| 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 | 21 663 | 23 191 | 25 878 | 27 330 | 29 183 | 30 844 | | Operating income (EBITDA) | 2 791 | 3 002 | 3 615 | 3 900 | 4 267 | 4 621 | | Operating profit (EBIT) | 2 333 | 2 516 | 3 107 | 3 344 | 3 659 | 3 931 | | Pre-Tax Profit (EBT) | - | - | 3 077 | - | - | - | | Net income | 1 343 | 1 496 | 1 907 | 2 044 | 2 244 | 2 427 | | EPS ( $) | 1,65 | 1,93 | 2,55 | 2,82 | 3,19 | 3,55 | | Dividend per Share ( $) | 0,30 | 0,38 | 0,46 | 0,55 | 0,63 | 0,67 | | Yield | 0,59% | 0,75% | 0,91% | 1,10% | 1,25% | 1,33% | | Announcement Date | 02/23/2011 01:16pm | 02/22/2012 01:31pm | 02/27/2013 01:37pm | - | - | - |
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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 | 967 | 827 | 1 037 | 1 043 | 1 307 | 1 582 | | Operating income (EBITDA) | 2 791 | 3 002 | 3 615 | 3 900 | 4 267 | 4 621 | Leverage (Debt/EBITDA) | - | - | - | - | - | - | | Capital Expenditure | 707 | 803 | 978 | 948 | 980 | 999 | | Book Value Per Share (BVPS) | 3,98 $ | 4,28 $ | 5,06 $ | 5,54 $ | 6,29 $ | 7,85 $ | | Cash Flow per Share | 2,43 $ | 2,51 $ | 4,07 $ | 3,59 $ | 4,16 $ | 4,57 $ | | Announcement Date | 02/23/2011 01:16pm | 02/22/2012 01:31pm | 02/27/2013 01:37pm | - | - | - |
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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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17,9x |
15,8x |
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Capitalization / Revenue
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1,33x |
1,25x |
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EV / Revenue
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1,29x |
1,20x |
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EV / EBITDA
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9,06x |
8,22x |
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Yield (DPS / Price)
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1,10% |
1,25% |
| Profitability |
2014e |
2015e |
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Operating Margin (EBIT / Sales)
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12,2% |
12,5% |
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operating laverage (Delta EBIT / Delta Sales)
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1,36x |
1,39x |
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Net Margin (Net Profit / Revenue)
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7,48% |
7,69% |
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ROA (Net Profit / Asset)
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20,8% |
21,4% |
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ROE (Net Profit / Equities)
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52,2% |
51,8% |
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Rate of Dividend
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19,6% |
19,9% |
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