| 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 | 37 937 | 55 842 | 62 570 | 64 160 | 68 099 | 70 881 | | Operating income (EBITDA) | 14 672 | 18 529 | 19 977 | 21 111 | 22 342 | 23 480 | | Operating profit (EBIT) | 8 056 | 10 893 | 12 179 | 13 274 | 14 391 | 15 721 | | Pre-Tax Profit (EBT) | - | - | 11 609 | - | - | - | | Net income | 3 635 | 4 160 | 6 203 | 6 450 | 7 209 | 8 177 | | EPS ( $) | 1,29 | 1,50 | 2,28 | 2,44 | 2,77 | 3,28 | | Dividend per Share ( $) | 0,38 | 0,45 | 0,65 | 0,77 | 0,88 | 0,99 | | Yield | 0,90% | 1,07% | 1,55% | 1,84% | 2,09% | 2,35% | | Announcement Date | 02/16/2011 12:00pm | 02/15/2012 12:00pm | 02/12/2013 09:32pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 25 431 | 37 689 | 29 507 | 38 872 | 35 218 | 31 790 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 14 672 | 18 529 | 19 977 | 21 111 | 22 342 | 23 480 | Leverage (Debt/EBITDA) | 1,73x | 2,03x | 1,48x | 1,84x | 1,58x | 1,35x | | Capital Expenditure | 4 961 | 5 307 | 5 714 | 6 522 | 6 513 | 6 646 | | Book Value Per Share (BVPS) | 16,0 $ | 17,5 $ | 18,7 $ | 19,9 $ | 21,2 $ | 23,2 $ | | Cash Flow per Share | 3,96 $ | 5,16 $ | 5,47 $ | 5,75 $ | 6,12 $ | 6,68 $ | | Announcement Date | 02/16/2011 12:00pm | 02/15/2012 12:00pm | 02/12/2013 09:32pm | - | - | - |
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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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17,2x |
15,1x |
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Capitalization / Revenue
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1,71x |
1,61x |
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EV / Revenue
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2,31x |
2,13x |
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EV / EBITDA
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7,03x |
6,48x |
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Yield (DPS / Price)
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1,84% |
2,09% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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20,7% |
21,1% |
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operating laverage (Delta EBIT / Delta Sales)
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3,54x |
1,37x |
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Net Margin (Net Profit / Revenue)
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10,1% |
10,6% |
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ROA (Net Profit / Asset)
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4,70% |
5,19% |
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ROE (Net Profit / Equities)
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12,4% |
13,0% |
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Rate of Dividend
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31,8% |
31,6% |
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