| 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 | 1 522 | 1 690 | 1 663 | 1 854 | 2 092 | 2 280 | | Operating income (EBITDA) | 798 | 878 | 838 | 916 | 1 052 | 1 173 | | Operating profit (EBIT) | 695 | 769 | 734 | 802 | 915 | 1 065 | | Pre-Tax Profit (EBT) | - | - | 548 | - | - | - | | Net income | 395 | 387 | 352 | 397 | 495 | 567 | | EPS ( $) | 1,91 | 2,15 | 2,04 | 2,41 | 2,93 | 3,36 | | Dividend per Share ( $) | - | - | 0,39 | 0,52 | 0,54 | 0,46 | | Yield | - | - | 1,26% | 1,68% | 1,75% | 1,49% | | Announcement Date | 02/02/2011
12:00pm | 02/01/2012
12:08pm | 01/31/2013
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 | 2 006 | 1 611 | - | 1 008 | 570 | 96,9 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 798 | 878 | 838 | 916 | 1 052 | 1 173 | Leverage
(Debt/EBITDA) | 2,51x | 1,83x | - | 1,10x | 0,54x | 0,08x | | Capital Expenditure | 42,0 | 88,0 | 87,0 | 83,0 | 96,0 | 103 | | Book Value Per Share (BVPS) | 26,8 $ | 28,7 $ | 31,5 $ | 29,2 $ | 33,2 $ | 33,4 $ | | Cash Flow per Share | 2,13 $ | 3,72 $ | 3,44 $ | 3,23 $ | 3,77 $ | 4,40 $ | | Announcement Date | 02/02/2011
12:00pm | 02/01/2012
12:08pm | 01/31/2013
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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12,8x |
10,6x |
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Capitalization / Revenue
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2,77x |
2,45x |
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EV / Revenue
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3,31x |
2,72x |
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EV / EBITDA
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6,69x |
5,41x |
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Yield (DPS / Price)
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1,68% |
1,75% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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43,3% |
43,7% |
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operating laverage (Delta EBIT / Delta Sales)
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0,81x |
1,09x |
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Net Margin (Net Profit / Revenue)
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21,4% |
23,7% |
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ROA (Net Profit / Asset)
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7,13% |
8,07% |
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ROE (Net Profit / Equities)
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15,4% |
10,5% |
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Rate of Dividend
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21,6% |
18,5% |
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