| 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 | 45 987 | 48 047 | 47 267 | 45 236 | 45 917 | 46 453 | | Operating income (EBITDA) | 21 123 | 23 017 | 22 534 | 18 684 | 19 221 | 20 744 | | Operating profit (EBIT) | 13 742 | 15 590 | 15 556 | 13 857 | 14 553 | 15 166 | | Pre-Tax Profit (EBT) | - | - | 9 232 | - | - | - | | Net income | 861 | 6 272 | 6 661 | 6 850 | 8 942 | 9 550 | | EPS ( $) | 0,28 | 2,02 | 2,16 | 2,22 | 2,91 | 3,33 | | Dividend per Share ( $) | 1,52 | 1,56 | 1,69 | 1,71 | 1,77 | 1,83 | | Yield | 3,21% | 3,30% | 3,57% | 3,62% | 3,73% | 3,86% | | Announcement Date | 02/03/2011 12:00pm | 02/02/2012 12:00pm | 02/01/2013 12:00pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 5 681 | 2 543 | 4 428 | - | - | - | | Finance | - | - | - | 1 862 | 10 504 | 17 872 | | Operating income (EBITDA) | 21 123 | 23 017 | 22 534 | 18 684 | 19 221 | 20 744 | Leverage (Debt/EBITDA) | 0,27x | 0,11x | 0,20x | - | - | - | | Capital Expenditure | 1 678 | 1 723 | 1 954 | 1 831 | 1 927 | 1 954 | | Book Value Per Share (BVPS) | 17,6 $ | 17,9 $ | 17,5 $ | 18,1 $ | 20,6 $ | 22,4 $ | | Cash Flow per Share | 3,47 $ | 4,00 $ | 3,26 $ | 4,52 $ | 4,92 $ | 5,67 $ | | Announcement Date | 02/03/2011 12:00pm | 02/02/2012 12:00pm | 02/01/2013 12:00pm | - | - | - |
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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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21,3x |
16,3x |
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Capitalization / Revenue
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3,16x |
3,11x |
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EV / Revenue
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3,12x |
2,88x |
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EV / EBITDA
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7,55x |
6,89x |
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Yield (DPS / Price)
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3,62% |
3,73% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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30,6% |
31,7% |
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operating laverage (Delta EBIT / Delta Sales)
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-2,54x |
3,34x |
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Net Margin (Net Profit / Revenue)
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15,1% |
19,5% |
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ROA (Net Profit / Asset)
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11,5% |
11,2% |
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ROE (Net Profit / Equities)
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19,0% |
19,9% |
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Rate of Dividend
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77,1% |
60,8% |
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