| 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 | 30 384 | 33 389 | 34 947 | 35 383 | 37 484 | 39 379 | | Operating income (EBITDA) | 13 301 | 13 300 | 14 761 | 12 897 | 14 011 | 15 161 | | Operating profit (EBIT) | 12 660 | 12 144 | 11 353 | 10 438 | 11 742 | 12 855 | | Pre-Tax Profit (EBT) | 5 599 | 6 389 | 5 877 | 6 374 | 7 973 | 8 703 | | Net income | 5 467 | 5 693 | 4 967 | 5 152 | 6 455 | 7 524 | | EPS ( €) | 4,19 | 4,31 | 3,76 | 4,25 | 5,17 | 5,95 | | Dividend per Share ( €) | 2,50 | 2,65 | 2,77 | 2,86 | 3,22 | 3,62 | | Yield | 2,96% | 3,14% | 3,28% | 3,39% | 3,81% | 4,28% | | Announcement Date | 02/09/2011 07:06am | 02/08/2012 06:45am | 02/07/2013 06:30am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 1 577 | 10 859 | - | 5 012 | 2 023 | - | | Finance | - | - | - | - | - | 1 910 | | Operating income (EBITDA) | 13 301 | 13 300 | 14 761 | 12 897 | 14 011 | 15 161 | Leverage (Debt/EBITDA) | 0,12x | 0,82x | - | 0,39x | 0,14x | - | | Capital Expenditure | 1 261 | 1 644 | - | 2 257 | 2 294 | 2 496 | | Book Value Per Share (BVPS) | 40,5 € | 42,5 € | 43,3 € | 45,1 € | 46,7 € | 48,2 € | | Cash Flow per Share | 8,18 € | 7,57 € | - | 6,77 € | 7,35 € | 8,74 € | | Announcement Date | 02/09/2011 07:06am | 02/08/2012 06:45am | 02/07/2013 06:30am | - | - | - |
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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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19,9x |
16,4x |
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Capitalization / Revenue
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3,19x |
3,01x |
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EV / Revenue
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3,33x |
3,06x |
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EV / EBITDA
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9,13x |
8,19x |
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Yield (DPS / Price)
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3,39% |
3,81% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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29,5% |
31,3% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
2,11x |
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Net Margin (Net Profit / Revenue)
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14,6% |
17,2% |
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ROA (Net Profit / Asset)
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4,55% |
5,85% |
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ROE (Net Profit / Equities)
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11,9% |
12,6% |
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Rate of Dividend
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67,4% |
62,3% |
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