| 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 | 20 849 | 23 381 | 27 577 | 29 240 | 30 235 | 30 564 | | Operating income (EBITDA) | 948 | 1 187 | 1 361 | 1 384 | 1 453 | 1 571 | | Operating profit (EBIT) | 757 | 985 | 1 149 | 1 176 | 1 286 | 1 324 | | Pre-Tax Profit (EBT) | - | - | 734 | - | - | - | | Net income | 358 | 594 | 456 | 676 | 751 | 823 | | EPS ( $) | 2,01 | 3,40 | 2,71 | 4,15 | 4,70 | 5,31 | | Dividend per Share ( $) | 0,50 | 0,50 | 0,64 | 0,67 | 0,74 | 0,84 | | Yield | 0,80% | 0,80% | 1,03% | 1,07% | 1,18% | 1,34% | | Announcement Date | 02/23/2011 02:00pm | 02/22/2012 09:05pm | 02/20/2013 09:05pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | - | - | - | - | - | - | | Finance | 2 214 | 1 628 | 1 751 | 1 809 | 2 161 | 2 418 | | Operating income (EBITDA) | 948 | 1 187 | 1 361 | 1 384 | 1 453 | 1 571 | Leverage (Debt/EBITDA) | - | - | - | - | - | - | | Capital Expenditure | 265 | 338 | 255 | 306 | 340 | 318 | | Book Value Per Share (BVPS) | 19,8 $ | 20,1 $ | 20,6 $ | 23,9 $ | 28,1 $ | 32,5 $ | | Cash Flow per Share | 3,04 $ | 3,16 $ | 3,73 $ | 5,58 $ | 6,08 $ | 6,35 $ | | Announcement Date | 02/23/2011 02:00pm | 02/22/2012 09:05pm | 02/20/2013 09:05pm | - | - | - |
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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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15,0x |
13,2x |
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Capitalization / Revenue
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0,35x |
0,34x |
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EV / Revenue
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0,28x |
0,26x |
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EV / EBITDA
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6,02x |
5,49x |
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Yield (DPS / Price)
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1,07% |
1,18% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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4,02% |
4,25% |
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operating laverage (Delta EBIT / Delta Sales)
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0,39x |
2,75x |
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Net Margin (Net Profit / Revenue)
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2,31% |
2,49% |
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ROA (Net Profit / Asset)
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9,15% |
9,37% |
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ROE (Net Profit / Equities)
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18,4% |
17,7% |
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Rate of Dividend
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16,1% |
15,7% |
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