| 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 | 9 366 | 11 635 | 12 316 | 13 116 | 13 560 | 16 970 | | Operating income (EBITDA) | 5 083 | 5 406 | 3 754 | 4 996 | 5 829 | 6 271 | | Operating profit (EBIT) | 3 469 | 3 483 | 1 147 | 2 152 | 2 906 | 3 801 | | Pre-Tax Profit (EBT) | - | 2 880 | -974 | - | - | - | | Net income | 1 663 | 1 570 | -940 | 847 | 1 390 | 1 912 | | EPS ( $) | 2,51 | 2,32 | -1,46 | 1,21 | 2,01 | 2,47 | | Dividend per Share ( $) | 0,30 | 0,34 | 0,35 | 0,36 | 0,35 | 0,38 | | Yield | 1,44% | 1,63% | 1,69% | 1,71% | 1,70% | 1,84% | | Announcement Date | 02/22/2011 09:01pm | 02/21/2012 10:20pm | 02/21/2013 12:01pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 12 538 | 10 275 | 12 333 | 15 424 | 17 044 | 19 701 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 5 083 | 5 406 | 3 754 | 4 996 | 5 829 | 6 271 | Leverage (Debt/EBITDA) | 2,47x | 1,90x | 3,29x | 3,09x | 2,92x | 3,14x | | Capital Expenditure | 6 568 | 6 983 | 5 812 | 6 960 | 7 299 | 7 189 | | Book Value Per Share (BVPS) | 23,3 $ | 25,2 $ | 23,5 $ | 20,6 $ | 22,1 $ | 24,5 $ | | Cash Flow per Share | 7,25 $ | 7,85 $ | 4,42 $ | 5,94 $ | 6,74 $ | 7,73 $ | | Announcement Date | 02/22/2011 09:01pm | 02/21/2012 10:20pm | 02/21/2013 12:01pm | - | - | - |
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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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17,3x |
10,4x |
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Capitalization / Revenue
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1,06x |
1,02x |
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EV / Revenue
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2,24x |
2,28x |
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EV / EBITDA
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5,87x |
5,31x |
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Yield (DPS / Price)
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1,71% |
1,70% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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16,4% |
21,4% |
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operating laverage (Delta EBIT / Delta Sales)
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13,5x |
10,3x |
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Net Margin (Net Profit / Revenue)
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6,45% |
10,3% |
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ROA (Net Profit / Asset)
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3,38% |
4,59% |
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ROE (Net Profit / Equities)
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7,16% |
10,5% |
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Rate of Dividend
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29,5% |
17,7% |
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