | 09/30/2010 08:00pm | 09/27/2011 08:00pm | 09/27/2012 08:01pm | - | - | - |
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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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16,7x |
17,7x |
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Capitalization / Revenue
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1,96x |
1,84x |
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EV / Revenue
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1,74x |
1,59x |
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EV / EBITDA
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10,4x |
9,66x |
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Yield (DPS / Price)
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1,94% |
2,13% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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14,3% |
14,4% |
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operating laverage (Delta EBIT / Delta Sales)
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1,77x |
1,09x |
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Net Margin (Net Profit / Revenue)
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10,4% |
10,3% |
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ROA (Net Profit / Asset)
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16,9% |
17,2% |
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ROE (Net Profit / Equities)
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60,6% |
51,3% |
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Rate of Dividend
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32,4% |
37,7% |
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