| 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 | 7 649 | 8 679 | 9 690 | 10 107 | 10 708 | 11 239 | | Operating income (EBITDA) | 603 | 661 | 707 | 751 | 815 | 884 | | Operating profit (EBIT) | 414 | 548 | 574 | 623 | 682 | 738 | | Pre-Tax Profit (EBT) | 232 | 420 | 479 | 540 | 606 | 653 | | Net income | 144 | 277 | 336 | 353 | 395 | 429 | | EPS ( €) | 2,93 | 5,39 | 6,53 | 6,83 | 7,67 | 8,41 | | Dividend per Share ( €) | 1,40 | 2,00 | 2,40 | 2,58 | 2,85 | 3,14 | | Yield | 1,13% | 1,62% | 1,94% | 2,09% | 2,31% | 2,54% | | Announcement Date | 02/17/2011
09:26am | 02/21/2012
06:07am | 03/21/2013
10:19am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 1 421 | 1 494 | 1 483 | 1 329 | 1 095 | 899 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 603 | 661 | 707 | 751 | 815 | 884 | Leverage
(Debt/EBITDA) | 2,36x | 2,26x | 2,10x | 1,77x | 1,34x | 1,02x | | Capital Expenditure | 143 | 86,0 | 94,7 | 98,5 | 102 | 107 | | Book Value Per Share (BVPS) | 31,3 € | 33,7 € | 38,1 € | 42,0 € | 47,6 € | 53,1 € | | Cash Flow per Share | 3,07 € | 6,79 € | 8,41 € | 8,93 € | 9,74 € | 10,4 € | | Announcement Date | 02/17/2011
09:26am | 02/21/2012
06:07am | 03/21/2013
10:19am | - | - | - |
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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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18,1x |
16,1x |
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Capitalization / Revenue
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0,63x |
0,60x |
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EV / Revenue
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0,76x |
0,70x |
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EV / EBITDA
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10,3x |
9,17x |
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Yield (DPS / Price)
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2,09% |
2,31% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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6,16% |
6,37% |
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operating laverage (Delta EBIT / Delta Sales)
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1,99x |
1,61x |
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Net Margin (Net Profit / Revenue)
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3,50% |
3,69% |
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ROA (Net Profit / Asset)
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6,95% |
7,35% |
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ROE (Net Profit / Equities)
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19,0% |
19,2% |
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Rate of Dividend
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37,7% |
37,1% |
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