| 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 | 1 428 | 1 827 | 2 409 | 2 590 | 2 854 | 3 078 | | Operating income (EBITDA) | 812 | 957 | 1 191 | 1 377 | 1 589 | 1 732 | | Operating profit (EBIT) | 672 | 788 | 953 | 1 085 | 1 264 | 1 454 | | Pre-Tax Profit (EBT) | 770 | 605 | - | 749 | 936 | 1 142 | | Net income | 590 | 383 | 422 | 453 | 618 | 757 | | EPS ( BRL) | 1,12 | 0,68 | 0,76 | 0,89 | 1,10 | 1,42 | | Dividend per Share ( BRL) | - | 0,51 | - | 0,50 | 0,60 | 0,52 | | Yield | - | 3,14% | - | 3,09% | 3,68% | 3,20% | | Announcement Date | 03/23/2011 08:52pm | 03/15/2012 06:01pm | 03/18/2013 11:15pm | - | - | - |
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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 | 899 | 1 004 | 2 258 | 2 490 | 2 473 | 2 221 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 812 | 957 | 1 191 | 1 377 | 1 589 | 1 732 | Leverage (Debt/EBITDA) | 1,11x | 1,05x | 1,90x | 1,81x | 1,56x | 1,28x | | Capital Expenditure | 255 | 382 | 504 | 671 | 589 | 371 | | Book Value Per Share (BVPS) | 2,36 BRL | 3,37 BRL | 3,77 BRL | 4,19 BRL | 4,72 BRL | 5,44 BRL | | Cash Flow per Share | 1,82 BRL | 1,11 BRL | 1,25 BRL | 1,50 BRL | 1,67 BRL | 1,92 BRL | | Announcement Date | 03/23/2011 08:52pm | 03/15/2012 06:01pm | 03/18/2013 11:15pm | - | - | - |
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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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18,3x |
14,7x |
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Capitalization / Revenue
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3,51x |
3,18x |
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EV / Revenue
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4,47x |
4,05x |
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EV / EBITDA
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8,40x |
7,27x |
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Yield (DPS / Price)
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3,09% |
3,68% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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41,9% |
44,3% |
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operating laverage (Delta EBIT / Delta Sales)
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1,84x |
1,63x |
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Net Margin (Net Profit / Revenue)
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17,5% |
21,7% |
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ROA (Net Profit / Asset)
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6,30% |
6,40% |
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ROE (Net Profit / Equities)
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23,5% |
24,3% |
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Rate of Dividend
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56,5% |
54,3% |
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