| 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 November |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 14 469 | 15 793 | 15 382 | 15 669 | 16 518 | 17 616 | | Operating income (EBITDA) | 3 763 | 3 777 | 3 342 | 3 232 | 3 788 | 4 237 | | Operating profit (EBIT) | 2 347 | 2 255 | 1 815 | 1 645 | 2 145 | 2 324 | | Pre-Tax Profit (EBT) | 1 979 | 1 912 | 1 302 | 1 330 | 1 879 | 2 360 | | Net income | 1 978 | 1 912 | 1 298 | 1 265 | 1 763 | 2 104 | | EPS ( $) | 2,47 | 2,42 | 1,67 | 1,61 | 2,30 | 2,72 | | Dividend per Share ( $) | 0,40 | 1,00 | 1,50 | 1,12 | 1,14 | 1,21 | | Yield | 1,19% | 2,97% | 4,46% | 3,32% | 3,38% | 3,60% | | Announcement Date | 12/21/2010 02:15pm | 12/20/2011 02:15pm | 12/20/2012 02:15pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period November |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 8 935 | 8 903 | 8 437 | 8 540 | 8 246 | 7 523 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 3 763 | 3 777 | 3 342 | 3 232 | 3 788 | 4 237 | Leverage (Debt/EBITDA) | 2,37x | 2,36x | 2,52x | 2,64x | 2,18x | 1,78x | | Capital Expenditure | 3 579 | 2 696 | 2 332 | 1 811 | 1 955 | 1 750 | | Book Value Per Share (BVPS) | 35,7 $ | 29,5 $ | 29,6 $ | 29,5 $ | 30,7 $ | 32,0 $ | | Cash Flow per Share | 4,74 $ | 4,77 $ | 3,85 $ | 3,59 $ | 4,50 $ | 4,71 $ | | Announcement Date | 12/21/2010 02:15pm | 12/20/2011 02:15pm | 12/20/2012 02:15pm | - | - | - |
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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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20,9x |
14,6x |
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Capitalization / Revenue
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1,64x |
1,56x |
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EV / Revenue
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2,19x |
2,05x |
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EV / EBITDA
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10,6x |
8,96x |
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Yield (DPS / Price)
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3,32% |
3,38% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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10,5% |
13,0% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
5,61x |
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Net Margin (Net Profit / Revenue)
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8,07% |
10,7% |
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ROA (Net Profit / Asset)
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3,05% |
4,15% |
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ROE (Net Profit / Equities)
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5,06% |
7,18% |
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Rate of Dividend
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69,6% |
49,3% |
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