| 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 | 1 557 | 1 749 | 1 772 | 1 911 | 2 142 | 2 277 | | Operating income (EBITDA) | 517 | 655 | 702 | 779 | 897 | 998 | | Operating profit (EBIT) | 408 | 532 | 574 | 634 | 725 | 827 | | Pre-Tax Profit (EBT) | - | - | 438 | - | - | - | | Net income | 312 | 414 | 436 | 499 | 557 | 620 | | EPS ( $) | 1,43 | 1,83 | 1,92 | 2,24 | 2,53 | 2,86 | | Dividend per Share ( $) | 1,45 | 1,56 | 1,73 | 2,09 | 2,33 | 2,60 | | Yield | 2,71% | 2,90% | 3,23% | 3,89% | 4,33% | 4,85% | | Announcement Date | 02/02/2011
10:55pm | 02/07/2012
01:09pm | 02/05/2013
01:02pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 1 899 | 2 152 | 2 065 | 2 754 | 3 027 | 3 236 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 517 | 655 | 702 | 779 | 897 | 998 | Leverage
(Debt/EBITDA) | 3,67x | 3,29x | 2,94x | 3,53x | 3,38x | 3,24x | | Capital Expenditure | 44,6 | 200 | 354 | 813 | 340 | 273 | | Book Value Per Share (BVPS) | 6,47 $ | 6,53 $ | 6,68 $ | 6,85 $ | 7,10 $ | 7,48 $ | | Cash Flow per Share | 1,94 $ | 2,56 $ | 2,84 $ | 2,65 $ | 3,01 $ | 3,43 $ | | Announcement Date | 02/02/2011
10:55pm | 02/07/2012
01:09pm | 02/05/2013
01:02pm | - | - | - |
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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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24,0x |
21,2x |
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Capitalization / Revenue
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6,37x |
5,68x |
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EV / Revenue
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7,81x |
7,10x |
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EV / EBITDA
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19,1x |
16,9x |
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Yield (DPS / Price)
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3,89% |
4,33% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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33,2% |
33,9% |
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operating laverage (Delta EBIT / Delta Sales)
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1,35x |
1,19x |
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Net Margin (Net Profit / Revenue)
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26,1% |
26,0% |
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ROA (Net Profit / Asset)
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10,3% |
11,3% |
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ROE (Net Profit / Equities)
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32,6% |
36,6% |
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Rate of Dividend
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93,4% |
91,9% |
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