| Income Statement Evolution | |
|
|
| Annual Income Statement Data |
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 7 231 | 6 701 | 6 705 | 6 279 | 6 434 | 6 589 | | Operating income (EBITDA) | 2 537 | 2 241 | 1 838 | 1 626 | 1 723 | 1 790 | | Operating profit (EBIT) | 1 543 | 1 229 | 760 | 663 | 778 | 788 | | Pre-Tax Profit (EBT) | - | 423 | 57,2 | - | - | - | | Net income | 361 | 292 | 234 | 165 | 107 | 129 | | EPS ( $) | 1,20 | 1,02 | 0,87 | 0,75 | 0,49 | 0,59 | | Dividend per Share ( $) | 0,48 | 0,58 | 0,60 | 0,56 | 0,57 | 0,58 | | Yield | 3,11% | 3,76% | 3,89% | 3,64% | 3,66% | 3,74% | | Announcement Date | 02/16/2011 01:15pm | 02/28/2012 01:31pm | 02/28/2013 01:30pm | - | - | - |
|
|
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 12 081 | 10 504 | 10 601 | 8 993 | 9 055 | 8 920 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 2 537 | 2 241 | 1 838 | 1 626 | 1 723 | 1 790 | Leverage (Debt/EBITDA) | 4,76x | 4,69x | 5,77x | 5,53x | 5,25x | 4,98x | | Capital Expenditure | 840 | 815 | 1 075 | 933 | 869 | 842 | | Book Value Per Share (BVPS) | -21,3 $ | -20,3 $ | -21,3 $ | -19,0 $ | -21,9 $ | -22,9 $ | | Cash Flow per Share | 5,61 $ | 4,91 $ | 4,31 $ | 3,83 $ | 3,54 $ | 5,27 $ | | Announcement Date | 02/16/2011 01:15pm | 02/28/2012 01:31pm | 02/28/2013 01:30pm | - | - | - |
|
Assessed data source : © 2013 Thomson Reuters |
|
|
|
|
|
|
Valuation |
2013e |
2014e |
|
PER (Price / EPS)
|
20,7x |
31,4x |
|
Capitalization / Revenue
|
0,66x |
0,64x |
|
EV / Revenue
|
2,09x |
2,05x |
|
EV / EBITDA
|
8,07x |
7,65x |
|
Yield (DPS / Price)
|
3,64% |
3,66% |
| Profitability |
2013e |
2014e |
|
Operating Margin (EBIT / Sales)
|
10,6% |
12,1% |
|
operating laverage (Delta EBIT / Delta Sales)
|
-2,00x |
7,09x |
|
Net Margin (Net Profit / Revenue)
|
2,63% |
1,66% |
|
ROA (Net Profit / Asset)
|
2,40% |
3,72% |
|
ROE (Net Profit / Equities)
|
0,88% |
0,46% |
|
Rate of Dividend
|
75,3% |
115% |
|
|
|