| 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 January |
2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| Sales | 14 664 | 14 549 | 15 651 | 16 256 | 17 023 | 17 749 | | Operating income (EBITDA) | 2 530 | 1 944 | 2 425 | 2 581 | 2 812 | 3 042 | | Operating profit (EBIT) | 1 968 | 1 438 | 1 942 | 2 106 | 2 298 | 2 484 | | Pre-Tax Profit (EBT) | - | 1 369 | 1 861 | - | - | - | | Net income | 1 204 | 833 | 1 135 | 1 259 | 1 366 | 1 496 | | EPS ( $) | 1,88 | 1,56 | 2,33 | 2,70 | 3,01 | 3,32 | | Dividend per Share ( $) | 0,40 | 0,45 | 0,50 | 0,52 | 0,57 | 0,60 | | Yield | 0,96% | 1,08% | 1,20% | 1,24% | 1,36% | 1,44% | | Announcement Date | 02/24/2011 09:18pm | 02/23/2012 09:12pm | 02/28/2013 09:00pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period January |
2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| Debt | - | - | - | - | - | - | | Finance | 1 561 | 220 | 264 | 856 | 1 550 | 2 210 | | Operating income (EBITDA) | 2 530 | 1 944 | 2 425 | 2 581 | 2 812 | 3 042 | Leverage (Debt/EBITDA) | - | - | - | - | - | - | | Capital Expenditure | 557 | 548 | 659 | 677 | 654 | 675 | | Book Value Per Share (BVPS) | 6,94 $ | 5,68 $ | 6,25 $ | 7,75 $ | 9,62 $ | 11,9 $ | | Cash Flow per Share | 2,72 $ | 2,56 $ | 3,97 $ | 3,81 $ | 4,18 $ | 4,74 $ | | Announcement Date | 02/24/2011 09:18pm | 02/23/2012 09:12pm | 02/28/2013 09:00pm | - | - | - |
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Assessed data source : © 2013 Thomson Reuters |
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Valuation |
2014e |
2015e |
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PER (Price / EPS)
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15,5x |
13,9x |
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Capitalization / Revenue
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1,20x |
1,15x |
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EV / Revenue
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1,15x |
1,06x |
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EV / EBITDA
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7,23x |
6,39x |
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Yield (DPS / Price)
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1,24% |
1,36% |
| Profitability |
2014e |
2015e |
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Operating Margin (EBIT / Sales)
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13,0% |
13,5% |
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operating laverage (Delta EBIT / Delta Sales)
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2,18x |
1,94x |
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Net Margin (Net Profit / Revenue)
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7,75% |
8,03% |
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ROA (Net Profit / Asset)
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17,6% |
17,4% |
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ROE (Net Profit / Equities)
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38,4% |
34,7% |
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Rate of Dividend
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19,3% |
18,9% |
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