| 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 | 27 960 | 30 580 | 28 761 | 33 671 | 35 097 | 37 111 | | Operating income (EBITDA) | 11 272 | 13 348 | 8 686 | 9 140 | 9 563 | 10 611 | | Operating profit (EBIT) | 9 353 | 11 095 | 6 164 | 6 616 | 7 025 | 7 829 | | Pre-Tax Profit (EBT) | 10 928 | 10 782 | -239 | 5 820 | 6 690 | 7 272 | | Net income | 6 544 | 6 169 | -1 493 | 2 477 | 3 171 | 4 031 | | EPS ( $) | 5,18 | 4,89 | -1,19 | 2,24 | 2,57 | 3,12 | | Dividend per Share ( $) | 0,65 | 0,74 | 0,85 | 0,84 | 0,90 | 0,96 | | Yield | 2,94% | 3,35% | 3,84% | 3,82% | 4,09% | 4,32% | | Announcement Date | 02/18/2011 07:00am | 02/17/2012 07:00am | 02/15/2013 07:00am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 7 384 | 1 374 | 8 615 | 10 778 | 13 651 | 13 303 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 11 272 | 13 348 | 8 686 | 9 140 | 9 563 | 10 611 | Leverage (Debt/EBITDA) | 0,66x | 0,10x | 0,99x | 1,18x | 1,43x | 1,25x | | Capital Expenditure | 5 786 | 6 549 | 5 957 | 7 131 | 6 379 | 4 334 | | Book Value Per Share (BVPS) | 25,5 $ | 32,3 $ | 26,8 $ | 31,1 $ | 32,3 $ | 34,0 $ | | Cash Flow per Share | 6,03 $ | 7,30 $ | 4,44 $ | 5,59 $ | 5,80 $ | 6,34 $ | | Announcement Date | 02/18/2011 07:00am | 02/17/2012 07:00am | 02/15/2013 07:00am | - | - | - |
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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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9,88x |
8,60x |
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Capitalization / Revenue
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0,91x |
0,88x |
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EV / Revenue
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1,23x |
1,27x |
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EV / EBITDA
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4,55x |
4,65x |
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Yield (DPS / Price)
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3,82% |
4,09% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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19,6% |
20,0% |
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operating laverage (Delta EBIT / Delta Sales)
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0,43x |
1,46x |
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Net Margin (Net Profit / Revenue)
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7,36% |
9,03% |
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ROA (Net Profit / Asset)
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4,11% |
4,58% |
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ROE (Net Profit / Equities)
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7,11% |
7,72% |
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Rate of Dividend
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37,7% |
35,2% |
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