| 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 | 64 306 | 68 735 | 81 698 | 83 865 | 91 787 | 92 526 | | Operating income (EBITDA) | 6 753 | 7 504 | 8 122 | 8 126 | 9 195 | 9 711 | | Operating profit (EBIT) | 5 026 | 5 844 | 6 311 | 6 452 | 7 342 | 8 388 | | Pre-Tax Profit (EBT) | - | - | 5 910 | - | - | - | | Net income | 3 307 | 4 018 | 3 900 | 4 050 | 4 699 | 5 253 | | EPS ( $) | 4,45 | 5,34 | 5,11 | 5,40 | 6,28 | 7,06 | | Dividend per Share ( $) | 1,68 | 1,68 | 1,76 | 1,89 | 2,08 | 2,24 | | Yield | 1,70% | 1,70% | 1,78% | 1,92% | 2,11% | 2,27% | | Announcement Date | 01/26/2011 12:30pm | 01/25/2012 12:30pm | 01/30/2013 12:32pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 7 062 | 2 322 | 68,0 | - | - | - | | Finance | - | - | - | 3 410 | 4 989 | 7 351 | | Operating income (EBITDA) | 6 753 | 7 504 | 8 122 | 8 126 | 9 195 | 9 711 | Leverage (Debt/EBITDA) | 1,05x | 0,31x | 0,01x | - | - | - | | Capital Expenditure | 1 125 | 1 713 | 1 703 | 2 046 | 1 976 | 1 755 | | Book Value Per Share (BVPS) | 3,76 $ | 4,72 $ | 7,76 $ | 11,7 $ | 12,3 $ | 16,5 $ | | Cash Flow per Share | 3,97 $ | 5,34 $ | 9,83 $ | 7,97 $ | 9,17 $ | 9,22 $ | | Announcement Date | 01/26/2011 12:30pm | 01/25/2012 12:30pm | 01/30/2013 12:32pm | - | - | - |
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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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18,3x |
15,7x |
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Capitalization / Revenue
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0,89x |
0,82x |
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EV / Revenue
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0,85x |
0,76x |
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EV / EBITDA
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8,80x |
7,60x |
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Yield (DPS / Price)
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1,92% |
2,11% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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7,69% |
8,00% |
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operating laverage (Delta EBIT / Delta Sales)
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0,84x |
1,46x |
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Net Margin (Net Profit / Revenue)
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4,83% |
5,12% |
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ROA (Net Profit / Asset)
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4,65% |
4,91% |
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ROE (Net Profit / Equities)
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59,8% |
54,6% |
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Rate of Dividend
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35,1% |
33,2% |
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