| 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 | 9 250 | 11 221 | 11 187 | 11 232 | 11 978 | 12 139 | | Operating income (EBITDA) | 872 | 1 214 | 1 396 | 1 231 | 1 469 | 1 468 | | Operating profit (EBIT) | 468 | 798 | 964 | 817 | 1 031 | 1 014 | | Pre-Tax Profit (EBT) | - | - | - | - | - | - | | Net income | 27,0 | 247 | 363 | 331 | 591 | 581 | | EPS ( $) | 0,11 | 1,02 | 1,51 | 1,37 | 2,39 | 2,40 | | Dividend per Share ( $) | 0,40 | 0,40 | 0,43 | 0,46 | 0,46 | 0,47 | | Yield | 2,05% | 2,05% | 2,21% | 2,35% | 2,36% | 2,39% | | Announcement Date | 02/17/2011 11:29am | 02/16/2012 11:00am | 02/12/2013 11:00am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 3 184 | 3 380 | 3 306 | 2 836 | 2 362 | 1 756 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 872 | 1 214 | 1 396 | 1 231 | 1 469 | 1 468 | Leverage (Debt/EBITDA) | 3,65x | 2,78x | 2,37x | 2,30x | 1,61x | 1,20x | | Capital Expenditure | 236 | 330 | 412 | 426 | 380 | 360 | | Book Value Per Share (BVPS) | 7,55 $ | 7,50 $ | 7,44 $ | 9,18 $ | 11,9 $ | 14,1 $ | | Cash Flow per Share | -0,25 $ | 1,51 $ | 3,22 $ | 3,42 $ | 4,04 $ | 4,37 $ | | Announcement Date | 02/17/2011 11:29am | 02/16/2012 11:00am | 02/12/2013 11:00am | - | - | - |
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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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14,2x |
8,16x |
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Capitalization / Revenue
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0,42x |
0,39x |
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EV / Revenue
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0,67x |
0,59x |
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EV / EBITDA
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6,12x |
4,81x |
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Yield (DPS / Price)
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2,35% |
2,36% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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7,27% |
8,60% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
3,94x |
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Net Margin (Net Profit / Revenue)
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2,95% |
4,94% |
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ROA (Net Profit / Asset)
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7,26% |
9,16% |
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ROE (Net Profit / Equities)
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19,1% |
21,1% |
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Rate of Dividend
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33,5% |
19,3% |
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