| 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 | 7 428 | 8 284 | 8 062 | 8 259 | 8 596 | 8 989 | | Operating income (EBITDA) | 1 172 | 1 381 | 1 352 | 1 380 | 1 444 | 1 531 | | Operating profit (EBIT) | 908 | 1 060 | 1 017 | 1 052 | 1 108 | 1 175 | | Pre-Tax Profit (EBT) | - | - | 837 | - | - | - | | Net income | 624 | 749 | 677 | 600 | 698 | 770 | | EPS ( $) | 1,83 | 2,29 | 2,25 | 2,25 | 2,77 | 3,23 | | Dividend per Share ( $) | 0,30 | 0,51 | 0,64 | 0,80 | 0,92 | 1,09 | | Yield | 0,79% | 1,33% | 1,67% | 2,10% | 2,39% | 2,86% | | Announcement Date | 02/11/2011 12:30pm | 02/09/2012 11:30am | 02/07/2013 12:30pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 1 965 | 2 328 | 2 745 | 3 437 | 3 794 | 4 096 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 172 | 1 381 | 1 352 | 1 380 | 1 444 | 1 531 | Leverage (Debt/EBITDA) | 1,68x | 1,69x | 2,03x | 2,49x | 2,63x | 2,67x | | Capital Expenditure | 291 | 376 | 378 | 365 | 371 | 376 | | Book Value Per Share (BVPS) | 9,45 $ | 9,51 $ | 9,55 $ | 7,16 $ | 7,21 $ | 7,57 $ | | Cash Flow per Share | 2,43 $ | 2,64 $ | 3,15 $ | 3,13 $ | 3,83 $ | 4,53 $ | | Announcement Date | 02/11/2011 12:30pm | 02/09/2012 11:30am | 02/07/2013 12:30pm | - | - | - |
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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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17,0x |
13,8x |
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Capitalization / Revenue
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1,27x |
1,22x |
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EV / Revenue
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1,68x |
1,66x |
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EV / EBITDA
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10,1x |
9,88x |
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Yield (DPS / Price)
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2,10% |
2,39% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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12,7% |
12,9% |
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operating laverage (Delta EBIT / Delta Sales)
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1,41x |
1,30x |
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Net Margin (Net Profit / Revenue)
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7,27% |
8,12% |
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ROA (Net Profit / Asset)
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7,47% |
8,43% |
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ROE (Net Profit / Equities)
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28,0% |
36,6% |
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Rate of Dividend
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35,7% |
33,0% |
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