| 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 | 3 323 | 3 322 | 2 987 | 3 041 | 3 920 | 4 398 | | Operating income (EBITDA) | 2 256 | 1 654 | 1 339 | 1 276 | 1 921 | 2 144 | | Operating profit (EBIT) | 1 391 | 1 255 | 946 | 885 | 1 478 | 1 682 | | Pre-Tax Profit (EBT) | 1 336 | - | 918 | - | - | - | | Net income | 955 | 963 | 720 | 641 | 1 024 | 1 160 | | EPS ( $) | 6,87 | 6,92 | 5,18 | 4,61 | 7,33 | 8,31 | | Dividend per Share ( $) | 5,25 | 3,51 | 3,51 | 3,50 | 3,50 | 3,55 | | Yield | 7,25% | 4,85% | 4,85% | 4,83% | 4,83% | 4,90% | | Announcement Date | 02/03/2011 12:00pm | 02/02/2012 11:00am | 02/05/2013 11:00am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 419 | 260 | 10,5 | 1 320 | 1 773 | 1 266 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 2 256 | 1 654 | 1 339 | 1 276 | 1 921 | 2 144 | Leverage (Debt/EBITDA) | 0,19x | 0,16x | 0,01x | 1,03x | 0,92x | 0,59x | | Capital Expenditure | 434 | 775 | 702 | 1 512 | 1 279 | 643 | | Book Value Per Share (BVPS) | 27,8 $ | 31,2 $ | 32,9 $ | 34,3 $ | 38,4 $ | 44,0 $ | | Cash Flow per Share | 9,22 $ | 10,2 $ | 9,43 $ | 7,91 $ | 10,3 $ | 11,0 $ | | Announcement Date | 02/03/2011 12:00pm | 02/02/2012 11:00am | 02/05/2013 11:00am | - | - | - |
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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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15,7x |
9,88x |
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Capitalization / Revenue
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3,31x |
2,57x |
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EV / Revenue
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3,74x |
3,02x |
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EV / EBITDA
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8,92x |
6,16x |
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Yield (DPS / Price)
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4,83% |
4,83% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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29,1% |
37,7% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
2,32x |
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Net Margin (Net Profit / Revenue)
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21,1% |
26,1% |
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ROA (Net Profit / Asset)
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13,0% |
12,0% |
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ROE (Net Profit / Equities)
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13,5% |
19,0% |
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Rate of Dividend
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75,9% |
47,8% |
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