| 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 | 12 150 | 21 125 | 22 761 | 24 637 | 25 790 | 25 824 | | Operating income (EBITDA) | 1 853 | 2 022 | 1 559 | 1 922 | 2 026 | 2 252 | | Operating profit (EBIT) | 1 146 | 1 103 | 1 054 | 1 214 | 1 302 | 1 472 | | Pre-Tax Profit (EBT) | - | 1 239 | 685 | 936 | 1 097 | 1 237 | | Net income | 1 014 | 933 | 410 | 743 | 835 | 895 | | EPS ( $) | 0,80 | 0,71 | 0,32 | 0,66 | 0,72 | 0,74 | | Dividend per Share ( $) | - | 0,37 | 0,18 | 0,26 | 0,27 | 0,32 | | Yield | - | 2,69% | 1,31% | 1,92% | 1,95% | 2,33% | | Announcement Date | 03/31/2011 04:50pm | 03/09/2012 09:17pm | 03/14/2013 11:37pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 3 160 | 4 087 | 5 697 | 5 531 | 5 054 | 4 724 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 853 | 2 022 | 1 559 | 1 922 | 2 026 | 2 252 | Leverage (Debt/EBITDA) | 1,71x | 2,02x | 3,65x | 2,88x | 2,49x | 2,10x | | Capital Expenditure | 707 | 1 904 | 1 684 | 698 | 592 | 627 | | Book Value Per Share (BVPS) | - | 7,08 $ | 7,63 $ | 8,00 $ | 8,21 $ | 8,57 $ | | Cash Flow per Share | 1,15 $ | 0,94 $ | 0,90 $ | 0,80 $ | 1,04 $ | 1,25 $ | | Announcement Date | 03/31/2011 04:50pm | 03/09/2012 09:17pm | 03/14/2013 11:37pm | - | - | - |
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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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20,9x |
19,0x |
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Capitalization / Revenue
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0,73x |
0,69x |
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EV / Revenue
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0,95x |
0,89x |
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EV / EBITDA
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12,2x |
11,3x |
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Yield (DPS / Price)
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1,92% |
1,95% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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4,93% |
5,05% |
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operating laverage (Delta EBIT / Delta Sales)
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1,84x |
1,55x |
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Net Margin (Net Profit / Revenue)
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3,01% |
3,24% |
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ROA (Net Profit / Asset)
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3,31% |
3,56% |
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ROE (Net Profit / Equities)
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6,99% |
7,72% |
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Rate of Dividend
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40,2% |
37,1% |
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