| 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 | 2 623 | 2 788 | 2 821 | 2 941 | 3 068 | 3 192 | | Operating income (EBITDA) | 506 | 550 | 565 | 621 | 664 | 701 | | Operating profit (EBIT) | 426 | 474 | 488 | 540 | 578 | 617 | | Pre-Tax Profit (EBT) | - | - | 443 | - | - | - | | Net income | 264 | 267 | 254 | 362 | 389 | 399 | | EPS ( $) | 3,26 | 3,26 | 3,09 | 4,37 | 4,75 | 4,84 | | Dividend per Share ( $) | 1,04 | 1,16 | 1,30 | 1,41 | 1,51 | 1,56 | | Yield | 1,27% | 1,41% | 1,59% | 1,72% | 1,84% | 1,90% | | Announcement Date | 02/10/2011
12:00pm | 02/09/2012
12:02pm | 02/07/2013
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 | 790 | 807 | 707 | 628 | 511 | 343 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 506 | 550 | 565 | 621 | 664 | 701 | Leverage
(Debt/EBITDA) | 1,56x | 1,47x | 1,25x | 1,01x | 0,77x | 0,49x | | Capital Expenditure | 106 | 127 | 126 | 135 | 132 | 127 | | Book Value Per Share (BVPS) | 12,5 $ | 13,7 $ | 15,3 $ | 16,6 $ | 18,8 $ | 22,5 $ | | Cash Flow per Share | - | 2,32 $ | - | - | - | - | | Announcement Date | 02/10/2011
12:00pm | 02/09/2012
12:02pm | 02/07/2013
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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18,7x |
17,3x |
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Capitalization / Revenue
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2,27x |
2,18x |
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EV / Revenue
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2,48x |
2,34x |
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EV / EBITDA
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11,8x |
10,8x |
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Yield (DPS / Price)
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1,72% |
1,84% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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18,3% |
18,8% |
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operating laverage (Delta EBIT / Delta Sales)
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2,48x |
1,63x |
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Net Margin (Net Profit / Revenue)
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12,3% |
12,7% |
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ROA (Net Profit / Asset)
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11,2% |
11,5% |
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ROE (Net Profit / Equities)
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26,7% |
25,1% |
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Rate of Dividend
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32,1% |
31,8% |
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