| 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 | 1 307 | 1 272 | 1 174 | 1 352 | 1 375 | 1 460 | | Operating income (EBITDA) | 321 | 322 | 396 | 406 | 428 | 455 | | Operating profit (EBIT) | 194 | 186 | 242 | 259 | 271 | 291 | | Pre-Tax Profit (EBT) | - | - | 137 | - | - | - | | Net income | 68,7 | 49,7 | 81,5 | 105 | 111 | 118 | | EPS ( $) | 1,76 | 1,24 | 1,85 | 2,35 | 2,50 | 2,66 | | Dividend per Share ( $) | 1,44 | 1,46 | 1,48 | 1,52 | 1,57 | 1,62 | | Yield | 2,88% | 2,92% | 2,96% | 3,04% | 3,15% | 3,24% | | Announcement Date | 02/04/2011
01:15am | 02/02/2012
11:00pm | 01/31/2013
11:34pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 1 408 | 1 606 | 1 304 | 1 448 | 1 574 | 1 592 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 321 | 322 | 396 | 406 | 428 | 455 | Leverage
(Debt/EBITDA) | 4,39x | 4,99x | 3,29x | 3,57x | 3,68x | 3,50x | | Capital Expenditure | 473 | 441 | 349 | 502 | 394 | 293 | | Book Value Per Share (BVPS) | 28,0 $ | 27,5 $ | 27,9 $ | - | 29,5 $ | 30,6 $ | | Cash Flow per Share | - | - | - | - | -2,08 $ | - | | Announcement Date | 02/04/2011
01:15am | 02/02/2012
11:00pm | 01/31/2013
11:34pm | - | - | - |
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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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21,3x |
20,0x |
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Capitalization / Revenue
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1,64x |
1,61x |
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EV / Revenue
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2,71x |
2,76x |
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EV / EBITDA
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9,03x |
8,87x |
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Yield (DPS / Price)
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3,04% |
3,15% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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19,1% |
19,7% |
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operating laverage (Delta EBIT / Delta Sales)
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0,47x |
2,65x |
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Net Margin (Net Profit / Revenue)
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7,74% |
8,06% |
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ROA (Net Profit / Asset)
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- |
2,60% |
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ROE (Net Profit / Equities)
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8,00% |
8,25% |
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Rate of Dividend
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64,7% |
62,8% |
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