| Income Statement Evolution | |
|
|
| Annual Income Statement Data |
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 12 543 | 13 873 | 14 219 | 14 714 | 15 403 | 16 155 | | Operating income (EBITDA) | 1 713 | 1 945 | 2 087 | 2 150 | 2 270 | 2 424 | | Operating profit (EBIT) | 1 460 | 1 671 | 1 804 | 1 876 | 2 004 | 2 130 | | Pre-Tax Profit (EBT) | - | - | 1 660 | - | - | - | | Net income | 820 | 942 | 976 | 1 019 | 1 089 | 1 161 | | EPS ( $) | 2,70 | 3,33 | 3,61 | 3,93 | 4,37 | 4,82 | | Dividend per Share ( $) | 0,80 | 1,00 | 1,20 | 1,53 | 1,73 | 1,92 | | Yield | 1,27% | 1,59% | 1,91% | 2,42% | 2,75% | 3,06% | | Announcement Date | 02/15/2011 12:00pm | 02/14/2012 12:00pm | 02/12/2013 12:00pm | - | - | - |
|
|
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 888 | 1 388 | 1 756 | 2 159 | 2 125 | 2 208 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 713 | 1 945 | 2 087 | 2 150 | 2 270 | 2 424 | Leverage (Debt/EBITDA) | 0,52x | 0,71x | 0,84x | 1,00x | 0,94x | 0,91x | | Capital Expenditure | 154 | 186 | 226 | 220 | 206 | 224 | | Book Value Per Share (BVPS) | 12,5 $ | 12,8 $ | 13,2 $ | 13,1 $ | 13,8 $ | 15,5 $ | | Cash Flow per Share | 4,90 $ | 4,64 $ | 5,38 $ | 5,42 $ | 5,99 $ | 6,52 $ | | Announcement Date | 02/15/2011 12:00pm | 02/14/2012 12:00pm | 02/12/2013 12:00pm | - | - | - |
|
Assessed data source : © 2013 Thomson Reuters |
|
|
|
|
|
|
Valuation |
2013e |
2014e |
|
PER (Price / EPS)
|
16,0x |
14,4x |
|
Capitalization / Revenue
|
1,11x |
1,06x |
|
EV / Revenue
|
1,25x |
1,19x |
|
EV / EBITDA
|
8,57x |
8,10x |
|
Yield (DPS / Price)
|
2,42% |
2,75% |
| Profitability |
2013e |
2014e |
|
Operating Margin (EBIT / Sales)
|
12,7% |
13,0% |
|
operating laverage (Delta EBIT / Delta Sales)
|
1,14x |
1,45x |
|
Net Margin (Net Profit / Revenue)
|
6,93% |
7,07% |
|
ROA (Net Profit / Asset)
|
5,41% |
5,70% |
|
ROE (Net Profit / Equities)
|
29,0% |
31,9% |
|
Rate of Dividend
|
38,8% |
39,6% |
|
|
|