| 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 | 5 842 | 7 178 | 8 102 | 9 375 | 9 859 | 10 327 | | Operating income (EBITDA) | 1 189 | 1 286 | 1 679 | 2 061 | 2 197 | 2 351 | | Operating profit (EBIT) | 909 | 1 013 | 1 319 | 1 632 | 1 765 | 1 872 | | Pre-Tax Profit (EBT) | - | - | 649 | - | - | - | | Net income | 438 | 696 | 437 | 989 | 1 070 | 1 216 | | EPS ( $) | 2,96 | 4,86 | 2,93 | 6,33 | 7,01 | 7,78 | | Dividend per Share ( $) | 0,90 | 0,99 | 1,08 | 1,16 | 1,26 | 1,31 | | Yield | 1,22% | 1,35% | 1,47% | 1,58% | 1,72% | 1,78% | | Announcement Date | 01/31/2011 10:11pm | 01/26/2012 10:11pm | 01/31/2013 10:29pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 1 088 | 821 | 4 534 | 3 913 | 3 017 | 2 566 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 189 | 1 286 | 1 679 | 2 061 | 2 197 | 2 351 | Leverage (Debt/EBITDA) | 0,92x | 0,64x | 2,70x | 1,90x | 1,37x | 1,09x | | Capital Expenditure | 243 | 457 | 465 | 515 | 532 | 542 | | Book Value Per Share (BVPS) | 11,5 $ | 13,7 $ | 19,1 $ | 24,9 $ | 31,7 $ | 40,3 $ | | Cash Flow per Share | 3,89 $ | 4,37 $ | 7,56 $ | 8,05 $ | 9,35 $ | 10,4 $ | | Announcement Date | 01/31/2011 10:11pm | 01/26/2012 10:11pm | 01/31/2013 10:29pm | - | - | - |
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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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11,6x |
10,5x |
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Capitalization / Revenue
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1,21x |
1,15x |
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EV / Revenue
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1,63x |
1,46x |
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EV / EBITDA
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7,41x |
6,54x |
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Yield (DPS / Price)
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1,58% |
1,72% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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17,4% |
17,9% |
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operating laverage (Delta EBIT / Delta Sales)
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1,51x |
1,58x |
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Net Margin (Net Profit / Revenue)
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10,5% |
10,8% |
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ROA (Net Profit / Asset)
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11,1% |
11,5% |
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ROE (Net Profit / Equities)
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26,0% |
22,3% |
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Rate of Dividend
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18,4% |
18,0% |
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