| 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 | 2 401 | 2 841 | 3 484 | 3 821 | 4 264 | 4 761 | | Operating income (EBITDA) | 765 | 996 | 1 236 | 1 348 | 1 517 | 1 725 | | Operating profit (EBIT) | 668 | 885 | 1 119 | 1 217 | 1 364 | 1 545 | | Pre-Tax Profit (EBT) | 656 | 898 | 1 100 | 1 224 | 1 379 | 1 540 | | Net income | 422 | 594 | 740 | 807 | 909 | 1 027 | | EPS ( €) | 4,00 | 5,66 | 7,07 | 7,62 | 8,57 | 9,67 | | Dividend per Share ( €) | 1,50 | 2,00 | 2,50 | 2,93 | 3,34 | 3,81 | | Yield | 0,53% | 0,71% | 0,89% | 1,04% | 1,19% | 1,35% | | Announcement Date | 03/04/2011 09:58am | 03/21/2012 09:45pm | 03/21/2013 06:10am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | - | - | - | - | - | - | | Finance | 800 | 1 010 | 642 | 1 249 | 1 693 | 2 178 | | Operating income (EBITDA) | 765 | 996 | 1 236 | 1 348 | 1 517 | 1 725 | Leverage (Debt/EBITDA) | - | - | - | - | - | - | | Capital Expenditure | 114 | 165 | 240 | 245 | 261 | 272 | | Book Value Per Share (BVPS) | 20,5 € | 21,9 € | 22,2 € | 28,4 € | 33,9 € | 39,5 € | | Cash Flow per Share | 6,30 € | 7,01 € | 7,37 € | 8,91 € | 10,2 € | 11,4 € | | Announcement Date | 03/04/2011 09:58am | 03/21/2012 09:45pm | 03/21/2013 06:10am | - | - | - |
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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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36,9x |
32,8x |
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Capitalization / Revenue
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7,75x |
6,95x |
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EV / Revenue
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7,43x |
6,55x |
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EV / EBITDA
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21,1x |
18,4x |
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Yield (DPS / Price)
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1,04% |
1,19% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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31,8% |
32,0% |
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operating laverage (Delta EBIT / Delta Sales)
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0,90x |
1,04x |
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Net Margin (Net Profit / Revenue)
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21,1% |
21,3% |
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ROA (Net Profit / Asset)
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22,6% |
22,2% |
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ROE (Net Profit / Equities)
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29,9% |
27,9% |
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Rate of Dividend
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38,5% |
39,0% |
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