| 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 | 63 047 | 91 975 | 98 994 | 121 976 | 128 491 | 119 732 | | Operating income (EBITDA) | 19 096 | 21 876 | 19 586 | 24 744 | 25 858 | 25 067 | | Operating profit (EBIT) | 13 499 | 15 880 | 12 285 | 16 715 | 17 057 | 15 886 | | Pre-Tax Profit (EBT) | 13 316 | 15 706 | 14 055 | 13 946 | 13 120 | 14 185 | | Net income | 10 400 | 12 452 | 10 968 | 12 216 | 11 516 | 11 039 | | EPS ( $) | 1,08 | 1,30 | 1,17 | 1,25 | 1,25 | 1,12 | | Dividend per Share ( $) | - | - | - | 0,26 | 0,26 | 0,30 | | Yield | - | - | - | 3,66% | 3,69% | 4,12% | | Announcement Date | 02/04/2011 09:23am | 02/03/2012 01:30pm | 02/01/2013 12:30pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 13 662 | 18 119 | 19 131 | 38 107 | 39 885 | 38 218 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 19 096 | 21 876 | 19 586 | 24 744 | 25 858 | 25 067 | Leverage (Debt/EBITDA) | 0,72x | 0,83x | 0,98x | 1,54x | 1,54x | 1,52x | | Capital Expenditure | 8 931 | 13 246 | 14 989 | 18 781 | 18 125 | 17 366 | | Book Value Per Share (BVPS) | 5,68 $ | 6,86 $ | 7,76 $ | 8,16 $ | 9,13 $ | 9,91 $ | | Cash Flow per Share | 1,58 $ | 1,64 $ | 1,76 $ | 2,07 $ | 2,18 $ | 2,10 $ | | Announcement Date | 02/04/2011 09:23am | 02/03/2012 01:30pm | 02/01/2013 12:30pm | - | - | - |
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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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5,73x |
5,72x |
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Capitalization / Revenue
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0,63x |
0,59x |
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EV / Revenue
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0,94x |
0,90x |
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EV / EBITDA
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4,63x |
4,50x |
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Yield (DPS / Price)
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3,66% |
3,69% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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13,7% |
13,3% |
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operating laverage (Delta EBIT / Delta Sales)
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1,55x |
0,38x |
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Net Margin (Net Profit / Revenue)
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10,0% |
8,96% |
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ROA (Net Profit / Asset)
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7,41% |
6,03% |
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ROE (Net Profit / Equities)
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16,5% |
13,3% |
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Rate of Dividend
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21,0% |
21,1% |
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