| 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 | 8 512 | 11 287 | 11 514 | 11 939 | 12 424 | 12 939 | | Operating income (EBITDA) | 1 801 | 2 384 | 2 376 | 2 568 | 2 718 | 2 873 | | Operating profit (EBIT) | 1 496 | 1 787 | 2 144 | 2 137 | 2 314 | 2 379 | | Pre-Tax Profit (EBT) | - | - | 1 381 | - | - | - | | Net income | 706 | 975 | 993 | 1 119 | 1 286 | 1 368 | | EPS ( $) | 2,37 | 2,87 | 2,99 | 3,58 | 4,29 | 5,14 | | Dividend per Share ( $) | 0,60 | 0,60 | 0,62 | 0,67 | 0,70 | 0,76 | | Yield | 0,91% | 0,91% | 0,94% | 1,02% | 1,07% | 1,15% | | Announcement Date | 02/04/2011 11:30am | 02/03/2012 11:30am | 02/01/2013 11:33am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 3 375 | - | 3 528 | 3 725 | 3 688 | 3 513 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 801 | 2 384 | 2 376 | 2 568 | 2 718 | 2 873 | Leverage (Debt/EBITDA) | 1,87x | - | 1,48x | 1,45x | 1,36x | 1,22x | | Capital Expenditure | 180 | 241 | 269 | 269 | 292 | 288 | | Book Value Per Share (BVPS) | 24,8 $ | 24,9 $ | 24,9 $ | 25,9 $ | 28,4 $ | 33,5 $ | | Cash Flow per Share | 2,64 $ | 2,98 $ | 4,27 $ | 4,31 $ | 6,43 $ | 7,13 $ | | Announcement Date | 02/04/2011 11:30am | 02/03/2012 11:30am | 02/01/2013 11:33am | - | - | - |
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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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18,4x |
15,3x |
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Capitalization / Revenue
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1,70x |
1,64x |
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EV / Revenue
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2,01x |
1,93x |
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EV / EBITDA
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9,36x |
8,84x |
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Yield (DPS / Price)
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1,02% |
1,07% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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17,9% |
18,6% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
2,03x |
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Net Margin (Net Profit / Revenue)
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9,38% |
10,3% |
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ROA (Net Profit / Asset)
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4,81% |
5,51% |
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ROE (Net Profit / Equities)
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19,7% |
19,9% |
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Rate of Dividend
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18,7% |
16,4% |
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