| 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 | 6 296 | 6 161 | 6 159 | 6 305 | 6 418 | 6 605 | | Operating income (EBITDA) | 2 363 | 2 408 | 2 403 | 2 454 | 2 426 | 2 485 | | Operating profit (EBIT) | 1 708 | 1 802 | 1 739 | 1 768 | 1 720 | 1 759 | | Pre-Tax Profit (EBT) | 1 615 | 2 228 | 1 575 | 1 531 | 1 465 | 1 522 | | Net income | 1 354 | 1 769 | 1 409 | 1 140 | 1 111 | 1 150 | | EPS ( €) | 1,46 | 1,99 | 1,59 | 1,28 | 1,24 | 1,27 | | Dividend per Share ( €) | 1,00 | 1,00 | 1,00 | 1,00 | 0,96 | 0,90 | | Yield | 6,63% | 6,63% | 6,63% | 6,60% | 6,35% | 5,99% | | Announcement Date | 02/01/2011 07:05am | 02/01/2012 07:00am | 01/31/2013 07:30am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 6 235 | 7 039 | 7 814 | 7 998 | 7 935 | 7 863 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 2 363 | 2 408 | 2 403 | 2 454 | 2 426 | 2 485 | Leverage (Debt/EBITDA) | 2,64x | 2,92x | 3,25x | 3,26x | 3,27x | 3,16x | | Capital Expenditure | 1 134 | 1 285 | 1 422 | 1 196 | 1 024 | 898 | | Book Value Per Share (BVPS) | 9,37 € | 10,8 € | 11,5 € | 11,8 € | 12,0 € | 12,4 € | | Cash Flow per Share | 1,61 € | 1,82 € | 1,56 € | 2,03 € | 2,00 € | 2,01 € | | Announcement Date | 02/01/2011 07:05am | 02/01/2012 07:00am | 01/31/2013 07:30am | - | - | - |
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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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11,8x |
12,2x |
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Capitalization / Revenue
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2,13x |
2,09x |
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EV / Revenue
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3,39x |
3,33x |
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EV / EBITDA
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8,72x |
8,80x |
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Yield (DPS / Price)
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6,60% |
6,35% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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28,0% |
26,8% |
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operating laverage (Delta EBIT / Delta Sales)
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0,71x |
- |
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Net Margin (Net Profit / Revenue)
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18,1% |
17,3% |
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ROA (Net Profit / Asset)
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6,19% |
6,04% |
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ROE (Net Profit / Equities)
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11,1% |
10,4% |
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Rate of Dividend
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77,8% |
77,5% |
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