| 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 | 25 893 | 34 275 | 37 797 | 40 236 | 43 153 | 44 668 | | Operating income (EBITDA) | 1 106 | 1 598 | 2 107 | 2 223 | 2 284 | 2 491 | | Operating profit (EBIT) | 849 | 1 349 | 1 625 | 1 876 | 1 863 | 2 136 | | Pre-Tax Profit (EBT) | - | - | 1 181 | - | - | - | | Net income | 338 | 730 | 789 | 1 013 | 1 009 | 963 | | EPS ( $) | 1,20 | 2,44 | 2,40 | 3,17 | 2,96 | 3,49 | | Dividend per Share ( $) | 1,88 | 1,95 | 2,25 | 2,38 | 2,59 | 2,82 | | Yield | 3,31% | 3,44% | 3,96% | 4,19% | 4,56% | 4,97% | | Announcement Date | 02/09/2011 09:14pm | 02/08/2012 09:08pm | 02/06/2013 09:05pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 5 921 | 5 199 | 7 406 | 7 749 | 8 105 | 8 584 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 106 | 1 598 | 2 107 | 2 223 | 2 284 | 2 491 | Leverage (Debt/EBITDA) | 5,35x | 3,25x | 3,51x | 3,49x | 3,55x | 3,45x | | Capital Expenditure | 451 | 635 | 1 204 | 1 398 | 811 | 675 | | Book Value Per Share (BVPS) | 15,4 $ | 17,5 $ | 19,8 $ | 21,6 $ | 22,3 $ | 22,7 $ | | Cash Flow per Share | 0,94 $ | 7,88 $ | 3,78 $ | 3,84 $ | 3,68 $ | 4,02 $ | | Announcement Date | 02/09/2011 09:14pm | 02/08/2012 09:08pm | 02/06/2013 09:05pm | - | - | - |
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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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17,9x |
19,2x |
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Capitalization / Revenue
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0,48x |
0,45x |
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EV / Revenue
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0,67x |
0,63x |
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EV / EBITDA
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12,1x |
12,0x |
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Yield (DPS / Price)
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4,19% |
4,56% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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4,66% |
4,32% |
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operating laverage (Delta EBIT / Delta Sales)
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2,39x |
- |
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Net Margin (Net Profit / Revenue)
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2,52% |
2,34% |
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ROA (Net Profit / Asset)
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4,73% |
4,59% |
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ROE (Net Profit / Equities)
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14,8% |
14,4% |
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Rate of Dividend
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75,0% |
87,6% |
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