| Income Statement Evolution | |
|
|
| Annual Income Statement Data |
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 18 982 | 20 880 | 18 010 | 20 685 | 22 190 | 23 007 | | Operating income (EBITDA) | 10 104 | 10 162 | 6 986 | 8 814 | 10 122 | 9 565 | | Operating profit (EBIT) | 9 068 | 9 140 | 5 807 | 7 119 | 8 322 | 7 698 | | Pre-Tax Profit (EBT) | - | 8 818 | 5 487 | - | - | - | | Net income | 4 273 | 4 560 | 3 041 | 3 490 | 4 556 | 3 745 | | EPS ( $) | 4,57 | 4,78 | 3,19 | 3,64 | 4,78 | 3,84 | | Dividend per Share ( $) | 1,13 | 1,50 | 1,25 | 1,26 | 1,28 | 1,29 | | Yield | 3,55% | 4,74% | 3,95% | 3,96% | 4,04% | 4,08% | | Announcement Date | 01/20/2011 01:00pm | 01/19/2012 01:00pm | 01/22/2013 01:00pm | - | - | - |
|
|
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 1 017 | - | - | 788 | 319 | - | | Finance | - | 1 285 | 178 | - | - | 1 330 | | Operating income (EBITDA) | 10 104 | 10 162 | 6 986 | 8 814 | 10 122 | 9 565 | Leverage (Debt/EBITDA) | 0,10x | - | - | 0,09x | 0,03x | - | | Capital Expenditure | 1 412 | 2 534 | 3 494 | 4 445 | 4 384 | 2 848 | | Book Value Per Share (BVPS) | 6,62 $ | 16,5 $ | 18,5 $ | 22,1 $ | 25,3 $ | 26,4 $ | | Cash Flow per Share | 6,62 $ | 6,93 $ | 3,96 $ | 7,62 $ | 7,65 $ | 7,43 $ | | Announcement Date | 01/20/2011 01:00pm | 01/19/2012 01:00pm | 01/22/2013 01:00pm | - | - | - |
|
Assessed data source : © 2013 Thomson Reuters |
|
|
|
|
|
|
Valuation |
2013e |
2014e |
|
PER (Price / EPS)
|
8,70x |
6,63x |
|
Capitalization / Revenue
|
1,45x |
1,36x |
|
EV / Revenue
|
1,49x |
1,37x |
|
EV / EBITDA
|
3,50x |
3,00x |
|
Yield (DPS / Price)
|
3,96% |
4,04% |
| Profitability |
2013e |
2014e |
|
Operating Margin (EBIT / Sales)
|
34,4% |
37,5% |
|
operating laverage (Delta EBIT / Delta Sales)
|
1,52x |
2,32x |
|
Net Margin (Net Profit / Revenue)
|
16,9% |
20,5% |
|
ROA (Net Profit / Asset)
|
11,8% |
13,4% |
|
ROE (Net Profit / Equities)
|
18,2% |
19,1% |
|
Rate of Dividend
|
34,5% |
26,8% |
|
|
|