| 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 | 34 019 | 33 612 | 35 545 | 47 760 | 56 395 | 62 585 | | Operating income (EBITDA) | 3 143 | 3 415 | 3 572 | 3 720 | 4 235 | 4 613 | | Operating profit (EBIT) | 2 699 | 3 294 | 3 122 | 3 315 | 3 734 | 4 864 | | Pre-Tax Profit (EBT) | - | - | 2 545 | - | - | - | | Net income | 1 767 | 1 986 | 1 658 | 2 060 | 2 331 | 2 503 | | EPS ( $) | 4,18 | 5,22 | 4,81 | 5,71 | 6,36 | 7,15 | | Dividend per Share ( $) | 0,04 | 0,63 | 0,70 | 0,70 | 0,71 | 0,60 | | Yield | 0,07% | 1,03% | 1,16% | 1,15% | 1,18% | 0,99% | | Announcement Date | 02/04/2011 11:00am | 02/01/2012 11:00am | 01/31/2013 11:00am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 3 903 | 3 724 | 3 902 | 7 789 | 6 350 | - | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 3 143 | 3 415 | 3 572 | 3 720 | 4 235 | 4 613 | Leverage (Debt/EBITDA) | 1,24x | 1,09x | 1,09x | 2,09x | 1,50x | - | | Capital Expenditure | 289 | 372 | 338 | 465 | 456 | 578 | | Book Value Per Share (BVPS) | 25,7 $ | 28,9 $ | 31,8 $ | 39,5 $ | 43,4 $ | 48,1 $ | | Cash Flow per Share | 3,34 $ | 6,60 $ | 5,28 $ | 6,88 $ | 7,65 $ | 8,49 $ | | Announcement Date | 02/04/2011 11:00am | 02/01/2012 11:00am | 01/31/2013 11:00am | - | - | - |
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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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10,6x |
9,50x |
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Capitalization / Revenue
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0,48x |
0,40x |
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EV / Revenue
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0,64x |
0,52x |
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EV / EBITDA
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8,23x |
6,89x |
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Yield (DPS / Price)
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1,15% |
1,18% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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6,94% |
6,62% |
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operating laverage (Delta EBIT / Delta Sales)
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0,18x |
0,70x |
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Net Margin (Net Profit / Revenue)
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4,31% |
4,13% |
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ROA (Net Profit / Asset)
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4,45% |
4,75% |
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ROE (Net Profit / Equities)
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16,2% |
14,9% |
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Rate of Dividend
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12,2% |
11,2% |
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