Income Statement Evolution | |
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Annual Income Statement Data |
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Actuals in M € |
Estimates in M € |
Fiscal Period December |
2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Sales | 3 459 | 3 632 | 4 520 | 4 967 | 5 048 | 5 197 | EBITDA | 1 154 | 1 015 | 1 275 | 1 416 | 1 443 | 1 508 | Operating profit (EBIT) | 808 | 644 | 811 | 947 | 1 015 | 1 137 | Pre-Tax Profit (EBT) | -305 | 595 | 1 111 | 997 | 1 117 | 1 288 | Net income | 4 138 | 496 | 866 | 829 | 977 | 1 134 | P/E ratio | 2,99 | 26,0 | 16,8 | 19,5 | 16,5 | 14,2 | EPS ( € ) | 4,66 | 0,56 | 0,98 | 0,93 | 1,10 | 1,28 | Dividend per Share ( € ) | 1,30 | 1,10 | 1,10 | 1,08 | 1,08 | 1,09 | Yield | 9,34% | 7,55% | 6,67% | 5,96% | 5,98% | 6,03% | Reference price ( € ) | 13.92 | 14.57 | 16.5 | 18.13 | 18.13 | 18.13 | Announcement Date | 02/03/2016 02:00pm | 02/02/2017 08:05am | 02/02/2018 07:01am | - | - | - |
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Actuals in M € |
Estimates in M € |
Fiscal Period December |
2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Debt | - | - | 988 | 4 771 | 4 733 | 4 912 | Finance | 2 195 | 48,0 | - | - | - | - | Operating income (EBITDA) | 1 154 | 1 015 | 1 275 | 1 416 | 1 443 | 1 508 | Leverage (Debt/EBITDA) | - | - | 0,77x | 3,37x | 3,28x | 3,26x | Capital Expenditure | 527 | 599 | 657 | 1 485 | 594 | 541 | Book Value Per Share (BVPS) | 15,5 € | 15,2 € | 14,7 € | 14,5 € | 14,6 € | 14,7 € | Cash Flow per Share | 1,38 € | 0,70 € | 1,12 € | 1,29 € | 1,49 € | 1,58 € | Announcement Date | 02/03/2016 02:00pm | 02/02/2017 08:05am | 02/02/2018 07:01am | - | - | - |
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Assessed data source : © 2018 Thomson Reuters |
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Valuation |
2018e |
2019e |
P/E ratio (Price / EPS)
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19,5x |
16,5x |
Capitalization / Revenue |
3,24x |
3,19x |
EV / Revenue |
4,20x |
4,13x |
EV / EBITDA |
14,7x |
14,4x |
Yield (DPS / Price)
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5,96% |
5,98% |
Price to book
(Price / BVPS)
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1,25x |
1,24x |
Profitability |
2018e |
2019e |
Operating Margin (EBIT / Sales)
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19,1% |
20,1% |
operating Leverage (Delta EBIT / Delta Sales)
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1,70x |
4,44x |
Net Margin (Net Profit / Revenue)
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16,7% |
19,4% |
ROA (Net Profit / Asset)
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4,17% |
4,77% |
ROE (Net Profit / Equities)
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6,14% |
7,35% |
Rate of Dividend |
116% |
98,5% |
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