| 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 | 84 478 | 90 673 | 97 038 | 80 721 | 82 213 | 81 761 | | Operating income (EBITDA) | 15 086 | 16 525 | 17 026 | 13 816 | 14 139 | 14 350 | | Operating profit (EBIT) | 9 497 | 9 684 | 9 520 | 7 796 | 8 058 | 8 261 | | Pre-Tax Profit (EBT) | 7 575 | 7 539 | 4 377 | 5 751 | 6 127 | 6 382 | | Net income | 4 616 | 4 003 | 1 550 | 3 143 | 3 241 | 3 430 | | EPS ( €) | 2,10 | 1,80 | 0,67 | 1,32 | 1,36 | 1,28 | | Dividend per Share ( €) | 1,50 | 1,50 | 1,50 | 1,47 | 1,45 | 1,37 | | Yield | 9,03% | 9,03% | 9,03% | 8,84% | 8,72% | 8,28% | | Announcement Date | 03/03/2011 06:00am | 02/09/2012 06:26am | 02/28/2013 06:34am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | - | 37 601 | 43 900 | 33 682 | 31 374 | 30 551 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 15 086 | 16 525 | 17 026 | 13 816 | 14 139 | 14 350 | Leverage (Debt/EBITDA) | - | 2,28x | 2,58x | 2,44x | 2,22x | 2,13x | | Capital Expenditure | 11 906 | 10 748 | 9 177 | 7 834 | 7 925 | 7 484 | | Book Value Per Share (BVPS) | 27,6 € | 28,0 € | 24,7 € | 26,1 € | 25,9 € | 25,6 € | | Cash Flow per Share | - | 6,20 € | 5,64 € | 4,11 € | 4,52 € | 4,25 € | | Announcement Date | 03/03/2011 06:00am | 02/09/2012 06:26am | 02/28/2013 06:34am | - | - | - |
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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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12,5x |
12,2x |
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Capitalization / Revenue
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0,50x |
0,49x |
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EV / Revenue
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0,92x |
0,87x |
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EV / EBITDA
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5,35x |
5,06x |
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Yield (DPS / Price)
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8,84% |
8,72% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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9,66% |
9,80% |
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operating laverage (Delta EBIT / Delta Sales)
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-1,08x |
1,82x |
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Net Margin (Net Profit / Revenue)
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3,89% |
3,94% |
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ROA (Net Profit / Asset)
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2,46% |
2,91% |
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ROE (Net Profit / Equities)
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5,13% |
5,53% |
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Rate of Dividend
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111% |
107% |
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