| 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 June |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 8 928 | 9 880 | 10 665 | 11 311 | 12 134 | 13 052 | | Operating income (EBITDA) | 2 009 | 2 078 | 2 219 | 2 335 | 2 552 | 2 775 | | Operating profit (EBIT) | 1 771 | 1 825 | 1 959 | 2 057 | 2 256 | 2 474 | | Pre-Tax Profit (EBT) | - | - | 2 122 | - | - | - | | Net income | 1 211 | 1 254 | 1 389 | 1 454 | 1 530 | 1 675 | | EPS ( $) | 2,40 | 2,52 | 2,82 | 3,00 | 3,17 | 3,49 | | Dividend per Share ( $) | 1,35 | 1,42 | 1,55 | 1,67 | 1,77 | 1,88 | | Yield | 1,88% | 1,97% | 2,15% | 2,32% | 2,46% | 2,61% | | Announcement Date | 07/29/2010 11:31am | 07/28/2011 11:46am | 08/01/2012 11:30am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period June |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | - | - | - | - | - | - | | Finance | 1 631 | 1 392 | 1 562 | 2 439 | 3 448 | 4 469 | | Operating income (EBITDA) | 2 009 | 2 078 | 2 219 | 2 335 | 2 552 | 2 775 | Leverage (Debt/EBITDA) | - | - | - | - | - | - | | Capital Expenditure | 103 | 182 | 140 | 187 | 204 | 234 | | Book Value Per Share (BVPS) | 11,1 $ | 12,3 $ | 12,6 $ | 13,4 $ | 15,4 $ | 15,9 $ | | Cash Flow per Share | 3,34 $ | 3,41 $ | 3,88 $ | 3,71 $ | 4,21 $ | 4,35 $ | | Announcement Date | 07/29/2010 11:31am | 07/28/2011 11:46am | 08/01/2012 11:30am | - | - | - |
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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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24,0x |
22,7x |
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Capitalization / Revenue
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3,09x |
2,88x |
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EV / Revenue
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2,87x |
2,59x |
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EV / EBITDA
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13,9x |
12,3x |
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Yield (DPS / Price)
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2,32% |
2,46% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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18,2% |
18,6% |
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operating laverage (Delta EBIT / Delta Sales)
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0,82x |
1,33x |
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Net Margin (Net Profit / Revenue)
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12,9% |
12,6% |
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ROA (Net Profit / Asset)
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4,26% |
4,33% |
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ROE (Net Profit / Equities)
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22,9% |
28,4% |
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Rate of Dividend
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55,7% |
56,0% |
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