| 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 | 29 078 | 34 361 | 41 971 | 50 317 | 54 455 | 57 869 | | Operating income (EBITDA) | 1 954 | 2 287 | 2 853 | 3 311 | 3 686 | 3 947 | | Operating profit (EBIT) | 1 300 | 1 548 | 2 002 | 2 300 | 2 593 | 2 806 | | Pre-Tax Profit (EBT) | 966 | 987 | 1 880 | 1 613 | 1 896 | 2 137 | | Net income | 550 | 568 | 1 062 | 645 | 741 | 827 | | EPS ( €) | 4,90 | 5,05 | 9,39 | 5,69 | 6,44 | 7,14 | | Dividend per Share ( €) | 2,78 | 3,00 | 3,00 | 3,22 | 3,51 | 3,79 | | Yield | 3,27% | 3,53% | 3,53% | 3,78% | 4,12% | 4,45% | | Announcement Date | 03/01/2011
07:44am | 02/28/2012
07:39am | 02/21/2013
07:01am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 3 845 | 5 379 | 5 451 | 6 560 | 6 559 | 6 603 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 954 | 2 287 | 2 853 | 3 311 | 3 686 | 3 947 | Leverage
(Debt/EBITDA) | 1,97x | 2,35x | 1,91x | 1,98x | 1,78x | 1,67x | | Capital Expenditure | 954 | 1 187 | 1 406 | 1 654 | 1 765 | 1 863 | | Book Value Per Share (BVPS) | 67,9 € | 61,3 € | 66,7 € | 73,4 € | 74,9 € | 75,8 € | | Cash Flow per Share | 17,0 € | 17,4 € | 21,0 € | 18,9 € | 21,4 € | 24,1 € | | Announcement Date | 03/01/2011
07:44am | 02/28/2012
07:39am | 02/21/2013
07:01am | - | - | - |
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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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15,0x |
13,2x |
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Capitalization / Revenue
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0,19x |
0,18x |
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EV / Revenue
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0,32x |
0,30x |
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EV / EBITDA
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4,87x |
4,37x |
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Yield (DPS / Price)
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3,78% |
4,12% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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4,57% |
4,76% |
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operating laverage (Delta EBIT / Delta Sales)
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0,75x |
1,55x |
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Net Margin (Net Profit / Revenue)
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1,28% |
1,36% |
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ROA (Net Profit / Asset)
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1,75% |
1,90% |
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ROE (Net Profit / Equities)
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7,79% |
8,48% |
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Rate of Dividend
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56,6% |
54,5% |
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