| 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 | 5 759 | 5 865 | 5 903 | 5 724 | 5 962 | 6 202 | | Operating income (EBITDA) | 895 | 895 | 906 | 909 | 978 | 1 058 | | Operating profit (EBIT) | 723 | 734 | 743 | 748 | 813 | 878 | | Pre-Tax Profit (EBT) | - | 153 | 566 | - | - | - | | Net income | 293 | 125 | 401 | 447 | 514 | 621 | | EPS ( $) | 0,96 | 0,42 | 1,37 | 1,49 | 1,82 | 2,19 | | Dividend per Share ( $) | 0,20 | 0,29 | 0,43 | 0,61 | 0,66 | 0,58 | | Yield | 0,73% | 1,06% | 1,57% | 2,22% | 2,40% | 2,12% | | Announcement Date | 01/27/2011
11:30am | 01/27/2012
11:30am | 02/01/2013
11:30am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 2 229 | 2 007 | 1 735 | 1 503 | 1 329 | 842 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 895 | 895 | 906 | 909 | 978 | 1 058 | Leverage
(Debt/EBITDA) | 2,49x | 2,24x | 1,91x | 1,65x | 1,36x | 0,80x | | Capital Expenditure | 165 | 223 | 177 | 179 | 183 | 198 | | Book Value Per Share (BVPS) | 6,55 $ | 6,41 $ | 6,96 $ | 7,41 $ | 8,30 $ | 9,88 $ | | Cash Flow per Share | 1,91 $ | 1,90 $ | 2,11 $ | 2,09 $ | 2,36 $ | 2,74 $ | | Announcement Date | 01/27/2011
11:30am | 01/27/2012
11:30am | 02/01/2013
11:30am | - | - | - |
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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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18,4x |
15,1x |
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Capitalization / Revenue
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1,38x |
1,33x |
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EV / Revenue
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1,64x |
1,55x |
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EV / EBITDA
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10,4x |
9,45x |
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Yield (DPS / Price)
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2,22% |
2,40% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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13,1% |
13,6% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
2,10x |
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Net Margin (Net Profit / Revenue)
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7,81% |
8,62% |
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ROA (Net Profit / Asset)
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8,03% |
8,93% |
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ROE (Net Profit / Equities)
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24,1% |
24,6% |
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Rate of Dividend
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41,0% |
36,2% |
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