| Income Statement Evolution | |
|
|
| Annual Income Statement Data |
|
|
Actuals in M € |
Estimates in M € |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 12 464 | 14 232 | 16 222 | 17 773 | 19 564 | 21 397 | | Operating income (EBITDA) | 4 478 | 5 434 | 6 072 | 6 036 | 6 883 | 7 912 | | Operating profit (EBIT) | 3 944 | 4 710 | 5 209 | 5 536 | 6 332 | 7 145 | | Pre-Tax Profit (EBT) | 2 337 | 4 763 | 3 823 | 5 044 | 5 872 | 6 929 | | Net income | 1 816 | 3 440 | 2 826 | 3 662 | 4 170 | 4 975 | | EPS ( €) | 1,53 | 2,89 | 2,37 | 3,01 | 3,53 | 4,15 | | Dividend per Share ( €) | 0,60 | 1,10 | - | 0,94 | 1,06 | 1,18 | | Yield | 0,96% | 1,75% | - | 1,50% | 1,68% | 1,88% | | Announcement Date | 01/26/2011 06:19am | 01/25/2012 06:00am | 01/23/2013 06:02am | - | - | - |
|
|
|
|
Actuals in M € |
Estimates in M € |
|
Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 915 | - | 2 772 | - | - | - | | Finance | - | 709 | - | 224 | 2 892 | 5 756 | | Operating income (EBITDA) | 4 478 | 5 434 | 6 072 | 6 036 | 6 883 | 7 912 | Leverage (Debt/EBITDA) | 0,20x | - | 0,46x | - | - | - | | Capital Expenditure | 334 | 445 | 543 | 558 | 605 | 660 | | Book Value Per Share (BVPS) | 8,22 € | 10,3 € | 11,9 € | 14,0 € | 16,3 € | 19,7 € | | Cash Flow per Share | 2,48 € | 3,17 € | 3,06 € | 3,86 € | 4,40 € | 5,20 € | | Announcement Date | 01/26/2011 06:19am | 01/25/2012 06:00am | 01/23/2013 06:02am | - | - | - |
|
Assessed data source : © 2013 Thomson Reuters |
|
|
|
|
|
|
Valuation |
2013e |
2014e |
|
PER (Price / EPS)
|
20,8x |
17,8x |
|
Capitalization / Revenue
|
4,35x |
3,95x |
|
EV / Revenue
|
4,34x |
3,80x |
|
EV / EBITDA
|
12,8x |
10,8x |
|
Yield (DPS / Price)
|
1,50% |
1,68% |
| Profitability |
2013e |
2014e |
|
Operating Margin (EBIT / Sales)
|
31,1% |
32,4% |
|
operating laverage (Delta EBIT / Delta Sales)
|
0,66x |
1,43x |
|
Net Margin (Net Profit / Revenue)
|
20,6% |
21,3% |
|
ROA (Net Profit / Asset)
|
15,3% |
15,8% |
|
ROE (Net Profit / Equities)
|
24,8% |
23,6% |
|
Rate of Dividend
|
31,3% |
30,0% |
|
|
|