| 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 May |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 12 709 | 12 303 | 13 263 | 15 606 | 18 690 | 19 093 | | Operating income (EBITDA) | 1 652 | 1 621 | 1 708 | 2 023 | 2 498 | 2 657 | | Operating profit (EBIT) | 1 325 | 1 312 | 1 336 | 1 564 | 1 896 | 2 039 | | Pre-Tax Profit (EBT) | - | - | 625 | - | - | - | | Net income | 726 | 817 | 468 | 853 | 1 032 | 1 136 | | EPS ( $) | 1,63 | 1,88 | 1,12 | 2,09 | 2,38 | 2,69 | | Dividend per Share ( $) | 0,79 | - | 0,95 | 0,99 | 1,01 | 1,05 | | Yield | 2,20% | - | 2,64% | 2,76% | 2,80% | 2,93% | | Announcement Date | 06/24/2010 11:31am | 06/23/2011 11:30am | 06/21/2012 11:35am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period May |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 2 534 | 2 261 | 2 834 | 9 626 | 8 721 | 8 069 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 652 | 1 621 | 1 708 | 2 023 | 2 498 | 2 657 | Leverage (Debt/EBITDA) | 1,53x | 1,39x | 1,66x | 4,76x | 3,49x | 3,04x | | Capital Expenditure | 483 | 466 | 337 | 545 | 563 | 635 | | Book Value Per Share (BVPS) | 11,1 $ | 11,5 $ | 10,9 $ | 11,8 $ | 12,6 $ | 14,0 $ | | Cash Flow per Share | 3,23 $ | 3,09 $ | 2,51 $ | 3,63 $ | 3,99 $ | 4,34 $ | | Announcement Date | 06/24/2010 11:31am | 06/23/2011 11:30am | 06/21/2012 11:35am | - | - | - |
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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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0,96x |
0,80x |
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EV / Revenue
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1,58x |
1,27x |
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EV / EBITDA
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12,2x |
9,49x |
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Yield (DPS / Price)
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2,76% |
2,80% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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10,0% |
10,1% |
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operating laverage (Delta EBIT / Delta Sales)
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0,97x |
1,08x |
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Net Margin (Net Profit / Revenue)
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5,47% |
5,52% |
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ROA (Net Profit / Asset)
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6,50% |
6,35% |
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ROE (Net Profit / Equities)
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19,9% |
23,0% |
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Rate of Dividend
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47,5% |
42,4% |
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