| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M BRL |
Estimates in M BRL |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 2 227 | 2 905 | 5 699 | 6 214 | 6 739 | 7 063 | | Operating income (EBITDA) | 312 | 411 | 460 | 659 | 780 | 847 | | Operating profit (EBIT) | 262 | 358 | 279 | 470 | 595 | 654 | | Pre-Tax Profit (EBT) | - | 343 | 118 | 309 | 413 | - | | Net income | 164 | 223 | 66,9 | 152 | 209 | - | | EPS ( BRL) | 1,98 | 2,36 | 0,70 | 1,14 | 2,01 | 2,60 | | Dividend per Share ( BRL) | - | 0,87 | 0,31 | 0,32 | 0,51 | 0,82 | | Yield | - | 3,58% | 1,25% | 1,30% | 2,08% | 3,37% | | Announcement Date | 02/24/2011 09:49am | 02/27/2012 09:29pm | 02/27/2013 04:40pm | - | - | - |
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Actuals in M BRL |
Estimates in M BRL |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 408 | 519 | 2 494 | 2 456 | 2 396 | 2 197 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 312 | 411 | 460 | 659 | 780 | 847 | Leverage (Debt/EBITDA) | 1,31x | 1,26x | 5,43x | 3,73x | 3,07x | 2,59x | | Capital Expenditure | 95,7 | 197 | 260 | 162 | 203 | 212 | | Book Value Per Share (BVPS) | 9,38 BRL | 9,68 BRL | 11,5 BRL | 10,1 BRL | 11,7 BRL | 13,7 BRL | | Cash Flow per Share | 0,45 BRL | - | -1,75 BRL | 1,84 BRL | 3,15 BRL | - | | Announcement Date | 02/24/2011 09:49am | 02/27/2012 09:29pm | 02/27/2013 04:40pm | - | - | - |
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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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21,4x |
12,2x |
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Capitalization / Revenue
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0,37x |
0,34x |
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EV / Revenue
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0,77x |
0,70x |
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EV / EBITDA
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7,24x |
6,04x |
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Yield (DPS / Price)
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1,30% |
2,08% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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7,56% |
8,83% |
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operating laverage (Delta EBIT / Delta Sales)
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7,59x |
3,15x |
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Net Margin (Net Profit / Revenue)
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2,45% |
3,10% |
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ROA (Net Profit / Asset)
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1,87% |
2,97% |
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ROE (Net Profit / Equities)
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12,4% |
18,6% |
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Rate of Dividend
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27,7% |
25,3% |
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