| 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 | 17 973 | 24 829 | 28 503 | 29 689 | 32 625 | 35 234 | | Operating income (EBITDA) | 4 178 | 6 227 | 6 115 | 6 284 | 7 629 | 9 336 | | Operating profit (EBIT) | 3 059 | 4 868 | 4 487 | 4 427 | 5 588 | 6 424 | | Pre-Tax Profit (EBT) | - | 4 449 | 3 822 | - | - | - | | Net income | 1 835 | 2 839 | 2 635 | 2 536 | 3 681 | 4 244 | | EPS ( $) | 2,01 | 3,08 | 2,84 | 2,77 | 3,96 | 4,52 | | Dividend per Share ( $) | 0,36 | 0,36 | 0,36 | 0,48 | 0,54 | 0,56 | | Yield | 0,84% | 0,84% | 0,84% | 1,12% | 1,25% | 1,31% | | Announcement Date | 01/24/2011 11:57am | 01/23/2012 11:57am | 01/25/2013 12:03pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 2 426 | 2 122 | 2 336 | 1 946 | 920 | - | | Finance | - | - | - | - | - | 592 | | Operating income (EBITDA) | 4 178 | 6 227 | 6 115 | 6 284 | 7 629 | 9 336 | Leverage (Debt/EBITDA) | 0,58x | 0,34x | 0,38x | 0,31x | 0,12x | - | | Capital Expenditure | 2 069 | 2 953 | 3 566 | 2 978 | 3 191 | 3 134 | | Book Value Per Share (BVPS) | 11,4 $ | 14,3 $ | 17,0 $ | 19,5 $ | 22,8 $ | 26,6 $ | | Cash Flow per Share | 2,43 $ | 4,00 $ | 3,94 $ | 5,18 $ | 6,09 $ | 6,83 $ | | Announcement Date | 01/24/2011 11:57am | 01/23/2012 11:57am | 01/25/2013 12:03pm | - | - | - |
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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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15,5x |
10,9x |
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Capitalization / Revenue
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1,35x |
1,23x |
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EV / Revenue
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1,42x |
1,26x |
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EV / EBITDA
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6,69x |
5,38x |
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Yield (DPS / Price)
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1,12% |
1,25% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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14,9% |
17,1% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
2,65x |
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Net Margin (Net Profit / Revenue)
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8,54% |
11,3% |
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ROA (Net Profit / Asset)
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11,1% |
14,3% |
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ROE (Net Profit / Equities)
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17,0% |
19,5% |
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Rate of Dividend
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17,4% |
13,6% |
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