| 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 | 7 592 | 7 467 | 7 745 | 8 023 | 8 693 | 9 478 | | Operating income (EBITDA) | 709 | 592 | 658 | 853 | 1 050 | 1 310 | | Operating profit (EBIT) | 430 | 329 | 472 | 655 | 848 | 1 059 | | Pre-Tax Profit (EBT) | - | -472 | 42,0 | - | - | - | | Net income | -1 043 | -575 | -114 | 243 | 348 | 486 | | EPS ( $) | -3,00 | -1,66 | -0,33 | 0,67 | 1,00 | 1,36 | | Dividend per Share ( $) | 0,30 | 0,31 | 0,30 | 0,31 | 0,32 | 0,34 | | Yield | 1,39% | 1,42% | 1,39% | 1,42% | 1,47% | 1,56% | | Announcement Date | 02/14/2011 10:00pm | 02/13/2012 10:00pm | 02/11/2013 10:02pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 2 383 | 2 369 | 2 277 | 2 126 | 1 830 | 1 620 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 709 | 592 | 658 | 853 | 1 050 | 1 310 | Leverage (Debt/EBITDA) | 3,36x | 4,00x | 3,46x | 2,49x | 1,74x | 1,24x | | Capital Expenditure | 137 | 151 | 119 | 179 | 198 | 206 | | Book Value Per Share (BVPS) | 3,97 $ | 1,51 $ | 0,92 $ | 1,66 $ | 2,46 $ | 3,54 $ | | Cash Flow per Share | 1,33 $ | 0,69 $ | 0,81 $ | 0,98 $ | 1,73 $ | 1,80 $ | | Announcement Date | 02/14/2011 10:00pm | 02/13/2012 10:00pm | 02/11/2013 10:02pm | - | - | - |
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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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32,1x |
21,6x |
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Capitalization / Revenue
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0,96x |
0,88x |
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EV / Revenue
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1,22x |
1,10x |
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EV / EBITDA
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11,5x |
9,06x |
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Yield (DPS / Price)
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1,42% |
1,47% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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8,17% |
9,76% |
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operating laverage (Delta EBIT / Delta Sales)
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10,8x |
3,53x |
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Net Margin (Net Profit / Revenue)
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3,02% |
4,01% |
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ROA (Net Profit / Asset)
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5,53% |
8,15% |
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ROE (Net Profit / Equities)
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48,1% |
54,4% |
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Rate of Dividend
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45,7% |
31,6% |
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