| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M BRL |
Estimates in M BRL |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 4 514 | 4 848 | 5 192 | 5 475 | 6 715 | 7 531 | | Operating income (EBITDA) | 1 703 | 1 141 | 1 272 | 1 507 | 1 893 | 2 165 | | Operating profit (EBIT) | 1 151 | 515 | 544 | 710 | 1 052 | 1 324 | | Pre-Tax Profit (EBT) | - | -98,3 | -311 | 155 | 180 | 450 | | Net income | 769 | 29,9 | -182 | 220 | 196 | 417 | | EPS ( BRL) | 2,07 | 0,06 | -0,24 | 0,19 | 0,30 | 0,30 | | Dividend per Share ( BRL) | - | 0,21 | - | 0,05 | 0,07 | 0,09 | | Yield | - | 2,75% | - | 0,68% | 0,94% | 1,19% | | Announcement Date | 03/18/2011 07:04am | 03/27/2012 08:43am | 03/12/2013 01:24pm | - | - | - |
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Actuals in M BRL |
Estimates in M BRL |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 3 421 | 5 470 | 6 381 | 8 344 | 8 340 | 8 094 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 1 703 | 1 141 | 1 272 | 1 507 | 1 893 | 2 165 | Leverage (Debt/EBITDA) | 2,01x | 4,80x | 5,02x | 5,54x | 4,41x | 3,74x | | Capital Expenditure | 603 | 3 247 | 2 784 | 2 673 | 699 | 731 | | Book Value Per Share (BVPS) | 21,7 BRL | 24,3 BRL | 10,1 BRL | 10,1 BRL | 10,3 BRL | 10,8 BRL | | Cash Flow per Share | 3,17 BRL | 2,00 BRL | 0,93 BRL | 0,65 BRL | 0,92 BRL | 1,28 BRL | | Announcement Date | 03/18/2011 07:04am | 03/27/2012 08:43am | 03/12/2013 01:24pm | - | - | - |
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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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41,0x |
25,5x |
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Capitalization / Revenue
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1,55x |
1,26x |
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EV / Revenue
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3,07x |
2,50x |
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EV / EBITDA
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11,2x |
8,88x |
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Yield (DPS / Price)
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0,68% |
0,94% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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13,0% |
15,7% |
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operating laverage (Delta EBIT / Delta Sales)
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5,58x |
2,13x |
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Net Margin (Net Profit / Revenue)
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4,01% |
2,92% |
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ROA (Net Profit / Asset)
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0,69% |
1,02% |
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ROE (Net Profit / Equities)
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1,32% |
1,99% |
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Rate of Dividend
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27,9% |
24,0% |
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