| 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 | 4 994 | 5 151 | 3 935 | 4 090 | 4 178 | 4 196 | | Operating income (EBITDA) | 975 | 1 218 | 1 038 | 1 064 | 1 101 | 1 099 | | Operating profit (EBIT) | 727 | 976 | 847 | 821 | 849 | 822 | | Pre-Tax Profit (EBT) | 608 | 887 | 767 | 719 | 771 | 746 | | Net income | 449 | 564 | 668 | 534 | 559 | 541 | | EPS ( €) | 2,34 | 2,95 | 3,49 | 2,81 | 2,87 | 2,68 | | Dividend per Share ( €) | 1,00 | 1,30 | - | 1,28 | 1,29 | 1,25 | | Yield | 3,33% | 4,32% | - | 4,24% | 4,28% | 4,16% | | Announcement Date | 03/10/2011 06:01am | 03/15/2012 06:31am | 03/14/2013 06:14am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 733 | 611 | 756 | 677 | 1 117 | 1 489 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 975 | 1 218 | 1 038 | 1 064 | 1 101 | 1 099 | Leverage (Debt/EBITDA) | 0,75x | 0,50x | 0,73x | 0,64x | 1,01x | 1,36x | | Capital Expenditure | 201 | 294 | 466 | 921 | 1 124 | 981 | | Book Value Per Share (BVPS) | 13,8 € | 16,2 € | - | 19,9 € | 21,5 € | 22,6 € | | Cash Flow per Share | 4,34 € | 4,76 € | - | 4,15 € | 4,30 € | 4,28 € | | Announcement Date | 03/10/2011 06:01am | 03/15/2012 06:31am | 03/14/2013 06:14am | - | - | - |
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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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10,7x |
10,5x |
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Capitalization / Revenue
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1,41x |
1,38x |
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EV / Revenue
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1,57x |
1,64x |
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EV / EBITDA
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6,04x |
6,24x |
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Yield (DPS / Price)
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4,24% |
4,28% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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20,1% |
20,3% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
1,57x |
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Net Margin (Net Profit / Revenue)
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13,1% |
13,4% |
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ROA (Net Profit / Asset)
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9,41% |
9,22% |
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ROE (Net Profit / Equities)
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15,3% |
14,5% |
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Rate of Dividend
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45,4% |
44,9% |
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