| 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 | 19 580 | 22 387 | 23 946 | 24 561 | 25 858 | 27 242 | | Operating income (EBITDA) | 3 172 | 3 736 | 3 515 | 4 072 | 4 460 | 4 759 | | Operating profit (EBIT) | 2 799 | 3 178 | 3 040 | 3 360 | 3 702 | 4 027 | | Pre-Tax Profit (EBT) | 2 356 | 2 438 | 2 461 | 2 778 | 3 112 | 3 332 | | Net income | 1 720 | 1 820 | 1 840 | 2 057 | 2 313 | 2 441 | | EPS ( €) | 3,28 | 3,35 | 3,36 | 3,83 | 3,98 | 4,61 | | Dividend per Share ( €) | 1,60 | 1,70 | 1,87 | 1,92 | 2,13 | 2,34 | | Yield | 2,66% | 2,83% | 3,11% | 3,20% | 3,55% | 3,90% | | Announcement Date | 02/17/2011 06:30am | 02/22/2012 07:53am | 02/21/2013 06:59am | - | - | - |
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Actuals in M € |
Estimates in M € |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 2 736 | 5 266 | 4 395 | 3 554 | 2 541 | 1 747 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 3 172 | 3 736 | 3 515 | 4 072 | 4 460 | 4 759 | Leverage (Debt/EBITDA) | 0,86x | 1,41x | 1,25x | 0,87x | 0,57x | 0,37x | | Capital Expenditure | 528 | 746 | - | 749 | 800 | 783 | | Book Value Per Share (BVPS) | 27,2 € | 29,0 € | 30,4 € | 32,3 € | 34,7 € | 37,1 € | | Cash Flow per Share | 4,70 € | 4,15 € | - | 5,30 € | 6,04 € | 6,37 € | | Announcement Date | 02/17/2011 06:30am | 02/22/2012 07:53am | 02/21/2013 06:59am | - | - | - |
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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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15,7x |
15,1x |
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Capitalization / Revenue
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1,36x |
1,29x |
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EV / Revenue
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1,51x |
1,39x |
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EV / EBITDA
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9,09x |
8,07x |
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Yield (DPS / Price)
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3,20% |
3,55% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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13,7% |
14,3% |
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operating laverage (Delta EBIT / Delta Sales)
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4,10x |
1,93x |
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Net Margin (Net Profit / Revenue)
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8,37% |
8,94% |
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ROA (Net Profit / Asset)
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5,65% |
6,20% |
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ROE (Net Profit / Equities)
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13,1% |
13,8% |
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Rate of Dividend
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50,2% |
53,5% |
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