| 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 | 3 085 | 3 643 | 3 794 | 4 035 | 4 346 | 4 714 | | Operating income (EBITDA) | 760 | 897 | 861 | 923 | 1 019 | 1 134 | | Operating profit (EBIT) | 612 | 751 | 697 | 747 | 831 | 939 | | Pre-Tax Profit (EBT) | - | 665 | 644 | - | - | - | | Net income | 368 | 439 | 416 | 446 | 507 | 565 | | EPS ( $) | 2,87 | 3,40 | 3,25 | 3,50 | 4,02 | 4,57 | | Dividend per Share ( $) | 0,95 | 1,12 | 1,25 | 1,31 | 1,31 | 1,52 | | Yield | 1,22% | 1,44% | 1,60% | 1,69% | 1,69% | 1,95% | | Announcement Date | 03/21/2011
11:00am | 03/20/2012
10:59am | 03/22/2013
11:00am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period January |
2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| Debt | 6,65 | 278 | 454 | 282 | 200 | 80,7 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 760 | 897 | 861 | 923 | 1 019 | 1 134 | Leverage
(Debt/EBITDA) | 0,01x | 0,31x | 0,53x | 0,31x | 0,20x | 0,07x | | Capital Expenditure | 127 | 239 | 220 | 225 | 225 | 241 | | Book Value Per Share (BVPS) | 17,2 $ | 18,5 $ | 20,5 $ | 22,7 $ | 25,4 $ | 28,5 $ | | Cash Flow per Share | 2,33 $ | 1,63 $ | 2,57 $ | 4,34 $ | 4,54 $ | 5,22 $ | | Announcement Date | 03/21/2011
11:00am | 03/20/2012
10:59am | 03/22/2013
11:00am | - | - | - |
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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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22,3x |
19,4x |
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Capitalization / Revenue
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2,45x |
2,28x |
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EV / Revenue
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2,52x |
2,32x |
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EV / EBITDA
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11,0x |
9,92x |
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Yield (DPS / Price)
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1,69% |
1,69% |
| Profitability |
2014e |
2015e |
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Operating Margin (EBIT / Sales)
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18,5% |
19,1% |
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operating laverage (Delta EBIT / Delta Sales)
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1,12x |
1,47x |
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Net Margin (Net Profit / Revenue)
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11,1% |
11,7% |
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ROA (Net Profit / Asset)
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10,4% |
11,4% |
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ROE (Net Profit / Equities)
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16,2% |
17,0% |
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Rate of Dividend
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37,6% |
32,7% |
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