| 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 | 5 165 | 5 612 | 5 503 | 5 407 | 5 581 | 5 773 | | Operating income (EBITDA) | 1 625 | 1 622 | 1 775 | 1 716 | 1 793 | 1 864 | | Operating profit (EBIT) | 1 381 | 1 326 | 1 491 | 1 429 | 1 505 | 1 577 | | Pre-Tax Profit (EBT) | - | - | 1 005 | - | - | - | | Net income | 907 | 864 | 752 | 994 | 1 121 | 1 201 | | EPS ( $) | 2,75 | 2,64 | 2,39 | 3,50 | 3,90 | 4,22 | | Dividend per Share ( $) | - | 0,84 | 0,92 | 0,99 | 1,03 | 1,12 | | Yield | - | 1,79% | 1,96% | 2,10% | 2,18% | 2,39% | | Announcement Date | 01/26/2011 12:30pm | 01/25/2012 12:30pm | 01/23/2013 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 | 2 011 | 1 811 | 1 886 | 1 758 | 1 171 | 503 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 625 | 1 622 | 1 775 | 1 716 | 1 793 | 1 864 | Leverage (Debt/EBITDA) | 1,24x | 1,12x | 1,06x | 1,02x | 0,65x | 0,27x | | Capital Expenditure | 305 | 306 | 280 | 303 | 309 | 311 | | Book Value Per Share (BVPS) | 13,3 $ | 14,0 $ | 13,9 $ | 15,1 $ | 17,4 $ | 20,1 $ | | Cash Flow per Share | 3,86 $ | 3,93 $ | 4,24 $ | 3,68 $ | 4,60 $ | 5,54 $ | | Announcement Date | 01/26/2011 12:30pm | 01/25/2012 12:30pm | 01/23/2013 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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13,4x |
12,1x |
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Capitalization / Revenue
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2,46x |
2,39x |
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EV / Revenue
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2,79x |
2,60x |
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EV / EBITDA
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8,79x |
8,08x |
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Yield (DPS / Price)
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2,10% |
2,18% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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26,4% |
27,0% |
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operating laverage (Delta EBIT / Delta Sales)
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-2,40x |
1,66x |
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Net Margin (Net Profit / Revenue)
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18,4% |
20,1% |
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ROA (Net Profit / Asset)
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11,6% |
12,0% |
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ROE (Net Profit / Equities)
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24,2% |
23,4% |
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Rate of Dividend
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28,2% |
26,3% |
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