| 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 | 11 160 | 12 593 | 13 369 | 13 498 | 13 722 | 14 398 | | Operating income (EBITDA) | 1 836 | 2 135 | 2 207 | 1 536 | 1 935 | 2 270 | | Operating profit (EBIT) | 1 319 | 1 493 | 1 481 | 769 | 1 137 | 1 484 | | Pre-Tax Profit (EBT) | 1 222 | 1 379 | 1 349 | 645 | 1 009 | 1 367 | | Net income | 844 | 921 | 902 | 446 | 697 | 941 | | EPS ( €) | 1,91 | 2,09 | 2,05 | 0,98 | 1,53 | 2,14 | | Dividend per Share ( €) | 0,63 | 0,70 | 0,68 | 0,34 | 0,53 | 0,73 | | Yield | 2,88% | 3,20% | 3,11% | 1,55% | 2,40% | 3,31% | | Announcement Date | 02/10/2011 12:54pm | 02/13/2012 12:25pm | 02/13/2013 02:42pm | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 3 263 | 3 192 | 4 278 | 4 370 | 3 505 | 2 617 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 836 | 2 135 | 2 207 | 1 536 | 1 935 | 2 270 | Leverage (Debt/EBITDA) | 1,78x | 1,50x | 1,94x | 2,85x | 1,81x | 1,15x | | Capital Expenditure | 1 545 | 1 199 | 1 015 | 959 | 695 | 688 | | Book Value Per Share (BVPS) | 9,20 € | 10,7 € | 12,3 € | 12,4 € | 13,6 € | 15,1 € | | Cash Flow per Share | 2,99 € | 3,62 € | 0,51 € | 2,53 € | 3,50 € | 3,90 € | | Announcement Date | 02/10/2011 12:54pm | 02/13/2012 12:25pm | 02/13/2013 02:42pm | - | - | - |
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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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22,4x |
14,3x |
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Capitalization / Revenue
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0,72x |
0,71x |
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EV / Revenue
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1,04x |
0,96x |
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EV / EBITDA
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9,16x |
6,83x |
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Yield (DPS / Price)
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1,55% |
2,40% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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5,70% |
8,29% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
28,8x |
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Net Margin (Net Profit / Revenue)
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3,30% |
5,08% |
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ROA (Net Profit / Asset)
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5,39% |
4,66% |
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ROE (Net Profit / Equities)
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7,86% |
11,6% |
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Rate of Dividend
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34,8% |
34,5% |
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