| Income Statement Evolution | |
|
|
| Annual Income Statement Data |
|
|
Actuals in M € |
Estimates in M € |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 7 903 | 9 586 | 10 531 | 14 848 | 15 424 | 15 498 | | Operating income (EBITDA) | 228 | 254 | 307 | 350 | 360 | 376 | | Operating profit (EBIT) | 129 | 151 | 187 | 225 | 238 | 249 | | Pre-Tax Profit (EBT) | 87,1 | 97,7 | 123 | 175 | 188 | 202 | | Net income | 50,4 | 51,3 | 96,7 | 102 | 113 | 120 | | EPS ( €) | 1,48 | 1,50 | 2,82 | 3,28 | 3,23 | 3,29 | | Dividend per Share ( €) | 0,50 | 0,60 | 0,65 | 0,72 | 0,76 | 0,91 | | Yield | 1,27% | 1,53% | 1,66% | 1,85% | 1,93% | 2,31% | | Announcement Date | 03/30/2011 09:30am | 03/29/2012 06:29am | 03/21/2013 06:42am | - | - | - |
|
|
|
|
Actuals in M € |
Estimates in M € |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 781 | 1 059 | 1 464 | 1 468 | 1 425 | 1 397 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 228 | 254 | 307 | 350 | 360 | 376 | Leverage (Debt/EBITDA) | 3,42x | 4,18x | 4,77x | 4,19x | 3,96x | 3,71x | | Capital Expenditure | 103 | 206 | 158 | 157 | 163 | 155 | | Book Value Per Share (BVPS) | 24,5 € | 25,2 € | 25,1 € | 28,0 € | 31,2 € | 33,9 € | | Cash Flow per Share | -0,28 € | -0,80 € | 4,37 € | 6,09 € | 5,90 € | 6,17 € | | Announcement Date | 03/30/2011 09:30am | 03/29/2012 06:29am | 03/21/2013 06:42am | - | - | - |
|
Assessed data source : © 2013 Thomson Reuters |
|
|
|
|
|
|
Valuation |
2013e |
2014e |
|
PER (Price / EPS)
|
12,0x |
12,2x |
|
Capitalization / Revenue
|
0,09x |
0,09x |
|
EV / Revenue
|
0,19x |
0,18x |
|
EV / EBITDA
|
8,06x |
7,72x |
|
Yield (DPS / Price)
|
1,85% |
1,93% |
| Profitability |
2013e |
2014e |
|
Operating Margin (EBIT / Sales)
|
1,51% |
1,54% |
|
operating laverage (Delta EBIT / Delta Sales)
|
0,50x |
1,54x |
|
Net Margin (Net Profit / Revenue)
|
0,69% |
0,73% |
|
ROA (Net Profit / Asset)
|
2,10% |
2,30% |
|
ROE (Net Profit / Equities)
|
11,5% |
10,5% |
|
Rate of Dividend
|
22,1% |
23,5% |
|
|
|