| 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 | 4 842 | 4 618 | 4 362 | 4 196 | 4 145 | 4 144 | | Operating income (EBITDA) | 637 | 604 | 576 | 537 | 525 | 532 | | Operating profit (EBIT) | 526 | 496 | 470 | 434 | 422 | 429 | | Pre-Tax Profit (EBT) | - | 407 | 392 | - | - | - | | Net income | 313 | 263 | 272 | 246 | 243 | - | | EPS ( $) | 9,32 | 7,93 | 8,34 | 7,77 | 7,72 | 8,28 | | Dividend per Share ( $) | - | 0,80 | 1,04 | 1,06 | 0,97 | 1,33 | | Yield | - | 1,03% | 1,34% | 1,37% | 1,25% | 1,72% | | Announcement Date | 05/05/2011
12:00pm | 05/03/2012
11:30am | 05/02/2013
11:00am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period March |
2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| Debt | 907 | 733 | 657 | 655 | 580 | 421 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 637 | 604 | 576 | 537 | 525 | 532 | Leverage
(Debt/EBITDA) | 1,42x | 1,21x | 1,14x | 1,22x | 1,11x | 0,79x | | Capital Expenditure | 130 | 122 | 96,9 | 122 | 116 | 114 | | Book Value Per Share (BVPS) | 34,5 $ | 37,0 $ | 46,5 $ | 49,9 $ | 58,4 $ | 66,7 $ | | Cash Flow per Share | 12,5 $ | 11,2 $ | 8,39 $ | 9,39 $ | 10,9 $ | 12,8 $ | | Announcement Date | 05/05/2011
12:00pm | 05/03/2012
11:30am | 05/02/2013
11:00am | - | - | - |
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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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9,99x |
10,0x |
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Capitalization / Revenue
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0,61x |
0,61x |
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EV / Revenue
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0,76x |
0,75x |
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EV / EBITDA
|
5,95x |
5,94x |
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Yield (DPS / Price)
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1,37% |
1,25% |
| Profitability |
2014e |
2015e |
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Operating Margin (EBIT / Sales)
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10,4% |
10,2% |
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operating laverage (Delta EBIT / Delta Sales)
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-1,97x |
-2,24x |
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Net Margin (Net Profit / Revenue)
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5,87% |
5,87% |
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ROA (Net Profit / Asset)
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6,48% |
6,30% |
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ROE (Net Profit / Equities)
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16,9% |
13,8% |
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Rate of Dividend
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13,6% |
12,6% |
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