| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M BRL |
Estimates in M BRL |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 4 890 | 6 127 | 5 838 | 6 253 | 6 388 | 6 084 | | Operating income (EBITDA) | 808 | 852 | 1 046 | 1 189 | 1 253 | 1 269 | | Operating profit (EBIT) | 799 | 731 | 921 | 1 073 | 1 141 | 1 111 | | Pre-Tax Profit (EBT) | 814 | 780 | 940 | 1 055 | 1 214 | 1 396 | | Net income | 600 | 498 | 660 | 803 | 941 | 1 102 | | EPS ( BRL) | 1,42 | 1,21 | 1,58 | 2,02 | 2,31 | 2,60 | | Dividend per Share ( BRL) | - | 0,29 | 0,38 | 0,52 | 0,81 | 1,19 | | Yield | - | 1,59% | 2,08% | 2,84% | 4,44% | 6,53% | | Announcement Date | 03/29/2011 12:04am | 03/27/2012 03:19am | 03/22/2013 09:14am | - | - | - |
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Actuals in M BRL |
Estimates in M BRL |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 2 257 | 3 468 | 2 465 | 2 107 | 1 441 | 664 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 808 | 852 | 1 046 | 1 189 | 1 253 | 1 269 | Leverage (Debt/EBITDA) | 2,79x | 4,07x | 2,36x | 1,77x | 1,15x | 0,52x | | Capital Expenditure | 41,0 | 163 | 92,7 | 41,5 | 39,5 | 32,3 | | Book Value Per Share (BVPS) | 10,2 BRL | 11,1 BRL | 12,2 BRL | 13,3 BRL | 14,4 BRL | 15,5 BRL | | Cash Flow per Share | -0,58 BRL | - | 1,81 BRL | 0,20 BRL | 2,76 BRL | 1,73 BRL | | Announcement Date | 03/29/2011 12:04am | 03/27/2012 03:19am | 03/22/2013 09:14am | - | - | - |
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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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9,06x |
7,90x |
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Capitalization / Revenue
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1,22x |
1,19x |
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EV / Revenue
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1,56x |
1,42x |
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EV / EBITDA
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8,18x |
7,23x |
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Yield (DPS / Price)
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2,84% |
4,44% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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17,2% |
17,9% |
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operating laverage (Delta EBIT / Delta Sales)
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2,31x |
2,90x |
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Net Margin (Net Profit / Revenue)
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12,8% |
14,7% |
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ROA (Net Profit / Asset)
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5,42% |
5,03% |
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ROE (Net Profit / Equities)
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14,9% |
15,2% |
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Rate of Dividend
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25,7% |
35,1% |
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