| 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 | 9 274 | 10 336 | 11 359 | 12 996 | 14 072 | 15 344 | | Operating income (EBITDA) | 652 | 731 | 713 | 798 | 885 | 976 | | Operating profit (EBIT) | 623 | 699 | 675 | 758 | 845 | 926 | | Pre-Tax Profit (EBT) | - | - | 958 | - | - | - | | Net income | 387 | 432 | 594 | 467 | 522 | 577 | | EPS ( $) | 2,33 | 2,62 | 3,67 | 2,93 | 3,31 | 3,72 | | Dividend per Share ( $) | 1,04 | 1,20 | 1,34 | 1,33 | 1,43 | 1,66 | | Yield | 1,77% | 2,04% | 2,28% | 2,27% | 2,44% | 2,82% | | Announcement Date | 02/01/2011 09:15pm | 01/31/2012 09:15pm | 02/05/2013 09:21pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | - | - | 43,6 | 33,9 | - | - | | Finance | 399 | 374 | - | - | 18,7 | 141 | | Operating income (EBITDA) | 652 | 731 | 713 | 798 | 885 | 976 | Leverage (Debt/EBITDA) | - | - | 0,06x | 0,04x | - | - | | Capital Expenditure | 17,7 | 35,9 | 36,1 | 51,0 | 52,6 | 59,0 | | Book Value Per Share (BVPS) | 7,25 $ | 7,64 $ | 9,32 $ | 9,88 $ | 10,7 $ | 12,1 $ | | Cash Flow per Share | 2,08 $ | 2,61 $ | 2,84 $ | 2,70 $ | 3,20 $ | 4,01 $ | | Announcement Date | 02/01/2011 09:15pm | 01/31/2012 09:15pm | 02/05/2013 09:21pm | - | - | - |
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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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20,0x |
17,8x |
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Capitalization / Revenue
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0,73x |
0,67x |
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EV / Revenue
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0,73x |
0,67x |
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EV / EBITDA
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11,9x |
10,6x |
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Yield (DPS / Price)
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2,27% |
2,44% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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5,83% |
6,01% |
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operating laverage (Delta EBIT / Delta Sales)
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0,85x |
1,39x |
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Net Margin (Net Profit / Revenue)
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3,59% |
3,71% |
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ROA (Net Profit / Asset)
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17,5% |
18,3% |
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ROE (Net Profit / Equities)
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30,5% |
32,4% |
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Rate of Dividend
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45,5% |
43,3% |
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