| 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 | 8 124 | 8 628 | 8 908 | 9 146 | 9 383 | 9 612 | | Operating income (EBITDA) | 245 | 250 | 247 | 264 | 282 | 300 | | Operating profit (EBIT) | 216 | 216 | 207 | 213 | 229 | 245 | | Pre-Tax Profit (EBT) | - | - | 183 | - | - | - | | Net income | 111 | 115 | 109 | 118 | 131 | 141 | | EPS ( $) | 1,75 | 1,81 | 1,72 | 1,90 | 2,07 | 2,23 | | Dividend per Share ( $) | 0,71 | 0,80 | 0,88 | 0,94 | 1,10 | 0,83 | | Yield | 2,04% | 2,30% | 2,53% | 2,72% | 3,16% | 2,38% | | Announcement Date | 02/07/2011
10:11pm | 02/06/2012
10:14pm | 02/11/2013
10:42pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 49,9 | 76,7 | 117 | 67,5 | - | - | | Finance | - | - | - | - | 31,7 | 84,4 | | Operating income (EBITDA) | 245 | 250 | 247 | 264 | 282 | 300 | Leverage
(Debt/EBITDA) | 0,20x | 0,31x | 0,48x | 0,26x | - | - | | Capital Expenditure | 31,2 | 25,0 | 9,83 | 48,1 | 46,1 | 48,1 | | Book Value Per Share (BVPS) | 13,5 $ | 14,5 $ | 15,4 $ | 16,3 $ | 17,5 $ | 18,7 $ | | Cash Flow per Share | 3,91 $ | 1,09 $ | 3,48 $ | 2,86 $ | 3,17 $ | 3,20 $ | | Announcement Date | 02/07/2011
10:11pm | 02/06/2012
10:14pm | 02/11/2013
10:42pm | - | - | - |
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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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18,3x |
16,8x |
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Capitalization / Revenue
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0,24x |
0,23x |
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EV / Revenue
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0,25x |
0,23x |
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EV / EBITDA
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8,59x |
7,71x |
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Yield (DPS / Price)
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2,72% |
3,16% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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2,33% |
2,44% |
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operating laverage (Delta EBIT / Delta Sales)
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1,18x |
2,82x |
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Net Margin (Net Profit / Revenue)
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1,29% |
1,39% |
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ROA (Net Profit / Asset)
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7,45% |
7,70% |
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ROE (Net Profit / Equities)
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10,7% |
12,3% |
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Rate of Dividend
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49,8% |
52,9% |
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