| 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 | 4 490 | 5 641 | 7 648 | 7 810 | 7 995 | 8 243 | | Operating income (EBITDA) | 732 | 786 | 996 | 1 005 | 1 084 | 1 167 | | Operating profit (EBIT) | 549 | 631 | 666 | 702 | 778 | 862 | | Pre-Tax Profit (EBT) | - | - | -1 336 | - | - | - | | Net income | 256 | 148 | -1 078 | 195 | 289 | 382 | | EPS ( $) | 1,44 | 0,80 | -5,59 | 0,97 | 1,49 | 2,05 | | Dividend per Share ( $) | 0,50 | 0,52 | 0,52 | 0,46 | 0,46 | 0,44 | | Yield | 2,10% | 2,19% | 2,19% | 1,92% | 1,93% | 1,86% | | Announcement Date | 01/24/2011 12:33pm | 02/09/2012 12:30pm | 02/19/2013 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 | 754 | 5 160 | 4 779 | 3 795 | 3 476 | 2 911 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 732 | 786 | 996 | 1 005 | 1 084 | 1 167 | Leverage (Debt/EBITDA) | 1,03x | 6,56x | 4,80x | 3,78x | 3,21x | 2,49x | | Capital Expenditure | 87,6 | 125 | 124 | 161 | 175 | 168 | | Book Value Per Share (BVPS) | 15,1 $ | 15,5 $ | 7,42 $ | 8,09 $ | 9,04 $ | 10,8 $ | | Cash Flow per Share | 2,73 $ | 2,11 $ | 1,91 $ | 2,48 $ | 2,78 $ | 3,11 $ | | Announcement Date | 01/24/2011 12:33pm | 02/09/2012 12:30pm | 02/19/2013 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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24,6x |
15,9x |
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Capitalization / Revenue
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0,60x |
0,58x |
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EV / Revenue
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1,08x |
1,02x |
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EV / EBITDA
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8,41x |
7,50x |
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Yield (DPS / Price)
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1,92% |
1,93% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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8,99% |
9,73% |
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operating laverage (Delta EBIT / Delta Sales)
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2,60x |
4,53x |
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Net Margin (Net Profit / Revenue)
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2,50% |
3,61% |
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ROA (Net Profit / Asset)
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4,20% |
5,19% |
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ROE (Net Profit / Equities)
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13,9% |
17,8% |
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Rate of Dividend
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47,2% |
30,7% |
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