| 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 |
2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| Sales | 40 191 | 43 880 | 42 384 | 39 607 | 40 702 | 42 114 | | Operating income (EBITDA) | 21 421 | 18 956 | 17 776 | 14 355 | 14 722 | 11 514 | | Operating profit (EBIT) | 17 887 | 17 363 | 16 268 | 13 848 | 14 640 | 14 228 | | Pre-Tax Profit (EBT) | 9 000 | 13 020 | 9 651 | 11 111 | 11 939 | 12 546 | | Net income | 5 832 | 7 843 | 6 050 | 7 236 | 7 462 | 8 026 | | EPS ( €) | 5,20 | 6,32 | 4,81 | 6,01 | 6,26 | 6,21 | | Dividend per Share ( €) | 1,50 | 2,10 | 1,20 | 1,49 | 1,74 | 2,06 | | Yield | 5,62% | 7,87% | 4,50% | 5,57% | 6,51% | 7,72% | | Annoucement Date | 02/17/2010 06:00am | 02/17/2011 06:44am | 02/15/2012 08:00am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| Debt | - | - | - | 7 953 | 7 532 | 7 261 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 21 421 | 18 956 | 17 776 | 14 355 | 14 722 | 11 514 | Leverage (Debt/EBITDA) | - | - | - | 0,55x | 0,51x | 0,63x | | Capital Expenditure | - | - | - | 11,2 | 13,7 | 675 | | Book Value Per Share (BVPS) | 60,2 € | 62,3 € | 58,2 € | 60,0 € | 63,9 € | 68,7 € | | Cash Flow per Share | - | 7,92 € | 29,9 € | 8,52 € | 7,95 € | 8,22 € | | Annoucement Date | 02/17/2010 06:00am | 02/17/2011 06:44am | 02/15/2012 08:00am | - | - | - |
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Assessed data source : © 2012 Thomson Reuters |
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Valuation |
2012e |
2013e |
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PER (Price / EPS)
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4,44x |
4,26x |
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Capitalization / Revenue
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0,80x |
0,78x |
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EV / Revenue
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1,00x |
0,97x |
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EV / EBITDA
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2,77x |
2,67x |
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Yield (DPS / Price)
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5,57% |
6,51% |
| Profitability |
2012e |
2013e |
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Operating Margin (EBIT / Sales)
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35,0% |
36,0% |
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operating laverage (Delta EBIT / Delta Sales)
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-2,27x |
2,07x |
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Net Margin (Net Profit / Revenue)
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18,3% |
18,3% |
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ROA (Net Profit / Asset)
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0,38% |
0,41% |
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ROE (Net Profit / Equities)
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9,23% |
9,08% |
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Rate of Dividend
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24,7% |
27,8% |
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