| 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 | 34 613 | 36 996 | 38 373 | 20 564 | 20 812 | 24 609 | | Operating income (EBITDA) | 6 794 | 6 140 | 7 217 | 7 364 | 7 186 | 7 539 | | Operating profit (EBIT) | 4 705 | 3 734 | 4 268 | 4 687 | 4 133 | 4 260 | | Pre-Tax Profit (EBT) | - | 2 461 | 4 053 | - | - | - | | Net income | 2 125 | 1 703 | 2 217 | 2 524 | 1 944 | 2 252 | | EPS ( $) | 6,47 | 5,01 | 6,52 | 7,79 | 5,87 | 5,88 | | Dividend per Share ( $) | 0,40 | 0,40 | 0,40 | 0,70 | 1,00 | 1,00 | | Yield | 0,57% | 0,57% | 0,57% | 1,01% | 1,44% | 1,44% | | Announcement Date | 01/26/2011 12:09pm | 01/25/2012 12:30pm | 01/30/2013 12:30pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 3 975 | 5 706 | 7 469 | 4 457 | 5 496 | 6 566 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 6 794 | 6 140 | 7 217 | 7 364 | 7 186 | 7 539 | Leverage (Debt/EBITDA) | 0,59x | 0,93x | 1,03x | 0,61x | 0,76x | 0,87x | | Capital Expenditure | 5 492 | 7 006 | 7 795 | 6 609 | 5 527 | 6 102 | | Book Value Per Share (BVPS) | 49,8 $ | 54,5 $ | 61,8 $ | 69,8 $ | 78,3 $ | 82,0 $ | | Cash Flow per Share | 13,8 $ | 14,7 $ | 16,6 $ | 16,6 $ | 16,8 $ | 19,0 $ | | Announcement Date | 01/26/2011 12:09pm | 01/25/2012 12:30pm | 01/30/2013 12:30pm | - | - | - |
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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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8,95x |
11,9x |
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Capitalization / Revenue
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1,16x |
1,15x |
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EV / Revenue
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1,38x |
1,41x |
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EV / EBITDA
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3,85x |
4,09x |
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Yield (DPS / Price)
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1,01% |
1,44% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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22,8% |
19,9% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
- |
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Net Margin (Net Profit / Revenue)
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12,3% |
9,34% |
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ROA (Net Profit / Asset)
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6,21% |
4,44% |
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ROE (Net Profit / Equities)
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9,93% |
8,52% |
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Rate of Dividend
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9,00% |
17,1% |
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