| Income Statement Evolution | |
|
|
| Annual Income Statement Data |
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 3 717 | 3 916 | 3 671 | 3 825 | 4 012 | 4 002 | | Operating income (EBITDA) | 886 | 951 | 1 048 | 1 067 | 1 153 | 1 225 | | Operating profit (EBIT) | 594 | 644 | 677 | 678 | 712 | 724 | | Pre-Tax Profit (EBT) | - | 524 | 520 | - | - | - | | Net income | 295 | 343 | 355 | 352 | 388 | 416 | | EPS ( $) | 2,99 | 3,45 | 3,60 | 3,52 | 3,86 | 4,14 | | Dividend per Share ( $) | 1,45 | 1,52 | 1,60 | 1,66 | 1,74 | 1,82 | | Yield | 2,02% | 2,12% | 2,22% | 2,31% | 2,42% | 2,53% | | Announcement Date | 02/17/2011
12:00pm | 02/16/2012
12:00pm | 02/27/2013
12:00pm | - | - | - |
|
|
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | - | 3 010 | 3 278 | 3 152 | 3 058 | 3 103 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 886 | 951 | 1 048 | 1 067 | 1 153 | 1 225 | Leverage
(Debt/EBITDA) | - | 3,17x | 3,13x | 2,95x | 2,65x | 2,53x | | Capital Expenditure | 852 | 1 270 | 1 151 | 1 093 | 704 | 596 | | Book Value Per Share (BVPS) | 23,5 $ | 26,1 $ | 28,0 $ | 30,6 $ | 33,3 $ | 35,6 $ | | Cash Flow per Share | 7,91 $ | 8,40 $ | 10,6 $ | - | 3,61 $ | - | | Announcement Date | 02/17/2011
12:00pm | 02/16/2012
12:00pm | 02/27/2013
12:00pm | - | - | - |
|
Assessed data source :
© 2013 Thomson Reuters |
|
|
|
|
|
|
Valuation |
2013e |
2014e |
|
PER (Price / EPS)
|
20,4x |
18,6x |
|
Capitalization / Revenue
|
1,86x |
1,77x |
|
EV / Revenue
|
2,68x |
2,54x |
|
EV / EBITDA
|
9,63x |
8,82x |
|
Yield (DPS / Price)
|
2,31% |
2,42% |
| Profitability |
2013e |
2014e |
|
Operating Margin (EBIT / Sales)
|
17,7% |
17,7% |
|
operating laverage (Delta EBIT / Delta Sales)
|
0,03x |
1,03x |
|
Net Margin (Net Profit / Revenue)
|
9,20% |
9,67% |
|
ROA (Net Profit / Asset)
|
3,47% |
3,60% |
|
ROE (Net Profit / Equities)
|
11,8% |
11,9% |
|
Rate of Dividend
|
47,1% |
44,9% |
|
|
|
