| 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 | 5 552 | 6 646 | 7 504 | 7 146 | 7 096 | 7 373 | | Operating income (EBITDA) | 623 | 801 | 801 | 791 | 802 | 841 | | Operating profit (EBIT) | 503 | 629 | 635 | 624 | 636 | 680 | | Pre-Tax Profit (EBT) | 428 | 507 | 550 | 575 | 597 | 651 | | Net income | 257 | 356 | 373 | 391 | 407 | 442 | | EPS ( €) | 1,71 | 2,38 | 2,49 | 2,59 | 2,70 | 2,92 | | Dividend per Share ( €) | 1,55 | 1,70 | 1,85 | 1,84 | 1,87 | 1,92 | | Yield | 4,88% | 5,35% | 5,82% | 5,78% | 5,88% | 6,04% | | Announcement Date | 02/03/2011
10:29am | 02/09/2012
10:00am | 02/07/2013
10:00am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 310 | 437 | 559 | 397 | 258 | 170 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 623 | 801 | 801 | 791 | 802 | 841 | Leverage
(Debt/EBITDA) | 0,50x | 0,55x | 0,70x | 0,50x | 0,32x | 0,20x | | Capital Expenditure | 134 | 164 | 156 | 160 | 160 | 165 | | Book Value Per Share (BVPS) | 13,7 € | 14,1 € | 14,7 € | 15,3 € | 16,2 € | 17,1 € | | Cash Flow per Share | 3,38 € | 3,11 € | 3,91 € | 3,08 € | 3,72 € | 3,83 € | | Announcement Date | 02/03/2011
10:29am | 02/09/2012
10:00am | 02/07/2013
10:00am | - | - | - |
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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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12,3x |
11,8x |
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Capitalization / Revenue
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0,67x |
0,68x |
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EV / Revenue
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0,73x |
0,71x |
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EV / EBITDA
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6,56x |
6,30x |
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Yield (DPS / Price)
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5,78% |
5,88% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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8,73% |
8,96% |
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operating laverage (Delta EBIT / Delta Sales)
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-0,35x |
- |
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Net Margin (Net Profit / Revenue)
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5,48% |
5,74% |
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ROA (Net Profit / Asset)
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7,90% |
8,17% |
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ROE (Net Profit / Equities)
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17,6% |
17,3% |
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Rate of Dividend
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70,9% |
69,3% |
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