| 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 January |
2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| Sales | 9 474 | 9 551 | 8 887 | 8 650 | 9 233 | 9 824 | | Operating income (EBITDA) | 837 | 837 | 816 | 761 | 825 | 868 | | Operating profit (EBIT) | 663 | 651 | 639 | 586 | 641 | 710 | | Pre-Tax Profit (EBT) | - | 549 | -44,9 | - | - | - | | Net income | 408 | 340 | -270 | 357 | 405 | 451 | | EPS ( $) | 2,65 | 2,41 | -2,13 | 3,26 | 3,69 | 4,24 | | Dividend per Share ( $) | - | - | 0,80 | 0,61 | 1,28 | - | | Yield | - | - | 2,01% | 1,52% | 3,23% | - | | Announcement Date | 03/24/2011
12:30pm | 03/22/2012
12:30pm | 03/28/2013
12:30pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period January |
2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| Debt | - | - | - | 503 | - | - | | Finance | 462 | 655 | 636 | - | - | - | | Operating income (EBITDA) | 837 | 837 | 816 | 761 | 825 | 868 | Leverage
(Debt/EBITDA) | - | - | - | 0,66x | - | - | | Capital Expenditure | 198 | 165 | 140 | 134 | 129 | 148 | | Book Value Per Share (BVPS) | 18,3 $ | 22,2 $ | 19,3 $ | 20,9 $ | 23,5 $ | 25,0 $ | | Cash Flow per Share | 3,84 $ | 4,43 $ | 5,00 $ | 4,71 $ | 4,84 $ | 5,58 $ | | Announcement Date | 03/24/2011
12:30pm | 03/22/2012
12:30pm | 03/28/2013
12:30pm | - | - | - |
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Assessed data source :
© 2013 Thomson Reuters |
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Valuation |
2014e |
2015e |
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PER (Price / EPS)
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12,2x |
10,8x |
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Capitalization / Revenue
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0,54x |
0,51x |
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EV / Revenue
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0,60x |
0,51x |
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EV / EBITDA
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6,82x |
5,68x |
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Yield (DPS / Price)
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1,52% |
3,23% |
| Profitability |
2014e |
2015e |
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Operating Margin (EBIT / Sales)
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6,77% |
6,94% |
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operating laverage (Delta EBIT / Delta Sales)
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-3,13x |
1,39x |
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Net Margin (Net Profit / Revenue)
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4,13% |
4,38% |
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ROA (Net Profit / Asset)
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9,30% |
9,30% |
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ROE (Net Profit / Equities)
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15,5% |
18,8% |
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Rate of Dividend
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18,6% |
34,8% |
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