| 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 March |
2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| Sales | 4 251 | 4 746 | 4 957 | 5 178 | 5 473 | 5 787 | | Operating income (EBITDA) | 768 | 847 | 893 | 993 | 1 108 | 1 241 | | Operating profit (EBIT) | 517 | 577 | 605 | 691 | 798 | 899 | | Pre-Tax Profit (EBT) | - | 492 | 543 | - | - | - | | Net income | 250 | 313 | 341 | 391 | 457 | 520 | | EPS ( $) | 2,93 | 4,00 | 4,35 | 5,15 | 5,98 | 6,80 | | Dividend per Share ( $) | 0,94 | 1,20 | 1,60 | 1,76 | 1,98 | 2,67 | | Yield | 0,92% | 1,17% | 1,56% | 1,71% | 1,93% | 2,60% | | Announcement Date | 05/05/2011
12:30pm | 05/03/2012
11:46am | 05/02/2013
11:35am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period March |
2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| Debt | 1 796 | 2 116 | 2 521 | 2 158 | 2 026 | 1 637 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 768 | 847 | 893 | 993 | 1 108 | 1 241 | Leverage
(Debt/EBITDA) | 2,34x | 2,50x | 2,82x | 2,17x | 1,83x | 1,32x | | Capital Expenditure | 256 | 357 | 325 | 332 | 345 | 345 | | Book Value Per Share (BVPS) | 21,6 $ | 22,8 $ | - | 24,3 $ | 27,1 $ | 35,8 $ | | Cash Flow per Share | 7,24 $ | 6,47 $ | 7,03 $ | 9,50 $ | 9,44 $ | - | | Announcement Date | 05/05/2011
12:30pm | 05/03/2012
11:46am | 05/02/2013
11:35am | - | - | - |
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Assessed data source :
© 2013 Thomson Reuters |
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Valuation |
2014e |
2015e |
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PER (Price / EPS)
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19,9x |
17,2x |
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Capitalization / Revenue
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1,45x |
1,37x |
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EV / Revenue
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1,87x |
1,74x |
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EV / EBITDA
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9,73x |
8,60x |
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Yield (DPS / Price)
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1,71% |
1,93% |
| Profitability |
2014e |
2015e |
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Operating Margin (EBIT / Sales)
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13,3% |
14,6% |
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operating laverage (Delta EBIT / Delta Sales)
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3,21x |
2,72x |
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Net Margin (Net Profit / Revenue)
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7,54% |
8,35% |
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ROA (Net Profit / Asset)
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7,16% |
7,46% |
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ROE (Net Profit / Equities)
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22,7% |
24,8% |
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Rate of Dividend
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34,1% |
33,1% |
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